WilliamMLeighty634 blog

Turquoise Hill Resources (TSX:TRQ)(NYSE:TRQ) shares climbed as high as 18% in early Tuesday trading. This came after news that a feud has finally been settled over a copper mine for the company. What happened? An ongoing dispute over a Mongolian copper-gold mining project finally came to a close late on Monday. It sent shares of Turquoise Hill stock soaring. The Mongolian government announced it reached an agreement with Rio Tinto. The company owns 51% of Turquoise Hill, which operates the mine. The Oyu Tolgoi mine dispute came about as the Mongolian government believed its economic benefits weren’t being met. The $6.93 billion project is 34% owned by the Mongolian government, with the rest controlled by Turquoise Hill stock. So what? Turquoise Hill stock waived $2.4 billion in debt owed to it by the Mongolian government under the deal. Now, things can really get underway, with the first production from the expansion due around the first half of 2023. Furthermore, Turquoi...

Canadian savers are searching for top TSX stocks to buy for their self-directed RRSP portfolios. The recent market pullback is finally giving investors a chance to pick up some great companies at reasonable or even undervalued prices. Shopify Shopify (TSX:SHOP)(NYSE:SHOP) is getting hammered as part of the broader selloff in the tech sector. Tech stocks were due for a pullback, and the recent concerns over rising interest rates have triggered the correction. It is true that multiples will come down, as interest rates increase, but the drop in Shopify’s share price is starting to look overdone. The company reported Q3 2021 revenue growth of 46%. Fourth-quarter 2021 numbers should be strong as well, given that the merchant network broke Black Friday and Cyber Monday sales records with a 23% increase over 2020. Looking ahead, 2022 is shaping up to be an interesting year. The business continues to grow at a fast pace, and Shopify is expanding its partnerships to capitalize on key...

Millennials may be great savers, but unfortunately many aren’t the best when it comes to investing. That’s key if you ever want to retire. Millennials were born during a recession, came on the job market during a recession, and are now trying to start a life during an economic downturn and pandemic. So needless to say, they’ve been through enough. So why make things harder? If you’re one of the millennials seeking out a path to financial freedom but don’t know where to start, I’ve got you. You can start saving for retirement right now, even if you don’t have a penny put aside Then, you could become a millionaire by 65 with this one simple tool. utomated contributions It’s the key to life as we know it. Automated contributions take the guesswork, the memory loss, indeed the stress out of saving. And I do recommend them even if you’re good at saving your cash in your savings account. Instead of leaving your cash in your accounts, I highly recommend putting it aside in a savings...

Inflation is rising globally, and that is a concern for investors, as it can impact investments. Let’s look at what inflation is and what the impact could be on the TSX. What is inflation? At its core, inflation drives up prices. From a business perspective, rising prices can be a good thing. Sales, after all, are prices multiplied by the number of items sold. If the number of articles sold stays the same, higher prices mean higher sales. In fact, many companies increase their profits this way, slowly increasing prices over time. Income management is a dance between rising prices and sustaining demand, and inflation can actually facilitate rising prices. Companies can increase prices and sales without hurting demand if demand is strong, as is the case now. Even though inflation means sales are increasing, it also means businesses are facing increasing costs. But, generally, expenses do not increase at the same rate as sales. Some expenses do, of course, but costs, such as ren...

What happened? The shares of Lightspeed Commerce (TSX:LSPD)(NYSE:LSPD) fell by more than 10% Monday compared to 2.6% losses in the TSX Composite benchmark. At the time of writing, LSPD stock was trading at $33.30 per share to start the week on a bearish note. After today’s massive losses, its stock was down by more than 33% year to date against 5% value erosion in the main market index. So what? Lightspeed is a Montréal-based omnichannel commerce firm with its focus on providing software solutions to medium-sized businesses — mostly retailers and restaurants. The company currently has a market cap of about $5.6 billion. If you’ve been following the stock market lately, you might already be aware of the ongoing correction — especially in some high-growth tech stocks. And Lightspeed has definitely been one of the most beaten-down tech stocks on the TSX — apart from other popular tech stocks like ShopifyDocebo, and Nuvei. Later this week, the U.S. Federal Reserve and Bank of C...

When looking for dividend stocks that earn passive income, often the yield is one of the most important factors. But over the long run, even more than a high-yield, the consistency of dividend increases can lead to more passive income gains. This is why some of the best Canadian dividend stocks to buy will be companies that increase their dividends each year. In addition, stocks that offer high yields can sometimes be riskier and in danger of having to trim their dividend payouts. Meanwhile, stocks that are consistently increasing their dividends are often highly robust and excellent investments that you can own for years. So if you’re a passive income seeker looking to add a top dividend stock to your portfolio, here are three that have increased their dividends every year. high-quality utility stock If you’re looking for a highly safe dividend stock that can earn you consistently growing passive income, then utility stocks are some of the best to buy. And while there are s...

Among the sectors investors have gone to for sky-high growth in recent years has been the cannabis sector. However, picking a top cannabis stock that’s sure to outperform has been a difficult task. That’s because the entire sector continues to be hit hard. Valuations took off in an unnatural and perhaps irrational fashion following the legalization of marijuana in Canada. A more recent surge tied to speculation around U.S. legalization has caused another spike and another selloff in the cannabis sector. However, there is one cannabis stock I’ve got my eye on right now. Aurora Cannabis (TSX:ACB)(NYSE:ACB) is one of the stocks that’s been absolutely pummeled of late. Now trading near its 52-week low, perhaps there’s some value to be had here. Let’s dive into what the bull case could be for Aurora Cannabis right now. urora is acquiring a stake in Growery B.V. Recently, Aurora Cannabis announced that it has entered an agreement with Netherlands-based Growery B.V. This company h...