Invest in Stocks With $100 or Less: Here's What to Buy - The Motley Fool Canada

Quick Read

Shopify (TSX:SHOP)(NYSE:SHOP), WELL Health (TSX:WELL), and Algonquin Power & Utilities (TSX:AQN)(NYSE:AQN) are some of the best stocks to start building your portfolio for $100 or less.
Why invest in Algonquin Power?
Algonquin Power and Utilities’s low-risk business and predictable cash flows will generate steady growth and income for investors amid all market conditions.
Algonquin Power’s management is confident about its rate base growing at a CAGR (compound annual growth rate) of about 15% over the next five years.
Algonquin Power has raised its dividend at a CAGR of 10%, and its increasing earnings base indicates that it could deliver solid shareholder returns over the next decade.

Invest in Stocks With $100 or Less: Here's What to Buy - The Motley Fool Canada

Buy these stocks for $100 or less to beat the broader market averages by a wide margin over the next decade. Invest in Stocks With $100 or Less: Here’s What to Buy You’re reading a free article with opinions that may differ from The Motley Fool’s premium investing services. Become a Motley Fool member today to, and more. Learn more The steep decline in stocks in 2022 presents an excellent opportunity for new investors to start taking positions in shares for the long term. Also, one doesn’t have to shell out significant cash to begin investing. Investors can start buying stocks with whatever money they have. What might surprise you is how even a tiny investment of $100 per month can become $27,866 in 10 years at an annualized return of 15%. The best stocks to buy with $100 While several TSX stocks are trading cheap, investors should focus on the ones with solid fundamental backing. Shopify (TSX:SHOP)(NYSE:SHOP), WELL Health (TSX:WELL), and Algonquin Power & Utilities (TSX:AQN)(NYSE:AQN) are some of the best stocks to start building your portfolio for $100 or less. While Shopify and WELL Health offer solid growth, Algonquin’s low-risk business adds stability and regular income. Let’s examine why these three stocks could outperform the broader market averages with their returns. Shopify stock costs way less than before Shopify stock plunged, as investors dumped high-growth tech stocks on concerns of an economic slowdown. Further, the tough year-over-year comparisons, reopening of physical retail, and lack of government subsidy weighed on its growth and stock price. Given the selling pressure, Shopify stock fell over 80% from its 52-week high. I see this decline as unwarranted. Shopify is fundamentally strong and is better placed than peers to capitalize on the growing share of e-commerce in the overall retail and shift in selling models towards the omnichannel platform. Its investments in fulfillment and POS (point of sale), expansion of products in new geographic markets, growing adoption of high-value offerings, and partnerships with leading social media will drive its merchant base and financials. While its investments in e-commerce infrastructure will accelerate its growth, Shopify’s valuation attracts. Its forward EV/EBITDA (enterprise value upon sales) ratio of 6.1 is at a five-year low, representing an excellent buying opportunity. WELL Health stock is a buy now WELL Health (TSX:WELL) stock has slumped about 50% in one year. This decline is unjustifiable, especially as the company continues to deliver massive growth and positive EBITDA (earnings before interest, taxes, depreciation, and amortization) over the past several quarters. Its omnichannel healthcare services are gaining ground, reflected through the stellar growth in its omnichannel patient visits (which grew 49% in the last quarter). Further, WELL Health is on track to deliver profitable growth (on a net income basis) in 2022. The strength in its organic sales and accretion from its acquisition provides a solid platform for multi-year growth. Furthermore, the strength in its U.S. business positions it well to deliver robust sales in the coming years. Why invest in Algonquin Power? Algonquin Power and Utilities’s low-risk business and predictable cash flows will generate steady growth and income for investors amid all market conditions. Further, as its earnings are relatively immune to economic situations, adding Algonquin stock to your portfolio will add stability and reduce downside risk. Algonquin Power’s management is confident about its rate base growing at a CAGR (compound annual growth rate) of about 15% over the next five years. A growing rate base will support its earnings and dividend payouts. Algonquin Power has raised its dividend at a CAGR of 10%, and its increasing earnings base indicates that it could deliver solid shareholder returns over the next decade. Its regulated assets, long-term contractual arrangements, growing rate base, and solid dividend payment track record make it a perfect long-term bet.
The Original Article can be found on The Motley Fool Canada

How tech leaders like Shopify are TV-ifying the traditional company meeting - BetaKit - Canadian Startup News

In-house broadcast teams are breathing new life into Zoom fatigue culture. “Lights, camera, action” may not sound like the typical start to your company’s weekly all-hands, but at …

Read more here
How tech leaders like Shopify are TV-ifying the traditional company meeting - BetaKit - Canadian Startup News

Brighton and Hove News » Brighton YouTuber turns pastime to profit - Brighton and Hove News

A Brighton YouTuber is one of a growing number who are turning their passions into profits – and she has spoken about how she did it. Gabriella Lindley created the online home dec …

Read more here
Brighton and Hove News » Brighton YouTuber turns pastime to profit - Brighton and Hove News

FedEx's Shopify Strategy Becomes a Risk As E-Comm Cools - Business Insider

FedEx and UPS are recalibrating their strategies now that the pandemic e-commerce boom is over. The logistics giants are taking different paths when it comes to e-commerce platfor …

Read more here
FedEx's Shopify Strategy Becomes a Risk As E-Comm Cools - Business Insider

8fig Review: Is This The Right Avenue for Securing Funding for Your eCommerce Business? - Startup.info

eCommerce is booming. There are nearly 24 million eCommerce stores across the globe, with more being added every day. So, how can you make your eCommerce store stand out amidst the …

Read more here
8fig Review: Is This The Right Avenue for Securing Funding for Your eCommerce Business? - Startup.info

14 best shopping apps of 2022 - Sprout Social

People love shopping on their phones. In fact, mobile commerce — or m-commerce — is likely to make up nearly half of all US retail m-commerce sales by 2025. With m-commerce on the …

Read more here
14 best shopping apps of 2022 - Sprout Social