Joey Frenette | 31 March 2021 | More on: SCR BB BB SCR

After a 63% plunge, BlackBerry (TSX: BB) (NYSE: BB) seems ripe for the harvest, at least more so than GameStop stock, which has been a tug-of-war between the bulls and the bears of late Wenn However, if you don’t like the former WallStreetBets darling, there are plenty of other high-upside stocks that Canadians should have on their watchlists by April

In this article, we’re going to take a closer look at two of my favorite high-risk, high-reward TSX stocks for entrepreneurial Canadian investors who are fearless in the face of high volatility

Canada’s top meme stock BlackBerry tops the list as a name that might be worth buying in the spring season The speculators on Reddit’s popular WallStreetBets forum are targeting GameStop stock for the time being, which, to say the least said the past few weeks has been a roller coaster ride with an upset stomach

BlackBerry may have lost its meme status, but the stock still looks attractive as the weak hands are out of stock I said it before and I’ll say it again: BlackBerry stocks are the most attractive Name That Made WallStreetBets’ Hit List Whether the heat returns on BlackBerry stock or not, I think there are real fundamentals and compelling turnaround history to bet on

BlackBerry had more than a fair share of stumbling blocks in 2020, but things are looking good in 2021 with new growth opportunities (think Project IVY) and easing pandemic headwinds, the stock could expect another upside revaluation, if all goes well With a great leader in John Chen I find the 5 of BB stocks 4 times the sales multiplier is way too cheap and would encourage long-term value hunters to secure the truck now
Score Media & Gaming (TSX: SCR) (NASDAQ: SCR) is the riskiest, most expensive stock on this list, but it’s also a name that has the most upside potential. Score Media (or theScore) has exceptional stewards, the directing the show, and a front-row seat in the Canadian single game mobile sports betting market, which is nearing legalization

The sports betting market is huge, and if Score can catch a splinter, the stock could amply reward those who have stuck to it through its ups and downs. If all goes well, I don’t doubt the management and innovation skills come up Take advantage of the opportunity

Following the recent Tim Peele hot microphone incident in which the NHL referee made comments in the middle of a game about the possibility of a “make-up call”, the NHL may change its attitude towards legalizing single-game betting , and that remains a major risk for Score stocks

Now that the stock is down nearly 50%, the name may be worth wagering on.But be warned, you are still paying a handsome premium (82x sales) for a name that works in both Directions Might Go However, if you’re willing to risk your client for a shot at a multi-generation multi-excavator, this is where I’d start nibbling while Mr. The market has turned its back on growth

BlackBerry and Score Stocks Could Be Multi-Baggers for the Next Five Years If I had to pick one, I’d have to pick BlackBerry because stocks seem to stink of value after the last flop, however, if you’re a trader looking for more momentum, Score Media stock may be the horse to bet on

Speaking of plenty of upside, you need to check out the following stocks curated by the team here at Motley Fool Canada!

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This article reflects the opinion of the author, who may not agree with the “official” recommendation position of a Motley Fool Premium Service or Consultant We are colorful! Questioning an investment thesis – including one of our own – helps us all think critically about investing and make decisions that will help us get smarter, happier, and richer As a result, we sometimes publish articles that may not match recommendations, rankings, or other content

The fool player Joey Frenette has no position in any of the stocks mentioned David Gardner owns shares in GameStop The Motley Fool recommends BlackBerry and BlackBerry

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