3 Stocks up Over 50% in the Past Year

Canada Goose Holdings Inc (TSX:GOOS)(NYSE:GOOS) and these two other stocks have soundly beat the TSX over the past year.

| More on:

Given the TSX’s recent decline, you may be losing hope that you’ll be able to earn a decent return from investing in the market. However, it isn’t all a lost cause. There are plenty of well-performing stocks that you can find on the TSX that can continue to produce strong returns going forward.

Before you give up on Canadian stocks, consider the three below that have been stars on the TSX over the past 12 months and that could still produce strong returns for investors that buy today.

^TSX Chart

Canada Goose Holdings (TSX:GOOS)(NYSE:GOOS) has struggled in the past few weeks, giving back some of the gains it has achieved this year, but so far in 2018 its share price is up around 60% and in the past 12 months it has risen by nearly 140%.

What makes the company an appealing buy for the long term is its focus on quality and producing handcrafted apparel that can generate strong margins, especially as Canada Goose sells more to its direct-to-consumer segment where it saw strong growth last quarter, as that can help the company avoid costs related to using an intermediary.

The company also announced plans to expand into China, which is hosting the next winter Olympics. Not only will that drive a lot of sales growth, but Canada Goose will also get a lot of advertising from seeing its products during the games as well.

I wouldn’t be surprised to see the stock not only recover from this recent dip, but continue on its previous ascent.

Canfor Pulp Products (TSX:CFX) is up 65% in the past year, and its success should come as no surprise as the company saw its sales grow by 40% last quarter. Canfor has also consistently been able to post strong profits and despite this it still trades at a very low multiple of just eight times its earnings. There’s still a lot of potential for the stock to climb, as it is very cheap and demand could continue to rise.

With pulp being used in many consumer products, as the economy continues to perform well it’s likely that we’ll see the demand for pulp products increase as well.

Aimia (TSX:AIM) is also up around 65%, and it’s a bit of a surprise given how hopeless the stock appeared to be after it was announced it would be losing Air Canada as a customer of its Aeroplan program.

However, after Aimia said that it would be entering the airline industry and could have potentially challenged the popular airline’s dominance there, Air Canada, along with other companies, sought to buy Aeroplan. Investors were bullish on the deal and that helped to lift Aimia’s stock.

With an influx of cash after the Aeroplan sale and strong management, I wouldn’t be surprised for Aimia to take on another big venture that could deliver value to its shareholders. Aimia has proven that it has strong leadership and a lot of great ideas, and it’s never a bad idea to invest in that.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor David Jagielski has no position in any of the stocks mentioned.

More on Investing

Hand Protecting Senior Couple
Retirement

These 2 Dividend ETFs Are a Retiree’s Best Friend

These two dividend ETFs could provide retirees with a diversified and stable income stream, while providing some price appreciation.

Read more »

TFSA (Tax-Free Savings Account) on wooden blocks and Canadian one hundred dollar bills.
Tech Stocks

Shopify: A Must-Have Growth Stock for Your TFSA Now (and the Next 10 Years)

Shopify (TSX:SHOP) stock isn't just a top growth company, it's a titan worth owning in your decades-long TFSA fund.

Read more »

Investing

Have $1,000? Here Are the Best Stocks to Buy Right Now

These TSX stocks have solid growth potential and will likely deliver above-average returns in the long term.

Read more »

cloud computing
Tech Stocks

Best Stock to Buy Right Now: Manulife vs CIBC

Want the best stocks? These two are certainly the best options. But which is the better buy?

Read more »

ETF stands for Exchange Traded Fund
Dividend Stocks

How to Earn $2,000 in Passive Income in 2025 With Less Than $51,000 in Savings

You can invest in Canadian high yield stocks via the Vanguard FTSE Canadian High Yield Dividend ETF (TSX:VDY).

Read more »

Asset Management
Investing

Where Will Restaurant Brands International Stock Be in 1/3/5 Years?

Let's dive into where Restaurant Brands (TSX:QSR) could be headed over the near to medium term, shall we?

Read more »

profit rises over time
Tech Stocks

4 Reasons to Buy Constellation Software Stock Like There’s No Tomorrow

Constellation Software stock continued its climb upwards after recent earnings, and this only adds to its appeal.

Read more »

Trans Alaska Pipeline with Autumn Colors
Energy Stocks

Is Enbridge Stock a Good Buy?

Enbridge provides a 6.5% dividend yield right now.

Read more »