WilliamMLeighty634 blog

The Canadian stock market continued to rally for the sixth session in a row as weaker-than-expected growth in the U.S. GDP (gross domestic product) lowered the possibility of aggressive interest rate hikes in the near term. The S&P/TSX Composite Index climbed 103 points, or 0.5%, on Thursday to 19,941, extending the benchmark’s week-to-date gains to a solid 2.3%. While all major stock market sectors, except healthcare, ended the day in green, strong gains in utility, real estate, and consumer-noncyclical stocks primarily drove the market up. Top TSX Composite movers and active stocks Filo MiningDenison MinesCapstone Copper, and Endeavour Silver were the top-performing TSX Composite components yesterday, as they inched up by at least 4.9% each. On the flip side, shares of K92 Mining (TSX:KNT) dived 4.3% to $7.80 per share after its weaker-than-expected fourth-quarter results came out. Although the Vancouver-headquartered metal miner’s revenue in the December quarter ro...

Investors could buy high-yielding dividend stocks to boost their passive income to ease some of the pressure in this inflationary environment. However, rising interest rates and uncertain outlooks have dented the financials of several companies. So, investors should be careful in choosing stocks. Meanwhile, I am bullish on the following three TSX stocks that are fundamentally strong and pay monthly dividends at a healthier yield. Pizza Pizza Royalty Pizza Pizza Royalty (TSX:PZA) owns and operates Pizza Pizza and Pizza 73 brand restaurants through franchises. The company collects royalties from its franchisees based on their sales. So, rising prices will not have much impact on its financials. Meanwhile, the company posted a solid fourth-quarter (Q4) performance earlier this month, with its same-store sales growth growing by 13% while its adjusted EPS (earnings per share) increased by 11.1%. The increase in consumer footfall amid the easing of restrictions and growth in average...

With so much uncertainty in markets these days, many value stocks are trading at unbelievably cheap prices. These stocks are some of the best to invest in since they offer investors the opportunity to capitalize on undervalued gems. Furthermore, when you can find high-quality stocks with excellent long-term growth potential trading undervalued, they not only have the opportunity to recover back to fair value but also continue to grow the value of their shares for years to come. This is why it’s essential to look for high-quality stocks trading undervalued and not necessarily the cheapest stocks on the market. So if you’re looking to buy stocks for the long haul in this environment, and take advantage of the recent sell-off in many Canadian stocks, here are three of the best value stocks on the TSX to buy in April. top Canadian retail stock With Aritzia (TSX:ATZ) selling off over the last four months, it’s rapidly becoming one of the best stocks that investors can buy t...

High-yield dividend stocks always deserve consideration. Sometimes, they’re high-yield because they’re about to blow up. But sometimes, there’s a mispricing at play. And this is when things get very enticing. Let’s look at 9.4% yielding Northwest Healthcare Properties REIT (TSX:NWH.UN) as an example. Is this the opportunity of a lifetime? 9.4% yield is a big deal Northwest Healthcare Properties REIT (TSX:NWH.UN) is a real estate investment trust (REIT) that owns and operates a lucrative portfolio of global healthcare real estate assets. In fact, its $10.6 billion , 233 property portfolio is complimented by a $12.5 billion funds management business. All told, Northwest’s business is a well-diversified business that is relatively well sheltered from rising inflation and economic hardship. This plays out in two ways. Firstly, revenues are directly tied to inflation. Essentially, its assets (properties) are long-leased and inflation indexed. Also, the healthcare indust...

The TSX today offers some stellar deals right now for Tax-Free Savings Account (TFSA) investors. Once you have most of your portfolio thought through with your financial advisor, there are some significant deals you can lock up with the remaining cash you have, including some of the top TSX stocks on the market. What makes a top TSX stock? I consider top TSX stocks to be blue-chip companies on the TSX today — specifically, those that fall under the TSX60. If you’re going to look for some top TSX stocks, I would certainly start there. However, if you’re a TFSA investor looking for a deal that’s going to last years, if not decades, in the future, then you need to look at industries. Top TSX stocks I would consider are those providing essential services — those that offer a deal now but are due for a sustained rebound that should last decades. In this case, these are the ones I would recommend on the TSX today. The top TSX stocks I’d pick today If you’re looking for essentia...

You must have heard how the TSX Composite Index lost 900 points as the U.S. banking crisis triggered a panic. When the market loses value, fundamentally strong stocks become undervalued, creating a perfect opportunity for value seekers. It is time to prepare your monthly Tax-Free Savings Account (TFSA) investment strategy for April. The current market scenario  The current market is balancing on a thin rope. On one side, investors fear a recession and are waiting on the sidelines for a dip. On the other side, the central banks are holding the rope (not too tight, not too loose), balancing the economy. Canadian banks expect to see a mild recession and have prepared themselves by increasing the risk ratios. Three value stocks to buy in April  The market dip has created an opportunity to buy value stocks with secular growth trends at attractive discounts. It is time to invest your Tax-Free Savings Account (TFSA) amount in these three value stocks.  REITs – a contrarian oppor...

Investors began panicking, as three banks collapsed across the border in the United States. The pressure of rising interest rates seems to have gotten to the U.S. banking sector. Further news about banks made investors wary, as Credit Suisse, Switzerland’s second-largest bank, saw its major investor refuse to inject more money. March 2023 saw Canadian bank stocks decline in valuation as well. As of this writing, Royal Bank of Canada (TSX:RY) stock is down by 8.44% from its February 2023 high. Trading at an over 10% discount from its 52-week high, many investors might wonder: is it a good time to buy more shares of RBC stock, or should they be worried about their existing holdings in the bank stock? Let’s discuss the situation to determine what might be the better approach right now. Canada’s largest financial institution Royal Bank of Canada is one of Canada’s oldest and largest financial institutions. Founded in 1864, it also has significant international banking ope...

Dollarama (TSX:DOL) is among the most well-known, large-cap stocks in Canada, and there are multiple reasons for that, ranging from its business model to its long-term growth potential. The company also pays dividends and has earned the title of an Aristocrat by growing its payouts for 12 consecutive years; the yield is usually too low for most dividend investors. Right now, another reason to consider Dollarama stock is the modest 8% discount the company is offering. Still, investors should rightfully wonder whether the stock is poised for purchase right now or if they should wait for a more attractive discount tag. The company Dollarama started with one store in Quebec in 1992, and now, about 31 years later, it has grown to over a thousand locations around the country. One of the primary reasons for the success of Dollarama is the same as most global chains of dollar stores/similar businesses — i.e., affordability. Dollarama stores offer Canadians a wide array of products at...

Starting a passive income can be much more than just an investment decision. A substantial enough passive income can help you augment your income, better manage your finances, prevent you from taking on debt or help you reduce/eliminate any debt you might have. You need a significant amount of capital and the right high-yield stocks to generate a substantial passive income. mortgage company Like most other non-bank mortgage lenders in Canada, Atrium Mortgage Investment (TSX:AI) caters to individuals and commercial entities that can’t approach the big banks for mortgages and real estate loans. This is a surprisingly big market, thanks partly to the conservative approach of Canadian banking institutions. Atrium is a relatively small player in that market segment. It has a market capitalization of about $521 million, putting it close to the lower end of small-cap stocks in Canada. The company is currently modestly discounted — i.e., 18% from its pre-pandemic peak. The company ...

A passive income portfolio could be a saviour during the next year. After all, we’re heading towards a recession that economists predict should be here by mid-2023. That means what we’re seeing now isn’t anywhere near where share prices could fall. For proof, look to the past if you want a hint of the future. During the last two recessions, we saw that market drop by around 40%. As of writing, the TSX today is only down by about 11% from 52-week highs. And even at its lowest point, it was only down by close to 20%. With that in mind, it’s time to start preparing. Create some cash flow by investing in dividend stocks and creating a passive income portfolio. If this sounds like something you’d be interested in, here are four to get you started. Slate Grocery REIT There are some dividend stocks out there trading downwards simply because they’re in the wrong sector. Real estate investment trusts (REIT) are an example, and Slate Grocery REIT (TSX:SGR.UN) is one of the companies do...

Are you worried about missing the next bull market in stocks? If so, you’re not alone. According to an article in the Sydney Morning Herald, missing out on the next bull market is the biggest fear of trillion-dollar fund managers. After watching stocks fall last year, fund managers at firms like Vanguard and Fidelity are concerned that stocks will rise this year, and they (who have moved into bonds) will miss the action. They may be right to feel that way. Historically speaking, stocks have gone up in more years than they have gone down. We had one confirmed bear market in 2020, then another just two years later, in 2022. History would predict that a bull market is forming. In this article, I will explore a simple strategy that you can use to ensure you don’t miss the next bull market. Buy all the way down In order to buy the bottom in stocks, what you want to do is be buying progressively all the way down to the bottom. This sounds counterintuitive, but it comes from a sim...

Back in February 2021, Canadian Imperial Bank of Commerce released a report that was co-authored by its deputy chief economist Benjamin Tal. The report revealed that Canadians who had reduced spending during the COVID-19 pandemic at the start of this decade could be sitting on more than $100 billion in cash. Spending habits have evolved over the past two years, especially as soaring inflation has weighed on consumer wallets. Today, I want to look at a top dividend stock that is well worth snatching up for Canadians who still have some extra cash to burn. Let’s jump in. Canadian investors: Why you shouldn’t hold cash in this climate Investors should not be so eager to sit on their laurels after the worst of the pandemic. Inflation soared to stunning new heights in late 2021 and throughout 2022, spurring radical action from central banks in the developed world. Your cash is bleeding, as inflation soared to as high as 8.13% in Canada in June and was still 5.2% in February 2023...

Establishing a monthly passive income stream is something that every investor should consider, and not only when retiring. Fortunately, there is a way to establish an income stream before you stop working. Here are some key steps to making $500 in monthly passive income a reality – even in 2023! Step 1- First, understand it will take time This may seem self-explanatory, but few investors, especially those who are new to investing, have $40,000 or more to drop on a handful of stocks. And that’s OK. Establishing a monthly passive income stream of $500 or more is going to take time and plenty of patience. This is why it’s important to start early and give time for that income stream to build up. Specifically, would-be investors who don’t need to draw on that monthly passive income yet can instead reinvest those monthly dividends until needed. Over a longer period, this will allow that income to grow on autopilot. Step 2- Invest in this well-diversified gem Exchange...

Got $1,000 burning a hole in your pocket and don’t know where to put it? I wish I had that problem. All jokes aside, consistently reinvesting spare cash after your expenses are paid for and emergency fund is maxed out is a great way to build wealth long term. However, picking and choosing what to invest it in isn’t always good. Should you pick dividend stocks? Maybe a GIC? Growth stocks? Bitcoin? Meme stocks? Online, you’ll hear a variety of opinions, most of which are not looking out for your best interests. At the end of the day, how you choose to invest should be based on your risk tolerance and objectives –how much you’re willing to potentially lose, and what you’re planning to use the money for. Here’s what I would personally invest in with $1,000. Diversify, diversify, diversify I love diversification – it’s literally the only free lunch in investing. Done right, you can decrease your risk without impacting returns too much. The stock market is confusing and unpre...

Tax-Free Savings Accounts (TFSAs) have become a popular investment vehicle for Canadians since they were introduced back in 2009. The fact that you can buy top TSX stocks and watch your investments grow tax-free, as well as make withdrawals without incurring any penalties, means that TFSAs are some of the best tools that Canadians have at their disposal. It also shows why it’s essential to buy high-quality TSX stocks in your portfolio. You, of course, want to own businesses that can grow significantly to grow the value of your capital. But you don’t want to pay any tax on the gains. At the same time, though, you want to avoid risky stocks to not only avoid losing your hard-earned money but also because our contributions are limited each year and should be used to invest in outstanding companies. That’s why some of the best stocks to buy are well-established companies that pay a dividend. By investing in these top TSX stocks, TFSA investors can benefit from both capital ap...

The digital revolution continues to pick up steam. With so much moving online at a such rapid pace, companies like Shopify (TSX:SHOP) have been booming. While the last few years have been extremely volatile for Shopify stock, trends remain extremely positive. Is it a good time to buy SHOP stock? Shopify (SHOP) stock: The roller-coaster ride Unbridled optimism or doom and gloom: these are two extremes that are very familiar to Shopify stockholders. They’re what has sent the stock to highs of more than $210 and lows of $35 in just three short years. But what is behind Shopify’s stock price movements? The truth is that behind all of this volatility, Shopify stock is actually very well supported. Its underlying business is benefitting from one of the most powerful and lasting trends today — the digitization of the retail world and the fast-growing number of entrepreneurs. For example, revenue in Shopify’s most recent quarter increased 28% to $5.6 billion. This is quite impr...

WELL Health Technologies (TSX:WELL) is a digital healthcare company that facilitates healthcare practitioners to provide virtual care and digital patient engagement services. Last week, the company reported an impressive 2022 performance and provided solid 2023 guidance, driving its stock higher. The company is trading over 13% higher since its earnings on March 21. Despite the recent surge, it trades around 50% lower than its 52-week high. So, let’s assess the buying opportunities in the company right now. First, let’s look at its 2022 performance in detail. WELL Health’s 2022 performance For the fiscal completed on December 31, WELL Health has reported revenue of $569.1 million, representing a year-over-year growth of 88%. Organic growth and acquisitions drove its growth. The company posted solid performances across its segments, with the revenue from omnichannel and virtual services segments growing by 66% and 154%, respectively. The company had around 3.5 million om...