David Burrows' Top Picks: Feb. 7, 2019

David Burrows , BNN Bloomberg

BNN Bloomberg

Feb 7, 2019

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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

  1. Visa: 3.4%
  2. UnitedHealth Group: 3.4%
  3. Boston Scientific: 3.1%
  4. Waste Connections: 3.0%
  5. Walt Disney: 2.7%

WEBSITE: barometercapital.ca
TWITTER: @BarometerCap