Tnse 3 Dividend King Stocks That Could Crush It in August!
The Toronto stock market has been walking the red line, falling 14.4% after making a new high in April 2022. The correction came as the central bank began tightening monetary policies to pull back excess liquidity from fiscal stimulus. The Canadian market resisted significant dips from the Fed s first two interest rate hikes between March and May. But the 75-basis-point hike in June sent an uproar in global markets, and the TSX Composite Index fell 3.1% in a day. This selloff pushed a str stanley cup ong REIT into the oversold category, creating an opportunity for dividend seekers to buy in bulk and lock in a 7% yield.聽The oversold divide stanley cup nd stockThe June聽market correction has put many stocks in deep red stanley canada , but not all dividend stocks have hit the oversold category. One Canadian聽REIT聽that has proved its mettle in the 2009 Financial crisis and the 2020 pandemic crisis is again sailing the troubled waters.聽SmartCentres REIT聽 TSX:SRU.UN dipped 20% since April 20, when the market correction began. The se Tlio Analysts Are Getting More Bullish on BMO Stock, and You Should, Too
Over the past couple of months, we have seen a major divergence in TSX stocks. Consumer discretionary and other TSX growth stocks such as hospitality have lagged, while defensive investments and blue chips have fared better.Some stocks, such as Shopify, have even seen a major increase in business due to the shutdown of the economy across Canada.One stock in the health and wellness industry that has performed exceptionally well throughout this crisis is Jamieson Wellness Inc TS water bottle stanley X:JWEL .Jamieson Wellness is a $1.3 billion company today and a top long-term investment for Canadians.The company has the leading consumer health brand in Canada and has been growing it on a global scale. Founded in 1922, the c stanley taza ompany is nearly 100 years old and has leveraged its track record and expertise to grow to the impressive business it is today.In-house manufacturing and efficient logistics make its operations highly scalable. That stanley cup scale, coupled with its explosive growth, is what makes it such a top TSX |
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