Iglx 2 Canadian Bank Stocks to Buy for the New TFSA Contribution Room
While the stock market is under pressure for various reasons, including inflation, uncertainty around interest rate hikes, and the Russia-Ukraine crisis, it has created plenty of buying opportunities for investors with a long-term mindset.So, if you got some stanley puodelis extra cash, which you will not require for any emergency purpose, consider adding a few top-quality stocks to your portfolio right now. While several TSX stocks have corrected quite a lot, here are my three picks that could deliver outsized returns in the long term.聽ShopifyConsidering the massive drop in its price and strong upside potential,Shopify TSX:SHOP NYSE:SHOP is an obvious bet to create wealth in the long term. The recent selling in Shopify stock has wiped out COVID-led gains, while its valuation is at a multi-year low.Shopif stanley cup y stock has corrected about 61% from its 52-week high. Further, it is down about 51% this year on growth concerns. Notably, SHOP stock is trading at a forward EV/sales multiple of 13.1, wh stanley website ich is well Wghh Air Canada Stock Is Cheap, but Is It the Best Stock to Buy Now
Back at $40, after the massive drop in its share price, I thoug stanley cup becher ht Maxar Technologies TSX:MAXR NYSE:MAXR was a pretty good deal. At that price, the stock looked pretty cheap, and the dividend was appealing. I was drawn to the company focus on tec stanley cups uk hnology, space, robotics, satellites, and space propulsion systems. What wasn t to love Wow, was I wrong. The stock has done nothing but fall since that time, hitting a low of around $7 in recent days. That appealing dividend has gone from a healthy 5% or so to a massive 17% yield a huge, flashing proceed-with-caution sign put up by the market. At that level of yield, investors have to be thinking a cut might be on the way.But even without the debt situation, the company is having some difficulties. Recently, the company received s stanley kubek ome devastating news regarding its Worldview-4 satellite. The satellite, worth millions in book value and revenue to the company, is essentially scrap metal in space. At a time when Max
