Kash Pashootan is senior vice-president and portfolio manager at First Avenue Advisory, Raymond James. His focus is North American dividend stock & portfolio construction.
Canadian Tire (CTC.A.TO)
16x P/E; 1.6% Yield; Last Buy: May 2016
Margin expansion is likely to continue with less markdowns, lower procurement costs and higher price points for private label products.
Cisco Systems (CSCO.O)
12x P/E; 3.3% Yield; Last Buy: May 2016
Cisco offers a play on the "Internet of Everything". It is using acquisitions to penetrate high-growth industries.
22x P/E; 2.1% Yield; Last Buy: May 2016
ResMed is a leading player in sleep apnea treatment, a large, under-penetrated market.
Past Picks: June 1, 2015
Then: $130.53 Now: $90.52 -30.65% Total return: -29.24%
Then: $96.22 Now: $128.83 33.89% Total return: 37.16%
Total Return Average: 3.96%
1. Market is looking for new normal.
2. Earnings season was ugly, but the market had it priced in.
3. We continue to be overweight cash.