David Burrows, president and chief investment strategist at Barometer Capital Management
FOCUS: North American large caps

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MARKET OUTLOOK

On the tail of the February short, sharp correction in equity markets, investment sentiment appears to have been reset and the wall of worry rebuilt. Barometer’s short and long-term market risk models point to continued improving equity market conditions. Sector leadership remains intact in technology, financials, industrials and some areas within healthcare. Equity valuations are supported by improving earnings and earnings estimates and a growing number of companies returning excess capital to shareholders. 

TOP PICKS

David Burrows' Top Picks

David Burrows, president and chief investment strategist at Barometer Capital Management, shares his top picks: SVB Financial Group, Irhythm Technologies and Charles Schwab.

SVB FINANCIAL GROUP (SIVB.O)

IRHYTHM TECHNOLOGIES (IRTC.O)

CHARLES SCHWAB CORP (SCHW.N)

 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
SIVB N N Y
IRTC N N Y
SCHW N N Y

 

PAST PICKS:  APRIL 19, 2017

David Burrows' Past Picks

David Burrows, president and chief investment strategist at Barometer Capital Management, reviews his past picks: Bank of America, Adobe and Ingersoll-Rand.

BANK OF AMERICA (BAC.N)

  • Then: $22.74
  • Now: $31.93
  • Return: 40.41%
  • Total return: 42.73%

ADOBE (ADBE.O)

  • Then: $130.22
  • Now: $215.28
  • Return: 65.32%
  • Total return: 65.32%

INGERSOLL-RAND PLC (IR.N)
Sold out of position on Aug.10, 2017 at $85.46.

  • Then: $81.85
  • Now: $86.20
  • Return: 5.32%
  • Total return: 6.91%

Total return average: +38.32%

 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
BAC N N Y
ADBE N N Y
IR N N N

 

FUND PROFILE

Barometer Global Macro Pool
Performance as of: Feb. 28, 2018.

  • 1 Month: -1.66% fund, -2.95% index
  • 1 Year: 14.83% fund, 2.93% index
  • 3 Year: 14.86% fund, 1.69% index

* Index: Barclay Hedge Global Macro Index (USD$)

TOP 5 HOLDINGS AND WEIGHTINGS

  1. iShares Edge MSCI USA Momentum Factor ETF: 5.43%
  2. iShares US Broker-Dealers & Securities Exch ETF: 5.32%
  3. SPDR S&P Regional Banking ETF: 5.25%
  4. SPDR S&P Bank ETF: 5.13%
  5. First Trust Cloud Computing ETF: 5.12%

TWITTER: @barometerca
WEBSITE: www.barometercapital.ca