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
2016-11-22 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. From June until November, there were very clear themes leading into the US election, sectors that were outperforming on a relative basis that were all economically sensitive sectors. Investors were very defensively positioned coming into the market. The election took place and those themes took off. The positioning was so defensive, and people were so cautious going in that they ignored what was happening in the market and some of the economic changes that were taking place. From June until November, the cyclical sectors of the market had very clear relative price performance. Going into the election, the sectors leading were semiconductors, financials, materials, technology and industrials. Those sectors don’t lead the market if we are about to head into a big problem. We are now at one of those moments where we have to put the pedal down a little. The next 2 years are likely to be very strong. Economic and earnings data is getting better. Stocks are cheap relative to other assets. It is important to know what to Buy, but also what to Sell. Since June the things that act like bonds have been weakening, and sadly that was the most crowded part of the market. Doesn’t think interest rates are going up in a hurry, but will likely see 10 years of rising interest rates. REITs, utilities, telcos, etc. are likely to underperform.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
_N/A
2016-11-22 HOLD Must be logged in to use chart AMGN-Q Amgen Inc.

(Market Call Minute.) Many people thought the Biotech sector would behave better if Trump got elected. It has had a lift, but it remains to be seen if it can be followed through.


Price:
$144.330
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2016-11-22 COMMENT Must be logged in to use chart AMZN-Q Amazon.com

His long-term thesis on this is very bullish. They are dominant in Cloud and in retail. In the very short term, it has been used as a source of funds for people who under-owned financials. Financials is the most under owned sector in the market. He would have no problem holding this.


Price:
$785.330
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2016-11-22 BUY Must be logged in to use chart BAC-N Bank of America

This is his largest holding. This has a lot of interesting attributes right now. Using a weekly chart, the last 2 weeks are the most significant 2 weeks in the last 8 years, both from a volume perspective and from a price perspective. Secondly, if this were over 2 weeks and there has been no retracement whatsoever, it tells you how much buying there is. The sector has been heavily regulated and the new president is likely to deregulate it.


Price:
$20.300
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2016-11-22 COMMENT Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

A wonderful company. Very, very strong in managing private assets. They have a really interesting product portfolio. In the very near term, it may be a little challenged given that people are moving to more cyclical portfolios. He thinks this is being seen as a source of cash in the short term. As a long-term holding, he thinks it does just fine. In the near term there might be better places for new money. Although he owns a small position, he wouldn’t be adding here and it might be used as a source of cash.


Price:
$45.140
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2016-11-22 HOLD Must be logged in to use chart BIIB-Q Biogen IDEC Inc.

(Market Call Minute.) Many people thought the Biotech sector would behave better if Trump got elected. It has had a lift, but it remains to be seen if it can be followed through.


Price:
$318.110
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2016-11-22 COMMENT Must be logged in to use chart CCL.B-T CCL Industries (B)

A great company. At times, it is a more defensive play. If we are into a world of a more cyclical environment where industrials, technology and financials are leading, it may underperform a little. They’ve done a wonderful job of building this business. It could be a company that will be used as a source of funds.


Price:
$233.900
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2016-11-22 COMMENT Must be logged in to use chart CNR-T Canadian National R.R.

Transports began selling off at the beginning of the correction in 2015 in the US. That indicated there was probably weakness coming. Coming into this fall, transports were regularly picking up on a relative basis, versus the market. The north/south corridor may not be as good if there is trouble with NAFTA. East/west might be a little better for now.


Price:
$88.970
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2016-11-22 COMMENT Must be logged in to use chart CSCO-Q Cisco

This is at the heart of the “Internet of Things”. Machines, appliances, etc. will be connected to the Internet in the next wave. This was one of the very large tech companies that was used as a source of funds in the last couple of weeks. He doesn’t think it’s fatal. The stock pulled back 7%-8% after making a new high just a few weeks ago. This is a conservative way to play the Internet of things, and is certainly one you could own. It generates tons of cash. (See Top Picks.)


Price:
$29.890
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2016-11-22 PAST TOP PICK Must be logged in to use chart CTSH-Q Cognizant Technology Solutions Corp.

(A Top Pick Nov 2/15. Down 22.28%.) Got stopped out last January. This is one you need to be out of. Anything that was providing outsourcing services into the US was impacted by the election. This company has a lot of operations outside of the US.


Price:
$53.180
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2016-11-22 COMMENT Must be logged in to use chart DAL-N Delta Air Lines Inc

(Market Call Minute.) Airlines look great.


Price:
$48.900
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2016-11-22 BUY Must be logged in to use chart GD-N General Dynamics Corp.

Defence is a theme he has been focused on for about 2 years. Technically the group has broken out. Defence companies are the only ones that never tell you what is coming next. There is a built-in optionality for the things that they are developing, but they are secret. Coming into the election, we knew that either candidate would be spending more money on defence.


Price:
$170.180
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2016-11-22 PAST TOP PICK Must be logged in to use chart GE-N General Electric

(A Top Pick Nov 2/15. Up 9.34%.) He likes the industrial space, but he has morphed more towards midsized companies that are more domestically focused. With the strength of the US$ versus the world currencies, there has been a pickup in the mid-cap part of the market. Doesn’t think you will get hurt with this. A great company and exceedingly well managed.


Price:
$31.180
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2016-11-22 TOP PICK Must be logged in to use chart IR-N Ingersoll-Rand Co

An industrial company. They’ve grown their earnings 15% a year over the last 5 years, in a world where companies have not been spending on capital spending. They have a compressor business which is industrial. They have HVAC. If there was a pickup in spending in infrastructure in the US, this company will win. If there is a pickup in non-residential construction they will win. They are already performing and making new highs. Dividend yield of 2.12%. (Analysts’ price target is $77.72.)


Price:
$75.620
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2016-11-22 DON'T BUY Must be logged in to use chart JBL-N Jabil Circuit

The problem he is having with this is the same problem he is having with many of the others in the contract manufacturing space. The margins are so thin. Their pre-tax margin is about 3%, so if they make a mistake, it costs them a lot and there is not a lot of opportunity to make up profit.


Price:
$21.400
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
Showing 1 to 15 of 3,976 entries
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