Feb 6, 2018
Kash Pashootan's Top Picks: Feb. 6, 2018
BNN Bloomberg
Kash Pashootan, CEO and chief investment officer at First Avenue Investment Counsel
Focus: North American dividend stocks and portfolio construction
_______________________________________________________________
MARKET OUTLOOK
"We've had well-below average volatility over the last six years; in fact, 2016 was the lowest volatility read ever in history. So we knew it was coming back and obviously it's something we haven't been used to, but I dont think the market is behaving in any way that's outside of the norm of how equities should."
TOP PICKS
MAGNA INTERNATIONAL (MG.TO)
- Good valuation; leveraged in key areas like electrification, technology and safety.
BROADCOM (AVGO.O)
- Chip industry ripe for consolidation and Broadcom is at the forefront.
- Good valuation for high growth.
NATIONAL BANK OF CANADA (NA.TO)
- Top performing bank in Canada for 2016 and 2017.
- Smaller size and lower loan-to-deposit ratios means National Bank is well positioned for continued lending growth.
DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
---|---|---|---|
MG | Y | Y | Y |
AVGO | Y | Y | Y |
NA | Y | Y | Y |
PAST PICKS: AUG. 26, 2016
APPLE (AAPL.O)
- Then: $106.94
- Now: $156.83
- Return: 46.65%
- Total return: 49.79%
DINEEQUITY (DIN.N)
- Then: $76.85
- Now: $53.76
- Return: -30.04%
- Total return: -22.16%
NOVO NORDISK (NVO.N)
- Then: $46.89
- Now: $48.81
- Return: 4.09%
- Total return: 7.30%
Total return average: +11.64%
DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
---|---|---|---|
AAPL | N | N | N |
DIN | N | N | N |
NVO | Y | Y | Y |
TWITTER: @kashpashootan
WEBSITE: www.firstavenuecounsel.com