• Best Stocks to Buy in 2023 – Top 10

    Best stocks to buy: Buying stocks remains one of the most profitable investments on the stock market. By diversifying your portfolios, you can maximize your income provided you choose the best securities. In which stocks to invest on the stock market and how to find the best stocks to buy today? Here is our complete guide.

    Top 10 Best Stocks to Buy in 2023

    Amazon
    netflix
    Apple
    Microsoft
    Liquid air
    Engie
    AXA
    LVMH
    Sanofi
    Schneider-Electric

    How to Choose the Best Stocks to Buy?

    Be based on fundamental analyses: To select the best stocks to buy, you will have to privilege stocks which present solid fundamental analyses. It is a way to discover the potential of the company, the possible increase in the share price and the forecasts of the analysts.

    Check the growth of the company: A company of good value is a company of good growth over the long term. It is therefore necessary to check the progression of the company’s turnover and its net earnings per share over a period of 5 years.

    Analyze the price history: Analyzing the price of a stock is also an essential step when choosing the best stocks to invest. To do this, view the charts using the various technical trading tools like the RSI or MACD indicators. This will allow you to predict price fluctuations.

    List of Online Brokers to Buy the Best Stocks

    1. AvaTrade – Best Stocks Platform for Beginner
    2. DEGIRO – Stock & ETF Broker with Best Commissions
    3. XTB – Broker with 0% Commission on Shares
    4. SicavOnline – Best Life Insurance ETF with 500€ Offered*
    5. Boursorama Bourse

    6.eToro

    1. IG Markets

    8.Trade Republic

    1. Saxo Bank
    2. Amundi Stock Exchange
    3. Interactive Brokers
    4. Fortuneo
    5. BforBank Stock Exchange

    3 Tips for Investing in the Best Stocks to Buy

    Define your budget well: The choice of the action on which to invest depends mainly on your budget. Before investing in the best stocks, first make a summary of your financial situation while taking into account the price of the stock that interests you.

    Diversify your investments: There is a wide choice of best stocks you can invest in. So, try as much as possible to diversify your investments across different sectors. This will prevent you from relying on the evolution of the price of a single asset and reduce the risk of the investment.

    Limit fees: Online brokers offer different conditions for buying stocks. In order to minimize the costs related to your investment, select a secure platform with attractive trading conditions.

  • Watch: Tesla, Alimentation Couche-Tard and Alithya

    What to do with the securities of Tesla, Alimentation Couche-Tard and Alithya? Here are some analyst recommendations that could move prices soon. Note: the author may have a totally different opinion from that expressed by the analysts.

    Tesla (TSLA, $251.60): Wedbush analyst raises one-year price target to $300
    Wedbush analyst Daniel Ives raised his one-year price target for electric vehicle maker Tesla to US$300 from US$215.

    “The sum of the parts comes into play at Tesla, with its network of superchargers, its energy business, its artificial intelligence technology for autonomous vehicles, its unparalleled battery ecosystem and its ramping up production. This makes Tesla a golden success in the electric car industry, ”says the analyst in a note to his clients.

    He adds that demand for the company’s vehicles is growing strongly in both the United States and China following the numerous price cuts announced in recent months. “Profit margins are stabilizing and should bottom out within a quarter or two,” he said.

    Daniel Ives even added Tesla’s stock to his favorite stocks this morning, as he says financial markets begin to recognize the company’s intrinsic value for 2024 and beyond.

    “Last night, Tesla announced that it would work with General Motors to allow the latter’s vehicles to plug into its charging stations. (Ford did the same two weeks ago, Ed)”, notes the analyst.

    He said that thanks to the agreement with Tesla, owners of electric vehicles manufactured by General Motors will have access to a network of 12,000 supercharger fast charging stations in North America, adding that this same network is still expanding.

    “For Tesla, this is a great opportunity to monetize its network of superchargers, which adds to the valuation of the company. We estimate that Ford and GM could add US$3 billion to Tesla’s charging services division over the next few years.

    The Wedbush analyst says Tesla is also on track to meet its goal of delivering 1.8 million vehicles this year. In his opinion, the company’s profit margins will start to rise again in 2024. He says that Elon Musk’s company has succeeded in building an “electric vehicle castle” and that it will take advantage of this to monetize its success.

  • Dollarama announces net profit of $179.9 million

    Dollarama beats analysts’ expectations for its first quarter of 2024 and reports earnings per share of $0.63, up 28.6% from the same quarter last year and net profit of $179.9 million. dollars ($M)

    The rise in profit was driven by a 20.7% rise in sales to $1.295 billion (B$) compared to $1,073 billion last year and higher same-store sales increased by 17, 1%.

    Earnings before tax, interest and amortization rose 22.1% to $366.3 million, the equivalent of 28.3% of sales, slightly better than the previous quarter when it represented 28% of sales.

    Gross margins remained stable at 42.2% and management expects them to evolve according to its forecasts.

    The company maintained its paused share buyback program in Q1, but expects its capital flows to resume buying common stock for cancellation.

    New stores
    Dollarama doubled the number of store openings with 21 new stores, compared to 10 in Q1 2023. During its earnings conference call, management attributed the increase to the real estate market being more favorable to its objectives than in previous quarters, as well as a ‘to the company’s desire to open new stores earlier in its financial year, without waiting for Q3-Q4, a period during which, historically, it opens the greatest number of stores.

    Management notes that the increase in sales of consumables continues in all product categories.

    To a question from Martin Landry, analyst at Stifel GMP, management replied that it was not considering drastic changes to its ways of doing things and was working in continuity on interesting offers and a shopping experience that meets the expectations of its customers. Nor does it plan to react to the aggressive promotions of its competitors.

  • Laurentian Bank restructures its capital markets division

    Laurentian Bank announced that it was abandoning certain activities of its Capital Markets division, where growth left something to be desired.

    The management of the regional bank decided at the end of May to rationalize the activities of its Capital Markets division, it said on Thursday as part of the unveiling of its second quarter results. In total, the decision affects “less than 20 positions” divided equally between Quebec and Ontario.

    The financial institution declared a charge of 6 million dollars (M$) related to this decision, which should allow recurring annual savings of 5 million $, before tax.

    The reduction is equivalent to less than 10% of the division’s activities, Laurentian President and CEO Rania Llewellyn said during a conference call to discuss the quarterly results. “This is in line with the actions of other peers over the past twelve months.”

    “We want to focus on segments where we can win like fixed income and currencies,” she added. Due to market conditions, and they have been unfavorable for some time, we have made the decision to downsize.”

    The chief financial officer, Yvan Deschamps, underlined that the conditions in the capital markets were difficult. “He has fewer activities on the emissions side. Without a shadow of a doubt, it’s more difficult than last year.”

    The market will experience a recovery, but Yvan Deschamps has called for patience. “We should see that in the next few quarters. The current term takes place during the summer: we should not expect a lot of activity during this period.

    Results above expectations

    Despite a difficult economic environment, Laurentian Bank’s profits fell less than expected.

    The institution’s net profit fell 17% to $49.3 million in the second quarter ended April 30. Adjusted earnings per share were $1.16.

    The board of directors approved a dividend increase of 1 cent to 47 cents per share. This is an increase of 2% compared to the previous quarter and 4% compared to last year.

    Prior to the earnings release, analysts had expected earnings per share of $1.12, according to financial data firm Refinitiv.

    Analyst Mario Mendonca of TD Securities is positive about the results. “The stock is trading at a significant bargain compared to other banks. The gap is 35% compared to the 2024 forecast, compared to an average gap of 13% over the past five years.

    Laurentian shares gained $1.25, or 4.09%, at $31.82 on the Toronto Stock Exchange late Thursday morning.

  • National Bank: decline in net and adjusted results in the 2nd quarter of 2023

    National Bank of Canada suffered a 5% drop in its net income in the second quarter of the current fiscal year, which amounted to $847 million (M$), compared to $889 million in the second quarter. of 2022.

    Diluted earnings per share increased over the same period from $2.53 to $2.38.

    The Montreal-based institution reports that adjusted results were identical year over year to net results.

    The Personal and Business sector enjoyed growth of 14% in one year, to $335 million, while the Wealth Management sector grew by 9% during the same period, to $178 million. In contrast, the Financial Markets sector fell 7% to $268 million.

    National Bank of Canada President and CEO Laurent Ferreira believes that high levels of capital and liquidity and prudent levels of credit loss provisions will continue to support profitable growth and help weather any period. of uncertainty.

    Alongside the release of its financial results, National Bank announced that its board of directors has declared regular dividends on the various series of first preferred shares, as well as a dividend of $1.02 per share. ordinary, up 5 cents or 5%, payable next August 1st.

  • Nvidia Surpasses US$1 Trillion Valuation on Wall Street

    The processor giant Nvidia exceeded Tuesday at the opening of the New York Stock Exchange the bar of one trillion US dollars in market capitalization, driven by the boom in artificial intelligence (AI).

    Around 9:45 a.m., the title of the group from Santa Clara (California) gained 4.87% to US$408.43 after having taken more than 25% last week.

    By reaching US$404.86 at the opening, the action pushed the American manufacturer – initially specializing in graphics cards for video games – into the very closed circle of the five groups with more than one trillion valuations.

    These are Apple, Microsoft, Amazon, Alphabet and Saudi Aramco.

    Founded thirty years ago by Taiwanese-American engineer Jen-Hsun “Jensen” Huang, Nvidia first developed graphics processing units (GPUs) intended to improve the quality of images for gamers.

    These chips have a computing capacity much greater than that of a conventional computer, a potential that quickly interested developers of artificial intelligence, greedy in data processing.

    These processors are a central ingredient in the generative AI revolution, capable of providing the computing hardware needed to stream complex content in seconds from data centers around the world.

    Last week, Nvidia reported better-than-expected results and above all published an astronomical forecast for its second quarter, representing a rise of 64% compared to the same quarter of 2022.

    On Monday at the Computex technology fair in Taiwan, the group presented new products including an artificial intelligence supercomputer platform called DGX GH200 which will interest cloud (remote computing) and AI giants.

    “We are delighted that Google Cloud, Meta and Microsoft are the first companies in the world to have access to it,” said Jensen Huang during a speech in Taiwan.

  • Economic headwinds hurt banks’ quarterly results

    The effects of high inflation and the central bank’s efforts to contain it by slowing the economy were felt in the second quarter results of Canada’s major banks.

    Four of the big five banks posted earnings below expectations as they set aside larger sums of money for bad debts and struggled to contain rising costs. In addition, many have seen their income suffer from slower loan growth.

    CIBC was the lone exception, its results, reported Thursday, coming in better than analysts had expected.

    Although mortgage growth in Canada has slowed sharply, with several banks posting flat results from the previous quarter, attention these days has turned to what is happening with the U.S. operations of banks, on the heels of a few high-profile bank failures.

    Several bank executives spoke of tougher economic conditions, while TD Bank warned of tougher days ahead, saying it no longer expects to meet its medium-term earnings growth target.

    The recent abandonment of TD’s proposed takeover of U.S. bank First Horizon for $13.4 billion (B$) played a key role in reporting results below expectations, but the bank also cited the “deterioration of the macroeconomic environment”.

    TD chief executive Bharat Masrani said in a statement that the bank was navigating an “unpredictable operating environment.” It posted a profit of $3.35 billion for the second quarter, down from $3.81 billion in the same quarter last year.

    Its provisions for credit losses amounted to $599 million, down from just $27 million a year ago.

  • TD Bank Group: decline in net profit in one year in the 2nd quarter, increase in income

    TD Bank Group’s second quarter net income reached $3.351 billion this year, or $1.72 per diluted share, compared to $3.811 billion or $2.07 per diluted share at the same date in fiscal year 2022 .

    Adjusted net income, however, increased over the same period, from $3.714 billion to $3.752 billion. Adjusted diluted earnings per share decreased from $2.02 to $1.94.

    As for total operating revenue, it increased between the quarter ending in April 2022 and the one ending last month, from $11.263 billion to $12.366 billion.

    The provision for credit losses fell from $27 million at April 30, 2022 to $599 million last month.

    During the same period, net income for TD Bank Group’s Canadian Personal and Commercial Banking segment increased 4% to $1.625 million. The rise was measured at 3% for the US Retail sector, to C$1.412 billion.

    TD Bank Group also announced Thursday a dividend of $0.96 per fully paid common share of the Bank’s capital stock for the quarter ending July 31, which will be payable as of that date.

  • BMO: after the purchase of Bank of the West, net profit fell in the 2nd quarter

    BMO Financial Group suffered a significant decline in net income in the second quarter of 2023, which fell in one year from $4.756 billion, or $7.13 per accounting share, to $1.059 billion (B$), or 1 $.30 per accounting action.

    However, over that same one-year period, adjusted net earnings increased from $2.187 billion to $2.216 billion. Adjusted earnings per share fell from $3.23 to $2.93.

    BMO Financial Group recalls that on February 1, it completed the acquisition of Bank of the West and its subsidiaries from BNP Paribas for a cash purchase price of US$13.8 billion.

    In the quarter that ended last month, provision for credit losses was $1.023 billion, compared to $50 million in the second quarter of 2022.

    Concurrent with the release of its results, BMO Financial Group announced a dividend of $1.47 per common share for the third quarter of 2023, up $0.04 from the previous quarter and up $0.08 , or 6%, compared to the previous year.

  • Watch: Lightspeed, BlackBerry and Bombardier

    What to do with titles from Lightspeed, BlackBerry and Bombardier? Here are some analyst recommendations that could move prices soon. Note: the author may have a totally different opinion from that expressed by the analysts.

    Lightspeed (LSPD, $17.50): good quarterly results, but disappointing forecasts
    Point-of-sale and payment solutions provider Lightspeed reported respectable fourth-quarter fiscal 2023 results in the eyes of analyst Martin Toner of ATB Capital Markets.

    For the quarter ended March 31, Lightspeed reported revenue of $184.2 million, in line with analyst consensus forecasts. The loss before interest, taxes and amortization of $4.3M was lower than the expected $7.4M, while the net loss of $74.5M was larger than consensus expected, at 72. $9M.

    “The company reported revenue forecasts of $195M to $200M in the first quarter of its fiscal 2024, while analysts on average expected them to reach $207.4M. The expected loss before interest, taxes and amortization of $10 million is also much higher than the $2.7 million that analysts had expected. The company, however, anticipates adjusted earnings per share at the break-even point, while analysts were forecasting a loss of $0.03”, lists Martin Toner.

    For the full fiscal year 2024, Lightspeed sees revenue of $875M to $900M, while analyst consensus is $895.9M.

    The company has confirmed the launch of its centralized point-of-sale and payment solutions platform. According to her, from now on, “new and existing customers will have to subscribe to a single centralized solution, in which Lightspeed Payments is integrated directly at the point of sale”.

    Company management says this initiative has already launched with retail customers in North America and will expand to customers in the hospitality industry and globally in EMEA and Asia Pacific. during the first two quarters of fiscal year 2024.

    “Lightspeed expects revenue to grow as the year progresses, but the benefits of higher penetration won’t be realized until 2025 and beyond,” Toner said. The latter expects the company to be profitable in its 2025 financial year.

    He reiterates his recommendation of “outperformance” on the title, but lowers his target price over one year, which goes from $55 to $50.