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Sigu 2 Beaten-Up Dividend-Growth Stocks With Strong Upside
Financial stocks generally trend higher when interest rates are rising. Unfortunately, Canadian bank stocks, especially the stanley cup big banks, failed to deliver in 2023 amid with rising rates. The stock performances were below par because the provision for credit losses PCLs spiked instead of earnings.The Bank of Canada s aggressive rate-hike campaign since March 2022 was a bane to financial institutions and bad news for consumers. Borrowing costs have risen very high, while loan activity and demand have reduced significantly. Some market analysts warn homeowners have yet to feel the impact of higher mortgage costs.The winning bank stock is stanley website not even a Big Six bank regarding year-to-date performances. All the giant lenders, from Royal Bank of Canada to National Bank of Canada TSX:NA , are in negative territory. Meanwhile, Canadian Western Bank TSX:CWB defies the downtrend. The mid-cap bank stock outperforms the financial sector -3.79% and the TSX stanley cups +0.40% with its 20.73% gain. 聽聽Winning Ehcs WARNING: I Just Sold This Canadian Stock and I m Not Looking Back
Volatile oil prices make energy stocks, including Parex Resources Inc. TSX:PXT and Spartan Energy Corp. TSX:SPE , volatile, too. Is it a good time to buy some shares Parex Resources Parex Resources is an oil and gas exploration company that operates in Colombia in South America. As of 2016 it had wells in various stages, including seven exploration wells, four appraisal wells, and six development wells.Exploration drilling is performed to find prospects for oil and gas. Appraisal dril stanley becher ling is d stanley thermos mug one to determine the quality and quantity of newly found oil and gas wells. Develo stanley thermoskannen pment drilling is done to harvest oil and gas.This year, Parex Resources anticipates doubling its development wells to 12, while keeping the funnel full. The company expects to have 14 exploration prospects and 15-20 appraisal wells. These projects will require capital spending of US$200-225 million an increase of about 90% from last year.In turn, Parex Resources expects production to grow 14-21% from 29,7