WilliamMLeighty634 blog

Teck Resources (TSX:TECK.B) was one of the big winners in 2022 and coming into 2023. Shares of Teck stock climbed higher and higher, but a proposed split seems to have been the catalyst to send investors running for cover. Teck stock remains up by 21% in the last year, but shares have been a bit more turbulent lately. Shares fell by 6% in the last week or so, but have since climbed up a hair. So what’s been going on with Teck stock, and does recent movement make it a buy? Or should investors beware? What happened Teck stock is a basic materials company that mines several different types of products. From silver and copper to fertilizer and steelmaking coal, it has a diverse set of revenue that, frankly, the Canadian government is even proud of. The federal government has wanted to keep at least one strong Canadian basic materials miner in the country. Yet, it looked like this would change when Glencore recently announced the potential to acquire the company in a hostile takeo...

Last month, OPEC+ (Organization of the Petroleum Exporting Countries) announced that it would lower its oil production by 1.2 million barrels per day from May. With this new announcement, the total output from OPEC and its allies could fall by 3.7 million barrels per day, which is estimated to be around 3.7% of global demand. As expected, the announcement led to an increase in oil prices, thus boosting stock prices of oil-producing companies, including Canadian Natural Resources (TSX:CNQ). Amid the favourable environment, the company’s stock price rose 10% last month. Despite the rise, CNQ still trades at a discount of over 4% from its 52-week high. So, let’s assess whether the uptrend in the company’s stock price can continue. CNQ’s 2022 performance Last month, CNQ reported a solid 2022 performance, with its adjusted net earnings from operations growing by 73.4% while generating cash flows of $19.4 billion from its operating activities. Higher price realization, incr...

The First Home Savings Account (FHSA) is a savings vehicle that lets you save money to buy a house tax free. On a dollar-for-dollar basis, it has the greatest tax-sheltering power of any registered account in Canada. Like a Registered Retirement Savings Plan (RRSP), it gives you a tax-break on contribution. Like a Tax-Free Savings Account (TFSA), it allows you to withdraw tax free. The only downsides of it are that the annual contribution limit is fixed at $8,000 and you can only use it to save for a house. If you change your mind about buying your first home and decide you would prefer to rent for life, you’re out of luck. Basically, if you’ve never owned a home before and plan on buying one soon, the FHSA is win-win. It provides more tax savings than any other registered account ever devised in Canada, and it can help you save for a home. However, just opening an FHSA isn’t the whole story. Once you have an account open, you need to decide what to invest it in. In this article,...

Are you a value hunter? If so, you may be interested in picking up high quality value stocks that also pay dividends. Value- and dividend-based investing strategies tend to overlap, because most “value” sectors (banking, energy, utilities etc.) tend to pay dividends. That’s not to say that value investing and dividend investing are the same thing. Value investors focus on cheapness, dividend investors focus on income. But there’s a lot of overlap. With that in mind, here are three quality dividend stocks for value hunters to consider in May 2023. Bank of Nova Scotia The Bank of Nova Scotia (TSX:BNS) is a value stock trading at eight times earnings and only at a slight 7% premium to book value. It is also a high-dividend stock with a 6% yield. BNS is sometimes thought of as riskier than other Canadian banks. It has a large presence in Latin America, a region whose markets aren’t as well regulated as Canada’s are. Also, its growth over the last five years has been worse than that...

Growth stocks have seen an uptick this year, mainly due to the signs of easing inflation and slowing rate hikes. TSX tech names have rallied 24% this year, beating the TSX Composite Index by a large margin. However, they have largely been out of favour since late-2021 and have seen terrible drawdowns. This is quite evident for growth stocks amid the rising rate environment. That’s because higher rates lower the present value of future cash flows, making them less valuable. TSX tech stocks: Consistent profitability But some growth stocks consistently outperform broader markets, irrespective of the macroeconomic environment. Constellation Software (TSX:CSU) is one such example. Thanks to its unique business model and consistent profitability, Constellation has notably outperformed its peers. In the last 12 months, CSU stock has returned 30%, more than double that of TSX tech stocks. In the last decade, it returned 2,000%, far outperforming the index. Constellation Software is n...

When investing for a longer term, fundamentals matter more than anything else. Returns are mainly driven by the earnings quality, balance sheet strength, and stock’s valuation. While news or events drive stocks in the short term, fundamentals prevail in the long term. So, here are two such TSX stocks with solid fundamentals.   Canadian Natural Resources Canada’s biggest crude oil producer Canadian Natural Resources (TSX:CNQ) is one compelling name in the TSX energy space. Its long-life, low-decline prolific reserves facilitate stellar cash flow growth in the current historically high-price environment. Its diversified product mix of heavy and light oil, along with natural gas, plays well for its top-line growth. CNQ has repaid billions of dollars in debt since the pandemic. Its leverage ratio has improved from close to 4x in 2020 to 0.5x at the end of Q4 2022. Manageable debt and a solid liquidity position speak for its balance sheet strength. The company will likely see h...

Investing in blue-chip stocks is a popular strategy globally for several reasons. Typically, blue-chip stocks are defined as companies that are market leaders with robust business models and an enviable track record of delivering consistent returns. These stocks offer an attractive risk/reward profile making them ideal for both new and experienced investors. Further, as blue-chip stocks generate consistent cash flows, a majority of these companies also pay shareholders an attractive dividend, offering stability in periods of economic turbulence. Here are four quality blue-chip TSX stocks you can consider buying today. Enbridge stock An energy infrastructure giant, Enbridge (TSX:ENB), is among the largest companies in Canada. Its wide base of cash-generating assets allows Enbridge to pay shareholders an annual dividend of $3.55 per share, translating to a forward yield of 6.7%. Enbridge is part of the highly cyclical energy sector but has increased its dividend by 10% annual...