Top Stock Picks for Week of July 1, 2024

Fortune
Elon Musk vows Bill Gates will be ‘obliterated’ if he doesn’t stop shorting Tesla
If the Optimus robot somehow catapults Tesla to Musk’s $30 trillion market cap target, bears like the Microsoft cofounder could be wiped out—but that is a big if.
Moneywise
'Warren Buffett knows this': Michael Saylor warns that the US dollar is on track to lose 99.9% of its value
‘Your money in the bank isn't money.’
The Canadian Press
First GST/HST credit payment from 2023 tax returns set to arrive July 5
OTTAWA — The first of four payments from the GST/HST credit is set to hit Canadians’ bank accounts on July 5.
The Motley Fool
TFSA Investors: 2 Great Stocks to Buy in July and Hold Forever
Alimentation Couche-Tard (TSX:ATD) and another great stock are fit to buy in July. The post TFSA Investors: 2 Great Stocks to Buy in July and Hold Forever appeared first on The Motley Fool Canada.
The Motley Fool
2 Canadian Growth Stocks I’d Stash in a TFSA for the Long Run
TFSA investors can consider holding quality growth stocks such as Propel Holdings right now and derive outsized gains in the next five years. The post 2 Canadian Growth Stocks I’d Stash in a TFSA for the Long Run appeared first on The Motley Fool Canada.
The Motley Fool
Lock In a 10.5% Dividend Yield With This Small-Cap Energy Stock
Alvopetro is a small-cap energy stock that offers you a tasty dividend yield of 10.5% in July 2024. Is the dividend stock a good buy? The post Lock In a 10.5% Dividend Yield With This Small-Cap Energy Stock appeared first on The Motley Fool Canada.
Business Insider
Nancy Pelosi disclosed stock market trades made by her husband. He loaded up on AI plays like Nvidia and sold Tesla.
Trading activity by members of Congress has come under scrutiny in recent years, with calls to ban Congress from trading individual stocks.
The Canadian Press
These companies have laid off Canadian workers in 2024
Canadians are continuing to be laid off as part of a wave of job cuts that began in 2023 as companies assessed their operations after the height of the COVID-19 pandemic passed.
Moneywise
Suze Orman says this 1 spending rule is the key to financial security. Are you following it — or ignoring it?
It's an easy rule to follow.
GOBankingRates
Cutting Out These 9 Expenses Will Save Retirees Over $29,000 a Year
Most retirees live on a fixed income, so you're always looking for ways to reduce expenses and save money. This isn't always easy, especially if you're already living with the least amount possible,...
Insider Monkey
Here are the Reasons Why You Should Hold NVIDIA Corporation (NVDA) for the Long Term
Fred Alger Management, an investment management company, released its “Alger Focus Equity Fund” first quarter 2024 investor letter. A copy of the letter can be downloaded here. US markets performed strongly in Q1, with the S&P Index up 10.56%. Class A shares of the fund outperformed the Russell 1000 Growth Index in the quarter. Information […]
Business Insider
Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'
Russia's trade rebounded by nearly 7% last year, while activities in the financial sector and construction grew by 6.6% and 3.6% respectively.
Bloomberg
Bezos to Sell $5 Billion of Amazon as Shares Hit Record High
(Bloomberg) -- Jeff Bezos disclosed a plan to unload 25 million additional shares of Amazon.com Inc. worth $5 billion on the day the stock hit a fresh record.Most Read from BloombergHouse Democrats Consider Demanding Biden Withdraw From RaceBiden Struggles to Contain Mounting Pressure to Drop Out of RaceChina Can End Russia’s War in Ukraine With One Phone Call, Finland SaysUS Allies Say China Is Developing Attack Drones for RussiaZelenskiy Challenges Trump to Reveal Plans for Ending WarThe notic
Reuters
C$ climbs to 8-day high as U.S. data pressures greenback
The Canadian dollar strengthened to its highest level in more than one week against its U.S. counterpart on Wednesday as oil prices rose and economic data added to recent evidence of a slowdown in U.S. activity. The loonie was trading 0.3% higher at 1.3636 to the U.S. dollar, or 73.34 U.S. cents, after touching its strongest intraday level since June 25 at 1.36175. "It is more of a U.S. story than a Canadian one," said Tony Valente, senior FX dealer at AscendantFX.
The Motley Fool
Time to Pounce: 1 Phenomenal TSX Stock That Hasn’t Been This Cheap in a While
TD Bank (TSX:TD) stock is getting historically cheap after sinking close to $76 per share. The post Time to Pounce: 1 Phenomenal TSX Stock That Hasn’t Been This Cheap in a While appeared first on The Motley Fool Canada.
Simply Wall St.
Exploring TSX Dividend Stocks: Why To Avoid Nutrien And Consider One Better Option
In the realm of Canadian dividend stocks, investors often seek stability and steady income. However, a high dividend payout ratio can signal potential risk rather than reward. Companies like Nutrien, with such financial metrics, may warrant caution as their dividends could be unsustainable over the long term.
The Motley Fool
Buy Now, Play Later: 2 Stocks for a Wealthy Retirement
Do you want to build a portfolio for a wealthy retirement? Here are two options that are too hard to ignore that you should buy today. The post Buy Now, Play Later: 2 Stocks for a Wealthy Retirement appeared first on The Motley Fool Canada.
The Motley Fool
Better Buy: Manulife Stock vs. Royal Bank Stock
Manulife Financial (TSX:MFC) and Royal Bank of Canada (TSX:RY) are intriguing TSX financial stocks with room to run. The post Better Buy: Manulife Stock vs. Royal Bank Stock appeared first on The Motley Fool Canada.
SmartAsset
Ask an Advisor: We're 56 With $1.2 Million in Cash and Investments. Can We Afford to Use $60k-$80k Per Year for Retirement?
My wife and I are both 56. We have around $1.2 million saved – approximately $450,000 in company 401(k)s, $650,000 in a managed account, and approximately $70,000 in personal stocks. We also have approximately $22,000 in savings. Our home is worth $700,000 or more and we owe $197,000 with a 3.875% interest rate. Our advisor […] The post Ask an Advisor: We’re 56 With $1.2 Million in Investments and Savings. Can We Afford to Withdraw $60k-$80k Per Year in Retirement? appeared first on SmartReads b
The Motley Fool
TFSA: 3 Top TSX Stocks for Your $7,000 Contribution
These stocks can help investors generate stellar tax-free capital gains and passive income. The post TFSA: 3 Top TSX Stocks for Your $7,000 Contribution appeared first on The Motley Fool Canada.

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Top Stock Picks for Week of July 1, 2024

Latest Stories

Elon Musk vows Bill Gates will be ‘obliterated’ if he doesn’t stop shorting Tesla

'Warren Buffett knows this': Michael Saylor warns that the US dollar is on track to lose 99.9% of its value

First GST/HST credit payment from 2023 tax returns set to arrive July 5

TFSA Investors: 2 Great Stocks to Buy in July and Hold Forever

2 Canadian Growth Stocks I’d Stash in a TFSA for the Long Run

Lock In a 10.5% Dividend Yield With This Small-Cap Energy Stock

Nancy Pelosi disclosed stock market trades made by her husband. He loaded up on AI plays like Nvidia and sold Tesla.

These companies have laid off Canadian workers in 2024

Suze Orman says this 1 spending rule is the key to financial security. Are you following it — or ignoring it?

Cutting Out These 9 Expenses Will Save Retirees Over $29,000 a Year

Here are the Reasons Why You Should Hold NVIDIA Corporation (NVDA) for the Long Term

Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'

Bezos to Sell $5 Billion of Amazon as Shares Hit Record High

C$ climbs to 8-day high as U.S. data pressures greenback

Time to Pounce: 1 Phenomenal TSX Stock That Hasn’t Been This Cheap in a While

Exploring TSX Dividend Stocks: Why To Avoid Nutrien And Consider One Better Option

Buy Now, Play Later: 2 Stocks for a Wealthy Retirement

Better Buy: Manulife Stock vs. Royal Bank Stock

Ask an Advisor: We're 56 With $1.2 Million in Cash and Investments. Can We Afford to Use $60k-$80k Per Year for Retirement?

TFSA: 3 Top TSX Stocks for Your $7,000 Contribution