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

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

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COMMENT
Inter Pipeline(IPL-T) 

December 18, 2018

Trading band of $21.50-28.50. It fell to a low of $18 at the start of 2016. He wants to see its low hold around $19. It it hits $21.50, he'd expect a quick jump to the middle of that band. But he doesn't see a catalyst and needs to see if there's be a move in interest rates tomorrow.
oil pipelines
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Trading band of $21.50-28.50. It fell to a low of $18 at the start of 2016. He wants to see its low hold around $19. It it hits $21.50, he'd expect a quick jump to the middle of that band. But he doesn't see a catalyst and needs to see if there's be a move in interest rates tomorrow.
oil pipelines
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$19.820
Owned Owned
Unknown

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WAIT
Precision Drilling(PD-T) 

December 18, 2018

PD has done relatively well, considering the drillers have been hammered in this sell-off. Need to see this hold at $2.80. There's been heavy tax-loss selling in oil. Don't step until January. See if resistance holds.
oil/gas field services
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PD has done relatively well, considering the drillers have been hammered in this sell-off. Need to see this hold at $2.80. There's been heavy tax-loss selling in oil. Don't step until January. See if resistance holds.
oil/gas field services
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$2.380
Owned Owned
Unknown

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TOP PICK
Eli Lilly & Co.(LLY-N) 

December 18, 2018

Broke out over the summer. Healthcare is one of the few sectors that's in a secular bull market, and is even making new highs in the current bull market. LLY tends to beat guidance. They deliver. This trend should continue into 2019. (Analysts’ price target is $114.96)
biotechnology/pharmaceutical
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Broke out over the summer. Healthcare is one of the few sectors that's in a secular bull market, and is even making new highs in the current bull market. LLY tends to beat guidance. They deliver. This trend should continue into 2019. (Analysts’ price target is $114.96)
biotechnology/pharmaceutical
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$106.500
Owned Owned
Yes

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TOP PICK
It made its low last month, which is quite positive. It was down 25% for the year before that. China is the biggest segment in this ETF. The US dollar is rolling over now which will benefit this part of the market, because emerging market debt is priced in USD. He sees 25% upside for this ETF in 2019.
E.T.F.'s
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It made its low last month, which is quite positive. It was down 25% for the year before that. China is the biggest segment in this ETF. The US dollar is rolling over now which will benefit this part of the market, because emerging market debt is priced in USD. He sees 25% upside for this ETF in 2019.
E.T.F.'s
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$25.130
Owned Owned
Yes

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TOP PICK
Great balance sheet. How the US-China trade war resolves will have a huge effect on TECK. If it breaks above $32, then it could revisit $40. Almost $2 billion in free cash flow. Strong upside potential from $40-60 if it breaks through. (Analysts’ price target is $39.86)
precious metals
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Great balance sheet. How the US-China trade war resolves will have a huge effect on TECK. If it breaks above $32, then it could revisit $40. Almost $2 billion in free cash flow. Strong upside potential from $40-60 if it breaks through. (Analysts’ price target is $39.86)
precious metals
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$29.140
Owned Owned
Yes

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COMMENT
General Market Comment 

November 12, 2018

The big sell-off today was caused mainly by the strong U.S. dollar which is inversely correlated to China. Anything not U.S. has been hurt. Since 1946, 12-month returns after the U.S. midterms are 100% positive at an average return of 10.5%. The dollar is dragging markets down as investors flock to it. Also, American companies have been repatriating US dollars in massive amounts since January. There's a massive increase of 7-8 times compared to previous years. Add to these worries over US tariffs on China, which he feels is temporary. Base metals today actually performed well, so he sees this as investors viewing the US-China standoff as a game of chicken that both sides will push to the wire. He feels there'll be a resolution. The market is looking for a place to hang its hat, because the market has been oversold.
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The big sell-off today was caused mainly by the strong U.S. dollar which is inversely correlated to China. Anything not U.S. has been hurt. Since 1946, 12-month returns after the U.S. midterms are 100% positive at an average return of 10.5%. The dollar is dragging markets down as investors flock to it. Also, American companies have been repatriating US dollars in massive amounts since January. There's a massive increase of 7-8 times compared to previous years. Add to these worries over US tariffs on China, which he feels is temporary. Base metals today actually performed well, so he sees this as investors viewing the US-China standoff as a game of chicken that both sides will push to the wire. He feels there'll be a resolution. The market is looking for a place to hang its hat, because the market has been oversold.
Unknown
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$0.000
Owned Owned
Unknown

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DON'T BUY
KP Tissue Inc(KPT-T) 

November 12, 2018

A down trend with resistance at $10. It could move back up, but there's nowhere to hang your hat on this chart. There's no base in the price.
Consumer Products
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A down trend with resistance at $10. It could move back up, but there's nowhere to hang your hat on this chart. There's no base in the price.
Consumer Products
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$7.370
Owned Owned
Unknown

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COMMENT
Johnson & Johnson(JNJ-N) 

November 12, 2018

Avoided today's sell-off. Chart has a fantastic uptrend since 2014, though it's been oversold and overbought in periods. Current price is just below its January peak. This year it has a cup and handle pattern, which is good. It's not testing its January high. JNJ come be a defensive play, or it could go sideways or even drift down.
biotechnology/pharmaceutical
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Avoided today's sell-off. Chart has a fantastic uptrend since 2014, though it's been oversold and overbought in periods. Current price is just below its January peak. This year it has a cup and handle pattern, which is good. It's not testing its January high. JNJ come be a defensive play, or it could go sideways or even drift down.
biotechnology/pharmaceutical
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$145.620
Owned Owned
Unknown

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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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0 comments
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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0 comments
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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0 comments
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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0 comments
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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0 comments
Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$27.750
Owned Owned
No

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