Value Investing: The Top TSX Stocks to Buy Right Now

These two TSX stocks are high-quality companies trading at attractive discounts, making them two of the top stocks to buy now.

| More on:

If you’re an investor who likes to buy value stocks, it’s important to keep up to date with market developments to know what the top TSX stocks to buy right now are.

The market generally moves in cycles, and stocks from the same industry often rally together. So, although you should still make long-term investments and not try to time the market and move in and out of stocks, it’s important to know and recognize which stocks are rallying.

Investors can weigh their portfolio to these types of stocks or industries while they have the most potential.

For example, many of the stocks that first recovered from the coronavirus pandemic have been growth stocks. Now, though, value stocks have been consistently outperforming the rest of the market.

Investors with solid diversification will have exposure to both these types of stocks. However, if you noticed, for example, that your tech stocks had been rallying excessively and thought energy stocks were becoming attractive, you could’ve taken some profits and gone overweight energy.

Here are two of the top TSX stocks to buy right now if you want to take advantage of the rally in value stocks today.

A top TSX real estate stock to buy right now

Real estate is an industry that is offering a tonne of potential over the next few years. Plus, some retail real estate stocks that have been struggling offer even more value for investors today.

That’s why First Capital REIT (TSX:FCR.UN) is one of the top TSX value stocks to buy right now.

The company owns an impressive portfolio of mixed-use real estate. This is important, because the diversification has been key for First Capital over the last year.

The stock has certainly seen an impact from the pandemic, especially its retail assets. However, it has handled the pandemic a lot better than many of its peers due to its diversification and high-quality assets.

First Capital owns assets in some of the best locations plus, these locations are almost always anchored with high-traffic businesses such as grocery stores, pharmacies, and banks.

This makes the units a lot more appealing to potential tenants and is part of why First Capital has been so robust compared to its peers.

So, with the stock trading at a significant discount today, First Capital is one of the top TSX value stocks to buy now.

A top Canadian media stock

Another high-potential opportunity for investors today is Corus Entertainment (TSX:CJR.B).

Corus is a stock that’s been cheap for a while, and although the stock has recovered tremendously over the last six months, it’s still significantly undervalued, making it one of the top TSX stocks to buy now.

I first recommended Corus to investors almost a year ago as a much better investment than Air Canada.

value stocks

Over those 12 months, Corus has more than doubled Air Canada’s performance. And even today, I’m still more bullish on Corus.

The stock is not only recovering rapidly and improving its long-term growth potential, but it’s also still remarkably cheap.

As of Wednesday’s closing price of $5.84, Corus has a roughly $1.2 billion market cap. That’s a significant bargain. The stock is currently trading at a forward price-to-earnings ratio of just seven times. Furthermore, it’s trading at only roughly four times its fiscal 2020 free cash flow.

This goes to show just how incredibly cheap Corus is. So, when you consider it also pays a 4% dividend, it’s easily one of the top TSX stocks to buy today.

Should you invest $1,000 in Algonquin Power & Utilities right now?

Before you buy stock in Algonquin Power & Utilities, consider this:

The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Algonquin Power & Utilities wasn’t one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years.

Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the “eBay of Latin America” at the time of our recommendation, you’d have $21,345.77!*

Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 24 percentage points since 2013*.

See the Top Stocks * Returns as of 4/21/25

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 Daniel Da Costa owns shares of CORUS ENTERTAINMENT INC., CL.B, NV.

More on Dividend Stocks

trends graph charts data over time
Dividend Stocks

The Smartest Income Stocks to Buy With $5,000 Right Now

Do you want to increase your dividend income? Check out these three smart Canadian income stocks for a long-term hold.

Read more »

An investor uses a tablet
Dividend Stocks

Where I’d Invest $9,500 in the TSX Today

Take a closer look at these two oil and gas sector giants if you’re seeking reliable long-term investments to hold…

Read more »

Dividend Stocks

The Best Canadian Stocks to Buy Right Away With $30K

Do you have $30,000 sitting there doing nothing? Then you need to invest in Canadian stocks like these!

Read more »

Muscles Drawn On Black board
Dividend Stocks

Where Will Power Corporation Be in 5 Years?

Here's how Power Corporation of Canada (TSX:POW) stock could generate double-digit returns and outperform financial sector peers in five years...

Read more »

view of skyscapers from below
Dividend Stocks

Where I’d Invest $5,500 in the TSX Today

Seeking to invest $5,500 in the TSX? Here’s a look at two stellar picks that can provide decades of growth…

Read more »

shopper buys items in bulk
Dividend Stocks

The Smartest Consumer Defensive Stock to Buy With $2,700 Right Now

Here's why Loblaw (TSX:L) is among the best consumer defensive stocks investors can consider in this increasingly uncertain environment.

Read more »

Forklift in a warehouse
Dividend Stocks

How I’d Build a $250 Monthly Income Stream With $14,000

The trick to earning $250+/month is reinvesting dividends and adding to your portfolio over time.

Read more »

A red umbrella stands higher than a crowd of black umbrellas.
Dividend Stocks

The Top Canadian Stocks to Buy Immediately With $4,000

Insurance stocks are some of the strongest options, because we all need to pay it! And these three look top…

Read more »