Kash Pashootan, senior VP and portfolio manager at First Avenue Advisory, Raymond James
Focus: North American dividend stocks and portfolio construction
- Current earnings season has had mixed results but overall a pleasant surprise to the upside.
- 2017 earnings estimates ambitious, may lead to downward revisions.
- Remain tactical with cash weighting within portfolio.
AECON GROUP (ARE.TO) | 19x P/E| 2.7 per cent yield | Last buy: Oct. 2016
Record growth of new contracts as the government doubles infrastructure spending.
CITY HOLDINGS (CHCO.O) | 15x P/E | 3.3 per cent yield | Last buy: Oct. 2016
Well-managed regional bank that exhibits slow, steady and controlled growth.
GILEAD SCIENCES (GILD.O) | 6.2x P/E | 2.5 per cent yield | Last buy: Oct. 2016
Recent pullback provides attractive entry point.
PAST PICKS: OCTOBER 29, 2015
- Then: $29.14
- Now: $30.55
- Return: 4.85%
- TR: 8.53%
AE INC. (CAE.TO)
- Then: $14.73
- Now: $18.92
- Return: 28.47%
- TR: 30.92%
- Then: $53.42
- Now: $52.50
- Return: -1.72%
- TR: 2.79%
TOTAL RETURN AVERAGE: +14.08%