Jeff Parent B. Eng. FCSI CIM
Member since: Nov '06
VP & Portfolio Manager, Chief Investment Officer at
Castlemoore Inc.
Castlemoore Inc.
1160 Opinions
Latest Top Picks
(A Top Pick Aug 08/18, Down 47%) He sold and minimized his losses and kept the money in cash. He always uses stops. Don't buy it now.
(A Top Pick Aug 08/18, Down 54%) He sold last fall around low-$40's so didn't suffer the drop to the low-$20's (where this stock is now).
(A Top Pick Aug 08/18, Down 55%) All energy stocks have gone down, but he's buying them now as they bottom. He sold this before it really plunged.
Good dividend and fine chart. Exit if it falls below $16.40. He likes where this going. The chart isn't effected by anything in the world, and utilities have been doing well. This could fall back to low-$16's, but the trend should continue up, growing a lot more. (Analysts’ price target is $17.97)
It's consolidating. You can hold all the Canadian banks and reduce risk on individual banks, which have been deeply oversold in Canada. This can gain $2-3 before year-end, and it pays a 4% dividend. Sell below $26.80.
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Your ReactionSignal
Opinion
Expert
Chart
COMMENT
COMMENT
August 19, 2019
Clients are happy they're making money now. Shopify is doing well for him, though the FAANGs aren't right now. Yield inversions and the China-US trade war are confusing investors. We're not close to a recession. Over 20 years, the chart looks normal. US housing sales are losing momentum, but it's not out of the ordinary. Don't buy ETF's but individual stocks in the U.S.
Clients are happy they're making money now. Shopify is doing well for him, though the FAANGs aren't right now. Yield inversions and the China-US trade war are confusing investors. We're not close to a recession. Over 20 years, the chart looks normal. US housing sales are losing momentum, but it's not out of the ordinary. Don't buy ETF's but individual stocks in the U.S.
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
SELL
SELL
August 19, 2019
The chart looks horrible, but volume is starting to flow. 80% of investors have lost money here in the past two years. It hasn't found a bottom. It's slid from $15 to $11.83. Don't even look at it, unless it rises above $12.50. Sell, if you haven't already. Minimize your losses.
The chart looks horrible, but volume is starting to flow. 80% of investors have lost money here in the past two years. It hasn't found a bottom. It's slid from $15 to $11.83. Don't even look at it, unless it rises above $12.50. Sell, if you haven't already. Minimize your losses.
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
$11.830
Unknown
BUY
BUY
August 19, 2019
The chart is fine, bouncing above $55 in May/June and moving up. Fundamentals rank high, too. Get out if it falls below $55, but he expects it to rise above $65.
The chart is fine, bouncing above $55 in May/June and moving up. Fundamentals rank high, too. Get out if it falls below $55, but he expects it to rise above $65.
specialty stores
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
$61.390
Unknown
DON'T BUY
DON'T BUY
August 19, 2019
Pays a 4.4% dividend, but it's volatile so don't focus on the dividend. He traded this recently, selling it to buy CPG-T which has hit a bottom. $36 is a stop and $41 is a top. In a given year, SU will rise only a few percentage points, whereas other oil stocks like CPG-T will leap several dollars on good news.
Pays a 4.4% dividend, but it's volatile so don't focus on the dividend. He traded this recently, selling it to buy CPG-T which has hit a bottom. $36 is a stop and $41 is a top. In a given year, SU will rise only a few percentage points, whereas other oil stocks like CPG-T will leap several dollars on good news.
integrated oils
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
$38.080
No
BUY
BUY
August 19, 2019
He sold Suncor to buy this recently. It is hitting bottom. He bought it around $3.80, because it can jump to $5 quickly on positive news.
He sold Suncor to buy this recently. It is hitting bottom. He bought it around $3.80, because it can jump to $5 quickly on positive news.
oil/gas
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
$4.100
Yes
BUY
BUY
August 19, 2019
A great turnaround story. Big recovery with a solid business plan. This will return to the $30's soon. He's been watching it for a long time. Fundamentals score high, too. No, it's not a bank equivalent. It's unique. Exit at $21. Should hit $29 by the end of the year.
A great turnaround story. Big recovery with a solid business plan. This will return to the $30's soon. He's been watching it for a long time. Fundamentals score high, too. No, it's not a bank equivalent. It's unique. Exit at $21. Should hit $29 by the end of the year.
investment companies/funds
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
$24.940
Unknown
COMMENT
COMMENT
August 19, 2019
Negative bond yields worry him, and predicts a crash. The markets are much different and complicated than investors realize. There's a lot of U.S. debt and monetary fiscal policy at play. He doesn't believe that things will far apart like this.
Negative bond yields worry him, and predicts a crash. The markets are much different and complicated than investors realize. There's a lot of U.S. debt and monetary fiscal policy at play. He doesn't believe that things will far apart like this.
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
PAST TOP PICK
PAST TOP PICK
August 19, 2019
(A Top Pick Aug 08/18, Down 47%) He sold and minimized his losses and kept the money in cash. He always uses stops. Don't buy it now.
(A Top Pick Aug 08/18, Down 47%) He sold and minimized his losses and kept the money in cash. He always uses stops. Don't buy it now.
Automotive
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
$25.470
No
PAST TOP PICK
PAST TOP PICK
August 19, 2019
(A Top Pick Aug 08/18, Down 54%) He sold last fall around low-$40's so didn't suffer the drop to the low-$20's (where this stock is now).
(A Top Pick Aug 08/18, Down 54%) He sold last fall around low-$40's so didn't suffer the drop to the low-$20's (where this stock is now).
department stores
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
$21.210
No
PAST TOP PICK
PAST TOP PICK
August 19, 2019
(A Top Pick Aug 08/18, Down 55%) All energy stocks have gone down, but he's buying them now as they bottom. He sold this before it really plunged.
(A Top Pick Aug 08/18, Down 55%) All energy stocks have gone down, but he's buying them now as they bottom. He sold this before it really plunged.
Energy
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
$7.280
No
BUY
BUY
August 19, 2019
His biggest holding and it's serving him well at a 200% gain. It's gone through some weird consolidating and wild prices. It's the best-performing stock now by many metrics. Though nerve-wracking, you can still buy it now. Yes, it can go down, like in June by 9%. But don't think it'll be the next Google. A buy signal, but you can also sell it now.
His biggest holding and it's serving him well at a 200% gain. It's gone through some weird consolidating and wild prices. It's the best-performing stock now by many metrics. Though nerve-wracking, you can still buy it now. Yes, it can go down, like in June by 9%. But don't think it'll be the next Google. A buy signal, but you can also sell it now.
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
$481.620
Yes
BUY WEAKNESS
BUY WEAKNESS
August 19, 2019
vs. Visa Pretty similar charts. MA is a big holding of his, and it recently hit an all-time high. Reduce at $267 and exit at $241. Short-term resistance at $283. This could be $300-400 next year. Buy the dips.
vs. Visa Pretty similar charts. MA is a big holding of his, and it recently hit an all-time high. Reduce at $267 and exit at $241. Short-term resistance at $283. This could be $300-400 next year. Buy the dips.
other services
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
$278.070
Yes
SELL
SELL
August 19, 2019
It was consolidating for a while. Everyone has lost money on this. There's some volume now and is bouncing back slightly. Not enough buyers are coming in. It''s been in free-fall since $11. It isn't recovering. Bite the bullet and sell at a loss. Buy a small position if this returns to $10.
It was consolidating for a while. Everyone has lost money on this. There's some volume now and is bouncing back slightly. Not enough buyers are coming in. It''s been in free-fall since $11. It isn't recovering. Bite the bullet and sell at a loss. Buy a small position if this returns to $10.
investment companies/funds
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
$9.420
Unknown
BUY
BUY
August 19, 2019
The banks are deeply oversold no.w Banks and the energy stocks will drive the TSX in the next few months. Exit at $72.50.
The banks are deeply oversold no.w Banks and the energy stocks will drive the TSX in the next few months. Exit at $72.50.
banks
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
$73.120
Yes
BUY
BUY
August 19, 2019
He doesn't like gold, because it's too volatile. CG has good volume, but be careful if this falls below $11--at that point, sell. The overall trend is positive.
He doesn't like gold, because it's too volatile. CG has good volume, but be careful if this falls below $11--at that point, sell. The overall trend is positive.
precious metals
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
$11.600
Unknown
Comments
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