Semiconductor stocks were back at centre stage this week as shares popped across the board. There were a variety of reasons, ranging from trade exemptions in the United States to more earnings. So let’s get into those events – and one Canadian stock that stands to benefit. U.S. trade exemptions The Biden administration is preparing…
The artificial intelligence megatrend is here to stay, which suggests the time is ripe for investors to take advantage of a rapidly expanding addressable market. In this article, I have identified two cheap dividend stocks as part of the AI gold rush that are poised to deliver outsized gains to investors in the upcoming decade….
Image source: Getty Images When it comes to market-beating potential, one thing is clear. Investors need to know what market they are trying to beat. What you’ll usually see is the market refers to the S&P 500. But here, we like to focus on the TSX. In this case, investors will want to try and…
Image source: Getty Images Investing in high-yielding dividend stocks would be an excellent strategy for earning a stable passive income. Passive income could act as a hedge against rising prices and allow investors to reinvest it to earn superior returns. Meanwhile, you can buy the following three high-yielding, monthly paying dividend stocks for under $20….
Image source: Getty Images When it comes to your TFSA (Tax-Free Savings Account), it can pay huge dividends to think longer term. Indeed, too much trading within your TFSA could get you labelled as conducting business trading activities by the CRA (Canada Revenue Agency). The TFSA is meant to build wealth over the long haul,…
Canadians find the Registered Retirement Savings Plan (RRSP) a valuable savings tool to secure their retirement, although less than 25% can max out the contribution limits. The data is based on the survey results by Edward Jones Canada regarding the preference for and utilization of the RRSP. However, 49% of respondents still want to contribute…
Image source: Getty Images When the market is soaring, we may forget what goes up also tends to come down. Indeed, many stocks go up in an escalator and down in an elevator. Hence, it is wise to prepare for a recession by investing in top defensive stocks on the Toronto Stock Exchange. Such stocks…
It’s always interesting to see how much savings individuals and households have when they are close to retirement. This information can tell us whether the savings are enough for retirees to lead comfortable lives. The average retirement age in Canada is 65, and according to a Ratehub report, the average 65-year-old has around $129,000 in…
Image source: Getty Images Warren Buffett says, “If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes.” 10 years is a long time. Most businesses turn profitable. And if you buy a magnificent stock at the dip, 10 years can multiply your money severalfold. The TSX is…
Image source: Getty Images Cameco (TSX:CCO), a leading producer of uranium, has seen a notable rise in its stock price over the last year. The nuclear power stock is now up 27% year to date and an incredible 81% in the last year, making it by far one of the best growth stocks out there. However,…