edna Which of These Canadian Tech Stocks Is Worth the High Price Tag
Nesn Is Shopify (TSX:SHOP) Stock a Good Buy at Over $400 a ShareThe SP/TSX Composite Index lost an average of 1.86% in the last two trading days, and the 464-point drop on April 23, 2022, was its poorest showing in three months. It was a horrendous closing, with all 11 primary sectors in the red. As such, Canada s primary stock market exchange is back in negative territory, despite the energy sector s more than 40% year-to-date gain.Central banks are battling soaring inflation, the worst enemy today. U.S. Federal Reserve Chairma stanley shop n Jerome Powell said,It is appropriate in my view to be moving a little more quickly to raise interest rates.The Bank of Canada s second hike on April 13, 2022, was 50 basis points, but many economists expect astanley mug goliath increase come June 1, 2022.Technology continues to be the worst-performing sector following news that aggressive rate hikes are next. Sector leader Shopify is down over 66% year to date. How stanley cup ever, despite its bargain price, a recovery might take longer. Meanwhile, investors can set their sights on twoIvhu Inter Pipeline (TSX:IPL) Is Still on Brookfield s Radar
In Canada, some very high-yielding dividends can be found in the energ stanley cup y sector. In fact, five out of the biggest 6 dividend yields in the SP/TSX 60 index are energy companies.But you should resist the temptation of these big dividend stocks. Instead, if you re looking to bet on energy, you should go with a proven performer. On that note, below we show why industry giant Suncor Energy Inc.TSX: SUNYSE: SUis a much better option than these other big yielders.Suncor: a strong performerAt first glance, Suncor might not seemstanley thermobecher like a great investment option. Despite a recent dividend hike, the stock still yields less than 3%. But there are some things to like about the company.First of all, Suncor has a lot of experience in the oil sands, and investors have benefited greatly. Over the past 15 years, its shares have returned a respectable 13% per year. Or put another way, a $10,000 investment in the company 15 years ago would be worth over $60,000stanley bottles today.Secondly, the company has been
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