Under-the-Radar TSX Stocks to Buy Before They Rebound!

These TSX stocks continue to climb, and yet remain out of the spotlight these days, which is why now is the time to pounce!

| More on:
Target. Stand out from the crowd

Image source: Getty Images

The TSX today remains down, with many TSX stocks offering a deal that shouldn’t be missed. But obviously we cannot buy all TSX stocks, nor should you. That’s because while some are down now, they could remain down far longer than others.

That’s why today I’m going to look at some TSX stocks that should climb far sooner in the months to come. Each still offers a great deal, but remains under-the-radar for investors to consider. So let’s get right to it.

TFI stock

TFI International (TSX:TFII)(NYSE:TFII) is the first of the TSX stocks I would consider. It offers a great deal as shares are still down by 6% year to date, trading at just 14.5 times earnings as of writing. But what’s more, it’s gone through insane growth over the last three months alone.

Shares of TFI stock are up 20% in that time! This boost comes after the company managed to make a sale for US$525 million. That half a billion income created momentum that has only recently slowed slightly.

Finally, TFI stock offers investors safety among other TSX stocks. You can latch onto a 1.12% dividend yield, and know it’s not going any where. That’s because it currently would take just 89% of TFI’s equity to cover all its debts.

Nutrien stock

Next up, Nutrien (TSX:NTR)(NYSE:NTR) is another of the great TSX stocks to buy right now. Sure, it had its volatile period when shares flew upwards. But now, it’s back under-the-radar, with investors choosing to stay away from it after the volatility.

But share jump or not, Nutrien stock is a great buy. The company soared after sanctions on Russian potash. Now, the world potash demand is more than ever, and Nutrien is the one to give supply it. Especially as it continues to consolidate a fractured crop nutrient sector, and expand its e-commerce business.

Nutrien stock is a great deal, trading at just 6.6 times earnings. Shares are up 21% year to date as of writing, but have come down 13% since August. That’s a great time to jump in on this stock as it’s sure to recover eventually. Meanwhile, you can also rest easy with a dividend yield of 2.35%, and with just 43.9% of equity needed to cover all its debts.

Teck stock

Finally, Teck Resources (TSX:TECK.B)(NYSE:TECK) is the last of the TSX stocks I’d buy up. It’s different from other mining stocks, as the company focuses on creating income through minerals needed to create products. This would include silver, coal for steel, copper, zinc and more. These mineral assets provide steady revenues while Teck continues to beat out earnings estimates.

And again, shares are up 25% year to date, but have come far down from 52-week highs, by about 22%. It now trades at just 4.4 times earnings, offering a 1.12% dividend yield to consider as well.

What’s more, Teck also has plenty of cash on hand to cover debts, with just 34% of its equity needed to manage total debts. Taken together, it’s a stock that’s doing well even during this poor market environment, yet remains far below its fair value.

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 Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool recommends Nutrien Ltd. The Motley Fool has a disclosure policy.

More on Stocks for Beginners

railroad
Stocks for Beginners

CP Stock Could Be the Best Buy on the TSX Today

CP (TSX:CP) stock has been one of the few top performers on the TSX this year, and it should continue…

Read more »

falling red arrow and lifting
Stocks for Beginners

3 TSX Stocks That Could Rally Before 2023 Begins

Here are three TSX stocks to consider, even if inflation remains adamant next year.

Read more »

oil and natural gas
Energy Stocks

2 TSX Energy Stocks That Could Break Through the Roof in December 2022

Did you miss the energy rally? Here are two TSX energy stocks that still offer handsome growth potential.

Read more »

TELECOM TOWERS
Dividend Stocks

If I Could Only Buy 1 Stock Before 2023, This Would be it!

If you could buy 1 stock before 2023, what would it be? Here’s the stock I’m considering, and I think…

Read more »

A bull and bear face off.
Stocks for Beginners

3 Stocks to Add During a Market Downturn

There are plenty of options to add during a market downturn. Here are several to considering buying today and holding…

Read more »

Choose a path
Stocks for Beginners

3 Quiet TSX Stock Winners You’ll Wish You Knew About Earlier

Here are 3 TSX stocks that outperformed broader markets this year and could play well going into 2023.

Read more »

stock data
Stocks for Beginners

The Best TSX Stocks to Buy With $1,000 Right Now

It's trying times out there, but these three TSX stocks offer the best way to bring in income through 2023…

Read more »

A worker uses a double monitor computer screen in an office.
Stocks for Beginners

How to Generate $200 in Passive Income Each Month

Do you want to earn $200 in monthly passive income by investing $200/month? Here’s how you have to go about…

Read more »