Posts

Showing posts from June, 2022

Is there a possibility of Databricks IPO in 2022?

  Despite uncertain market conditions due to rising inflation and higher interest rates, some private companies continue to keep their investors hooked on their initial public offering (IPO) plans. The  IPO market  has performed badly in 2022, and many companies had to delay their public debut plans due to the present condition of the market. However, this does not mean that investors are no longer interested in the IPOs. Highlights: · Databricks explore the concept of “lakehouse” architecture in the cloud. · In August 2021, Databricks said it raised US$ 1.6 billion and achieved a valuation of US$ 38 billion. · Databricks reportedly aims to invest in innovations that can improve and simplify artificial intelligence. Often, potential investors look for the IPO plans of some private companies that were expected to go public this year, including the data analytics company called Databricks. What is Databricks? Databricks explore the concept of “lakehouse” architecture in the...

Growth stocks grabbing investors’ attention (PGW, SCT, RAK: 3 NZX)

  Highlights: Growth stocks are equipped with high-growth potential Rakon posts a record earnings performance for FY22 PGG Wrightson lifts its operating EBITDA guidance for FY22 Growth stocks are those companies that have high-growth potential and are expected to grow their earnings at a relatively faster pace than their peers. These companies often have a high price-to-earnings ratio and continue to grow rapidly, thereby witnessing an increase in their share prices. Further, Best Growth Stocks in NZ are characterised by having more efficient technology than the existing one, thus giving a company an edge over others. With this overview, let us skim through the three NZX-listed growth stocks - Rakon Limited (NZX:RAK), PGG Wrightson Limited (NZX:PGW) and Michael Hill International Limited (NZX:MHJ). Rakon Limited ( NZX:RAK ) Rakon Limited is one of the leading manufacturers of timing solutions and frequency control products across the world, having a market...

Best utility stocks in Canada to buy amid volatility: CU, AQN & FTS

  Utility stocks   can be a useful addition to an investment portfolio to diversify risk and produce stable cash amid current volatility. These stocks might come in handy due to rate-regulated activities and the ability to produce predictable cash flows. Highlights · Utility companies provide necessary services like natural gas distribution and power transmission. · Utility stocks might come in handy due to rate-regulated activities. · Canada’s inflation rate soared to a record high in about 40 years after it increased to 7.7 per cent. Additionally, utility companies’ low-risk operation and solid earnings foundation underpin their dividends and reduce their volatility. Utility companies provide necessary services like natural gas distribution and power transmission. Most of these businesses are well-established, with deep roots in the market. Hence, during times of rising inflation, these companies are expected to continue their business operations as usual. Consumers avail th...

5 Canadian Blue Chip Stocks to buy (CNR, CP, ENB, BNS, and MFC)

Macroeconomic factors like inflation, the Ukraine crisis, rate hikes, increased borrowing costs, etc. continue to broadly impact the global stock markets. In such market situations, equity investors generally prefer safe equities like B luechip stocks to ensure some stability. Canadian National Railway (TSX: CNR), Canadian Pacific (TSX: CP), Enbridge (TSX: ENB), Scotiabank (TSX: BNS) and Manulife Financial (TSX: MFC) are five TSX Bluechip Stocks that can be explored for stable returns in the long term. Now, let us talk about these five TSX bluechip stocks . Canadian National Railway (TSX: CNR) Canadian National announced its plan to invest about C$ 430 million in Ontario this year on Wednesday, June 22, to ensure sustainable growth and improve its capacity to transport of goods via its transcontinental network. Canadian National posted a five per cent surge in revenues in Q1 2022 compared to first quarter of 2021. The railway company also reported increased free cash flow of...

TSX golds stocks to buy amid rising inflation: KNT, YRI & G

  Gold prices normally increase in inflationary settings. Thus, gold stocks could perform well in comparison to other sectors. On Wednesday, the latest report by Statistics Canada revealed that the annual inflation rate spiked to 7.7 per cent in May, marking the fastest rate of rising consumer prices in over four decades. Highlights Amid rising volatility, gold could act as a suitable inflation hedge. The average Canadian’s life is becoming more expensive due to rising inflation. Statistics Canada revealed that the annual inflation rate spiked to 7.7 per cent in May. Gold prices normally increase in inflationary settings. Thus,  Gold stocks  could perform well in comparison to other sectors. On Wednesday, the latest report by Statistics Canada revealed that the annual inflation rate spiked to 7.7 per cent in May, marking the fastest rate of rising consumer prices in over four decades. The average Canadian’s life is becoming more expensive due to the rising gas, food, and ...

5 Canadian utility stocks to buy

  Investors sensitive to risk often look for certain stocks that are less exposed to market fluctuations. Focusing on sectors, for instance, utility, which is less cyclical, can help investors identify such stocks. Besides safeguarding from adverse market situations,  utility stocks  also provide dividend income. Even some Canadian utility companies are providing clean power produced from renewable energy to fuel the green energy transition. Here are  five TSX utility stocks  that investors can look into for stable growth in the long run. TransAlta Corporation (TSX: TA) TransAlta recently rebranded its visual identity, including its logo and tagline, on June 20 to encapsulate its focus on a ‘carbon-neutral future’. The utility company doles out dividends every quarter (C$ 0.05 per share due on July 1). TransAlta reported increased revenue of C$ 735 million in Q1 FY2022, higher than C$ 642 million in the same period a year ago. The power producer significantly im...

WBC, FPH, MEL: 3 blue-chip stocks with dividends creating buzz in 2022

Image
  3 blue-chip stocks with dividends creating buzz in 2022 Highlights: ·          Blue-chip stocks are huge companies with a firm financial footing ·          Westpac Banking to pay 61.0 cps as dividend in June ·          Fisher & Paykel Healthcare Corporation to distribute dividend next month Blue-chip stocks are those large and well-established companies that are known for their sound financial performance. They boast of having consistent earnings and are leaders in their respective sectors. Moreover, these companies are better prepared to pull through rocky market conditions owing to their reliable earnings and stable growth over time. Hence, in this context, let us look at the three NZX-listed blue-chip stocks- Westpac Banking Corporation (NZX:WBC), Meridian Energy Limited (NZX:MEL) and Fisher & Paykel Healthcare Corporation (NZX:FPH). West...

Can these penny stocks also be multi baggers?

Penny stocks also be multi baggers ·          Penny stocks are cheap ·          Investors should look at the Company’s value, growth prospects, rather than share price while investing in penny stocks ·          There are many stocks that are below 1 cent There are many cheap stocks on the NZX. Companies like Blis Technology ( NZX:BLT ), which sells probiotic strain across the globe and is growing very fast, but its share is worth less than 5 cents. Similarly, Promisia Healthcare ( NZX:PHL ), a healthcare company takes the cake at 0.1 c. There are many stocks below 1 cent and many under 10 cents. While penny investing, investors look at a Company’s value and growth prospects rather than its share price. In fact, some of the growing companies fall in this space with their stocks priced at less than NZ$1. Let’s look at five such stocks with good growth potenti...

Look at Top 5 Dividend Stocks On The NZX

Image
  Summary Top 5 Dividend Stocks  are the ones that have a high yield, strong fundamentals and a consistent dividend payment history. Dividends are a steady source of income for the shareholders. ·          Top dividend stocks have good dividend yield ·          Their fundamentals are also strong ·          They have enough cash-reserves to consistently reward their shareholders Dividend Stock  are the ones that have a high yield, strong fundamentals and a consistent dividend payment history. Dividends are a steady source of income for the shareholders. However, the stocks should be picked very carefully. Dividend yields should not be the only consideration, but one should look at stock performance and company’s financials. Let’s look at 5 Top Dividend Stocks on the NZX on the basis of their yield, history and stock performance Australia and ...