Hot Picks: Three undervalued Canadian stocks with room to run
2 Canadian stocks that I'm planning to hold long term
provides loans to subprime borrowers. What stands out is this financial services company’s ability to grow its loan portfolio and maintain a solid credit profile. This enables goeasy to consistently generate strong double-digit revenue and earnings growth.
$DOL (TSX only) is another top Canadian stock I'm thinking about keeping long term. It's a Dollar store chain nationwide, with a defensive business model growing its brick and mortar only retail stores year over year. They sell a wide variety of products at a low and fixed price point - which is a win in today's economy even more. Dollarama's value pricing strategy drives traffic at its stores in all market conditions, adds stability to its business, and supports its share price.
I sold all my recently at a profit and will be watching out for healthy dip to buy back.
What do you guys think for any of these picks? Do you have other Canadian stocks in mind that you would like to share?
3 Canadian stock picks from Bloomberg
Hot Picks: Three undervalued Canadian stocks with room to run
SJR on my radar this year - earnings tomorrow
trading at TSX and listed in Nasdaq, it’s a Canadian telecom company providing retail consumer internet/TV and also corporate solutions. They primarily operate and also dominate Western Canada market.
It’s been offering a healthy dividend and had a good run lately, about to break 52 week high.
Is $SJR or competitors anyone’s radar? What do you expect on the upcoming earnings?
My first portfolio of 2024 - all ideas and suggestions welcome!
Hi GWN,
I've updated the hub with new stocks that I'm planning to hold or buy more in 2024.
Here is a snapshot:
(Mining and Oil) - down 20% in 2023
(Ecommerce) - up 117% in 2023
(Banking) - up 4.66% in 2023
(Mining) - down 2% in 2023
(Transportation) - up 5.42% in 2023
(Energy/Oil) - down 10.56% in 2023
Any suggestions, make sure you vote to propose new stocks - Happy New Year!!!
My number one Canadian stock to buy in a declining market
to me still undervalued. 29 years of consecutive dividend increases, recently declared EBITDA increase of 4% YoY.
With the dividend increase of 3% increase will bring Enbridge’s annual dividend to $3.66, and its yield to a very generous 7.66%.
Anyone else following Enbridge here?
Suncor Energy promised to cut carbon emissions - is it a political move?
I can't quite understand the timing of Suncor's decision to expedite cutting carbon emissions and defending its commitment for this in Ottawa during a parliamentary hearing.
Since this came in days after Canadian court ruling against Trudeau's proposed Impact Assessment Act (IAA) - and now it won't go through under current broad scope.
How should retail investors read this message? Are they siding with Trudeau then?