Stock Opinions by David Burrows - Stockchase Experts
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David Burrows @

On Stockchase since : Jun 2001

President & Chief Investment Strategist at Barometer Capital Management

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Stock Opinions by David Burrows - Stockchase Experts

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COMMENT
General Market Comment 

September 19, 2018

All the way through this bull market, people have been nervous. Bull markets die of excess, but that we have been in a cautious expansion. We are in the early stages of a reflation in the economy. There are no signs of recession on the horizon. The market is healthy. Tilray took off today: that's investing, not speculating. He'd be concerned about buying cannabis stocks, but if you have the stomach for it, all the power to you. He doesn't have the stomach for it. Some cannabis companies will do well and others will be wreckage.

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All the way through this bull market, people have been nervous. Bull markets die of excess, but that we have been in a cautious expansion. We are in the early stages of a reflation in the economy. There are no signs of recession on the horizon. The market is healthy. Tilray took off today: that's investing, not speculating. He'd be concerned about buying cannabis stocks, but if you have the stomach for it, all the power to you. He doesn't have the stomach for it. Some cannabis companies will do well and others will be wreckage.

Unknown
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David Burrows

President , Barometer Capital Ma...

Price Price
$0.020
Owned Owned
Unknown

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BUY
Canadian Natural Rsrcs(CNQ-T) 

September 19, 2018

Energy producers have been weak this summer, but strengthening in the last few weeks. He looks for companies that thrive through too patches. CNQ is better than the group. The sector is catching a bid; the cyclicals will do better in this next part of the cycle. They will generate a lot of cash and improve their multiples. CNQ will do well.

oil/gas
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Energy producers have been weak this summer, but strengthening in the last few weeks. He looks for companies that thrive through too patches. CNQ is better than the group. The sector is catching a bid; the cyclicals will do better in this next part of the cycle. They will generate a lot of cash and improve their multiples. CNQ will do well.

oil/gas
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David Burrows

President , Barometer Capital Ma...

Price Price
$42.470
Owned Owned
Unknown

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BUY
Intel(INTC-Q) 

September 19, 2018

There's been profit-taking in tech in the past 4 weeks when those stock peaked; semis were especially sold off. Intel pays a 2.6% dividend yield, offers good share buybacks and is a leader in the space.

electrical/electronic
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There's been profit-taking in tech in the past 4 weeks when those stock peaked; semis were especially sold off. Intel pays a 2.6% dividend yield, offers good share buybacks and is a leader in the space.

electrical/electronic
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David Burrows

President , Barometer Capital Ma...

Price Price
$46.150
Owned Owned
Unknown

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BUY
Amazon.com(AMZN-Q) 

September 19, 2018

All tech HAS pulled back in the past two weeks. It's a secular leader in a secular theme. Give it the benefit of the doubt. Amazon is nowhere close to stopping its momentum.

specialty stores
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All tech HAS pulled back in the past two weeks. It's a secular leader in a secular theme. Give it the benefit of the doubt. Amazon is nowhere close to stopping its momentum.

specialty stores
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David Burrows

President , Barometer Capital Ma...

Price Price
$1926.420
Owned Owned
Yes

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COMMENT

ENB taking over ENF: Sell one, buy one or both buy? The reflationary sectors will do well in the next leg of this cycle, but the pipelines will not. Instead look at U.S. financials. Hold onto ENB, maybe make a move on the fund, ENF. Buy stocks/sectors that will benefit from rising rates.

oil/gas
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ENB taking over ENF: Sell one, buy one or both buy? The reflationary sectors will do well in the next leg of this cycle, but the pipelines will not. Instead look at U.S. financials. Hold onto ENB, maybe make a move on the fund, ENF. Buy stocks/sectors that will benefit from rising rates.

oil/gas
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0 comments
David Burrows

President , Barometer Capital Ma...

Price Price
$33.520
Owned Owned
Unknown

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COMMENT
Enbridge(ENB-T) 

September 19, 2018

ENB taking over ENF: Sell one, buy one or both buy? The reflationary sectors will do well in the next leg of this cycle, but the pipelines will not. Instead look at U.S. financials. Hold onto ENB, maybe make a move on the fund, ENF. Buy stocks/sectors that will benefit from rising rates.

oil/gas pipelines
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ENB taking over ENF: Sell one, buy one or both buy? The reflationary sectors will do well in the next leg of this cycle, but the pipelines will not. Instead look at U.S. financials. Hold onto ENB, maybe make a move on the fund, ENF. Buy stocks/sectors that will benefit from rising rates.

oil/gas pipelines
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David Burrows

President , Barometer Capital Ma...

Price Price
$44.740
Owned Owned
Unknown

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BUY
Visa Inc.(V-N) 

September 19, 2018

Visa vs. Square He really likes the fintechs, including these. He owns both. They've had a wonderful run. Short-term,
we may see a brief rotation into the banks. But the fintechs are here to stay. They have years to rally.

other services
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Visa vs. Square He really likes the fintechs, including these. He owns both. They've had a wonderful run. Short-term,
we may see a brief rotation into the banks. But the fintechs are here to stay. They have years to rally.

other services
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David Burrows

President , Barometer Capital Ma...

Price Price
$147.420
Owned Owned
Yes

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BUY
Square Inc(SQ-N) 

September 19, 2018

Visa vs. Square He really likes the fintechs, including these. He owns both. They've had a wonderful run. Short-term,
we may see a brief rotation into the banks. But the fintechs are here to stay. They have years to rally.

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Visa vs. Square He really likes the fintechs, including these. He owns both. They've had a wonderful run. Short-term,
we may see a brief rotation into the banks. But the fintechs are here to stay. They have years to rally.

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David Burrows

President , Barometer Capital Ma...

Price Price
$84.800
Owned Owned
Yes

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COMMENT
Micron Technology(MU-Q) 

September 19, 2018

It's very cyclical. It has consolidated the space as leader, so there's less competition now. This cycle is not over, but it's trading below its 50-day moving average. If you're a value investor, you could buy it now, but the technicals don't impress him.

computer software/processing
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It's very cyclical. It has consolidated the space as leader, so there's less competition now. This cycle is not over, but it's trading below its 50-day moving average. If you're a value investor, you could buy it now, but the technicals don't impress him.

computer software/processing
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David Burrows

President , Barometer Capital Ma...

Price Price
$45.060
Owned Owned
Unknown

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PAST TOP PICK
ETrade Financial Corp.(ETFC-Q) 

September 19, 2018

(Past Top Pick, August 16, 2017, Up 38%) Sold at a good profit. It's well-run. He likes this space, online trading. Expects trading volumes online to increase. This space has consolidated in the past few months. It could be taken out by someone like a Schwab.

investment companies/funds
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(Past Top Pick, August 16, 2017, Up 38%) Sold at a good profit. It's well-run. He likes this space, online trading. Expects trading volumes online to increase. This space has consolidated in the past few months. It could be taken out by someone like a Schwab.

investment companies/funds
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David Burrows

President , Barometer Capital Ma...

Price Price
$55.780
Owned Owned
No

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DON'T BUY
BCE Inc.(BCE-T) 

September 19, 2018

Even with the telcos bouncing up in the summer, BCE did not. Little growth here. People buy this for the dividend. He wouldn't buy any telco now, and BCE is among the weaker ones.

telephone utilities
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Even with the telcos bouncing up in the summer, BCE did not. Little growth here. People buy this for the dividend. He wouldn't buy any telco now, and BCE is among the weaker ones.

telephone utilities
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David Burrows

President , Barometer Capital Ma...

Price Price
$51.910
Owned Owned
No

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DON'T BUY
Alibaba Group Holding(BABA-N) 

September 19, 2018

An important Chinese company. Only 16% of Chinese stocks have an upward bias now. He closely watches Chinese stocks. Alibaba has held on longer than most in China, but it eventually broke support at $170. He needs the Chinese market and Alibaba to recover (to $170) before he steps back in. We're in a time when he'd favour US stocks over Chinese given trade tensions.

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An important Chinese company. Only 16% of Chinese stocks have an upward bias now. He closely watches Chinese stocks. Alibaba has held on longer than most in China, but it eventually broke support at $170. He needs the Chinese market and Alibaba to recover (to $170) before he steps back in. We're in a time when he'd favour US stocks over Chinese given trade tensions.

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David Burrows

President , Barometer Capital Ma...

Price Price
$162.630
Owned Owned
Unknown

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BUY
Toronto Dominion(TD-T) 

September 19, 2018

Do you see TD hitting $87 in Q4? He'd rather buy a US bank or at least a Canadian one with US exposure--TD and BMO. Both have excellent loan growth in the U.S. You're paid a good yield by TD and it's trading better than most of the S&P 500.

banks
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Do you see TD hitting $87 in Q4? He'd rather buy a US bank or at least a Canadian one with US exposure--TD and BMO. Both have excellent loan growth in the U.S. You're paid a good yield by TD and it's trading better than most of the S&P 500.

banks
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David Burrows

President , Barometer Capital Ma...

Price Price
$79.310
Owned Owned
Yes

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DON'T BUY
CVS Health Corp(CVS-N) 

September 19, 2018

The drug stocks are defensive. Consumer discretionary has been doing well. CVS had 19% earnings growth, and estimated 4% next year, which is not enough in a bull market to take advantage of economic strength. You could see money rotate away from this sector.

specialty stores
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The drug stocks are defensive. Consumer discretionary has been doing well. CVS had 19% earnings growth, and estimated 4% next year, which is not enough in a bull market to take advantage of economic strength. You could see money rotate away from this sector.

specialty stores
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David Burrows

President , Barometer Capital Ma...

Price Price
$78.960
Owned Owned
Unknown

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BUY
Boeing(BA-N) 

September 19, 2018

Aerospace and defence have long contracts, so that's attractive. Also, you don't pay for the future as you do with pharma, because these companies keep their projects in development in secret; then they just unveil them. He likes Boeing for its civil aviation and defence sides. He prefers this over Lockheed.

Transportation
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Aerospace and defence have long contracts, so that's attractive. Also, you don't pay for the future as you do with pharma, because these companies keep their projects in development in secret; then they just unveil them. He likes Boeing for its civil aviation and defence sides. He prefers this over Lockheed.

Transportation
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David Burrows

President , Barometer Capital Ma...

Price Price
$365.220
Owned Owned
Unknown

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