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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David Burrows Latest Top Picks...

Stock Opinions by David Burrows - Stockchase Experts

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DON'T BUY
FedEx(FDX-N) 

September 19, 2018

He likes transports, which have recently made new highs. He would prefer a rail stock like CP or CSX or KSU. They benefit from North American strength. Look there instead of FedEx or UPS.

Transportation
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He likes transports, which have recently made new highs. He would prefer a rail stock like CP or CSX or KSU. They benefit from North American strength. Look there instead of FedEx or UPS.

Transportation
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David Burrows

President , Barometer Capital Ma...

Price Price
$242.880
Owned Owned
Unknown

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WAIT
Facebook(FB-Q) 

September 19, 2018

The stock has broken technically. All social media has been pressured. Short-run, there's noise. Until technicals improve, he won't enter this. He'd wait for a better entry point. Remember: a lot of investors who bought when the stock climbed to $220 will sell when FB rises to those levels again. Why wait for that?

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The stock has broken technically. All social media has been pressured. Short-run, there's noise. Until technicals improve, he won't enter this. He'd wait for a better entry point. Remember: a lot of investors who bought when the stock climbed to $220 will sell when FB rises to those levels again. Why wait for that?

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David Burrows

President , Barometer Capital Ma...

Price Price
$163.060
Owned Owned
Unknown

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DON'T BUY
Sun Life Financial Inc(SLF-T) 

September 19, 2018

Today, everything in financials rallied, including the lifecos. Rising rates benefit them. But the US banks look better. Instead, look at the ETF, KIE-N, to give you a basket of insurance companies. Today it broke new highs. SLF isn't the best house in a very good neighbourhood.

insurance
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Today, everything in financials rallied, including the lifecos. Rising rates benefit them. But the US banks look better. Instead, look at the ETF, KIE-N, to give you a basket of insurance companies. Today it broke new highs. SLF isn't the best house in a very good neighbourhood.

insurance
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David Burrows

President , Barometer Capital Ma...

Price Price
$52.320
Owned Owned
Unknown

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BUY
SPDR S&P Insurance ETF(KIE-N) 

September 19, 2018

Today, everything in financials rallied, including the lifecos. Rising rates benefit them. Look at this to give you a basket of insurance companies. Today it broke new highs. 

E.T.F.'s
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Today, everything in financials rallied, including the lifecos. Rising rates benefit them. Look at this to give you a basket of insurance companies. Today it broke new highs. 

E.T.F.'s
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David Burrows

President , Barometer Capital Ma...

Price Price
$32.480
Owned Owned
Yes

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PAST TOP PICK
Rio Tinto(RIO-N) 

September 19, 2018

(Past Top Pick, August 16, 2017, Up 16%) Sold in March around $55. He expects a near-term turn in the basic materials, which have enjoyed good recent weeks. Look at this space now.

other mines
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(Past Top Pick, August 16, 2017, Up 16%) Sold in March around $55. He expects a near-term turn in the basic materials, which have enjoyed good recent weeks. Look at this space now.

other mines
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David Burrows

President , Barometer Capital Ma...

Price Price
$49.280
Owned Owned
No

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PAST TOP PICK
Fortive Corp(FTV-N) 

September 19, 2018

(Past Top Pick, August 16, 2017, Up 31%) He likes the industrials, and companies in secular robotics. Great managers. It's outperforming the sector a lot. There's a chance of a slight pullback. This could lead this space if there's a strong fall.

INDUSTRIAL PRODUCTS
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(Past Top Pick, August 16, 2017, Up 31%) He likes the industrials, and companies in secular robotics. Great managers. It's outperforming the sector a lot. There's a chance of a slight pullback. This could lead this space if there's a strong fall.

INDUSTRIAL PRODUCTS
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David Burrows

President , Barometer Capital Ma...

Price Price
$85.990
Owned Owned
Yes

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BUY
Bank of America(BAC-N) 

September 19, 2018

Trading at 1x book value, and in past bull markets has traded at 3-4x that. Not expensive and he sees a lot of upside in the US market. The US economy is growing and there's a little inflation in the system--tthese are great conditions for BAC. (The US banks underperformed, because they had a great run from Sept. 2017 to Feb. 2018.)

banks
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Trading at 1x book value, and in past bull markets has traded at 3-4x that. Not expensive and he sees a lot of upside in the US market. The US economy is growing and there's a little inflation in the system--tthese are great conditions for BAC. (The US banks underperformed, because they had a great run from Sept. 2017 to Feb. 2018.)

banks
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David Burrows

President , Barometer Capital Ma...

Price Price
$31.000
Owned Owned
Yes

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TOP PICK
Hess Corp.(HES-N) 

September 19, 2018

Energy is bouncing back. Hess has resources in Mexico, North Sea and Africa (Guyana). They used their free cash flow to develop new resources, They found the largest new oil find in the last 20 years. They could produce a million barrels a day in Guyana by 2025. Great cash flow, and they do share buybacks. Great growth ahead. (1.4% dividend, Analysts' price target: $71.95)

integrated oils
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Energy is bouncing back. Hess has resources in Mexico, North Sea and Africa (Guyana). They used their free cash flow to develop new resources, They found the largest new oil find in the last 20 years. They could produce a million barrels a day in Guyana by 2025. Great cash flow, and they do share buybacks. Great growth ahead. (1.4% dividend, Analysts' price target: $71.95)

integrated oils
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David Burrows

President , Barometer Capital Ma...

Price Price
$69.420
Owned Owned
Yes

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TOP PICK
JP Morgan Chase & Co(JPM-N) 

September 19, 2018

They have $1.5 trillion in deposits. They're grown their dividend $12% a year over the last 5 years. Capital position equal to 12%, which is more than they need. Expect more dividend growth. They are the gorilla and will only get bigger. (2.7% dividend, Analysts' price target: $122.36)

Financial Services
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They have $1.5 trillion in deposits. They're grown their dividend $12% a year over the last 5 years. Capital position equal to 12%, which is more than they need. Expect more dividend growth. They are the gorilla and will only get bigger. (2.7% dividend, Analysts' price target: $122.36)

Financial Services
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David Burrows

President , Barometer Capital Ma...

Price Price
$117.620
Owned Owned
Yes

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TOP PICK
Boeing(BA-N) 

September 19, 2018

Two-thirds commercial jets, one-third is defence. They have a giant backlog of planes to deliver. They've grown their dividend 28% a year over the last 5 years. This will beat rising interest rates. Great runway ahead. (1.9% dividend, Analysts' price target: $412.63)

Transportation
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Two-thirds commercial jets, one-third is defence. They have a giant backlog of planes to deliver. They've grown their dividend 28% a year over the last 5 years. This will beat rising interest rates. Great runway ahead. (1.9% dividend, Analysts' price target: $412.63)

Transportation
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David Burrows

President , Barometer Capital Ma...

Price Price
$365.220
Owned Owned
Yes

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COMMENT
General Market Comment 

July 18, 2018

Market. He thinks the market breadth has been slowly expanding since March.  There has been no major correction that has occurred while market breadth was expanding.  The ValueLine 1700 stock index has hit an all-time high, telling you it is not just a handful of tech stocks leading the market higher.  He thinks the market is just starting the next bullish market surge.  There are more people short the S&P500 than in 2015.  Normally, markets reverse when everyone is “hanging out over their skis” – we are not there yet.  He holds 80% of their assets in the US and have been reducing their exposure in Canada due to the current investment horizon.    

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Market. He thinks the market breadth has been slowly expanding since March.  There has been no major correction that has occurred while market breadth was expanding.  The ValueLine 1700 stock index has hit an all-time high, telling you it is not just a handful of tech stocks leading the market higher.  He thinks the market is just starting the next bullish market surge.  There are more people short the S&P500 than in 2015.  Normally, markets reverse when everyone is “hanging out over their skis” – we are not there yet.  He holds 80% of their assets in the US and have been reducing their exposure in Canada due to the current investment horizon.    

Unknown
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David Burrows

President , Barometer Capital Ma...

Price Price
$0.020
Owned Owned
_N/A

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COMMENT
General Market Comment 

July 18, 2018

Technicals and trading. On technical charts he never will make a decision against what the technical chart is saying. He likes to invest in leadership sectors, like inflation based stocks now. He then will look at 150 day moving averages, and would not sell when the price was well below the moving average and he would not buy when the price was well above the average. He likes Point and Figure charts to scan for higher highs and higher lows.

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Technicals and trading. On technical charts he never will make a decision against what the technical chart is saying. He likes to invest in leadership sectors, like inflation based stocks now. He then will look at 150 day moving averages, and would not sell when the price was well below the moving average and he would not buy when the price was well above the average. He likes Point and Figure charts to scan for higher highs and higher lows.

Unknown
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0 comments
David Burrows

President , Barometer Capital Ma...

Price Price
$0.020
Owned Owned
_N/A

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COMMENT
General Market Comment 

July 18, 2018

Where are oil prices going? He thinks oil prices are near the lower end of the trading range and more likely to go higher.  He would own the best companies in the group as this is a cyclical sector, but not make it a major holding in his portfolio.  

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Where are oil prices going? He thinks oil prices are near the lower end of the trading range and more likely to go higher.  He would own the best companies in the group as this is a cyclical sector, but not make it a major holding in his portfolio.  

Unknown
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David Burrows

President , Barometer Capital Ma...

Price Price
$0.020
Owned Owned
_N/A

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COMMENT
General Market Comment 

July 18, 2018

Should I sell my negative holdings as the market is trading a record highs? This requires the leap that you are moving on to a better place.  Would I be a buyer of these holdings today?  If not, then take at least or half or more off the table and watch how things progress.  If they are not in the sunshine, be careful.  You want to own things participating now.  There are many months of higher stock prices yet to come.  

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Should I sell my negative holdings as the market is trading a record highs? This requires the leap that you are moving on to a better place.  Would I be a buyer of these holdings today?  If not, then take at least or half or more off the table and watch how things progress.  If they are not in the sunshine, be careful.  You want to own things participating now.  There are many months of higher stock prices yet to come.  

Unknown
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David Burrows

President , Barometer Capital Ma...

Price Price
$0.020
Owned Owned
_N/A

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WATCH

The home building and material sector has gone through a correction over the past few months.  He believes the bull cycle will resume and thinks this could be starting now.  He just doesn’t think this is one of the leaders in the group.  He would like to see a move back above $145 before he would get excited.  He would favour Home Depot instead.  

misc industrial products
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The home building and material sector has gone through a correction over the past few months.  He believes the bull cycle will resume and thinks this could be starting now.  He just doesn’t think this is one of the leaders in the group.  He would like to see a move back above $145 before he would get excited.  He would favour Home Depot instead.  

misc industrial products
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David Burrows

President , Barometer Capital Ma...

Price Price
$138.270
Owned Owned
No

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