Ivxj 3 Reasons to Buy Manulife Financial Corp. Instead of Sun Life Financial Inc.
As the stocks and oil prices continue to fall due to the resurgence of COVID-19 cases, some energy stocks are taking a hit. While investors are concerned about rising pandemic cases, the situation this time might not become as bad as last year. The availability of several vaccine options and rising vaccination rate across the United States and Canada is very likely to encourage governments to not impose 2020 like nationwide shutdowns. This should keep the ongoing economic growth intact.That s one reason why I believe that oil prices could soon bounce back after going through a short-term correction. That said, it could be a
stanley cup good opportunity for Canadian stock investors to buy some cheap dividend stocks from
stanley cup stanley puodelis the energy sector that are falling right now. Here are three of such TSX energy stocks that I d buy as the market sell-off continues.Suncor Energy stockSuncor Energy TSX:SU NYSE:SU is a Calgary-based energy company with a market cap of $38.2 billion. Its stock is currently tradin Utsz At What Price Does Canopy Growth (TSX:WEED) Become a Good Investment
On the surface, the reasoning for not having energy exposure in your portfolio seems clear. Oil prices are down over 11% year-to-date, and the energy sector is down 6.3%. This is the worst performance of the TSX s 11 sectors.With some sectors 鈥?like technology up 12% , discretionary up 12% , or even the overall SP TSX Index up 1.7% 鈥?de
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stanley mugg solid returns, there seems little reason to invest in what
stanley cup looks like a failing sector.It is important to note, however, that when the consensus is so strongly against a sector, the biggest opportunities emerge. Should oil prices strengthen, there is the potential for sector rotation to occur away from the sectors where all the money is currently parked and into energy, which will be seen as a relative value play.Investors don t need to look far to see an example of this occurring; last year, oil sentiment hit rock bottom in February before investors flocked back into the sector in droves.What is holding investors back It likely has to