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Highlights
- While the spread of the omicron variant is troubling many, some investors seem to be still excited about the Santa Claus rally.
- The TSX benchmark index has increased by about 20 per cent this year.
- A fashion retail stock mentioned here delivered a YTD gain of over 93 per cent.
While the spread of the omicron variant is troubling many, some investors seem to be still excited about the Santa Claus rally.
Although this new variant is more contagious than its predecessors, its effects witnessed till now have not been reported as severe, which could be bringing relief to some investors if not all.
Keeping the joy of the Santa rally in mind, let us look at some of the best TSX-listed stocks that you can explore ahead of Christmas and New Year.
Image source: © 2021 Kalkine Media®
- Shopify Inc (TSX:SHOP)
Ecommerce giant Shopify Inc reported total revenue of US$ 1.12 billion in the third quarter of fiscal 2021, notably up from US$ 767 million in the same period a year ago.
Shopify’s third-quarter income was US$ 1.14 billion in Q3 FY2021, up from US$ 191 million in Q3 2020.
SHOP stock closed at C$ 1,770.16 apiece on Tuesday, December 21. The ecommerce stock soared by over 23 per cent year-to-date (YTD).
Also read: 5 top Canadian communication stocks of 2021
2. Nuvei Corporation (TSX:NVEI)
Nuvei Corp recorded revenue of US$ 183 million in Q3 FY2021, up from the prior-year quarter’s revenue of US$ 93 million.
The payment technology company posted a net income of US$ 28 million in the latest quarter, up from a net loss of US$ 77 million a year ago.
NVEI stock closed at C$ 77.99 apiece on December 21. The fintech stock zoomed by almost 15 per cent so far in 2021.
3. Aritzia Inc (TSX:ATZ)
Canadian fashion brand Aritzia saw its net revenue at C$ 350 million in the second quarter of fiscal 2022 compared to C$ 200 million in Q2 2021.
It also recorded a net income of C$ 39 million in the latest quarter compared to a net loss of 874 million incurred a year ago.
ATZ stock, which had a return on equity (ROE) of 28.97 per cent, closed at C$ 49.86 apiece on December 21.
The fashion retail stock delivered a YTD gain of over 93 per cent.
4. Empire Company Limited (TSX:EMP.A)
Empire Company Limited posted sales of C$ 7.31 billion in the second quarter of fiscal 2022 compared to C$ 6.97 billion in Q2 2021.
The retailer’s net income was C$ 192.3 million in the latest quarter, up from C$ 176.8 million in the previous year.
Empire Company saw its stock close at C$ 39.28 apiece on December 21. The retail stock climbed nearly 13 per cent YTD.
5. Alimentation Couche-Tarde Inc (TSX:ATD)
Alimentation Couche-Tarde Inc reported revenue of US$ 14.21 billion in Q2 FY2022 compared to US$ 10.65 billion in the second quarter of 2021.
Its net earnings amounted to US$ 694.8 million in the latest quarter.
On December 21, ATD stock closed at C$ 50.94 apiece. The retail stock surged by almost 26 per cent in the past nine months.
Bottom line
While the holidays can bring joy to some to the stock markets, Canadian investors should ideally keep a close eye on the omicron variant’s impact on markets to minimize taxation and capitalize on the investment opportunities.
Also read: 5 best Canadian utility stocks of 2021 under $100
