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- Hope Nelson (tmflucky11)
Last Year I Was a Market Genius. Now I’m an Idiot.

Everyone thinks they're a great investor, until the market crashes.

What a difference a year makes.

This time last year, I sat in my living room pleased as a peacock, perusing my investment accounts and brimming with undue pride. The green – it was everywhere. The gains – they were handsome.

With the exception of a couple of laggards I’ve never been able to part with for various sentimental reasons (I’m looking at you, Oatly (NASDAQ:OTLY)), everything was coming up roses as I watched my net worth rise with each passing month.

Today … not so much.

In fact, I looked at my portfolio just last week, comprised largely of the same companies that made me so proud last year, and I felt my heart deflate.

Look at the red! Look at the losses! It’s a bloodbath out there, as it has been the week before that, and the week before that. Unrelenting.

I’ve been an investor since I was 18 years old. Like any good Fool, I heartily subscribe to the long-term buy-and-hold mindset. I weathered the storms of the 2008-09 recession. I’ve made some boneheaded investing decisions, seen the error of my ways, and corrected my mistakes.

I’ve watched Apple (NASDAQ:AAPL) soar since I first bought shares some 17 years ago, and I’ve watched some others (ahem, StoneMor (NYSE:STON)) disappoint.

It’s the nature of investing.

Until recently, I primarily checked in on my portfolio every day out of pure curiosity. A little bump here, a little slip there – no worries, no matter. But lately? Lately, some days I don’t even want to look. In fact, some days I don’t look. I don’t want to see all that red – who does?

It’s so easy to feel like you’re a stock-market genius when you’re a solid decade into a bull market. And it’s even easier to feel like a total rookie when the market starts to turn, leaving your portfolio in arrears as it begins another cyclical pullback.

That’s just human nature. We take credit for everything when things are good; we beat ourselves up when things start to go poorly beyond our control.

But the truth of the matter is: I’ve lost nothing, because I’ve sold nothing.

Oh, sure, sometimes I want to chuck the lot of it in a fit of frustration, but those feelings are easily resisted when I take a good, hard look at my stocks, first in totality, then company by company.

Has my investment thesis changed on any of them? No. Has my confidence in their long-term outlook waned at all? No. When this latest downturn is over – and I know not when that will be – would I regret being rash and making knee-jerk decisions?

Definitely.

In the moment, it’s downright painful to see your portfolio bleeding red. It’s disconcerting to have no idea how long this will last or what comes next. If there’s one thing the past two years of pandemic life have taught us, it’s that we really have no idea what’s hanging out around the next corner.

But one thing I do know is this: In a time of high emotions and worldwide irrationality, it’s important to keep a cool head. Playing into the hype, feeling your knees buckle every time the market swoons, is the least helpful thing you can do to weather the storm.

Sometimes the hardest thing to do – to stay the course, to remain calm, even as your portfolio takes a body blow – is the best thing in the long run. 

As for me? Last week, I surveyed the scene in my brokerage account, took a deep breath, and … went shopping. Snapping up shares of my favorite companies at bargain-basement prices keeps my eye on the future, not on the rockiness of today.

The post Last Year I Was a Market Genius. Now I’m an Idiot. appeared first on The Motley Fool Canada.

Where Should You Invest $1,000 Right Now?

Before you put a single dollar into the stock market, we think you’ll want to hear this.

Our nearly S&P/TSX market doubling* Stock Advisor Canada team just released their top 10 starter stocks for 2022 that we believe could supercharge any portfolio.

Want to see what made our list? Get started with Stock Advisor Canada today to receive all 10 of our starter stocks, a fully stocked treasure trove of industry reports, two brand-new stock recommendations every month, and much more.

See the 10 Stocks * Returns as of 4/6/22

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Next Tesla? This 1 Canadian EV Stock Just Got More Attractive Generate a Stable Retirement Income 2 Top Cryptocurrencies That Can Be Part of Your Portfolio in 2022 Down About 73%, This 1 Tech Stock Is a Must-Have in Your TFSA Portfolio 1 Canadian Bank Stock I’d Buy Before the Victoria Day Holiday

Fool contributor Hope Nelson owns shares of Apple and Oatly. The Motley Fool recommends Apple.

- Jitendra Parashar
Next Tesla? This 1 Canadian EV Stock Just Got More Attractive

Car, EV, electric vehicle

The popular American electric carmaker Tesla’s (NASDAQ:TSLA) recent success on Wall Street has rewarded its investors with outstanding returns. The Elon Musk-led company’s journey as a public company, however, has been shaky, as several bears, analysts, and experts on multiple occasions in the past severely have criticized Tesla for setting aggressive targets. Such criticism has often led to a massive selloff in TSLA stock. Nonetheless, consistently surging demand for electric vehicles (EVs) and autonomous cars has helped its stock still yield mouthwatering returns, helping the company become the largest U.S. automaker by market cap.

Top Canadian EV stock to buy now

While you might have already missed Tesla stock’s big rally, the electric vehicle revolution is likely here to stay. In fact, rising environmental awareness amid global warming and emission concerns could help EV demand skyrocket in the next decade. Given that, long-term investors can still take advantage of the recent automotive industry trends by investing their hard-earned savings in top EV stocks to see their money growing fast. Let’s take a closer look at one of the best EV stocks in Canada I find worth buying right now, which just got more attractive.

BlackBerry’s growing efforts in the automotive segment

BlackBerry (TSX:BB)(NYSE:BB) is primarily an enterprise software firm with a market cap of about $4.4 billion. Earlier today, BlackBerry announced its partnership with the Canadian mobility giant Magna International (TSX:MG)(NYSE:MGA) to speed up its efforts to develop advanced technological solutions for global automakers.

This new multi-year agreement between these two Canadian companies will allow them “to collaborate on various integrated Advanced Driver Assistance Systems (ADAS) solutions.” While BlackBerry’s QNX operating system is already quite popular among global automakers, with nearly 195 million vehicles across the world currently using it. After this partnership, Magna will utilize the “QNX software including the QNX Software Development Platform, QNX OS for Safety, QNX Platform for ADAS, as well as professional engineering services for system-level integration, performance optimization, and solution validation.” At the same time, BlackBerry will benefit from Magna’s ability and expertise in integrating such systems solutions into various vehicle applications.

Why it’s one of the best Canadian EV stocks to buy

Apart from focusing on expanding its customer base in the enterprise security segment, BlackBerry has significantly increased its focus on developing advanced technologies for futuristic vehicles in recent years. This strategy gives the company an edge over its competitors, as its customer base already includes the world’s most popular and biggest automakers.

To give you an example of its rising efforts in the EV segment, BlackBerry has been developing an intelligent vehicle data platform called IVY. To make this platform scalable in the future, the company partnered with Amazon Web Services in December 2020. To showcase the potential of its IVY platform, BlackBerry held an automotive-grade hardware demonstration at CES 2022 Las Vegas in January. This platform aims to help automakers collect vehicle sensor data and unlock the true potential of connected vehicles, EVs, and autonomous cars.

I expect these efforts to help BlackBerry’s financials grow exponentially in the medium to long term. And that makes it one of the best EV stocks to buy right now, as it has the potential to yield Tesla stock-like solid returns in the future long run.

The post Next Tesla? This 1 Canadian EV Stock Just Got More Attractive appeared first on The Motley Fool Canada.

Should You Invest $1,000 In Tesla?

Before you consider Tesla, we think you’ll want to hear this.

Our nearly S&P/TSX market doubling* Stock Advisor Canada team just released their top 10 starter stocks for 2022 that we believe could be a springboard for any portfolio.

Want to see if Tesla made our list? Get started with Stock Advisor Canada today to receive all 10 of our starter stocks, a fully stocked treasure trove of industry reports, two brand-new stock recommendations every month, and much more.

See the 10 Stocks * Returns as of 4/14/22

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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool recommends Amazon, Magna Int’l, and Tesla. Fool contributor Jitendra Parashar has no position in any of the stocks mentioned.

- Demetris Afxentiou
Generate a Stable Retirement Income

Senior Man Sitting On Sofa At Home With Pet Labrador Dog

Generating a stable retirement income is the goal of every investor. That goal can be hard for some, as finding those perfect investments to generate income can be daunting for new investors. Fortunately, you don’t need a mountain of cash to start with.

Here’s one stellar stock to start with that should be a core holding in your portfolio.

Why you need something defensive in your portfolio

There are plenty of great stocks on the market that can cater to investor growth or income needs. Few can provide for both, and fewer still can do so while boasting a massive defensive moat.

That defensive appeal is something that is often overlooked by investors, particularly those that are newer to investing. This is where the appeal of Fortis (TSX:FTS)(NYSE:FTS) comes into play.

Fortis is a utility, and it generates revenue by generating and then distributing power and gas. The sheer necessity of electricity and gas to our society makes Fortis a great defensive stock. The fact that Fortis’s business is backed by long-term regulatory contracts that span decades elevates that appeal even further.

Oh, and let’s not forget that Fortis is huge. The company boasts 10 different utility operations that are located across Canada, the U.S., and the Caribbean. Collectively, they account for $58 billion in assets and over 3.4 million utility customers.

The regulated nature of its business means that Fortis generates a reliable revenue stream. It also means that Fortis can invest in various growth initiatives. Fortis has historically taken an aggressive stance on expansion, seeking out acquisition targets that offer exposure to new markets or that are complementary to its existing operations.

Recently, that growth has shifted internally to upgrading existing facilities and transitioning others towards renewables. Those efforts will help to solidify Fortis’s already impressive moat. Overall, the company has earmarked a goal of achieving a 75% reduction in greenhouse gases by 2035.

Why settle for growth or income when you can attain both?

Fortis is a great stock for any growth-seeking investor. In fact, the company handily dispels the often-mentioned criticisms of utility stocks, such as they lack any real incentive for growth.

But Fortis is also a great income stock, which is key to generating a stable retirement income.

Fortis currently offers investors a quarterly dividend, which carries a yield of 3.37%. To put those earnings into context, a $35,000 investment will earn a first-year income of nearly $1,180. Keep in mind that investors not ready to draw on that income are better served by reinvesting it until needed. This will also allow the investment to continue growing on autopilot.

Another factor to consider is Fortis’s annual dividend hike. Fortis has established a precedent of providing investors with annual handsome upticks to that dividend. In fact, Fortis has continued that process for over 48 years without fail and has planned to continue that practice.

In other words, buying Fortis today could seriously help generate a stable retirement income stream.

Final thoughts

No investment is without risk, and that includes Fortis. Fortunately, utilities are excellent investments, even during times of volatility.

In my opinion, Fortis is a great investment to generate a stable retirement income that should be a core holding in any well-diversified portfolio.

The post Generate a Stable Retirement Income appeared first on The Motley Fool Canada.

Should You Invest $1,000 In Fortis?

Before you consider Fortis, we think you’ll want to hear this.

Our nearly S&P/TSX market doubling Stock Advisor Canada team just released their top 10 starter stocks for 2022 that we believe could be a springboard for any portfolio.

Want to see if Fortis made our list? Get started with Stock Advisor Canada today to receive all 10 of our starter stocks, a fully stocked treasure trove of industry reports, two brand-new stock recommendations every month, and much more.

See the 10 Stocks * Returns as of 4/14/22

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Fool contributor Demetris Afxentiou has positions in Fortis Inc. The Motley Fool recommends FORTIS INC.

- Aditya Raghunath
2 Top Cryptocurrencies That Can Be Part of Your Portfolio in 2022

cryptocurrency, crypto, blockchain

The collapse of the Terra (CRYPTO:LUNA) ecosystem has shaken investor confidence significantly. It has brought forward the risks associated with investing in an extremely volatile asset class. Several financial experts have rightfully advised investing as much as you can afford to lose in cryptocurrencies and for good reason.

Even digital assets such as Ethereum (CRYPTO:ETH) and Bitcoin (CRYPTO:BTC) that command multi-billion-dollar valuations may lose a major portion of their market cap in just a few trading sessions. But in the last decade, cryptocurrencies have also created massive wealth for investors, making it a top bet for those with a very high-risk profile.

Let’s take a look at the two top cryptocurrencies investors can consider buying right now.

Polygon

One of the top-performing cryptocurrencies in 2021, Polygon (CRYPTO:MATIC) is valued at US$5.57 billion by market cap. At the time of writing, the MATIC token is down 76% from all-time highs.

The Polygon blockchain network gained traction last year due to its well-structured, easy-to-use platform that can be used to scale Ethereum. The core component of the network is Polygon SDK (software development kit), which is basically a modular framework that allows developers to build several types of applications.

Recently, Polygon stated it is exploring opportunities with DeFi.org and Orbs. DeFi.org is a DeFi (decentralized finance) accelerator while Orbs is a Layer 3 blockchain infrastructure project. 

Polygon and DeFi.org disclosed the launch of a DeFi accelerator program where projects will be developed using the former’s L2 capabilities and the L3 infrastructure of Orbs.

Polygon aims to resolve scalability issues related to the Ethereum blockchain, while Orbs provides a platform that can drive innovation in the DeFi space.

According to the partnership, accelerator round participants part of DeFi.org will build on the Polygon network. Further, projects that utilize the L3 infrastructure of Orbs “will be subject to special consideration.”

Solana

Similar to Polygon, Solana (CRYPTO:SOL) was also one of the top-performing cryptocurrencies in 2021. In fact, the SOL token surged by more than 10,000% last year but is trading almost 80% from all-time highs.

Dubbed an Ethereum killer, Solana’s network uses a proof-of-history mechanism to validate transactions. The unique validation mechanism allows Solana to process thousands of transactions per second at a cost of $0.0008 per transaction.

Further, the Solana blockchain is also equipped to process smart contracts, allowing the network to onboard DeFi projects on its blockchain. These competitive advantages have enabled Solana to increase its total value locked (TVL) at a stellar pace. The TVL is the amount of capital deployed on decentralized applications on a particular network.

Solana’s TVL has risen to US$5.4 billion this month, compared to US$1.6 billion in the year-ago period. However, it’s also below an all-time high of US$15.6 billion in TVL, which was reported in late 2021.

Solana is currently the eighth-largest cryptocurrency in the world, valued at US$18.3 billion, by market cap. Additionally, Solana developers continue to expand its robust ecosystem by introducing products such as Solana Pay, which is a peer-to-peer payments platform. Solana Pay can facilitate transactions between merchants and customers with much lower fees and real-time settlement.

The post 2 Top Cryptocurrencies That Can Be Part of Your Portfolio in 2022 appeared first on The Motley Fool Canada.

Should You Invest $1,000 In Bitcoin?

Before you consider Bitcoin, we think you’ll want to hear this.

Our nearly S&P/TSX market doubling* Stock Advisor Canada team just released their top 10 starter stocks for 2022 that we believe could be a springboard for any portfolio.

Want to see if Bitcoin made our list? Get started with Stock Advisor Canada today to receive all 10 of our starter stocks, a fully stocked treasure trove of industry reports, two brand-new stock recommendations every month, and much more.

See the 10 Stocks * Returns as of 4/14/22

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Fool contributor Aditya Raghunath has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Ethereum, Solana, and Terra.

- Sneha Nahata
Down About 73%, This 1 Tech Stock Is a Must-Have in Your TFSA Portfolio

IMAGE OF A NOTEBOOK WITH TFSA WRITTEN ON IT

With the recent selling, investing in tech stocks could be highly profitable for TFSA investors, especially in the long term. The steep correction in the prices of the top TSX tech stocks has led to significant compression in their valuation, making them attractive long-term bets to generate solid tax-free capital gains. 

While most TSX tech stocks have corrected quite a lot, my favourite is Shopify (TSX:SHOP)(NYSE:SHOP). While Shopify stock has fallen nearly 73% this year, its strong fundamentals point to a strong rebound in growth. Let’s delve deeper to determine why investing in this tech stock would be profitable for TFSA investors. 

Growth to reaccelerate 

Shopify announced that the prior year’s first half benefitted from the COVID-led demand and government stimulus. However, normalization in demand trends due to easing restrictions and the absence of the previous year’s growth catalysts will likely weigh on its financials in the short term. 

Nevertheless, Shopify’s growth could reaccelerate, as comparisons ease in the latter part of this year. Shopify stated that it is introducing new commercial initiatives and aggressively investing in sales and marketing to boost its subscription solutions revenue by extending its addressable market further and increasing its penetration in the existing markets. 

Furthermore, Shopify is expanding its existing products into new geographies and rolling out new features, which will drive its merchant solutions business. 

It’s worth mentioning that Shopify’s gross payment volume accounted for 51% of the gross merchandise volume processed in Q1 of 2022 compared to 46% in the prior year. This indicates that merchants are quickly adopting its payment offerings, which is positive. 

It continues to invest in the POS and Shopify fulfillment network, which provides a solid foundation for long-term growth. Also, Shopify announced the acquisition of Deliverr, an e-commerce fulfillment technology provider. 

The acquisition is likely to strengthen its fulfillment network further and enable fast delivery, supporting merchant growth on its platform.  

Shopify’s partnerships with leading social media companies have strengthened its position in the fast-growing social commerce market and added new sales and marketing channels for its merchants. 

Valuation at multi-year low

Shopify’s strong competitive positioning, aggressive investments to fuel long-term growth, and secular tailwinds provide a solid foundation for growth. However, its stock is trading at a significant discount. 

Shopify stock is trading at a next 12-month EV-to-sales multiple of 6.5, which represents a massive discount from its historical average. Further, it is at a multi-year low, providing an opportunity to accumulate it for the long term.

Final thoughts

The tough year-over-year comparisons, uncertainty over consumer spending and economic growth amid high inflation and rising interest rates, and accelerated pace of investments are likely to take a toll on its Q2 revenue and margins. 

However, Shopify’s growth would reaccelerate as the year progresses and comparisons ease. Moreover, the benefits from its investments will likely support its growth. 

Over the longer term, Shopify is well positioned to capitalize on the digital shift led by new product launches, higher payments penetration, and expansion into new geographies. 

Furthermore, its solid investments in the commerce infrastructure and strengthening of its own fulfillment network bode well for Shopify and investors. 

Shopify stock is attractively priced at current levels, providing an excellent opportunity for buying for TFSA investors.

The post Down About 73%, This 1 Tech Stock Is a Must-Have in Your TFSA Portfolio appeared first on The Motley Fool Canada.

Should You Invest $1,000 In Shopify?

Before you consider Shopify, we think you’ll want to hear this.

Our nearly S&P/TSX market doubling* Stock Advisor Canada team just released their top 10 starter stocks for 2022 that we believe could supercharge any portfolio.

Want to see if Shopify made our list? Get started with Stock Advisor Canada today to receive all 10 of our starter stocks, a fully stocked treasure trove of industry reports, two brand-new stock recommendations every month, and much more.

See the 10 Stocks * Returns as of 4/14/22

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Fool contributor Sneha Nahata has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Shopify.

- Jitendra Parashar
1 Canadian Bank Stock I’d Buy Before the Victoria Day Holiday

Bank sign on traditional europe building facade

Most bank stocks in Canada have started recovering this week after struggling and largely underperforming the broader market for months. Worries about slowing global economic growth and a possible recession have taken a toll on investors’ sentiments in the last few months, driving bank stocks lower. Nonetheless, it could be the right time for investors to consider adding some fundamentally strong bank stocks to their portfolios before most big Canadian banks report their results next week.

In this article, I’ll highlight one of my favourite bank stocks on the TSX that I consider worth buying right now ahead of the Victoria Day long weekend.

Scotiabank stock

By market capitalization, Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) is currently the third-largest bank in Canada after Royal Bank of Canada and Toronto-Dominion Bank. The shares of Scotiabank have risen by nearly 3% in the last three sessions but still continue to underperform the TSX Composite. The bank is gearing up to report its April quarter financial results next week on May 25. Investors’ rising expectations from its upcoming earnings event could be one of the reasons, driving its stock higher this week.

Solid financial recovery track record

In its fiscal year 2021 (ended in October 2021), Scotiabank’s well-diversified business model showcased resilience, as the Canadian banking giant came back on its financial growth trend sooner than expected after facing COVID-19-related headwinds for several quarters. It reported $31.3 billion in total revenue that fiscal year. Strong non-interest income and loan growth, along with the solid performance of its Canadian advisory and asset management businesses, advanced its financial recovery. With this, Scotiabank’s adjusted earnings for fiscal 2021 stood strong at $7.87 per share, exceeding analysts’ expectations. These earnings figures also showcased positive growth over its pre-pandemic earnings levels of $31 billion (in fiscal 2019).

With the help of continued rising economic activities and easing pandemic-related restrictions, the bank’s earnings growth remained solid in Q1 of its fiscal year 2022 (ended in January) as well. In the January quarter, Scotiabank registered a 14% YoY (year-over-year) jump in its adjusted earnings to $2.15 per share with the help of strong operating results across business segments. To add optimism, its adjusted net profit margin expanded further in Q1 to around 32.9% from 28.8% a year ago.

Why BNS stock is worth buying now

It’s important to note that Scotiabank has consistently been beating analysts’ earnings estimates for six quarters in a row. Analysts now estimate its earnings for the April quarter to rise by just 3.9% YoY to around $1.97 per share. Given its recent strong earnings-growth momentum and consistently increasing economic activities in the post-pandemic world, I find these estimates too conservative. That’s why I wouldn’t be surprised if Scotiabank manages to crush Street’s expectations in Q2 as well.

In addition, a rising interest rate environment could boost Scotiabank’s near-term financial growth outlook and enhance its profitability further. I expect all these positive factors to help BNS stock recover fast. Its handsome dividend yield of around 4.9% makes it even more attractive.

The post 1 Canadian Bank Stock I’d Buy Before the Victoria Day Holiday appeared first on The Motley Fool Canada.

Should You Invest $1,000 In The Bank of Nova Scotia?

Before you consider The Bank of Nova Scotia, we think you’ll want to hear this.

Our nearly S&P/TSX market doubling Stock Advisor Canada team just released their top 10 starter stocks for 2022 that we believe could be a springboard for any portfolio.

Want to see if The Bank of Nova Scotia made our list? Get started with Stock Advisor Canada today to receive all 10 of our starter stocks, a fully stocked treasure trove of industry reports, two brand-new stock recommendations every month, and much more.

See the 10 Stocks * Returns as of 4/14/22

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The Motley Fool recommends BANK OF NOVA SCOTIA. Fool contributor Jitendra Parashar has no position in any of the stocks mentioned.

- Rajiv Nanjapla
3 Cheap Growth Stocks to Add to Your TFSA

Growing plant shoots on coins

Multiple rate hikes and concerns over their higher valuations have led to a substantial selloff in growth stocks. The correction in some stocks appears to be overdone, proving an excellent entry point for long-term investors. Meanwhile, if you have not maxed out your TFSA (Tax-Free Savings Account) limit, you can add these three high-growth stocks that are trading at a substantial discount from their 52-week highs.

WELL Health Technologies

First on my list is WELL Health Technologies (TSX:WELL), which has lost over 54% of its stock value compared to its 52-week high. The steep pullback has dragged the company’s NTM price-to-sales multiple down to 1.6, lower than its historical average. Meanwhile, I believe the correction has created an excellent buying opportunity for long-term investors.

Last week, WELL Health had reported a solid first-quarter performance, with its revenue growing by 395% to $126.5 million. Its recent acquisitions and substantial organic growth drove its top line. Overall, the company had more than one million patient interactions in the first quarter. Along with top-line growth, the company’s adjusted EBITDA also increased from $0.5 million in the previous year’s quarter to $23.5 million. It also posted an adjusted net income of $8.6 million compared to a net loss of $2.4 million in the previous year’s quarter.

Supported by its impressive first-quarter performance, WELL Health’s management has raised its 2022 revenue guidance to $525 million from earlier guidance of $500 million. The management also hopes to grow its adjusted EBITDA to $100 million while driving its adjusted net income to positive territory. Given its improving financials, solid outlook, and attractive valuation, I expect WELL Health to deliver multi-fold returns over the long run.

goeasy

goeasy (TSX:GSY) is a financial services company that serves sub-prime customers through its easyfinancial, easyhome, LendCare business segments. Amid the recent selloff, the company has corrected 47.2% from its September highs. Its valuation also looks attractive, with its NTM price-to-earnings multiple standing at 9.2.

Given its ability to grow its loan portfolio, the addition of new business verticals, venturing into new markets, and expanding product range, I am optimistic about the stock. The management expects to increase its loan portfolio to $3.6 billion by 2024. The expansion in its loan portfolio could grow its revenue to $1.28 billion while maintaining its operating margin above 35%. Further, the company has also increased its dividends at a healthy rate over the last eight years, which is encouraging. So, I expect goeasy to deliver superior returns in the long run.

Savaria

Third on my list is Savaria (TSX:SIS), which designs, manufactures, distributes, and installs accessibility solutions across 40 countries. Last week, the company had reported an impressive first-quarter performance, with its revenue and adjusted net earnings growing by 63.8% and 5.8%. Its adjusted EBITDA increased by 41.2% to $24.4 million. Along with the organic growth of 12%, the company’s acquisition of Handicare drove its financials.

With the growing aging population, I expect the demand for accessibility solutions could rise, expanding the addressable market for Savaria. With its wide range of products and solid sales and distribution network, the company is well positioned to expand its market share. So, its outlook looks healthy. However, amid the weakness in the broader equity markets, Savaria has lost 38% of its stock value compared to its 52-week highs. Its NTM price-to-earnings multiple has also declined to 18.2, making it an attractive buy.

The post 3 Cheap Growth Stocks to Add to Your TFSA appeared first on The Motley Fool Canada.

Should You Invest $1,000 In goeasy?

Before you consider goeasy, we think you’ll want to hear this.

Our nearly S&P/TSX market doubling* Stock Advisor Canada team just released their top 10 starter stocks for 2022 that we believe could be a springboard for any portfolio.

Want to see if goeasy made our list? Get started with Stock Advisor Canada today to receive all 10 of our starter stocks, a fully stocked treasure trove of industry reports, two brand-new stock recommendations every month, and much more.

See the 10 Stocks * Returns as of 4/14/22

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The Motley Fool recommends Savaria Corp. Fool contributor Rajiv Nanjapla has no position in any of the stocks mentioned.

- Daniel Da Costa
3 Canadian Dividend Stocks to Buy Now While They Still Offer High Yields

Increasing yield

Canadian dividend stocks are some of the best to buy when the entire market is selling off. In this environment, high-quality dividend stocks can add more stability to your portfolio and will return cash you can use to buy more stocks.

Buying any stock undervalued is great and, of course, the goal of investors. But with dividend stocks, in addition to having more upside potential when they are cheap, they also offer higher yields.

If you’re looking to add high-quality dividend stocks to your portfolio and boost your passive income, here are three stocks that you’ll want to buy now while you can lock in some attractive yields.

This top Canadian utility stock has been trading with a yield above 5%

Utility stocks are some of the most defensive and least volatile stocks you can buy. So, in the current market environment, they are some of the top investments to make. And considering how cheap Algonquin Power and Utilities (TSX:AQN)(NYSE:AQN) has been lately, it’s one of the best Canadian dividend stocks to buy now.

Because utilities are such strong companies with highly reliable income, they typically trade with lower dividend yields. Fortis, one of Algonquin’s utility peers, currently has a yield of roughly 3.3%.

So, Algonquin, which currently offers a yield of more than 5% and should continue to grow its dividend at an equal or faster pace than Fortis over the next few years, looks highly attractive at these prices.

I’d look to buy Algonquin soon, though. The stock has been gaining value in recent trading sessions, and the dividend yield has been falling rapidly. If you’re looking for some of the best Canadian stocks to buy, Algonquin is one I’d look to buy right now.

A royalty stock that’s perfect for dividend investors

Another excellent dividend stock that’s recently pulled back from its highs and now offers an extremely attractive dividend yield of 6.3% is Pizza Pizza Royalty (TSX:PZA).

Pizza Pizza is one of the best Canadian stocks to buy now, because it’s one of the best investments that dividend investors can make since the stock is constantly returning cash to investors every month.

The company is set up to constantly receive cash from its royalty pool of Pizza Pizza and Pizza 73 locations, which it pays tax on and then turns right around and returns to investors.

The sales are incredibly resilient. So, while there are concerns about how inflation may impact Pizza Pizza, the company is well positioned to weather the storm, and the impact investors will notice would likely be minimal.

Therefore, with the stock pulling back by nearly 15% off its high and offering an impressive yield of 6.3%, there’s no question Pizza Pizza is one of the best Canadian dividend stocks to buy now.

One of the best and most resilient Canadian dividend stocks to buy now

Although utilities are some of the safest stocks you can buy, usually consumer staples are some of the next best investments to consider. And right now, North West Company (TSX:NWC) offers a dividend yield above 4%. So, it’s easily one of the best Canadian stocks to buy now.

Consumer staples can be high-quality investments because they sell essentials that consumers need to buy. Therefore, even if incomes are being affected, whether by a recession or by rapid inflation, if consumers are lowering their spending, it’s usually not for staples such as food.

Consumer staple stocks can often pass along price increases to their customers. However, with inflation so significant today and several supply chain issues, some consumer staples are struggling in the current environment.

In recent years, North West has done a tonne of work to vertically integrate parts of its business and bring more costs in-house to try and improve margins. So, while there may be some risk with North West today, it should be able to weather the storm better than many of its peers and much better than most other Canadian stocks.

Therefore, with the stock trading more than 10% off its high, offering a yield of roughly 4% and due for a dividend increase in the near term, it’s certainly one of the best Canadian stocks to buy now.

The post 3 Canadian Dividend Stocks to Buy Now While They Still Offer High Yields appeared first on The Motley Fool Canada.

Should You Invest $1,000 In Algonquin Power and Utilities?

Before you consider Algonquin Power and Utilities, we think you’ll want to hear this.

Our nearly S&P/TSX market doubling* Stock Advisor Canada team just released their top 10 starter stocks for 2022 that we believe could supercharge any portfolio.

Want to see if Algonquin Power and Utilities made our list? Get started with Stock Advisor Canada today to receive all 10 of our starter stocks, a fully stocked treasure trove of industry reports, two brand-new stock recommendations every month, and much more.

See the 10 Stocks * Returns as of 4/14/22

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Fool contributor Daniel Da Costa has positions in ALGONQUIN POWER AND UTILITIES CORP. and THE NORTH WEST COMPANY INC. The Motley Fool has positions in and recommends PIZZA PIZZA ROYALTY CORP. The Motley Fool recommends FORTIS INC and THE NORTH WEST COMPANY INC.

- Vishesh Raisinghani
Oil Boom: This 6% Dividend Stock Could Go Higher

oil tank at night

The global energy crisis shows no sign of abating. Inventory is as tight as ever, and global demand is stronger than ever. That’s pushed crude oil to multi-year highs and made producers much more profitable. However, one dividend stock in the sector stands out as the least-risky bet. Here’s a closer look at Enbridge (TSX:ENB)(NYSE:ENB).

Cash flow pipeline

Calgary-based Enbridge isn’t an oil or gas producer. Instead, it owns and manages one of the largest networks of oil pipelines in North America. The company transports fuel and earns revenue based on volume. In my view, that’s a more stable business model. 

The price of oil is unpredictable. A sudden plunge in demand (like the lockdown in China) or a sudden surge in supply (from OPEC perhaps) could change the outlook quickly. Oil and gas producers are highly sensitive to these shifts. However, the flow of energy across North America is much more predictable and stable. That’s why Enbridge is a safer bet for conservative investors. 

This stability has allowed the company to deliver dividends consistently over 67 years — despite several boom-bust cycles along the way. 

Dividend growth

Enbridge’s dividend yield is already better than most oil producers. While large-cap oil stocks like Suncor offer a 3.8% dividend yield, Enbridge offers 5.88%. Unlike oil producers, Enbridge has never cut dividends. Instead, it has expanded them every year for 27 consecutive years. 

Earlier this year, the management team forecasted dividend growth of 5-7% for the years ahead. I believe dividends could grow faster than that. Alberta premier Jason Kenney told a U.S. Senate committee on Tuesday that Canadian oil producers could boost exports to the U.S. by up to one million barrels a day. If this boost materializes, Enbridge could be a prime beneficiary. The premier is pushing for the approval of a new pipeline to carry the excess production. 

Meanwhile, Enbridge has been deploying cash into expansion. Last year, the company purchased the Ingleside Energy Centre port near Corpus Christi for US$3 billion in cash. That’s the largest oil export terminal in North America. 

The company is also actively pursuing delivery agreements with new natural gas facilities that are still under construction. This includes delivery for the upcoming Plaquemines LNG facility in Louisiana, Texas LNG Brownsville LLC project, and NextDecade Inc.’s proposed Rio Grande facility.

Put simply, Enbridge is moving aggressively to expand capacity. That means revenue and profits could surge higher than expected in the years ahead. Investors could anticipate more dividend growth. 

Bottom line

The global energy crisis is persistent. Oil and gas producers are raising dividends now but are still highly sensitive to geopolitical and economic factors. Pipeline giant Enbridge could be a more reliable bet for investors seeking consistent passive income over the long term. Keep an eye on this opportunity as it delivers more dividend growth in the years ahead.  

The post Oil Boom: This 6% Dividend Stock Could Go Higher appeared first on The Motley Fool Canada.

Should You Invest $1,000 In Enbridge?

Before you consider Enbridge, we think you’ll want to hear this.

Our nearly S&P/TSX market doubling Stock Advisor Canada team just released their top 10 starter stocks for 2022 that we believe could be a springboard for any portfolio.

Want to see if Enbridge made our list? Get started with Stock Advisor Canada today to receive all 10 of our starter stocks, a fully stocked treasure trove of industry reports, two brand-new stock recommendations every month, and much more.

See the 10 Stocks * Returns as of 4/14/22

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Fool contributor Vishesh Raisinghani has no position in any of the stocks mentioned. The Motley Fool recommends Enbridge.

- Andrew Walker
Time to Buy MAG Silver (TSX:MAG) Stock?

silver metal

MAG Silver (TSX:MAG) is popular stock for investors who want a pure-play mining bet on silver. The share price has bounced around a lot over the past two years, and the recent dip has investors wondering if MAG stock is now undervalued.

MAG Silver overview

MAG Silver is a Canadian exploration and development company based in Vancouver with a focus on high-grade silver projects located in North and South America.

The largest operation is a 44% stake in the Juanicipio Project in Mexico. This mine is located in the top silver district in the country. The operator, Fresnillo, is building a new processing plant, and opportunities exist to expand production at the site.

MAG is also working through an exploration program at its Deer Trail project in Utah and is in the process of acquiring the Larder Lake gold project in Canada.

MAG Silver Q1 2022 results

MAG Silver reported gross profit of US$46.2 million in Q1 2022 compared to US$8.2 million in the same period last year. Net income for the first three months of the year came in at US$2.68 million, or US$0.03 per share, compared to a US$3.66 million loss last year.

MAG Silver finished Q1 2022 with US$52.25 million in cash and no long-term debt. The solid balance sheet is an important consideration for invests who want to get exposure to the silver market through a producer. Mining companies with large debt balances can get into trouble when market prices fall or projects run into operational challenges. The fact that MAG Silver does not carry any long-term debt gives the company good financial flexibility.

MAG Silver outlook

The pending acquisition of the Larder Lake Project in northern Ontario marks a pivot for MAG Silver. The site is a gold play in the prolific Abitibi greenstone belt that has produced significant gold. The project has already identified several gold mineralization centres along a seven km strike length.

As soon as the deal closes, MAG Silver plans to use new technology to identify potential large deposits along the claim zone.

Silver market

Silver trades near US$$21.50 per ounce at the time of writing. The price of the metal is down from the 2022 high around US$27 per ounce and close to its lowest point in the past 12 months. The recent drop is largely due to the surge in the value of the U.S. dollar. Silver is priced in American dollars, so silver becomes more expensive for holders of other currencies when the dollar increases in value. This can put pressure on demand.

Long-term demand for silver, however, should be strong. The metal is popular for jewelry, but it also has many industrial uses that could drive demand significantly higher in the coming years.

That being said, the silver market can be volatile, as we have seen in recent weeks. The price is still well above the pre-pandemic levels, so the next few months will tell if silver is currently taking a pause before the next leg higher, or in the early stage of a slide back to the 2019 pricing.

Is MAG Silver stock a buy now?

MAG Silver has a solid balance sheet, a productive operating silver mine, and promising gold resources at the Larder Lake site. Ongoing volatility should be expected, but silver bulls who want exposure to the metal through a quality mining company primarily focused on silver might want to consider adding MAG Silver to their holdings after the recent pullback.

The stock trades near $17 per share on the TSX Index at the time of writing. It was above $28 last June, so there is decent upside potential on the next rebound in the silver market.

The post Time to Buy MAG Silver (TSX:MAG) Stock? appeared first on The Motley Fool Canada.

Should You Invest $1,000 In Mag Silver Corp?

Before you consider Mag Silver Corp, we think you’ll want to hear this.

Our nearly S&P/TSX market doubling* Stock Advisor Canada team just released their top 10 starter stocks for 2022 that we believe could supercharge any portfolio.

Want to see if Mag Silver Corp made our list? Get started with Stock Advisor Canada today to receive all 10 of our starter stocks, a fully stocked treasure trove of industry reports, two brand-new stock recommendations every month, and much more.

See the 10 Stocks * Returns as of 4/14/22

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The Motley Fool has no position in any of the stocks mentioned. Fool contributor Andrew Walker has no position in any stock mentioned.

- Timothy Sykes
The Smart Way to Grow Your Small Account

Hey trader. Tim here.

It’s been almost 30 years since my parents let me take $10,000 in Bar Mitzvah money to jump-start my trading career.

I didn’t become a millionaire overnight. Not by a long stretch.

In fact, the market beat me up plenty as I clawed my way to the top.

Today, I’m still amazed to look at all of the things I’ve achieved from that small account.

When I began my mentorship program, I wanted my students to reach those same heights.

And This Friday’s LIVE Mastery Class takes that to a whole new level!

But I knew that wouldn’t happen unless I could teach them how to take a small account and turn it into a wealth-generating machine.

Over the years I created small account challenges for myself — comparing the trades, strategies, and risk management to larger accounts.

It turns out they’re more alike than you might think.

Plus, one of the biggest drawbacks, the pattern day trading restriction (PDT) can actually be an advantage.

But I don’t want anyone to think that it’s easy to take $100 and turn it into $1 million.

However, ANYONE can break through the market to become a successful trader, even folks with small accounts.

For years, high broker commissions and fees ate away at my profits.

But now that equities mostly trade commission-free, there are only a few things I need to successfully grow a small account.

Make Friends with the PDT Rule © document.write(new Date().getFullYear()); Millionaire Media, LLC

By far, the number one complaint I hear with small accounts is the limitation imposed by the pattern day trading rule (PDT).

Let me explain for those not familiar with this rule. After the advent of online trading in the late ‘90s and the bubble bonanza with dot-com stocks, the SEC implemented the PDT rule in February 2001.

The rule says that margin accounts containing less than $25,000 could only take three round-trip trades within five business days.

You can learn more about the specifics from my recent blog post.

In that article, I touch on the idea I’m about to tell you…

Stick with three round-trip trades per week.

Don’t try to game the system or find a loophole through an offshore broker.

Just stay with the three trades per week restriction.

One of the most common mistakes any trader makes is overtrading.

We get a hot hand, revenge trade, or simply get caught up in the momentum. Ultimately, we enter less-than-ideal setups (or take on too much risk).

Imagine if I laid out 50 trades for you to choose from each week. If you could only pick three, which would you choose?

For my money, I’d go for setups with higher probability — or a nice risk/reward ratio — to help grow my account faster.

When I limit myself to only a few trades, I instantly zero in on the best ones out there. That doesn’t mean they work every time. But I can say with full confidence that I’m giving myself the best shot at success.

Treat It the Same as a Large Account Tim Sykes checks his penny stock positions from Tulum© document.write(new Date().getFullYear()); Millionaire Media, LLC

If you can’t make money with a $5,000 account … you have no business trading a $50,000 account.

It’s that simple.

I don’t look at risk and reward in total dollar terms. Instead, I view it as a percentage of the account.

Here’s an example…

Let’s say I take a trade where I risk 2% of my total account value to make 5%.

For a $5,000 account, that means I could lose $100. For a $50,000 account, I could lose $1,000.

The dollar amount isn’t important. What matters is the percentage of my account that I put on the line.

Penny stock trading isn’t like buying and selling Alphabet Inc. (NASDAQ: GOOG) or Amazon.com, Inc. (NASDAQ: AMZN), where you might only be able to buy one or two shares.

With penny stocks, you can potentially buy hundreds of shares, giving you the flexibility to scale in and out of the position.

This brings me to my final point…

Take Many Small Trades Tim Sykes giving top tested trading tip from Venice, Italy 2021© document.write(new Date().getFullYear()); Millionaire Media, LLC

You never want any single trade to blow up your account.

I constantly tell my students to take small, fast losses.

Over the years, I watched far too many traders get cocky and push their chips in … only to watch the trade decimate their P&L.

Most successful traders earn their profits over the long haul.

Only a few make large, well-timed bets. Good for them … but that’s not something I can teach.

I want my students to create consistent streams of income through trading.

And the only way to do that is with a repeatable, mechanical process.

Trading should become so ingrained that the actions become second nature.

Sure, you might make a few trades each year that pay out HUGE. That’s actually pretty common.

But make sure that when you trade with a small account (same as a large one), you give yourself space so that no one trade (or string of trades) can break you.

With that in mind, I’d like to invite you to come check out one of my absolute favorite patterns for small account traders.

This is the same pattern I used to help me turn that $10,000 account into more than $7 million.

Click here to learn more about my Supernova Pattern.

 

—Tim

The post The Smart Way to Grow Your Small Account appeared first on Timothy Sykes.

- Timothy Sykes
How To Find Morning Spikers Faster Than Other Stock Traders {VIDEO}

How do I find morning spikers so early? How do I find them the fastest? And what gives me my competitive advantage? Tune in to the video below NOW!

Here’s what you’ll learn:

Seconds matter in trading — that’s why I use this tool to find the hottest stocks that can spike FAST! Why you need to stop using chat rooms and social media to get your stock news — this is important! I don’t have insider information to find spikers before they happen, but I have two things many traders don’t… Not all news catalysts present a trading opportunity. Learn how to trade news catalysts with this NO-COST guide. YouTube Video

Do you want to prepare and be meticulous? Do you want to capitalize on morning spikes and panics? Understand that trading isn’t just about profits — it’s about the experience.

Get an advantage over everybody else and learn the right process…

Apply for my Trading Challenge today!

Leave a comment and let me know if you promise to utilize Breaking News Chat and my no-cost guide!

The post How To Find Morning Spikers Faster Than Other Stock Traders {VIDEO} appeared first on Timothy Sykes.

- Timothy Sykes
I Stopped Shorting Stocks

Hey trader. Tim here.

With the market in an apparent downtrend, you might think I’d be spending most of my time looking for opportunities to short…

But the truth is … I very rarely make bearish trades.

I know that surprises a lot of folks.

Some of my top students trade almost exclusively to the short side, like Kyle Williams…

Not bad to finish out the week up more than $68,000

You might be thinking…

‘Tim, don’t you primarily trade penny stocks? And aren’t most penny stocks just junky companies with no actual product, service, or revenue?’

It’s true … And it’s one of the main reasons I LOVED shorting penny stocks for a large portion of my career.

However, market dynamics have changed. And even in a bear market, the strategy only makes sense for a few people.

If you’re trading a small account and trying to build your stack … then I have an even better strategy than shorting stocks in this market…

And if you can identify these two things they can be total game-changers for you…

Learn About Floats Monday motivation - Tim Sykes swims with laptop exemplifying mindset mastery to achieve success© document.write(new Date().getFullYear()); Millionaire Media, LLC

Anytime a stock goes public, the company sets a specific number of shares that can trade on the exchange.

This is known as the float.

Floats can change if a company sells (tenders) more shares or buys them back.

By themselves, floats don’t matter much. They only matter relative to the volume that trades.

As you might imagine, low-float stocks often trade relatively few shares.

So, what do you think happens when news drives a bunch of traders to a low-float stock?

You get a squeeze.

It doesn’t matter whether someone has sold shares short or not. When you get heavy volume on a low-float stock, it usually sends prices higher.

Think about it like this.

If I owned a few shares of Stock XYZ that suddenly jumped 125%, I might sell one or two. But I’d likely hold out to see if I can sell the rest at a higher price.

If enough traders do the same thing, you’ll see the share price skyrocket.

Does it matter how many shares are sold short?

Of course.

When short-sellers — those who bet against a stock by borrowing from their broker — get caught in a squeeze, brokers will issue margin calls. That forces the short-seller to buy back the stock to close their position, which adds more fuel to the buy-side.

But here’s the thing…

The reports on short floats don’t get updated all that often.

And with stocks moving as much as triple-digit % intraday, they’re practically worthless.

That’s why I’m more interested in the total available float of a stock.

What would I consider a low-float stock? One with less than 10 million shares available for trading.

You can use filters on screeners like the one on our StocksToTrade platform.

Here, I can filter for a stock’s float, price, volume, and a host of other factors that save me time.

Watch Out for Breakouts

Take a look at the following chart of Sysorex Inc. (OTCPK: SYSX).

I circled various highs in the chart over the last several days.

Imagine you shorted this stock. Where would you have put your stop?

The recent highs would be a good place to start.

Every time a recent high is broken, there’s a solid chance you’ll see short traders covering their positions.

You see the same thing when long traders get stopped out.

So, how do we know when it’s likely to cause a short squeeze?

That’s when I look for the highest of the highs.

The longer a high has held, the more likely it is to act as a catalyst for a short squeeze.

Using SYSX, let’s zoom out to the daily chart.

See how the price made a high after a ton of trading volume hit the stock?

I can almost sense that short traders have their stops set at the highs.

Given that it’s been more than a week since SYSX made those highs, if it breaks them, it’s very likely to cause a short squeeze.

Now, that may not happen all at once if it just pokes above that price for a minute or two.

But when I see multiple candles close above that price, it indicates that buyers are stepping in and forcing shorts out of their positions.

Study This Chart

There’s no better setup to see how this concept works than my Supernova pattern.

I love this chart because it has all the lifecycle events for a stock.

And it’s also the pattern I used to help me make my first million.

Click here to learn more about my Supernova Pattern.

 

—Tim

The post I Stopped Shorting Stocks appeared first on Timothy Sykes.

- Timothy Sykes
What It Takes To Become a Successful Trader {VIDEO}

When I started trading, I didn’t have a teacher to show me the ropes or warn me of an upcoming market crash

My parents gave me control of my bar mitzvah money and thought I’d lose it all. Instead, I buckled down and became obsessed with trading. Now, I get to live the life I love and I want all of you to live it as well…

Tune in to the video below to learn:

How long you can expect it to take to grow your knowledge account… Why I stay home and record video lessons while others go out and party. How to protect your assets when the market’s crashing…

Don’t miss this video!

YouTube Video

I’m in the business of creating millionaire students. As a teacher, I already have over 20 millionaire students. That’s not a coincidence…

All my students get access to all my archived and live webinars, video lessons, and DVDs to help them learn. If you’re ready to put in the work…

Apply for my Trading Challenge.

Are you willing to stay home and put in the work to become successful? Let me know in a comment below — I love hearing from you!

The post What It Takes To Become a Successful Trader {VIDEO} appeared first on Timothy Sykes.

- Timothy Sykes
Top Penny Stocks List: May 16, 2022

I have two balls and neither of them is crystal.

So while it might be fun to debate if the bottom is in…

…or if this is just a bear market rally.

The answer isn’t going to make you money.

What is then?

Staying on top of the news, waiting for the right patterns to present themselves, and managing your trades like someone who likes money (not a gambling degenerate).

I’m not gonna waste your time with any more rants.

The market’s moving and I have five penny stocks that need to be on everyone’s radar…

Check them out below…

Top 5 Penny Stocks to Watch This Week Top Penny Stocks List #1: ShiftPixy, Inc. (NASDAQ: PIXY)

I traded this stock last Friday. Here’s a screenshot…

Source: Profit.ly

A 12% profit in one morning ain’t bad. Especially if you consider the market we’re in right now.

PIXY spiked right out of the gates after releasing news. Shareholders will receive common stock of the SPAC Industrial Human Capital Inc. (NYSE: AXH). 

In other words, if you’re a PIXY shareholder, you get some free stock.

You can learn all about SPACs right here.

I keep my eye on stocks that prove to me they can run.

Keep reading to see why I traded the next stock on my watchlist 3 times in the last 2 weeks…

Top Penny Stocks List #2: Sysorex Inc. (OTC: SYSX)

I profited $1,300 from this stock alone. And it took me 3 trades.

In case you don’t remember, SYSX was on my watchlist last week.

That’s why I create a watchlist of stocks. Because former runners tend to come roaring back!

I share all my trades on Profit.ly, check ‘em out.

SYSX put a solid bottom in at 3 cents. I’m waiting to see if it can move back toward the breakout level at 11 cents.

I’m not gonna trade it unless more volume comes in. Learn the importance of stock volume.

SYSX has a nice-looking chart so far. I’m excited to see where it goes.

Top Penny Stocks List #3: Fernhill Corp. (OTC: FERN)

This stock was on my watchlist last week too…

FERN is a semiconductor company that also dabbles in the crypto sector. So there’s a lot of potential for hype around this play.

When it comes to trading stocks, the hype is king.

I even wrote a post teaching traders how to ride the hype without getting sucked in

It put in lows at 1 cent last week.

As I’m typing this, it’s creeping back towards highs … but I’m waiting for more volume.

Top Penny Stocks List #4: Amyris Inc. (NASDAQ: AMRS)

This one is super speculative.

It just took a nosedive from $4 down to $1.50.

But on the way down, it showed an opportunity for panic dip buys. And that’s my favorite pattern to trade.

Here’s how to spot the pattern…

YouTube Video

This stock could make a comeback this week. Or maybe it panics even further.

It doesn’t matter to me either way. I’m interested in volatility.

Top Penny Stocks List #5: Trans Global Group Inc (OTC: TGGI)

This is a legendary former runner.

And if you haven’t caught on yet, a history of spiking is a bullish trading indicator.

Former runners can always run again.

Take a look at the history of the volatility…

TGGI stock chartTGGI chart 1-year, 1-day candles (Source: StocksToTrade)

Focus on the past few days. It looks like it bounced off support, doesn’t it?

As of now, there’s no news. So I’ll stay away from it until I can identify a catalyst.

Remember people, there needs to be a reason for the move!

These are the top 5 stocks to be watching this week.

But it takes more than a watchlist to achieve consistent profits.

If you’re serious about becoming a successful trader, keep reading…

Trading Education Tim Sykes holding An American Hedge Fund in Italy after creating his top penny stocks list© document.write(new Date().getFullYear()); Millionaire Media, LLC

This is where your journey begins. If you can change your mindset from making money to learning, there’s hope.

New to penny stocks? Start with my FREE penny stock guide.

Also, get my best-selling book “An American Hedge Fund” here at no cost.

For the basics of my strategies, read “The Complete Penny Stock Course.”

And if you think you have what it takes, maybe the Trading Challenge is for you. Only apply if you’re willing to study hard. It’s not easy, but it’s where all my top students refined their skills.

**Apply for the Trading Challenge Today**

Trading Challenge students also get access to my daily watchlists. All successful traders make their own watchlists.

If you’re still on the fence about penny stocks…

Why You Should Consider Penny Stocks Tim Sykes checks his penny stock positions from Tulum© document.write(new Date().getFullYear()); Millionaire Media, LLC

You’ve probably heard people say “Penny stocks are scams.” Maybe your financial planner said, “Penny stocks are a very high-risk investment.”

Let me give it to you straight up…

Penny stocks are NOT long-term investments. They’re trading vehicles.

99.9% of penny stock companies fail. Or they do some weird pivot to whatever’s hot (like NFTs) and get a short-term spike. Then they suck again.

That’s what makes penny stocks beautiful. Other people think of penny stocks as investments. In other words, they believe the BS and hype.

Those are your enemies on the trading battlefield. They create massive volatility and THAT is what allows me and my top students to crush it.

The best part is, there’s a 7-step pennystocking framework you can use to identify common patterns.

Then, it’s a matter of discovering…

How to Choose the Right Penny Stocks to Trade

The world of penny stocks opened up when we created a tool that makes it easy. Heck, we even called it StocksToTrade.

YouTube Video

That said, people often ask how to choose stocks. It would take you days to sift through a list of all penny stocks. Even a list of the 100 best penny stocks wouldn’t get you very far. You need to drill down.

Here’s where to start…

Look for Big Percent Gainers

This is my number-one criterion and always has been. I’m not interested in boring — especially to grow a small account. If you reach $9.7 million in trading profits like Jack Kellogg, you’ll earn the right to trade boring stocks.

StocksToTrade has several big percent gainer scans built in. Use it.

StocksToTrade big percent gainers scanSource: StocksToTrade Look at the Exchange

This is important, especially in the beginning…

OTCs don’t trade premarket or after hours. That’s a good thing for beginners. Also, with OTCs, Level 2 data is more relevant. Once you start trading high-volume listed stocks, it’s more of a challenge to use Level 2.

Finally, some OTCs have a Pink Limited designation. Some even get the dreaded skull-and-crossbones Caveat Emptor label.  Be wary of these stocks. I’m not saying to never trade them, just take extra caution. If you’re new, avoid Caveat Emptor stocks altogether.

Investigate the Company History

After a while you probably won’t need to do this. Why? Because you’ll understand why penny stocks are called “Wall Street’s gutter.”

Take off the rose-tinted glasses…

Some penny stock companies change names or sectors as often as we change presidents. At least understand that before you start trading. Where can you find the dirt? Find the ticker on the OTC markets website or SEC Edgar. Then start going through filings.

(Top tip: StocksToTrade has links to all SEC and OTC markets filings. Use it.)

For more on how to read SEC filings, see my DVD guide called “How to Read SEC Filings.”

You’ll get blown away when you start digging. Most of these companies have more skeletons in their closet than a haunted house.

Always Verify Their Claims

The next step is to look for a catalyst. Most big percent gainers move based on news.

This is key…

Don’t take a press release or company tweet at face value. Try to verify the company’s claims.

Again, most of these companies fail. Half the time they have no product and no revenue. Rest assured, they’ll still issue press releases about their “world-changing tech. Or some big contract. Or a new gold mine, oil well, or metaverse property.

Most of it is absolute BS. Which is why you should NEVER believe the hype.

Instead…

Be Skeptical

That applies no matter what promoters tweet or what you heard in a Discord chat. THOSE are the biggest scams in this industry.

That’s why it’s so important to use StocksToTrade and get the Breaking News Chat add-on.

The Breaking News Chat guys are on top of promotions, chat pumps, and sketchy press releases. They alert it all in chat. That saves you hours of research sifting through so-called due diligence.

I would NEVER trade without StocksToTrade Breaking News. Get it today.

Rinse and Repeat to Add Penny Stocks to Your List

It’s as simple as that. Add more stocks to your watchlist by repeating the process. I keep roughly 20–30 stocks on my big watchlist.

Each day cull your list. Take one or two off or add them to a secondary list. Then add the day’s top percent gainers with a catalyst and volume.

Frequently Asked Questions About Penny Stock Lists

Studying my watchlist is a good start, but you need to learn…

How to Create Your Own Penny Stocks List

Whether you call it a penny stocks list or a watchlist, the process is the same. It’s not difficult but you might find it time consuming in the beginning. Go through the process described below. Like everything else in life, with practice and experience it will get easier.

How Can You Create Your Own Watchlist?

Start by looking for big percent gainers. For two decades, big percent gains have been my #1 criteria. After that, look at trading volume. Focus on high-volume stocks. Finally, try to find the catalyst or reason behind the price action.

Should I Create a Watchlist Every Day?

All serious traders create a daily watchlist. If you’re serious about trading penny stocks, a daily watchlist is essential. No excuses.

Does Tim Sykes Provide a NO-COST Watchlist?

Yes. Subscribe to my weekly penny stock watchlists below.

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For more information and a detailed guide on how to create a watchlist, read “Stock Watchlist Guide: Tips & Examples to Develop Your Own.

How to Use the Top Penny Stocks List Weekly Update

When you read the weekly penny stock list (and the monthly watchlist), don’t think of them as hot picks. Frankly, sometimes they’ll be duds. That’s why it’s called a watchlist. Welcome to penny stocks.

👉🏼 SUBSCRIBE to my NO-COST weekly stock watchlist here.

It all starts with looking for big percent gainers. Try to figure out why I’ve put the stocks on my list. Study so you can help yourself become a self-sufficient trader. Only fools chase hot picks.

Conclusion

Bookmark this post and keep coming back. Every Monday (unless the market’s closed), I update this with my top penny stocks to watch for the week.

Start making your top penny stocks list today. It’s like exercise — at first it’s a little uncomfortable. But the more you do it, the easier it becomes. Review the steps to create your own watchlist above

What do you think about this penny stocks list? Comment below, I love to hear from all my readers! 

The post Top Penny Stocks List: May 16, 2022 appeared first on Timothy Sykes.

- Timothy Sykes
Why I Traded AMC

Listen up, people! This market is special …

And I mean that in the best way possible. But the truth is, trading’s been tough.

Don’t feel bad if you’re struggling.

Over the past two weeks, I profited $1,837. That isn’t a lot for me.

To put it in perspective, during the same time last year I profited $22,811

If you’re disappointed with your current results — don’t beat yourself up. I’ve been doing this for 20+ years and even I’m underperforming.

It’s because of the overall markets. They’re getting slammed right now. Take a look at the S&P 500 ETF Trust (NYSE: SPY), it’s down 16% since the start of the year…

SPY chart 1-year, 1-day candle (Source: StocksToTrade)

But there’s hope for us yet!

By looking carefully, I’ve been able to find volatility in the market. Keep reading, I’m gonna teach you how…

My AMC Trade

If you’re familiar with my trading, you know I usually like to play OTC penny stocks.

Here’s why … 

But recently, there haven’t been as many opportunities in that niche. So I’ve adapted to follow the volatility.

I’m not worried, OTC runners will come back. It’s just a matter of time.

Learn how to trade these volatile spikers before the sector heats up again.

But while I’m waiting, I can take advantage of other market volatility. Like my AMC Entertainment Holdings, Inc. (NYSE: AMC) trade …

Source: Profit.ly

When I can’t find plays in my favorite niche (OTC penny stocks), I expand my search to listed stocks. Sometimes, I’ll even look for stocks that trade above $5 if that’s where the volatility is.

After minting 20+ millionaire students, I learned that my patterns show up elsewhere in the markets.

I always focused on what I was most comfortable with. But my students have shown me that my strategies are much more versatile than I initially thought.

Take Mark Croock for example. He uses my patterns for options trading.

Or Roland Wolf, he’s always been more comfortable trading listed stocks.

Learn to Trade

There are a bunch of different patterns that traders use.

Here are the ones working for me right now.

But what’s even more important than the patterns is the process I use to trade them.

Once you learn the process, you can apply it to whichever trading pattern you want.

If you’re serious about trading …

Start the journey all my millionaire students took.

Oh, I almost forgot!

I’m going on a live tour with other millionaire traders to answer questions live and in person! Don’t miss out on this learning opportunity. I’m coming to a city near you!

Find all the info right here!

The post Why I Traded AMC appeared first on Timothy Sykes.

- Timothy Sykes
How I’m Preparing For This Market Crash {VIDEO}

People think traders are losing everything in this market. But not me and my top students. There are so many penny stock plays — including multi-day runners and morning panics.

Find out how I’m trading in this market and preparing in case we see max fear and panic…

Here’s what you’ll discover in the video below:

How I’m carefully testing new speculative trade ideas in this market while minimizing my risk. The specific time of day I’m focused on right now (it’s where I’m finding the best action). The two patterns I’m hunting down to find the best “morning panic dip buys.” How traders are getting annihilated in this market and how I’ve been able to doge it, and make money in the process.

Also, I’m getting a lot of questions about my in-person boot camps. We have limited spots left, so get your tickets before they’re gone!

Don’t miss the video below:

YouTube Video

Want to learn the patterns and strategies my millionaire students and I use to profit in any market? Apply to join my Trading Challenge. Students get access to all my archived and live webinars, video lessons, and my chat room.

Was this video helpful? Leave me a comment and let me know! 

The post How I’m Preparing For This Market Crash {VIDEO} appeared first on Timothy Sykes.

- Timothy Sykes
Prepare for a Market Crash

Hey Trader. Tim Here.

Last November, I made a bold call — prepare for a market crash.

Click here if you don’t believe me…

So far, it’s playing out EXACTLY as I predicted.

Market sell-offs tend to cause businesses to make layoffs and traders to lose money…

…so I’m not happy that I was right about it.

My warning was meant to help people prepare for the dangers I saw coming…

Of course, when you nail a call like that, people want to know what’s next.

What are my current thoughts?

Here’s what I think: The price action doesn’t lie. This market is heading lower.

And just like I tried to protect folks back in November, I’ll do my best here.

Before I continue … I must tell you … my FIRST LIVE IN-PERSON event of the year is a few weeks away, and I have another serious prediction to make…

Markets Haven’t Found a Bottom

I don’t care that inflation has supposedly ‘peaked’ or that momentum tech stocks are incredibly cheap.

I’ve said it before and I’ll say it again … price action doesn’t lie.

Check out the daily chart for the Invesco QQQ Trust (NASDAQ: QQQ), which tracks the Nasdaq.

The white trendline shows where the markets hit their lows a few months ago.

What happened when we hit that spot in the last few weeks?

The QQQ traded straight sideways for days … then, it slid further on heavy volume.

Yesterday, we talked about panic buying and capitulation.

This isn’t it.

Volume increased but markets didn’t show signs of a reversal.

Instead, they fell and stayed down. All the folks in the ‘buy the dip’ crowd disappeared.

At some point, indexes will violently bounce back. However, to find a true bottom, markets need to create more panic.

That’s why I cut my position size.

Reduce Position Size

KISS = Keep it simple, stupid.

Reduce your position size.

I talk about this every day for one important reason — to remind myself.

It’s so easy to forget that the market is choppier than it was last year, let alone a few weeks ago.

But remembering this is essential to surviving any difficult market.

Plus, when you see larger price swings, you can get the same profits with a smaller size … simply by looking for better targets.

For example, if a stock that trades for $1.00 typically sees a 10% range, it’ll likely trade between $0.90-$1.10.

Now, let’s say volatility doubles, and the stock now trades in a 20% range, or $0.80-$1.20.

I can achieve the same maximum profit (and loss) by cutting my position size in half and widening my target (and stop-loss) by 2x.

Pretty basic stuff.

But now, I want to let you in on a little secret…

Test the Waters © document.write(new Date().getFullYear()); Millionaire Media, LLC

Markets will return to ‘normal’ at some point.

But when they do, they might look and feel completely different.

That’s why I’m ‘testing the waters’ with tiny trades every day or so.

These tiny trades help me connect with the market to get a feel for the price action.

Plus, it keeps me involved. That way, when the market does turn, I’ll not only sense it — I’ll be able to participate.

Here’s a good example…

2020 and 2021 were the years of SPACs and meme stocks. They provided some of the best long trading opportunities in a long time.

Now, they’re duds.

Additionally, a lot of the high-flying biotech names have taken a hit.

Just look at electric vehicle stocks, or cryptocurrencies, and notice how poorly they’ve traded over the past month.

When we emerge from this downturn, it’s unlikely these former players will be the new front-runners.

That’s why I continue to watch different indicators including:

Relative strength Sector strength Volume Recent news

By no means is this a comprehensive list, but it’s a good place to start.

And let me make one more point…

I don’t need to spend a lot of money to test the waters.

Simulated accounts work just fine. Or, I can trade just a few shares.

There is no reason to take normal positions in these test trades. And frankly, it’s bad risk management if you do.

The goal isn’t to make tons of money off of these trades. It’s to prepare yourself to take advantage when the dust settles and clear trends present themselves.

Tools to Help tim sykes and kyle williams on laptops© document.write(new Date().getFullYear()); Millionaire Media, LLC

I want things to be as simple for traders as possible.

That’s why I want to share a few recommendations…

First, the StocksToTrade Breaking News feature is hands down the best. Analysts curate the news, highlighting opportunities and even pointing out chat pumps.

The second is the StocksToTrade Platform itself. It includes some incredible charting features and scans that quickly and effectively identify trading opportunities.

And lastly, my Supernova Pattern.

This pattern helped me earn my first million dollars. But what’s even cooler is that it identifies stocks and sectors seeing huge interest.

Plus, you learn HOW to trade these for some killer profits.

Do yourself a favor and check it out.

—TIM

The post Prepare for a Market Crash appeared first on Timothy Sykes.

- Timothy Sykes
Turn Panic into Profits

Hey Trader. Tim Here.

Nothing gets traders glued to their televisions like good, old-fashioned fear.

Financial news outlets love to gin up panic to get more eyeballs.

They parade pundits across the screen like the Westminster Dog Show.

Frankly, it’s shameful.

None of them bother to tell you the truth — panic creates opportunity on BOTH SIDES of the tape.

I teach this powerful concept to students early and often.

And right now, I want to show you how to apply it to your trading.

This universal idea works on everything from penny stocks to market indexes.

It’s so powerful that many of my top students are crushing it this year…

Compare these YTD figures to the S&P 500

Here’s what’s interesting about this particular leaderboard.

Jack Kellogg and Kyle, the lead trainers in StocksToTrade’s Breakouts and Breakdowns, trade totally opposite from one another.

Jack’s primarily a long trader while Kyle prefers shorts.

But both of them understand how to use panic when creating trade setups.

It all starts with identifying capitulation.

Pinpointing Panic Tim Sykes prepares for a potential market crash in 2022© document.write(new Date().getFullYear()); Millionaire Media, LLC

Have you ever been in a trade that gets so bad, that you give up, close out the position, and eat the losses?

Now imagine everyone doing that all at once.

That’s what capitulation means.

It’s that point where you get so many sellers (or buyers) at once that there’s no one left to sell (or buy) the stock.

This phenomenon can occur on any type of asset.

Take the SPDR S&P 500 ETF Trust (ARCX: SPY) daily chart for example:

In the last few months, there have been a few capitulation events where stocks bottomed on volume that was more than double the average.

When I say this concept works on any chart, I do mean ANY chart.

Look at how capitulation created a low for the day in Sysorex Inc. (OTC: SYSX), a stock I’ve traded several times in the past few weeks.

The volume in this late morning candlestick was nearly 5x the volume seen the rest of the day — and a bit less than double the volume from the open.

Keep in mind that the SPY chart was a daily chart while this is a 10-minute chart.

And this can work for short plays as well.

Check out how capitulation played out in Better Therapeutics Inc. (NASDAQ: BTTX), a stock that Tim Bohen and StocksToTrade Advisory nailed on the upside.

I think this is incredible…

This stock, which many traders played to the long side, created a clear capitulation top that a short trader could’ve used for a setup.

How many other concepts can you use to trade both sides of the tape?

Creating a Setup trading patterns types© document.write(new Date().getFullYear()); Millionaire Media, LLC

Finding capitulation is fairly straightforward. You can use volume screeners to locate heavy trading in a particular stock.

The screener in our StocksToTrade platform does this incredibly well and allows you to filter tickers based on a stock’s float.

Ideally, you want the trading volume to be 2-3x or more than the average.

Intraday, it should be above the open volume by a significant amount (although it doesn’t necessarily have to be twice as much).

From there, you have two options…

First, you can wait for the next candle, with significantly lower volume, to take a position.

This is what that would look like in the chart above:

The problem is that you need to give the trade enough space to work, which can give you a larger drawdown than you prefer.

Second, you can wait for an obvious reversal after the capitulation moment, then use that as your entry point with the high (or low) as your stop.

Here’s what that would look like on the same chart:

This gives you a more defined setup with a clear risk/reward. However, you won’t always get as much potential profit as you might from a more aggressive entry.

Neither method is better than the other. It comes down to personal preference and context.

For example, if a stock experienced a Supernova pattern, there’s a lot of downside to cover. So, you can afford to wait for a crystal-clear topping signal before shorting the stock.

The Bottom Line

I don’t care who you are or what you trade … you MUST learn to identify and exploit panic.

Warren Buffet did it with Bank of America Corp. (NYSE: BAC) during the credit crisis.

This is how you can put the odds in your favor.

Supernovas are one of the easiest patterns to see this happen.

This single pattern helped me earn my first million.

And it’s a great place to start.

Click here to learn more about Supernova patterns.

 

—TIM

The post Turn Panic into Profits appeared first on Timothy Sykes.

- Timothy Sykes
$2 Million In Profits: Stocks, Crypto, and NFTs {VIDEO}

It’s the two-year anniversary of the 30-Day Bootcamp I made with my millionaire student Matt Monaco. And he’s been in my Trading Challenge for 5 years.

Find out how Matt started with a small account trading stocks. And how he got into crypto and NFTs. This is what’s possible when you build your trading education foundation!

What you’ll learn in this video:

I know the PDT rule sucks, but learn how Matt used it to his advantage… Discover how networking and meeting traders in person can speed up your learning curve — get access to my upcoming conference here. How long it took Matt to build his trading foundation, and how he could’ve sped it up.

Don’t miss all that and more in the video below:

YouTube Video

Ready to be my next millionaire student? If you’re lazy or want to get rich quickly — don’t apply. I don’t want lazy students. Learn the process, mindset, and patterns that all my students and I use…

Apply to join my Trading Challenge today!

Congratulate Matt Monaco on his trading career in a comment below!

The post $2 Million In Profits: Stocks, Crypto, and NFTs {VIDEO} appeared first on Timothy Sykes.