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Ldrr 3 Dividend Stocks to Hold as Inflation Soars
While investors may be nervous about a market crash in this shaky economy, you wouldn ;t know by the performance of the SP/TSX Composite Index this week. It climbed ano stanley kubek ther 77 points on August 6. Instead of betting on a correction, some TSX investors may want to simply ride this red-hot wave. Today, I want to look at three stocks that are scorching right now and could continue this trend to the New Year.TSX investors: This tech stock has been a monster in 2020Back in March, TSX investors were in the throes of some of the fastest descents into a bear market in history. At that time, there was one tech stock that continued to perform well in the face of catastro stanley mug phe. Kinaxis TSX:KXS has carried that momentum well into the late spring and early summer. Its shares have soared 123% in 2020 as of c stanley cup lose on August 6.The company released its second quarter 2020 results on August 5. Total revenue increased 45% from the prior year to $61.4 million. Moreover, adjusted EBITDA climbed 94% Mmyq Why I Wouldn t Touch Shares of Aritzia Inc.
Many investors rely on dividends stocks to provide extra income.Here are the reasons stanley cup why I think Fortis Inc. TSX:FTS and Inter Pipeline Ltd. TSX:IPL are solid picks right now.FortisFortis is a natural gas distribution and electricity-generation company based out of eastern Canada with assets located across the country as well as in the Caribbean and the United States.The company has historically grown through a mix of acqu stanley cups uk isitions and organic developments. Two years ago Fortis spent US$4.5 billion to purchase Arizona-based UNS Energy. Last year the company completed an expansion at its hydroelectric facility in British Columbia.These two assets helped drive 2015 earnings to a record $589 million, or $2.11 per share.Integrating new companies can be a stanley cup challenge, but Fortis appears to have a knack for pulling of big acquisitions, and the latest deal is a whopper.Fortis is spending US$11.3 billion to acquire ITC Holdings Corp., the largest independent pure-play transmission company in |
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