Stock Opinions by David Burrows - Stockchase Experts

Signal	Opinion	Expert	Chart
N/A	General Market Comment February 7, 2019 Market. Multi asset funds have struggled over the last while. Last year was a whip saw year where we were up and down dramatically. He focuses on structural long term themes. In 1994 he learned not to get too aggressive on the sell side because the recovery comes so quickly. This is playing out again. He made a call to stay with his positions into year end and then they rallied back. Last December's exit from the markets dwarfed the worst 4 week period in 2008. 0 0 0 0 0 0 comments	Market. Multi asset funds have struggled over the last while. Last year was a whip saw year where we were up and down dramatically. He focuses on structural long term themes. In 1994 he learned not to get too aggressive on the sell side because the recovery comes so quickly. This is playing out again. He made a call to stay with his positions into year end and then they rallied back. Last December's exit from the markets dwarfed the worst 4 week period in 2008. Unknown 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $0.000 Owned _N/A	Sign up or Log in to enjoy full view of charts.

HOLD	Hess Corp.(HES-N) February 7, 2019 It is interesting because they have some very large finds. One is about as large an oil find as there has been in the last 20 years. It has rallied off the lows and has come back quite nicely although not rallying as well as others in the group. It is not one of the leadership groups. integrated oils 0 0 0 0 0 0 comments	It is interesting because they have some very large finds. One is about as large an oil find as there has been in the last 20 years. It has rallied off the lows and has come back quite nicely although not rallying as well as others in the group. It is not one of the leadership groups. integrated oils 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $53.250 Owned Unknown	Sign up or Log in to enjoy full view of charts.
BUY	CGI Group (A)(GIB.A-T) February 7, 2019 There is a secular theme where companies will continue to spend on IT development. The industry is growing between 5 and 6%, roughly twice the growth rate of the economy. They can now make another acquisition and he is watching for potential catalysts. consulting 0 0 0 0 0 0 comments	There is a secular theme where companies will continue to spend on IT development. The industry is growing between 5 and 6%, roughly twice the growth rate of the economy. They can now make another acquisition and he is watching for potential catalysts. consulting 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $88.610 Owned Unknown	Sign up or Log in to enjoy full view of charts.
BUY	UnitedHealth Group Inc(UNH-N) February 7, 2019 On a 12 months basis it is better than 85% of the companies in the NYSE. Healthcare has come back quite nicely. This is trading well above a rising 150 day average. This is a theme you can depend on. Managed Healthcare. Continue to hold it. medical services 0 0 0 0 0 0 comments	On a 12 months basis it is better than 85% of the companies in the NYSE. Healthcare has come back quite nicely. This is trading well above a rising 150 day average. This is a theme you can depend on. Managed Healthcare. Continue to hold it. medical services 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $268.160 Owned Unknown	Sign up or Log in to enjoy full view of charts.
BUY	Waste Connections(WCN-T) February 7, 2019 This selloff in the fall was a correction and not a transition. The US economy is in good shape. This one is in a good industry. It is trading at a new relative high. If you believe we have a soft landing this year, you want to own things focused on the US domestic economy. Transportation & Environmental Services 0 0 0 0 0 0 comments	This selloff in the fall was a correction and not a transition. The US economy is in good shape. This one is in a good industry. It is trading at a new relative high. If you believe we have a soft landing this year, you want to own things focused on the US domestic economy. Transportation & Environmental Services 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $111.340 Owned Unknown	Sign up or Log in to enjoy full view of charts.
BUY	Enbridge(ENB-T) February 7, 2019 It has been really good at executing within their industry. They have strong metrics that they judge their operations against. They have grown their dividend over time. We are seeing a reflation in the economy and we need a rising stream of dividends going forward, which this has. oil/gas pipelines 0 0 0 0 0 0 comments	It has been really good at executing within their industry. They have strong metrics that they judge their operations against. They have grown their dividend over time. We are seeing a reflation in the economy and we need a rising stream of dividends going forward, which this has. oil/gas pipelines 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $49.310 Owned Unknown	Sign up or Log in to enjoy full view of charts.
BUY	iShares S&P/TSX Capped Comp. ETF(XIC-T) February 7, 2019 XIC-T vs. SPY-N vs. VT-N. After a sharp decline after a rally you are likely to retest lows. The thrust off the bottom was so significant. 10 of the last 12 corrections never went back to retest the lows. Positioning is so defensive that people are not likely to get the retesting of the lows they are waiting for. The commodity complex could see strength. All three should do well. E.T.F.'s 0 0 0 0 0 0 comments	XIC-T vs. SPY-N vs. VT-N. After a sharp decline after a rally you are likely to retest lows. The thrust off the bottom was so significant. 10 of the last 12 corrections never went back to retest the lows. Positioning is so defensive that people are not likely to get the retesting of the lows they are waiting for. The commodity complex could see strength. All three should do well. E.T.F.'s 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $24.990 Owned Unknown	Sign up or Log in to enjoy full view of charts.
BUY	SPDR S&P 500 ETF(SPY-N) February 7, 2019 XIC-T vs. SPY-N vs. VT-N. After a sharp decline after a rally you are likely to retest lows. The thrust off the bottom was so significant. 10 of the last 12 corrections never went back to retest the lows. Positioning is so defensive that people are not likely to get the retesting of the lows they are waiting for. The commodity complex could see strength. All three should do well. E.T.F.'s 0 0 0 0 0 0 comments	XIC-T vs. SPY-N vs. VT-N. After a sharp decline after a rally you are likely to retest lows. The thrust off the bottom was so significant. 10 of the last 12 corrections never went back to retest the lows. Positioning is so defensive that people are not likely to get the retesting of the lows they are waiting for. The commodity complex could see strength. All three should do well. E.T.F.'s 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $270.170 Owned Unknown	Sign up or Log in to enjoy full view of charts.
BUY	Vangrd Total World E.T.F.(VT-N) February 7, 2019 XIC-T vs. SPY-N vs. VT-N. After a sharp decline after a rally you are likely to retest lows. The thrust off the bottom was so significant. 10 of the last 12 corrections never went back to retest the lows. Positioning is so defensive that people are not likely to get the retesting of the lows they are waiting for. The commodity complex could see strength. All three should do well. E.T.F.'s 0 0 0 0 0 0 comments	XIC-T vs. SPY-N vs. VT-N. After a sharp decline after a rally you are likely to retest lows. The thrust off the bottom was so significant. 10 of the last 12 corrections never went back to retest the lows. Positioning is so defensive that people are not likely to get the retesting of the lows they are waiting for. The commodity complex could see strength. All three should do well. E.T.F.'s 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $70.570 Owned Unknown	Sign up or Log in to enjoy full view of charts.
SELL	Inter Pipeline(IPL-T) February 7, 2019 It is a bit of a poor cousin to ENB-T. Despite the fact that defensives sectors did well through the fall, it is still at a 52 week low relative to the market so its been signifncantly under performing. He would stay in ENB-T, but look even more for dividend growth. He suggests looking more to dividend growth like financials vs the big pipes. oil pipelines 0 0 0 0 0 0 comments	It is a bit of a poor cousin to ENB-T. Despite the fact that defensives sectors did well through the fall, it is still at a 52 week low relative to the market so its been signifncantly under performing. He would stay in ENB-T, but look even more for dividend growth. He suggests looking more to dividend growth like financials vs the big pipes. oil pipelines 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $20.680 Owned Unknown	Sign up or Log in to enjoy full view of charts.
COMMENT	iShares DJ Medical Devices E.T.F.(IHI-N) February 7, 2019 What comes screaming back is the previous leaders. There is persistence. Internet retail is the first one to break down and the first one to reverse. Basic materials are the area starting to make a turn. It would be complimentary to add some Canada. E.T.F.'s 0 0 0 0 0 0 comments	What comes screaming back is the previous leaders. There is persistence. Internet retail is the first one to break down and the first one to reverse. Basic materials are the area starting to make a turn. It would be complimentary to add some Canada. E.T.F.'s 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $215.120 Owned Unknown	Sign up or Log in to enjoy full view of charts.
WAIT	Manulife Financial(MFC-T) February 7, 2019 The problem is that life insurance companies are having a tough time. You are dealing with a tough sector back drop. insurance 0 0 0 0 0 0 comments	The problem is that life insurance companies are having a tough time. You are dealing with a tough sector back drop. insurance 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $21.090 Owned Unknown	Sign up or Log in to enjoy full view of charts.
BUY on WEAKNESS	Magna Int'l. (A)(MG-T) February 7, 2019 The auto and auto sector rolled over early last year with a mid-cycle slow down. This sector is relatively outperforming now. He thinks we have seen a turn. We need a pull back. Then they will perform well over the next year. Automotive 0 0 0 0 0 0 comments	The auto and auto sector rolled over early last year with a mid-cycle slow down. This sector is relatively outperforming now. He thinks we have seen a turn. We need a pull back. Then they will perform well over the next year. Automotive 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $67.480 Owned Unknown	Sign up or Log in to enjoy full view of charts.
PAST TOP PICK	Microsoft(MSFT-Q) February 7, 2019 (A Top Pick Jan 31/18, Up 13%) There is a secular theme in software as a service, as well as the cloud and this one is right in the middle of this. They are the absolute leader in their space. It pulled off its highs, but as one of the last stocks to sell off, it is a company you can buy here and hold it for 2 to 3 years. computer software/processing 0 0 0 0 0 0 comments	(A Top Pick Jan 31/18, Up 13%) There is a secular theme in software as a service, as well as the cloud and this one is right in the middle of this. They are the absolute leader in their space. It pulled off its highs, but as one of the last stocks to sell off, it is a company you can buy here and hold it for 2 to 3 years. computer software/processing 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $105.210 Owned Yes	Sign up or Log in to enjoy full view of charts.
PAST TOP PICK	Charles Schwab Corp(SCHW-N) February 7, 2019 (A Top Pick Jan 31/18, Down 14%) Even if you look at a turn in rates, themes have an interruption. This one was 2-4 months long. We had that last fall. He would buy it here, or IAI-N. It is a great entry point. investment companies/funds 0 0 0 0 0 0 comments	(A Top Pick Jan 31/18, Down 14%) Even if you look at a turn in rates, themes have an interruption. This one was 2-4 months long. We had that last fall. He would buy it here, or IAI-N. It is a great entry point. investment companies/funds 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $45.180 Owned No	Sign up or Log in to enjoy full view of charts.
PAST TOP PICK	United Rentals(URI-N) February 7, 2019 (A Top Pick Jan 31/18, Down 29%) It is a proxy for the broad US economy and also for the cycle itself. We will have to see if the numbers re-accelerate. Financial Services 0 0 0 0 0 0 comments	(A Top Pick Jan 31/18, Down 29%) It is a proxy for the broad US economy and also for the cycle itself. We will have to see if the numbers re-accelerate. Financial Services 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $127.960 Owned Unknown	Sign up or Log in to enjoy full view of charts.
DON'T BUY	Parkland Fuel Corp(PKI-T) February 7, 2019 They have done a good job of operating the business over time. Dividend growth has been slow. He prefers ATD.B-T. merchandising/lodging 0 0 0 0 0 0 comments	They have done a good job of operating the business over time. Dividend growth has been slow. He prefers ATD.B-T. merchandising/lodging 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $37.040 Owned No	Sign up or Log in to enjoy full view of charts.
WEAK BUY	TransCanada Corp(TRP-T) February 7, 2019 The energy space was tough last year. This has been rising since September, relative to the energy space. It has performed well through the recovery. Nice dividend, growing at about 6% annually. If you took at three year period in the market it will under-perform but be more stable. oil/gas pipelines 0 0 0 0 0 0 comments	The energy space was tough last year. This has been rising since September, relative to the energy space. It has performed well through the recovery. Nice dividend, growing at about 6% annually. If you took at three year period in the market it will under-perform but be more stable. oil/gas pipelines 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $55.730 Owned Unknown	Sign up or Log in to enjoy full view of charts.
DON'T BUY	Imperial Oil(IMO-T) February 7, 2019 He would be looking for a turn relative to its group and relative to the market and neither of those two are happening. It has been having a difficult time generating a total return over the years. There are better places. integrated oils 0 0 0 0 0 0 comments	He would be looking for a turn relative to its group and relative to the market and neither of those two are happening. It has been having a difficult time generating a total return over the years. There are better places. integrated oils 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $35.980 Owned Unknown	Sign up or Log in to enjoy full view of charts.
DON'T BUY	XPO Logistics, Inc(XPO-N) February 7, 2019 In the last little while it has had a tough go. It has beaten only 6% of stocks on the S&P over the last year. He likes the transports but the rails more. You could buy IYT-N and that would be a better bet. Transportation 0 0 0 0 0 0 comments	In the last little while it has had a tough go. It has beaten only 6% of stocks on the S&P over the last year. He likes the transports but the rails more. You could buy IYT-N and that would be a better bet. Transportation 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $59.660 Owned Unknown	Sign up or Log in to enjoy full view of charts.
DON'T BUY	Keyera Corp(KEY-T) February 7, 2019 Energy infrastructure has bounced off the lows but is still an under-performer. They grew their dividend over 10% which is attractive but he would prefer to go more for market strength. Look at financials or apartment REITs. ENB-T would be better also. oil/gas 0 0 0 0 0 0 comments	Energy infrastructure has bounced off the lows but is still an under-performer. They grew their dividend over 10% which is attractive but he would prefer to go more for market strength. Look at financials or apartment REITs. ENB-T would be better also. oil/gas 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $28.280 Owned Unknown	Sign up or Log in to enjoy full view of charts.
BUY	Canadian National R.R.(CNR-T) February 7, 2019 It is a great company and has been well managed over time. They grew about 12% on the dividend over time. He prefers a higher dividend vs. a higher growth of the dividend. CNR-T has had great pricing power over time. This one has a really defendable position. Transportation 0 0 0 0 0 0 comments	It is a great company and has been well managed over time. They grew about 12% on the dividend over time. He prefers a higher dividend vs. a higher growth of the dividend. CNR-T has had great pricing power over time. This one has a really defendable position. Transportation 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $109.970 Owned Unknown	Sign up or Log in to enjoy full view of charts.
BUY	Universal Display Corp.(OLED-Q) February 7, 2019 Organic LED devices for consumer electronics. He likes the tech group. These guys are a leading in their space. It held in much better since September, relative to their group. This one looks timely. electrical/electronic 0 0 0 0 0 0 comments	Organic LED devices for consumer electronics. He likes the tech group. These guys are a leading in their space. It held in much better since September, relative to their group. This one looks timely. electrical/electronic 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $110.050 Owned Unknown	Sign up or Log in to enjoy full view of charts.
BUY	Skyworks Solutions Inc.(SWKS-Q) February 7, 2019 Semi-conductors had a really hard fourth quarter. Skyworks provided a number that was weak and the stock took off, telling you that the market is looking beyond the current slowdown. It is a great way to play the components companies. electrical/electronic 0 0 0 0 0 0 comments	Semi-conductors had a really hard fourth quarter. Skyworks provided a number that was weak and the stock took off, telling you that the market is looking beyond the current slowdown. It is a great way to play the components companies. electrical/electronic 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $81.560 Owned Unknown	Sign up or Log in to enjoy full view of charts.
HOLD	Cameco Corporation(CCO-T) February 7, 2019 There is secular growth and they are cyclical. We are starting to make a turn. We are seeing good risk/reward in this area. He would be buying it here. He bought an EFT in the area just this week. integrated mines 0 0 0 0 0 0 comments	There is secular growth and they are cyclical. We are starting to make a turn. We are seeing good risk/reward in this area. He would be buying it here. He bought an EFT in the area just this week. integrated mines 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $16.890 Owned Unknown	Sign up or Log in to enjoy full view of charts.
TOP PICK	Canadian Apartment Properties(CAR.UN-T) February 7, 2019 Within the REIT sector, apartments are interesting because there is a real lack of rental space. Rental rates are really accelerating at just under 12%. They are growing cash to be distributed at about 8%. They have a 2.8% dividend that is growing faster than other apartment REITs. They have a strong balance sheet. They can get into more projects. They will add apartments in Toronto and Vancouver. It is one of his largest positions as a firm. (Analysts’ price target is $50.56) investment companies/funds 0 0 0 0 0 0 comments	Within the REIT sector, apartments are interesting because there is a real lack of rental space. Rental rates are really accelerating at just under 12%. They are growing cash to be distributed at about 8%. They have a 2.8% dividend that is growing faster than other apartment REITs. They have a strong balance sheet. They can get into more projects. They will add apartments in Toronto and Vancouver. It is one of his largest positions as a firm. (Analysts’ price target is $50.56) investment companies/funds 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $48.750 Owned Yes	Sign up or Log in to enjoy full view of charts.
TOP PICK	Mastercard Inc.(MA-N) February 7, 2019 It is a secular theme that goes beyond the business cycle. They are more focused on emerging markets, where the industry is growing faster than domestically. It does not matter if the business cycle slows down or not. (Analysts’ price target is $235.70) other services 0 0 0 0 0 0 comments	It is a secular theme that goes beyond the business cycle. They are more focused on emerging markets, where the industry is growing faster than domestically. It does not matter if the business cycle slows down or not. (Analysts’ price target is $235.70) other services 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $213.970 Owned Yes	Sign up or Log in to enjoy full view of charts.
TOP PICK	Servicenow(NOW-N) February 7, 2019 Software as a service. It is the strongest sector, period – in the last two years. It makes software that is used to manage workflow such as for companies that provide IT servicing. It is growing rapidly. 35% year over year. They have running room in front of them. (Analysts’ price target is $233.32) Technology 0 0 0 0 0 0 comments	Software as a service. It is the strongest sector, period – in the last two years. It makes software that is used to manage workflow such as for companies that provide IT servicing. It is growing rapidly. 35% year over year. They have running room in front of them. (Analysts’ price target is $233.32) Technology 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $226.960 Owned Yes	Sign up or Log in to enjoy full view of charts.
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. 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $0.020 Owned Unknown	Sign up or Log in to enjoy full view of charts.
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 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $42.470 Owned Unknown	Sign up or Log in to enjoy full view of charts.

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Stock Opinions by David Burrows - Stockchase Experts