Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
December 28, 2016

From a fundamental basis, he has seen this space come off a little, and it has come back to a long-term trend line. Right here, this probably offers a very good risk/reward.

From a fundamental basis, he has seen this space come off a little, and it has come back to a long-term trend line. Right here, this probably offers a very good risk/reward.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$11.370
Owned
Unknown
COMMENT
COMMENT
December 28, 2016

This company really relies on interest rates and the direction of the stock market. With those 2 things going in its favour, it is looking pretty positive. In the short term, he took some profits on some of his financials, particularly in the US, and since the election. Some had run up 25%-30% in 3 or 4 weeks. Financials will either flat line from here or go down a little, but as we move through February, we should start to see an uptick. Seasonally in Canada, once they have done reporting in December, they tend to come off a little. This has held pretty well, so he expects any correction is going to be short and sweet. It is after that that he would be concerned.

Manulife Financial (MFC-T)
December 28, 2016

This company really relies on interest rates and the direction of the stock market. With those 2 things going in its favour, it is looking pretty positive. In the short term, he took some profits on some of his financials, particularly in the US, and since the election. Some had run up 25%-30% in 3 or 4 weeks. Financials will either flat line from here or go down a little, but as we move through February, we should start to see an uptick. Seasonally in Canada, once they have done reporting in December, they tend to come off a little. This has held pretty well, so he expects any correction is going to be short and sweet. It is after that that he would be concerned.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$24.160
Owned
Unknown
COMMENT
COMMENT
December 28, 2016

Seasonally, lumber comes to an end in early January. Chart shows the stock made a little bottom at the end of 2015 and early 2016. He is looking to exit his holdings in the sector fairly soon. If you have a profit in this, he would recommend that you take it soon.

Interfor Corp (IFP-T)
December 28, 2016

Seasonally, lumber comes to an end in early January. Chart shows the stock made a little bottom at the end of 2015 and early 2016. He is looking to exit his holdings in the sector fairly soon. If you have a profit in this, he would recommend that you take it soon.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$15.090
Owned
No
WATCH
WATCH
December 28, 2016

This broke out above resistance at around $58, and he is looking for it to come back and test. The upside target would be about $80. Automakers are doing well, and this one has new contracts coming in. You might wait within the month and try to get the best price possible at around $57-$58. It should be a good name for the next 6-8 months.

Magna Int'l. (A) (MG-T)
December 28, 2016

This broke out above resistance at around $58, and he is looking for it to come back and test. The upside target would be about $80. Automakers are doing well, and this one has new contracts coming in. You might wait within the month and try to get the best price possible at around $57-$58. It should be a good name for the next 6-8 months.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$59.090
Owned
No
COMMENT
COMMENT
December 28, 2016

AT&T (T-N) or Verizon (VZ-N)? Chart shows this one has outperformed by about 10%. Within the sector, there is lots of news. One way to try and resolve this is to start a position in iShares Trust Dow Jones U.S. Telecom Sector Fund (IYZ-N), and you are probably going to see procyclical names again. The sector lagged a little, and as we get past the middle of the year this area should probably pick up.

A T & T US (T-N)
December 28, 2016

AT&T (T-N) or Verizon (VZ-N)? Chart shows this one has outperformed by about 10%. Within the sector, there is lots of news. One way to try and resolve this is to start a position in iShares Trust Dow Jones U.S. Telecom Sector Fund (IYZ-N), and you are probably going to see procyclical names again. The sector lagged a little, and as we get past the middle of the year this area should probably pick up.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$42.520
Owned
No
COMMENT
COMMENT
December 28, 2016

AT&T (T-N) or Verizon (VZ-N)? Chart shows that AT&T has outperformed by about 10%. Within the sector, there is lots of news. One way to try and resolve this is to start a position in iShares Trust Dow Jones U.S. Telecom Sector Fund (IYZ-N), and you are probably going to see procyclical names again. The sector lagged a little, and as we get past the middle of the year this area should probably pick up.

AT&T (T-N) or Verizon (VZ-N)? Chart shows that AT&T has outperformed by about 10%. Within the sector, there is lots of news. One way to try and resolve this is to start a position in iShares Trust Dow Jones U.S. Telecom Sector Fund (IYZ-N), and you are probably going to see procyclical names again. The sector lagged a little, and as we get past the middle of the year this area should probably pick up.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$53.440
Owned
No
PARTIAL BUY
PARTIAL BUY
December 28, 2016

Chart shows a strong upward trend this year, with a recent break down followed by an upward move. It has now formed a little base at around $10.60. You could take an initial position, and if it got down to the $10.60, take the balance. It is always good to pay more for something, as it gives you a confirmation.

Savaria Corp (SIS-T)
December 28, 2016

Chart shows a strong upward trend this year, with a recent break down followed by an upward move. It has now formed a little base at around $10.60. You could take an initial position, and if it got down to the $10.60, take the balance. It is always good to pay more for something, as it gives you a confirmation.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$10.750
Owned
Unknown