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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
2015-03-10 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. It is all about finding sectors, themes or something that is changing that could lead to some tailwind that caused revaluation. The US$ has probably been the biggest theme in the market over the last 6 months. It is catching everybody’s attention right now because it seems to be accelerating a little bit. It is a huge win for the US consumer, a win for certain industries and a headwind for certain parts of the world. There has been a very large correlation between a strong US$ and a strong US stock market. They were tightly correlated all the way through the 80s and 90s, and have been tightly correlated for the last year. The risk in it is if the dollar moves too quickly versus emerging-market currencies, which make up about 65% of the Dollar Index. It makes it very expensive for companies to pay their debts in those countries if they’ve raised money in US dollars. The dollar moved very rapidly in 1998, and that created a pretty big hiccup in the market. That is probably the biggest risk in this market, because emerging market debt has been quite weak recently and emerging markets are underperforming because of weak commodity prices. For the US stock market, that poses a risk from a periphery, but ultimately it is a good thing for the consumer, technology companies and midsized companies that are more focused on the US domestic economy. He expects the Canadian market to underperform for some time.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US$
Owned:
_N/A
2015-03-10 DON'T BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Gold. This fits in with the energy theme in that it is under pressure. A strong dollar, historically, is very bad for gold. There are a lot of forces at play that likely make the US$ continue to rally versus the euro because of QE and versus the Japanese yen. He is Short gold in his ETF portfolios. You want to be very careful with the sector.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US$
Owned:
Unknown
2015-03-10 DON'T BUY Must be logged in to use chart AGF.B-T AGF Management (B)

He tends not to like investing in companies where there is one family that is in control, because sometimes all the right business decisions don’t get made. This is a company that has struggled over the last few years, even more than other independent fund companies. Prefers CI Financial (CIX-T).


Price:
$7.660
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US$
Owned:
No
2015-03-10 WAIT Must be logged in to use chart ALA-T Altagas Ltd

The Bull case for this is that it is a company with very long visibility on their revenue. The downside is that it wears the halo of energy, so realistically while they are much more predictable than a producer, service company or an equipment company, there is concern in the near term, given what is happening with commodities.


Price:
$42.320
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US$
Owned:
Unknown
2015-03-10 TOP PICK Must be logged in to use chart BIIB-Q Biogen IDEC Inc.

You have an aging population in the US that is relatively insensitive to price. Last year pharmaceutical prices rose 13%. This company has the dominant market share position in neurological drugs for things such as multiple sclerosis and Alzheimer’s. They have some very important trials in March on Alzheimer’s, which are potentially blockbuster findings. They may either slow down the onset or, more importantly, actually show some reversing. As the Affordable Care act comes in, there are more people that have money to spend on healthcare. In the next couple of years there are lots of additional trials that will come.


Price:
$414.200
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US$
Owned:
Yes
2015-03-10 BUY Must be logged in to use chart BLK-N Blackrock Inc.

We have gone from a watershed shift over the last 3 years and are now in a secular bull market for stocks. This means that for the next 10 years, with interruptions, stocks are probably a much better asset class than fixed income, real estate and commodities. One of the obvious beneficiaries of this are asset managers, companies that get paid a fee to manage money. This company is a leader in that space. Thinks the market is a little concerned in the short run about emerging markets and the strong US$, but thinks it is just a short-term issue.


Price:
$356.190
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US$
Owned:
Yes
2015-03-10 COMMENT Must be logged in to use chart CP-T Canadian Pacific Rail

This has some pluses and minuses. The minuses would be that a lot of the rails have benefited from the boom in moving energy around, which may slow down a little bit. However, the cost of energy is lower than what it has been.


Price:
$232.340
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US$
Owned:
Yes
2015-03-10 SELL Must be logged in to use chart CPG-T Crescent Point Energy Corp

Change from Crescent Point (CPG-T) to Vermilion Energy (VET-T)? We don’t have the thematic backdrop that is good for energy. Doesn’t think you should be switching horses from one energy stock to another. Thinks you should leave energy and move on to a different sector. Both are going to have difficulty if energy prices move lower. None of these dividends are safe if oil prices go lower.


Price:
$27.710
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US$
Owned:
Unknown
2015-03-10 BUY Must be logged in to use chart ENB-T Enbridge

This fits into the energy infrastructure space. When a group goes out of favour, what you always want to do is look for the absolute leader in the group, the one that holds up better than the rest, the one with better fundamental characteristics, and he would probably make this one the leader in that space. This stock has held in remarkably well, it has very good sponsorship and a great history in their dividend. If he were going to own one, it would be this.


Price:
$57.570
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US$
Owned:
Yes
2015-03-10 WATCH Must be logged in to use chart INVN-N InvenSense, Inc.

Make sensors that go into mobile devices. Mobile devices, like the iWatch for example, have all kinds of different sensors for temperature, barometric pressure, gyroscopes, etc. They are quite dominant in this space. The negative is that about 70% of their revenue comes from Samsung and Apple, which means that have a lot of exposure to those 2. It’s a great business to be in and there are good opportunities there. However, last year they had some poor execution and missed estimates. Because of their exposure to Samsung and Apple, there was pressure on their ability to price their product. It is now in the penalty box until they can prove this is a short-term issue. If the price can get turned around and they can put up a quarter or 2 of decent numbers, it is an interesting company to look for.


Price:
$16.120
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US$
Owned:
Unknown
2015-03-10 WAIT Must be logged in to use chart KEY-T Keyera Corp

The Bull case for this is that it is a company with very long visibility on their revenue. They have “take or pay” contracts with customers, so looking out you could see what was coming. The downside is that it wears the halo of energy, so realistically while they are much more predictable than a producer, service company or an equipment company, there is concern. Doesn’t think the dividend is at risk in the near term, but the longer the weakness in energy goes on, the less patience investors may have.


Price:
$81.780
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US$
Owned:
Yes
2015-03-10 BUY Must be logged in to use chart MG-T Magna Int'l. (A)

This is basically buying exposure to the automobile industry globally. One of the biggest winners from low energy prices is the consumer. This company sells its gear into auto manufacturing in 29 countries with the US being about 50%. He really likes the auto industry. This company is doing a great job and beat the most recent estimate by 12%. A great way to participate.


Price:
$132.560
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US$
Owned:
Yes
2015-03-10 PAST TOP PICK Must be logged in to use chart MSFT-Q Microsoft

(A Top Pick April 2/14. Up 5.5%.) This was a foray into technology and he still has a small position in this space, but has broadened his way out into a lot of security oriented software.


Price:
$42.030
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US$
Owned:
No
2015-03-10 PAST TOP PICK Must be logged in to use chart MTDR-N Matador Resources

(A Top Pick April 2/14. Down 18.73%.) His job it is to watch for change and as he sees change, be able to reposition portfolios as required. Last summer, the US$ started to blast off, which happened at the same time that energy prices started to roll over. He got stopped out of virtually all of his energy exposure, and this was one of the 1st. He came out of it at about $25.


Price:
$20.510
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US$
Owned:
No
2015-03-10 TOP PICK Must be logged in to use chart NXPI-Q NXP Semiconductors

One of his big themes is the “Internet of things”. Estimates are that over the next 5 years, individuals will have as many as 9 mobile devices. A lot will be connected to needed security. This company’s main business is “near field communication” chips, like the chip that is on your visa card or in the Apple iPhone that allows you to use Apple Pay. They recently bought Freescale Semiconductor, the leader in selling chips into the automotive sector. The automotive industry over the next 5 years will average about 10% growth in the use of semiconductors per vehicle. This company could earn as much as a 10% free cash flow yield by 2017. Stock looks expensive at 17X earnings, but the reality is there are a lot of synergies coming out of this deal.


Price:
$97.550
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US$
Owned:
Yes
Showing 1 to 15 of 3,545 entries
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