Investing in top TSX stocks with businesses can help generate above-average returns over time. While the has trended higher and many have rallied, a few still have solid upside potential and will likely deliver outsized returns in the long term. With this background, here are my top picks that are poised to deliver solid growth.
Further, these stocks will help diversify your portfolio and reduce risk. ( ) is one of the top TSX stocks to buy right now, as it will add stability, growth, and income to your portfolio. Moreover, its stock is undervalued and trading at a forward price-to-earnings (P/E) ratio of 18.
2, which is lower than its peers and . While Couche-Tard stock appears attractive on the valuation front, the company is consistently growing its revenue and earnings, which indicates that the uptrend could sustain. Couche-Tard is well-positioned to benefit from its defensive business model and strategic pricing.
Moreover, its acquisitions will help expand its store base and accelerate its growth. Further, the convenience store operator’s focus on lowering operating costs will cushion earnings and cash flows. Moreover, its solid balance sheet positions it well to capitalize on growth opportunities.
( ) is another attractive stock poised to deliver notable gains. Shares of this financial services company have appreciated over 246% in five years and consistently outperformed the broader equity markets. Its ability to grow its financials at a solid pace and focus on enhanc.