5 Undervalued Canadian Stocks to Buy in July 2024

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Hello everyone, I am Daniel Pronk and in today's video we discuss 5 undervalued Canadian stocks.

00:00 - Introduction
01:55 - Stock #1
10:48 - Stock #2
17:07 - Stock #3
22:52 - Stock #4
28:04 - Stock #5

Disclaimer: Before we dive into this discussion, I want to make it clear that I am not a financial advisor, and nothing I say is intended to be a recommendation to buy or sell any financial instrument. All trading and investing activities must comply with the regulations set forth by the Securities and Exchange Commission (SEC). I will never ask you to send me money to trade for you, and if you come across any suspicious emails or fake social media profiles claiming to be me, please report them immediately. Additionally, it's important to remember that there are no guarantees or certainties in trading or investing, and you should never invest money that you can't afford to lose. While my videos may contain affiliate links or sponsorship to products I believe will add value to your life, it's crucial to conduct your own research before making any financial decisions.

[cloudyblaze]

The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies

[Queenbrenda]

What's the best approach to capitalize on the current market conditions? I'm deliberately on whether to diversify my $150k stocks portfolio. What strategy should I employ

[roberttheodoregeorge]

I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024

[E.GCreates]

I recently sold some of my NVDA stock to secure profits, but I'm retaining a portion for the long term. Nvidia's growth potential remains robust. I'm considering diversifying my 6-figure portfolio, but I'm uncertain about managing risks in my next move.

[AlvarezDanuta]

I think the stock market will do well in 2024, so I'm thinking of putting $220, 000 into stocks for my retirement. Any advice on doing this safely? Also, any important tips for the current financial situation?

[BroxsonDeighan]

I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.

[luigigetsu]

My top pick from this video is definetely BAM, top tier management, market cap not outrageous, high dividend growth, 4% dividend yield makes me feel good on top of capital appreciation. It's just great overall.

[quangyung]

The video I was waiting for. I have EQB, GSY and ATD. Let's go! Thx for update.

[BrandonLeeds]

From my observation and historical market pattern, there might be a bit of turbulence in the market coming up, but here's the deal: Trying to guess what's going to happen next is less important than spreading your bets when trading and thinking long term. It's not about guessing the market's next move; it's about playing it smart and steady...managed to grow a nest egg of around 100k to a decent 732k in the space of a few months... I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape...

[BrendaPawlak-eumd]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Michelle Stewart.

[flowtech]

Bam and EQB ..The inly two buys for me in this list

[Peterl]

The most significant lesson I gained from the stock market in 2024 is that uncertainty prevails, emphasizing the importance of humility. Adhering to a long-term strategy with a competitive edge is key

[paolo]

EQB has net loans of about $50 billion with 38.3 million shares outstanding, that's over $1300 per share. With TBV at less than $65 per share, they have roughly 20 times the loans than the bank is worth. The other Canadian banks have roughly 12 times. So if 5% of their loans go into default the bank is wiped out. TD is a much safer investment. I agree with your thoughts about Granite REIT.

[hannor]

Can you make a video, about the whole brookfield family (what companies belong to brookfield, what do they do and what are the best picks for different investors?)

[goldman]

why didnt you consider putting Dollarama stock in this video. it has done really well. I just did a home run with Dollarama and itwill continue to grow even higher.

[michaellfbvr]

Here's a suggestion, I got this idea from you when you reviewed BABA, check out the Chinese stocks their economy has taken a hit but it's only a matter of time before it rebounds. Buy low sell high!

[mostafaibrahimi]

Enbridge and Bell all the way. Best for TFSA

[Thewealthyinvestor-cnsg]

I also found out about granite reit! This one has a lot of potential, especially when interest rates goes down. Clearly undervalued.

[tonywhittle]

ATD The company says the earnings decline was in part from lower gross margins on fuel...love your channel!

[edibleprintstoronto]

Hey! Daniel would you be able to make a video on the top banks and where you see the most value right now thank you 🙏🏼 I am invested in TD right now and I'm feeling a bit stumped thank you!