Nov 1, 2016
Kash Pashootan's Top Picks: November 1, 2016
BNN Bloomberg
Kash Pashootan, senior VP and portfolio manager at First Avenue Advisory, Raymond James
Focus: North American dividend stocks and portfolio construction
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MARKET OUTLOOK
- 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.
TOP PICKS
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.
DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
---|---|---|---|
ARE | Y | Y | Y |
CHCO | Y | Y | Y |
GILD | Y | Y | Y |
PAST PICKS: OCTOBER 29, 2015
CISCO (CSCO.O)
- 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%
PROASSURANCE (PRA.N)
- Then: $53.42
- Now: $52.50
- Return: -1.72%
- TR: 2.79%
TOTAL RETURN AVERAGE: +14.08%
DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
---|---|---|---|
CSCO | Y | Y | Y |
CAE | N | N | N |
PRA | N | N | N |
TWITTER: @KashPashootan