Kash Pashootan, senior vice president and portfolio manager at First Avenue Advisory, Raymond James

FOCUS: North American Dividend Stock & Portfolio Construction

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MARKET OUTLOOK:

Market is looking for “new normal.”

Earnings season was ugly; but the market had it priced in.

We continue to be overweight cash.

Top Picks:

Canadian Tire (CTC’A.TO) | 16x P/E | 1.6% Yield | Last Buy: May 2016

Margin expansion likely to continue with fewer markdowns, lower procurement costs and higher price points for private label products.

Cisco Systems (CSCO.O) | 12x P/E | 3.3% Yield | Last Buy: May 2016

Play on the internet of everything; using acquisitions to penetrate high growth industries.

ResMed (RMD.N) | 22x P/E | 2.1% Yield | Last Buy: May 2016

Leading player in sleep apnea, a large underpenetrated market.

Disclosure Personal Family  Portfolio/Fund
 CTC
 CSCO
RMD 

 

Past Picks:  June 1, 2015

Apple (AAPL.O)

  • Then: $130.53
  • Now: $90.52
  • Return: -30.65%
  • TR: -29.24%

Mcdonald’s (MCD.N)

  • Then: $96.22
  • Now: $128.83
  • Return: 33.89%
  • TR: 37.16%

Cash 

 

Disclosure Personal Family Portfolio/Fund
 AAPL
MCD