The market crash has been difficult, but it’s unearthed some incredible bargains. You need a bit of courage, and a lot of patience, but this looks like your best chance to buy high-upside stocks in nearly a decade.
While many stocks will rebound once markets normalize, the biggest opportunities lie with companies targeting multi-decade opportunities. Whether its artificial intelligence, legal marijuana, or rising populations, the TSX stocks below are perfect long-term bets trading at ridiculous valuations.
Buy the market crash
BlackBerry (TSX:BB)(NYSE:BB) stock could be the most lucrative on this list. But first, you need to forget everything you know about this company. It didn’t manufacture a single smartphone last year. Instead, it’s completely focused on developing next-gen security software.
For example, BlackBerry’s Cylance division uses artificial intelligence to detect cyber threats before they even occur. The company’s QNX platform secures connected vehicles from hackers. It’s already deployed in more than 150 million vehicles worldwide. As cars go autonomous, BlackBerry’s software will become critical to manufacturers. That’s why 90% of the top global brands already used the QNX platform.
The market is still ignorant of the business pivot. Since the market crash began, the company’s stock price has shed 40%, pushing the market cap down to $3.2 billion. Yet BlackBerry now has multiple business segments that could eventually be worth more than $10 billion apiece.
Capitalize on pot demand
The legal cannabis market has been a roller coaster. In 2018, pot stocks were doubling and tripling in price. In 2019, the entire market lost more than 50% of its value. The recent market crash has added additional pressures.
Yet pot demand continues to rise year after year. If you want to make a long-term bet, look no further than Cronos Group.
Due to the market crash, many pot producers are facing bankruptcy. But not Cronos. That’s because last year, it secured a multi-billion-dollar cash infusion from tobacco giant Altria Group Inc. It’s now one of the only competitors capable of investing throughout the downturn.
When conditions normalize, Cronos can seize the market share of its defunct competition.
Bet on population growth
Perhaps the biggest growth trend in history has been population growth.
In 1900, the world had 1.6 billion people. By 1950, the population had risen to 2.6 billion. At the start of this century, it passed the six-billion mark. Today, the figure is approaching eight billion. The United Nations expects the global population to continue increasing until at least 2100.
But how do you bet on rising populations? Brookfield Infrastructure Partners is your answer.
Brookfield owns assets that directly benefit from a rise in population. Its portfolio includes highways, ports, pipelines, railroads, cell towers, and more. Since 2013, the stock has delivered double-digit annual gains for shareholders. The market crash has pushed the dividend up to 3.6%.
Brookfield’s strategy isn’t reliant on the near-term economy. This is an opportunity that will last for decades to come. The downturn provides an ideal entry point.
Canadian Stocks to Buy on the Cheap During the Market Crash
Many investors fear market crashes. However, long-term investors should embrace this crash, because bear markets can potentially allow you to make millions. So if you’re tired of reading about other people getting rich in the stock market, this might be a good day for you.
Because Motley Fool Canada is offering a full 65% off the list price of their top stock-picking service, plus a complete membership fee back guarantee on what you pay for the service. Simply click here to discover how you can take advantage of this.
More reading
- Want to Buy the Next Netflix (NASDAQ:NFLX)? This Stock Is Your Best Bet
- Forget Zoom (NASDAQ:ZM): Buy This Cheap Canadian Tech Stock Instead!
- Market Crash: Should You Buy BlackBerry (TSX:BB) at $5?
- Crash 2020: Make Millions Right Now
- BlackBerry Stock Price Beat the TSX in March
The Motley Fool recommends BlackBerry, BlackBerry, BROOKFIELD INFRA PARTNERS LP UNITS, and Brookfield Infrastructure Partners. Fool contributor Ryan Vanzo has no position in any stocks mentioned.
The post Top TSX Stocks to Buy After the Market Crash appeared first on The Motley Fool Canada.
Source: The Fool
Top TSX Stocks to Buy After the Market Crash
The Fool
In all we do, we take a different approach.
We believe – and have proven over decades – that the individual investor can beat the market.
We believe that anyone can do it, even if they don’t have a lot of time or money to devote to investing.
We believe in a long-term outlook, helping people build wealth over time.
We believe that the person best positioned to take care of your financial future is you.
And we work tirelessly on behalf of our hundreds of thousands of members who are enjoying the opportunities that come with having enough money to do the things that matter to them.
While we are headquartered in Alexandria, Va., The Motley Fool advocates for the individual investor around the globe with offices in the UK, Australia, Canada, Singapore, and Germany.
