April 1st, 2026 | Ryan Tyler

FOur Stocks At Or Near Bottom, Ready To Buy

This is Not Financial Advice. Use your own discretion, do your own research, do not listen to people on the internet.

Whether we're enetering an overall bear market is yet to be seen, but the probabilities are high. Depending who you ask, we might already be in one. Either way, it's not always bad news if you pick the right stocks at the right time. At the very first sign of a new bull trend or bounce, certain stocks that have reached their bottom can end up delivering good profits. Here are a few stocks that, in my opinion, are extremely undervalued and have likely reached their bottoms based on their valuations and long term outlooks.

Lululemon Athletica Inc. (LULU) – CAD Depositary Receipt: LULU

This first pick will make some people laugh, but they should walk past a Lululemon store in any mall. Right behind the Apple Store, it's probably the second most popular store inside any shopping centre.

After some poor earnings and internal turmoil, this company's stock is severely undervalued based on future sales projections and overall staying power. Unlike other retail brands, Lulu is here to stay for the foreseeable future.

Currently trading in the ballpark of $155-165 USD, this stock is down more than 65% from its all-time highs in 2024. Many analysts also seem to agree with me: there is nowhere left to go but up. The DR trades on the TSX for Canadians under the same ticker symbol for $7 to $9 CAD per receipt.

Nike Inc. (NKE) – CAD Depositary Receipt: NKE

Another retail brand that has survived the worst storms is here to stay. Despite lacklustre sales and profit growth, Nike has still managed to beat earnings projections consistently and stay profitable. At a near 10-year low, the stock is currently trading between $40 and $50 USD, down almost 75% from its all-time highs in 2021.

With bankruptcy nowhere in sight and revenue still projected to hold above $10 Billion, Nike is a good buy right now. However, I would keep an eye on some more potential downside before committing to a bullish base case.

If the stock drops below $40, keep an eye on $35. The DR trades on the TSX for about $8 or $10 CAD.

Home Depot Inc. (HD) – CAD Depositary Receipt: HD

Not anywhere near all-time lows, or new lows, Home Depot has still taken a bigger beating in recent months than it deserves. Trading around $325 and $330 USD, it still might have some downside, but the bottom is near. If it breaks below $310, I would say $300 is possible, but any lower than $285 would invalidate my bullishness.

I would be cautious, but optimistic with this one. The DR trades at around $20 CAD.

PayPal Holdings Inc. (PYPL) – CAD Depositary Receipt: PYPL

This company might not be set for any real explosive growth, but based on its liquid cash and profit margins, it is extremely undervalued. Currently trading between $40 and $50 USD, PayPal is down more than 80% from its all-time highs in 2021.

With over 400 million users and 36 million merchants, PayPal remains a strong player in online transactions and exchange. Any good news, new deals, or major announcements could send this stock upwards from where it is now—which is too low for what it's really worth.

Canadians can currently buy PYPL depositary receipts for $3 CAD, making it a high reward, low risk buy.

Bear Market Hedges

For Candians looking to hedge or make profits in a downturn or bear market, the TSX offers ETFs that track bearish moves on the TSX, SP500 and Nasdaq. Good options include SPXU and SPXD for both up and down directions in the SP500, or QQU and QQD for the Nasdaq. Of course, U is for up and D is for down.

For TSX slumps, investors can hedge with CNDD.

To hedge or cash in on the eventual oil crash, HOD is what I would choose. However, I'd be careful holding these kinds of ETFs for too long, as they're mostly designed for short-term plays.