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It is a new month, and it is an opportune time to invest some fresh cash in the market. Stocks are starting to pullback from recent highs, and it could be a great chance to pick up some long-term winners.
Sometimes the best investment opportunities are when stocks in great businesses hit a short-term roadblock and you can buy them at better valuations. If you had $5,000 to deploy today, here are five stocks I’d plow it into.
A transport compounder
TFI International (TSX:TFII) stock has already created lasting wealth for long-term shareholders. This stock is up 315% in the past five years. However, it is down around 10% in the past month. The global freight environment has been very challenged and that has impacted early 2024 results.
Yet, TFI has a lot of levers to pull. It has a solid balance sheet so it can make bargain-priced acquisitions. It has a lot of room to improve and streamline current…
