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(Fred Lum)
(Fred Lum)

Market Call

3 top stock picks from portfolio manager Jeff Parent Add to ...

Jeff Parent is portfolio manager with Quadrexx Asset Management. His focus is on technical analysis.



Top Picks:



Bellatrix Exploration

Nice V-shaped recovery from last year indicates renewed interest in a growth story. Ranks wells to its peer on the fundamental side. Potential to go to 6 in the short term. Sell below 5.

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CN Rail

Buying opportunity present in this pause after a great upward trend from 2009. Charts pattern looks like a breakout from a descending triangle. This is a conservative stock. Sell below 75.



Sunshine Oilsands (listed in Hong Kong)

A higher risk play in the oilsands. With worldwide interest in our oilsands, this is a potential takeover target. Support should be strong from the Chinese. Very rare instance of a Canadian issue outside of North America.



Past Picks: June 7, 2011



Ensign Energy Services

Then: $18.30

Now: $15.39

Total return: -13.76%



Semafo

Then: $7.85

Now: $5.15

Total return: -34.23%



Allon Therapeutics

Then: $0.40

Now: $0.28

Total return: -30.00%



Total Return Average: -25.99%





Outlook:

“As economists struggle with mixed news, the indexes have been rising steadily for three months. The U.S. has been leading the way upwards with a broad-based rally indicating belief of a sustainable recovery. Technically, this phase of the markets could be considered the first up leg of a bull market. Our bias is positive and we are deploying cash into the markets.”



See the full interview here



Compiled by Franklin Cameron, BNN Market Call Tonight

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Also see:

3 top stock picks from Avenue Investment's Paul Harris

3 top stock picks from portfolio manager Norman Levine

3 top picks from GlobeInvest's Christine Poole

3 top stock picks from money manager David Burrows

3 top stock picks from money manager Jason Donville

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