Business & Investment

2 Almost perfect stock to buy in Canada

The Canadian stock market has been strong for most of 2021.Most of Canada’s stock TSX It has continued to gain strong momentum since it recovered from the market downturn in February and March 2020. S & P / TSX Comprehensive Index At the time of writing, it was at the level of 20,705.27, an increase of 18.13% on a year-to-date basis.

With Canada’s benchmark index at or near record highs, growth-seeking investors may find it difficult to identify. High quality equity securities It can continue to provide stellar shareholder interests through capital gains. It is still possible to find high quality growth stocks that still have the potential for upswing.

Today I will discuss two Canadian growth stocks you should have on your radar if you are interested Investing in growth stock..

goeasy

goeasy (TSX: GSY) If you’re looking for a growth stock that also provides you with credible income through shareholder dividends, it’s a great stock to have on your radar. Subprime mortgage companies have consistently achieved excellent top-line and bottom-line growth while providing reliable payments to shareholders.

At the time of writing, the stock was trading at $ 212.04 per share, paying shareholders a dividend yield of 1.25%. GSY inventories have increased by 232% year-on-year, and there is ample room for growth. As the economy continues to grow, the company’s new product launches, channel expansions and strategic acquisitions can be combined with higher credit offtakes to increase revenue.

It may be a good time to buy stock at this price so that you can secure a reasonable dividend yield and profit through significant capital gains.

Litespeed

Litespeed (TSX: LSPD)(NYSE: LSPD) It’s only been on the rise since it went public on TSX just a few years ago. The company faced challenges during the first weeks of the pandemic blockade, as most clients were forced to shut down to curb the COVID-19 epidemic. However, the company rapidly pivoted and offered new services to enable customers to continue their business in a changing business environment.

Omni-channel platform providers are trading at $ 157.01 per share at the time of writing, an increase of nearly 275% over the previous year. The company’s expansion from POS providers to various industries through strategic acquisitions helped the company grow. As Lightspeed continues to expand into new markets, opportunities for further growth are getting better and better for the company.

Despite currently hitting record highs, I believe the stock can offer even more in terms of capital gains and could be an attractive buy at today’s prices. ..

Stupid takeaway

Suppose you are looking for a virtually perfect stock that can continue to provide outstanding shareholder interests through capital gains. In that case, it is possible to find a high quality company that can help you achieve your financial goals.

Lightspeed and goeasy stocks have a reputation for offering exceptional returns.I believe that the strong trends in the industry can continue to provide these companies with the tailwind they need to provide you. Possibility of significant upside..


This article represents the opinion of a writer who may disagree with the “official” recommendation position of the Motley Fool Premium Services or Advisors. We are Motley! Asking investment treatises, even our own treatises, can help you think critically about your investment and make decisions to be smarter, happier, and richer. As a result, we may publish articles that may not match recommendations, rankings, or other content. ..

Stupid contributor Adam Ottoman There are no positions in any of the listed stocks. Motley Fool owns and recommends a stake in Lightspeed POS Inc.

2 Almost perfect stock to buy in Canada

https://www.fool.ca/2021/09/13/2-almost-flawless-stocks-to-buy-in-canada/ 2 Almost perfect stock to buy in Canada

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