The last few weeks have been a great example of why investors need to keep up to date with the developments of Canadian stocks and why there are high-quality opportunities for investors to take advantage of.
The very nature of the stock market sees similar stocks rally at the same time. And the market tends to rally in segments. That means sometimes growth stocks will be in favour, and other times, the market will shift, and value stocks will start to rally.
Rallies can vary by sector, too. Energy stocks have recently seen some of the strongest rallies, while green energy stocks have sold off slightly.
These opportunities not only create opportunities for investors to find value ahead of time. They also give investors the opportunity to buy other high-quality stocks that trade at a discount today.
So, with that in mind, here are four top Canadian stocks to consider today.
Canadian real estate stock
First Capital REIT (TSX:FCR.UN) is a top real estate stock trading at a great discount. Real estate is generally a highly defensive industry. However, there’s no question that retail real estate has seen a massive impact as a result of the pandemic’s effect on the retail industry.
While First Capital isn’t exclusively a retail real estate fund, it owns a mix of different assets, which includes a significant amount of retail. This has resulted in the stock being sold off and is what’s creating the major discount for investors.
It’s an attractive opportunity, too. Because while First Capital does own retail real estate, its assets and locations are among the best. Plus, many of its locations are anchored by major tenants like grocery stores and banks.
That’s why it’s such a top buy today. It’s a top long-term Canadian stock, and it trades at an incredible discount.
A top Canadian energy stock to buy now
Over the last few months, energy stocks have been rallying and recovering. These stocks lagged the rest of the market in 2020. However, they now have some considerable momentum. Despite the rally over the last few months, though, energy stocks still have room to grow.
Suncor is an integrated Canadian energy stock. The company produces oil in addition to the midstream assets it owns and all the retail gas stations across the country.
This integration is what makes Suncor one of the top energy stocks in Canada. So, I would use this considerable discount to take a position before the stock rallies any further.
A cleantech growth stock
Green energy and clean technology are some of the best long-term growth industries to invest in today. That’s why the major discount that Xebec Adsorption (TSX:XBC) is trading at offers investors incredible opportunity.
Xebec is a cleantech company that makes industrial equipment capable of trapping raw gasses. The equipment then purifies the raw gasses and transforms them into renewable natural gas or hydrogen.
This technology will be crucial to helping major industrial companies lower their carbon footprint. Typical renewable energy companies are crucial, too. It’s paramount that the world gets its electricity from clean sources.
However, by most estimates, electricity accounts for less than 25% of all greenhouse gasses. So, companies like Xebec and its equipment will continue to play an important role in saving the global environment.
A top Canadian blue-chip stock
Owning long-term growth stocks is important, but it’s essential they complement resilient blue-chip stocks that help keep your portfolio safe and robust.
Enbridge is one of the top companies in Canada. The stock has been rallying with the rest of the energy industry as of late. However, it still offers an incredible discount and a dividend that yields more than 7.2%.
So, I would use this opportunity to pick up the massive Canadian energy giant. It’s the perfect stock to buy and forget about it, especially at the attractive price it’s trading at today.
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 ENBRIDGE INC and Xebec Adsorption Inc. The Motley Fool owns shares of and recommends Enbridge.