David Burrows
Member since: Jun '01
President & Chief Investment Strategist at
Barometer Capital Management
Barometer Capital Management
4552 Opinions
Latest Top Picks
(A Top Pick Feb 07/19, Up 16%) He has really liked the apartment REITs because rents have been growing very nicely. The distributions are going up and you get a nice yield. There is a tone of money crowded into companies with high dividends but little dividend growth. Canada needs more rental housing.
(A Top Pick Feb 07/19, Up 48%) They are growing earnings at about 20% last year and next. The dividend has grown 20% per year over the last 5 years. These are the kind of companies to own in this kind of environment. He would own V-N and MA-N both.
(A Top Pick Feb 07/19, Up 35%) He sold last summer because there was too much volatility. It trades at 100 times earnings. It is a great business but had a bit of a pull back over the summer. He has stop losses on all his holdings. It is a great company but he had to come out in the summer on the pull back.
It is the best US rail you could own. It ties the gulf coast of the US to northern Mexico. US/Mexican trade is growing at about 13%. It has a secular growth backdrop with a cyclical re-acceleration. They have an internal cost reduction program that will take their operating costs down. We are going to get ratification of the North American free trade agreement. (Analysts’ price target is $165.76)
He is not a gold bug however he is big on structural themes and golds have been making a big turn. It would have the largest new deposit in the world. Theirs is a great asset in a group that is hated. He thinks we are into a reflationary cycle and the golds are set up to perform quite well. (Analysts’ price target is $11.97)
Signal
Opinion
Expert
Chart
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January 16, 2020
Market. Getting out of Bombardier: He has been one of the major sellers. He uses stops on every position. If it doesn’t work out then he is gone. This is a position he cut back some time ago. It was a big position for him. In the end he looked deeply at fundaments and price was not doing what he thought it should do and it was ultimately the stop loss that took him out. If a stock gets hurt in a bull market then there are other things to do. Don't try to pick bottoms. There are an army of unhappy shareholders that just want to get their money back out of the stock. Many markets, unlike the S&P are only just breaking out of multi-year sideways choppy markets. France Switzerland, Taiwan, Japan, for example. More and more markets are joining the rally. He would fully expect a 2-5% correction over the next few weeks. The risk/reward is in equities.
Show full opinionHide full opinion
Market. Getting out of Bombardier: He has been one of the major sellers. He uses stops on every position. If it doesn’t work out then he is gone. This is a position he cut back some time ago. It was a big position for him. In the end he looked deeply at fundaments and price was not doing what he thought it should do and it was ultimately the stop loss that took him out. If a stock gets hurt in a bull market then there are other things to do. Don't try to pick bottoms. There are an army of unhappy shareholders that just want to get their money back out of the stock. Many markets, unlike the S&P are only just breaking out of multi-year sideways choppy markets. France Switzerland, Taiwan, Japan, for example. More and more markets are joining the rally. He would fully expect a 2-5% correction over the next few weeks. The risk/reward is in equities.
BUY
BUY
January 16, 2020
He likes software. Technology as a sector is a theme he will continue to like. IGV is an ETF you can buy to get a basket. He would like LRCX-N this time of year. These are more economically sensitive than others.
Show full opinionHide full opinionHe likes software. Technology as a sector is a theme he will continue to like. IGV is an ETF you can buy to get a basket. He would like LRCX-N this time of year. These are more economically sensitive than others.
BUY
BUY
January 16, 2020
In many ways MSFT-Q is in fact the QQQ-Q index. If you had to pick 5 stocks, this would probably be one of them. He thinks cloud will grow between 20-30% for the next 5 years. Despite a pull back in the markets at any time, this one should perform fairly well this year.
computer software/processing
BUY
BUY
January 16, 2020
CP-T vs. CNR-T. CP-T was at $220 in 2014 and broke out from there last year. It consolidated for 5 years. This is a great way to participate in economic growth.
CP-T vs. CNR-T. CP-T was at $220 in 2014 and broke out from there last year. It consolidated for 5 years. This is a great way to participate in economic growth.
Transportation
BUY
BUY
January 16, 2020
CP-T vs. CNR-T. CP-T was at $220 in 2014 and broke out from there last year. It consolidated for 5 years. This is a great way to participate in economic growth.
CP-T vs. CNR-T. CP-T was at $220 in 2014 and broke out from there last year. It consolidated for 5 years. This is a great way to participate in economic growth.
Transportation
DON'T BUY
DON'T BUY
January 16, 2020
Energy continues to be challenged. Unless you have the very best assets, there continues to be risk. Blackrock, for example, is forsaking energy in their investing. CVE-T has been trying to base out here. The energy sector needs to do more work. If he had to pick one name he would probably buy CNQ-T. It has been outperforming the S&P lately.
Energy continues to be challenged. Unless you have the very best assets, there continues to be risk. Blackrock, for example, is forsaking energy in their investing. CVE-T has been trying to base out here. The energy sector needs to do more work. If he had to pick one name he would probably buy CNQ-T. It has been outperforming the S&P lately.
oil/gas
HOLD
HOLD
January 16, 2020
It has had a great move since June. It is going to run into resistance in the high $70 range. He thinks you should focus on companies that get a boost from a stronger economy. We have come off a mid-cycle slow down. Earnings growth at CVS-N is in the single digits but less likely to get a boost from a stronger economy. He thinks it will under-perform the general market over the next year.
Show full opinionHide full opinionIt has had a great move since June. It is going to run into resistance in the high $70 range. He thinks you should focus on companies that get a boost from a stronger economy. We have come off a mid-cycle slow down. Earnings growth at CVS-N is in the single digits but less likely to get a boost from a stronger economy. He thinks it will under-perform the general market over the next year.
specialty stores
BUY
BUY
January 16, 2020
It has benefited from the secular multiyear theme in moving transactions to digital. They are the giant among the key gatekeepers. They will continue to grow rapidly. It has global exposure and all the major new technologies link into it.
Show full opinionHide full opinionIt has benefited from the secular multiyear theme in moving transactions to digital. They are the giant among the key gatekeepers. They will continue to grow rapidly. It has global exposure and all the major new technologies link into it.
other services
BUY
BUY
January 16, 2020
It under-performed last year. It has a wonderful portfolio of assets. It should perform well in a strengthening economy. He would be a buyer here. They are able to make great purchases when the opportunities arise.
Show full opinionHide full opinionIt under-performed last year. It has a wonderful portfolio of assets. It should perform well in a strengthening economy. He would be a buyer here. They are able to make great purchases when the opportunities arise.
insurance
BUY
BUY
January 16, 2020
It has been hitting record highs. It is among their top 5 holdings They upgraded their fleet. Their purchase of Aeroplan will be very accretive. There is room for them to grow nicely.
Show full opinionHide full opinionIt has been hitting record highs. It is among their top 5 holdings They upgraded their fleet. Their purchase of Aeroplan will be very accretive. There is room for them to grow nicely.
Transportation
BUY
BUY
January 16, 2020
The index providers and bond rating companies have a whim in what is going on in China. A lot of new debt being issued is from China. As long as we have companies issuing new paper there will be demand for these companies.
Show full opinionHide full opinionThe index providers and bond rating companies have a whim in what is going on in China. A lot of new debt being issued is from China. As long as we have companies issuing new paper there will be demand for these companies.
Financial Services
PAST TOP PICK
PAST TOP PICK
January 16, 2020
(A Top Pick Feb 07/19, Up 16%) He has really liked the apartment REITs because rents have been growing very nicely. The distributions are going up and you get a nice yield. There is a tone of money crowded into companies with high dividends but little dividend growth. Canada needs more rental housing.
Show full opinionHide full opinion(A Top Pick Feb 07/19, Up 16%) He has really liked the apartment REITs because rents have been growing very nicely. The distributions are going up and you get a nice yield. There is a tone of money crowded into companies with high dividends but little dividend growth. Canada needs more rental housing.
investment companies/funds
PAST TOP PICK
PAST TOP PICK
January 16, 2020
(A Top Pick Feb 07/19, Up 48%) They are growing earnings at about 20% last year and next. The dividend has grown 20% per year over the last 5 years. These are the kind of companies to own in this kind of environment. He would own V-N and MA-N both.
other services
PAST TOP PICK
PAST TOP PICK
January 16, 2020
(A Top Pick Feb 07/19, Up 35%) He sold last summer because there was too much volatility. It trades at 100 times earnings. It is a great business but had a bit of a pull back over the summer. He has stop losses on all his holdings. It is a great company but he had to come out in the summer on the pull back.
Show full opinionHide full opinion(A Top Pick Feb 07/19, Up 35%) He sold last summer because there was too much volatility. It trades at 100 times earnings. It is a great business but had a bit of a pull back over the summer. He has stop losses on all his holdings. It is a great company but he had to come out in the summer on the pull back.
Technology
DON'T BUY
DON'T BUY
January 16, 2020
They all went through a correction in 2018 and several got cut in half. The group seems to have taken a turn. He would tend to pick Electronic Arts.
Show full opinionHide full opinionThey all went through a correction in 2018 and several got cut in half. The group seems to have taken a turn. He would tend to pick Electronic Arts.
computer software/processing
COMMENT
COMMENT
January 16, 2020
In the payment space it is really attractive and has been a hugely successful issue. He would like to do more comment on it.
Show full opinionHide full opinionIn the payment space it is really attractive and has been a hugely successful issue. He would like to do more comment on it.
BUY
BUY
January 16, 2020
His key focus is macro. The Taiwan ETF is one of his holdings currently. He is a big fan of the semiconductor cycle. Both producers and equipment companies are beneficiaries of a stronger economy. The whole region is more attractive. When you break out of a range like that it is just the beginning. You could also own AIA or DXJ. EWY is a play on Samsung.
Show full opinionHide full opinionHis key focus is macro. The Taiwan ETF is one of his holdings currently. He is a big fan of the semiconductor cycle. Both producers and equipment companies are beneficiaries of a stronger economy. The whole region is more attractive. When you break out of a range like that it is just the beginning. You could also own AIA or DXJ. EWY is a play on Samsung.
E.T.F.'s
DON'T BUY
DON'T BUY
January 16, 2020
The problem is that they are not making money and won't for quite some time. There will be opportunities to buy this stock.
Show full opinionHide full opinionThe problem is that they are not making money and won't for quite some time. There will be opportunities to buy this stock.
Technology
N/A
N/A
January 16, 2020
Stop Losses on Banks. He uses a point a figure chart. It takes a long time to learn how to read them. For a longer term investor, use a 150 day moving average. If you are trading above this line then it is your friend.
Show full opinionHide full opinionStop Losses on Banks. He uses a point a figure chart. It takes a long time to learn how to read them. For a longer term investor, use a 150 day moving average. If you are trading above this line then it is your friend.
N/A
N/A
January 16, 2020
Banks. He thinks that this year financial services will do well but he prefers US banks. The multiples are less than Canadian and they are global behemoths. He does own two Canadian banks, however: BMO-T and NA-T. He would prefer BAC.N or JPM-N.
Show full opinionHide full opinionBanks. He thinks that this year financial services will do well but he prefers US banks. The multiples are less than Canadian and they are global behemoths. He does own two Canadian banks, however: BMO-T and NA-T. He would prefer BAC.N or JPM-N.
STRONG BUY
STRONG BUY
January 16, 2020
It has been a wonderful holding for people. Their business model is a good one. If you owned only 5 stocks then this could be one of them.
Show full opinionHide full opinionIt has been a wonderful holding for people. Their business model is a good one. If you owned only 5 stocks then this could be one of them.
management/diversified
BUY
BUY
January 16, 2020
It is a steady performer. 15% per year dividend growth. The stock has traded in a range until recently when it broke out to new highs. The group as a whole is behaving well. He likes the combination of assets and their opportunity for streaming in this area. (Analysts’ price target is $51.00)
Show full opinionHide full opinionIt is a steady performer. 15% per year dividend growth. The stock has traded in a range until recently when it broke out to new highs. The group as a whole is behaving well. He likes the combination of assets and their opportunity for streaming in this area. (Analysts’ price target is $51.00)
Cable
DON'T BUY
DON'T BUY
January 16, 2020
You own JPM-N and WFC-N and the first is great and the second has lots of problems. Single stock names will outperform their indices.
E.T.F.'s
BUY
BUY
January 16, 2020
Logistics business. It is software as a service with 90% of revenue is recurring and growing rapidly. Online retail is a new sector for them. It will grow for many years.
Show full opinionHide full opinionLogistics business. It is software as a service with 90% of revenue is recurring and growing rapidly. Online retail is a new sector for them. It will grow for many years.
computer software/processing
BUY
BUY
January 16, 2020
It is a leader in its space. They have so many levers to pull. They are always reinventing themselves and are very well managed. You don’t have to worry about the economy.
Show full opinionHide full opinionIt is a leader in its space. They have so many levers to pull. They are always reinventing themselves and are very well managed. You don’t have to worry about the economy.
food services
TOP PICK
TOP PICK
January 16, 2020
It is the best US rail you could own. It ties the gulf coast of the US to northern Mexico. US/Mexican trade is growing at about 13%. It has a secular growth backdrop with a cyclical re-acceleration. They have an internal cost reduction program that will take their operating costs down. We are going to get ratification of the North American free trade agreement. (Analysts’ price target is $165.76)
Show full opinionHide full opinionIt is the best US rail you could own. It ties the gulf coast of the US to northern Mexico. US/Mexican trade is growing at about 13%. It has a secular growth backdrop with a cyclical re-acceleration. They have an internal cost reduction program that will take their operating costs down. We are going to get ratification of the North American free trade agreement. (Analysts’ price target is $165.76)
Transportation
TOP PICK
TOP PICK
January 16, 2020
He is not a gold bug however he is big on structural themes and golds have been making a big turn. It would have the largest new deposit in the world. Theirs is a great asset in a group that is hated. He thinks we are into a reflationary cycle and the golds are set up to perform quite well. (Analysts’ price target is $11.97)
Show full opinionHide full opinionHe is not a gold bug however he is big on structural themes and golds have been making a big turn. It would have the largest new deposit in the world. Theirs is a great asset in a group that is hated. He thinks we are into a reflationary cycle and the golds are set up to perform quite well. (Analysts’ price target is $11.97)
precious metals
TOP PICK
TOP PICK
January 16, 2020
It is going to be a good year for equities. There have been steady redemptions out of equities management companies. These guys had good returns and good flows even as ETFs were becoming all the rage. (Analysts’ price target is $130.57)
Show full opinionHide full opinionIt is going to be a good year for equities. There have been steady redemptions out of equities management companies. These guys had good returns and good flows even as ETFs were becoming all the rage. (Analysts’ price target is $130.57)
investment companies/funds
COMMENT
COMMENT
November 20, 2019
Market Outlook When he was on in January, the end of 2018 was very weak. He thought then it was a correction in a bull market. Now, we have taken out 2018 highs, economically sensitive sectors like finance and tech have made new highs. This is not the sign of the end of the bull market. He thinks we have another 24-30 months of upside. Investors are not positioned for this as they have worried about Trump, trade wars, etc. Money has moved into highly defensive sectors instead like telcos and REITs. We are set up for a good run ahead of us.
Show full opinionHide full opinionMarket Outlook When he was on in January, the end of 2018 was very weak. He thought then it was a correction in a bull market. Now, we have taken out 2018 highs, economically sensitive sectors like finance and tech have made new highs. This is not the sign of the end of the bull market. He thinks we have another 24-30 months of upside. Investors are not positioned for this as they have worried about Trump, trade wars, etc. Money has moved into highly defensive sectors instead like telcos and REITs. We are set up for a good run ahead of us.
BUY
BUY
November 20, 2019
Despite fears of recession and slow down, we have seen a nice turnaround over the last 8 weeks in autos. MG-T has little exposure to China trade issues. It pays a nice dividend and has a free cash flow yield of 13%. He expects an acceleration in manufacturing is coming and there is strong consumer spending. Yield 2.6%
Show full opinionHide full opinionDespite fears of recession and slow down, we have seen a nice turnaround over the last 8 weeks in autos. MG-T has little exposure to China trade issues. It pays a nice dividend and has a free cash flow yield of 13%. He expects an acceleration in manufacturing is coming and there is strong consumer spending. Yield 2.6%
Automotive
Comments
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