Kafk No Time to Invest 3 Simple Canadian ETFs to Buy Now!
Canadian investors have dealt with
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high levels of volatility over the past several weeks. The uncertainty surrounding the new COVID variant has been a major reason for the recent price swings in the market. And since it s not looking like we re anywhere near past this pandemic, I wouldn t bank on the volatility slowing down just yet.But just because the market is volatile doesn t mean it s not an opportunistic time to go shopping. Even amid all the volatility as of late, it s been an incredibly strong year for the market in 2021. The SP/TSX Composite Index is up just about 20% on the year
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.聽The Canadian market may be soaring, but investors need to be wary of valuation today. Many companies on the TSX are trading at very expensive valuations, which is another
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contributing factor to the market s recent volatility.With that in mind, I m looking to add a couple of undervalued defensive companies to my portfolio this month. My portfolio skews towards high-growth tech stocks, so I ve had Mwgs Keep Clear of Cameco (TSX:CCO) and Avoid the Poor Outlook for Uranium
Air Canada TSX:AC , as well as many other U.S. airlines, have been a hot commodity among speculative retail investors. They have a strong desire to punch their ticket to outsized near-term gains, as the world recovers from the coronavirus crisis.Indeed, the range of possibilities is ridiculously wide for the airline industry.While a favourable liquidity position and muted
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cash burn rate of a more financially flexibility airline like Air Canada improves the chances of surviving what Charlie Munger has referred to as a coronavirus typhoon, a bear-c
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ase scenario with this pandemic, I believe, leaves airline investors at risk of losing their shirts.Are the odds of a name like Air Canada going under high Given some pundits are pointing to a vaccine at some point in 2021, with a potential return to semi- normalcy in the cards in the latter half of 2021, I ;d say the odds of Air Canada stock falling to $0 is pretty low, especially after the airline 82
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