Stock markets worldwide are becoming increasingly volatile amid the rising tensions in the Middle East. The Canadian stock market has displayed a significant degree of resilience, but has started to feel the impact of global supply chain disruptions. As of this writing, the benchmark index for the Canadian stock market, the S&P/TSX Composite Index, is down by 4.9% from its 52-week high, reflecting a broader downturn in the market.
Despite the broader pullback, the TSX has several high-quality blue-chip stocks that boast rock-solid fundamentals. These TSX stocks might not be immune to the impact of downturns. However, the robustness of the underlying businesses can make the shares of these publicly-traded companies good holdings amid turbulent market conditions.
Against this backdrop, I will discuss two TSX stocks that might be worth investing in right now.
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Kinaxis
Kinaxis Inc. (TSX:KXS) is a $3.8 billion market-cap company headquartered in Ottawa, providing supply chain software to manufacturers and distributors worldwide. By powering complex supply chains, this company helps businesses across the world streamline processes, driving more growth for its clients. In turn, Kinaxis helps improve global supply chains and offers substantial growth to its investors.
Kinaxis has been keen to jump on the Artificial Intelligence (AI) bandwagon, and just in time to make the best of the technology. By integrating AI into its systems, it has drastically improved the chances of greater partnership opportunities with companies worldwide. As of this writing, Kinaxis stock trades for $135.94 per share. Down by 36% from its 52-week high, it might be a bargain to consider for your self-directed investment portfolio.
Agnico Eagle Mines
Agnico Eagle Mines Ltd. (TSX:AEM) can be an excellent pick for investors who want to bet against the economic environment and get exposure to a safe-haven asset without exiting the stock market. AEM is a $149.2 billion market-cap gold mining company, with mining operations and interests worldwide.
In times of uncertainty, gold prices tend to rise due to people taking money out of the markets and buying gold. Higher gold prices mean that businesses with gold-related operations benefit. Agnico Eagle Mines saw its net earnings in Q4 2025 alone bring in $1.4 billion. With gold prices expected to rise higher, its margins can only improve and further improve its balance sheet.
As of this writing, AEM stock trades for $297.69 per share, and it may be the perfect time to add shares of the gold stock to your self-directed portfolio.
Foolish takeaway
There is no telling how long the ongoing conflict in the Middle East will last and how far-reaching its impact will be on the global economy. However, history has shown us that investors who lean into major sell-offs and identify good investment opportunities always emerge stronger on the other side of them.
AEM stock gives you the opportunity to leverage exposure to the performance of gold while remaining in the stock market. KXS stock offers you the chance to leverage the growing popularity of AI as the technology becomes integral to every aspect of our lives. If you have $5,000 to invest, these two stocks warrant at least a portion of the capital.
