Image source: Getty Images The “Magnificent Seven” stocks, a group of United States tech giants, have been true marvels in the stock market over the last five years. Collectively, these stocks have seen their combined market value soar by over 250%, which is no small feat! This impressive growth underscores their dominance in the tech…
Investing in companies part of the artificial intelligence (AI) megatrend such as UiPath (NYSE:PATH), Taiwan Semiconductor (NYSE:TSM), and Advanced Micro Devices (NASDAQ:AMD) can help you generate outsized gains and comfortably beat broader market returns in the upcoming decade. Let’s see why. Taiwan Semiconductor stock Taiwan Semiconductor is valued at US$870 billion by market cap and…
Image source: Getty Images The global equity markets had begun this month on a weaker note amid recession fears. However, lower-than-expected inflation in the United States erased these fears, driving the equity markets higher. The S&P/TSX Composite Index is up 6.7% from this month’s lows. Amid improving investors’ sentiments, you can buy the following three…
Investing in Canadian deep-value stocks can offer an attractive alternative to even the most popular stocks. That can include the famous “Magnificent Seven” stocks. These typically refer to high-growth, large-cap technology stocks in the United States. Historically, Canadian deep-value stocks have delivered average annual returns of around 10-12% over long periods. These are stocks trading…
Image source: Getty Images Tech stocks south of the border are feeling the heat as investors are worried about the possibility of a U.S. recession amid rising unemployment rates and slower consumer spending. However, the pullback allows investors to buy the dip and add quality stocks to their equity portfolio in August 2024. Here are…
Shares of Canadian e-commerce firm Shopify (TSX:SHOP) have been skyrocketing higher (by around 20%) following the release of some much better-than-expected second quarterly earnings results. Though it’s never a wise idea to “chase” any stock after a historic single-day rally, I still view SHOP stock as prime for picking as the company lifts off the…
Image source: Getty Images BlackBerry (TSX:BB) investors are patiently waiting for the stock to stage a turnaround after wrestling with years of underperformance. In 2016, BlackBerry exited the smartphone business as it lost market share to Apple, Samsung, and a host of China-based manufacturers, including Huawei, Xiaomi, and Oppo. BlackBerry shifted its focus to provide a portfolio of software…
E-commerce and technology giant Amazon (NASDAQ: AMZN) recently reported its second-quarter earnings. The company’s results exceeded Wall Street’s expectations in some areas while missing in others. Overall, it’s probably fair to call it a mixed bag. Additionally, the earnings news came during the U.S. stock market’s worst two-day sell-off in recent memory. As a result,…
Artificial intelligence (AI) has been a major trend in 2024. Many believe AI could revolutionize the way humans do business in the future. While U.S.-listed stocks have been the biggest beneficiaries from this soaring trend, Canada also has some great companies benefiting from AI. If you are looking for some stocks that could enjoy long-term…
The artificial intelligence (AI) megatrend has the potential to generate sizeable wealth for early investors. According to a Statista report, the total addressable market for AI is forecast to expand from US$136 billion in 2023 to US$827 billion in 2030, indicating an annual growth rate of almost 30%, providing sector leaders with an opportunity to…