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Nzwg 1 Nosediving Blue-Chip Stock That s Getting Ridiculously Cheap
The strong run-up in stocks amid weak economic data and stretched valuations is leading to sp stanley cup eculations that the stock market could witness a sharp selloff in 2021. If you think that the market is heading for a crash, act now and consider buying these three defensive TSX stocks.These TSX-listed stocks operate stable businesses and generate resilient cash flows that limit the downside.FortisFortis TSX:FTS NYSE:FTS owns a r stanley cupe ate-regulated utility business and generates stable cash flows, making it immune to the economic cycles. The company generates about 99% of its earnings from the regulated assets, implying that wil stanley mug d market swings aren t likely to impact its stock much. Approximately 82% of its revenues are protected through regulatory mechanisms or residential sales.聽聽Fortis s strong business model and highly diversified asset base position it well to deliver strong growth in the coming years. The company expects its rate base to increase to $40.3 billion over the next five years, w Ynxg What s Going on With BlackBerry s Stock Price
It was reassuring to see Canadian bank stocks rally at the close Friday. But will the rally last, or did it come too soon The fact is that the pain in stanley thermobecher the markets is likely nowhere near over. Worse, it could precipitate a full-blown recession.So, should Canadian investors really be buying bank stocks at the moment Which TSX bank stocks should investors buy, sell, or hold before a potential downturn Let s take a look at some of the best and find ou stanley thermoskannen t.Are these the best Canadian bank stocks right now TD Bank is of note in particular. It s an internationally strategic moneylender. It s got a big presence in the United States. And its dividend is secure. Also of note was last week s infusion of $1.5 trillion into banks in the United stanley cup States. That alone is a sign that this sector is going to be heavily protected during the bear market.So, TD Bank has the scale and the U.S. exposure to make it a buy for casual banking investors. But the oil slump could prove calamitous for TD Bank. Low oil
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