We have the chance to expand our portfolios as Canadian investors with a number of exceptional domestic firms. But it’s imperative that we expand into other markets. This is due to the possibility that our interests in other areas might be able to partially offset any significant blow that the Canadian economy might ever sustain (such as entering a large recession). Fortunately, Canadians have easy access to the American stock market.
For those who are unaware, the S&P 500 index, which comprises 500 of the biggest American corporations, is tracked by this exchange-traded fund. In general, this is a fantastic choice if you’re looking for a more cautious approach to invest in the US stock market.
Nonetheless, Canadians need to be eager to invest in the United States now since there are so many fantastic businesses there. I’ll talk about two stocks in this post that you ought to buy right now. Dividend and growth investors will find these two choices appealing, respectively.
This is a huge firm, and you probably use its goods more often than you realise. Procter & Gamble is present in a wide range of consumer markets. Among its well-known brands are Gillette, Pampers, Charmin, Tide, Tampax, Old Spice, Febreze, and Crest. Procter & Gamble has over 40 globally recognised brands across its product line.
Among the world’s most spectacular dividend stocks is Procter & Gamble. For the last 67 years, this firm has been able to raise its dividend. Procter & Gamble is the only American corporation with a longer dividend increase streak. With a future dividend yield of 2.51%, the firm offers investors excellent value for their investment.
Canadians should think about purchasing this American-listed stock right now. Keep in mind that I meant “U.S.-listed” rather than “American.” This is due to the fact that, while trading in the United States, the corporation is headquartered in Singapore. This implies that adding this firm to your portfolio might expose it to even more regions.
Sea Limited is divided into three business divisions. This comprises its digital banking, e-commerce, and entertainment services represented by Garena, Shopee, and SeaMoney, respectively. Shopee seems to be the most interesting company category to invest in out of those three. Sea Limited announced a 20.6% growth in e-commerce sales year over year in its second quarter 2023 financial presentation.
I think Shopee has the potential to drive Sea Limited to greater heights in the future as the e-commerce sector expands. Notably, SeaMoney continues to be Sea Limited’s smallest business division. Nonetheless, as of June, it is also Sea Limited’s fastest-growing business division, with sales up 53.4% year over year. Investors ought to monitor this and see how things develop in the long run. It may act as a huge catalyst for the shares of Sea Limited.
The Procter & Gamble Company was not included in the list of the top five stocks our team of analysts, who consistently outperform the market, say investors should purchase in October 2023.
Motley Fool Stock Advisor Canada, an online investing service that has been in operation for almost ten years, is outperforming the TSX by twenty-five percentage points. Additionally, they believe that five equities are now superior values.