In the dynamic world of stock markets, volatility presents a double-edged sword. While it can unsettle investors, it also unveils opportunities to acquire great stocks at discounted prices, especially after a market downturn. Let's explore three compelling options that investors might consider for their portfolios in the wake of recent market fluctuations.


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1. Canadian Imperial Bank of Commerce (TSX:CM)

In the realm of Canadian banking, the Canadian Imperial Bank of Commerce (CIBC) emerges as a noteworthy choice. Despite being the smallest among the big banks, CIBC's focus on the domestic mortgage market sets it apart. This concentration, although contributing to increased volatility, positions CIBC as a potential opportunity post a market downturn.


CIBC has recently begun recovering from its lows, outperforming its peers over the past 12 months. This resilience, coupled with historical trends favoring Canadian banks during downturns, makes CIBC an intriguing buy. Furthermore, CIBC offers a robust quarterly dividend, providing a yield of 5.81%.


In essence, CIBC stands as a discounted yet confident buy even in the aftermath of a market downturn.

2. Fortis (TSX:FTS)

When markets face turbulence, even defensive stocks like Fortis can experience downward pressure. Fortis, a major utility company in North America, showcases the defensive attributes of utility stocks. With stable revenue streams backed by long-term regulated contracts, Fortis proves resilient in market downturns.


The stock's yield stands at an attractive 4.38%, and Fortis boasts an impressive track record of increasing its dividend annually for an incredible 50 consecutive years. This makes Fortis a compelling long-term choice, resilient in various market conditions.

3. BCE (TSX:BCE)

As one of the largest telecom companies in Canada, BCE (also known as Bell Canada) offers a diversified business encompassing wireless, wireline, internet, TV, and media segments. Telecoms, known for reliable revenue streams, become even more appealing post-market downturns.


BCE, with its essential services in high demand, has sustained dividends for over a century, consistently increasing payouts for over a decade. Presently, BCE offers a generous quarterly dividend yield of 7.02%, securing its position as one of the market's top-paying options.


In conclusion, the aftermath of a market downturn unveils opportunities for investors to strategically build resilient portfolios. Canadian Imperial Bank of Commerce, Fortis, and BCE represent compelling options with strong fundamentals, making them worthy considerations for long-term investors.