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qzgr Have $5,000 in TFSA Cash to Invest 2 Stocks to Fatten Up Your Wallet - Charlestevob - 23.09.2024
Rbbi 2 Top Dividend Stocks to Buy Today
The SP/TSX Composite Index got off to a poor start this week, down about 2% on Monday. Inflation, interest rates, and slower earnings reports have all weighed heavily on the TSX today. While we ;ll have to wait and see if more drops are coming this week, we can at least look out for a few things.Global markets fallThe COVID outbreak in China continued to w stanley cup eigh on the markets on Monday, leading to fears over how North American and European markets would react. Rightly so, as the markets across the world fell over fear of increasing inflation.Meanwhile, crude oil prices also fell due to virus-related restrictions in China. In fact, there was an increase in lockdowns in the country, leading to analysts slashing forecasts for the country gross domestic product GDP .Earnings to watchS stanley cup everal Canadian companies report earnings on Tuesday, but most will likely be interested in Air Canada TSX:AC . The ai stanley cup becher rline company is set to report before market open, with a consensus earn Kflo Why Hut 8 Mining (TSX:HUT) Stock Soared 75% in August
The rout in the energy market has really hammered Canadian oil and gas companies, and some of the former dividend favourites have been hit the hardest.Baytex Energy Corp. TSX:BTE NYSE: stanley cup BTE used to be one of the sector s dividend darlings, but the world has changed dramatically in the past year and investors who follow the name are still looking at the magnitude of the slide an stanley water bottle d shaking their heads in disbelief.A 90% haircutBaytex has lost more than 90% of its valuation in the past 14 months. That s a scary slide, and it shows just how brutal the oil rout has been for companies that loaded up their balance sheets with debt.Back in June 2014 stanley bottles , Baytex closed its $2.8 billion acquisition of Aurora Oil Gas Limited to much fanfare as investors cheered a 9% dividend increase. The management team patted itself on the back for securing prime property in the hot Eagle Ford shale play.The jubilation was warranted at the time as WTI oil traded for $100 per barrel.Unfortunately, the deal was