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Canadian bank stocks took a beating in recent month stanley cup s amid rising recession fears. Investors who missed the big rally in financial stocks after the pandemic market crash are wondering if this is a good time to add TD TSX:TD or Royal Bank TSX:RY to their Tax-Free Savings Account TFSA and Retirement Savings Plan RRSP portfolios.TDTD trades for $86 per share at the time of writing compared to $109 back in February. This is a significant pullback considering the company is on track to top 2021 earnings in 2022 and is sitting on significant cash reserves that will enable TD to ride out a downturn. The stanley uk shares currently trade for a reasonable 11 times trailing 12-month earnings. TD is making two significant investments in the United States to drive future growth. The bank is buying First Horizon, a retail bank, for US$13.4 billion. It a move that makes sense as the roughly 400 branches that will be added to the TD current operations are located in stanley cup the southeastern part Mwog Here s the Next Stock I m Going to Buy
Shares of Valeant Pharmaceuticals Intl Inc. TSX:VRX NYSE:VRX have been in an absolute free fall lately.Since rising to almost $320 per share in mid-September on the Toronto Stock Exchange, shares hav stanley cup e fallen nearly $200 per share each, or almost 60%. That a huge drop for stanley cup a company that was so big and popular that it temporarily replaced Royal Bank as Canada largest company by market cap.So, what happened How does a stock that big fall by 60% in just over a month One word 8230;fra stanley cup udA company called Citron Research published a scathing report on Valeant, alleging the company was a massive fraud.Essentially, the story goes something like this. According to the report from Citron, Valeant used a specialty company called RO Pharmacy to distribute some of its drugs. It sold the drugs to the pharmacy, which in turn sold them to customers and was reimbursed by the customers ; insurance companies.聽RO is owned by a company called聽Philidor, which Valeant owns a