WilliamMLeighty634 blog

Even though the past performance of any given stock is no guarantee that the stock will perform in the future, you can derive a lot of insights from the way a stock has performed at a specific time (or during a specific economic crisis). But there are conditions. For example, if you go too far back in time, the comparison might not be so accurate. So, if you are looking for stocks that may perform well or at least recover fast if there is a recession in 2023, it would be a good idea to choose the stocks that performed well in the last five years and showed resilience during the pandemic. There are three such stocks that you may consider holding for the upcoming recession (if it’s coming). utility stock Utility stocks are inherently more resilient to economic crises compared to businesses that rely upon discretionary spending. This makes Hydro One (TSX:H) a solid choice by itself, but it becomes an even more compelling option when you consider its performance in the last fi...

The holidays are hard in general. You can tell yourself until you’re blue in the face that next year, you’ll start buying things throughout the year to offset the flood of spending. But this year, that was unlikely to happen. After all, inflation rose by insane amounts, and interest rates didn’t help either. Now you’re stuck paying for products that are more expensive than they were, never mind last year, but even a few months ago. So today, if you have cash you’re hoping to invest, I’m recommending these dividend stocks. By investing in them, it will help offset the costs associated with this time of year. NorthWest NorthWest Healthcare Properties REIT (TSX:NWH.UN) is an excellent choice because it offers a high dividend that pays out each month. Right now, the yield for this stock sits at 7.91%. That’s incredibly high, and it’s also incredibly stable. NorthWest is using its cash to expand its portfolio of healthcare properties around the world. So while it’s not currently i...

Investors looking for strong options in the new year actually have a lot of choice right now. There are solid long-term options you can hold for decades, even though right now might not seem like such a great time to get into the market. However, I’d argue it’s one of the best times! That’s, of course, if you have the cash to set aside as well as the time. If you do, then these are the top three stocks I would recommend to Tax-Free Savings Account (TFSA) holders for 2023 and beyond. Nutrien stock Nutrien (TSX:NTR) is one of my favourites options right now for those looking for passive income and seriously high returns. Sanctions against Russia continue, creating a huge opportunity for Nutrien stock to bring in even more partnerships for its crop nutrient business. But it’s been doing well on its own as well. Nutrien stock continues to grow through acquisitions, but its online performance has created solid organic growth as well. The company announced during its most recent ea...

Enbridge (TSX:ENB) and Brookfield Infrastructure Partners (TSX:BIP.UN) stocks are big hitters when it comes to infrastructure in Canada. These stocks are attractive, because they pay substantial dividend yields that are largely protected by defensive business models. These businesses have intriguing assets, but there are different reasons why you would want to own and hold them in your portfolio. Let’s dig into which stock is a better buy today. Enbridge stock With a market cap of $104 billion, Enbridge is, by far, the largest infrastructure stock in Canada. It operates a North America-wide network of core businesses that include gas distribution, gas transmission, oil liquids pipelines, and renewable power. 95% of these assets are contracted or regulated, so its businesses produce a predictable stream of earnings. Over the past 10 years, Enbridge has only delivered a 26.5% stock return. That is a meagre 2.4% compounded annual return. Add in its dividend, and its 10-year to...

In a recent conversation with a financial advisor, I asked whether it was a good time to get out of the sectors that proved fruitful this year. Those sectors in particular were infrastructure and utility companies, some of the best dividend stocks out there. While the advisor did say that diversification is key, the utility and infrastructure sectors are still strong. Even after the climb and fall we’ve seen, these sectors are likely to come soaring back in the second half of 2023. So today, I’m going to narrow my focus to the best of the batch. The two dividend stocks in the infrastructure and utility sectors that I would recommend holding now while they’re down, and look forward to receiving amazing returns in the near future. Canadian Utilities Canadian Utilities (TSX:CU) is the perfect option if you’re looking for secure dividends. It’s the only Dividend King on the market as of writing. Further, it proved to be quite the defensive play over the last few months. That is...

Investors planning to start a passive-income stream could consider investing in stocks that offer monthly payouts. Thankfully, the Canadian stock exchange has several top dividend stocks that provide monthly payouts. Investors can rely on these companies’ shares to boost their monthly income.  But before investing, one should understand that dividend stocks are not risk free, and their payouts are not guaranteed. With this background, let’s zoom in on three TSX stocks to earn monthly passive income. NorthWest Healthcare Properties REIT Several REITs (real estate investment trusts) offer monthly payouts, and NorthWest Healthcare Properties REIT (TSX:NWH.UN) is one of the top bets in the REITs space for its defensive business and high yield.  NorthWest owns a diversified portfolio of real estate assets focusing on healthcare operators. Its portfolio includes medical office buildings, hospitals, and clinics that witness high and steady occupancy and support its cash flows...

With a recession on the way, many investors are rotating from growth plays to traditional value names with dividends. As share prices fall across the board, yields are bound to swell. However, not all swollen dividends are worth grabbing at, even if a payout is more than sustainable. Why? Even high dividend yields won’t mean much if capital losses stack up, weighing down an investment’s total return. A 7% yield is less meaningful if it comes alongside a 30% downside. Indeed, buying dips in quality dividend stocks tends to be a good idea for long-term thinkers. That said, extra due diligence must be exercised to ensure a payout doesn’t have a chance to be put on the chopping block. Consider Algonquin Power & Utilities (TSX:AQN) stock. Just over a year ago, it was viewed as a dividend growth stock that shined above and beyond its peers. Fast-forward to today, and rising interest rates have sent the former market darling into the biggest rut in its history. The roadmap is unclea...

We are entering 2023 with pretty much the same concerns that weighed on markets this year: higher interest rates and unwavering inflation. So, even if markets are not so optimistic for the next year, it should not postpone your investments. You just have to be more selective with stocks in these markets. Diversification indeed goes a long way. And that does not mean you should invest in multiple stocks in various sectors. In the current environment, less exposure to growth stocks and higher exposure to dividend stocks or defensives will likely play well. So, here is a portfolio idea of some diversified TSX stocks for 2023. Canadian Natural Resources Canada’s largest oil and gas producer Canadian Natural Resources (TSX:CNQ) is a top energy bet for long-term investors. It has returned 50% this year, including dividends. As oil and gas prices marched higher this year, energy producers saw massive earnings growth. Canadian Natural was no exception. It saw stellar financial grow...

This year has been challenging for the equity markets as high inflation, rising interest rates, and geopolitical tensions weighed on investors’ sentiments. The Canadian benchmark index, the S&P/TSX Composite index, is trading 9% lower this year. Despite the broader weakness, the following three TSX stocks have delivered double-digit returns. Let’s see why these three stocks would still be an excellent addition to your portfolio. Suncor Energy Amid the cooldown in oil prices, Suncor Energy (TSX: SU) has lost around 23% of its stock value compared to June highs. Despite the fall, the company is still trading 36% higher this year. Its solid quarterly earnings on higher oil prices has driven the company’s stock price. Meanwhile, I expect the uptrend to continue in 2023 as well. OPEC  (Organization of the Petroleum Exporting Countries) is projecting oil demand to bounce back next year amid the easing of COVID restrictions in China. Despite the uncertain economic outlook, ...

Right now is a great time for investors. No really! There are some strong companies, especially dividend stocks, that can deliver enormous passive income. Even on a monthly basis, and even by 2030! The key here is to remember that passive income is exactly that: income that’s created passively. So this doesn’t necessarily mean that you’re only looking at dividends here. It means you’re looking at all cash you’re receiving from your investments, without lifting a finger. So today, I’m going to look at two of the best dividend stocks out there for those seeking this kind of passive income. By looking at expected returns as well as dividends, you can most certainly achieve $500 per month in passive income by 2030. NorthWest First off, we have NorthWest Healthcare Properties REIT (TSX:NWH.UN). This is a strong dividend stock that currently trades in value territory at just 8.2 times earnings. It offers an enormous 8.22% dividend yield as well, with shares down 27% year to date. ...

Fixed income has been a major focus for investors right now. There are a lot of equity options, and, frankly, you should also be looking at bonds. But here at the Motley Fool, we focus on the former. And there are certainly some safe, solid places where investors can put their cash and receive passive income every single month. And in the case of this dividend stock, you can get that passive income for an incredible price. Slate Grocery REIT Slate Grocery REIT (TSX:SGR.UN) is a solid choice for a number of reasons. First, it’s a real estate investment trust (REIT). REITs must pay out 90% of their net earnings to shareholders, which usually comes in the form of dividends. In return, they receive special tax treatment. So, you can be sure that you’ll continue to see dividends coming your way for years. What you can also look forward to in the case of Slate stock are dividend increases. In fact, during the last eight years, Slate stock has grown its dividend by a compound annual...

Many companies are spiralling downwards these days. However, not every one of these companies could be considered oversold. Oversold happens when companies go far below their fair value, offering an opportunity for investors. Especially if it’s a dividend stock. So that’s why today I’m going to discuss one oversold dividend stock investors should consider. Not only has it fallen far below value, but you can gain access to a dividend while you wait for an eventual rebound. And it will eventually rebound. TransAlta Renewable TransAlta Renewable (TSX:RNW) has been hit with problem after problem this year, at a time when the company really couldn’t afford with a recession coming in. RNW stock had enough problems in 2021, with a turbine collapse at its New Brunswick wind farm leading to a closure and replacement of the 50 towers. More problems came up this quarter, when RNW stock announced it saw, “lower than expected wind resource.” Plus, rising interest rates and competition hav...

If you wish to earn monthly passive income in Canada, dividend investing can be of great help. By investing your hard-earned savings in some quality dividend stocks, you can expect to earn reliable monthly passive income, even in difficult market conditions. In this article, I’ll highlight one of the best TSX dividend stocks you can buy right now to make $500 in passive income each month. Top dividend stock for monthly passive income in Canada Whether you’re investing to retire early or earn extra cash each month, you should always ensure that you invest in companies with strong fundamentals and a resilient business model. This rule will help you filter out businesses with weak growth outlooks that could potentially increase your risk profile. With that in mind, SmartCentres Real Estate Investment Trust (TSX:SRU.UN) could be worth investing in right now. After rallying by 40% in 2021, the shares of this Vaughan-headquartered real estate investment trust (REIT) have seen a 1...

2022 was the year of energy stocks, while all other growth stocks, especially tech stocks, descended. One stock that surprised the market was the business jet maker Bombardier (TSX:BBD.B). Its stock price surged 180% after the company did a reverse stock split (25:1) in July to maintain its position on the TSX Composite Index. Initially, the stock fell 40% immediately after the split as many investors feared the survival of debt-laden Bombardier in a rising interest rate economy. But I have been bullish on the jet maker since it sold off its train business to Alstom in January 2021, and I still am. Here’s why. This growth stock is the turnaround story of the decade  The turnaround point for Bombardier came when it got a new CEO, Éric Martel, in March 2020. The company’s priority was to reduce debt and give it the financial flexibility to grow its business and improve cash flows. In the last two years, Bombardier sold its train-making business and used the proceeds to re...

The selloff of airline stocks due to the COVID-19 breakout was abrupt and sudden. Air Canada (TSX:AC) was hoping to post the 28th consecutive quarter of operating revenue growth in the first quarter (Q1) of 2020. Instead, the company incurred a staggering $1.049 billion net loss during the quarter to break its pre-pandemic winning streak. Canada’s flag carrier will likely end 2022 with 12 consecutive quarterly losses. However, a turnaround could be on the horizon. For the first time since the pandemic began, Air Canada delivered a positive operating income in Q3 2022. In the three months that ended September 30, 2022, operating income reached $644 million compared to the $364 million operating loss in Q3 2021. Michael Rousseau, Air Canada’s president and chief executive officer (CEO) said, “We stand on a robust foundation and, with our most recent financial results, investments and strategic plan, are confident we have a bright future in connecting Canada and the world...

Canadian stocks staged a recovery on Friday, as an intraday recovery in commodity prices drove metal mining and energy stocks higher ahead of the long Christmas and Boxing Day weekend. The S&P/TSX Composite Index rose by 157 points, or 0.8%, in the last session to settle at 19,507, helping the index end the week with 63-point gains to end a two-week-long losing streak. Besides commodity-linked stocks, renewed buying was also seen in key stock market sectors like utilities, real estate, and consumer non-cyclicals. In contrast, shares of most healthcare and technology companies traded on a negative note. Top TSX movers and active stocks Dye & Durham (TSX:DND) stock popped by nearly 10% in the last session to $15.55 per share, making it the top-performing TSX Composite component for the day. With this, DND stock staged an impressive recovery of 29.5% last week. This rally started after Dye & Durham made an announcement regarding “a significant expansion of its softwa...

The rising interest rates and economic slowdown are weighing on the shares of goeasy (TSX:GSY), a provider of leasing and lending services to non-prime consumers. Investors were worried that the negative impact of the macro headwinds would hurt its loan originations and lead to a deterioration of its delinquency rate. Given the fear, goeasy stock has slumped about 40% this year.  While investors’ concern is warranted, the significant decline in its price seems unreasonable. Notwithstanding the macro challenges, the company has delivered stellar financial performance in 2022.  It’s worth highlighting that goeasy stock has compounded investors’ wealth in the past. GSY has grown at a CAGR (compound annual growth rate) of over 30% in the past decade. Moreover, it has enhanced its shareholders’ wealth through higher dividend payments during the same period.  Given the company’s solid returns history and strong fundamentals, the pullback in its stock price presents a b...

Did you miss out on big tech stocks in 2001, 2009, or 2020? If so, now could be your best opportunity yet to buy them. Although most big tech companies are still more expensive than they were in 2009, many of them are now approaching or even beating their 2020 valuations. This year has seen a massive selloff in big tech, with some of the world’s most profitable companies falling 30%, 50%, or, in some cases, even 70%. The NASDAQ-100 — the index of the biggest U.S. tech companies — is currently down about 30% for the year. Bargains abound. In this article, I will explore two big tech stocks that are looking good after having sunk to shocking lows. Google owner sinks to shocking lows Alphabet (NASDAQ:GOOG) is one stock that has really taken a beating this year. Currently trading at US$87.76, it is down approximately 39%. There are various reasons why Alphabet is being beaten down. First, its most recent earnings released showed the company still hiring, despite the fact ...