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

Arrowings ascending on a chalkboard
Investing

5 Canadian Stocks That Have Gained Value Year to Date

Although many Canadian stocks have sold off this year, and by a significant amount, here are five that have actually…

Read more »

Filling up at the gas pumps.
Energy Stocks

Gas Prices Are Hitting Record Highs: 2 Stocks to Buy Now!

Buy Suncor Energy stock, Canada's integrated oil and gas giant that's benefitting immensely, as gasoline prices continue to soar.

Read more »

Senior Couple Walking With Pet Bulldog In Countryside
Bank Stocks

A Different Bank for a Comfortable Retirement

Want a comfortable retirement? Investing in this different bank today can help you reach that goal through a solid income…

Read more »

Money growing in soil , Business success concept.
Dividend Stocks

Top Canadian Dividend Stocks to Buy and Hold for the Long Term

These Canadian companies have been paying dividends for more than four decades and have been consistently growing the same.

Read more »

thinking
Bank Stocks

Bank of Montreal (TSX:BMO) Raises Dividend: Is the Stock a Buy?

Bank of Montreal is about to get a lot bigger. Should you buy the stock?

Read more »

man window buildings
Investing

Where Do Economists Expect Canadian Housing Prices to Fall Most?

Canadian housing prices may be falling -- in some regions, more than others -- but there are still plenty of…

Read more »

Business success with growing, rising charts and businessman in background
Energy Stocks

3 Hydrogen Stocks Set to Become Major Multi-Baggers

These three hydrogen stocks could certainly achieve multi-bagger status in the years to come after they overcome the present-day hurdles.

Read more »

Technology
Stocks for Beginners

Starting an Investment Portfolio? Buy These 3 Stocks!

Interested in getting a start in the stock market? Buy these three stocks today!

Read more »