One of the best Canadian stocks for investors looking for resiliency and growth potential over the past few years has been Shaw Communications (TSX:SJR.B)(NYSE:SJR).
Prior to the announcement of Rogers acquiring Shaw, it was a top stock, because it was a resilient business that was also undervalued. Plus, it offered solid growth potential.
The acquisition may have been slightly shocking, but it’s not surprising. It should help Rogers to grow rapidly and take on BCE to be the largest Canadian telecom stock.
Takeovers are almost always very rewarding for shareholders. Investors usually receive a nice premium, and often you get a choice if the company being acquired isn’t being taken private, such as in this case, since it’s being acquired by Rogers.
So, if you really like the business and believe that the merger or acquisition can add shareholder value, you can stick with the company. Otherwise, you can take the premium payout and enjoy the returns on your investment.
That’s why a s..
Bitcoin price is currently reeling due to a series of rejections above $60,000. After such a powerful impulse upward, technicals are severely overheated and beginning to turn down.
But regardless of any technical-driven selloff that might result, such continued bullish fundamentals in the leading cryptocurrency by market cap could keep prices from going too low, and rebounding quickly even if they do.
Bearish Bitcoin Technicals Hint At First Serious Correction Ahead After six full months of green candles and growth of nearly $10,000 per month during that bullish stretch, the top cryptocurrency is finally starting to pull back from record highs.
With the critical quarterly close just a week away, Bitcoin would need to pump by more than $30,000 to avoid the first ever bearish divergence. Most timeframes below it down to the weekly, are also starting to signal a downturn ahead.
Several technical indicators suggest that Bitcoin should see a correction ahead | Source: BTCUSD on TradingView.com The MACD – a momentum measuring indicator has flipped bearish for the first time in months, while the Stochastic indicator is running out of room within an ascending trendline after spending all of 2021 so far in zone that leaves the cryptocurrency exposed to the risk of a reversal.
Related Reading | Coinbase Bitcoin Outflows Are The Strongest Bullish Signal “Ever”
The weekly Relative Strength Index also lost the uptrend line, and has since confirmed it as resistance, matching the pattern from the 2019 peak.
This is just the tip of the iceberg in terms of bearish signals, but fundamentals are here to save the day.
Why Fundamentals Will Keep The Crypto Bull Market Running Strong There’s no denying that by most technical indicator’s standards, things should be bearish for Bitcoin and could be in terms of price action in the near term. However, fundamentals are simply so strong, that even this heated of technical signals won’t stay that way very long with a decent reset in pr..
In the midst of the recent days’ downtrend, there are still open opportunities for profits in the Ethereum ecosystem. Alpha Finance Lab team has announced its tokenomics with staking rewards for its users and new products based on the Alpha Homora protocol:
ALPHA token holders will benefit from the growth of all Alpha products, which include Alpha Homora (vEthereum), Alpha Homora (vBSC), Alpha Homora (v2), AlphaX, and many more innovative Alpha products that we are working on. ALPHA token holders will be an integral part of the growing multi-chain, Alpha ecosystem.
APLHA token holders will be able to earn “ecosystem-wide rewards” based on the core Protocol. Users will also be able to receive rewards regardless of whether Alpha’s product operates on a Layer 1 or Layer 2 solution.
In the announcement, the Alpha Finance Labs team clarified that stakers will be able to unlock new features and earn more rewards with the different “tiers” they have enabled.
This is one of the very first times that tokenomics is directly integrated with the usage of the core underlying protocols.
Depending on the amount of ALPHA staked, the user will have access to new tiers that will give them access to earn fees from across the entire ecosystem.
ALPHA stakers will also serve as the backbone of the expanding Alpha ecosystem, as the funds staked will help secure the ecosystem in case additional insurance is needed.
Alpha Finance Lab is excited to announce that $ALPHA Tokenomics (staking and more) will be launching in the coming days! 🔥🔥
ALPHA tokenomics makes value accrual not limited to fees collection from the #Alpha ecosystem, but integral to the usage of the core Alpha protocols.
— Alpha Finance Lab (@AlphaFinanceLab) March 23, 2021
Interoperability with Ethereum and Binance Smart Chain One of the benefits of Alpha Homora protocol’s native token is its interoperability in two major DeFi ecosystems. ALPHA is based on Ethereum’s ERC-20 standard and..
Investing from a young age is beneficial, as you give more time for your investments to harness the power of compounding. Your risk-taking ability will be on the higher side during this period allowing you to invest in high-growth stocks to earn superior returns. If there are budgetary constraints, you can make small but regular investments, creating significant wealth over the long term. Meanwhile, if you are ready to start investing in equity markets, here are four high-growth Canadian stocks currently trading below $20.
HEXO Amid the fears of speculative trading, cannabis stocks have witnessed a steep pullback in the last few weeks. Hexo (TSX:HEXO)(NYSE:HEXO) has lost 36.6% of its stock value since hitting a 52-week of $14 on February 10. The correction provides an excellent buying opportunity given the expanding cannabis market amid increased legalization and its growth initiatives.
HEXO is working on acquiring Zenabis Global for $235 million in an all-stock agreement, with the m..
The third iteration of the decentralized exchange Uniswap (v3) has a mainnet deployment date of May 5. The official announcement confirmed a highly anticipated feature, support for the second layer solution Optimism Rollups.
This feature will be enabled at a later date. The official announcement focuses on another “groundbreaking new feature” that the Uniswap Labs team has dubbed Concentrated Liquidity Positions. This will allow users to:
Rather than being required to allocate capital across the entire price spectrum from 0 to infinity, each LP is given full control over what price ranges they wish to provide liquidity to.
Another new feature is multiple fee tiers that will allow liquidity providers (LPs) to receive rewards relative to the amount of risk they take. The third iteration of the decentralized exchange will allow LPs to take advantage of “greater flexibility”.
This will have multiple direct implications for liquidity providers: they will be able to participate with up to 4,000 times more capital efficiency than in Uniswap v2 and earn fees by limit order, according to the official announcement. Therefore, they will receive higher returns, Uniswap Labs’ team said:
Capital efficiency paves the way for low-slippage trade execution that can surpass both centralized exchanges and stablecoin-focused AMMs.
🦄 Today we are thrilled to present a detailed overview of Uniswap v3, the most flexible and capital efficient AMM ever designed!
🏃 Mainnet launch is scheduled for May 5, with a scalable Optimism L2 deployment set to follow soon afterhttps://t.co/NTekDxWVA8
— Uniswap Labs 🦄 (@Uniswap) March 23, 2021
Uniswap v3 introduces license to prevent forks
Researcher for cryptocurrency investment firm Paradigm, Dan Robinson, claimed that Uniswap v3 has the “best DEX (decentralized exchange) design on the planet”. Robinson believes the newly announced features put Uniswap above the competition.
He added that in the future other automated market makers could..
We live in a rapidly changing world. Our societies and technology have probably changed more in the last decade than they did in the previous two decades. And even though we might not want to admit it, this has also transformed our psychological behaviour in many ways.
Most importantly, it has made us relatively more impatient. Unlike our forefathers, who used to take their time getting things done, most people nowadays seek immediate results.
And this translates to our investment habits as well. Many investors nowadays seek rapid growth and try to track the market quite closely, almost like traders.
Investing and buying a home When you decide to become a homeowner, you tend to conduct a lot of research because you want maximum output from minimal input. You might look into houses in several different neighborhoods and shop around for the best mortgage price. After much research and consideration, you might find your ideal fit and buy it.
This is true for both the home you live in ..
This year indeed belongs to the stocks with crazy swings. Some of the stocks saw immense volatility early this year, which was mind-boggling to even seasoned investors. Facedrive (TSXV:FD) stock was part of it. The stock went from close to $2 to $60 in just 15 months. That’s a baffling return of more than 3,000%. Interestingly, investors who timed the markets and entered FD stock at these levels could have made close to a million dollars.
FD stock in 2021 However, Facedrive stock has fallen more than 50% in the last six weeks. A lot of investors must be seeing an opportunity to enter at current levels on the hopes of significant gains. But can it repeat a similar performance again?
Facedrive is mainly a ride-hailing company with several other businesses like food delivery, car leasing, and healthcare. It makes almost three-fourths of its revenues from its ride-hailing business. If you are following the company and its stock, you must be aware that it offers its riders EVs, hybrids al..
Are there enough reasons for investors to bet on Air Canada (TSX:AC) in 2021? Canada’s dominant carrier has agreed in principle to certain conditions in exchange for a potential federal bailout. Restarting the sector is the top priority, although any financial assistance will have strings attached.
The government wants commitments from airline companies to refund passengers for flight cancellations during the pandemic, restore and retain regional routes, and protect jobs. However, Jerry Dias, national president of Unifor, argues that it’s a loan to the industry, not a bailout. Most of the 16,000 Unifor members are on layoff.
While talks of a possible airline bailout are ongoing, the woes of Air Canada remain. Bouncing back from COVID-19’s devastation is uncertain, if not difficult, to establish. Also, the airline company has a new man at the helm. Michael Rousseau, Air Canada’s former CFO, replaced Calin Rovinescu as CEO on February 15, 2021.
No quick fix All parties in the ongoing ..
New Look Vision Group (TSX:BCI) provides eye care products and services in Canada and the United States. It offers prescription eyewear and non-prescription eyewear, contact lenses, sunglasses, protective eyewear, reading glasses, and cleaning products.
Well-respected brand New Look Vision has built a solid reputation among professionals in the eye care industry by establishing and maintaining high operating standards in all of the company’s stores. It has a total of about 700 opticians, 650 optometrists, and 11 ophthalmologists practicing within New Look Vision.
The company owns two modern and complete optical laboratories in Eastern Canada and continues to invest in new equipment using state-of-the-art technologies. Major upgrades to the central lens processing and distribution facility in Montréal were completed in 2016 to accommodate the planned expansion of the store network.
This provided New Look Vision with a significant strategic advantage, as it enabled New Look Vision to ..
In 2021, COVID-19 vaccines are widely available. Four major vaccines have been approved by Health Canada, and 5% of the country has been vaccinated. We’ve seen significant progress. Yet the economic question posed by the vaccine rollout remains. If mass vaccination doesn’t end the COVID-19 pandemic, then trillions of dollars of wealth could be lost. In this article, I’ll explore the economic costs of the COVID-19 pandemic and how vaccines could finally put an end to the damage — if they succeed.
The March 2020 stock market crash cost at least $16 trillion A simple way to illustrate the wealth that has been lost in the COVID-19 pandemic is to look at stock market losses. Stocks are not the economy, but they do represent a sizable share of economic activity. Therefore, they’re a good proxy for economic growth.
In March 2020, global stocks shed $16 trillion in value in under a month — that is, a $16 trillion loss of publicly traded market cap in fewer than 31 days. Later, stocks rebound..