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In this video, I share 3 popular Canadian TSX stocks that I will NOT be buying! All 3 of these Canadian stocks are far more expensive than they appear, despite some of them being great dividend stocks — and there are several factors that will negatively impact these stocks and their earnings in the near future. The 3 stocks I discuss today are Telus stock (T.TO), Air Canada stock (AC.TO), and Fortis stock (FTS.TO). Why should you AVOID these stocks now? Watch to find out!
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I am not a financial advisor. I create these videos for educational and entertainment purposes only. Before investing, make sure you perform your own research and understand all risks involved!
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Nick Peitsch
#investing #stocks #canada…(read more)
LEARN ABOUT: Investing During Inflation
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Inflation is an economic phenomenon that refers to the sustained increase in the general price level of goods and services in an economy over time. In recent years, the Canadian economy has experienced a steady increase in inflation, currently standing at a 10-year high of 3.7%.
This inflationary trend has had a significant impact on many Canadian stocks, especially those in sectors such as consumer goods, energy, and real estate. These stocks have not only experienced a decline in their market value but also face mounting operational challenges as the cost of doing business continues to rise.
Here are three Canadian stocks that have been significantly impacted by inflationary pressures:
1. Loblaw Companies Limited
Loblaw Companies Limited is the largest Canadian grocery retailer, operating over 2,000 stores across the country. The company has been hit hard by the increase in inflation, as the cost of food and other essential items has risen significantly. Loblaw has been forced to absorb these costs or pass them on to consumers, which has led to a decline in sales and reduced profitability.
2. Canadian Natural Resources Limited
Canadian Natural Resources Limited is one of the largest energy producers in the country, with operations in the oil sands, natural gas, and refining sectors. The company has faced significant operational challenges due to the increase in inflation, as the cost of oil, gas, and other energy inputs has sharply risen. Canadian Natural Resources has been forced to cut back on production, reduce operational costs, and defer investment in new projects.
3. Brookfield Property Partners LP
Brookfield Property Partners LP is a real estate investment trust that owns and operates a portfolio of commercial properties, including office and retail space. The company has been hit hard by the increase in inflation, as the cost of construction, leasing, and maintenance has risen significantly. Brookfield Property Partners has been forced to reduce occupancy rates, cut back on new developments, and restructure its existing properties to remain profitable.
In conclusion, inflation is a significant challenge for Canadian companies across many sectors, and the impact can be felt by both the companies and their investors. The ongoing rise in inflation continues to pose risk and uncertainty in the Canadian economy, making investment in stocks a tricky affair. Nonetheless, careful analysis and risk assessment can help investors identify and take advantage of the opportunities available in the market.
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lmao air canada.
actually banks don't make more because of higher interest rates. They make money through the spread between the interest rates and when you get a inverted interest rate then yea… you get the point. thats why bank shares falling off the cliff
You should mention the stocks you are talking about in the description to avoid people from wasting time.
Or you can be a jackass online to help what has destroyed the internet since the 90s.
Mn.v Dml and PNG are the best Canadian stocks to buy
Interesting. Good video.
Bro you never said how many amzn you have and dollar average?
Interesting….pooping on two defensive stocks (FTS and T) in a recession scenario. Will be interesting to see how that plays out. Utilities and phone bills are essential no matter what the demand environment happens to be.
hahah, do you work for TD Bank?
Great video Nick. Walk through of your analysis is super useful
Just curious what website you used to show the chart of the stocks with the dividend returns factored in? Great video like always!
I much prefer Tesla stock.
Solid video, thank you for sharing. While inflation is causing mass panic in the market, value plays are the way to go for long-term investors which honestly by definition should be anyone who calls them an "investor," otherwise it is essentially gambling. That is neither here nor there. I am doubling down on quality positions for the long-term, TROW, V, JNJ, MDT among others.
Yeah I was not impressed with Telus. It has been a total dead stock to me. I sold it. Might pick it up another time if it dips quite a bit lower from here
I do agree that these 3 are overpriced at this moment, but I wouldn't say that we should avoid them forever. For example, for the debt, I mean every telecom and utilities company all have a high debt, that alone shouldn't prevent you to investing in then if their price were to drop. I have nothing to say about AC, because you nailed it on that one. One thing to note for AC though, regardless of their debt, the government will always bail them out.
There is always something new to learn on Your Videos, Thanks for the info Nick. BTW Can you do a video about renewable energy companies in Canada ?
I gotta say this is terrible advice. Telling people to avoid certain stocks, especially 2 out of 3 on here is not helpful when these stocks are consistent and great for dividends and Telus is one of the most Consistent stocks out there. They have almost always had more debt because of their industry. Fortis would be great because utility prices are going up. A/C has always been a not so great investment, I know people who lost a lot…. this is the only one I feel you may have got right. In todays Market peole are looking for stability and conistency. I am buying Telus under $30 for sure.
I'm a long time holder of both FTS and T. Love both of them. I'd love to buy more. Gonna need them to both drop a bit more in price, however.
Sold Telus and Fortis at a small profit to buy a monthly paying stock with a higher dividend yield. That’s my personal preference. Holding AC until I can sell at a profit.
Thanks for the video Nick!
Always interesting