The TSX composite index has delivered a year-to-date return of 18.44%. TSX is a benchmark equity index that tracks the performance of around 250 of Canada’s largest publicly traded companies.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The growth was aided by factors such as the reopening of the economy, which helped companies to post stronger results, coupled with low-interest-rate environment, and increasing retail participation.
The TSX Stocks list includes 43 Canadian companies with a Smart Score of “Perfect 10”. According to TipRanks’ proprietary rating system, a smart score of “Perfect 10” implies that these companies have the potential to outperform market expectations on 8 unique parameters.
These include Analyst Ratings, Blogger Opinions, Institutional Activity, Insider Activity, Crowd Wisdom, News Sentiment, Technical and Fundamental Factors.
A look at the TSX Stocks list shows that 5 out of the 43 companies have generated massive yearly returns of greater than 200%, 8 companies made yearly returns of more than 100%, 13 companies generated yearly returns of more than 50%, 13 companies between 19%-50% yearly returns and only 4 companies have generated negative yearly returns.
On a sectoral basis, Utility companies form the largest part of the list, followed by 9 companies each from Financials and Industrial Goods sectors.
Related News:
Boeing Delivers 34 Planes in November, Doubles 2021 Deliveries
UBS Found Guilty in French Tax Case; Penalty Slashed to $2B
Meta Platforms Buys Name Rights for Meta