AUS
NZ
UK
CA
USA
IND
Highlight
- Inflationary pressure is driving up the volatility in the market, with consumers paying higher prices.
- Plus, the delayed interest rate hike, which is expected to happen in March, appears to have caused frazzled investors to move away from growth-led tech stocks.
- Amid these changing market conditions, however, investors can explore the value play.
- While some investors choose to explore value stocks for long-term play, one should ideally research a company’s fundamental and business strengths before parking their funds anywhere.
Inflationary pressure is driving up the volatility in the market, with consumers paying higher prices. Plus, the delayed interest rate hike, which is expected to happen in March, appears to have caused frazzled investors to move away from growth-led tech stocks.
Amid these changing market conditions, however, investors can explore the value play.
On that note, let us discuss two TSX-listed value stocks.
Cielo Waste Solutions Corp (TSXV:CMC)
Cielo Waste Corporation is a Vancouver-based waste management firm engaged in responsible waste diversion practices. The C$ 231-million market cap firm transforms waste into renewable fuels.
Cielo saw its stock close at C$ 0.35 apiece on Friday, almost 79 per cent down from a 52-week high of C$ 1.65 (July 13, 2021). The waste management scrip plummeted by over 52 per cent in the last nine months.
Also read: Barrick Gold (ABX) & Franco (FNV): 2 top TSX gold stocks to watch
FirstService Corporation (TSX: FSV)
Although the Canadian real estate sector is believed to be overvalued, stocks of FirstService have plunged by over 31 per cent since November 25, 2021, when it clocked a 52-week high of US$ 256.01.
First Service stock closed at US$ 175.97 per share on Friday.
The real estate company increased its revenue by 11 per cent year-over-year (YoY) to US$ 856.9 million in the fourth quarter of fiscal 2021.
Bottomline
While some investors choose to explore value stocks for long-term play, one should ideally research a company’s fundamental and business strengths before parking their funds anywhere.
Also read: Air Canada (AC) triples operating revenues in Q4. A cheap stock to buy?
Please note, the above content constitutes a very preliminary observation based on the industry, and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.
