3 No-Brainer Stocks to Buy With $200 Right Now

Are you looking to invest $200 in stocks right now? Here are three no-brainer stocks to invest your money in whenever they fall.

| More on:

You don’t need thousands of dollars to start investing in stocks. As and when you have money, you can buy stocks depending on your risk appetite and financial goal. First, make a list of the stocks you want to buy. Make sure the list has a mix of growth and dividend stocks and some riskier stocks. Set a target price range within which you would like to buy these stocks. And when you have liquidity, buy any of the stocks in your list that are trading in your target range. 

Three no-brainer stocks to buy right now

And if none of the shares are within your range, here are three no-brainer stocks you can buy at any time. If you have $200 right now, you might want to consider investing in one or all three as they trade near their 2023 lows. 

Enbridge stock

The oil and gas pipeline operator Enbridge (TSX:ENB) has been in the red throughout the year as the oil price normalized from last year. But the stock took a steeper dip after it announced the acquisition of Dominion Energy’s three gas utility businesses for US$9.4 billion in cash and agreed to take its US$4.6 billion debt. According to analysts, Enbridge is paying a hefty premium for gas utility companies, which offer little growth and stable earnings.

But from Enbridge’s perspective, it is looking to transition from oil to gas to strengthen its base for future dividend growth. Oil is declining as the energy sector is transitioning to low-carbon fuels. The gas utility business could help Enbridge support the slowing dividends from the oil pipeline. Moreover, the acquisition will be immediately accretive to Enbridge’s distributable cash flows, allowing it to maintain its dividend growth. 

Now is a lucrative time to buy Enbridge shares below $47/share and lock in a high dividend yield of 7.6%. 

Bombardier stock

Among the stocks to buy at the dip is the highly volatile business jet maker Bombardier (TSX:BBD.B). The aviation firm is in the middle of a turnaround. The share price has dipped more than 12.5% closer to $46. It may fall further as economic growth weakens and rising interest rates show signs of a recession. Most of its customers are corporates and high-net-worth individuals. They are not affected by inflation, but they are affected by a recession. Weak business conditions could delay orders. But Bombardier has the financial flexibility to withstand lower revenue and losses for two years as it has no significant debt maturing till 2025. 

As for the operations, its aftermarket revenue can keep cash flowing within the company to pay for its expenses. But Bombardier has the potential to revive as the economy recovers and gives more than 50% capital appreciation in a growing economy. BBD.B is a high-risk growth stock you might want to buy and hold for at least four to five years for decent capital appreciation. 

Descartes Systems 

The third no-brainer stock to buy whenever it falls below $99 is Descartes Systems (TSX:DSG). The stock fell over 6% in the last few days as the TSX Composite Index fell over 3%. The stock of the logistics and supply chain management solutions provider moves in tandem with the economy. Growth in trade and consumer demand creates demand for logistics and supply chain solutions, bringing in higher revenue for Descartes. 

The recent dip has nothing to do with Descartes’s fundamentals. Its revenue and earnings continue to grow. Only the growth rate is slowing. Thus, it is a buy when the economy slows and the stock price falls. As the economy revives after a few months, quarters or years, Descartes’s stock will bounce back.

The stock is in a long-term growth trend as it rides the global trade and e-commerce waves. Its end-to-end solutions, from trade intelligence to routing to custom compliance to inventory management, place the Global Logistics Network onto a single platform, bringing convenience and efficiency. Descartes is a stock you would want to buy at the dip and hold for five years or more to get decent capital appreciation.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Puja Tayal has no position in any of the stocks mentioned. The Motley Fool recommends Descartes Systems Group, Dominion Energy, and Enbridge. The Motley Fool has a disclosure policy.

More on Dividend Stocks

Train cars pass over trestle bridge in the mountains
Dividend Stocks

Is CNR Stock a Buy, Sell, or Hold for 2025?

Can CNR stock continue its long-term outperformance into 2025 and beyond? Let's explore whether now is a good time to…

Read more »

coins jump into piggy bank
Dividend Stocks

The Smartest Dividend Stocks to Buy With $500 Right Now

These top dividend stocks both offer attractive yields and trade off their highs, making them two of the best to…

Read more »

Middle aged man drinks coffee
Dividend Stocks

Here’s the Average TFSA Balance at Age 35 in Canada

At age 35, it might not seem like you need to be thinking about your future cash flow. But ideally,…

Read more »

ETF stands for Exchange Traded Fund
Dividend Stocks

How to Invest Your $7,000 TFSA Contribution in 2024

Here's how I would prioritize a $7,000 TFSA contribution for growth and income.

Read more »

a man relaxes with his feet on a pile of books
Dividend Stocks

CPP Pensioners: Watch for These Important Updates

The CPP is an excellent tool for retirees, but be sure to stay on top of important updates like these.

Read more »

Technology
Dividend Stocks

TFSA Investors: 3 Dividend Stocks I’d Buy and Hold Forever

These TSX dividend stocks are likely to help TFSA investors earn steady and growing passive income for decades.

Read more »

four people hold happy emoji masks
Dividend Stocks

Love Dividend Growth? Check Out These 2 Income-Boosting Stocks

National Bank of Canada (TSX:NA) and another Canadian dividend-growth stock are looking like a bargain going into December 2024.

Read more »

An investor uses a tablet
Dividend Stocks

A Dividend Giant I’d Buy Over Enbridge Stock Right Now

Enbridge stock may seem like the best of the best in terms of dividends, but honestly this one is far…

Read more »