Shwq This Global Energy ETF Could Be Ready to Take Off
Shopify TSX:SHOP stock soared last week, rising 12% from Monday cl
stanley cups ose to Friday close. The stock second-biggest rally in months, it got people talking. Shopify struggled last year, thanks to extensive central bank interest rate hiking and a series of poor earnings releases. The company, which grew its revenue at 86% year over year in 2020, grew at only 22% last quarter. 22% might sound like a lot of growth, but you n
stanley shop eed to remember that this stock was priced assuming a very long period of growth in excess of 50%. At one point, the stock traded at 60 times sales. 22% growth is good in absolu
stanley cup te terms, but it does not justify such a valuation.Having said that, Shopify is a lot cheaper now than it once was. At today prices, it trades at only 12 times sales, which is honestly still very high, but perhaps not crazy if you assume that SHOP 22% growth can be continued indefinitely. It remains to be seen whether that actually can happen, b Bohz 3 No-Brainer TSX Stocks Under $50
Over the course of the past week, Canada Big Banks announced another quarter of stellar results and even upped their already impressive quarterly dividends.The Big Banks are often seen as a barometer of the overall economy, which appears to be firing on all cylinders. Statistics Canada mirrored the impressive financial results this week by announcing that the economy is growing at a rate of 2.9% in the quarter聽ending June 30, largely fueled by a bump in exports, particularly in the energy sector.Another key measure for the market is home prices, which despite hitting a peak are still at multi-year highs. In fact, the white-hot markets of Toronto and Vancouver ha
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vaso stanley s shoot up so much that many homeowners are effectively millionaires, and first-time buyers are increasingly being shut out of the market due to swelling down payment amounts that are becoming out of reach for ordinary Canadians.Fortunately, there an
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