After the rally in TSX stocks over the last few months, there aren’t that many stocks that are undervalued. This doesn’t mean there aren’t great opportunities, but you really need to search for the stocks that will break out next.
This is unlike just a few months ago, when investors could buy almost any high-quality business that wasn’t being heavily impacted by the coronavirus pandemic.
Today, almost every stock that seems like it’s a good deal will have a massive amount of risk that comes with it, rendering that price to be fair in a risk-to-reward relationship.
The most important thing that investors understand is that these investments are for the long term.
So, although it may not be a stock that’s at its 52-week high, there is a possibility if the market crashes again soon, the stock could decline first.
For this reason, investors must have a long-term mindset and understand they are buying these stocks because they will be worth substantially more down the road.
TSX growth stock
The first stock I would recommend to investors is Andrew Peller (TSX:ADW.A). Andrew Peller is an extremely high-quality stock, so I can’t figure out why it remains 35% off its pre-pandemic highs.
Perhaps it’s due to the risk investors see after some of its business segments were impacted by the pandemic. Sales to restaurants and the hospitality tours at its wineries have been impacted the most.
However, its retail and wholesale segments have picked up and offset most, if not all, of the lost revenue from the other segments.
Also, Andrew Peller is a top long-term growth stock. The company has made countless high-quality acquisitions as well as implemented brilliant growth strategies to continue to expand the business.
One of those strategies, owning its own retail stores in Ontario, has paid off handsomely, especially during the pandemic.
And as things get back to normal, look for the stock to continue to grow in price as well as increase its dividend.
That dividend yields roughly 2.25% today — an attractive rate for a high-growth TSX stock.
TSX gold stock
Another stock to consider buying today would be a company such as B2Gold (TSX:BTO)(NYSE:BTG).
In this economic environment, you can’t go wrong owning some exposure to gold prices, and high-quality TSX gold stock B2Gold is one of the best ways to do it.
In the last 12 months, gold prices are up by roughly 25%. This is a major increase for gold prices, especially in such a short amount of time. And it’s likely this is just the beginning, as more and more governments print an unprecedented amount of money.
B2Gold has taken advantage, and shareholders have taken notice. The stock is up by roughly 75% over the same period.
The main reason for this is the superior leverage of B2Gold’s operations. Because it’s a high-quality, low-cost producer, the company sees a major increase in its profits as gold prices rise.
B2Gold’s 2020 guidance has the company producing just under one million ounces this year at cash costs as low as just $425.
Plus, with the increase in free cash flow in the last few years, the company has essentially eliminated all its debt and now pays a dividend.
This goes to show how strong B2Gold’s operations are and why it’s one of the best-positioned gold stocks on the TSX.
If you are looking to buy TSX stocks today, these are two of the highest-value picks. Both are high-quality stocks capable of weathering this pandemic. And, most importantly, both are extremely cheap.
In addition to these two, here are five other TSX value stocks.
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Fool contributor Daniel Da Costa owns shares of B2GOLD CORP.
Why it took almost 10 months to collect this $100K windfall – SooToday
Jose Lima’s summer just got a whole lot better after the retiree won $100,000 by matching six of seven Encore numbers on a Lotto 6/49 draw last fall.
It took nearly 10 full months for the 69-year-old to realize the win as the ticket in question was in the pocket of a jacket he had lent to a friend.
Full text of a news release issued today by OLG follows:
TORONTO – Saying “yes” to Encore paid off for Jose Lima of Sault Ste. Marie. Jose matched the last six of seven Encore numbers in exact order in the Sept. 28, 2019 Lotto 6/49 draw to win $100,000!
Jose, a 69-year-old retired electrician, had forgotten his ticket in a jacket that he had lent to a friend and only discovered it when the jacket was returned to him! When he checked his ticket at a retailer, the terminal froze. “I thought I had won $1,000. Then OLG called and the other customers in the store started to congratulate me,” he shared, while at the OLG Prize Centre in Toronto to pick up his cheque. “It wasn’t until the validation slip came out that I realized I had won $100,000,” he smiled.
After he found out about his win, the father and grandfather called his kids and didn’t tell anyone else.
Jose has since used his winnings to purchase a cottage where he can spend his leisure time and relax, unwind and spend his time boating.
“I feel wonderful. It’s something that happens once in a lifetime, if it ever happens at all,” he concluded.
The OLG Prize Centre in Toronto has resumed in-person prize claims for winning-ticket holders of $50,000 or more by-appointment only. To best protect customers and staff, OLG has put in place appropriate health and safety protocols in accordance with guidelines from public health officials, which include physical distancing measures, the mandatory use of personal protective equipment (PPE) and the pre-screening of visitors before granting entry. Currently, OLG is reaching out to major prize winners ($50,000+) who have been unable to claim their prizes due to COVID-19 to schedule appointments for in-person prize claims. In the coming weeks, OLG will open appointments to anyone wishing to claim their prize in-person at the Prize Centre.
Encore offers 22 ways to win and can be played in conjunction with most lottery games for an extra $1. There is an Encore draw every day.
The winning ticket was purchased at Stamping Grounds on Second Line in Sault Ste. Marie.
$40 Could Be Magic Number for Some Oil Players – Rigzone News
The $40 per barrel level for West Texas Intermediate crude oil could trigger an uptick in activity among some oil market players, an informed market-watcher told Rigzone. Keep reading to learn about what specific activity could be on the rise, along with other developments to watch for this week in the oil market.
Tom Seng, Director – School of Energy Economics, Policy and Commerce, University of Tulsa’s Collins College of Business: Large U.S. oil producers, such as ConocoPhillips, have announced that they will begin to bring back oil production that was shut-in due to lower prices. Look for mergers and acquisitions activity to start to increase if prices can stabilize at or above the $40 level. The “bottom-feeders” who have waited to buy really “cheap” assets will have to contend with higher valuations now.
Tom Curran, Senior Energy Services and Equipment Analyst in Equity Research, B. Riley FBR, Inc.: Come 1 p.m. Eastern time on each of the next two Fridays, our attention will be fixated on the Baker Hughes rig count site. The weekly U.S. active frac spread count troughed at 45 in mid-May, pivoted into an uptrend, surging by 33 units to 78 as of June 19, 2020, and has vacillated in the 70s since, according to Primary Vision. Given our industry recovery thesis – which is that operators would first restart shut-in production and increase DUC (drilled but uncompleted) well executions, then pick up new well drilling, which should see a slower rise than completion activity – we believe a definitive floor is imminent for the weekly Baker Hughes U.S. land drilling rig count. In fact, a bottoming process may already be underway. The count’s downtrend has significantly decelerated since early June. For the last three weekly measures, Baker has reported 255, 254 and 251.
Barani Krishnan, Senior Commodities Analyst at Investing.com: Expect all eyes to be on virus stats for the coming week or two. Regardless of what the Trump administration says or wants us to think, the pandemic will decide the course of oil demand and the economy – not the other way around.
To contact the author, email firstname.lastname@example.org.
Corbeil man wins big money through Encore – BayToday
Saying “yes” to ENCORE paid off for James Braund of Corbeil. Jim matched the last six of seven ENCORE numbers in exact order in the April 14, 2020 LOTTO MAX draw to win $100,000.
Jim, a 67-year old father and grandfather says he plays the same numbers regularly.
“I was at the gas station where I purchased my tickets and the terminal froze when the retailer scanned my ticket,” he shared, while at the OLG Prize Centre in Toronto to pick up his cheque.
“When I realized I won $100,000, I was so excited,” he smiled.
The retired public servant plans to take a family vacation with his kids and grandkids when the time is right. “My wife spent some time shopping today while I was here at OLG collecting my prize,” he remarked.
“This was amazing. You wake up in the morning to know you have an additional $100,000 in your bank account. It’s surreal,” he concluded.
The OLG Prize Centre in Toronto has resumed in-person prize claims for winning-ticket holders of $50,000 or more by-appointment only.
The winning ticket was purchased at MacEwan on Highway 94 in Corbeil.
Pompeo says U.S. looking at banning Chinese social media apps, including TikTok: Fox – TheChronicleHerald.ca
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