Kash Pashootan is senior vice-president and portfolio manager at First Avenue Advisory, Raymond James. His focus is North American dividend stocks and portfolio construction
Top Picks:
DineEquity (DIN.N)
13x P/E | 4.5% Yield | Last Buy: July 2016
• Attractive valuation combined with growth opportunities from an international expansion.
Cisco Systems (CSCO.O)
13x P/E | 3.2% Yield | Last Buy: July 2016
• A play on the Internet of everything; using acquisitions to penetrate high growth industries.
Telus (T.TO)
16x P/E | 4.3% Yield | Last Buy: July 2016
• Recent underperformance results in cheap valuation relative to peers; the stock has some catching up to do.
Past Picks: August 14, 2015
TransForce (TFI.TO)
Then: $24.40 Now: $24.40 0.00% Total return: +2.95%
BCE (BCE.TO)
Then: $53.76 Now: $62.35 +15.98% Total return: +21.62%
Apple (AAPL.O)
Then: $115.96 Now: $99.83 -13.91% Total return: -12.54%
Total Return Average: +4.01%
Market outlook:
1. The market is beginning to look expensive.
2. Investors turning a blind eye to global uncertainty
3. Continue to be overweight cash
(Incorrect dividend data was earlier given for DineEquity)