May 13, 2016
Kash Pashootan's Top Picks: May 13, 2016
BNN Bloomberg
,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 | Y | Y | Y |
CSCO | Y | Y | Y |
RMD | Y | Y | Y |
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 | Y | Y | Y |
MCD | Y | Y | Y |