Meme Stock Mania: AMC Stock and BlackBerry Stock. Buy These 5 Top TSX Stocks Instead
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Reddit investors are back for another feast. The feast disappeared more quickly than it appeared like a mirage or a flash mob. In fact, it seems to be over already. From May 17 to the 31, 2021,
AMC stock was driven from a stock price of US$12 to US$62 for a five-bagger! In the same period,
BlackBerry stock was driven from $10.30 to $18.25 per share for a 77% price gain.
As of writing, AMC and BB stocks have declined +28% and +9% on the day.
The problem is, you’ve got to be on the right side of the tide and perform perfect market timing. And all the while, you’re wide awake knowing that they’re speculative trades, gambling. When you buy, you’re counting on the next guy paying a higher price.
Image source: Getty Images
Investors with a bit of cash available in their TFSA or RRSP are searching for undervalued stocks today. The
TSX Index is at a record high, but some top Canadian stocks still look cheap.
TC Energy
TC Energy(TSX:TRP)(NYSE:TRP) operates $100 billion in energy infrastructure assets across Canada, the United States, and Mexico.
The cancelled Keystone XL oil pipeline project received most of the attention in recent years, but TC Energy is primarily a natural gas transmission, gas storage, and power production firm. The company transports about 25% of North America’s natural gas across 93,400 km of pipelines.