WilliamMLeighty634 blog

Growth stocks have been trending downwards for much of this year. For many investors, that’s caused them to become hesitant in buying shares of growth stocks. However, it’s during times like these where investors should keep a cool head. The ability to spot opportunities during a market downturn is one of the biggest determinants in how fast you’re able to achieve financial independence. Although there are many growth stocks trading at very intriguing valuations, I believe there’s one stock that investors should consider more strongly than others. That stock is none other than Shopify (TSX:SHOP)(NYSE:SHOP). In this article, I’ll discuss why Shopify is the one growth stock you should buy today. The e-commerce industry Currently, we’re experiencing a massive shift in consumer behaviour. Online shopping is steadily become a more crucial part of our everyday lives. Over the past decade, that shift had been rather gradual. However, as a result of the COVID-19 pandemic, the adoption...

Do you wish for an early retirement from work so you can spend your post-retirement life without financial worries? If yes, you should start planning for your early retirement first. While it’s always better to start saving money for your retirement early in life, it’s never too late to start doing so. In many cases, your saved money might not be enough to give you a worry-free life post-retirement. But you can multiply your hard-earned savings by investing in some quality stocks for the long term — especially in the stocks that pay high dividends. In this article, I’ll highlight two of the best TSX dividend stocks you can buy right now to plan your early retirement. Enbridge stock Enbridge (TSX:ENB)(NYSE:ENB) is a Calgary-based energy infrastructure company that primarily focuses on the transportation and distribution of energy products across North America. ENB is arguably the most reliable dividend stock to buy for long-term investors who want to plan their early retirement....

Income investors are searching for top TSX dividend stocks that offer attractive yields and pay distributions that grow at a reliable pace. TC Energy TC Energy (TSX:TRP)(NYSE:TRP) is in a good position to benefit from the surge in demand for North American liquified natural gas (LNG). The company operates 93,000 km of natural gas pipeline infrastructure in Canada, the United States, and Mexico. TC Energy also has vast natural gas storage operations as well as oil pipelines and power-generation facilities that round out the balanced revenue stream. Europe is scrambling to secure reliable LNG supplies for the coming decades, as it looks to end its reliance on Russia. American LNG facilities can ship the fuel to Europe and TC Energy has key infrastructure in place to move natural gas from core production regions to the LNG terminals, where the gas is cooled to its liquid form and put on special ships. TC Energy is also building a strategic pipeline in Canada that will connect na...

After reaching their highest level in over a decade last month, oil prices are continuing to witness a sharp correction in April. Since March 8, WTI crude oil prices have seen more than a 20% correction. Investors’ high hopes from the ongoing Russia-Ukraine negotiations and fears that the new COVID-related restrictions in China could hurt the demand seem to be driving prices of energy products lower. Nonetheless, oil prices are still trading with nearly 30% year-to-date gains, which should help most energy companies boost their profitability in the near term. Also, despite the recent dip, I expect the prices for energy products to remain strong throughout the year as the overall post-pandemic economic recovery continues. Given that, you may want to add some fundamentally strong — yet cheap — Canadian energy stocks to your portfolio right now. In this article, I’ll highlight two such cheap energy stocks on the TSX that could yield solid returns in the long term. Crescent Point Ene...

Millennial investors will be forced to consider several investment strategies, as market volatility picks up in the middle of 2022. Back in February, I’d looked at some of the top growth-oriented equities that were worth snatching up. Today, I want to look at three Canadian stocks that millennials can depend on for stability and income for the long haul. Let’s jump in. Here’s a Canadian stock in the telecom space to target today Telus (TSX:T)(NYSE:TU) is one of the top telecommunications companies operating in Canada. This Canadian stock has increased 9.7% in 2022 as of close on April 27. The stock is up 28% in the year-over-year period. Canadian telecoms have proven to be highly dependable profit machines over the past decade. The company released its fourth-quarter and full-year 2021 results on February 10, 2022. Total mobile net additions jumped 25,000 over the prior year to 193,000. Wireless net additions hit a record 79,000. Meanwhile, operating revenues increased 20% to $...

The higher volatility in the markets burned even the seasoned investors recently. TSX energy stocks have been on a regular breakout, while there has been no respite for high-growth tech stocks. However, some names could still see meaningful value creation in the medium to long term. Here are three top TSX stocks of them. Cenovus Energy The Canadian energy sector has been in a sweet spot for the last few quarters and is still going strong. Cenovus Energy (TSX:CVE)(NYSE:CVE) was among the Canadian energy bigwigs that began reporting Q1 2022 earnings this week. Cenovus not only exceeded expectations but even amazed investors by tripling its dividends. That helped the stock jump more than 10% on April 27. Interestingly, this could be a start for energy producers like Cenovus. Investors can expect continued strong financial growth for Canadian oil and gas players in 2022. Imagine Q1 had only a month when WTI oil prices exceeded the US$90-a-barrel level. WTI has already been tradin...

The current macroeconomic and geopolitical headwinds have made it challenging for investors to pick stocks for their TFSA portfolio. Due to the recent selloff, several TSX stocks have corrected significantly from their peak. However, not all are investable. If you plan to add a few solid high-growth stocks to your TFSA portfolio, consider adding Lightspeed (TSX:LSPD)(NYSE:LSPD), Nuvei (TSX:NVEI)(NASDAQ:NVEI), and Dye & Durham (TSX:DND) stocks. Let’s look at these stocks to know why they would outperform the broader markets in the long term and generate stellar tax-free capital gains.    Lightspeed Lightspeed offers cloud-based payments and e-commerce platform to small- and medium-sized businesses. The demand for its digital products accelerated amid the pandemic and led to a rally in its stock. However, concerns around growth and a short report from Spruce Point wiped out a significant amount of value from its market cap.  It’s worth noting that Lightspeed stock has corre...

Canadian National Railway (TSX:CNR)(NYSE:CNI) announced its March quarter results on Tuesday after the market closing bell. While the rail company managed to meet analysts’ revenue estimates for the quarter, its adjusted net profit missed expectations. This could be one of the main reasons why CNR stock fell by well more than 5% on Wednesday morning to as low as $148.41 per share — its lowest intraday level since October 2021. While CN Rail stock staged a recovery later during the session, it was still down by more than 2% for the day. Before we take a closer look at what lies ahead for CN Rail stock, let’s take a closer look at its latest quarterly numbers. CN Rail posts higher revenue despite lower volumes In the first quarter, Canadian National Railway’s volumes on a revenue-tonne-miles (RTMs) basis fell by about 8% from a year ago. While the company denied demand issues, it blamed extreme winter conditions in the first two months of the year, supply chain issues, and a weak...

Winpak (TSX:WPK) shares rose slightly on Wednesday morning after the packaging company reported earnings that beat out estimates. Revenue increased by 23% year over year to US$276 million.Winpak stock reported earnings per share at US$0.52, beating out estimates.Net income also rose to about US$34 million, up 38.3% quarter over quarter. What happened in Q1 for Winpak stock? Winpak stock managed to achieve “exceptional” results for the first quarter after advancing its gross profit by US$0.18 earnings per share. Revenue came in at US$276 million for the first quarter alone, up 22.8% year over year, despite volumes remaining “virtually unchanged.” This was seen as a win by the company, considering that COVID-19, supply-chain disruptions and labour shortages all hampered the Winpak’s growth. But the company’s new frozen food product launch seemed to help bolster production as well. Selling prices increased as well, raising the company’s earnings per share by US$0.24, while reducing...

Many avoid investing in the energy sector because of its wild swings, driven by volatile oil and gas prices. But not all energy stocks are equally risky. Energy infrastructure companies offer low risk and moderate return prospects for long-term investors. One of them is TC Energy (TSX:TRP)(NYSE:TRP). What differentiates TC Energy stock? TC Energy is a $70 billion company that operates oil and gas pipelines in North America. Its pipeline network operates 25% of natural gas consumed across the continent. It also owns seven power plants of 4.2 GW capacity, enough to power four million homes. What makes TC Energy different from energy producers is its earnings stability. Energy infrastructure companies earn their cash flows from rate-regulated, fixed-fee contracts. In addition, oil and gas prices indirectly impact their financials. For instance, when crude oil prices rise, producers have an incentive to drill more and increase their production. So, higher production means higher bu...

The S&P/TSX Composite Index was down 158 points in late-morning trading on April 26. Investors need to be cautious as market volatility ramps up, but this environment also brings opportunity. The annual contribution for the Tax-Free Savings Account (TFSA) rose by another $6,000 in 2022. That brings the cumulative contribution room to a total of $81,500. Today, I want to look at four cheap stocks that are worth targeting in your TFSA today. Let’s jump in. Here’s why this discounted equity is perfect for your TFSA today ONEX (TSX:ONEX) is a Toronto-based private equity firm that specializes in acquisitions and platform acquisitions. Shares of this cheap stock have dropped 25% in 2022 at the time of this writing. This has pushed the stock into negative territory in the year-over-year period. This company released its fourth-quarter and full year 2021 results on February 25, 2022. In 2021, Onex delivered net earnings of $1.40 billion or $15.76 per share — up from $730 million, ...

The Canadian equity market has remained surprisingly firm, despite the global uncertainties caused by the Russia-Ukraine war. The S&P/TSX Composite Index is up by 1.95% year to date at writing. However, the inflationary environment in Canada is getting worse. Statistics Canada reported that Canada’s inflation stood at a 31-year high of 6.7% in March 2022. The Bank of Canada (BoC) started increasing interest rates earlier in April to combat the rising inflation. However, the 0.5% increase was only the start of what is to come. Economists expect BoC to enact several interest rate hikes throughout the year if it wants to make a dent in rising inflation rates. Higher interest rates could take a while to cool down Canada’s red-hot inflation. Unfortunately, interest rate hikes are a double-edged sword, because they can increase borrowing costs and slow down economic growth. Stock market volatility can continue for several quarters. Dividend investing is an excellent strategy to s...

Warren Buffett famously said that investors should buy the stocks of great companies and hold them forever. At the Motley Fool, we take Buffett’s advice to heart and believe in the power of a long-term perspective when it comes to investing. Although everyone likes to find a good undervalued stock, sometimes it is better to buy the stock of a great company at an okayish price as opposed to the stock of a mediocre company at a good discount. The stocks of businesses with sustainable, excellent performance make ideal buy-and-hold stocks. For this reason, new Canadian investors should focus on the stocks of blue-chip companies with excellent fundamentals, understandable business models, essential products and services, a wide economic moat, solid financial ratios, and good management. Franco-Nevada My stock to examine this week is Franco-Nevada (TSX:FNV)(NYSE:FNV), a Canadian mining sector royalty and streaming company with a focus on gold, silver, and platinum. In the mining ...

TFSAs (Tax-Free Savings Accounts) allows Canadian citizens above 18 to earn tax-free returns upon a specified investment amount called contribution room. So, investors can add stocks with high-growth potential to their TFSA to create substantial wealth in the long run. Meanwhile, if you are looking at adding growth stocks to your account, my two top bets are here. Lightspeed Commerce Lightspeed Commerce (TSX:LSPD)(NYSE:LSPD) provides omnichannel selling solutions to retail, hospitality, and golf enterprises across several countries. The pandemic has accelerated the transition to online shopping, prompting small- and medium-scale enterprises to take their business online. This transition has expanded the addressable market for the company. Meanwhile, Lightspeed Commerce is broadening its product offerings, adding new segments, and venturing into new markets to drive growth. The company continues to grow its financials at a healthier rate, which is encouraging. However, since S...

Scotiabank (TSX:BNS)(NYSE:BNS) stock has been incredibly resilient over the past few years, with COVID headwinds weighing heavily across the globe. As Canada’s most internationally focused bank, with exposure in the higher-growth Latin American region, the recovery from COVID has been quite rough versus more domestically focused banks. Still, with a modest multiple at around $85 and change per share, I think Canadian investors have a lot of reason to give the well-run bank the benefit of the doubt amid profound macro uncertainties. n intriguing Big Six bank stock that may be the best bargain right now Emerging markets exposure can be a source of greater long-term growth, but it can be a wilder ride. Still, for many young investors, I think that punching one’s ticket at a low point could prove wise. At writing, shares of BNS trade at a discount versus the Big Six peer group. The stock goes for just 10.7 times trailing earnings. That’s cheap for the calibre of business you’re getti...

It’s not that often you see a company buy back a full 3% of its stock. But this year, one Canadian bank is doing just that. With its profits rising, this bank has decided to up its ongoing buyback program to $1.1 billion. That brings the total value of the program to $3 billion — a full 3% of the bank’s market cap. You may have heard of companies doing some big buybacks in recent months. For example, Amazon announced a $10 billion buyback a few weeks ago. That’s big in raw dollars, but the buyback happening right here in Canada is much larger as a percentage of the company’s market cap. So, what is this big bank, and why is it buying up so much of its own stock? Bank of Nova Scotia Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) is Canada’s third-biggest bank by market cap. It is well known for its high level of geographic diversification, having many branches in Latin America and Asia. Bank of Nova Scotia had a great run in 2021. That year, it delivered the following: $9.95 billio...

Passive-income seekers likely already know all about real estate investment trusts (REIT). These companies provide passive income from investing in real estate across the world, creating stable income that can be dished out as dividends. But that shouldn’t mean Motley Fool investors ignore returns completely. In fact, REITs can provide strong opportunities as a growth stock if you know where to look. So, let’s look at three that could be solid purchases for the next decade. Brookfield Renewable If you want in on clean energy action, then I would consider Brookfield Renewable Partners (TSX:BEP.UN)(NYSE:BEP). Brookfield owns clean energy assets around the world, with everything from offshore wind farms to solar fields. And it continues to expand every quarter. Yet after shares hit all-time highs, those shares have since sunk far back. Far below where they should be given the expansion in clean energy use. In fact, it remains in value territory trading a 2.16 times book value an...

Saving and investing your money can unlock many doors in helping you secure a strong financial future. Depending on your short- and long-term goals, investing your capital can help you create a passive-income stream to supplement your active income. If you don’t need additional money to help with your monthly expenses, you can reinvest the returns to accelerate your wealth growth for the golden years of your life. Investing in real estate could be an excellent way to park your capital and generate a passive income through rent. Additionally, the value of real estate only increases in the long term. You can sell your investment property years after you bought it to enjoy considerable profits on your initial investment. Unfortunately, buying a house as an investment property to generate rental income is becoming increasingly challenging for Canadians today. The red-hot housing market does not appear to be cooling down anytime soon. If you want to buy real estate as an investmen...