Stock Opinions by Hap (Robert) Sneddon FCSI - Stockchase Experts
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Hap (Robert) Sneddon FCSI @

On Stockchase since : Jan 2007

Chief Portfolio Manager & Founder at Castlemoore Inc.

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T: 416-306-5770www.castlemoore.com

Hap (Robert) Sneddon FCSI Latest Top Picks...

Stock Opinions by Hap (Robert) Sneddon FCSI - Stockchase Experts

Signal Opinion Expert Chart
BUY on WEAKNESS
Anthem Inc(ANTM-N) 

November 12, 2018

Really nice uptrend since bottoming in mid-2016. Now it's a little overbought, but healthcare is a favoured area of his because it enjoys a secular, long-term bull market. Can't say if it'll fall to $260. A good long-term buy.
medical services
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Really nice uptrend since bottoming in mid-2016. Now it's a little overbought, but healthcare is a favoured area of his because it enjoys a secular, long-term bull market. Can't say if it'll fall to $260. A good long-term buy.
medical services
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$282.670
Owned Owned
Unknown

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COMMENT
Royal Nickel Corp (RNX-T) 

November 12, 2018

It's harder to apply technicals to a small-cap stock. They've had a downtrend since 2014, but only recently broke this into a sharp uptrend. You want to see it hold at 60-cents. They need to announce some good news to push the stock up. Technicals can reveal only so much.
Mining
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It's harder to apply technicals to a small-cap stock. They've had a downtrend since 2014, but only recently broke this into a sharp uptrend. You want to see it hold at 60-cents. They need to announce some good news to push the stock up. Technicals can reveal only so much.
Mining
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$0.650
Owned Owned
Unknown

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SPECULATIVE BUY
Trying to build a base around $60-61. There's safety in some energy names. OPEC oil cuts could be a tailwind into the low-$80's.
integrated oils
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Trying to build a base around $60-61. There's safety in some energy names. OPEC oil cuts could be a tailwind into the low-$80's.
integrated oils
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$62.160
Owned Owned
Unknown

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COMMENT
BCE Inc.(BCE-T) 

November 12, 2018

Is it a stock to sit and wait? Telecoms, utilities and consumer discretionaries are usually a good place to park cash when the markets get nervous. In early/mid-2017 he sold his interest rate-sensitives, because interest rates were marching higher. You must be careful with such stocks, because they don't deal well with inflation and rising rates. Doesn't know if BCE's dividend is safe or not.
telephone utilities
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Is it a stock to sit and wait? Telecoms, utilities and consumer discretionaries are usually a good place to park cash when the markets get nervous. In early/mid-2017 he sold his interest rate-sensitives, because interest rates were marching higher. You must be careful with such stocks, because they don't deal well with inflation and rising rates. Doesn't know if BCE's dividend is safe or not.
telephone utilities
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$54.200
Owned Owned
Unknown

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PAST TOP PICK
(A Top Pick Dec 04/17, Down 9%) Still likes it and still holds it. It held on during today's sell-off despite limited volume. He had a place to hang his hat on its December 2018 lows. The risk-to-reward is really good, though it's not an ideal chart. It's coming back at support around $11.50.
E.T.F.'s
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(A Top Pick Dec 04/17, Down 9%) Still likes it and still holds it. It held on during today's sell-off despite limited volume. He had a place to hang his hat on its December 2018 lows. The risk-to-reward is really good, though it's not an ideal chart. It's coming back at support around $11.50.
E.T.F.'s
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$11.440
Owned Owned
Yes

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PAST TOP PICK
Kelt Exploration(KEL-T) 

November 12, 2018

(A Top Pick Dec 04/17, Down 31%) Well-run company. He sold his shares in May at an 18% profit. When energy rises, he'll pick this up again.
oil/gas
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(A Top Pick Dec 04/17, Down 31%) Well-run company. He sold his shares in May at an 18% profit. When energy rises, he'll pick this up again.
oil/gas
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$5.030
Owned Owned
No

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PAST TOP PICK
Bank of America(BAC-N) 

November 12, 2018

(A Top Pick Dec 04/17, Down 3%) Sold his shares to deploy cash into credit card companies. A re-allocation. But he prefers American banks over Canadian (stronger economy there, more stable, worries of loan losses in Canada).
banks
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(A Top Pick Dec 04/17, Down 3%) Sold his shares to deploy cash into credit card companies. A re-allocation. But he prefers American banks over Canadian (stronger economy there, more stable, worries of loan losses in Canada).
banks
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$27.750
Owned Owned
No

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COMMENT
CitiGroup(C-N) 

November 12, 2018

C-N vs. GS-N He likes American banks. CITI peaked at the start of 2018 and is now drifting lower. Their uptrend from 2016-2018 could repeat. This could fall back to the $60 level of resistance. Goldman (GS-N) has a similar chart, but its drop this year had been more severe. Their support level is strong at $200 (it's been testing many times). GS-N is less risky.
insurance
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C-N vs. GS-N He likes American banks. CITI peaked at the start of 2018 and is now drifting lower. Their uptrend from 2016-2018 could repeat. This could fall back to the $60 level of resistance. Goldman (GS-N) has a similar chart, but its drop this year had been more severe. Their support level is strong at $200 (it's been testing many times). GS-N is less risky.
insurance
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$64.210
Owned Owned
Unknown

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BUY
Goldman Sachs(GS-N) 

November 12, 2018

C-N vs GS-N He likes American banks. CITI peaked at the start of 2018 and is now drifting lower. Their uptrend from 2016-2018 could repeat. This could fall back to the $60 level of resistance. Goldman (GS-N) has a similar chart, but its drop this year had been more severe. Their support level is strong at $200 (it's been tested many times). GS-N is less risky.
investment companies/funds
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C-N vs GS-N He likes American banks. CITI peaked at the start of 2018 and is now drifting lower. Their uptrend from 2016-2018 could repeat. This could fall back to the $60 level of resistance. Goldman (GS-N) has a similar chart, but its drop this year had been more severe. Their support level is strong at $200 (it's been tested many times). GS-N is less risky.
investment companies/funds
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$206.050
Owned Owned
Unknown

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BUY
Descartes(DSG-T) 

November 12, 2018

A good uptrend since 2014. He's very interested in this. It could drift down to the mid/high-$30's. Trendline isn't broken yet. Now is a good spot to step in. He's actually more concerned about American tech vs. Canadian, but all tech stocks are not for the feint of heart. US tech could be bumpy for another month.
computer software/processing
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A good uptrend since 2014. He's very interested in this. It could drift down to the mid/high-$30's. Trendline isn't broken yet. Now is a good spot to step in. He's actually more concerned about American tech vs. Canadian, but all tech stocks are not for the feint of heart. US tech could be bumpy for another month.
computer software/processing
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$38.360
Owned Owned
No

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BUY
A bunch of peaks and valleys, but the general chart trend is upward. It's good that each peak (and low) is higher than the last. Canadian banks are entering seasonality now. He favours BMO over CIBC though.
banks
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A bunch of peaks and valleys, but the general chart trend is upward. It's good that each peak (and low) is higher than the last. Canadian banks are entering seasonality now. He favours BMO over CIBC though.
banks
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$113.990
Owned Owned
Unknown

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BUY
Bank of Montreal(BMO-T) 

November 12, 2018

Their highs and lows are getting higher, which is good. It's better-run than, say, CIBC. Seasonality is coming for Canadian banks. He expects BMO is hit its $109 high.
banks
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Their highs and lows are getting higher, which is good. It's better-run than, say, CIBC. Seasonality is coming for Canadian banks. He expects BMO is hit its $109 high.
banks
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$98.650
Owned Owned
Unknown

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BUY on WEAKNESS
Support at $85 (from mid-2017). This has been oversold since July after a long uptrend. He's close to buying this. If it doesn't hold at $85, this could fall to $70.
food processing
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Support at $85 (from mid-2017). This has been oversold since July after a long uptrend. He's close to buying this. If it doesn't hold at $85, this could fall to $70.
food processing
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$86.840
Owned Owned
No

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COMMENT
Yamana Gold Inc.(YRI-T) 

November 12, 2018

If we see resolution with the U.S. dollar, gold stocks will go gangbusters. We haven't yet tested 2016 lows of $2, yet. This didn't hold at $3.40 but oversold to $2.70. Good risk-to-reward now. That said, this could fall back to $2. The fate of the USD depends on when overseas repatriation is done, and good news from the China-US trade talks.
precious metals
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If we see resolution with the U.S. dollar, gold stocks will go gangbusters. We haven't yet tested 2016 lows of $2, yet. This didn't hold at $3.40 but oversold to $2.70. Good risk-to-reward now. That said, this could fall back to $2. The fate of the USD depends on when overseas repatriation is done, and good news from the China-US trade talks.
precious metals
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0 comments
Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$2.760
Owned Owned
Unknown

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TOP PICK
Best risk-to-reward in the metal companies. Had $1.5 billion in cash. Trading at 3x enterprise value vs. peers at 5.7x. Its growing copper business will accelerate in the next year as it lowers costs. It's had a good move over the past two years. It's held very well in this space. Seasonality is in its favour, too. It's in a bullish pattern and it will be great if it breaks above $38. (Analysts’ price target is $40.04)
precious metals
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Best risk-to-reward in the metal companies. Had $1.5 billion in cash. Trading at 3x enterprise value vs. peers at 5.7x. Its growing copper business will accelerate in the next year as it lowers costs. It's had a good move over the past two years. It's held very well in this space. Seasonality is in its favour, too. It's in a bullish pattern and it will be great if it breaks above $38. (Analysts’ price target is $40.04)
precious metals
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0 comments
Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$27.290
Owned Owned
Yes

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