3 Canadian stock to own in Feb 2022 Feb 1st

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3 Canadian stock to own in Feb 2022

– canadiancapitalist.com

Many popular growth stocks have fallen more than 20 percent or more over the past few weeks. However, assuming a company’s business is intact, volatility over the short term could turn into long-term wealth if investors keep a level head.

If you’re trying to take advantage of this drop with some cash on the side, I will be going over three Canadian growth stocks that are the most likely to bounce back and these growth/ dividend stocks have the potential to deliver significant upside if you are a long-term investor.
Shopify (SHOP.TO)
One of the best Canadian growth stocks to buy over the last few years has been Shopify. And now, after it’s sold off significantly and is currently trading 50% off its 52-week high, the stock certainly looks like it could be undervalued. Looking at several metrics, it’s clear that Shopify hasn’t been this cheap since the pandemic began.
The company’s trailing price-to-sales (P/S) ratio is below 20 times for the first time since March 2020…

Continue Reading On canadiancapitalist.com »

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