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Highlights
- In 2021, the TSX benchmark, which holds an average market capitalization of C$ 12.84 billion, soared by almost 22 per cent.
- The stock markets worldwide are again on the verge of high volatility risk with the rising Omicron cases.
- A tech stock mentioned here mounted by almost 136 per cent in the past year.
In 2021, the TSX benchmark, which holds an average market capitalization of C$ 12.84 billion, soared by almost 22 per cent.
The stock markets worldwide are again on the verge of high volatility risk with the rising Omicron cases. However, after facing the havoc caused by the Delta variant, countries are taking precautionary steps beforehand to contain the new COVID variant's spread.
Let us explore five Canadian stocks worth including in your investment portfolio amid the Omicron fear and uncertainty.
Image source:© 2021 Kalkine Media®
1. Brookfield Infrastructure Partners L.P. (TSX:BIP.UN)
Brookfield Infrastructure Partners LP is a Hamilton, Bermuda-headquartered services provider that mainly operates in four segments: utility, transport, midstream, and data.
The enterprise’s net income stood at US$ 413 million in Q3 2021, as against that of US$ 5 million a year ago.
Its fund flow from operations was US$ 422 million in the latest quarter compared to US$ 365 million in Q3 2020.
Stocks of Brookfield Infrastructure closed at C$ 75.30 apiece on Friday, December 24, after touching a day high of C$ 75.82. The infrastructure stock jumped by roughly 20 per cent year-to-date (YTD).
2. Converge Technology Solutions Corp (TSX:CTS)
Converge Technology Solutions Corp is an information technology (IT) infrastructure company that delivers multi-cloud, blockchain solutions and managed services in Canada and the United States.
The Toronto-based technology company, which had a market capitalization of over C$ 2 billion, posted a revenue increment of C$ 93 per cent year-over-year (YoY) in Q3 FY2021. Its revenue was C$ 367.3 million in the latest quarter.
The hybrid IT infrastructure stock closed at C$ 10.77 apiece on December 24. CTS stock mounted by almost 136 per cent in a year.
Also read: 5 top Canadian communication stocks of 2021
3. Galaxy Digital Holdings Ltd (TSX:GLXY)
Galaxy Digital Holdings Ltd is a New York-headquartered financial service and investment firm that assists blockchain technologies and the digital assets industry.
The tech firm reported a net comprehensive income of US$ 517 million in the third quarter of FY2021, indicating a notable YoY surge of 1,146 per cent.
Stocks of Galaxy Digital Holdings Ltd zoomed by over 152 per cent YTD and closed at C$ 25.50 apiece on December 24.
4. Docebo Inc (TSX:DCBO)
The e-learning platform provider, Docebo Inc, reported third-quarter revenue of US$ 27.1 million in fiscal 2021, reflecting a YoY increase of 68 per cent.
The company, which uses cloud-based solutions for internal and external enterprise learning, posted a net income of US$ 0.7 million in the latest quarter against a net loss of US$ 1.2 million incurred a year ago.
DCBO stock closed at C$ 86.82 apiece on December 24 and gained nearly 64 per cent in the last nine months.
5. Keyera Corp (TSX:KEY)
The midstream energy company Keyera Corp doubled its net earnings to C$ 70 million in Q3 FY2021 from the prior year third-quarter net earnings of C$ 33 million.
Stocks of Keyera climbed approximately 27 per cent in the last year and closed at C$ 28.21 apiece on December 24.
Bottom line
Considering the uncertainty of the Omicron effects, it is crucial to cautiously invest in stocks to lock significant profits in the future and build enough wealth to combat market slowdowns and shocks.
Also read: 5 best Canadian utility stocks of 2021 under $100
