Jeff Parent B. Eng. FCSI CIM
Member since: Nov '06
VP & Portfolio Manager, Chief Investment Officer at
Castlemoore Inc.
Castlemoore Inc.
1208 Opinions
Latest Top Picks
He holds it personally and for his clients. He got in at $26.17. He was looking for 5G stocks and the chart looked good. A fairly recent purchase. If it break out above $28, it could go as high as $35. (Analysts’ price target is $29.33)
It pays a good dividend. Yield of 5.31%. It's found a nice base and it's broken out well. If it falls below $55, he would get out. As a utility type company, it is the one dividend paying stock he would own. (Analysts’ price target is $63.35)
Missed on earnings in October. He doesn't own it quite yet. It's a good stock that still owns the sector and brings in customers. A defensive stock. If it goes below $191, he would get out. He's looking to buy this in the next couple weeks. (Analysts’ price target is $222.63)
(A Top Pick Jan 04/19, Up 17%) It was a low point when he recommended it. He switched out of this for VGT, a Vanguard IT ETF. It's more on the hardware than software side. He thinks there are other sections of tech other than internet that could grow this year.
(A Top Pick Jan 04/19, Up 37%) He recommended it at a low point last year. Today, it moved well. He strictly trades this stock and is not in it right now. However, he has made 30%-50% trading it in the past. He's getting his feet back into energy but he would prefer other names.
Signal
Opinion
Expert
Chart
TOP PICK
TOP PICK
January 3, 2020
He holds it personally and for his clients. He got in at $26.17. He was looking for 5G stocks and the chart looked good. A fairly recent purchase. If it break out above $28, it could go as high as $35. (Analysts’ price target is $29.33)
Show full opinionHide full opinion
He holds it personally and for his clients. He got in at $26.17. He was looking for 5G stocks and the chart looked good. A fairly recent purchase. If it break out above $28, it could go as high as $35. (Analysts’ price target is $29.33)
electrical/electronic
TOP PICK
TOP PICK
January 3, 2020
It pays a good dividend. Yield of 5.31%. It's found a nice base and it's broken out well. If it falls below $55, he would get out. As a utility type company, it is the one dividend paying stock he would own. (Analysts’ price target is $63.35)
Show full opinionHide full opinionIt pays a good dividend. Yield of 5.31%. It's found a nice base and it's broken out well. If it falls below $55, he would get out. As a utility type company, it is the one dividend paying stock he would own. (Analysts’ price target is $63.35)
telephone utilities
TOP PICK
TOP PICK
January 3, 2020
Missed on earnings in October. He doesn't own it quite yet. It's a good stock that still owns the sector and brings in customers. A defensive stock. If it goes below $191, he would get out. He's looking to buy this in the next couple weeks. (Analysts’ price target is $222.63)
Show full opinionHide full opinionMissed on earnings in October. He doesn't own it quite yet. It's a good stock that still owns the sector and brings in customers. A defensive stock. If it goes below $191, he would get out. He's looking to buy this in the next couple weeks. (Analysts’ price target is $222.63)
food services
PAST TOP PICK
PAST TOP PICK
January 3, 2020
(A Top Pick Jan 04/19, Up 17%) It was a low point when he recommended it. He switched out of this for VGT, a Vanguard IT ETF. It's more on the hardware than software side. He thinks there are other sections of tech other than internet that could grow this year.
(A Top Pick Jan 04/19, Up 17%) It was a low point when he recommended it. He switched out of this for VGT, a Vanguard IT ETF. It's more on the hardware than software side. He thinks there are other sections of tech other than internet that could grow this year.
E.T.F.'s
PAST TOP PICK
PAST TOP PICK
January 3, 2020
(A Top Pick Jan 04/19, Up 37%) He recommended it at a low point last year. Today, it moved well. He strictly trades this stock and is not in it right now. However, he has made 30%-50% trading it in the past. He's getting his feet back into energy but he would prefer other names.
Show full opinionHide full opinion(A Top Pick Jan 04/19, Up 37%) He recommended it at a low point last year. Today, it moved well. He strictly trades this stock and is not in it right now. However, he has made 30%-50% trading it in the past. He's getting his feet back into energy but he would prefer other names.
oil/gas
PAST TOP PICK
PAST TOP PICK
January 3, 2020
(A Top Pick Jan 04/19, Up 156%) He didn't buy this when he recommended it. He was waiting for a good entry point. An amazing turnaround story. The CEO is brilliant, working on making a higher margin business with CPUs. They are making a lot of money with their new offerings and adding market share. He would consider buying this on weakness.
Show full opinionHide full opinion(A Top Pick Jan 04/19, Up 156%) He didn't buy this when he recommended it. He was waiting for a good entry point. An amazing turnaround story. The CEO is brilliant, working on making a higher margin business with CPUs. They are making a lot of money with their new offerings and adding market share. He would consider buying this on weakness.
electrical/electronic
COMMENT
COMMENT
January 3, 2020
He's expecting a bullish 2020. With high-tech stocks, you could have made around 3-%-40% return for 2019. The results aligns with technical analysis. The economy is doing quite well. There are geopolitical events that flairs up now and then. However, S&P500 is still doing fine.
Show full opinionHide full opinionHe's expecting a bullish 2020. With high-tech stocks, you could have made around 3-%-40% return for 2019. The results aligns with technical analysis. The economy is doing quite well. There are geopolitical events that flairs up now and then. However, S&P500 is still doing fine.
COMMENT
COMMENT
January 3, 2020
Generally, the market returns around 8% on average per year. Tech hardware stocks could grow. However, the banks in Canada have struggled. With the dividend, it's alright but he is underweight in banks right now.
Show full opinionHide full opinionGenerally, the market returns around 8% on average per year. Tech hardware stocks could grow. However, the banks in Canada have struggled. With the dividend, it's alright but he is underweight in banks right now.
COMMENT
COMMENT
January 3, 2020
The energy sector seems to have more momentum now. You definitely want to be in oil, natural gas and service side. He's trying to find a bottom right now. It's poor looking right now, but there are still companies that are multi billion dollar companies that will bounce back.
Show full opinionHide full opinionThe energy sector seems to have more momentum now. You definitely want to be in oil, natural gas and service side. He's trying to find a bottom right now. It's poor looking right now, but there are still companies that are multi billion dollar companies that will bounce back.
WEAK BUY
WEAK BUY
January 3, 2020
He would have to look closer at the high dividend and where it's coming from. If it falls below $19, he would get out since that is the bottom. It has good volume and gets picked up when it falls, like in November. You could buy it right now. If it were to go up, it could go to $25 in the short term. It was trading at $50 a year ago. He would consider this for its strong base.
Show full opinionHide full opinionHe would have to look closer at the high dividend and where it's coming from. If it falls below $19, he would get out since that is the bottom. It has good volume and gets picked up when it falls, like in November. You could buy it right now. If it were to go up, it could go to $25 in the short term. It was trading at $50 a year ago. He would consider this for its strong base.
oil/gas
BUY
BUY
January 3, 2020
Fundamentally, it looks very solid. It's the largest company in the US. For it to go up 50%, it's hard to say where it will go next. He would use a tight stop at $30 below the price now, and take that risk. If you want to keep up with the S&P500, you need apple in your portfolio.
Show full opinionHide full opinionFundamentally, it looks very solid. It's the largest company in the US. For it to go up 50%, it's hard to say where it will go next. He would use a tight stop at $30 below the price now, and take that risk. If you want to keep up with the S&P500, you need apple in your portfolio.
electrical/electronic
DON'T BUY
DON'T BUY
January 3, 2020
It looks like it's broken out and could go up to $130. He would look into it more on the fundamental side though. Sometimes, companies finds a footing and then loses it, like Blackberry. He would personally stay away from it.
It looks like it's broken out and could go up to $130. He would look into it more on the fundamental side though. Sometimes, companies finds a footing and then loses it, like Blackberry. He would personally stay away from it.
other services
WATCH
WATCH
January 3, 2020
There's a big fall in July from $1.38 to $.82. A huge drop of 43%. It bottomed out at $.60 and then moved back to above $1.00. A very volatile stock. It doesn't looks good below $.80.
Show full opinionHide full opinionThere's a big fall in July from $1.38 to $.82. A huge drop of 43%. It bottomed out at $.60 and then moved back to above $1.00. A very volatile stock. It doesn't looks good below $.80.
precious metals
HOLD
HOLD
January 3, 2020
It looks good. There is an upward sloping consolidation. He wouldn't add to a position right now. There are other companies that have better looking charts. From a technical perspective, it's not too exciting for him.
Show full opinionHide full opinionIt looks good. There is an upward sloping consolidation. He wouldn't add to a position right now. There are other companies that have better looking charts. From a technical perspective, it's not too exciting for him.
DON'T BUY
DON'T BUY
January 3, 2020
Not a longterm buy-and-hold. It is a trading stock. He would avoid this right now. It's finding a bottom but it looks like it'll stay around where it is right now. There are other resource stocks that have a better base.
Show full opinionHide full opinionNot a longterm buy-and-hold. It is a trading stock. He would avoid this right now. It's finding a bottom but it looks like it'll stay around where it is right now. There are other resource stocks that have a better base.
Mining
DON'T BUY
DON'T BUY
January 3, 2020
The chart shows a stuck pattern. It's trading in a range from $11.50 - $12.50. Make sure to get out if it goes below $11.00. The demand-supply for this stock is very tricky. It's been on a downward trajectory from $50 for the last couple decades.
Show full opinionHide full opinionThe chart shows a stuck pattern. It's trading in a range from $11.50 - $12.50. Make sure to get out if it goes below $11.00. The demand-supply for this stock is very tricky. It's been on a downward trajectory from $50 for the last couple decades.
integrated mines
DON'T BUY
DON'T BUY
January 3, 2020
The big jumps are always news related. However, there is quite a few gains and loses over a short period. The price is sensitive to news and it could fall quickly too. If you buy it, get out before $19.
Show full opinionHide full opinionThe big jumps are always news related. However, there is quite a few gains and loses over a short period. The price is sensitive to news and it could fall quickly too. If you buy it, get out before $19.
BUY
BUY
January 3, 2020
The stock has been doing very well. The long term chart looks good. It broke new highs in mid-December. If it falls below $315, the market could start reconsidering the value.
Show full opinionHide full opinionThe stock has been doing very well. The long term chart looks good. It broke new highs in mid-December. If it falls below $315, the market could start reconsidering the value.
computer software/processing
DON'T BUY
DON'T BUY
January 3, 2020
He does not like Chinese stocks for various reasons. The chart looks pretty good though. He would just stay away from Chinese stocks though.
Show full opinionHide full opinionHe does not like Chinese stocks for various reasons. The chart looks pretty good though. He would just stay away from Chinese stocks though.
BUY
BUY
January 3, 2020
It's one of the best looking bank stock. It looks more like an insurance stock. A nice 50% increase from the bottom with a good dividend. There could be more upside looking at the chart pattern. Not a very volatile stock.
Show full opinionHide full opinionIt's one of the best looking bank stock. It looks more like an insurance stock. A nice 50% increase from the bottom with a good dividend. There could be more upside looking at the chart pattern. Not a very volatile stock.
banks
SPECULATIVE BUY
SPECULATIVE BUY
January 3, 2020
The chart looks good with nice volume. It's been trading sideways for a while. It looks like it's starting to fill in the drop that it has. It looks like it could go up $.20-$.30 with a stop-loss at $1.10.
Show full opinionHide full opinionThe chart looks good with nice volume. It's been trading sideways for a while. It looks like it's starting to fill in the drop that it has. It looks like it could go up $.20-$.30 with a stop-loss at $1.10.
metal fabricators
COMMENT
COMMENT
November 8, 2019
Record highs in the S&P500. TSX is also very close to hitting all time highs. People are buying because markets are going up. There are some concerns that the markets are going to fall down again. However, the breakout we’ve seen this month is distinctive as we are breaking above new levels.
Show full opinionHide full opinionRecord highs in the S&P500. TSX is also very close to hitting all time highs. People are buying because markets are going up. There are some concerns that the markets are going to fall down again. However, the breakout we’ve seen this month is distinctive as we are breaking above new levels.
COMMENT
COMMENT
November 8, 2019
Half of the gain this year is a recovery from last year. We’re up 2-4% annualized, depending on which market you look at, so there is still lots of volatility.
Show full opinionHide full opinionHalf of the gain this year is a recovery from last year. We’re up 2-4% annualized, depending on which market you look at, so there is still lots of volatility.
COMMENT
COMMENT
November 8, 2019
Right now, compared to 2 years ago, it’s been steady so you definitely have to trade to get good performance.
Show full opinionHide full opinionRight now, compared to 2 years ago, it’s been steady so you definitely have to trade to get good performance.
BUY
BUY
November 8, 2019
If it can continue on volume, it looks very positive. It has built a nice base and it’s worthy of a buy. Support should be around $27. He would aim for the 100 day moving average.
Show full opinionHide full opinionIf it can continue on volume, it looks very positive. It has built a nice base and it’s worthy of a buy. Support should be around $27. He would aim for the 100 day moving average.
Healthcare
PARTIAL SELL
PARTIAL SELL
November 8, 2019
He recently sold all his position. It’s found a short term bottom. He’s not looking to get back in, since there are better opportunities elsewhere. Some investors are providing support but they seem to fade away and get another round of sellers. Get out if it goes below $61.50.
Show full opinionHide full opinionHe recently sold all his position. It’s found a short term bottom. He’s not looking to get back in, since there are better opportunities elsewhere. Some investors are providing support but they seem to fade away and get another round of sellers. Get out if it goes below $61.50.
entertainment services
COMMENT
COMMENT
November 8, 2019
It’s in a nice uptrend and is coming back to consolidation levels. He would say the exit point is around $13.25. Technically, everything looks good.
Show full opinionHide full opinionIt’s in a nice uptrend and is coming back to consolidation levels. He would say the exit point is around $13.25. Technically, everything looks good.
other services
SELL
SELL
November 8, 2019
There are a lot of components in the energy sector that are weighing them down. The stock came down so much that it’s looking to be more of a bankrupt company than a turnaround story. The stock’s not looking good so be very careful. It could bounce back, or go lower.
Show full opinionHide full opinionThere are a lot of components in the energy sector that are weighing them down. The stock came down so much that it’s looking to be more of a bankrupt company than a turnaround story. The stock’s not looking good so be very careful. It could bounce back, or go lower.
oil/gas
DON'T BUY
DON'T BUY
November 8, 2019
The chart shows that it can go further down. The motion is still down trending. The stock hasn’t been at these levels since ages. Volume is also declining so there will be more sellers in the next few weeks.
Show full opinionHide full opinionThe chart shows that it can go further down. The motion is still down trending. The stock hasn’t been at these levels since ages. Volume is also declining so there will be more sellers in the next few weeks.
other services
COMMENT
COMMENT
November 8, 2019
Moving averages are good to find an exit point. Looking for crossover of several moving averages could indicate its momentum.
Show full opinionHide full opinionMoving averages are good to find an exit point. Looking for crossover of several moving averages could indicate its momentum.
DON'T BUY
DON'T BUY
November 8, 2019
He finds that it’s a weird base so he would look further into it. It’s a copper company. At around .70 cents, he would buy.
Show full opinionHide full opinionHe finds that it’s a weird base so he would look further into it. It’s a copper company. At around .70 cents, he would buy.
precious metals
PAST TOP PICK
PAST TOP PICK
November 8, 2019
(A Top Pick Nov 05/18, Down 18%) He guessed it would go to $80 and it did for a moment. The turnaround in the housing market looked good at the time he recommended it. He did buy it and took a small loss. A good trading stock but wouldn’t be buying it right now.
Show full opinionHide full opinion(A Top Pick Nov 05/18, Down 18%) He guessed it would go to $80 and it did for a moment. The turnaround in the housing market looked good at the time he recommended it. He did buy it and took a small loss. A good trading stock but wouldn’t be buying it right now.
west coast forestry
PAST TOP PICK
PAST TOP PICK
November 8, 2019
(A Top Pick Nov 05/18, Up 30%) The housing market that is robust has helped this company. The trend is nice so you could buy it now even.
Show full opinionHide full opinion(A Top Pick Nov 05/18, Up 30%) The housing market that is robust has helped this company. The trend is nice so you could buy it now even.
misc industrial products
PAST TOP PICK
PAST TOP PICK
November 8, 2019
(A Top Pick Nov 05/18, Up 31%) He’s still bullish on Costco. The chart looks good. It looks expensive but sometimes buying expensive stocks is your best bet.
Show full opinionHide full opinion(A Top Pick Nov 05/18, Up 31%) He’s still bullish on Costco. The chart looks good. It looks expensive but sometimes buying expensive stocks is your best bet.
department stores
BUY
BUY
November 8, 2019
Likes this stock. It’s gone through a lot of cycles but it’s now in a holding pattern. It looks like a pretty good purchase right now. It could probably go up to around $8.30.
Show full opinionHide full opinionLikes this stock. It’s gone through a lot of cycles but it’s now in a holding pattern. It looks like a pretty good purchase right now. It could probably go up to around $8.30.
DON'T BUY
DON'T BUY
November 8, 2019
A poor buy and hold stock. In an almost 10 year range, it’s been quite range-bound. It could go up to $28 quite quickly in the near term. It’s not a high end growth stock but a cyclical stock.
Show full opinionHide full opinionA poor buy and hold stock. In an almost 10 year range, it’s been quite range-bound. It could go up to $28 quite quickly in the near term. It’s not a high end growth stock but a cyclical stock.
wholesale distributors
BUY
BUY
November 8, 2019
A good looking stock that’s breaking out into new territory. They have good volume and they had a big move today. It’s entered a consolidation range and it is looking very positive.
Show full opinionHide full opinionA good looking stock that’s breaking out into new territory. They have good volume and they had a big move today. It’s entered a consolidation range and it is looking very positive.
Transportation & Environmental Services
BUY
BUY
November 8, 2019
It started with a very long decline but it’s found a bottom at $13.50. Volume is pretty good and it looks to be catching up to the markets. It could go up to around $20. If it goes below $19, he would sell.
Show full opinionHide full opinionIt started with a very long decline but it’s found a bottom at $13.50. Volume is pretty good and it looks to be catching up to the markets. It could go up to around $20. If it goes below $19, he would sell.
misc consumer products
COMMENT
COMMENT
November 8, 2019
It’s done quite well this year with a nice pop up. These are generally low risk stocks. He’s concerned about yield since it’s a little lower than others. It’s fairly valued right now.
Show full opinionHide full opinionIt’s done quite well this year with a nice pop up. These are generally low risk stocks. He’s concerned about yield since it’s a little lower than others. It’s fairly valued right now.
property mngmnt/investment
DON'T BUY
DON'T BUY
November 8, 2019
He’s not bullish on it. All oil and gas stocks are showing the same down-ward trend. He doesn’t see a lot of volume so he would avoid this stock. If it drops below $18.50, get out.
Show full opinionHide full opinionHe’s not bullish on it. All oil and gas stocks are showing the same down-ward trend. He doesn’t see a lot of volume so he would avoid this stock. If it drops below $18.50, get out.
Healthcare
BUY
BUY
November 8, 2019
It’s slowly moved up from $28. The pullback is a natural phenomenon after the pop. Lots of volume. He would buy it here.
Show full opinionHide full opinionIt’s slowly moved up from $28. The pullback is a natural phenomenon after the pop. Lots of volume. He would buy it here.
Financial Services
HOLD
HOLD
November 8, 2019
It’s broken through the resistance point. The volume looks pretty good. It’s one of the few stocks he would look into buying. A good short term upside target is $14.50. It’s had a major decline like others in the sector.
Show full opinionHide full opinionIt’s broken through the resistance point. The volume looks pretty good. It’s one of the few stocks he would look into buying. A good short term upside target is $14.50. It’s had a major decline like others in the sector.
oil/gas
SELL
SELL
November 8, 2019
He wouldn’t take a position right now. If he held it, he would sell it right now. Technicals are downward tending. Sometimes technical stocks don’t work for all stocks. There are major red flag. (Analysts’ price target is $1.43)
Show full opinionHide full opinionHe wouldn’t take a position right now. If he held it, he would sell it right now. Technicals are downward tending. Sometimes technical stocks don’t work for all stocks. There are major red flag. (Analysts’ price target is $1.43)
precious metals
BUY WEAKNESS
BUY WEAKNESS
November 8, 2019
The stock looks to be finding support here. He would be very cautious. He sold out around $450 from a technical point. He still has half a position though. It was a good day today so he will probably buy back the stocks he sold.
Show full opinionHide full opinionThe stock looks to be finding support here. He would be very cautious. He sold out around $450 from a technical point. He still has half a position though. It was a good day today so he will probably buy back the stocks he sold.
COMMENT
COMMENT
November 8, 2019
They make pharmaceuticals for pets. The action today looks like it’s breaking down. The volume looks good but there’s been a lot of selling. He would be very cautious.
Show full opinionHide full opinionThey make pharmaceuticals for pets. The action today looks like it’s breaking down. The volume looks good but there’s been a lot of selling. He would be very cautious.
Consumer Products
TOP PICK
TOP PICK
November 8, 2019
The chart looked good and he bought it around $46.50. He would exit if the price falls to his buying price. It’s looking good for the time being and he’s happy with the recent shot up.
Show full opinionHide full opinionThe chart looked good and he bought it around $46.50. He would exit if the price falls to his buying price. It’s looking good for the time being and he’s happy with the recent shot up.
oil/gas pipelines
TOP PICK
TOP PICK
November 8, 2019
The label manufacturer with a nice run over a multi-year period. Lately, it’s been treading low. If it goes below $55, he would sell. He expects it to go higher in the next 6 months. (Analysts’ price target is $69.75)
Show full opinionHide full opinionThe label manufacturer with a nice run over a multi-year period. Lately, it’s been treading low. If it goes below $55, he would sell. He expects it to go higher in the next 6 months. (Analysts’ price target is $69.75)
packaging/containers
TOP PICK
TOP PICK
November 8, 2019
A risky stock that’s driven him nuts. He bought it around $10.96. It’s finally breaking out. Copper stocks could do well although his exit price is around $11 which could move up depending on how it performs. (Analysts’ price target is $15.47)
Show full opinionHide full opinionA risky stock that’s driven him nuts. He bought it around $10.96. It’s finally breaking out. Copper stocks could do well although his exit price is around $11 which could move up depending on how it performs. (Analysts’ price target is $15.47)
integrated mines
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.
Show full opinionHide full opinionClients 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.
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.
Show full opinionHide full opinionThe 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.
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.
Show full opinionHide full opinionThe 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.