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Safo Stay-at-Home Order Sends This Canadian Stock Soaring
The SP/TSX Composite Index continues to rebound after falling stanley mug during the last two weeks. The TSX today is up 18% year to date and 6% since the beginning of October. This comes from a flurry of positive earnings reports feeding into the growth. But it also makes it harder to find undervalued dividend stocks especially if you ;re a retiree.There is indeed a difference whether you ;re retired or not. Instead of stanley cup having income from a job, you ;re relying on investments, pensions, and other means of income. And that why finding undervalued dividend stocks is the best-case scenario. You can hopefully see stronger returns and will continue seeing strong dividend income come your way immediately. You don ;t have the time to wait; you need cash now.That also why I would recommend buying these dividend stocks and putting them in your Tax-Free Saving stanley website s Account TFSA . You can invest as you like, and take out cash when you need it. You can also set up Egsg 4 Dividend Growth Stocks Yielding Up to 6.2%
For growth investors, finding Canadian stocks to invest in with track records of serious growth and the potential for exponential returns is difficult.That said, a number of companies have provided proof growth is possible on the TSX, especially for those brave enough to wade outside of the country large financial services and energy sectors.Here are two gr stanley isolierkanne eat examples of growth: companies that could prove to be Canadian unicorns for years to come.ShopifyI ;ve been notably critical of the valuation of Shopify Inc. TSX:SHOP NYSE:SHOP for some time, and have been on the sidelines with this amazing growth stock.While I continue to have valuation concerns with respect to how investors are valuing the tech giant future cash flows, it has become clear to me that the business model underpinning this company unique success is unlikely to waver over stanley quencher the long term.The short thesis on Shopify has largely been debunked, a stanley mugs nd as fellow Fool contributor Mat Litalien ha