David Burrows, president and chief investment strategist at Barometer Capital Management
Focus: North American large caps
MARKET OUTLOOK
Our view remains that we are in a long-term structural bull market. Equity markets will have a lot to churn through here as we reopen the global economy. At this point, the rally off of March lows has discounted a lot. Much has changed over the last few months, from consumer trends to the way business is conducted. As such, we favour large-cap ideas exposed to industries and themes that benefit from these changes. Equity markets sit bifurcated with the world looking better post-COVID than it did pre-COVID for some sectors, while some sectors, specifically financials and industrials, remain challenged.
TOP PICKS
AMAZON (AMZN NASD)
NEWMONT CORPORATION (NGT NYSE)
NVIDIA CORPORATION (NVDA NASD)
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| AMZN | N | N | Y |
| NGT | N | N | Y |
| NVDA | N | N | Y |
PAST PICKS: JUNE 27, 2019
AIR CANADA (AC TSX)
Sold on Jan. 23 at $48.06.
- Then: $40.60
- Now: $13.61
- Return: -66%
- Total return: -66%
CP RAIL (CP TSX)
- Then: $306.75
- Now: $312.62
- Return: 2%
- Total return: 3%
HONEYWELL INTERNATIONAL (HON NYSE)
Sold on Oct. 11, 2019 at $163.97.
- Then: $173.84
- Now: $121.28
- Return: -30%
- Total return: -29%
Total return average: -31%
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| AC | N | N | N |
| CP | N | N | Y |
| HON | N | N | N |
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