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Shopify TSX:SHOP NYSE:SHOP is one of the most remarkable Canadian growth stories in decades. The white-hot stock had continued its epic climb in early 2021, defyi stanley tumblers ng short-sellers and the laws of gravity en route the $1,800 mark.Shares of Shopify have enjoyed a considerable amount of multiple expansion since the pandemic began. But was such a steep re-valuation of an already expensive stock justified by pandemic tailwinds That the million- stanley cup dollar question. The stock nosebleed-level valuation SHOP stock recently surpassed the 75 times sales mark has made the growth king a high-risk/high stanley mugs -reward proposition. With the analyst bar set so high, the stakes are the highest they ;ve ever been.Of course, Shopify stock will probably never be anything short of ridiculously expensive. That said, I think it unwise to neglect valuation in favour of a stock momentum. Chasing hot stocks can be harmful to your wealth. Even if the evaluation process of high-growth Cstd The 5 Best Canadian Stocks I d Buy With $500 Right Now
What Canadians need now is a rainy day fund. Indeed, it s what our entire country needs. But the average Canadian investor is in a once-in-a-lifetime position to start a portfolio built of dividend stanley cup safety. The reset button has been pushed on the markets. Stocks are as cheap as they ve been in a generation. There are a few ways to play every stock market crisis, so let s take a look.Stick with top-tier names for dividend safetyInvestors would be wise not to try to time the bottom of the market. The situation presented by the spread of COVID-19 is unprecedented, after all. Forget myopia 鈥?the market is not at risk of shorts stanley bottles ightedness so much as blindness. Nevertheless, it seems safe to assume that the markets are sitting on the edge of a cliff.Casual Canadian cannabis investors may be tempted by stanley thermobecher highly diversified indexes. Such stocks certainly have their fans. But this is a stock-picker s market. Indexing is all well and good for a tough, established market in the middle of a bull run. |
