Viewing Expert David Burrows | StockChase
stockchase picture

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
2016-04-19 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. He structures portfolios that are relevant given the current market climate, so it is really important to understand the macro environment and that you don’t have to be invested all the time. We got to extremes in the 1st week of February. The percentage of stocks that were performing well got to the lowest level, which had happened only 5 times since 1998. Since then the percentage of stocks performing well has expanded, money is being allocated to equities and realistically, with bond yields at close to 1000 year lows, the return was to be had in equities. The S&P 500 exceeded the highs from 2000 at the end of 2012, and 2.5 years in we had a 12% correction. After the beginning of the last secular bull market in 1981, the market pulled back 7% over 2 months and then rallied 150% in the next 2 years as people under invested had to chase it. The same thing happened in 1953. As at the end of last January, there were fewer bullish advisors than any time going back to the crash in 1987. In January/February the PMI (economic data) came in ahead of expectations, so people had a very negative view. To him it looked like there was an inventory correction through 2015, the first slow down in a new bull market. It was a correction, not a bear market and he re-accelerated. Not only has it rallied 16%, but it took out the most recent high, which negates the fact that this could just be a rally back into resistance. You still have to buy companies that are good and getting better. You need to see price in securities doing what it should be doing, so he looks for longer-term upward prices. You only need 40 great companies to build a portfolio, and there are 66,000 to choose from.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
_N/A
2016-04-19 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Converting euros to Cdn$? Longer-term, he would say the Canadian dollar is a little weaker than the US, but the euro can continue to appreciate. Very often, in the early cycle, the US$ will be strong, but as the rest of the world starts to catch up you will get strength in the euro and the yen. He is making a call to have some exposure to Europe and the euro. Would be more inclined to be more euro-centric than Canadian centric.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
_N/A
2016-04-19 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Stop losses? When investing money, the thing you get fired for is losing money. You can’t recover from a big mistake. He has always had a premise that if he uses stop losses and ratchets them higher, he will stay in a winning position until the stock doesn’t work, but then you have a small loss, not a big one. He uses point and figure price charts that identifies inflection points.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
_N/A
2016-04-19 PAST TOP PICK Must be logged in to use chart AAPL-Q Apple

(A Top Pick April 21/15. Down 14.2%.) Was stopped out, and doesn’t own this currently.


Price:
$106.910
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2016-04-19 DON'T BUY Must be logged in to use chart AGU-T Agrium

(Market call minute.) Grain prices are sitting near lows, agriculture stocks are underperforming, so he would avoid the group.


Price:
$110.270
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2016-04-19 BUY Must be logged in to use chart AMZN-Q Amazon.com

Amazon (AMZN-Q) or Google (GOOGL-Q)? A tough one. It is the battle of the Titans. He would own both. He likes to buy companies that are disruptors and that change industries, and both of these have clearly done that. This company is crushing a whole bunch of retailers. You could also buy the ETF (PNQI-Q) which is an Internet-based ETF giving you a basket, or FDN-N, the retail ETF.


Price:
$627.900
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2016-04-19 COMMENT Must be logged in to use chart BAC-N Bank of America

One of the criticisms of this rally has been that financials in general have been lagging the market, until about 7-8 days ago, when the banks had a very nice move. Numbers were okay, but the negative view was built in, and we have had a big lift over the last few days. He thinks US banks in general can do better. This would not be his #1group. 


Price:
$14.450
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2016-04-19 TOP PICK Must be logged in to use chart BLK-N Blackrock Inc.

He likes equity markets and the bull market in the US going forward. Also, likes the secular trend and growth in the use of the ETFs. This one is the undisputed leader. $4.7 trillion in assets. Net inflows regularly. They have had about $100 billion in new assets come in the door in the last couple of months. Margins are growing. If you believe that markets can go higher, that is a growth in fees. If you believe they can grow new assets, that is a growth in fees. If you believe that ETF’s will take market share, that is a growth in fees. Has a 2.5% dividend yield that will grow at 12%-14% a year. Trading at 18X earnings.


Price:
$364.660
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2016-04-19 COMMENT Must be logged in to use chart CIX-T CI Financial Corp

This has been a really well managed company, and managed to do what most other independent mutual fund companies haven’t. They competed very effectively against the banks, who obviously have an advantageous position with their reach. Recently they’ve gone more into redemption, meaning that some of their unit holders are exiting. Some of their bigger franchises have had slightly less good returns. Also, there is a spotlight on fees, which is an issue. If you take a long term view that equity markets are going to do very, very well over the next number of years, this company will likely be okay. Technically it is close to a 52-week low. This is a bit of a wait and see.


Price:
$27.690
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2016-04-19 WEAK BUY Must be logged in to use chart CPG-T Crescent Point Energy Corp

Of the key themes in this market is something called beta. Resources and basic materials have been part of that. This stock is really, so far, a retracement of some of the losses over the last 2 years. When you have a bust, things may go down 65%-70%, which oil did, and will very often have as much is a 50% bounce off the bottom, as people go looking for the money they lost on the way down. You have to go through a long period of restructuring in the industry before you ever get a sustainable rally. This company built its business on growth, making acquisitions and growing their production, but they don’t have a balance sheet to make those kinds of accretive acquisitions today, so it is going to be difficult. You’re not going to get hurt too badly right, but he would prefer longer-term to look at a different sector.


Price:
$21.080
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2016-04-19 COMMENT Must be logged in to use chart CSX-Q CSX Corp

A $25 billion company operating through 23 US states. Rails and transports led to the downside in the correction that started last March/April. Transports have made a nice turn and are behaving much better. Canadian rails have had great rallies off the lows, and are behaving quite well. If you think energy prices can remain relatively low, truckers can be competition to rails. Thinks there are some headwinds. This looks okay, but he would prefer Canadian National (CNR-T) which gets north/south traffic, and the shares have behaved much better. Financials look very strong and they are going to grow their earnings 13% this year and probably 10% next year.


Price:
$26.410
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2016-04-19 PAST TOP PICK Must be logged in to use chart DH-T DH Corporation

(A Top Pick April 21/15. Down 2.18%.) He likes financial technology a lot. He no longer owns this, but did very well with it.


Price:
$40.130
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2016-04-19 BUY Must be logged in to use chart DIS-N Walt Disney

He really likes consumer discretionary. If the price of energy were to remain low, which it likely does, that is great for developed consumer led markets like the US. This one is right dead centre of travel and leisure, so it is great for that. Their theme parks are doing very, very well and movies are doing well. The thorn in their side is ESPN, which has been a great growth engine for them. Their subscribership is under a bit of pressure. They are likely to get over that. The stock has made a nice turn, and consumer discretionary in the last week has really starting to pick up. He would own this. If it can trade through $105, $106, $107, technically it gets a lot better and would probably add to the position. He has a small position.


Price:
$102.640
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2016-04-19 COMMENT Must be logged in to use chart ECA-T Encana Corp

These stocks came under pressure starting in July 2014 with oil at $106 a barrel. The sector fell close to 70%. Since then stocks have been recovering. He looks at energy as likely a trade, not a long-term new bull market. This is because fundamentally the way we find oil has changed. Wouldn’t make these any more than market weight against the index. Doesn’t think this is necessarily going to be a long-term rally. He would be fine with this one as a large cap holding.


Price:
$8.970
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2016-04-19 BUY Must be logged in to use chart FB-Q Facebook

If he had to pick 15 companies, one of them would probably be this. They have created such a defendable business model and subscribership and number of users, and have only really just started to monetize it, using it to generate revenue. What makes it most unique is that they know more about you than anybody else.


Price:
$112.290
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
Showing 1 to 15 of 3,803 entries
<< < 1 2 3 4 5 > >>

No Comments.


You must be logged in to comment.