Barometer Capital Management
Latest Top Picks
It's made great strides to compete with Amazon with next-day delivery. He'd still prefer Amazon, but Walmart will continue to do well. Discount retailers will. Amazon could pull back in this earnings period.
The semis have led the rally. There's short-term risk, and Intel has been struggling lately. He'd prefer AMD and Taiwan Semi. 5G is just starting and has a lot of growth for years to come.
The semis have led the rally. There's short-term risk, and Intel has been struggling lately. He'd prefer AMD and Taiwan Semi. 5G is just starting and has a lot of growth for years to come.
Walmart? It's made great strides to compete with Amazon with next-day delivery. He'd still prefer Amazon, but Walmart will continue to do well. Discount retailers will. Amazon could pull back in this earnings period.
Tech and high-dividend payers are the most crowded parts of the market. Since the late-March bottom, any high-dividend payers has undeperformed. Utilities are really underperforming (but pay a yield) as are the banks. Where to go from here? This is a generational low in yields, which will, in coming years, will work their way higher. So pick your spots now: banks, like BAC and TD. There's near-term risk if COVID news doesn't get better which will increase insolvencies. He doesn't love the banks now, but he would pick TD.
Tech and high-dividend payers are the most crowded parts of the market. Since the late-March bottom, any high-dividend payers has undeperformed. Utilities are really underperforming (but pay a yield) as are the banks. Where to go from here? This is a generational low in yields, which will, in coming years, will work their way higher. So pick your spots now: banks, like BAC and TD. There's near-term risk if COVID news doesn't get better which will increase insolvencies. He doesn't love the banks now, but he would pick TD.
GDXJ gives him blanket exposure in gold. He owns a lot of gold stocks, including Newmont, Barrick and Kirkland Lake. You can get exposure to juniors through Dundee Precious Metals (he owns). All are interesting. GDXJ is not a bad way to get gold exposure.
GDXJ gives him blanket exposure in gold. He owns a lot of gold stocks, including Newmont, Barrick and Kirkland Lake. You can get exposure to juniors through Dundee Precious Metals (he owns). All are interesting. GDXJ is not a bad way to get gold exposure.
Near-term, he's cautious about the energy sector. XOM has a broad base of assets and pays a high 8% dividend, but is underperforming the S&P. XOM has been struggling as a stock. He prefers a company outperforming peers, such as CNQ. CNQ pays a 6.5% dividend.
Exxon Mobil (XOM)? Near-term, he's cautious about the energy sector. XOM has a broad base of assets and pays a high 8% dividend, but is underperforming the S&P. XOM has been struggling as a stock. He prefers a company outperforming peers, such as CNQ. CNQ pays a 6.8% dividend. It's had rising relative strength since the market bottomed, from $6.50 to $8.50 today. CNQ has made most of the investments they need for coming years, so CNQ has become a cash-flow vehicle.
Exxon Mobil (XOM)? Near-term, he's cautious about the energy sector. XOM has a broad base of assets and pays a high 8% dividend, but is underperforming the S&P. XOM has been struggling as a stock. He prefers a company outperforming peers, such as CNQ. CNQ pays a 6.8% dividend. It's had rising relative strength since the market bottomed, from $6.50 to $8.50 today. CNQ has made most of the investments they need for coming years, so CNQ has become a cash-flow vehicle.
He has SPGI right now from this industry. There will be a ton of debt issued in the near term so he likes this industry and feels it is going to benefit from the process we are going through.
He has SPGI right now from this industry. There will be a ton of debt issued in the near term so he likes this industry and feels it is going to benefit from the process we are going through.
The very big picture is that we are around generational lows in interest rates. Coming out of this you may see the long end of the bond market selloff and this is good for banks. In terms of solvency issues coming out of COVID that would be a real risk. He bought two others as the market made a turn. In the last two weeks the banks gave up their gains. He is personally short WFC-N. It is now well below the lows. He believes the markets will correct but be careful of buying the weakest bank in the sector. JPM-N or C-N would be preferred to watch.
The very big picture is that we are around generational lows in interest rates. Coming out of this you may see the long end of the bond market selloff and this is good for banks. In terms of solvency issues coming out of COVID that would be a real risk. He bought two others as the market made a turn. In the last two weeks the banks gave up their gains. He is personally short WFC-N. It is now well below the lows. He believes the markets will correct but be careful of buying the weakest bank in the sector. JPM-N or C-N would be preferred to watch.
