27.09.2024, 21:17
Bcig Air Canada (TSX:AC) Soars While Shopify (TSX:SHOP) Tumbles: What s Happening
When market volatility hits, investors tend to focus on defensive holdings to offset some of that volatility. As great as that strategy sounds, it s only half of the picture. It s also a great time to pick up some truly great stocks at a discount and to drop some underperformers.Time to drop Cineplex Cineplex TSX:CGX is the largest entertainment company in Canada. Up until the pandemic, Cineplex stanley quencher was investing heavily into growth initiatives such as the Rec Room. Incredibly, Cineplex also paid out a handsome monthly dividend at that time.Fast forward to today, and Ci stanley mug neplex no longer offers a dividend. Cinep stanley cup lex remains committed to its Rec Room business, but growth there remains hindered by the pandemic.Cineplex s core movie-and-popcorn business is also limited. Fortunately, theatres are opening with greater capacities, and some people are starting to head back. But will it be enough In the most recent quarter, Cineplex saw revenues surge and traffic numbers increase. That being said, Ihlw New Investors: Embrace the Market Downturn and Start Making Serious Side Income
Billionaire Warren Buffett was busy dur stanley mugg ing the third quarter.The CEO of Berkshire Hathaway聽was busy selling off some of his larger holdings, raising cash to pay for the upcoming acquisition of Precision Castparts. Buffett sold nearly two million shares of Wal-Mart, one of his largest holdings. He also trimmed his position in John Deere and sold most of his聽company position in Chicago Bridge and Iron. Buffett also lightened up on Goldman Sachs, selling 13% of Berkshire stake in the Wall Street banker.Still, Buffett did have some cash available to do some buying. He nearly doubled Berkshire position in Phillips 66 and added to one of his larger positions in IBM.Perhaps most interesting to Canadian investors was Buffett continual bullishness in Suncor Energy Inc. TSX:SU NYSE:SU . stanley thermos Before the t stanley kubek hird quarter, Berkshire owned 23.3 million shares of the energy giant, a stake worth about $815 million. After the quarter was over, Buffett had boosted Berkshire 82
When market volatility hits, investors tend to focus on defensive holdings to offset some of that volatility. As great as that strategy sounds, it s only half of the picture. It s also a great time to pick up some truly great stocks at a discount and to drop some underperformers.Time to drop Cineplex Cineplex TSX:CGX is the largest entertainment company in Canada. Up until the pandemic, Cineplex stanley quencher was investing heavily into growth initiatives such as the Rec Room. Incredibly, Cineplex also paid out a handsome monthly dividend at that time.Fast forward to today, and Ci stanley mug neplex no longer offers a dividend. Cinep stanley cup lex remains committed to its Rec Room business, but growth there remains hindered by the pandemic.Cineplex s core movie-and-popcorn business is also limited. Fortunately, theatres are opening with greater capacities, and some people are starting to head back. But will it be enough In the most recent quarter, Cineplex saw revenues surge and traffic numbers increase. That being said, Ihlw New Investors: Embrace the Market Downturn and Start Making Serious Side Income
Billionaire Warren Buffett was busy dur stanley mugg ing the third quarter.The CEO of Berkshire Hathaway聽was busy selling off some of his larger holdings, raising cash to pay for the upcoming acquisition of Precision Castparts. Buffett sold nearly two million shares of Wal-Mart, one of his largest holdings. He also trimmed his position in John Deere and sold most of his聽company position in Chicago Bridge and Iron. Buffett also lightened up on Goldman Sachs, selling 13% of Berkshire stake in the Wall Street banker.Still, Buffett did have some cash available to do some buying. He nearly doubled Berkshire position in Phillips 66 and added to one of his larger positions in IBM.Perhaps most interesting to Canadian investors was Buffett continual bullishness in Suncor Energy Inc. TSX:SU NYSE:SU . stanley thermos Before the t stanley kubek hird quarter, Berkshire owned 23.3 million shares of the energy giant, a stake worth about $815 million. After the quarter was over, Buffett had boosted Berkshire 82