Tag Archive for: Stocks

2 No-Brainer Stocks to Buy Right Now for Less than $100

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The stock market may not have been a happy hunting ground so far this year, but investors shouldn’t forget that buying shares of solid companies is a tried and tested way of enhancing one’s wealth.

The S&P 500, for instance, has averaged annual returns of 13.9% from 2011 through 2020. That’s why investors looking to get started in the stock market — even with a small amount such as $100 — should focus on the bigger picture and consider buying some solid stocks that are trading at relatively attractive valuations following their slide in 2022.

Fortinet (FTNT -0.77%) and Marvell Technology Group (MRVL 1.10%) are two stocks trading under $100 that investors can consider buying right now. Let’s see why.

1. Fortinet

Fortinet provides firewalls, antivirus software, intrusion prevention systems, and other computer security products. So far in 2022, its shares are down nearly 13%  despite the company’s impressive growth. This could be an opportunity for investors to get their hands on this cybersecurity stock at a relatively cheap valuation.

Of course, Fortinet isn’t all that cheap considering that it trades at 82 times earnings and 14 times sales, but the company is growing at a terrific pace to justify that valuation. In the first quarter of 2022, for instance, Fortinet’s revenue shot up 34% year-over-year to $955 million. 

More importantly, its bookings, which refers to the total value of orders it received during the quarter, increased at a faster pace of 50% year-over-year to $1.28 billion. What’s more, Fortinet’s order backlog, which refers to the orders that have been received but not yet fulfilled, shot up to $278 million last quarter from $162 million at the end of 2021.

The growth in these metrics indicates that Fortinet should be able to sustain its fast pace of growth. Not surprisingly, the company expects to finish the year with $4.37 billion in revenue and $5.54 billion in billings. These numbers would translate into top-line growth of 31% and billings growth of 32% compared to 2021.

The prospects of the cybersecurity market suggest that Fortinet could keep growing at a solid pace for years to come. For example, the company’s total addressable market…

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2 Oversold Dividend Stocks to Buy Now for Total Returns By The Motley Fool

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© Reuters RRSP Investors: 2 Oversold Dividend Stocks to Buy Now for Total Returns

The pullback in the is giving self-directed RRSP investors an opportunity to buy some of Canada’s top dividend stocks at undervalued prices. One popular RRSP investing strategy involves buying stocks with growing dividends and using the payouts to acquire new shares. The power of compounding that occurs over time can turn a small initial investment into a significant retirement fund.

Enbridge
Enbridge (TSX:TSX:)(NYSE:ENB) is a giant in the North American energy infrastructure industry with significant networks of oil and pipelines that move 30% of the oil produced in Canada and the United States and 20% of the natural gas used by American homes and businesses.

Enbridge also has natural gas utilities and renewable energy assets to balance out the revenue stream. The odds of getting a major new oil pipeline approved and built are pretty slim these days, but Enbridge has strong development plans across other segments and acquisition opportunities to keep driving revenue and profit growth.

The company is evaluating carbon capture and storage hubs that will leverage its expertise. Enbridge is also taking advantage of the rise in international demand for Canadian and U.S. oil and natural gas. Enbridge purchased a strategic oil export terminal in Texas late last year and recently announced plans to build two new natural gas pipelines to feed liquified natural gas (LNG) sites on the Gulf Coast.

Europe is searching for reliable new LNG sources to replace supplies from Russia, while countries around the globe are switching form oil and coal to natural gas to produce electricity.

Enbridge stock trades near $53.50 at the time of writing compared to more than $59.50 earlier this month. The stock appears oversold and now provides a 6.4% dividend yield.

Telus
TSX:elus (TSX:T)(NYSE:TU) just announced plans to buy LifeWorks for $2.3 billion in a deal that will significantly expand the size of Telus Health, which is already a leading player in the Canadian market for digital health services catering to doctors, hospitals, insurance companies, and employer-provided health plans.

The subsidiary ran under the…

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Retire on AMAZON Stock by 2035 – How Many Shares Do You Need?

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2 Cybersecurity Stocks To Profit From Russia’s War

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Cybersecurity Russia After Global Sanctions

Russia’s Crash Override Has Zero Cool

Great Ones, there are two wars going on right this very second.

The first one we all know about. How could we not? Russia’s invasion of Ukraine is plastered all over every financial and regular news media site in the world right now.

This “hot” war is expected to drastically impact oil and natural gas prices, potentially impact semiconductor production, provide an influx of revenue for defense-contractor companies and generally cause mayhem for the U.S. Federal Reserve.

(Yes, I know there are political and humanitarian impacts as well. It’s war, after all. But this is a financial publication, and I’m not delving into those murky waters here … except to say that I stand firmly with Ukraine.)

What I'd miss keep Greatness flowing meme

But there is a second war that’s about to kick off, and it won’t be limited to Russia or Ukraine’s borders. This war will be a cyberwar, conducted in that “series of tubes” we call the internet.

We all know Russia has a considerable stable of very capable hackers who have hit everything from banks to oil pipelines to national power grids to elections … and everything in between.

You can bet your bottom dollar that Russian hackers are going to go on the offensive after the latest round of anti-war sanctions.

In fact, Wedbush Analyst Dan Ives had this to say over the weekend:

With the historical move by the U.S., Europe, and Canada to remove select Russia banks from the Swift global financial/messaging system and Russian central bank sanctions, we now expect, unfortunately, a significant ramp-up of cyber warfare by Russian nation-state backed organizations over the coming weeks.

U.S. banking institutions and utility companies are already preparing for the worst, with U.S. officials noting that preparations began back in November for “any potential disruptions to our critical infrastructure and possible impacts to individuals and communities.”

Unfortunately, Russia is only one of the cyberwarfare players in this game. Anonymous — remember them? — came out this weekend and declared war on Russia.

Now, if you’ve followed the decentralized, international hacking collective since its 2003 debut, you know Anonymous is just as…

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