Viewing Expert David Burrows | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

David Burrows , President & Chief Investment Strategist

Barometer Capital Management


Date Signal Chart Symbol Company Opinion Price
2017-04-19 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. Since last February, we have been in a very productive equity market. We are having a little pause right now which he doesn’t think will take very long. There has been a great focus on passive, low fee investing and being an index investor, at precisely the moment when correlations, or the degree to when stocks and sectors behave the same, is at its lowest level in 15 years. The opportunity to target specific themes and companies is really an outsized opportunity right now, and he hopes people will be able to take advantage of it. From 1966 to 1982, the market travelled sideways in a series of advances and declines. The late 70s was when Vanguard got its start in Index investing. That was the last time managers had been stupid for the previous 15 years. The S&P 500 from 2000 to 2013 travelled sideways in a series of advances and declines, and many managers had a hard time beating it. The topic now is index investing/passive investing, but that is looking backwards. Today, we have very strong clear themes in this market, and the opportunity to target and be an active manager has not been better in 15 years. The market bottomed in 1981, and by 1985 no one was talking Index investing.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
_N/A
2017-04-19 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Stops? He uses Stops on all positions he invests in. Half the battle is knowing when to Sell. Doesn’t use automatic Stops, but monitors a stock for when it gets close to an exit price. He uses “point and figure” price charts, which help him to recognize inflection points where behaviour is changing in the security. For a longer-term investor, they could use the 150-day moving average.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
_N/A
2017-04-19 TOP PICK Must be logged in to use chart ADBE-Q Adobe Systems

The leader in creating digital media. There is enormous growth in the creation of Digital media. They used to sell their software as a package, with an upgrade every couple of years. There was an enormous number of people pirating their software. They then started selling by subscription. They caught a bunch of pirates that needed their software and had to wind up subscribing. This is a quickly growing pie. As their subscriptions go up, their margins go up. They now have 10 million subscribers. There are 7 million users that continue to use old versions, and will have to upgrade. (Analysts’ price target is $145.)


Price:
$130.220
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-04-19 COMMENT Must be logged in to use chart AMT-N American Tower

A REIT which owns cell phone towers all over the world. Cell phone towers are pretty interesting REITs as they have almost unlimited capacity. They have all the major wireless providers as customers, putting their gear up on their towers. Every time there is a new generation of gear, they don’t take the old stuff off, but put the new one on, so rents keep going up. They’ve done a great job of growing geographically. Has a broad customer base and isn’t levered to any one mobility provider. Over the next couple of years, we are going to start seeing 5G LTE coming, the next generation of wireless gear. They’ll continue to grow their dividend.


Price:
$124.670
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-04-19 BUY Must be logged in to use chart AQN-T Algonquin Power & Utilities Corp

Probably his biggest utility-like position. It has outperformed the sector for quite some time and has been able to grow its cash flow and dividend handily. 4.7% dividend yield is very attractive.


Price:
$12.930
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-04-19 TOP PICK Must be logged in to use chart BAC-N Bank of America

He looks for sectors/themes that are going through significant shifts that can give a long runway for the industry and companies to be revalued. The 2nd biggest bank in the US, trading at just under 1X BV, and can go higher. Assuming they can grow BV, that would be even better. It will be helped by rising interest rates. They will get the CCAR assessment in June as to whether they can return more capital to shareholders. Generating a ton of cash, so dividends should continue to accelerate. US banks started to perform in June of last year and have just had a classic pullback towards the 150-day moving average, which gives investors a great entry point. This could be a 5-year theme. Dividend yield of 1.3%. (Analysts’ price target is $26.)


Price:
$22.740
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-04-19 COMMENT Must be logged in to use chart BCE-T BCE Inc.

The media sector has been doing well recently, and telcos have had a bit of a bounce over the last couple of months. These are less economically sensitive companies that people have gone to hide in while pulling back on more economically sensitive companies. From a sector perspective, there are better places to be. He would prefer to be in media such as Comcast (CMCSA-Q) or CBS (CBS-N). Dividend yield of 4.7%.


Price:
$60.930
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2017-04-19 PAST TOP PICK Must be logged in to use chart BLK-N Blackrock Inc.

(A Top Pick April 19/16. Up 7%.) A very straightforward way to invest in investment management and better markets. While he prefers to be an active manager, this is more index focused, but they do have an active ETF business. This will continue to grow. Dividend yield of 2.7%.


Price:
$377.100
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-04-19 BUY Must be logged in to use chart CCL-N Carnival Corp.

Carnival Cruise (CCL-N) or Royal Caribbean Cruise (RCL-N)? As a thematic investor, one of the key themes he is interested in is travel and leisure. Both these companies play into that theme, as does Disney (DIS-N). Both are well run companies and global. He would buy either one. Both should grow earnings in the mid-teens, and you could do well in either one.


Price:
$58.680
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-04-19 PAST TOP PICK Must be logged in to use chart FNV-T Franco-Nevada Corp.

(A Top Pick April 19/16. Up 7%.) He is not a big gold bug, and not overly bullish on the gold sector, but what is good about this company is that they are a financier, really the “financier of last resort”. When the market isn’t interested in small companies, they’ll go in and buy a royalty stream.


Price:
$92.890
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-04-19 BUY Must be logged in to use chart GOOGL-Q Alphabet Inc. (A)

One of the most important themes in this market are the big Internet content companies. The things they have going on in this business are quite remarkable, not to mention their key businesses which are doing remarkably well. This is a theme that investors have to be invested in.


Price:
$856.510
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-04-19 PAST TOP PICK Must be logged in to use chart HON-N Honeywell International

(A Top Pick April 19/16. Up 9%.) He continues to like industrials. If he had to pick 4 themes, he would pick technology, industrial, financial and consumer discretionary. The US spent less last year on capital spending than in any year in 85 years, but it is picking up. With better small business optimism, there is money getting spent on capital spending, outside of the energy industry. This company is at the centre of the Internet of Things (loT) in creating connected devices and measurement devices in the manufacturing processes. It should continue to do well.


Price:
$122.740
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-04-19 TOP PICK Must be logged in to use chart IR-N Ingersoll-Rand Co

Capital spending in the US is set to rise. 85% of their business is environmental control. HVAC systems are being put in or being replaced in commercial buildings. If there is an infrastructure spend on schools and hospitals, that is a big spend. Their compressor systems are used in construction sites. Dividend yield of 1.95%. (Analysts’ price target is $85.50.)


Price:
$81.850
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-04-19 BUY Must be logged in to use chart LITE-Q Lumentum Holdings

He really likes the fibre networking space, and this company sells components into that area. This has pulled back in the last couple of weeks as some of the more economically sensitives have pulled back.


Price:
$42.950
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-04-19 COMMENT Must be logged in to use chart LIX-X Lithium X Energy Corp

Hasn’t spent a lot of time looking at this, however, he is an investor in lithium, which is a big beneficiary of what is happening with the proliferation of batteries. Owns Albemarle (ALB-N), which is trading at new all-time highs. Also, owns the ETF Global X Lithium (LIT-N).


Price:
$1.790
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
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