Top Canadian AI, IOT, & E-Commerce Companies

Welcome to watchlist Wednesday, in this daily segment we focus on discovering and analyzing different companies that we may be interested in adding to our portfolio in the near future.

In todays edition, you will recognize some familiar names that Knowfee Inc holds in our Non-Registered Holding Co. account. As always we will disclose when we hold any Companies in any of our accounts.

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Shopify Inc. (SHOP.TO)

With Shopify expanding its core technologies every day its only a matter of time before Shopify becomes a power house in all 3 of these categories. Shopify is using its core E-Commerce business to segment its way into AI and IOT. As more small business owners sign onto the Shopify platform, Shopify will continue to develop machine learning technologies that will provide its users with other revenue models moving forward. The company is also battling a resistance point at its current 1443.21/stock valuation, this point of resistance will likely be pushed right through and you will see a huge serge in the stock price a few weeks before its quarterly earning reports. Knowfee has held Shopify in our portfolio for some time now, and would recommend adding Shopify to your portfolio on strong buy opportunities when the company has experienced a correction. A dollar cost averaging strategy is highly recommended for buying into Shopify.

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Open Text (OTEX.TO)

Is a software as a service company that has been around for years and offers a suite of software products ranging from AI to Cyber Security. All of its business segments are in high growth sectors, Knowfee believes that Open Text is about to go through a tremendous growth period. The Covid-19 virus has had a massive impact on the acceleration to digital by default. This means that as more and more businesses turn to machine learning, AI, digital services and platforms to drive sales Open Text will be a major benefactor. Open Text is currently facing a resistance point with an RSI of 53 and the 50 day average dropping below the 200 day moving average. There's also been strong sell order volumes for OTEX.TO but we believe Open Text still represents a tremendous opportunity at this price point moving forward over the long term given its suite of technology solutions within 3 high growth industries. Its our suggestion that you add Open Text to your watchlist and begin adding Open Text to your portfolio using a dollar cost averaging.

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Kinaxis (KXS)

Kinaxis provides cloud-based computing, AI, and other software services on a subscription basis in Canada, United States, Europe, and Asia. Given the explosive growth rate of these industries Kinaxis has tremendous long term return potential. Kinaxis has also gone through a recent correction and is a primed for a massive run leading up to their quarterly results.

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Blackberry (BB.TO)

Many of you are familiar with Blackberry for their phones, but what alot of people don't know is that Blackberry is one of the top Cyber Security firms in the world. With the transition to Internet of Things and digital by default, combined with Blackberry's superior software suite, and recent partnership with Amazon we believe Blackberry is a tremendous buy opportunity and it should be added to every Canadians watchlist.

Next Wednesday Knowfee is going to focus on augmented and virtual reality firms that have tremendous upside. Stay Tuned!

Please always do your own due diligence, research, and risk analysis before investing. Knowfee provides education resources only and is not responsible for any losses you may incur. Please invest responsibility and stay focused on the long term.