Two Canadian stocks, goeasy and Brookfield Renewable Partners, show strong potential for growth

From Yahoo Finance.: 2024-05-29 11:45:00

The Canadian stock market struggled in 2023 but is up nearly 7% in 2024 so far. Sectors like technology and renewable energy are rebounding well, with deals still available. Two top Canadian stocks poised for growth are goeasy and Brookfield Renewable Partners, showing potential for market-beating returns.

TSX stock #1, goeasy, has soared over 60% in the past year and is poised to return to all-time highs. Despite a 50% pullback in 2022 due to interest rates, the stock is up 260% over the last five years. With potential rate cuts, now is an opportune time to invest in goeasy.

TSX stock #2, Brookfield Renewable Partners, has declined over 30% since the start of 2021 but still outperforms the S&P/TSX Composite Index. Despite the drop, the dividend yield has increased to just under 5%, making it an attractive investment for long-term growth.

Investors looking for quality stocks at discounted prices should consider goeasy and Brookfield Renewable Partners. Take advantage of potential market-beating returns by investing in these stocks now.



Read more at Yahoo Finance.: 2 Soaring Stocks I’d Buy Now With No Hesitation