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
2017-07-20 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. Everyone is worried that valuations are a little rich. We are in the middle of the earning season right now and investors still seem to be a little undecided. The bullish sentiment has spiked up a little lately. He expects a little pause until next week’s Fed. The growth Index showed it was a little extended in 2000 because of the Dot.Com bubble. This was followed by a housing bubble in 2008. A chart like this doesn’t tell you when to get out or what to invest in. There will be a little pause next week, and then we are going to have a really, really strong bull market in industrials, base metals and energy. Defensive areas such as utilities, bonds and staples should be underweight in a portfolio. As we get later into the period, you want to start to look for repositioning a portfolio, but for now the cyclicals are firing on all cylinders. To protect yourself, make sure you have a ballast between the procyclical defences, and you use stop losses.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
_N/A
2017-07-20 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Crude Oil? Chart shows this has made a little bottom. There is a seasonality that starts in the summer. The good news is, we don’t have to wait too long to figure it out. If we break $45 and move down in July, probably all bets are off, and it will probably go down to $39. In the short term, the upside will probably be $55, but there is a seasonality, so he is expecting it to push.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
_N/A
2017-07-20 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Cdn$? Once we broke 130, which wasn’t that long ago, we could get to 125. Once we get there, you are sort of looking at $.80-$.81. If we have this pro-growth move he is expecting, you are probably going to see the Cdn$ waiting to participate. The caveat is that technicals say we should stop here for a little bit. However, if we get that pro-growth move, he could see it going to $.90 kind of fast, but the Gov. of the Bank of Canada is going to have a conniption.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
_N/A
2017-07-20 TOP PICK Must be logged in to use chart ACN-N Accenture Ltd.

Sort of quasi businesses where you would see some capital spending. They act like the market and have the same beta, but has outperformed the S&P. Chart shows a nice, brilliant trend. They are connected with pretty much every company you could see out there. (Analysts’ price target is $$133.50.)


Price:
$128.540
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
Yes
2017-07-20 TOP PICK Must be logged in to use chart AGF.B-T AGF Management (B)

This sort of fits in with his pro-growth theme. Financials are part of that. This one is a bit unique. Chart shows a long downtrend, which it broke through in April. You also got a signal in June for the longer-term. They didn’t execute very well for the last number of years, and were slow to change. Pays a decent dividend. Thinks there are a lot of tailwinds for this company. (Analysts’ price target is $7.)


Price:
$7.210
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
Yes
2017-07-20 COMMENT Must be logged in to use chart ALA-T Altagas Ltd

This runs between a quasi-utility and sort of a quasi-gas company. The chart shows a really big basing pattern from 2015. They just acquired something, which makes the company a little better, but the trend has gotten a lot tighter in the last little while, which is quite positive. Gas has seasonality, which starts kicking in right now. Anything below $30 on the stock is a really good deal. Dividend yield of 7%.


Price:
$29.640
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
Yes
2017-07-20 PARTIAL SELL Must be logged in to use chart BCB-T Cott Corp

Beginning in May, he started getting rid of a lot of his defensive positions. The chart shows a little weakness in June. He would be selective in this space. If you own it, you’ve had a nice little gain and maybe you should take a little bit off the table. He doesn’t expect a full selloff. This has excellent support at around $16.50.


Price:
$18.510
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
Unknown
2017-07-20 PAST TOP PICK Must be logged in to use chart BCE-T BCE Inc.

(A Top Pick May 26/16. Up 2.52%.) Sort of lost its oomph for him after he had held it for quite a few years. Sold his holdings at around $60. Telcos tend to be on the defensive side of things, but if a good price came up, he would look at this again.


Price:
$58.700
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
No
2017-07-20 COMMENT Must be logged in to use chart CLR-T Clearwater Seafoods Inc.

The chart shows this is staying below the $12 mark. A lot of indicators are sort of flat. Normally, staples do reasonably well during the summer. At worst, this is going to stick around $11.05. Indicators are right around neutral, but are trying to turn up. You want to get it above the resistance of $11.40, and then you can look at the $12 to see if the troops can get enough force to push beyond that.


Price:
$11.200
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
Unknown
2017-07-20 BUY on WEAKNESS Must be logged in to use chart CNR-T Canadian National R.R.

He is looking to buy this. It has come into his model, but he needs a little bit of discretion as to when to pull the trigger. It has seen some short-term support levels at around $106, which brought in a lot more selling down to around $103. If we get the procyclical bump in the market, he would stick around with this. Expects some weakness next week. Seasonality kicks in around September.


Price:
$103.220
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
No
2017-07-20 COMMENT Must be logged in to use chart CP-T Canadian Pacific Rail

He is looking to pick up both Canadian National (CNR-T) and this one. The chart shows a long upward trend from early 2016, and has just started breaking down through the trend line. It is right at the 200-day moving average and there is a lot of resistance there. If we get the procyclical move that he is expecting, then rails should be part of that.


Price:
$204.700
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
Unknown
2017-07-20 COMMENT Must be logged in to use chart HBM-T Hudbay Minerals Inc.

He has taken a basket approach, which includes Lundin (LUN-T), Hudbay, First Quantum (FM-T) and Teck Resources (TECK.B-T). All have a similar looking chart. There is a long-term trend that is kind of breaking. In the short term, it just broke up through another little trend. The longer one will probably keep things encapsulated for a little bit, but it is positive. Has just started taking positions in this whole space. This one looks really good. It won’t have much resistance until he gets around $10.20, and then moves up to $11. If we are going to get a move in the market, all of this space is going to go. (See Top Picks.)


Price:
$8.180
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
Unknown
2017-07-20 COMMENT Must be logged in to use chart LZB-N La-Z-Boy Inc.

Chart shows this is trying to get through its high of December. It has a great little trend underneath that. Has been pretty volatile. Indicators are sort of turning up. This could possibly come back to $28 still, which is where the long-term trend is, but he doesn’t expect that to happen. There is a good level at around $30 you could look at, or you could wait for the breakout above $33. Take a half position, because a lot of times breakouts have to come back to get retested.


Price:
$32.550
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
Unknown
2017-07-20 PAST TOP PICK Must be logged in to use chart MDA-T MacDonald Dettwiler & Assoc.

(A Top Pick May 26/16. Down 21.15%.) Sold this soon after he had been on the show.


Price:
$65.610
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
No
2017-07-20 PAST TOP PICK Must be logged in to use chart PFE-N Pfizer Inc

(A Top Pick May 26/16. Up 1.19%.) This is going to have a bit more of a headwind because Viagra is coming off patent next week. This is a really good space, and it has a seasonality that kicks in, in June. There are probably stronger names than Pfizer.


Price:
$33.540
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
No
Showing 1 to 15 of 1,457 entries
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