Jul 18, 2018
David Burrows' Top Picks: July 18, 2018
David Burrows, president and chief investment strategist at Barometer Capital Management
Focus: North American large caps
_______________________________________________________________
MARKET OUTLOOK
"There are lots of people who’d say these FAANG stocks are what’s been dragging everything higher. It is absolutely not the case. I track breadth: the percentage of stocks or securities in specific universes that are participating in a rally. And breadth has been slowly expanding since March. That means it’s getting better, not worse. There’s no mayor selloff in history that ever took place while breadth was expanding: that’s a market getting healthier. If you look at the Value Line Arithmetic Index — it’s an index of 17,000 major U.S. stocks unweighted, so they all are worth the same in the index — it’s already hit a new high … That tells you it’s not just four, five or six stocks: it’s the broad market that’s getting better and you can’t argue that."
TOP PICKS
SHOPIFY (SHOP.TO)
Recent purchase on June 5 at $211.01.
E*TRADE FINANCIAL (ETFC.O)
Recent purchase on April 4 at $55.78.
ILLUMINA (ILMN.O)
Recent purchase on July 12 at $299.31.
DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
---|---|---|---|
SHOP | N | N | Y |
ETFC | N | N | Y |
ILMN | N | N | Y |
PAST PICKS: JULY 18, 2017
MASTEC INC (MTZ.N)Sold on Aug. 16, 2017 at $39.15.
- Then: $45.05
- Now: $51.55
- Return: 14%
- Total return: 14%
D.R. HORTON (DHI.N)
Sold on Dec. 12, 2017 at $50.05.
- Then: $36.41
- Now: $42.98
- Return: 18%
- Total return: 19%
BROADCOM (AVGO.O)
Sold on June 28, 2018 at $243.31
- Then: $250.88
- Now: $209.18
- Return: -17%
- Total return: -15%
Total return average: 6%
DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
---|---|---|---|
MTZ | N | N | N |
DHI | N | N | N |
AVGO | N | N | N |
FUND PROFILE
Barometer Global Macro Pool Class F
Performance as of: June 30, 2018
- 1 Month: -1.19% fund, -0.21% index
- 1 Year: 11.22% fund, 2.54% index
- 3 Year: 12.51% fund, 1.89% index
- 5 Year: 14.34% fund, 2.70% index
* Index: Barclays Global Macro Index ($USD).
TOP 5 HOLDINGS AND WEIGHTINGS
- ALPS Medical Breakthroughs ETF (BIO): 5.14%
- Vanguard Consumer Discretionary Index Fund (VCR): 5.11%
- iShares SPDR S&P Regional Banking ETF (KRE): 5.08%
- First Trust Cloud Computing ETF (SKYY): 4.99%
- First Trust Dow Jones Internet Index Fund (FDN): 4.98%
TWITTER: @BarometerCap
WEBSITE: www.barometercapital.ca