Viewing Expert Hap (Robert) Sneddon FCSI | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Hap (Robert) Sneddon FCSI , Chief Portfolio Manager & Founder

Castlemoore Inc.

Address
1 First Canadian Place
Suite 3700
Toronto, ON
M5X 1C9

Contact Info
Telephone: 416-306-5770
Toll Free: 1-877-289-5673
Fax: 416-664-8801
Email:
Website: http://www.castlemoore.com


Date Signal Chart Symbol Company Opinion Price
2017-09-21 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market.The last time he was on Market Call Tonight, he commented that he was starting to see a shift in the market structure. About 4-5 months ago, he really saw the nascent change in structure, where utilities, defences, etc. started to get a little weaker. They’ve had a little bounce up, but the big thing that has happened is a really big shift technically, that was really confirmed about 2 months ago. We now have a harmony of developed global central banks that are now talking about either raising rates, reducing stimulus, or some version of that. That is matching up with the fundamentals of the macro picture that is matching up with the technical picture which started a few months ago, and got much stronger at the end of August. The data has been a little soft lately and inflation is not really showing a sting. He suspects it is not going to, but the bankers job is to anticipate. One of the Fed governors indicated that what they had done over the last few years really hasn’t worked. The real economy has not significantly changed. We don’t have company spending. Capital spending is one of the biggest tells, that all this stuff has not worked. Experiment #1 is over, and thinks we are now into Experiment #2, that if they start to raise interest rates, it will send a message to corporations and investors, you don’t make your numbers by low costs to do your “buybacks”, you are going to have to start to assume risks. He is worried about the rally which people think is going to be quite strong. As we move into late Q1 and into mid-Q2 of 2018, where we are going to have enough time to see what has happened with these higher rates, he is really bullish on this sort intermediate term view, but suspects that the 2nd experiment might have to have some adjustments along the way.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
_N/A
2017-09-21 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Crude Oil?Chart shows a bottom made in early 2016, followed by a little bit of a higher bottom in mid-2017. The next thing he is looking for is $60, which will be the next place we have resistance. As an investor, if you ever want to know about the price of a commodity, the best thing to do is to look at the price of the producers as an indication of what is going to happen to the commodities. In the case of energy, you would look at the energy stocks to see where oil would go, and, for example, in the case of gold, you would look at gold stocks to give you a bit of a tell to show where gold might go. The consensus is that oil will be between $50 and $60.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
_N/A
2017-09-21 COMMENT Must be logged in to use chart ACAD-Q Acadia Pharmaceuticals Inc.

There has been a little volatility. The long-term moving average is going up nicely from early 2016. In 2015, it got a little overextended, which can happen from time to time. Chart shows a long downtrend line which was recently broken. The biotech sector is the right space. He believes, on a fundamental basis, that we are just scratching the surface on what biotech is going to do and how it is going to change humanity. Believes it will be a game changer. This name looks like it is breaking out. A little steep right now, but looks like it wants to go much higher and hit around $60.


Price:
$37.630
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2017-09-21 COMMENT Must be logged in to use chart AMC-N AMC Entertainment Holdings Inc.

He would have liked to have seen this hold its low at the end of 2016, but it didn’t. A lot of indicators show this as oversold. Consumer cyclicals don’t show a strong relative performance. Consumer defences, consumer staples and consumer cyclicals are not showing as strong as some of the financials, energy, etc.


Price:
$15.800
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2017-09-21 COMMENT Must be logged in to use chart APH-T Aphria Inc

The sector got a little soft recently. Chart is showing a nice upward trend line from early 2016, followed by some pretty big volatility ranging from $8 down to $4.50. It has broken up through its downtrend recently. The 1st place he would look at is resistance of around $6.50, which is probably not going to be until the peak of around the current level of about $6.60. He would like to see some volume above $6.61.


Price:
$6.610
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
No
2017-09-21 PAST TOP PICK Must be logged in to use chart BAX-N Baxter International Inc

(A Top Pick June 30/16. Up 42%.) He still likes this. Healthcare is one of the few sectors, if you can deal with the volatility, that is in a secular bull market that began in 2012. He still likes this today, and it is still a Buy.


Price:
$63.380
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2017-09-21 COMMENT Must be logged in to use chart BRK.B-N Berkshire Hathaway Inc. (B)

Not cheap, but when looking at the chart there is a pretty nice trend line. There was a little volatility earlier this year when at $180, and then it dropped to about $158. However, the chart shows a nice upward trend line after forming a cup and handle in mid-2016. Thinks there is going to be somewhat of a bias to value stocks, although they might be acting like growth stocks. Look over the next 10-15 days and pick your spot. Anywhere between $185 and $179 is probably safe if you are a long-term investor, and will do quite well over the next 6-8 months.


Price:
$183.160
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2017-09-21 COMMENT Must be logged in to use chart BUS-X Grande West Transportation Group

Basically all the action this year is base building. There is probably going to be some resistance at around $3 up to $3.50. Chart shows a long base that it broke out of in 2016. You can look at the chart as being a bull flag. You are probably looking at something just south of $4-$4.05.


Price:
$2.610
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2017-09-21 HOLD Must be logged in to use chart EMA-T Emera Inc

In line with what he had talked about earlier on, with rotation in defences, he can see this sort of started back in the spring. It hasn’t broken down terribly. If you have a nice profit, maybe you want to take some off the table. It is probably going to want to migrate back to $43. Not a huge move and you get a nice dividend on this. As we move throughout the year, the pro-growth themes will start to get a little long in the tooth, and people may start to re-evaluate what is going on. This would be the exact kind of name he would be looking at as we move through the winter and into the new year, and asking if this was a good price. $42-$43 would be where he would be most interested. You shouldn’t sell this now.


Price:
$46.490
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2017-09-21 PAST TOP PICK Must be logged in to use chart FFH-T Fairfax Financial

(A Top Pick June 30/16. Down 7%.) He still loves this name and thinks it will do quite well. Interest rates going up is really good for financials.


Price:
$635.380
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2017-09-21 TOP PICK Must be logged in to use chart IBB-Q iShares Nasdaq BioTech ETF

This is a long-term theme. We are going to have a little bit of resistance at his initial target of $3.90. (Chart actually shows around $380. Did he misspeak? - Bill) There is some volatility with some pretty big swings.


Price:
$331.270
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2017-09-21 PAST TOP PICK Must be logged in to use chart IYZ-N iShares Trust Dow Jones U.S. Telecom Sector Fund

(A Top Pick June 30/16. Down 5%.) His return was almost 18%. Sold it in early February this year. If you still, he probably would not be looking to Sell today, but would be looking to buy it in the next 4-5 months. Has a pretty good yield.


Price:
$30.500
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
No
2017-09-21 PARTIAL BUY Must be logged in to use chart PCLN-Q Priceline.com Inc.

Got a little weak. In early August, it made a new high and then came back down. It has a moving average at around $1735, which would be a base. It would probably line up with the bottoms of the last several months. If buying for new clients today, he would not take a full position. He would rather pay a little more, and wait for it surge to around $1940 to get a full position. A well-run company that is well followed on the street.


Price:
$1866.350
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2017-09-21 DON'T BUY Must be logged in to use chart PHM-X Patient Home Monitoring

This seems to have been stuck in the $0.25-$0.50 netherworld for the last 3-4 months. It has been banging into a kind of moving average. Chart shows a huge base, and if it ever got its act together, it would probably get a lot of attention. A 1-year chart shows it bottomed at around $0.13-$0.14 followed by a little break out, a little resistance and a slowly falling trend line. Until it got above $0.50, he would not be interested. Being a Venture stock, it is probably very susceptible to news.


Price:
$0.310
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
No
2017-09-21 COMMENT Must be logged in to use chart PXT-T Parex Resources Inc.

Chart shows a downward channel from earlier this year. Expects the whole commodity complex, anything to do with commodities, to do quite well. However this one is not showing initial strength like the rest of them. There is a move from the end of August at around $12 to the current price of $14.86. If you can get this at about $15, you might be happy. This has not been good compared to some of the other names.


Price:
$14.860
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
No
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