David Burrows is president and chief investment strategist of Barometer Capital Management. With Greg Guichon, he manages the Barometer Equity Fund.
TOP FIVE HOLDINGS
Cisco Systems (CSCO-Nasdaq)
Cisco Systems Inc. is the worldwide leader in networking for the Internet. Mr. Burrows likes their balance sheet and with continued growth in 15 of their 20 major product lines, he sees value at today's price.
SNC Lavalin Group (SNC-TSX)
An engineering and construction company, providing ownership and management of infrastructure SNC has an order backlog that Mr. Burrows says "is not going away."
A safe place to be in today's volatile market; Mr. Burrows will begin spending once the market firms up.
PAST PICKS: AUG. 23, 2006
Then: $64.07 Now: $68.50
Then: $35.26 Now: $47.02
Mr. Burrows believes quantitative risk models have been highlighting narrowing market breadth since June, signalling caution is required. Looking forward he recommends having cash and reducing exposure to equity positions that hit stops or fail to rally on market strength.
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