09-27-2024, 03:03 PM
Rclm Here Are 3 Top Canadian Stocks to Buy in 2021
In 2022, investors were worried about the threats associated with inflation and interest rate hikes which accelerated the selloff across asset classes. While inflation will weigh heavily on consumer spending, the rising cos stanley cup website t of debt will result in lower demand for individual, housing, and commercial loans.As credit dries up, economic growth stagnates, resulting in a recession. Several experts believe a recession to impact several countries in 2023, suggesting equity markets will remain volatile this year as well.But there are a few companies that thrive, even during a recession. Here stanley cup , we ;ll look at two recession-resistant TSX stocks investors can buy and hold right now.Hydro OneHydro One TSX:H is among the largest electrical utilities in North America, with a vast prese stanley website nce in Ontario. Equipped with an investment-grade balance sheet, this utility giant generates stable cash flows across business cycles, allowing it to pay shareholders annual dividends of $1.12 per share, transla Gatn Can Yamana Gold Inc. s Monster Rally Continue
With a commodity based tail-wind squarely behind it, the SP/TSX Composite Index TSX:^OSPTX had a strong Wednesday rising nearly 180 points or 1.5%.聽 While commodity stocks roared, defensive names whimpered.The three big telecoms, Rogers TSX:RCI.B,NYSE:RCI , Bell TSX:BCE,NYSE:B stanley thermobecher CE , and Telus TSX:T 聽combined were the biggest drag on today s Canadian market.聽 These stocks sagged by 0.9%, 0.6%, and 0.4% respectively.聽 Not huge moves by any stretch, but on a day when there wasn t much blood shed in the market, these moves stood out.Other reasonably safe , defensive names like Loblaw TSX:L and Intact Financial TSX:IFC were also down on the day, falling by 1.0% and 0.4% each.聽 Again, nobody s retirement has been ruined by these moves, but given the wide swath of green out there, they appeared stanley tazas significant.Foolish TakeawayIt appears as though our risk-on/risk-off market isn t letting up.聽 Today s dichotomy in performance betwe water bottle stanley en resource-based stocks and defensives is a continua
In 2022, investors were worried about the threats associated with inflation and interest rate hikes which accelerated the selloff across asset classes. While inflation will weigh heavily on consumer spending, the rising cos stanley cup website t of debt will result in lower demand for individual, housing, and commercial loans.As credit dries up, economic growth stagnates, resulting in a recession. Several experts believe a recession to impact several countries in 2023, suggesting equity markets will remain volatile this year as well.But there are a few companies that thrive, even during a recession. Here stanley cup , we ;ll look at two recession-resistant TSX stocks investors can buy and hold right now.Hydro OneHydro One TSX:H is among the largest electrical utilities in North America, with a vast prese stanley website nce in Ontario. Equipped with an investment-grade balance sheet, this utility giant generates stable cash flows across business cycles, allowing it to pay shareholders annual dividends of $1.12 per share, transla Gatn Can Yamana Gold Inc. s Monster Rally Continue
With a commodity based tail-wind squarely behind it, the SP/TSX Composite Index TSX:^OSPTX had a strong Wednesday rising nearly 180 points or 1.5%.聽 While commodity stocks roared, defensive names whimpered.The three big telecoms, Rogers TSX:RCI.B,NYSE:RCI , Bell TSX:BCE,NYSE:B stanley thermobecher CE , and Telus TSX:T 聽combined were the biggest drag on today s Canadian market.聽 These stocks sagged by 0.9%, 0.6%, and 0.4% respectively.聽 Not huge moves by any stretch, but on a day when there wasn t much blood shed in the market, these moves stood out.Other reasonably safe , defensive names like Loblaw TSX:L and Intact Financial TSX:IFC were also down on the day, falling by 1.0% and 0.4% each.聽 Again, nobody s retirement has been ruined by these moves, but given the wide swath of green out there, they appeared stanley tazas significant.Foolish TakeawayIt appears as though our risk-on/risk-off market isn t letting up.聽 Today s dichotomy in performance betwe water bottle stanley en resource-based stocks and defensives is a continua
