Bombardier (BBD.B) & Air Canada (AC): Cheap TSX industrial stocks to buy

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Bombardier (BBD.B) & Air Canada (AC): Cheap TSX industrial stocks to buy

Bombardier (TSX: BBD.B) & Air Canada (TSX: AC): Cheap TSX industrial stocks to buy
Image source: © 2022 Kalkine Media® 

Highlights

  • Bombardier Inc (TSX: BBD.B) has been drawing quite a bit of investor attention since it posted its latest financials on Thursday, February 10.
  • Air Canada (TSX:AC), on the other hand, has been trending high on the TSX among top industrial stocks.
  • Bombardier stock galloped by about 141 per cent year-over-year (YoY).
  • AC stock has climb by nearly six per cent in a week.

Bombardier Inc (TSX: BBD.B) has been drawing quite a bit of investor attention since it posted its latest financials on Thursday, February 10.

Air Canada (TSX:AC), on the other hand, has been trending high on the TSX among top industrial stocks.

Let us discuss the two TSX stocks and see how they are performing.

Bombardier Inc (TSX: BBD.B)

Bombardier posted US$ 1.77 billion as total revenue in Q4 FY2021, as compared to US$ 1.99 billion in the previous-year quarter. 

However, the Montreal-based business aircraft maker saw its net income grow to US$ 238 million in the latest quarter, up from a net loss of US$ 337 million in Q4 FY2020.

Bombardier (TSX: BBD.B) Q4 FY2021 results

 Image source: © 2022 Kalkine Media®      

Bombardier stock closed at C$ 1.76 apiece on Thursday after clocking a day high of C$ 1.84 and a trading volume of 12.35 million shares.

The industrial stock galloped by about 141 per cent year-over-year (YoY).

Also read: Cameco (CCO) stock up 14%! Why is the Canadian uranium firm trending?

Air Canada (TSX: AC)

Air Canada is scheduled to release its Q4 FY2021 results next week, on Friday, February 18.

On December 9, 2021, the airline giant deployed its ‘Boeing 767-300ER freighter’ to provide additional air cargo capacity to combat flood-led supply chain disruptions in British Columbia.

Air Canada, in November 2021, inked a memorandum of understanding (MoU) with Carbon Engineering, a Canadian clean energy firm, to identify and explore potential opportunities to advance aviation decarbonization.

Air Canada stock closed at C$ 25.29 apiece on Thursday, with 4.06 million shares exchanging hands.

AC stock has climb by nearly six per cent in a week.

Bottomline

Bombardier expects that a “better” aircraft delivery mix and increased aftermarket business and services will help its 2022 revenue to surpass US$ 6.5 billion.

On the other hand, Air Canada stepping up for carbon-efficient technology despite temporary setbacks could mean long-term prospects, which could be a point to note for growth investors.

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