Air Canada and Westjet Plus a Couple Others Are Up In a Down Week

It’s been a tough week for all but a select few Canadian stocks. These 4 managed to dodge the haircut that the broad market took.

| More on:
The Motley Fool

Putting together a collection of Canadian stocks that are actually up this week is roughly equivalent to finding a needle in a haystack.  With a bit of manual labour however, 4 money makers from this first week of April did eventually turn up.

Tabled below are the companies and their 5 day returns:


5 Day Return

Air Canada (TSX:AC.B)


Constellation Software (TSX:CSU)


Westjet Airlines (TSX:WJA)


Potash Corp. (TSX:POT,NYSE:POT)


Source: Google Finance

None of these stocks have set their owners up for life by any means this week, but to earn a positive return in the face of a market that has declined by 3.6% thus far (Friday morning) bodes well for when the clouds once again part.

The epicentre for this week’s Canadian meltdown was resources, specifically Materials and Energy.  That Potash was able to keep its shareholders above water in the face of strong selling pressure all around it speaks to the defensive characteristics of this name.

Constellation Software has nothing to do with either the Materials or Energy space and therefore was shielded from the pain that occurred.

And what about Air Canada and Westjet?  Well, both stocks have been on fire, up 83% and 26% respectively year-to-date.  Industry traffic, strong pricing and range-bound fuel prices have combined to create a nice tailwind for these two airlines.

Chances are your brokerage account is lower than it was at the beginning of the week.  To be sure, we feel your pain.  One proven technique however that ensures these money losing periods are short-lived is to load up on high quality, dividend paying stocks.  Click here and we will happily send you our special report “13 High Yielding U.S. Stocks to Buy Today” that will have you rolling in dividend cheques before you know it.  And, it’s absolutely FREE!  You are just one click away from dividend nirvana!

Follow us on Twitter and Facebook for the latest in Foolish investing.

Fool contributor Iain Butler is short $40 July 2013 put options on Potash Corp.  The Motley Fool has no positions in the stocks mentioned above.

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.

More on Investing

Oil pumps against sunset
Energy Stocks

Is it a Good Time to Buy in the Energy Sector?

Boosted by a very bullish supply/demand environment, energy stocks like Canadian Natural Resources and Tourmaline have much further to go.

Read more »


2 Stocks to Buy Offering Better Value Than Air Canada

Air Canada has been a popular stock for years, but despite its low price, these two picks are much better…

Read more »

money cash dividends

How to Make $373/Month in Passive Income With These 2 TSX Stocks

You could bring in passive income of $4,482 annually, or $373 per month!

Read more »

clock time
Stocks for Beginners

3 Stocks to Start Investing Today

Looking for a set of stocks to start investing today? Here are some great options that offer growth and income…

Read more »

investment research
Dividend Stocks

Young Investors: Create Cash Flow With This Top Dividend Stock

If you're a young investor looking for cash flow, you need a strong dividend stock and solid banking program designed…

Read more »

Illustration of bull and bear

Is the Stock Market Selloff Over?

Throughout this week, many stocks have been gaining value and rebounding from their lows. So, is the stock market selloff…

Read more »

potted green plant grows up in arrow shape

Retirement 101: How Investors Can Turn $20,000 Into $500,000 in 25 Years

These top TSX dividend stocks have made some investors rich.

Read more »

Hand writing Time for Action concept with red marker on transparent wipe board.
Dividend Stocks

3 Superb Dividend Stocks I’m Ready to Buy

The market is full of great options for income-seeking investors. Here are three superb dividend stocks to buy now.

Read more »