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Signal Opinion Expert

2017-11-17

N/A
A Comment -- General Comments From an Expert 

Market. Industrials, technology, financials, and materials are showing decent relative strength. The advance/decline lines have been a stubborn holdout, but this week it has turned. Everything else was already moving. When comparing the index to the advance/decline lines, it was still negative, but has flipped and gone positive this week. Signs point to a pretty good run right through to 2018. With higher rates, he believes the consumer and businesses gets us well out into 2018.

Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $0.000
Owned: _N/A

2017-11-17

N/A
A Comment -- General Comments From an Expert 

Market. He is christening this “The Year of the Repetition”. Feels we are going to see oil and gas pretty much the same. Oil and gas stocks have not really helped the market, but the rest are doing quite well. Mining is humming a bit. It’s at the lower end of things because we don’t have big mining companies any more. Banks will just plow on, so don’t bother to trade them. 

Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $0.000
Owned: _N/A

2017-11-17

COMMENT
Aurora Cannabis (ACB-T)

Chart shows some big upward spikes. There is some support at around $3.50. It spiked today to $5.64, and when you have a big spike like this, it’s really hard to tell what is going to happen the next day. Some indicators are rolling over, just slightly, so he expects this is going to be really volatile.

Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $0.000
Owned: No

2017-11-17

WAIT
Agnico-Eagle Mines (AEM-T)

Probably in a “pause” situation, as it has been for the last few months. This might be that December time, when it breaks above the downtrend that has been going on since mid-2016. He would look at this in December. Overlay this with the underlying commodity just to see how it is acting. If it is starting to move ahead of the commodity, that is probably a pretty good sign.

precious metals
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $0.000
Owned: Unknown

2017-11-17

TOP PICK
Altagas Ltd (ALA-T)

Hoping to close a huge US utility acquisition. Chart shows a bit of base at around $27. The recent earnings report was really good. Raised their dividend which laid the concerns about the acquisition being dilutive. Although not a pure energy play, you are getting exposure to gas, you are going to get exposure to other parts of their business. Expects it could reach $35. Dividend yield of 7.5%. (Analysts’ price target is $33.50.)

oil/gas
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $0.000
Owned: Yes

2017-11-17

PAST TOP PICK
Aecon Group Inc (ARE-T)

(A Top Pick Sept 28/16. Up 13%.) About to be taken over by a Chinese buyer, but he tends to think the government will step in and block the sale. He likes the whole space. He would come back to this in a heartbeat if the deal fell through.

contractors
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $0.000
Owned: No

2017-11-17

PAST TOP PICK
Baxter International Inc (BAX-N)

(A Top Pick Sept 28/16. Up 35%.) Believes he will be holding this for quite a long time. They are the best in the medical devices/medical supply. Expects it might go sideways for a while and it would be a Buy on any weakness.

biotechnology/pharmaceutical
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $0.000
Owned: Yes

2017-11-17

TOP PICK
Bombardier Inc (B) (BBD.B-T)

There is an amazing saga of the great bully Boeing (BA-N) trying to crush the situation, but it appears to have reversed on them somewhat. Great technology. Everybody is bored stiff with the delays on this brilliant plane. Now you have the great strength of the Airbus to carry on through. Thinks you are going to see deal after deal on the world stage. (Analysts’ price target is $3.50.)

transportation equip & components
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $0.000
Owned: Yes

2017-11-17

COMMENT
Cott Corp (BCB-T)

Has been out of this for a long time. It moved into a new era of water, and probably tea and coffee as well. It’s worth looking at again.

food processing
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $0.000
Owned: No

2017-11-17

COMMENT
Bee Vectoring Technologies International (BEE-X)

If there ever was an extreme niche, this is it. They gather the pollen and special powders to deal with the fields and nasty pesticides. 90% of the world’s commercial greenhouses actually buy hives of bees.

Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $0.000
Owned: Yes

2017-11-17

BUY
Brookfield Infrastucture Partners (BIP.UN-T)

Which Brookfield subsidiary would you recommend for a 4-5 year hold? If you like dividends while waiting, this is one he would recommend.

INDUSTRIAL PRODUCTS
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $0.000
Owned: Yes

2017-11-17

BUY
Berkshire Hathaway Inc. (B) (BRK.B-N)

Looking at the components, it has underperformed a little, but the chart shows a nice little trend from 2016. This would be a good risk/reward entry point.

insurance
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $0.000
Owned: Unknown

2017-11-17

COMMENT
Canadian Utilities (CU-T)

Has held this for very long time. 3.8% dividend yield. Very low risk.

electrical/electronic
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $0.000
Owned: Yes

2017-11-17

HOLD
Canadian Western Bank (CWB-T)

Although located in the West, the company is not dependent on oil and gas. They’ve been doing well. Have broken into eastern Canada a little. It is probably worth holding. 2.7% dividend yield.

banks
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $0.000
Owned: Unknown

2017-11-17

COMMENT
Deutsche Bank AG (DB-N)

Has been a laggard and went through things other banks haven’t. Chart looks similar to last year’s where we had some higher lows, where the longer-term trend was broken. You want to see this move up through that line substantially, and it has already done that. Some indicators are starting to turn up. This should move with rates going higher. The break out through $18 was an indication this should move higher.

banks
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $0.000
Owned: Unknown

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