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Oors Fear a Market Correction Buy Canada s Safest Stock
One of the hottest growth stocks trading on the TSX is Dollarama TSXOL , which has almost stanley cup becher tripled in the last fiv stanley cup e years and is up a staggering 600% since January 2014. Its market-beating gains have meant the discount retailer is currently valued at $28.5 billion by market cap, making it one of the largest companies in Canada.As past returns are irrelevant, let s see why Dollarama stock should be part of your portfolio in 2024.An overview of DollaramaDollarama was founded back in 1992 by a third-generation retailer stanley cup . In the last three decades, the Quebec-based company has grown at an exponential pace to become a household name and the shopping destination of Canadians all over the country.Recognized as a value retailer, Dollarama has more than 1,500 stores, as it aims to provide customers with a consistent shopping experience, offering a broad assortment of general merchandise, consumables, and seasonal items.In August 2019, Dollarama acquired a 50.1% interest in Dollaracity, another Cxcl Best Bank for Your Buck 2 Top TSX Stocks to Buy Now
The listing of Aurora Cannabis TSX:ACB NYSE:ACB on Wall Street last October was merely preparation for something grand. The company wasn t expe stanley thermobecher cting share prices to astronomically rise, as it wasn t a typical IPO roadshow. However, it gives institutional investors the option of investing in the Canadian or American stock exchanges.Aurora is after a bigger slice of the legal cannabis pie whose estimated value is about USD $5 billion. However, recent events showed a different story versus the original script envisioned by marijuana companies. Instead of soaring after October 17, the market sell-off drove the cannabis stocks lower. Fortunately, November is exhibiting hope.The Writing on the wall The pullback of cannabis stocks appears short-lived given some interesting developments. Aurora s stock price was at $8.79 on the November 1, stanley cup then climbed +13.08% to $9.94 as of November 8. That sudden climb was partly due to the results of the U.S. midterm elections and the firing of th stanley water bottle e U.S. |
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