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Three cheap stocks to buy more without hesitation

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The TSX Today, it continues to be a war zone for some businesses. High-tech stocks, cryptocurrencies, and even those affected by e-commerce all seem to be a tailwind. After about two years of growth, Motley Fool investors may be worried about the future of 2022 and whether they have cheap stocks to buy or unexploded ordnance.

But there is good news and bad news. The bad news is that it is unlikely that we will see the tremendous growth seen in 2020 and 2021. On the other hand, the good news is that we are back to normal. Normality isn’t that exciting, but it’s certainly not that dramatic.

As a result, Motley Fool investors have little time to buy cheap stocks. There will be a downturn in the future, but the overall trend will be up. In fact, I’ve looked at my portfolio and now I’ve seen what I can buy at very low prices. These three are at the top of my list.

Shopify

I can’t believe the stock price Shopify (TSX: SHOP)(NYSE: SHOP) Currently trading. At the time of writing, Motley Fool investors can buy Shopify for about $ 1,400. It’s crazy. And it won’t last that long.

Shopify is one of the cheapest stocks affected by the tech industry and e-commerce as a whole.Investors sale Their share of high stocks in favor of safer options. But for me, Shopify is a safe stock that I’ll certainly hold in the long run.

Revenue continues to grow, e-commerce apps thrive, and fulfillment centers and payment programs are independent of external companies, making them gold mines, especially at these prices. Analysts have set a consensus target price of $ 1,965 at the time of writing. This currently represents a potential increase of 40% at the time of writing. I plan to make this one of the cheaper stocks to add to my long-term portfolio and make as many stocks as possible.

Cargo jet

Yes, Shopify is one of the cheapest stocks to consider based on performance But it’s certainly not a stock price. Let’s say you still have some cash left after investing in Shopify. Motley Fool investors should consider winning their next e-commerce. Cargo jet (TSX: CJT)..

Cargojet soared in a pandemic and shipped products throughout North America, leaving it as one of the few companies to remain open and prosperous. It worked so well that we added new destinations and recently reaffirmed that we will be the major transportation partners of the two major logistics companies.

Still, Cargojet is certainly one of the cheapest stocks to consider. It is currently trading at $ 158 and analysts have set a target estimate of $ 250. This is a potential increase of 59% at the time of writing! Even if the pandemic is rampant, it’s a solid income. So yes, I’ll add some, thank you!

Royal Bank

Well, just because there are some cheap stocks out there doesn’t mean you should ignore heavy hitters.For that I still consider adding Royal Bank of Canada (TSX: RY)(NYSE: RY) In your portfolio, and I’m going to do the same. That’s because it’s a solid bank that has rebounded, not just immediately. March 2020 It crashes, but after all the crashes over the last few decades, it’s all within a year of the crash.

It’s the safe bet I want in my corner. Still, despite reaching record highs, it continues to trade cheaply with 12.87 times more profit. In addition, the yield at the time of writing was 3.39% and the annual dividend was raised to $ 4.80 per share. In addition, analysts believe it is likely to be pumped up again to make up for the time lost during the pandemic.

Banks will probably work as interest rates and inflation rise. And frankly, Royal Bank is the biggest. So that’s definitely the first thing I consider. At the time of writing, Motley Fool investors can get it for $ 142 from the cheapest stocks in the banking industry.

Three cheap stocks to buy more without hesitation

https://www.fool.ca/2022/01/15/3-cheap-stocks-im-buying-more-of-with-zero-hesitation/ Three cheap stocks to buy more without hesitation

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