Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
December 28, 2016

This space, along with healthcare in general, is in a secular long-term move, bullish in January and February with strong seasonality on a 5-year basis. It has been beaten up politically starting with Clinton, and we are not sure if that carries through with Trump. This is not for the faint of heart, but if you have a longer-term perspective, there is support at around $260, and if you get above about $300, there is probably going to be a bit of a break out. If you are looking to trade this, you would probably take a position right now. For a longer-term perspective, you may want to initiate a position now and see what happens with the new administration.

This space, along with healthcare in general, is in a secular long-term move, bullish in January and February with strong seasonality on a 5-year basis. It has been beaten up politically starting with Clinton, and we are not sure if that carries through with Trump. This is not for the faint of heart, but if you have a longer-term perspective, there is support at around $260, and if you get above about $300, there is probably going to be a bit of a break out. If you are looking to trade this, you would probably take a position right now. For a longer-term perspective, you may want to initiate a position now and see what happens with the new administration.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$268.080
Owned
Unknown
COMMENT
COMMENT
December 28, 2016

This space has been pretty difficult for the last 3-4 years. Seasonally, it has a strong period that kicks in, in January. You want to see this hold its current line, but look to take profits by the end of January, when the seasonality ends. Then we get into the quite soft February-May period.

This space has been pretty difficult for the last 3-4 years. Seasonally, it has a strong period that kicks in, in January. You want to see this hold its current line, but look to take profits by the end of January, when the seasonality ends. Then we get into the quite soft February-May period.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$24.540
Owned
No
WAIT
WAIT
December 28, 2016

Unfortunately, the way the markets are focused on every little bit of data, there will be a move based in a large part on what the commodity is doing. January, for this company, traditionally has a pretty soft patch that dovetails with the overall market. Wait until early February, and then look at this again.

Obsidian Energy (OBE-T)
December 28, 2016

Unfortunately, the way the markets are focused on every little bit of data, there will be a move based in a large part on what the commodity is doing. January, for this company, traditionally has a pretty soft patch that dovetails with the overall market. Wait until early February, and then look at this again.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$2.330
Owned
Unknown
TOP PICK
TOP PICK
December 28, 2016

This is the best of the senior producers. It has a fantastic balance sheet, and really good assets. Has held up well compared to other names. Overall, the sector is in a longer-term bottoming process. $50 became an interesting place for buyers. His one year target is around $68. January and February are very supportive of gold prices, and in February you want to take some off the table as it gets weak from March onwards. Believes that bullion overall is making a significant longer-term low here, and producers always reflect the bullish/bearish moves before the underlying commodity, and we are seeing that now. Risk/reward here is really good. Dividend yield of 0.99%. (Analysts’ price target is $71.25.)

Agnico-Eagle Mines (AEM-T)
December 28, 2016

This is the best of the senior producers. It has a fantastic balance sheet, and really good assets. Has held up well compared to other names. Overall, the sector is in a longer-term bottoming process. $50 became an interesting place for buyers. His one year target is around $68. January and February are very supportive of gold prices, and in February you want to take some off the table as it gets weak from March onwards. Believes that bullion overall is making a significant longer-term low here, and producers always reflect the bullish/bearish moves before the underlying commodity, and we are seeing that now. Risk/reward here is really good. Dividend yield of 0.99%. (Analysts’ price target is $71.25.)

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$54.900
Owned
Yes
TOP PICK
TOP PICK
December 28, 2016

Construction/engineering is really good for the next 5-7 years. Chart shows it is trying to break out at around $57. The longer-term pattern is a “cup and handle” formation. A break out at this point is pretty significant. He has a target north of $80. Dividend yield of 1.70%. (Analysts’ price target is $63.36.)

Construction/engineering is really good for the next 5-7 years. Chart shows it is trying to break out at around $57. The longer-term pattern is a “cup and handle” formation. A break out at this point is pretty significant. He has a target north of $80. Dividend yield of 1.70%. (Analysts’ price target is $63.36.)

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$58.230
Owned
Yes
TOP PICK
TOP PICK
December 28, 2016

A stock that sort of has a love/hate relationship on the street, because they are not a pure play in anything they do. The insurance part lags their peer group. Its recent acquisition of Allied World may create some broader appeal. Prem Watsa’s track record is really good. Dividend yield of 2.23%. (Analysts’ price target is $762.23.)

Fairfax Financial (FFH-T)
December 28, 2016

A stock that sort of has a love/hate relationship on the street, because they are not a pure play in anything they do. The insurance part lags their peer group. Its recent acquisition of Allied World may create some broader appeal. Prem Watsa’s track record is really good. Dividend yield of 2.23%. (Analysts’ price target is $762.23.)

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$647.470
Owned
Yes
BUY
BUY
December 28, 2016

The only Canadian bank he owns, as he prefers US banks and other financials. Owns this because it is the least Canadian of the major Canadian banks. He sees the domestic market is being riskier with lower growth than what is outside of Canada.

Bank of Nova Scotia (BNS-T)
December 28, 2016

The only Canadian bank he owns, as he prefers US banks and other financials. Owns this because it is the least Canadian of the major Canadian banks. He sees the domestic market is being riskier with lower growth than what is outside of Canada.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$76.220
Owned
Yes