Stock markets are witnessing a recession from recent highs amid concerns about rising bond yields, inflation and a slowing economic recovery. At the end of Tuesday, S & P / TSX Composite Index It was about 3.5% lower than the recent highs. Pullbacks, on the other hand, provide long-term investors with excellent buying opportunities. So, if you’re ready to invest, here are the four top Canadian stocks under $ 15 you can buy right now.
Good food market
Good food market (TSX: FOOD)The online grocery company lost nearly 40% of its share price from its January highs. On the other hand, this amendment provides a good entry point for long-term investors given a healthy growth outlook. The growth of online shopping has created long-term growth potential for the company.
The Goodfood Market is focused on expanding its product offerings, enhancing its last mile delivery capabilities, investing in automation and production growth, and entering new markets to drive growth.In addition, it is affiliated Microsoft Build customized technology solutions to process customer orders in a faster and more cost-effective way. We also recently introduced a new mobile app to increase customer engagement and interaction. In addition to these initiatives, good market conditions could drive the finances of the Good Food Market in the coming quarters.
Well Health Technologies (TSX: WELL) Focus on the acquisition and integration of clinical and digital assets, accelerate their growth and support finance. Through recent acquisitions, revenue and adjusted EBITDA execution rates reached $ 400 million and $ 100 million, respectively. On the other hand, given accessibility and convenience, the company’s finances may continue to rise as the adoption of telemedicine services increases.
Meanwhile, WELL Health is also working on the acquisition of Aware MD and WISP. NS Acquisition of WISP It has the potential to expand its presence in the profitable US healthcare market. Despite a healthy growth outlook, WELL Health has revised its recent highs by about 27% and reduced the multiple of the forward price to an attractive 3.6. Therefore, given its sound growth prospects and attractive assessments, I’m bullish on well health..
The third on my list is HEXO (TSX: HEXO)(NASDAQ: HEXO), Lost more than 80% of its share price from its February highs. The company’s share price seems to have fallen due to sluggish third-quarter performance and fears of dilution due to the provision of new shares of US $ 144.8 million. However, given the expanding cannabis market amid increasing legalization and its strategic acquisitions, this amendment could provide excellent buying opportunities for long-term investors.
HEXO recently acquired Zenabis, 48North Cannabis, and Redecan. These have the potential to be important growth drivers. These acquisitions have expanded HEXO’s product offerings and strengthened its competitiveness. The synergistic effect allows for significant savings and improves HEXO margins. Therefore, despite short-term weaknesses, HEXO can provide excellent long-term returns.
My last choice is Blackberry (TSX: BB)(NYSE: BB)Last week reported strong performance in the second quarter, surpassing analysts’ expectations. Meanwhile, the company’s financial uptrend could continue as spending on cybersecurity increases and exposes it to the fast-growing electric and self-driving car market.
Today, BlackBerry has won the design in 24 of the 25 prominent electric car manufacturers. The company’s IVY platform has the potential to become a major growth driver as vehicle software components grow. The company is also stepping up its product offerings in the cybersecurity and endpoint security markets, which could boost its finances in the coming quarters. Meanwhile, the company has witnessed sharp corrections over the past eight months, trading more than 65% below its January highs. Therefore, given its sound growth prospects, BlackBerry could be a great addition to the portfolio.
This article represents the opinion of a writer who may disagree with the “official” recommendation position of MotleyFool Premium Services or Advisors. We are Motley! Asking investment papers, even our own, can help us think critically about our 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. ..
Teresa Kersten, an employee of Microsoft’s subsidiary LinkedIn, is a member of The Motley Fool’s board of directors. Motley Fool owns a stake in Microsoft and recommends Microsoft. The Motley Fool recommends BlackBerry, Goodfood Market Corp, and HEXO Corp. Fool contributor Rajiv Nanjapla does not have a position in any of the listed stocks.
4 Top Under-$ 15 Canadian Stocks to Buy After Modification
https://www.fool.ca/2021/09/29/4-top-under-15-canadian-stocks-to-buy-after-a-correction/ 4 Top Under-$ 15 Canadian Stocks to Buy After Modification