WilliamMLeighty634 blog

When you’re investing in stocks, you want to see your invested money grow fast. However, the economic uncertainties due mainly to high inflation, rising interest rates, and geopolitical tensions have badly affected most Canadian stocks this year. So, if you started your investment journey recently, then it’s very likely that you might be sitting on big losses right now. But you’re not alone, as the recent stock market turmoil has affected not only new investors but also experienced ones. Despite sharp declines in the share prices of most growth companies, many fundamentally strong dividend stocks from the energy sector continue to rally in 2022. In this article, I’ll talk about one such energy stock: Canadian Natural Resources (TSX:CNQ). Before we discuss whether CNQ stock is still worth buying right now, let’s find out how this top Canadian dividend stock has helped investors’ money grow lately, despite all the economic challenges. CNQ stock price movement in 2022 ...

Stock markets have been under immense pressure this year amid high inflation, rising interest rates, and geopolitical factors impacting global economies. As of this writing, the S&P/TSX Composite Index is down by almost 11% year to date and 14.83% from its 52-week high. The state of the Canadian benchmark index is an alarming indicator of the Canadian economy’s health. The Wall Street Journal also anticipates an over 60% probability of a recession striking the stock market in the next 12 months. The bear market environment right now is feeding into uncertainty regarding the market’s outlook. Not all businesses tend to underperform or get into too deep of trouble for them to navigate during harsh economic environments. Some companies are resilient enough to keep going through such times due to the necessity of their businesses. Others thrive in such economic conditions, because their business models offer consumers relief when they need to cut costs. Today, I will dis...

Canadian bank stocks are down significantly from their 2022 highs. The big drop has investors who missed the rebound after the pandemic crash wondering which bank stocks might be undervalued today and good to buy for a Tax-Free Savings Account (TFSA) focused on passive income or a self-directed Registered Retirement Savings Plan (RRSP) targeting total returns. Bank of Nova Scotia Bank of Nova Scotia (TSX:BNS) stock is down from $95 earlier this year to $65. The steep plunge is the result of growing investor fears about the impact of a potential recession on both the Canadian and international operations. Bank of Nova Scotia is unique among its peers with a big international business located in Latin America. The bank has spent billions of dollars over the past decade to buy assets in Mexico, Peru, Chile, and Columbia. The four countries form the core of the Pacific Alliance trade bloc that allows the free movement of labour, capital, and goods among the member countries. Combin...

Did you know that many U.S. billionaires have bought Canadian stocks over the last decade? It’s not a well-known fact, but it’s true. Since 2012, billionaires ranging from Warren Buffett to Bill Gates to Bill Ackman have purchased shares in Canadian companies. In some cases, they have made these shares among their largest holdings. In this article, I will explore two Canadian stocks that billionaires have been buying in recent years — including one that made the news in a big way last year. Canadian National Railway Canadian National Railway (TSX:CNR) is a blue-chip railroad stock that’s famous for being owned by Bill Gates. The stock made headlines as part of the media circus surrounding Gates’s divorce. Shortly after Gates transferred CNR stock to his ex-wife Melinda French, French sold the shares in a move that was noted by the financial press (prior to this, Gates hadn’t sold any CN Railway shares). Since then, CNR has made some big moves. The stock is up 1.21% for the ye...

Growth investors have endured a painful year in the stock market. The S&P/TSX Composite Index is down more than 10% in 2022, and there are plenty of growth stocks trading at losses far greater than that.  As much as it pains me to say it, I’m bracing myself for more selling in the short term. Those investing for the long term, though, don’t need to be nearly as concerned with more short-term pain. As a long-term investor myself, I’m looking to take advantage of the market’s pessimism this year and load up on quality companies that are trading at discounted prices. I’ve reviewed two discounted TSX stocks that have the potential to double in size by 2030. They’re two very different businesses, but both are no strangers to delivering market-beating gains.  There may be more selling in the short term, but I think these two stocks will be back to outperforming the market sooner rather than later. Lightspeed Commerce It’s been a roller-coaster ride for anyone ...

Stocks in Canada inched up for a third consecutive session on Tuesday. The TSX Composite Index rose by 179 points, or 0.9%, for the session to settle at 19,097 — its highest closing level in more than two weeks. Broadly better-than-expected corporate earnings apparently boosted investors’ confidence, despite a weaker-than-expected U.S. consumer confidence data for October. While all key sectors on the TSX posted gains, the rally was mainly led by the healthcare, real estate, consumer, and technology sectors. Top TSX movers and active stocks Shares of Canopy Growth (TSX:WEED) skyrocketed by about 26% to $3.96 per share, making it the top-performing TSX stock yesterday. This spectacular rally in WEED stock came after it announced the formation of a new U.S.-domiciled holding company, Canopy USA. This new business entity will hold Canopy Growth’s U.S. cannabis investments to accelerate its market entry in the world’s largest cannabis market. Despite this sharp rally, Canopy st...

Those in retirement have a different investment strategy once they leave work. With no more income coming in, they not only need to be saving long term. Retirees need cash now. And that means finding solid dividend stocks. But not just any dividend stocks. When I say solid, it means you need companies that have been around for decades and will continue to pay out dividends. More than that, you’re looking for higher pay outs at a lower cost if you need the cash practically upfront. With that in mind, there are four dividend stocks I would consider for those in or nearing retirement. Energy stocks If you’re looking for dividend stocks set to pay up immediately, energy stocks have long been a great place to start. These companies have a truckload of cash coming in from the energy sector, and right now oil and gas prices are near all-time highs! Now again, retirees are in a different spot from the everyday investor. If you’re looking to hold these stocks over five years or so, yo...