October 17, 2024
Snapshot Top 10: Toronto Stock Exchange Index TSX Composite



The Top 10 performing stocks in the Toronto Stock Exchange Index TSX Composite are shown for seven different investment strategies. Whether you are looking for value, growth or dividend stocks, or you want stocks that rank well overall, you can see the top 10 stock picks, together with how they rank on a scale of 1 to 100 from the perspective of different investment strategies. We have also added our newest Sentiment and 360° View ranks, which encapsulate the market voices of analysts and professional investors into a simple ranking for easily evaluating stocks. As an objective research provider, Obermatt has been refining its stock analysis algorithms for more than 10 years (no AI used here!)

Select any stock for the detailed analysis of that stock's performance across the different investment analyses. Please note that the Top 10 stocks focus only on Large to XX-Large companies.


What the six ranks mean

For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:

Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".

Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".

Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.

Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.

(NEW) Sentiment - quantifies professional analyst ratings and holdings as well as market pulse. Green = positive sentiment; red = skepticism (Only available to Premium Subscribers).

(NEW) 360° View - the ultimate rating with all financial and non-financial indicators.

Special Analysis: TOP 10 Dividend Investment Strategy

Many people ask for tips about dividend stocks. These are the Top 10 dividend stocks in the Toronto Stock Exchange Index TSX Composite as of October 17, 2024.

TOP 10 Dividend Investment Strategy Value Strategy DIVIDEND Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. Parex Resources (L, CA)  Oil & Gas Production
1. Parex Resources (L, CA)   Oil & Gas Production 100 100 86 52
2. Shopify (XL, CA)  Internet Services & Infrastructure
2. Shopify (XL, CA)   Internet Services & Infrastructure 100 33 52 64
3. Superior Plus (L, CA)  Gas Utilities
3. Superior Plus (L, CA)   Gas Utilities 100 83 30 45
4. Aecon (XL, CA)  Construction & Engineering
4. Aecon (XL, CA)   Construction & Engineering 100 100 52 12
5. BCE (XXL, CA)  Integrated Telecommunication
5. BCE (XXL, CA)   Integrated Telecommunication 100 49 26 26
6. Laurentian Bank of Canada (XXL, CA)  Diversified Banks
6. Laurentian Bank of Canada (XXL, CA)   Diversified Banks 100 100 8 4
7. Magna (XXL, CA)  Auto Parts & Equipment
7. Magna (XXL, CA)   Auto Parts & Equipment 99 93 35 27
8. Power (XXL, CA)  Life & Health Insurance
8. Power (XXL, CA)   Life & Health Insurance 99 99 72 94
9. Open Text (XL, CA)  Application Software
9. Open Text (XL, CA)   Application Software 99 100 18 40
10. Lifeco (XXL, CA)  Life & Health Insurance
10. Lifeco (XXL, CA)   Life & Health Insurance 97 67 50 88

☀ This company has a special achievement which is documented on its stock research page.

October 17, 2024. Top 10s are published weekly following the . ( or for more stocks)


TSX Composite Top 10: Obermatt 360° Investment Strategy

TOP 10 Obermatt 360° Investment Strategy 360° Strategy 360° VIEW Value Strategy VALUE Combined Strategy COMBINED Sentiment Strategy SENTIMENT
1. Celestica (XL, CA)   Electr. Manufacturing Services
1. Celestica (XL, CA)   Electr. Manufacturing Services 100 73 100 100
2. Linamar (XL, CA)   Auto Parts & Equipment
2. Linamar (XL, CA)   Auto Parts & Equipment 100 85 100 100
3. Tourmaline Oil (XL, CA)   Oil & Gas Production
3. Tourmaline Oil (XL, CA)   Oil & Gas Production 100 35 90 81
4. ATCO (XL, CA)   Multi-Utilities
4. ATCO (XL, CA)   Multi-Utilities 100 97 100 76
5. Fairfax (XXL, CA)   Property & Casualty Insurance
5. Fairfax (XXL, CA)   Property & Casualty Insurance 100 71 96 53
6. Sun Life Financial (XXL, CA)   Life & Health Insurance
6. Sun Life Financial (XXL, CA)   Life & Health Insurance 100 49 21 100
7. CCL (XL, CA)   Metal & Glass Containers
7. CCL (XL, CA)   Metal & Glass Containers 99 41 97 99
8. Exchange Income (L, CA)   Airlines
8. Exchange Income (L, CA)   Airlines 98 85 92 99
9. Whitecap Resources (L, CA)   Oil & Gas Production
9. Whitecap Resources (L, CA)   Oil & Gas Production 98 93 92 69
10. Barrick Gold (XL, CA)   Gold Production
10. Barrick Gold (XL, CA)   Gold Production 98 84 94 97

October 17, 2024. Top 10s are published weekly following the . ( or for more stocks)


TSX Composite Top 10: Sentiment Investment Strategy

TOP 10 Sentiment Investment Strategy Sentiment Strategy SENTIMENT Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. Celestica (XL, CA)   Electr. Manufacturing Services
1. Celestica (XL, CA)   Electr. Manufacturing Services 100 73 100 100
2. Linamar (XL, CA)   Auto Parts & Equipment
2. Linamar (XL, CA)   Auto Parts & Equipment 100 85 100 100
3. Cameco (L, CA)   Coal & Consumable Fuels
3. Cameco (L, CA)   Coal & Consumable Fuels 100 3 52 76
4. Sun Life Financial (XXL, CA)   Life & Health Insurance
4. Sun Life Financial (XXL, CA)   Life & Health Insurance 100 49 21 100
5. Gildan (L, CA)   Apparel, Accessories, Luxury
5. Gildan (L, CA)   Apparel, Accessories, Luxury 100 29 50 75
6. Exchange Income (L, CA)   Airlines
6. Exchange Income (L, CA)   Airlines 99 85 92 98
7. Wheaton Precious Metals (L, CA)   Gold Production
7. Wheaton Precious Metals (L, CA)   Gold Production 99 6 33 71
8. CCL (XL, CA)   Metal & Glass Containers
8. CCL (XL, CA)   Metal & Glass Containers 99 41 97 99
9. Colliers International Group (XL, CA)   Real Estate Services
9. Colliers International Group (XL, CA)   Real Estate Services 98 50 83 97
10. Manulife (XXL, CA)   Life & Health Insurance
10. Manulife (XXL, CA)   Life & Health Insurance 97 57 91 94

October 17, 2024. Top 10s are published weekly following the . ( or for more stocks)


TSX Composite Top 10: Value Investment Strategy

TOP 10 Value Investment Strategy Value Strategy VALUE Growth Strategy GROWTH Combined Strategy COMBINED 360° Strategy 360° VIEW
1. Algonquin Power & Utilities. (L, CA)   Multi-Utilities
1. Algonquin Power & Utilities. (L, CA)   Multi-Utilities 100 1 66 24
2. Cascades (XL, CA)   Paper Packaging
2. Cascades (XL, CA)   Paper Packaging 100 23 61 33
3. Parex Resources (L, CA)   Oil & Gas Production
3. Parex Resources (L, CA)   Oil & Gas Production 100 1 86 52
4. Bausch Health Companies (XL, CA)   Pharmaceuticals
4. Bausch Health Companies (XL, CA)   Pharmaceuticals 100 21 43 28
5. Converge Technology (L, CA)   IT Consulting & oth. Services
5. Converge Technology (L, CA)   IT Consulting & oth. Services 100 41 78 89
6. Open Text (XL, CA)   Application Software
6. Open Text (XL, CA)   Application Software 100 5 18 40
7. Aecon (XL, CA)   Construction & Engineering
7. Aecon (XL, CA)   Construction & Engineering 100 29 52 12
8. Laurentian Bank of Canada (XXL, CA)   Diversified Banks
8. Laurentian Bank of Canada (XXL, CA)   Diversified Banks 100 1 8 4
9. Mullen (L, CA)   Trucking
9. Mullen (L, CA)   Trucking 99 25 58 68
10. Canaccord Genuity (L, CA)   Investment Banking & Brokerage
10. Canaccord Genuity (L, CA)   Investment Banking & Brokerage 99 35 93 96

October 17, 2024. Top 10s are published weekly following the . ( or for more stocks)


TSX Composite Top 10: Growth Investment Strategy

TOP 10 Growth Investment Strategy Growth Strategy GROWTH Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. AltaGas (XL, CA)   Gas Utilities
1. AltaGas (XL, CA)   Gas Utilities 99 65 69 89
2. Dollarama (XL, CA)   General Merchandise Stores
2. Dollarama (XL, CA)   General Merchandise Stores 99 5 29 65
3. NFI Group (L, CA)   Heavy Machinery
3. NFI Group (L, CA)   Heavy Machinery 99 51 65 34
4. Cameco (L, CA)   Coal & Consumable Fuels
4. Cameco (L, CA)   Coal & Consumable Fuels 97 3 52 76
5. Shopify (XL, CA)   Internet Services & Infrastructure
5. Shopify (XL, CA)   Internet Services & Infrastructure 97 33 52 64
6. Loblaw (XXL, CA)   Food Retail
6. Loblaw (XXL, CA)   Food Retail 97 25 26 63
7. West Fraser (XL, CA) ☀   Forest Products
7. West Fraser (XL, CA) ☀   Forest Products 97 65 96 96
8. Interfor (L, CA)   Forest Products
8. Interfor (L, CA)   Forest Products 95 71 82 70
9. Aritzia (L, CA)   Apparel Retail
9. Aritzia (L, CA)   Apparel Retail 95 9 50 58
10. Celestica (XL, CA)   Electr. Manufacturing Services
10. Celestica (XL, CA)   Electr. Manufacturing Services 93 73 100 100

October 17, 2024. Top 10s are published weekly following the . ( or for more stocks)


TSX Composite Top 10: Safety Investment Strategy

TOP 10 Safety Investment Strategy Safety Strategy SAFETY Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. Franco Nevada (L, CA)  Gold Production
1. Franco Nevada (L, CA)   Gold Production 100 4 13 10
2. Parex Resources (L, CA)  Oil & Gas Production
2. Parex Resources (L, CA)   Oil & Gas Production 100 100 86 52
3. Manulife (XXL, CA)  Life & Health Insurance
3. Manulife (XXL, CA)   Life & Health Insurance 100 57 91 94
4. Winpak (L, CA)  Metal & Glass Containers
4. Winpak (L, CA)   Metal & Glass Containers 100 47 93 87
5. Linamar (XL, CA)  Auto Parts & Equipment
5. Linamar (XL, CA)   Auto Parts & Equipment 98 85 100 100
6. Imperial (XXL, CA)  Oil & Gas Integrated
6. Imperial (XXL, CA)   Oil & Gas Integrated 97 27 73 83
7. Russel Metals (XL, CA)  Trading & Distribution
7. Russel Metals (XL, CA)   Trading & Distribution 93 89 98 86
8. National Bank of Canada (XXL, CA)  Diversified Banks
8. National Bank of Canada (XXL, CA)   Diversified Banks 93 26 74 86
9. Centerra (L, CA) ☀  Gold Production
9. Centerra (L, CA) ☀   Gold Production 92 92 98 96
10. TMX (L, CA)  Financial Exchanges & Data
10. TMX (L, CA)   Financial Exchanges & Data 91 43 84 69

October 17, 2024. Top 10s are published weekly following the . ( or for more stocks)


TSX Composite Top 10: Combined Investment Strategy

TOP 10 Combined Investment Strategy Combined Strategy COMBINED Value Strategy VALUE Growth Strategy GROWTH 360° Strategy 360° VIEW
1. Celestica (XL, CA)  Electr. Manufacturing Services
1. Celestica (XL, CA)   Electr. Manufacturing Services 100 73 93 100
2. Linamar (XL, CA)  Auto Parts & Equipment
2. Linamar (XL, CA)   Auto Parts & Equipment 100 85 65 100
3. ATCO (XL, CA)  Multi-Utilities
3. ATCO (XL, CA)   Multi-Utilities 100 97 67 100
4. Onex (L, CA)  Asset Management & Custody
4. Onex (L, CA)   Asset Management & Custody 100 57 91 94
5. Russel Metals (XL, CA)  Trading & Distribution
5. Russel Metals (XL, CA)   Trading & Distribution 98 89 45 86
6. Centerra (L, CA) ☀  Gold Production
6. Centerra (L, CA) ☀   Gold Production 98 92 43 96
7. Canadian Utilities (L, CA)  Multi-Utilities
7. Canadian Utilities (L, CA)   Multi-Utilities 97 93 47 83
8. CCL (XL, CA)  Metal & Glass Containers
8. CCL (XL, CA)   Metal & Glass Containers 97 41 85 99
9. Fairfax (XXL, CA)  Property & Casualty Insurance
9. Fairfax (XXL, CA)   Property & Casualty Insurance 96 71 71 100
10. West Fraser (XL, CA) ☀  Forest Products
10. West Fraser (XL, CA) ☀   Forest Products 96 65 97 96

October 17, 2024. Top 10s are published weekly following the . ( or for more stocks)


☀ This company has a special achievement which is documented on its stock research page.

Top 10 lists may contain fewer than 10 stocks due to Obermatt’s top 10 quality standards.

Top 10 Stocks from the purely fact-based Obermatt Method in the stock index Toronto Stock Exchange Index TSX Composite from October 17, 2024.

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