5 TSX industrial stocks to explore if you are a long-term investor

Follow us on Google News:
 5 TSX industrial stocks to explore if you are a long-term investor
Image source: © 2022 Kalkine Media®


  • The TSX benchmark index posted a double-digit gain of 42.18 points on July 21
  • The S&P/ TSX Capped Industrials Index spiked by almost five per cent per cent quarter-to-date (QTD)
  • BBD.B stocks rose by over 15 per cent QTD

The TSX benchmark index continued its winning streak with a double-digit surge of 42.18 points to 19,062.85 on July 21, with the S&P/ TSX Capped Industrials Index gaining 1.3 per cent on Thursday, July 21.

The industrial index, notably recorded quarter-to-date (QTD) increase of almost five per cent. Investors targeting stable returns over the span of long duration generally look for industrial stocks that could build or improve their wealth. Such investors could explore TSX industrial stocks like Bombardier (TSX: BBD.B), Russel (TSX: RUS) and TFI International (TSX: TFII) etc.

On that note, let us look at these TSX industrial stocks closely as these could offer quality returns to investors with a focus on a long-term approach. 

1. Bombardier Inc (TSX: BBD.B)

Bombardier recently opened a Singapore Service Centre in the Asia Pacific. With this new Original Equipment Manufacturer (OEM) business aviation facility, the Canadian business jet maker aims to expand and improve its customer service footprint globally.

The BBD.B stock rose by over 15 per cent QTD. As per Refinitiv, Bombardier stock had a Relative Strength Index (RSI) of 50.74, supported by shares trading volume of 1.22 million (indicating a moderate trend) on July 21.

2. Russel Metals Inc (TSX: RUS)

Metal distributor Russel reported revenues of C$ 1.33 billion in Q1 FY2022 relative to C$ 885 million in the same period of 2021. The Canadian industrial services provider also improved its profitability by posting a net profit of C$ 99 million in the latest quarter, higher than C$ 81 million in Q1 2021.

The RUS stock grew by about 11 per cent week-to-date. This TSX industrial stock, however, dipped by approximately 21 per cent in a year. According to Refinitiv, RUS stock saw its RSI sharply rise to 54.15 on July 21.

Time to buy these 5 TSX industrial stocks: BBD.B, RUS, TFII, ATA, AC?©Kalkine Media®; @rizelleannegalvez via Canva.com

3. TFI International Inc (TSX: TFII)

TFI noted a year-over-year (YoY) jump of 121 per cent in its net income to US$ 147.7 million in the first quarter of 2022. The C$ 10-billion market cap logistics company recorded a return on equity (ROE) of over 37 per cent, depicting its profitability.

The TFII stock zoomed by over 15 per cent month-to-date (MTD). According to Refinitiv data, TFII seems to be on an upward trend with an RSI of 71.82 on July 21.

4. ATS Automation Tooling Systems Inc (TSX: ATA)

ATS Automation, on July 17, revealed that its Industrial Automation unit received an electric vehicles (EV) order of C$ 90 million (according to current exchange rates) from an existing customer.

The ATA stock shot up by over five per cent in 52 weeks. As per Refinitiv information, ATA stock’s RSI was 60.76 on July 21, indicating a moderate-to-high trend.

5. Air Canada (TSX: AC)

Air Canada recently partnered with Emirates to grow its airline network to give customers more options and enhance the travelling experience. This midcap stock rose by almost 10 per cent in July and, based on data taken from Refinitiv, had an RSI of 45.07 on July 21.

Bottom line

The TSX industrial index plummeted by nearly six per cent in year-to-date (YTD). However, investors focused on growth and significant returns in the long horizon can consider these industrial stocks mentioned above. Income investors with risk capacity could also explore as some of these stocks offer dividends.

Please note, the above content constitutes a very preliminary observation based on the industry, and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks. 


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK