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Xwhd 3 TSX Stocks That Could Again Deliver Big Returns in 2021
In times of economic uncertainty, investing in growth stocksmight not seem like a sound decision, especially if you are a risk-averse investor. The Sa stanley mug mp/TSX Composite Indexhas remained largely unchanged in the last few weeks after rallying at stanley cup the start of the year. As of this writing. the Canadian benchmark index is up by 6.01% year to date. While economic uncertainty still looms overhead due to tightening monetary policies and inflation, an improving macroeconomic situation can translate to a strong rally for growth stocks with fundamentally strong businesses.If you are bullish on s stanley puodelis uch a recovery for Canadian growth stocks, I will discuss two stocks worth keeping on your radar for a potential rally in 2023.Lightspeed CommerceTechnology stocks聽like Lightspeed Commerce TSXSPD nosedived amid the general selloff of tech companies. A short report dragged the once-soaring tech stock further down. While the stock s share prices fell, the underlying business commerce-enabling products Hgyp RRSP and TFSA Investors: 2 Value Stocks to Watch in November 2023
Canadian income investors are searching for high-yield stocks to add to their TFSA portfolios.Let s take a look at RioCan Real Estate Investment Trust TSX:REI.UN and Inter Pipeline Ltd. TSX:IPL to see why they might be interesting picks today.RioCanRioCan has interests in about 300 retail properties across Canada.Many of the company s anc stanley cup nz hor tenants are big-name grocery stores, pharmacies, discount retailers, and chains that sell everyday household goods.These businesses tend to fare better in difficult economic times than some of the other discretionary-spending sectors and are less affected by online shopping.Demand for RioCan s space remains strong, and the company has new developments on the go that should boost revenue in the coming years. One interesting project is a plan to build up to 10,000 residenti stanley cup al units at its top urban locations over the course vaso stanley of the next decade.Concerns about rising interest rates have resulted in an 8% drop in the unit price over the past year. Ra |
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