May 23, 2017
David Burrows' Top Picks: May 23, 2017
BNN Bloomberg
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
- AAPL.O: 3.65%
- VSN.TO: 3.31%
- MSFT.O: 3.23%
- AQN.TO: 3.19%
- RTN.N: 2.90%
WEBSITE: www.barometercapital.ca