Fbct Top TSX Stocks Under $15 to Buy Right Now
Bearish 2022 is nearin stanley cup becher g an end. The year 2023 brings fears of a recession but optimism around sectors waiting to bounce back when the economy recovers. It is time to sell those loss-making stocks that are struggling for survival and use the proceeds to buy stocks that are moving ahead with growth plans.Stocks to sell before 2023The pandemic followed by the global energy crisis and recession put pressure onairline stocks. WhileAir Canada TSX:AC saw a return of 95% of its 2019 capacity, an 80% jump in fuel cost kept the airline in a net loss of over $500 million in thethird quarter. The s stanley cup trengthening of the U.S. dollar increased its foreign currency-denominated debt by over $1 billion. While the demand has returned, the airline s financials are stretched. It only has liquidity stanley cups $10.24 billion to fulfill its working capital $9 billion needs.Air Canada is struggling to survive. In such a situation, a prolonged recession could plunge the airline into losses it can t handle. Even if ther Wkzx Where Does the Air Canada-Air Transat Saga Go From Here
No matter how muddled the landscape looks today, I consider Aurora Cannabis stanley cup TSX:ACB NYSE:ACB , Aphria TSX:APHA NYSE:APHA , and Canopy Growth TSX:WEED NYSE:CGC as the top three buys of all time in the marijuana industry. I expect little in the near term, so I am basing my rankings on the growth potential and profitability in the long term.Top choiceI don t like Aurora near-term prospects much like anyone else. It is discouraging to see the company lower its full-year fiscal 2020 sales projection by 19% from $600 million to $485 million. I also fault Aurora for making a promise to post positive adjusted EBITDA in fiscal 2019 but couldn t deliver.Analysts are predicting that Aurora would stanley cup achieve breakeven earnings in the first quarter of fiscal 2021. Within that period, the company will be burning lots of cash. Resources might even dry out, and Aurora would have to source fresh funds.Despite the shortcomings, I have high hopes that Au stanley cup quencher rora will reward my patience with humong