What are the Top TSX-Listed Stocks to Invest in Right Now?

What are the Top TSX-Listed Stocks to Invest in Right Now?

The Toronto Stock Exchange (TSX) is Canada's largest stock exchange, with over 1,500 listed companies and a market capitalization of over $2 trillion. With so many options, it can be overwhelming to decide which TSX-listed stocks to invest in. In this article, we will explore some of the top TSX-listed stocks to invest in right now.

1. Shopify Inc. (SHOP)

Shopify is a leading e-commerce platform provider that allows merchants to set up an online store and sell their products. The company has seen phenomenal growth in recent years, with revenue increasing by 110% year-over-year in Q2 2021. Shopify's stock has also been on a tear, with a 5-year return of over 3,200%.

2. Enbridge Inc. (ENB)

Enbridge is a Canadian multinational energy transportation company that operates the world's longest crude oil and liquids transportation system. The company has a diversified asset base and a strong track record of dividend growth. Enbridge currently has a dividend yield of over 6%, making it an attractive option for income investors.

3. Canadian National Railway Company (CNR)

Canadian National Railway is a Class 1 railway that spans across Canada and into the United States. The company has a strong competitive advantage in the industry, with a vast network and efficient operations. Canadian National Railway also has a solid track record of dividend growth, with a current yield of 1.7%.

4. Brookfield Asset Management Inc. (BAM)

Brookfield Asset Management is a global alternative asset manager that specializes in real estate, renewable power, infrastructure, and private equity. The company has a proven track record of generating strong returns for its investors, with a 10-year annualized return of 18%. Brookfield Asset Management also has a dividend yield of 1.2%.

5. Royal Bank of Canada (RY)

Royal Bank of Canada is one of Canada's largest banks, with a diversified business model and a strong track record of profitability. The bank has a strong presence in both Canada and the United States, which providesdiversificationand growth opportunities. Royal Bank of Canada also has a solid dividend yield of 3.6%.

Investment Strategies:

When investing in TSX-listed stocks, it's important to have a solid investment strategy. Here are some strategies to consider:

1. Diversification: Investing in a diversified portfolio of TSX-listed stocks can help reduce risk and maximize returns.

2. Long-term investing: Investing in TSX-listed stocks for the long-term can help investors capture the benefits of compounding returns.

3. Dividend investing: Investing in TSX-listed stocks that pay dividends can provide a steady income stream and help protect against inflation.

Conclusion:

The TSX offers a plethora of investment opportunities for investors. When deciding which TSX-listed stocks to invest in, it's important to consider factors such as the company's financial health, competitive advantage, and growth potential. By following a solid investment strategy, investors can maximize their returns and achieve their financial goals.