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May 15, 2021
Goodfood Market (TSX:FOOD) are the top reopening picks. The three companies will benefit greatly this year and beyond. Strong competitive strengths As usual, Loblaw did not disappoint investors in the quarter ended March 27, 2021. The $24.48 billion food and pharmacy company reported a 30% jump in profits versus Q1 2020. Its total revenues for the quarter topped $11.87 billion. Besides the better-than-expected gross margins in food and drug sales, the financial services business delivered stron...
May 14, 2021
The TSX is fertile ground again for dividend investing. If you were to build a team of solid dividend payers, Emera stock, TC Energy stock, and National Bank of Canada stock can form the core of your stock portfolio.
May 14, 2021
The CRA can tax your gains from Bitcoin trading. But you can avoid this tax by investing in BTC smartly and in a tax-efficient way.
May 14, 2021
Investors still have cheap options, despite the TSX’s upward trend. Village Farms stock, Crescent Point Energy stock, and Ballard Power Systems stock are among the bargain deals in May 2021.
May 14, 2021
Image source: Getty Images While the rest of the world continues to buy up cryptocurrency, other investors may be looking for crypto-related stocks. That includes Canadian tech stock BlackBerry (TSX:BB)(NYSE:BB). If you’ve been living under a rock, you may not have heard that this company has moved away from smartphones and towards cybersecurity. But is BlackBerry stock a good buy today? Let’s dig in and see. Tech stocks take a dive BlackBerry stock has had a very inte...
May 14, 2021
Image source: Getty Images Recently released inflation data spooked investors as the Consumer Price Index (CPI), a gauge on the price of a basket of goods in addition to energy and housing prices, surged over 4%, sparking a vicious sell-off across the board led lower by growth stocks. The NASDAQ 100 is now down just shy of 8% and is at risk of entering into correction territory for the second time in 2021. Inflation volatility: Don’t panic! In prior pieces, I warned inves...
May 14, 2021
Image source: Getty Images Dogecoin nosedived this Saturday after Elon Musk referred to the speculative cryptocurrency as a “hustle” in a skit on Saturday Night Live ( SNL). The speculative cryptocurrency originally created as a joke has minted many millionaires, but you shouldn’t be tempted in the slightest. Why? The game of greater fools (based on the greater fool theory) will enrich some people, sure. But it’ll probably propel far many more people into financial ...
May 14, 2021
After a strong rally in 2021, the TSX seems to have started to level out. The tech industry, cryptocurrency, and other pandemic-related stocks have brought the market down. These Canadian stocks may be starting to drop, but that leaves opportunities galore on the TSX today. If you’re looking for a deal in these areas, here are some top performers to buy today to take advantage of the dip. Canadian utility stocks Utilities are one of the best places to put your money. The growth strategy is ...
May 14, 2021
Vancouver Real Estate Continues the Insane Rise More on: Image source: Getty Images “How much is too much?” That’s the question people usually ask themselves when they are craving or pursuing “excess” of something. But it’s a question we can ask other people and entities as well. For example, we can ask the government how much growth is too much for the housing market and when they will put their foot down and try taming this out-of-control beast. The housing ma...
May 14, 2021
1 Top Canadian Defensive Stock to Buy in 2021 More on: The TSX is back on track as it continues to soar to new heights. Many experts agree that the prolific market could be leaning towards the frothier side. Several indicators, including the CAPE ratio, warn that the market is in a substantially overvalued territory right now. While these indicators are there to provide a better perspective on the state of the market, they are a supplement to any analysis. Investors can’t fully rely on the...