Opinions by Hap (Robert) Sneddon FCSI | StockChase
1544
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder

ON STOCKCHASE SINCE Jan 2007

Castlemoore Inc.
1 First Canadian PlaceSuite 3700Toronto, ONM5X 1C9
T: 416-306-5770 F: 416-664-8801 robert@castlemoore.com
www.castlemoore.com

1544
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder

ON STOCKCHASE SINCE Jan 2007

Castlemoore Inc.
1 First Canadian PlaceSuite 3700Toronto, ONM5X 1C9
T: 416-306-5770 F: 416-664-8801 robert@castlemoore.com
www.castlemoore.com


Opinions by Hap (Robert) Sneddon FCSI


Signal Opinion Expert Chart
N/A
General Market Comment 

December 4, 2017

Market. There has been a rotation out of the defensives, but in the last month or so, some have popped back up, but that is just a final rotation before we move down. GDP is looking a little better. Canada’s job numbers are pretty good, although there could be a revision. He sees a pro-growth theme moving through the market with sort of 3 groups including, 1) those involving pro-growth which would be the industrials, 2) energy base metals and financials and 3) on the other side the defensives of utilities, bonds, etc. In the middle, there is healthcare and tech. Under oil, we are sort of capped at $60 on the upside, but what is really encouraging is that on the down days, some of the components of the sector are showing a little strength. He expected some kind of correction on base metals. The 1st salvo came in early July until a month ago, then we had a corrective phase and he expects that sector to be really strong.

Market. There has been a rotation out of the defensives, but in the last month or so, some have popped back up, but that is just a final rotation before we move down. GDP is looking a little better. Canada’s job numbers are pretty good, although there could be a revision. He sees a pro-growth theme moving through the market with sort of 3 groups including, 1) those involving pro-growth which would be the industrials, 2) energy base metals and financials and 3) on the other side the defensives of utilities, bonds, etc. In the middle, there is healthcare and tech. Under oil, we are sort of capped at $60 on the upside, but what is really encouraging is that on the down days, some of the components of the sector are showing a little strength. He expected some kind of correction on base metals. The 1st salvo came in early July until a month ago, then we had a corrective phase and he expects that sector to be really strong.

Unknown
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$0.020
Owned Owned
_N/A

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COMMENT
General Market Comment 

December 4, 2017

Gold? If he were buying one today, it would be Kirkland Lake Gold (KL-T). You want to look at stocks that sell, produce or mine, not the commodity itself. This one has a chart that is nice and upwards, and this is a time that you want to be buying.

Gold? If he were buying one today, it would be Kirkland Lake Gold (KL-T). You want to look at stocks that sell, produce or mine, not the commodity itself. This one has a chart that is nice and upwards, and this is a time that you want to be buying.

Unknown
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$0.020
Owned Owned
Unknown

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PAST TOP PICK
Altagas Ltd(ALA-T) 

December 4, 2017

(A Top Pick Oct 28/16. Down 7%.) He still likes this. The stock had a bottoming process in Aug/Sept. There is some resistance at around $30 which he would like to get above, which would get this back in the $31 range, and then there is not a lot of room before it can get back up to $35. The numbers are starting to look pretty good. They just raised the dividend, so it should be safe. Still a Buy.

oil/gas

(A Top Pick Oct 28/16. Down 7%.) He still likes this. The stock had a bottoming process in Aug/Sept. There is some resistance at around $30 which he would like to get above, which would get this back in the $31 range, and then there is not a lot of room before it can get back up to $35. The numbers are starting to look pretty good. They just raised the dividend, so it should be safe. Still a Buy.

oil/gas
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$29.090
Owned Owned
Yes

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COMMENT

Like the rest of technology, there are indicators starting to turn down. Is the downturn going to crack the uptrend significantly? His guess is that it won’t.

Like the rest of technology, there are indicators starting to turn down. Is the downturn going to crack the uptrend significantly? His guess is that it won’t.

0
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$169.580
Owned Owned
Unknown

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TOP PICK
Bank of America(BAC-N) 

December 4, 2017

$32 is what he sees as an upside. There are some really good drivers for them because they are the money centres and have a lot of levers to pull. (Analysts’ price target is $29.)

banks

$32 is what he sees as an upside. There are some really good drivers for them because they are the money centres and have a lot of levers to pull. (Analysts’ price target is $29.)

banks
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$29.060
Owned Owned
Yes

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COMMENT

This stock looks weak. If you have energy stocks moving up and yours is not one of them, then there is a problem. You don’t want to let this break too much lower from where it’s at. He would like it to stick at around $4.71. There are better places to be. 

oil/gas

This stock looks weak. If you have energy stocks moving up and yours is not one of them, then there is a problem. You don’t want to let this break too much lower from where it’s at. He would like it to stick at around $4.71. There are better places to be. 

oil/gas
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$4.830
Owned Owned
Unknown

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COMMENT

Has had some pretty big swings over the last few years. Currently it’s trying to migrate down to around the $27.10 level. If it broke there, it is probably going to touch the lows of around $26. If it got down there, this is one he would want to acquire at those levels.

REAL ESTATE

Has had some pretty big swings over the last few years. Currently it’s trying to migrate down to around the $27.10 level. If it broke there, it is probably going to touch the lows of around $26. If it got down there, this is one he would want to acquire at those levels.

REAL ESTATE
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$27.600
Owned Owned
Unknown

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COMMENT
CCL Industries (B)(CCL.B-T) 

December 4, 2017

This peaked back in June, and hasn’t regained. It’s been pretty choppy. However, chart shows a nice upward trend. If it broke below that on a longer-term basis, at around $53.50, he would say there is something else there. Indicators are a little weak. The general overall trend is nice and up.

packaging/containers

This peaked back in June, and hasn’t regained. It’s been pretty choppy. However, chart shows a nice upward trend. If it broke below that on a longer-term basis, at around $53.50, he would say there is something else there. Indicators are a little weak. The general overall trend is nice and up.

packaging/containers
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$58.820
Owned Owned
Unknown

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COMMENT
Cameco Corporation(CCO-T) 

December 4, 2017

The price of uranium has been pretty positive, and the stock has sort of caught up with that. It had a washout bottom back in October, followed by a move above its resistance. The last move was pretty big, so it may want to come back and test at around $11.95. Indicators are turning up and everything is positive about it. A tough call, because it is so volatile.

integrated mines

The price of uranium has been pretty positive, and the stock has sort of caught up with that. It had a washout bottom back in October, followed by a move above its resistance. The last move was pretty big, so it may want to come back and test at around $11.95. Indicators are turning up and everything is positive about it. A tough call, because it is so volatile.

integrated mines
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$13.590
Owned Owned
Unknown

Must be logged in to use chart
HOLD

The chart recently shows a nice little upward trend, although small. It has to get through $10 and stay there. If they can do that, there is some clear sailing towards $12.75. If it breaks below $9.37-$9, maybe there is something wrong with the name, but right now the little trend is pretty positive. Dividend yield of 3.8%.

oil/gas

The chart recently shows a nice little upward trend, although small. It has to get through $10 and stay there. If they can do that, there is some clear sailing towards $12.75. If it breaks below $9.37-$9, maybe there is something wrong with the name, but right now the little trend is pretty positive. Dividend yield of 3.8%.

oil/gas
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$9.370
Owned Owned
Unknown

Must be logged in to use chart
HOLD

The line in the sand for him is $142. If it goes below that, there is something wrong with the story. There is some deeper support at around $130. The chart shows a really nice trend and he would stick with this.

specialty stores

The line in the sand for him is $142. If it goes below that, there is something wrong with the story. There is some deeper support at around $130. The chart shows a really nice trend and he would stick with this.

specialty stores
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$162.370
Owned Owned
Unknown

Must be logged in to use chart
COMMENT

Has been in a clear downtrend for quite a while, and is probably not acting as good as the rest of the space. In the last month and a half, there has been a tentative basing pattern. This means there are buyers coming in at these levels. If there is a break around $28-$29, that would indicate there is more downside to come. If it holds in here, you are collecting your dividend and it is probably a pretty good risk/reward. Dividend yield of almost 7%.

oil/gas

Has been in a clear downtrend for quite a while, and is probably not acting as good as the rest of the space. In the last month and a half, there has been a tentative basing pattern. This means there are buyers coming in at these levels. If there is a break around $28-$29, that would indicate there is more downside to come. If it holds in here, you are collecting your dividend and it is probably a pretty good risk/reward. Dividend yield of almost 7%.

oil/gas
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$29.190
Owned Owned
Unknown

Must be logged in to use chart
PAST TOP PICK
Extendicare Inc(EXE-T) 

December 4, 2017

(A Top Pick Oct 28/16. Up 6%.) It had been up much, much higher, but he still likes the name. This is in a really good space for the long-term. Has good support.

other services

(A Top Pick Oct 28/16. Up 6%.) It had been up much, much higher, but he still likes the name. This is in a really good space for the long-term. Has good support.

other services
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$9.270
Owned Owned
Yes

Must be logged in to use chart
COMMENT

He wouldn’t want to be heavily loaded with REITs. He only has one left, and it is commercial with all commercial properties. Be a little cautious over the next year. If it got below $20.21, that indicates there’s something else going on out there and the market doesn’t want to be in real estate anymore.

property mngmnt/investment

He wouldn’t want to be heavily loaded with REITs. He only has one left, and it is commercial with all commercial properties. Be a little cautious over the next year. If it got below $20.21, that indicates there’s something else going on out there and the market doesn’t want to be in real estate anymore.

property mngmnt/investment
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$21.110
Owned Owned
No

Must be logged in to use chart
COMMENT
K-Bro Linen Inc(KBL-T) 

December 4, 2017

Chart shows this has come back to the base of about $40, which was a break out in 2014. If it can get above the last trend line, that would be pretty positive.

other services

Chart shows this has come back to the base of about $40, which was a break out in 2014. If it can get above the last trend line, that would be pretty positive.

other services
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$40.270
Owned Owned
Unknown

Must be logged in to use chart
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