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Yjxn 3 REITs to Help You Receive Easy Passive income
Tech stocks have been struggling in September, and for Foolish investors, that means there could be some great buying opportunities stanley cups out there today. One stock in particular th stanley cup at looks tempting is聽Kinaxis聽 TSX:KXS . The Ontario-based tech stock is up 80% this year, even after its recent drop in price. It peaked at just under $225 last month, but since September 1, shares of Kinaxis have fallen more than 15%.Nothing has happened during that time that would explain why investors started dumping their holdings of the company. Instead, it just looks to be part of the broad tech selloff that taken place in the markets of late on both Canadian and U.S. exchanges. But now could be a great time to take a stanley cup closer look at the stock to see if it a good buy at around $180 a share.Kinaxis is coming off a strong quarterOn August 5, the company released its second-quarter results for the period ended June 30. Revenue of US$61.4 million grew 45% year over year. And the company is optimis Lmkj The Best TSX Stocks to Invest $5,000 in December 2023
The investment thesis for Rona TSX:RON is predicated largely on the Canadian housing market.聽 When Canadians are buying houses, they stanley tumbler are also renovating and investing in their homes mo stanley thermos re.聽 This has been the driver for home improvement retailers such as Rona, Home Depot NYSE:HD , and Lowes NYSEOW .聽 With the Canadian housing market showing mixed signals, and fears of continued mortgage rate hikes, the macro environment is not looking good for Rona.Further to this, and just as concerning, is the fact that Rona has been struggling to effectively compete with Home Depot, and therefore losing market share.聽 While Rona has been struggling to increase sales in 2012, sales were up a mere 1.8% stanley cup , Home Depot and Lowe s had sales increases of 6.2% and 4.6% respectively in 2012.Same store sales numbers paint a picture that is just as bleak.聽 In 2012, Rona same store sales were flat, and in the first quarter of 2013, same store sales decreased by 0.8%.聽 This compares to a more than 5% |
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