speedfinancial.online
Tuesday, January 31, 2023
No Result
View All Result
  • Home
  • Investing
  • E-Commerce
  • Freelancing
  • Social Media
speedfinancial.online
No Result
View All Result
Got Cash to Invest? 2 TSX Stocks to Buy When the Market Opens Monday

Got Cash to Invest? 2 TSX Stocks to Buy When the Market Opens Monday

admin by admin
December 27, 2020
in Investing
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The New Year is a time when investors often reflect on their portfolios. Reflecting on your portfolio is crucial to understand what you did well and what you need to work on. It also gives you the chance to decide what TSX stocks you want to add to your portfolio.

You may look back on this year and think you had too much volatility, which could prompt you to look for safer, more defensive stocks to add to your portfolio.

Conversely, you may have been too risk-averse this year and are now looking to add some higher-growth stocks to your portfolio.

Regardless of what you think your portfolio may need, when high-potential opportunities present themselves, you don’t want to pass them up.

That’s why these are two of the top TSX stocks to consider buying when the market opens on Monday.

TSX value stock

Throughout 2020, savvy investors have been scouring the market for value. Ever since the market crashed and most TSX stocks tanked, there have been ample opportunities to find businesses trading cheap and earn a significant return on their recovery.

One stock that’s recovered quite substantially and earned investors a hefty return is Corus Entertainment Inc (TSX:CJR.B). Despite that decent recovery, the stock is still one of the cheapest on the TSX, offering investors major upside heading into 2021.

Corus is a media and entertainment company that makes the majority of its money through advertisements and subscriptions to its specialty channels and streaming service.

Early in the pandemic, Corus’ advertising revenue took a big hit. While it was enough to spook investors, it wasn’t enough to impact Corus severely. Management even elected to keep the dividend intact and ended up paying down some debt.

It’s been able to do this because its free cash flow generation has remained extremely robust through the pandemic. So with the stock trading this cheap, it make Corus one of the best investment you can make.

Today the TSX value stock trades for just over 5.5 times its forward earnings and pays a dividend that currently yields roughly 5.8%.

TSX growth stock

A value stock like Corus can provide superior returns in 2021. However, one TSX stock that could be even more rewarding for shareholders is Xebec Adsorption Inc (TSXV:XBC).

Xebec Adsorption is a clean technology company. The business produces industrial equipment that filters and purifies raw gasses, then transforms them into renewable natural gas or hydrogen.

Technology like this is groundbreaking, especially at a time when companies are being strongly incentivized to have cleaner business operations.

Traditional green energy companies offer investors incredible growth potential over the next few decades. However, cleantech stocks like Xebec offer considerably more potential.

The company is expected to see a significant increase in demand for its products over the coming years, which is why it’s no surprise the TSX stock is up more than 265% so far in 2020.

Despite this growth, Xebec is still a relatively small business. It has a market cap of just $840 million and still trades on the Venture Exchange, giving it a tonne of growth potential when it inevitably graduates to the TSX. Plus, with its rapidly growing services business, and the new hydrogen technology acquisition it recently made, investors can’t get enough of Xebec.

That’s why it’s one of the top TSX stocks to buy when the market opens Monday.

Bottom line

There are a tonne of high-quality TSX stocks to invest in going forward. However, there’s no question these two will be some of the top performers in 2021.


Fool contributor Daniel Da Costa owns shares of CORUS ENTERTAINMENT INC., CL.B, NV and Xebec Adsorption Inc.

Tags: buyCashinvestMarketMondayOpensStocksTSX

Related Posts

China Replaces US As the Country with World’s Largest FDI Inflows
Investing

China Replaces US As the Country with World’s Largest FDI Inflows

January 28, 2021
Bitcoin Breaks $30,000 to A New High
Investing

Bitcoin Breaks $30,000 to A New High

January 11, 2021
Mutual fund investment 2021: In 2021, debt mutual funds are not likely to give high returns: Here’s what investors should do
Investing

Mutual fund investment 2021: In 2021, debt mutual funds are not likely to give high returns: Here’s what investors should do

December 28, 2020
How to invest in National Savings Certificate: Rules, maturity, interest rate, risk of Govt-backed small-savings scheme
Investing

How to invest in National Savings Certificate: Rules, maturity, interest rate, risk of Govt-backed small-savings scheme

December 28, 2020
Did You Participate In Any Of Care Property Invest’s (EBR:CPINV) Fantastic 107% Return ?
Investing

Did You Participate In Any Of Care Property Invest’s (EBR:CPINV) Fantastic 107% Return ?

December 28, 2020
Is TTFB (GTSM:2729) A Risky Investment?
Investing

Is TTFB (GTSM:2729) A Risky Investment?

December 28, 2020
Next Post
Ek-Shop to unite all e-commerce platforms

Ek-Shop to unite all e-commerce platforms

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to us and we will never spam you

 

Loading

Recent Posts

  • China Replaces US As the Country with World’s Largest FDI Inflows January 28, 2021
  • Will Working From Home Become Mainstream? The Office May Be the Real Refuge of Life January 28, 2021
  • European E-commerce Is Speeding Up January 20, 2021
  • Parler’s CEO:Its Service May Never Be Back Online January 19, 2021
  • Twitter Announces Permanent Removal of Trump Account January 16, 2021

Categories

  • eCommerce
  • freelancing
  • Investing
  • social media

Recent News

  • China Replaces US As the Country with World’s Largest FDI Inflows
  • Will Working From Home Become Mainstream? The Office May Be the Real Refuge of Life
  • European E-commerce Is Speeding Up
  • About
  • Advertiser Disclosure
  • Anti-Spam Policy
  • Contact US
  • Privacy Policy
  • Terms Of Use

© 2019 SpeedFinancial All Rights Reserved.

No Result
View All Result
  • About
  • Advertiser Disclosure
  • Anti-Spam Policy
  • Contact US
  • Home
  • Privacy Policy
  • Terms Of Use

© 2019 SpeedFinancial All Rights Reserved.