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Compiling comments that experts make about stocks while on public TV.

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David Burrows , President

Barometer Capital Management


Date Signal Chart Symbol Company Opinion Price
2015-07-09 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. His focus for 18-24 months has been on US equities. If he had to choose any place on earth to be in equity markets, it would be the US. There are some near-term macro factors that are having an impact on psychology, impacting Europe and Greece, but we have to be getting very close to an inflection point there. Given the news flow that has been coming out of Europe and given the news flow that has come out of China, when you look at the leading sectors in the US markets which are very clear, financials, consumer, healthcare and technology, they are hanging in remarkably well. You always have to assess risk in a market by looking at the way the market handles news. We have seen many days where the market has opened down hard and come back through the day. The US consumer driven economy is slowly getting better and lower energy prices are a big help to that. We have just come through the 3-4 weeks of the quiet period before earnings, and when you have a lack of news, the world tends to focus on the macro. The 2nd thing that happens during that period leading up to earnings is that corporations, who have been huge buyers of their own shares, our out of the market, they can’t be buying. We are about 2 weeks away from corporations coming back to market, and he expects US corporations will buy back as much as $1 trillion worth of their shares over the course of this year.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL on US EQUITIES
Owned:
_N/A
2015-07-09 DON'T BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Canadian Banks? If you are making new investments you want to focus on things that are doing well currently. You don’t want to hope that things are going to get better. When he looks at the Canadian banks versus the US banks, low energy prices are a hindrance to our economy. The Canadian economy is slowing and it is very possible we get a rate cut shortly. Canadian banks are exposed to the Canadian economy. He would focus more on US banks.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL on US EQUITIES
Owned:
Unknown
2015-07-09 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Stocks. You have some big shift that takes place in an underlying economy, that causes not only earnings to grow, but as people recognize that it is a good thing, they are willing to pay a higher and higher multiple of earnings for stock. From 1982 to 2000, the multiple for the S&P went from 7X earnings to eventually 30X earnings. From 2000 through 2012, money slowly left equities for real estate, China, emerging markets and commodities. The multiple in the market contracted every year for 12 years. That meant people were becoming more and more pessimistic. In 2013, stocks made its 1st new high since 2000 and a multiple expanded for the 1st time in 13 years. When that begins, it tends to go on for many years. Secular bull markets tend to go on for 10-12 years.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL on US EQUITIES
Owned:
_N/A
2015-07-09 PAST TOP PICK Must be logged in to use chart AAPL-Q Apple

(A Top Pick July 24/14. Up 25.91%.) This is getting caught up in what is going on in the market. There are very clearly rising moving averages. Stock has been basically trading in a range of $120-$134. Earnings are coming up and we are going to get a clearer picture there. Technically this is not broken at all.


Price:
$120.070
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL on US EQUITIES
Owned:
Yes
2015-07-09 SELL Must be logged in to use chart BBD.B-T Bombardier Inc (B)

This is a company that has underperformed for quite some time. There had been a lot of hopes pinned on some of their new jets, and it looks like they are going to be delaying their global jets further. Stock keeps hitting new lows. If you own, he thinks you should take your lumps and move on.


Price:
$2.000
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL on US EQUITIES
Owned:
No
2015-07-09 DON'T BUY Must be logged in to use chart BEP.UN-T Brookfield Renewable Energy

Doesn’t own a lot of infrastructure, but does own the parent of this company which he thinks looks quite good. This one has basically been trading sideways through the course of this year. The revenue side and the earnings side have been a little bit spotty. There are probably better places to look.


Price:
$35.300
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL on US EQUITIES
Owned:
No
2015-07-09 BUY Must be logged in to use chart C-N CitiGroup

This is a great buy here. Thinks there has been a change in the direction of long-term interest rates. With that comes a tailwind for financial services, especially the big banks. This is inexpensive and is trading below BV. They are likely to start making money on their net interest margins. Technically the stock broke out just 2 weeks ago to make a new high at $57. Expects very good dividend growth as we go forward. (See Top Picks.)


Price:
$53.710
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL on US EQUITIES
Owned:
Unknown
2015-07-09 DON'T BUY Must be logged in to use chart CPG-T Crescent Point Energy Corp

This group is under pressure. A lot of people bought energy over the last several months thinking it is cheap and that oil prices have to move higher. His contention is that with lots of capital available and new technology that is very efficient at finding new energy, it is likely that the price deck is going to stay low for quite some time. Hedge funds, in particular, went double weight this year, and in the last few weeks, have been throwing in the towel. In this company, the risk is that we are trading virtually on the lows and a lot of people owned this for the dividends. If for some reason the company decides they are going to need to cut the dividend, there are a lot of people that are going to sell their stock.


Price:
$26.070
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL on US EQUITIES
Owned:
No
2015-07-09 PAST TOP PICK Must be logged in to use chart CXO-N Concho Resources

(A Top Pick July 24/14. Down 25.58%.) Coming into the summer of last year, 40% of his portfolios were in producers, service companies and pipelines. On July 6 his model turned lower. Over the course of July and August, all of his producers had to come out of the portfolio. Then through the fall, the pipelines came out.


Price:
$109.490
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL on US EQUITIES
Owned:
No
2015-07-09 PAST TOP PICK Must be logged in to use chart DIS-N Walt Disney

(A Top Pick July 24/14. Up 35.62%.) When consumers have a bit more money, they spend it on travel, going to the movies, etc, and this company happens to be in the centre of all that. They continue to churn out product and new content. Their theme parks are doing remarkably well. They have a great runway of products coming in front of them. Great dividend growth.


Price:
$115.600
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL on US EQUITIES
Owned:
Yes
2015-07-09 COMMENT Must be logged in to use chart DOL-T Dollarama Inc.

Retail is one of the few sectors that has been performing well in Canada. This is in an interesting position because they build a new store and pay it back in about 2 years. There is a lot of room for them to add new stores. Have been slowly taking their price point higher, and as they raise the average price of products, their profit goes higher.


Price:
$74.740
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL on US EQUITIES
Owned:
Yes
2015-07-09 TOP PICK Must be logged in to use chart EA-Q Electronics Arts Inc

This company sells something that is not that expensive and that people get hours and hours of use out of, so there is a very good value proposition. They have the strongest franchise in video games by far. Have all of the big Madden football, FIFA soccer, etc. These are games that people renew almost every year. Right now the market is in the midst of a console transition to PlayStation 4 and Xbox 1. Historically the 3rd year of that transition is the strongest year and we are headed into that year. The market is moving to an online sales model, so people are buying these games and upgrades digitally as opposed to going into a store. This means the company gets a much better profit margin. They’ll generate close to $1 billion in cash in 2016. They are going to release the new Star Wars game. Initially said they were going to sell 1 million copies, but have now updated that to about 11.5 million copies.


Price:
$70.500
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL on US EQUITIES
Owned:
Yes
2015-07-09 DON'T BUY Must be logged in to use chart EMR-N Emerson Electric

This has gone from earnings growth to earnings deterioration. Earnings are expected to be down 18% this quarter. Missed their estimates by 15% and revenue is turning negative. They are impacted by the strong US$, as about 46% of their sales are in Canada and the US, and the rest is international. Industrials are not leading this market. Companies that have a lot of global sales are having a tougher time in general. Also, they are not seeing growth in their earnings and revenues. There are better places to focus.


Price:
$53.760
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL on US EQUITIES
Owned:
Unknown
2015-07-09 DON'T BUY Must be logged in to use chart G-T Goldcorp Inc

This company is not paying down debt. Their cost of production is relatively low at about $600 an ounce. As far as an operational business goes, it is pretty good; it’s just in the wrong sector. You had a secular bull market in commodities from 2000 through 2012 on the back of a strengthening China. China rolled over in 2012 and at around that time inflation started coming down.


Price:
$21.180
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL on US EQUITIES
Owned:
No
2015-07-09 BUY Must be logged in to use chart GE-N General Electric

They are spinning out businesses. Made an announcement about 2 months ago about spinning out a big part of their business, and the stock jumped from $23-$28 in the course of a day. Very often when a chart does that, it leaves a gap in the chart. Over the next number of days, weeks and months, it will often come back and fill that gap, which it has just done in the last few days. Thinks the long-term picture is very positive. This is an industrial and industrials are going through some pressures, but technically it looks quite good. You are not going to get hurt. Pays just under 4%.


Price:
$26.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL on US EQUITIES
Owned:
Unknown
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