5/6/2023 0 Comments Hold the line stocks![]() ![]() The 10 Stocks Every Canadian Should Own in 2023īrookfield Asset Management Spin-Off: What Investors Need to Know Here’s the best part: We’re giving this dividend pick away for FREE today.Ĭlaim your free dividend stock pick * Percentages as of 11/29/22 Not only does it yield a whopping 7.9%, but it pays monthly! That’s why we’re alerting investors to a high-yield Canadian dividend stock that looks ridiculously cheap right now. Free Dividend Stock Pick: 7.9% Yield and Monthly PaymentsĬanada’s inflation rate has skyrocketed to 6.9%, meaning you’re effectively losing money by investing in a GIC, or worse, leaving your money in a so-called “high interest” savings account. The post Get 25% Off This TSX All-Star Stock Today and Hold it for Life appeared first on The Motley Fool Canada. And with the company trading in double instead of triple digits, now is the time I would consider picking this stock up on the TSX today. That means there are only a few months left where shares are likely to be down and not trending upwards. We’re set to enter a recession some time this summer. Shares of Nutrien stock won’t be down forever. ![]() It’s now set up for immense growth in the years to come and yet trades at incredibly valuable levels. The company has merged a fractured industry, bringing it into the 21st century. While Nutrien stock may only have come on the market in 2017, it’s already proven that it can handle the pressure. And, honestly, this is then a company I would hold onto for decades. You can pick it up just under $100 per share, which it hasn’t seen in some time. And as mentioned, shares are down a whopping 25% in the last year alone. Nutrien stock now trades at just 5.07 times earnings as of writing, with a dividend yield at 2.86%. However, while this may have been a good idea at the time, it’s left the company in a strong buy scenario right now. ![]() Investors got their money out while they could. Nutrien stock surged then fell, as news came out that a recession or at least a downturn was coming. Crop nutrients, such as potash, were on the list, leading to a major increase in share price for Nutrien stock. In this case, Russia invaded Ukraine, which led to sanctions against the invader by countries around the world. The company went on to surge to all-time highs, not from its own performance, but from macroeconomic factors. It surged in this area, providing farmers with the nutrients they needed to feed us all. This led to a massive increase in the company’s e-commerce offerings. That meant companies like Nutrien stock had to supply the nutrients necessary, pandemic or not. And yet, the world continued to need food. It also went through droughts, floods, wildfires and more. Nutrien stock remained under the radar for years, even during the pandemic, when it saw a huge amount of business come its way.ĭuring that time, the world wasn’t only hit by a pandemic. The all-star stock I’m discussing today is superior choice Nutrien ( TSX:NTR). So, let’s take a look at why you might want to buy it now and hold it for life. Yet it has such a strong outlook that it would be foolish to ignore it today. It offers immense value, trading down by 25% in the last year alone. That’s the case for the TSX stock I’m going to discuss today. These stocks are ones that may be down now but are due for a huge rebound - especially when you consider their future outlook. There are few new stocks out there that I would consider an all-star stock. Written by Amy Legate-Wolfe at The Motley Fool Canada ![]()
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