Feb 7, 2019
David Burrows' Top Picks: Feb. 7, 2019
BNN Bloomberg
David Burrows, president and chief investment strategist at Barometer Capital Management
Focus: North American markets
MARKET OUTLOOK
"[2018] was a very challenging year for a lot of people because every year there's some kind of selloff — some bigger than others —,but there's only one other year in 50 years where you had two sell-offs in one year like we did ... and that was in 1994 [during] a mid-cycle slowdown and a bull market correction and, despite being incredibly frustrating, the following year was up 38 per cent ... I think last year was much like that same type of event."
TOP PICKS
CANADIAN APARTMENT REIT (CAR_u.TO)
MASTERCARD (MA.N)
SERVICENOW (NOW.N)
DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
---|---|---|---|
CAR-U | N | N | Y |
MA | N | N | Y |
NOW | N | N | Y |
PAST PICKS: JAN. 31, 2018
MICROSOFT (MSFT.O)
- Then: $95.01
- Now: $105.57
- Return: 11%
- Total return: 13%
CHARLES SCHWAB (SCHW.N)
Last sold on June 28, 2018 at $51.32.
- Then: $53.34
- Now: $45.48
- Return: -15%
- Total return: -14%
UNITED RENTALS (URI.N)
- Then: $181.11
- Now: $128.20
- Return: -29%
- Total return: -29%
Total return average: -10%
DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
---|---|---|---|
MSFT | N | N | Y |
SCHW | N | N | N |
URI | N | N | Y |
FUND PROFILE
Barometer Capital Balanced Fund Class - F
Performance as of: Jan 31, 2019
- 1 month: 2.58% fund, 3.85% index
- 1 year: -6.59% fund, 2.06% index
- 3 years: 5.22% fund, 5.84% index
INDEX: 25% MSCI World TR (CAD$), 25% TSX, 50% Dex Cdn Universe Bond Index.
Returns are net of fees and annualized.
TOP 5 HOLDINGS
- Visa: 3.4%
- UnitedHealth Group: 3.4%
- Boston Scientific: 3.1%
- Waste Connections: 3.0%
- Walt Disney: 2.7%
WEBSITE: barometercapital.ca
TWITTER: @BarometerCap