Viewing Expert David Burrows | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

David Burrows , President & Chief Investment Strategist

Barometer Capital Management


Date Signal Chart Symbol Company Opinion Price
2017-02-14 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. A new bull market was started in 2013 and we have lived through the 1st major correction of a long-term bull market that ended in February 2016. Since February, economic data, price behaviour in the market and leadership has slowly been improving. We made new all-time highs in July in the S&P 500. Cyclicals that are leading the market, started to lead in June signalling a transition from a market driven by interest rates, to one driven by earnings. The groups that have been leading since then are the groups that led through the election period. Then we made new all-time highs again over the last few days. The market is showing steady improvement, and there is no deterioration. Earnings growth is coming in a little ahead of expectations. In a strengthening market, you always want to look for low correlations, i.e. stocks that are not behaving like one another. That is very healthy in a market. There is no bear market or major correction in history that happened while breadth was expanding. The simplest way to determine what type of market you are in is to look at the way the market reacts to news. If a market can handle bad news and rally, don’t fight it.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
_N/A
2017-02-14 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Diversified investing? Looking at a fully invested equity portfolio of 20 to 40 securities, he starts with a 2%-2.5% weighting. A full weighting is 5%. If he had 20 positions, it would be about 5% weight. He picks companies, not size. Prefers an equal weight portfolio, but you want representation from different types of companies, i.e. different industries, different market sizes.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
_N/A
2017-02-14 WEAK BUY Must be logged in to use chart AGU-T Agrium

Agricultural is starting to perform better. This one gives you great exposure across retail and products. It is very close to making new highs. This is the right time of the year to be buying agriculture stocks. He wouldn’t have a problem buying this, but the group is not one of the strongest sectors in the market. He prefers other places.


Price:
$140.100
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2017-02-14 STRONG BUY Must be logged in to use chart BAC-N Bank of America

Has used this a few times as a Top Pick over the last 6 months. If he had to pick one bank in the US, this would probably be it. Very domestically focused. He likes the improvement that is going on in the US economy. They are an enormous beneficiary of rising interest rates. In the most recent quarter, there was one interest rate increase, and this bank had an additional $600 million of earnings from one interest rate increase. Trading at just over 1X BV. You are going to get dividend growth, earnings growth and multiple expansion. This has 5-6 years in front of it.


Price:
$24.060
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-02-14 BUY Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

A great business. In asset management, you get paid a fee to manage assets. If you a do a great job in buying them, then people will give you money to manage for them and they’ll pay you an ongoing fee. They’ve done a great job of building a diverse set of holdings, and have had very, very steady growth in cash flow. Technically, it has just broken out. He likes asset management. Prefers asset management in a developed market public equities today, as he thinks that is where things are going. However, this will be a very steady hold. This is a good time to be entering the stock.


Price:
$48.080
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2017-02-14 DON'T BUY Must be logged in to use chart BX-N Blackstone Group LP

KKR & Co (KKR-N) or Blackstone (BX-N)? He prefers an asset manager that is focused on public market equities. Asset classes are always being revalued. At certain times, certain asset classes do better than others. We have just gone through 10 years where regulation, compliance and rules around being a public company went through the roof, and it became very, very expensive. During that time, managing investing in private companies became very attractive, as they didn’t have the same problems. However, many private companies trade at higher valuations than public market companies, and yet public market companies are liquid every day and can be bought or sold. We have entered a period of many years where public market equities and developed markets, are likely to outperform. Asset managers in that area are under-owned and under-loved, and things changing for the better. Multiples are expanding. Prefers Morgan Stanley (MS-N).


Price:
$30.450
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2017-02-14 COMMENT Must be logged in to use chart CSX-Q CSX Corp

He likes the US stock market right now and the sectors that are economically sensitive. Transports are very economically sensitive. This one has been a remarkable performer in this market. Part of this is that there is some expectation that Hunter Harrison is going to get his hands on this and try to work his magic. Because of this, the stock has really responded incredibly well over the last 6 weeks, and is a bit extended now.


Price:
$48.000
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2017-02-14 BUY Must be logged in to use chart DOL-T Dollarama Inc.

Even though retail has lagged a little, this company has a very specifically strong business model. If you want to have some exposure, he wouldn’t have a problem owning it.


Price:
$102.650
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2017-02-14 TOP PICK Must be logged in to use chart DOW-N Dow Chemical

This is a good company that is getting better. They are merging into DuPont (DD-N), and will wind up splitting into 3 pieces. The US has the lowest cost natural gas globally. In chemical companies, natural gas is the biggest cost. There are very persistent low natural gas prices because of what has happened with fracing in the US. The merging companies will likely unlock some value. They generated about a 20% dividend growth over the last 5 years. Dividend yield of 3.01%. (Analysts’ price target is $67.06.)


Price:
$61.720
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-02-14 COMMENT Must be logged in to use chart EA-Q Electronics Arts Inc

He really likes the video game space. You make money if you find a company or industry that is perceived to be good to begin with, but where there is some change that has taken place that allows them to take their business to a whole different level. It used to be that you would buy a disc to upgrade a videogame. Now you download a game, and you are in the heat of a battle, and you pay extra for another weapon. Their ability to generate cash from their properties has gone markedly upward. So, the multiple you pay for that business should expand. Not only are earnings growing, but the multiple of earnings that people are willing to pay is growing.


Price:
$86.060
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-02-14 PAST TOP PICK Must be logged in to use chart GE-N General Electric

(A Top Pick Feb 18/16. Up 6.26%.) Industrials have been a theme for him over the course of the year. About 20% of his portfolios are industrials, which is probably the most under-owned sector of the market, but the one with the most upside as we go out over the next 5 years.


Price:
$30.280
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-02-14 PAST TOP PICK Must be logged in to use chart GOOG-Q Alphabet Inc (C)

(A Top Pick Feb 18/16. Up 17.92%.) Technology has been a theme for him all year. This continues to perform really, really well. At that time, the biggest things were the things that were working best. Over the course of the year, he has moved to include mid and smaller cap securities.


Price:
$820.450
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-02-14 TOP PICK Must be logged in to use chart HD-N Home Depot

He likes owning companies that can grow a dividend. This has about 2,200 locations and has been growing same-store sales at about 7% for the last 5 years. They’ve grown their dividend 21% a year over the last 5 years. If you think the consumer is improving, this is a good place to go. Technically, after having consolidated over the last year, the stock is breaking out. Dividend yield of 1.96%. (Analysts’ price target is $148.67.)


Price:
$141.360
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-02-14 COMMENT Must be logged in to use chart IBM-N IBM

There is lots working in large cap technology. The difficulty he has is that they are having a hard time growing. The stock is acting well and is certainly participating. He prefers Microsoft (MSFT-Q).


Price:
$180.130
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2017-02-14 DON'T BUY Must be logged in to use chart KKR-N KKR & Co. LP

KKR & Co (KKR-N) or Blackstone (BX-N)? He prefers an asset manager that is focused on public market equities. Asset classes are always being revalued. At certain times, certain asset classes do better than others. We have just gone through 10 years where regulation, compliance and rules around being a public company went through the roof, and it became very, very expensive. During that time, managing investing in private companies became very attractive, as they didn’t have the same problems. However, many private companies trade at higher valuations than public market companies, and yet public market companies are liquid every day and can be bought or sold. We have entered a period of many years where public market equities and developed markets, are likely to outperform. Asset managers in that area are under-owned and under-loved, and things are changing for the better. Multiples are expanding. Prefers Morgan Stanley (MS-N).


Price:
$18.010
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
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