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We asked our Foolish writers for their top ideas for May. Their picks include Magna International (TSX:MG)(NYSE:MGA) and Algonquin Power & Utilities (TSX:AQN)(NYSE:AQN). Click here to see the rest!
Here we go again! Just when we thought the GameStop(NYSE:GME) trade was dead, the stock went on to skyrocket from just under $50 to as high as $177. Keith Gill (a.k.a. Roaring Kitty) doubled his stake in GameStop stock after spending the prior week getting grilled by U.S. lawmakers. Undoubtedly, the retail crowd at WallStreetBets (WSB) is not ready to give up on their squeezing the GameStop shorts who haven’t yet learned their lesson. GameStop stock: WallStreetBets isn’t finished yet Shorting stocks has always been a reckless endeavour. With the wildly popular WSB subreddit floating arou...
The $2.5 billion software company has been trading on the TSX for just over six months but has already grown more than 150%. The growth stock provides cloud-based software for its clients, which primarily consist of legal and financial firms, and government institutions. The software is designed to automate the process of storing and accessing public records. No one will make the case that Dye & Durham is in the most exciting line of business, but that should not stop investors from starting a position in this potential multi-bagger. What investors should be more concerned about is the high ...
Ryan Vanzo: Fairfax Financial My top stock for 2021 is Fairfax Financial (TSX:FFH). The upcoming 12 months could turn volatile, and this stock is a great place to ride out the storm. Founded by Prem Watsa — considered by many to be the Warren Buffett of Canada — Fairfax stock has a proven record of growth, even during turbulent markets. In 2008 and 2009, when global markets were plunging, shares actually grew in value. The current bull run has left a lot of value stocks behind, Fairfax included. Shares now trade at a huge discount to their historical average, prompting Watsa to commen...