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The Globe and Mail

Three top stock picks from Barometer’s David Burrows

David Burrows is president and chief investment strategist of Barometer Capital Management. His focus is on North American large caps.

Top Picks:

J.P. Morgan Chase (JPM-N)

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Most recently purchased on Oct. 10 at $68.58 (U.S.)

JPM generates 75 per cent of its income in the U.S. and is a prime beneficiary of a strong U.S. consumer and higher interest rates. It is the U.S. bank with the best management team and is both gaining market share and expanding margins. It currently offers a 2.8-per-cent dividend yield and has grown that dividend at an 18-per-cent compound annual growth rate (CAGR) over the past 5 years.

Google "C" Shares (GOOG.O)

Most recently purchased Sept 16 at $768.27

A core piece of Internet infrastructure that is benefiting from the secular growth in digital and mobile advertising. A new level of capital and expense discipline can lead to a higher multiple and earnings upside going forward.

Pioneer Natural Resources (PXD-N)

Most recently purchased on Oct 10 at $191.31

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PXD has the best acreage in the Permian basin, the lowest-cost basin in the US. Given the strength of their balance sheet, they are in a position to grow production at a 15-20-per-cent CAGR over the next five years.

Past Picks: Aug. 13, 2015

Wells Fargo (WFC-N)

Then: $56.89 Now: $44.50 -21.77% Total return: -19.36%

HCA Holdings (HCA.N)

Then: $90.85 Now: $80.39 -11.51% Total return: -11.51%

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Fiserv (FISV.O)

Then: $89.16 Now: $99.85 +11.98% Total return: +11.98%

Total Return Average: -6.30%

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