Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder at Castlemoore Inc.
Member since: Jan '07 · 2384 Opinions
Rating Card
Premium content| All | 
Rating
| 
Big Win
| 
Win
| 
Neutral
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Loss
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Big Loss
|  |
|---|---|---|---|---|---|---|---|
| 4.21 | 173 22.15% | 207 26.50% | 134 17.16% | 140 17.93% | 127 16.26% | ||
| 1 Month | 4.34 | 0 0.00% | 58 35.15% | 70 42.42% | 28 16.97% | 9 5.45% | |
| 6 Months | 4.47 | 18 10.78% | 65 38.92% | 25 14.97% | 40 23.95% | 19 11.38% | |
| 12 Months | 2.95 | 34 21.12% | 35 21.74% | 19 11.80% | 40 24.84% | 33 20.50% | |
| 2 Years | 4.54 | 46 30.67% | 33 22.00% | 13 8.67% | 21 14.00% | 37 24.67% | |
| 5 Years | 4.76 | 75 54.35% | 16 11.59% | 7 5.07% | 11 7.97% | 29 21.01% |
Stock Opinions by Hap (Robert) Sneddon FCSI
As a technician he expected this, but you never know what's going to trigger it. It was sort of pre-ordained with the setup through August and September, and then we usually get a low in early October and one late October. Today, the driver is an announcement from a politician.
Thinks this correction will be well bid. So on any weakness, whatever the source (an announcement, bad economic news, geopolitical event), investors are probably going to step back in. Just as in April, the market will probably absorb this and move on, knowing that we're in a period of expected weakness anyway.
We'll need to wait a few more weeks, but we'll probably go through this quickly.
Technicals are very binary and clinical. So the setup is always there, but you don't know what the story is behind them. Trump is a bit of a wild card. But the underlying strength in the market (such as shown by the jobs numbers) means that investors are ready to buy on any weakness.
We've seen this a lot more with the Fed, where they're between a rock and a hard place. It was the last central bank to cut rates. The reason they dragged their feet, unlike Canada (which was one of the first of the G7 to lower rates), was concern that underlying strength of the US economy could come back to bite them.
In Canada, we may be less apt to lower if we see jobs continue to do well and GDP pick back up. If GDP starts to have some upward momentum, it'll put both central banks in a bit of a fix and we may not get those lower rates.
Sector's been pretty hot, one reason being that data centres will need nuclear power. Stock's gone parabolic, which is when he gets concerned. You want to see if this new level of ~$30 holds. Just because it goes parabolic, doesn't mean it has to come back down to trend. Watch over the next few days to see how it absorbs the massive gain.
On a 3-year chart, you can see the massive breakout. Time to employ some money-management techniques, such as selling down (not out of) your position.
Looks good as a longer-term play, but it can be quite volatile. His team is now looking at positions and, for those that have done really well, deciding which ones to clip a bit to bring the position size back in line. Yesterday's pattern suggests further weakness to come, but it's not guaranteed.
He got rid of it due to the choppy chart. Airlines are labour-intensive, subject to strikes, have high fuel costs, sensitive to the economy.
Chart's showing it's neither here nor there. If it broke a bit below where it is now, as part of a longer-term downtrend, could easily see $10 range and you'd be best to sell and redeploy $$ elsewhere. Reasonable dividend.
Whole sector's been decent and looking quite interesting, more room to run than other spaces that have already moved. Energy is very topical relative to AI.
Can see the breakout action on the chart, all pretty positive. Recent low is higher than the last low, gives you a place to hang your hat. The 3-year return is terrible, but there's a big bunch of upside if we can stay above the breakout level. Risk/reward is really good.
Fits and starts, always lots of promise. Good management, but stock never quite delivers. Right now lots of chop on the chart, so the market's trying to hold at current levels of $5.75-6. If it can't hold, will probably head back down to $5.14. A lot of the technical indicators are oversold, but justice is not guaranteed by it going back up.
You have to decide if you want to ride it out or go elsewhere. Healthcare is getting interesting. See his Top Picks.
Didn't bounce back as much as the market from that April low. But now starting to see some interest in the sector. One of the retailers that will probably best take advantage of AI. If it can get above $104 range, pretty positive.
It's a good business, don't try to get too cute with the buy price. Just pick up 2% today, and worry about your remaining 2-3% allocation later. Paying more actually confirms your idea. Never average down.
He'd buy this one today. Agriculture is a long-term theme, and this is one of the best names out there. Will be more volatile than a name like WMT, so perhaps you only want a 3% position total. Buy 1% today, and look for a spot to add.
Always go for quality. You want the best in your portfolio at all times.
Fantastic Canadian tech story. CEO stepped aside on health concerns. Stock was starting to get tired after digesting all those acquisitions, and the CEO announcement was the catalyst for selling.
ake a look at the chart. We didn't want long-term support ~$4400 broken, but it did and went to $3600. Top was $5200. The math works out: 5200-4400=800; and 4400-800=3600. He'd absolutely hold it today for the long term. Buy a bit today, and then be cautious on your remaining position -- see where it goes.
