WilliamMLeighty634 blog

Are you looking for cheap stocks to add to your bargain collection? Now is a good time to do it. Despite some gains early this week, stocks remain down from their highs for the year. As of Wednesday morning, the TSX was down 2.8% from its high set in November. If there are bargains to be found, now would be the time to go out and get them. In this article, I will explore four cheap stocks to grab in Canada in December. TD Bank Toronto-Dominion Bank (TSX:TD)(NYSE:TD) stock is a classic value play. Trading at just 10 times earnings, it’s very cheap. I’ve held TD stock for about three years and plan to continue holding it for the foreseeable future. Even after the 32% gain it delivered in 2021, the stock is still a rock-bottom bargain. Additionally, the stock delivered solid growth in adjusted earnings in its most recent quarter. Interest rates appear set to rise in 2022, so TD Bank could deliver solid profitability in the year ahead. Suncor Energy Suncor Energy (TSX:SU)(NY...

Canadians will not be penniless or have zero income source in retirement, thanks to the Old Age Security (OAS) program. Those who made contributions to the Canada Pension Plan (CPP) will have more to subsist on when they retire. However, the combined post-retirement benefits may not necessarily cover all financial needs in the sunset years. Would-be retirees should pay particular attention to the replacement level. According to the Canada Pension Plan Investment Board (CPPIB), the current CPP pension replaces 25% of the average pre-retirement income. It will eventually increase to 33.33% when the ongoing enhancements are complete. Combined pension amount If you focus on the here and now, the maximum CPP monthly payout is $1,203.75, while the monthly OAS benefit is $635.26 (October to December 2021). Note that the amounts are for people retiring at age 65. Since most CPP users receive only the average pension of $619.68 (June 2021), the combined total is $1,254.94 per month. B...

Short-seller reports continue to take aim at Canadian tech stocks with the latest one targeting Nuvei (TSX:NVEI) (NASDAQ:NVEI). Nuvei’s share price was already under pressure in recent weeks amid the broader pullback in the tech sector and is now down significantly from the 2021 high as a result of the negative report. Investors with a contrarian investing style are wondering if Nuvei is now undervalued and a good stock to buy. What does Nuvei do? Nuvei’s goal is to “make the world a local marketplace.” The Montreal-based company is a payment technology firm providing businesses around the world with solutions that enable them to easily receive payment from global customers. The company operates in 204 global markets helping 50,000 customers via 500 payment methods, including 150 currencies. The business is an end-to-end payment platform that implements leading payment technologies. Solutions include online payments, mobile payments, in-store payments, omnichannel payments,...

The TFSA contribution limit for 2022 will be $6,000, like 2020 and 2019. Ideally, it should have been increased to counteract the higher inflation rate. But even if it wasn’t, you can make up for the limited contribution room with the right assets. restaurant chain company Restaurant Brands International (TSX:QSR)(NYSE:QSR) has earned the title of an aristocrat by growing its payouts for six consecutive years. The growth slowed down quite a bit between 2020 and 2021 when the company only raised its payouts by $0.01 per share (from $0.52 to $0.53 per share), but it allowed it to remain a strong dividend stock. The company is currently offering a modest 3.6% yield, and if you invest $2,000 of your yearly TFSA contribution room to this company, you will get a $72 per year annual tax-free income. The capital appreciation potential of the company has been almost non-existent for the last five years, and even the post-pandemic optimism didn’t do much to push the stock upwards. How...

I’m always on the hunt for a good value stock play. There’s no better feeling than doing your due diligence, holding a stock through market noise and volatility, and then watching it shoot up suddenly one day. With great fundamentals, good valuation metrics, and a low price, this stock might just be the one to take off in 2022 when the market clues in on how undervalued it is. Without further ado, I present to you Kinross Gold (TSX:K)(NYSE:KGC). n unappreciated gold miner stock Everyone knows and loves mining companies like Barrick GoldFranco-Nevada Kirkland, etc. In comparison, Kinross barely gets any attention. With seven gold mines active, the company pales in size and scope compared to Barrick, which currently owns and operates 16 sites around the world. Kinross hasn’t had the best performance historically. In 2013, it suspended dividend payments and didn’t resume them until 2020. In 2015, declining gold prices forced it to close a Denver office and eliminate 110 corporat...

The surging number of Omicron variant cases worldwide and increasing pressure from rising inflation rates have taken a toll on equity markets for several weeks. At writing, the S&P/TSX Composite Index is down by over 5% from its latest all-time high on November 12, 2021. These conditions are weighing down the equity markets, and you might be feeling the impact of market volatility. If you are worried about a market downturn, it is crucial to strengthen your portfolio by investing in companies that can continue delivering stable cash flows through harsh economic environments. Today, I will discuss two such recession-proof stocks that you could consider adding to your portfolio. Canadian Utilities Canadian Utilities (TSX:CU) is one of the top recession-proof Canadian stocks that you could add to your portfolio if you’re worried about your investment returns. Canadian Utilities is a $9.80 billion market capitalization utility business headquartered in Calgary. It is also a C...

If you plan to put $1,000 into equity, consider buying stocks that have solid fundamentals yet are trading cheap. While plenty of TSX stocks are trading cheap, let’s look at four stocks with solid fundamentals.  Lightspeed Lightspeed Commerce (TSX:LSPD)(NYSE:LSPD) has lost a considerable portion of its value due to the recent selling in its stock following the short report from Spruce Point Capital Management and expected moderation in its growth rate. I see this recent correction in Lightspeed stock as an excellent buying opportunity for investors with a long-term mindset. Lightspeed’s forward EV/sales multiple of 8.1 compares favourably to its historical average and reflects a significant discount. While Lightspeed’s organic growth rate is expected to moderate, the growing penetration of its payments solutions and higher average revenue per user augur well for future growth. Overall, the structural shift in selling models, Lightspeed’s robust digital product offerings, expa...