3 Canadian stocks you’ll want to buy when selling tech
Tech investors are probably feeling pretty good about themselves lately. Even with the recent pullback, tech stocks have exploded in 2020. The pandemic has driven many of those stocks up, but it quickly seemed like it didn’t matter whether or not those actions were linked to the pandemic. But today, many are worried about whether these gains can hold up. Rising interest rates, government liquidity, and ultimately inflation have meant that the strong growth seen in tech stocks may soon come to an end.
But if you’re a long-term investor, you shouldn’t worry about the recent pullback. In fact, it’s a great opportunity to increase your stake in solid businesses. So here we have three great tech stocks to buy right now.
Investors are throwing aside all technology stocks, good or bad. And that includes strong companies with exceptional returns over the past few years and huge growth potential, including Shopify Inc. (TSX: SHOP)(NYSE: SHOP). The company saw a 273% increase between the stock market crash and all-time highs of $ 1,900 per share, but time shares have fallen 28% since that time!
This leaves a perfect buying opportunity for those who want future wins. The company continues to post year-over-year revenue growth that exceeds analyst estimates. It also continues to surprise investors with new initiatives to drive growth. In addition, its distribution centers, Shop Pay and other projects have made it a one-stop shop. It’s no wonder then that recurring subscription revenue continues to explode.
If you were to invest $ 10,000 in Shopify today and see stocks return to all-time highs, that would turn today’s investment into around $ 15,200!
If you want more than one deal then I’ll be behind Real Questions Inc. (TSX: REAL). The company’s software solutions for mortgage and insurance lenders have been a growth driver over the past year. Stocks exploded 137% through August, and since then the stock has lost almost all of those gains.
But long-term investors should see this as an opportunity. The company saw an increase in usage with lower interest rates, with many people renewing their loans at lower rates. This will likely continue for several years with rising interest rates, but it really is a product that will always be a necessity! And with a price-to-delivery (P / B) ratio of 4.6 and a price-to-sales (P / S) ratio of 2.2, this company is a valuable business to have in your portfolio.
Again, if you were to invest $ 10,000 in shares of Real Matters today and see the shares return to all-time highs, that would turn today’s investment into around $ 23,571!
If you’re risk averse, then you’re going to want this technology-Related Stock. WPT industrial REIT (TSX: WIR.UN) supports the growth of the e-commerce industry as a manager of light industrial property. The company has seen its revenues explode with the increase in the use of e-commerce, and this will only continue for the near and distant future.
WPT Industrial shares have already risen 45% last year and offer a dividend yield of 5.05% at the time of writing. Still, its fundamentals are incredible, with a P / N ratio of 1.1 and 7.1 P / S. Long term holders can look forward to years of growth and passive income from this ecommerce stock.
While the stock is near all-time highs, you can still get a slight rebate and see a $ 10,000 investment turn into $ 10,921 once you return to all-time highs.
This article represents the opinion of the author, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We are straight! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer, so we post sometimes articles that may not conform to recommendations, rankings or other content. .
Foolish contributor Amy Legat-Wolfe owns shares of Shopify. Tom gardner owns shares of Shopify. The Motley Fool owns shares and recommends Shopify and Shopify. The Motley Fool recommends Real Matters Inc.