VP & Portfolio Manager, Chief Investment Officer at Castlemoore Inc.
Member since: Nov '06 · 1301 Opinions
Other than tech in the U.S. there's been a lot of downturn globally creating a divergence between tech and the rest of the markets.There's been a huge rally driven by tech stocks over the past 16/17 years and the NASDAQ market has been up by about 20% per year since 2009. AI is now in the same situation as the Internet was in 2000. AI now has to advance to the next level and needs something new to do this. It is not unusual to see low volatility for a long time so this does not concern him.
Intel is a tricky stock and we haven't seen the bottom yet which means lots of downside potential. If it gets to $32 you could consider buying.
He is seeing a bottom now at $44 and if it gets below that then sell. He doesn't see a lot of upside, maybe $48. It has issues such as interest rates and debt concerns.
In answer to the question comparing NVIDIA and Micron, he can't tell which one will outperform so you could buy both on a pullback. He considers them more of a trading type of stock. Be careful though - they have high momentum have the potential to be very volatile
In answer to the question comparing NVIDIA and Micron, he can't tell which one will outperform so you could buy both on a pullback. He considers them more of a trading type of stock. Be careful though - they have high momentum have the potential to be very volatile
A lot of REIT's haven't recovered after the 2020 crash. People want 6 to 10% yields. This one has 11 1/2%. It's price has been steady at $17 this year but is now breaking below that creating new lows for the stock. It is technically breaking down. Be selective when buying REIT's.
You can buy this for oil and gas exposure and it should do well with oil trending up. It has been consolidating for the past two years at around $45. Sell if it goes below $40.
It has shown a reversal pattern after multi-year declines. It has pulled back from its recent high and is beginning a new upward trend with a lot of buying coming in, so is a buying opportunity.
Had a big jump this year and is at a good price. It is in a flag formation, consolidating in a tight range. If it dropped below $78 it could go down another $10.
If you want banks now is a good time to buy BMO after its recent drop. It has consolidated at $118 and pays a good dividend which it will probably raise. Sell if it goes below $110.
He doesn't see the same buying coming in as with BCE.. It is making new lows - wait until it is above $23 to buy. Follow the 50 day moving average.
He has a personal position but not a client one. It follows the bond price movement. Interest rates are expected to go down and therefore bond prices to go up. Bonds can't go bankrupt but their upside is limited. They are tied to interest rates and can be used as a hedge.
He bought this at $10 so has made good money. Expects it to go to $20. It has taken on a lot of debt so managing it is important. The chart shows a bottom and now turning up although it is volatile. The 5 year chart shows the price still hasn't recovered from pre-Covid. No dividend.
It has strong growth and dividend. Still likes it.
It had a big slide over two years followed by a big rally from $91 to over $120, followed by a pullback presenting a good buying opportunity. Sell if it goes below $95.