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While the equity markets continue to touch all-time highs, it’s still possible for investors to identify quality stocks trading at a discount and benefit from outsized gains when the macro economy improves.
Today, the majority of the stock market gains are fueled by big tech companies as part of the artificial intelligence megatrend. There are several other companies across sectors trading at a discount to their intrinsic value. Here are two such undervalued gems you should add to your watchlist in March 2024.
Air Canada stock
The airline sector is cyclical, capital-intensive, and wrestles with low margins. After outpacing the markets for most part of the decade prior to COVID-19, several airline stocks were decimated due to the dreaded pandemic.
As governments shut borders, air travel came to a screeching halt, leading to significant losses for airline companies, including Air Canada (TSX:AC). After…
