Jun 7, 2017
Kash Pashootan's Top Picks: June 7, 2017
BNN Bloomberg
Kash Pashootan, senior vice president and portfolio manager at First Avenue Advisory, Raymond James
Focus: North American dividend stocks and portfolio construction
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MARKET OUTLOOK
- Volatility is expected, don’t let it scare you.
- Gold bullion as part of the portfolio continues to be appropriate.
TOP PICKS
SUNCOR ENERGY (SU.TO) | JUNE 2017
- Defensive play in the oil sector
- Able to sustain investment and dividend at $40/bbl oil
- Canadian oil sands acquisition = opportunities for synergies
BROADCOM (AVGO.O) | JUNE 2017
- Acquisition focused = opportunities in consolidating semi-conductor industry
- New Apple products = growth catalyst
- High-growth company at 16x P/E
TD BANK (TD.TO) | JUNE 2017
- U.S. exposure, with the safety of a Canadian bank
- Sales practice scandal overblown = long-term buying opportunity
DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
---|---|---|---|
SU | Y | Y | Y |
AVGO | Y | Y | Y |
TD | Y | Y | Y |
PAST PICKS: MARCH 17, 2016
GILEAD SCIENCES (GILD.O)
- Then: $89.53
- Now: $64.73
- Return: -27.69%
- TR: -25.81%
NATIONAL BANK (NA.TO)
- Then: $43.73
- Now: $53.64
- Return: +22.66%
- TR: +29.82%
CISCO SYSTEMS (CSCO.O)
- Then: $28.19
- Now: $31.61
- Return: +12.13%
- TR: +17.15%
TOTAL RETURN AVERAGE: +7.05%
DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
---|---|---|---|
GILD | N | N | N |
NA | Y | Y | Y |
CSCO | N | N | N |
TWITTER: @KashPashootan