Rating Card

premium

Unlock Expert's Rating and Top Picks Portfolio

Curated by Michael O'Reilly since 2020
1550+ opinions with 4.81 rating (one of the best performing expert)

Latest Top Picks

Stock Opinions by Jeff Parent B. Eng. FCSI CIM

COMMENT
Worrisome technical indicators not cause for despair?

When looking at technical indicators, he's looking at things like overbought/oversold levels. Overbought is bad, as you expect that money to purchase stocks is running out and there's going to be a sell cycle. 

Put/call ratios, breadth indicators are all positive because the markets have been doing very well. But we're getting above historical norms, which means we're ready for a downward cycle. Volatility is very low. When the indicators get beyond their norm, either at a high point or a low point for that specific indicator, expect the market to reverse.

He expects widening breadth, so small- and mid-caps will start soaking up some of the sunshine that large caps have enjoyed, rotation out of bigger caps.

Unknown
COMMENT
Has indexing become a self-fulfilling prophecy with buying the big caps?

Yes, but fundamentals have to drive these things. Look at NVDA, where the stock was doing very well and earnings propelled it even further. That wasn't an index move, it was a fundamental aspect of the company. The money coming in will give you some support, but you still need the fundamental story. Stocks can still go down even after they've been in the top 10-20 of the S&P 500.

Unknown
WATCH
E3 Lithium

Excitement about lithium, but the chart looks bad. Stay away until obvious signs of a turnaround. If already holding, be really careful if it drops below $1.60. Right now it's at $1.92.

0
BUY
Arc Resources Ltd

Looks good. If it can break through current levels, really good potential for a continuation. Right now, it's a Buy. Exit or reduce your position if drops below $21.80.

oil / gas
WATCH

Sideways. 17-18% drop at end of January, small recovery, but now in very tight trading range of $268-290. Support around $260, resistance around $300. Don't buy now. If you own, make a trading/exit/reduce plan and follow it.

transportation equip & components
BUY

Has grown 31%, on average, over the past 10 years. Chart looks really good. A darling. Paused in 2023, seems to be doing that again. Pauses can last 3-6 months. Buy and hold. Loves the business. You'd want to be out around $3400.

computer software / processing
COMMENT
Stop-loss levels.

Typically around 10% below the current stock price. You may want to overlay the 50-day moving average, and use that as an exit strategy as well.

Unknown
DON'T BUY
Telus Corp

Interest-rate sensitivity. Disappointing. Avoid right now. If it starts going up and you want to diversify, you could start building a position, but don't have a lot of expectations until rates start coming down. Not too worried about the dividend. 

Huge red flag if drops below $22.50. If interest rates come down, limited upside potential to $26-27.

telephone utilities
COMMENT
A Comment -- General Comments From an Expert
Yields.

A yield of 4-6% indicates quality. If you find a yield of 15% or more, you probably don't want to touch it. There's something wrong with the pricing and future dividends are questionable.

Typically 4-6% is what the banks offer, and those are good quality, blue chip, buy-and-hold stocks. Utilities like Telus and BCE are in the same category. Some issues with debt in all these companies, and that's a problem in a high-interest environment.

Unknown
BUY
Gibson Energy

Loves the stock and the dividend. Bought it for the dividend. Likes how it's breaking out. Good earnings. Dividend's been increasing by 2 cents a year. Upside-down head-and-shoulders indicates a positive reversal of the stock price. Limited because of the sector.

pipelines
BUY

In the middle of a long-term range. Yesterday's news looked very positive. Good, solid support around $38. Potential to get to $50 before it stalls out, in a 3-6 month timeframe. Get out if drops below $40.

0
BUY
General Electric

Fantastic-looking chart right now, one of the smoothest-looking. Rally here is very good. Volume looks good. No upside resistance, you just have to worry about the downside. When a stock loses momentum, apply the 50-day MA, and start reducing when it touches that. Right now, 50-day MA is $135. Reduce if it hits $138, get out if can't hold above $110. Yield is 0.20%.

electrical / electronic
PAST TOP PICK
(A Top Pick Aug 24/23, Down 12%)

A trade, not buy and hold. Rates were supposed to come down, but they didn't. Use this to participate in upward price movement when yields go down. Highly volatile, can move 4-5% in a day.

0
PAST TOP PICK
Carnival Corp.
(A Top Pick Aug 24/23, Up 2%)

Disclosure: He did go on a cruise and collected a $100 credit as a shareholder. Turnaround situation. Volatile. Building new boats and filling them up. 

Transportation
PAST TOP PICK
Gibson Energy
(A Top Pick Aug 24/23, Up 17%)

Not a growth stock, but loves the dividend. Part of the dividend income element of his portfolio, along with growth and steady-eddys. 

pipelines
Showing 1 to 15 of 1,275 entries