David Burrows, president and chief investment strategist at Barometer Capital Management

Focus:  North American large caps
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MARKET OUTLOOK

  • Have seen very low volatility
  • P/Es in the U.S. appear to be elevated and many are concerned about valuation
  • Recently, Europe and Japan have outperformed U.S. equities
  • Oil has rallied in the past few weeks yet oil and gas companies have underperformed

TOP PICKS

NORTHROP GRUMMAN CORP. (NOC.N) – Purchased April 24, 2017 at $249.2232

KINAXIS (KXS.TO) – Purchased April 25, 2017 at $80.6842

CITIGROUP (C.N) – Purchased May 17, 2017 at $60.47
 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
NOC Y Y Y
KXS Y Y Y
C Y Y Y


PAST PICKS: MAY 25, 2016

MEDTRONIC (MDT.N)

  • Then: $81.08
  • Now: $84.61
  • Return: +4.35%
  • TR: +6.58%

HONEYWELL INTERNATIONAL (HON.N)

  • Then: $114.06
  • Now: $131.85
  • Return: +15.58%
  • TR: +18.09%

BLACKROCK (BLK.N)

  • Then: $364.09
  • Now: $395.97
  • Return: +8.75%
  • TR: +11.47%

TOTAL RETURN AVERAGE: +12.04%
 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
MDT N N N
HON N N N
BLK N N N


FUND PROFILE: BAROMETER TACTICAL BALANCED POOL CLASS F

PERFORMANCE AS OF APRIL 30, 2017:

  • 1 month: Fund* 1.2%, Index** 1.7%
  • 1 year: Fund* 14.8%, Index** 10.3%
  • 3 years: Fund* 10.0%, Index** 4.6%

* Net of fees and based on reinvested dividends
** Index: Globe Tactical Balanced Peer Index


TOP HOLDINGS AND WEIGHTINGS

  1. AAPL.O: 3.65%
  2. VSN.TO: 3.31%
  3. MSFT.O: 3.23%
  4. AQN.TO: 3.19%
  5. RTN.N: 2.90%


WEBSITE: www.barometercapital.ca