2 Undervalued Canadian Stocks Set for a Strong Recovery [Yahoo! Finance Canada]
Magna International, Inc. (MGA)
Last magna international, inc. earnings: 2/21 05:00 am
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US:NYSE Investor Relations:
magna.com/investors
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Source: Yahoo! Finance Canada
The has surged by more than 19% so far in 2024, making it difficult for value investors to find undervalued opportunities in the Canadian market. Declining interest rates and easing inflationary pressures could be the main reasons for investors' confidence of late, leading to a rally in equities. Despite the broader market rally, however, some fundamentally strong stocks are still attractively priced with the potential for a strong recovery in the coming years. In this article, I'll highlight two such undervalued Canadian stocks you can buy on the dip right now and hold for years to come to expect strong returns on investments. Magna International stock Magna International TSX:MG ) has dived by nearly 24% year to date to currently trade at $59.76 per share with a market cap of $17.1 billion. If you don't know it already, this Aurora-headquartered company primarily focuses on providing automotive components and mobility technology solutions to large automakers globally, includin
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MGA
News
- My 3 Favourite Canadian Stocks to Buy Right Now [Yahoo! Finance Canada]Yahoo! Finance Canada
- Magna Accelerates Hybrid Innovation With First Dedicated Drive System AwardGlobeNewswire
- Auto Part & Accessory Manufacturing Market is Projected to Reach US$ 3879.15 billion by 2034, Growing at a 6.9% CAGR | Fact.MR Report [Yahoo! Finance]Yahoo! Finance
- Germany Automotive Cameras Market Analysis and Forecast 2024-2032, by Type, Technology, Vehicle Type, Application, and Sales Channel - The Market Reached $394.73 Million in 2024 [Yahoo! Finance]Yahoo! Finance
- Are Investors Undervaluing Magna International Inc. (TSE:MG) By 49%? [Yahoo! Finance]Yahoo! Finance
MGA
Earnings
- 11/1/24 - Miss
MGA
Sec Filings
- 11/5/24 - Form 6-K
- 11/1/24 - Form 6-K
- 11/1/24 - Form 6-K
- MGA's page on the SEC website