Investor confidence in the stock market is back as 2020 draws to a close. The Toronto Stock Exchange (TSX) wiped out losses from the COVID-19 stock market crash. On December 24, 2020, the index closed at 17623.88, a year-to-date gain of 3.28%. Six of the 11 primary sectors are in positive territory.
The technology sector (+ 59.34%) is the best performer, while the energy sector (-37.33%) rounds the back. Despite the market rebound, some stocks are currently absurdly cheap. You can get them cheaply and add them to your 2021 investment portfolio.
Rogers Sugar (TSX: RSI) reported record Q4 2020 sales after three straight quarters of recession. The $ 601.55 million maple and sugar refiner reported Adjusted EBITDA of $ 31.2 million compared to the comparable quarter in 2020. For fiscal 2020, the figure is 92. $ 3 million, or 5% better than fiscal 2019.
John Holliday, President and CEO of Rogers and Lantic, said: “Our strong performance for fiscal 2020 is a direct result of the efforts of our agile and committed team and our long-term strategic vision to continue building a resilient and successful business.
Although the impact of the global pandemic was severe, Rogers Sugar was able to generate higher revenues, improve margins, and increase free cash flow. The business operated at full capacity throughout the year. Management attributes the higher revenues to the high volume of maple sales.
If you pick up Rogers Sugar at $ 5.81 a share today, the sweetener is the fantastic 6.2% dividend. The company looks forward to fiscal 2021 and expects to deliver another superb performance due to continued and firm demand for its products.
Blackberry (TSX: BB) (NYSE: BB) has yet to gain momentum following its transformation from a smartphone maker to a specialist in security software. The stock price climbed to a high of $ 10.87 in early December, but is down 17% to $ 9.06 as of this writing.
Something big is brewing, however, and BlackBerry might be the best high-growth title you can choose today. A story of turnaround is developing, starting with BlackBerry’s collaboration with Amazon Web Services (AWS) to co-develop and co-market IVY, an intelligent vehicle data platform.
BlackBerry could grow exponentially in the automotive industry if you are patient, especially with connected or self-driving cars. It’s in the early stages, but the benefit is huge. Currently, the company’s intelligent security software and services secure more than half a million terminals, including more than 175,000 cars.
The long trail of growth is visible. Soon, industries such as financial services, healthcare, and manufacturing will make extensive use of BlackBerry cybersecurity and device management solutions. The public sector customer base is also expected to grow.
For now, BlackBerry is launching several firsts. Among them are the Unified Endpoint Security (UES) solution, artificial intelligence technology on user behavior and the new AI-based Mobile Threat Defense (MTD) solution. The company has won design awards with 19 of the top 25 electric vehicle OEM awards for design. Take a position now before the tech stock takes off.
According to a Reuters survey of 20 portfolio managers and strategists, the TSX rally will continue into 2021. They also expect the index to rise nearly 8% to reach 18,400 by the end of the year. If you want to invest, now is the best time.
Speaking of two stocks traded at a good deal today …
This tiny TSX stock could be the next Shopify
A little-known Canadian IPO has doubled in value in just a few months, and famous Canadian stock picker Iain Butler sees a potential millionaire in the wait …
Because he thinks this fast-growing business looks a lot like Shopify, a stock officially recommended by Iain 3 years ago – before it skyrocketed 1211%!
Iain and his team have just published a detailed report on this tiny TSX stock. Find out how you can access the NEXT Shopify today!
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of the board of directors of The Motley Fool. Foolish contributor Christopher Liew has no position in any of the stocks mentioned. David Gardner owns shares of Amazon. The Motley Fool owns stocks and recommends Amazon. The Motley Fool recommends BlackBerry and BlackBerry and recommends the following options: January 2022 long calls at $ 1,920 on Amazon and January 2022 short calls at $ 1,940 on Amazon.