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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
2015-01-26 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. We are in a market of haves and have-nots. Capital is constantly being reallocated. Canada had a great cycle on the back of China’s growth and emerging markets, between 2000 and 2012. Since 2012, capital is slowly moving away from commodities, away from emerging markets and back towards consumer led developed economies. Canada still has some big pieces that are tied to that other world. We just have the wrong sectors. He has very close to a 0% Canadian bank weighting in his portfolios. In the US, he is more interested in the regional banks. In Canada, 70% of the market is made up of materials, energy and banks. That makes it tough in the Canadian market. Fortunately there are some great opportunities in the US, and there are some sectors that really benefit from what is going on. This is a market where you pick your spots. There are some great opportunities, and there is some stuff you have to avoid.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
_N/A
2015-01-26 WEAK BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Gold. Having been out of gold for about 18 months, he recently started back in with some “very partial” positions in some of the equities. The market has been on more of a defensive footing over the last few weeks. If the gold equities start to outperform the metal, that is something that may point to a little bit more strength coming in the future. He does have some concerns about gold, so he is looking at this as a shorter term trade to begin with. He prefers Franco-Nevada (FNV-T), which is a royalty company. Their price held in much better than the group and they have a very defensible business model. The key risk for gold right now is that it is a defensive play, and things in the US are getting better.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Yes
2015-01-26 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Canadian healthcare? Healthcare has probably been one of his 3 Top Picks for 2 years now. It is the biggest industry in the US and highly domestically focused. This was a sector that has been universally underperformed in portfolios. He would prefer a US name such as Actavis (ACT-N), a pharmaceutical company that has roughly 50% of their revenue coming from generic drugs and 50% from branded drugs. A wonderful management team that has been very efficient at creating value. Recently purchased Allergan (AGN-N), which gives them a great opportunity to integrate that business and to generate profitability. Trades at a valuation similar to a generic company, but does have branded drugs which probably make it a little more valuable.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
_N/A
2015-01-26 TOP PICK Must be logged in to use chart AMT-N American Tower

This is a REIT that owns cell towers. About 65% of their revenue comes from North America, so it is fairly domestically focused, although they do have Latin America, India and Germany. It costs them almost nothing to add new capacity. There is very little in the way of capital investment in this business. You can continue to see very strong dividend growth. Yield of 1.49%.


Price:
$101.760
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Yes
2015-01-26 DON'T BUY Must be logged in to use chart AMZN-Q Amazon.com

Consumer discretionary is a great sector. He has 25% of his equity portfolios in consumer related companies.(This is not one of them.) There are questions around this company’s ability to ultimately be profitable. There are concerns that they continue to have investments in things that really don’t generate a positive rate of return.


Price:
$309.660
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
No
2015-01-26 COMMENT Must be logged in to use chart BAC-N Bank of America

There were a lot of people that had a view that interest rates would start to work their way higher. With what is going on in Europe and Japan, there are $7 trillion of fixed income assets globally yielding a negative return. There is tremendous pressure on long-term interest rates, which in general is not good for big money centred banks. Because of this, this one and other similar ones have been under pressure. If you believe that rates may stay lower longer, you would be better off focusing on a regional bank that is less dependent on long-term interest rates. He sold his holdings in this bank. In the financials, he prefers REITs and asset managers that will probably benefit from asset growth in a stronger equity market. Wells Fargo (WFC-N) is attractive and is a direct play on US housing.


Price:
$15.850
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
No
2015-01-26 BUY Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

This is the largest position in his portfolios. A collection of very strong cash flow generating assets. We are in a world where return is hard to come by. They are getting great returns in their underlying units, and there is great demand for distribution paying entities. There is a very strong demand for management with hard assets. This is a great, long term hold.


Price:
$64.910
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Yes
2015-01-26 PAST TOP PICK Must be logged in to use chart CNR-T Canadian National R.R.

(A Top Pick Jan 23/14. Up 45.16%.) Rails have been a wonderful investment over the last few years. The risk to the story right now is the slowdown in the oil patch. This one, of any of the rails, has more north/south traffic all the way to Mexico. Lumber was 20% of their freight revenue in 2001-2002, so there is some opportunity here, but possibly some risk from energy.


Price:
$85.440
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Yes
2015-01-26 BUY Must be logged in to use chart CSCO-Q Cisco

The US equity market is seeing net money put to work, but there are only 4 or 5 key sectors that are leading this market, and technology is one of them. He likes those companies that are in high growth industries with something special and a special pricing power, which can give them revenue growth. The technology companies that he is invested in are big cash flow generators, and this would be one of them. 2.7% dividend yield.


Price:
$27.970
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Unknown
2015-01-26 COMMENT Must be logged in to use chart CTC.A-T Canadian Tire Corporation Ltd. (A)

This is in the sector that is doing well, because weak energy is great for the consumer. You could almost throw a dart at any of the Canadian retailers and see something that hangs higher. This one is performing very, very well. If he had to choose on something in this space, he would probably choose Home Depot (HD-N), but you should do just fine with this one.


Price:
$122.500
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Unknown
2015-01-26 TOP PICK Must be logged in to use chart DIS-N Walt Disney

The 1st place people spend money when they have more, is on leisure and travel. Their parks are doing remarkably well and they have 2 big movie franchises rolling out later this year. They seem to be able to monetize their properties extremely well. There are all kinds of doors opening as outlets for media, so their content is in great demand. They are going to open a new theme park in Shanghai this year. Dividend yield of 1.21%.


Price:
$94.970
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Yes
2015-01-26 PAST TOP PICK Must be logged in to use chart EVR-N Evercore Partners

(A Top Pick Jan 23/14. Down 17.27%.) Had thought that M&A would be much more active, which they were, but the investment banks did have a sell-off last summer, and he sold his holdings.


Price:
$50.660
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
No
2015-01-26 COMMENT Must be logged in to use chart GOOGL-Q Google

This or an ETF in technology? This is a wonderful company. The concern right now is that there is some competition in their core space in search/advertising. There may be better alternatives. For an ETF, you might want to look at a broad-based one such as the Guggenheim E. W. Technology (RYT-N) or SPDR Technology (XLK-N). Also, don’t forget about Apple (AAPL-Q) which is in the midst of a great product cycle and is not expensive.


Price:
$536.720
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Unknown
2015-01-26 BUY Must be logged in to use chart IFP-T Interfor Corp

The weak Cdn$ has been really beneficial to certain industries, and the forestry industry is one of them. The US housing is improving, the US consumer is improving and this makes our Cdn$ very attractive. Thinks this is relatively early days for them.


Price:
$21.150
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Unknown
2015-01-26 WAIT Must be logged in to use chart LYB-N LyondellBasell Industries

As energy prices came out through the fall, the halo effect washed its way into a lot of industries, and some of the chemical companies got impacted. Also, there is a question about global demand which has an impact as well. The chemicals group as a whole is still behaving okay, but he would prefer Ashland Inc (ASH-N) which looks a little more interesting. On Lyondellbasell, you want to wait and see what happens with petroleum prices


Price:
$79.270
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Unknown
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