Pro Picks: David Burrows
Three stock picks from David Burrows of Barometer Capital
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ProPicks from David Burrows of Barometer Capital
1. JPMorgan (JPM): A Financial Powerhouse with More Room to Run
• What it is: The largest U.S. bank, benefiting from rising interest rates and sector leadership.
• Why he likes it: Financials have underperformed for 15 years and are now showing long-term strength. JPMorgan, as the sector leader, continues to outpace competitors and benefits from industry consolidation.
• Upside potential: Despite being down 10% from its high, JPM is still in an uptrend. As long as it holds above $236, Burrows remains bullish, seeing a decade-long tailwind for financials.
2. Fairfax Financial (FFH): The “Mini Berkshire” at a Discount
• What it is: A property and casualty insurer with a strong investment portfolio.
• Why he likes it: Fairfax is growing faster than peers while trading at a discount to competitors. CEO Prem Watsa has built a track record of strong investment returns, and insurance premium hikes boost profitability.
• Upside potential: The stock has doubled in two years and is at an all-time high, but Burrows believes it still has room to climb as the financial sector remains strong.
3. Agnico Eagle (AEM): The Gold Stock Institutions Want to Own
• What it is: A major gold producer with 11 diversified mines and a 40-year dividend history.
• Why he likes it: Unlike previous gold rallies, this one is driven by central bank buying, not just investors. Agnico is a large-cap, liquid stock that institutions favor.
• Upside potential: Gold stocks have lagged bullion prices, and Burrows sees further gains ahead. In past cycles, gold stocks stretched 150% above long-term averages, while Agnico is currently around 80%—suggesting more upside.
DISCLAIMERS: The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice. The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.