2 Canadian Growth Stocks I'd Stash in a TSFA for the Long Run [Yahoo! Finance Canada]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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US:NASDAQ Investor Relations:
investor.mercadolibre.com/investor-relations
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Source: Yahoo! Finance Canada
Quality growth stocks can help investors grow significant wealth over time. Investors need to identify companies that are reporting consistent profits and are part of expanding addressable markets, allowing them to increase sales and cash flow across market cycles. Moreover, you can hold these stocks in a TFSA ( Tax-Free Savings Account ) and generate tax-sheltered gains for life. The TFSA is a popular registered account in Canada that can be used to hold various qualified investments such as stocks, bonds, mutual funds, and exchange-traded funds. ADVERTISEMENT Here are two Canadian growth stocks I'd stash in a TFSA right now. Shopify stock Valued at US$75 billion by market cap, Shopify TSX:SHOP ) stock is down 63% from all-time highs, allowing you to buy the dip. Shares fell roughly 16% in a single trading session after the Canadian e-commerce giant announced its first-quarter (Q1) results. After adjusting for the sale of its logistics business, Shopify's revenue grew by
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MELI
News
- 3 of the Best TSX Stocks to Buy in June [Yahoo! Finance Canada]Yahoo! Finance Canada
- Where Will Shopify Be in 5 Years? [Yahoo! Finance Canada]Yahoo! Finance Canada
- High-Yield Heavyweight: 1 REIT That Packs a Punch [Yahoo! Finance Canada]Yahoo! Finance Canada
- Yes, You Should Buy U.S. Stocks! [Yahoo! Finance Canada]Yahoo! Finance Canada
- How Much to Invest to Get $500 in Dividends Every Month [Yahoo! Finance Canada]Yahoo! Finance Canada
MELI
Earnings
- 5/2/24 - Beat
MELI
Sec Filings
- 6/6/24 - Form 8-K
- 5/24/24 - Form SC
- 5/3/24 - Form 10-Q
- MELI's page on the SEC website