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The market didn’t end well last week, with markets around the world tumbling in response to several announcements. Whether it was bad news from Big Tech, or lower job growth, investors simply were not happy.
Add in some more negative earnings and a few stocks were seriously damaged. Two of those TSX stocks, however, might now offer an opportunity for higher growth – while also providing a dividend.
So let’s get into why these two at 52-week lows as of writing might be a great buy right away.
Magna stock
Magna International (TSX: MG) presents a compelling investment opportunity at its 52-week low, primarily due to its stable financial performance and attractive valuation metrics. Despite experiencing only marginal growth in sales, which were $11 billion for Q2 2024, the company managed to pay $134 million in dividends during the quarter indicating strong cash flow management and a commitment to…
