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

  1. Current earnings season has had mixed results but overall a pleasant surprise to the upside.
  2. 2017 earnings estimates ambitious, may lead to downward revisions.
  3. 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