March 7, 2024
Snapshot Top 10: Toronto Stock Exchange Index TSX Composite



The Top 10 performing stocks in the Toronto Stock Exchange Index TSX Composite are shown for seven different investment strategies. Whether you are looking for value, growth or dividend stocks, or you want stocks that rank well overall, you can see the top 10 stock picks, together with how they rank on a scale of 1 to 100 from the perspective of different investment strategies. We have also added our newest Sentiment and 360° View ranks, which encapsulate the market voices of analysts and professional investors into a simple ranking for easily evaluating stocks. As an objective research provider, Obermatt has been refining its stock analysis algorithms for more than 10 years (no AI used here!)

Select any stock for the detailed analysis of that stock's performance across the different investment analyses. Please note that the Top 10 stocks focus only on Large to XX-Large companies.


What the six ranks mean

For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:

Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".

Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".

Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.

Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.

(NEW) Sentiment - quantifies professional analyst ratings and holdings as well as market pulse. Green = positive sentiment; red = skepticism (Only available to Premium Subscribers).

(NEW) 360° View - the ultimate rating with all financial and non-financial indicators.

Special Analysis: TOP 10 Dividend Investment Strategy

Many people ask for tips about dividend stocks. These are the Top 10 dividend stocks in the Toronto Stock Exchange Index TSX Composite as of March 7, 2024.

TOP 10 Dividend Investment Strategy Value Strategy DIVIDEND Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. Laurentian Bank of Canada (XXL, CA)  Diversified Banks
1. Laurentian Bank of Canada (XXL, CA)   Diversified Banks 100 100 23 4
2. BCE (XXL, CA)  Integrated Telecommunication
2. BCE (XXL, CA)   Integrated Telecommunication 100 29 50 37
3. SSR Mining (L, CA)  Gold Production
3. SSR Mining (L, CA)   Gold Production 100 92 82 52
4. Aecon (XL, CA)  Construction & Engineering
4. Aecon (XL, CA)   Construction & Engineering 100 100 49 21
5. Superior Plus (L, CA)  Gas Utilities
5. Superior Plus (L, CA)   Gas Utilities 100 96 82 85
6. B2Gold (L, CA)  Gold Production
6. B2Gold (L, CA)   Gold Production 98 88 80 82
7. IMG Financial (L, CA)  Asset Management & Custody
7. IMG Financial (L, CA)   Asset Management & Custody 98 96 72 52
8. Open Text (XL, CA)  Application Software
8. Open Text (XL, CA)   Application Software 98 100 88 73
9. Canadian Tire (XXL, CA)  General Merchandise Stores
9. Canadian Tire (XXL, CA)   General Merchandise Stores 98 86 74 42
10. Power (XXL, CA)  Life & Health Insurance
10. Power (XXL, CA)   Life & Health Insurance 98 98 72 94

☀ This company has a special achievement which is documented on its stock research page.

March 7, 2024. Top 10s are published weekly following the . ( or for more stocks)


TSX Composite Top 10: Obermatt 360° Investment Strategy

TOP 10 Obermatt 360° Investment Strategy 360° Strategy 360° VIEW Value Strategy VALUE Combined Strategy COMBINED Sentiment Strategy SENTIMENT
1. Celestica (XL, CA)   Electr. Manufacturing Services
1. Celestica (XL, CA)   Electr. Manufacturing Services 100 83 97 81
2. Fairfax (XXL, CA)   Property & Casualty Insurance
2. Fairfax (XXL, CA)   Property & Casualty Insurance 100 88 96 38
3. Linamar (XL, CA)   Auto Parts & Equipment
3. Linamar (XL, CA)   Auto Parts & Equipment 100 89 100 89
4. Crescent Point (L, CA)   Oil & Gas Production
4. Crescent Point (L, CA)   Oil & Gas Production 100 92 91 100
5. Sun Life Financial (XXL, CA)   Life & Health Insurance
5. Sun Life Financial (XXL, CA)   Life & Health Insurance 100 42 21 98
6. Spin Master (L, CA)   Leisure Products
6. Spin Master (L, CA)   Leisure Products 100 81 98 77
7. CCL (XL, CA)   Metal & Glass Containers
7. CCL (XL, CA)   Metal & Glass Containers 98 52 77 98
8. The North West (L, CA)   Food Retail
8. The North West (L, CA)   Food Retail 98 84 95 84
9. ATCO (XL, CA)   Multi-Utilities
9. ATCO (XL, CA)   Multi-Utilities 98 97 92 93
10. Stantec (L, CA)   Construction & Engineering
10. Stantec (L, CA)   Construction & Engineering 97 44 94 54

March 7, 2024. Top 10s are published weekly following the . ( or for more stocks)


TSX Composite Top 10: Sentiment Investment Strategy

TOP 10 Sentiment Investment Strategy Sentiment Strategy SENTIMENT Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. Loblaw (XXL, CA)   Food Retail
1. Loblaw (XXL, CA)   Food Retail 100 32 15 67
2. Toromont (XL, CA)   Trading & Distribution
2. Toromont (XL, CA)   Trading & Distribution 100 27 30 74
3. Crescent Point (L, CA)   Oil & Gas Production
3. Crescent Point (L, CA)   Oil & Gas Production 100 92 91 100
4. Parkland Fuel (XXL, CA)   Oil & Gas Refining
4. Parkland Fuel (XXL, CA)   Oil & Gas Refining 100 51 80 91
5. CCL (XL, CA)   Metal & Glass Containers
5. CCL (XL, CA)   Metal & Glass Containers 98 52 77 98
6. Tourmaline Oil (XL, CA)   Oil & Gas Production
6. Tourmaline Oil (XL, CA)   Oil & Gas Production 98 20 71 91
7. Dollarama (XL, CA)   General Merchandise Stores
7. Dollarama (XL, CA)   General Merchandise Stores 98 12 45 83
8. Wheaton Precious Metals (L, CA)   Gold Production
8. Wheaton Precious Metals (L, CA)   Gold Production 98 14 40 73
9. IFC (XXL, CA)   Property & Casualty Insurance
9. IFC (XXL, CA)   Property & Casualty Insurance 98 46 30 94
10. Sun Life Financial (XXL, CA)   Life & Health Insurance
10. Sun Life Financial (XXL, CA)   Life & Health Insurance 98 42 21 100

March 7, 2024. Top 10s are published weekly following the . ( or for more stocks)


TSX Composite Top 10: Value Investment Strategy

TOP 10 Value Investment Strategy Value Strategy VALUE Growth Strategy GROWTH Combined Strategy COMBINED 360° Strategy 360° VIEW
1. Nutrien (XXL, CA)   Fertilizers & Agricultural Chemicals
1. Nutrien (XXL, CA)   Fertilizers & Agricultural Chemicals 100 6 55 35
2. Open Text (XL, CA)   Application Software
2. Open Text (XL, CA)   Application Software 100 23 88 73
3. Algonquin Power & Utilities. (L, CA)   Multi-Utilities
3. Algonquin Power & Utilities. (L, CA)   Multi-Utilities 100 19 49 19
4. Canaccord Genuity (L, CA)   Investment Banking & Brokerage
4. Canaccord Genuity (L, CA)   Investment Banking & Brokerage 100 27 94 91
5. Parex Resources (L, CA)   Oil & Gas Production
5. Parex Resources (L, CA)   Oil & Gas Production 100 18 96 91
6. Converge Technology (L, CA)   IT Consulting & oth. Services
6. Converge Technology (L, CA)   IT Consulting & oth. Services 100 34 91 94
7. Cascades (XL, CA)   Paper Packaging
7. Cascades (XL, CA)   Paper Packaging 100 12 38 22
8. Laurentian Bank of Canada (XXL, CA)   Diversified Banks
8. Laurentian Bank of Canada (XXL, CA)   Diversified Banks 100 8 23 4
9. CI Financial (L, CA)   Asset Management & Custody
9. CI Financial (L, CA)   Asset Management & Custody 100 17 62 32
10. Bausch Health Companies (XL, CA)   Pharmaceuticals
10. Bausch Health Companies (XL, CA)   Pharmaceuticals 100 4 32 15

March 7, 2024. Top 10s are published weekly following the . ( or for more stocks)


TSX Composite Top 10: Growth Investment Strategy

TOP 10 Growth Investment Strategy Growth Strategy GROWTH Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. Dollarama (XL, CA)   General Merchandise Stores
1. Dollarama (XL, CA)   General Merchandise Stores 100 12 45 83
2. Constellation Software (XL, CA)   Application Software
2. Constellation Software (XL, CA)   Application Software 100 31 67 58
3. HudBay (L, CA)   Diversified Metals & Mining
3. HudBay (L, CA)   Diversified Metals & Mining 100 65 68 71
4. IAMGOLD (L, CA) ☀   Gold Production
4. IAMGOLD (L, CA) ☀   Gold Production 96 57 52 43
5. Quebecor (XL, CA)   Cable & Satellite
5. Quebecor (XL, CA)   Cable & Satellite 96 26 30 52
6. Boyd Group Income Fund (L, CA)   Diversified Support Services
6. Boyd Group Income Fund (L, CA)   Diversified Support Services 96 29 28 34
7. Lundin Mining (XL, CA)   Copper
7. Lundin Mining (XL, CA)   Copper 94 86 100 96
8. Equitable Group (XXL, CA)   Thrifts & Mortgage Finance
8. Equitable Group (XXL, CA)   Thrifts & Mortgage Finance 94 61 57 67
9. Shopify (XL, CA)   Internet Services & Infrastructure
9. Shopify (XL, CA)   Internet Services & Infrastructure 92 11 20 25
10. Restaurant Brands International (XL, CA)   Restaurants
10. Restaurant Brands International (XL, CA)   Restaurants 92 30 71 78

March 7, 2024. Top 10s are published weekly following the . ( or for more stocks)


TSX Composite Top 10: Safety Investment Strategy

TOP 10 Safety Investment Strategy Safety Strategy SAFETY Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. Winpak (L, CA)  Metal & Glass Containers
1. Winpak (L, CA)   Metal & Glass Containers 100 41 94 87
2. Parex Resources (L, CA)  Oil & Gas Production
2. Parex Resources (L, CA)   Oil & Gas Production 100 100 96 91
3. Canfor (XL, CA)  Forest Products
3. Canfor (XL, CA)   Forest Products 100 49 92 79
4. Manulife (XXL, CA)  Life & Health Insurance
4. Manulife (XXL, CA)   Life & Health Insurance 100 72 91 94
5. Linamar (XL, CA)  Auto Parts & Equipment
5. Linamar (XL, CA)   Auto Parts & Equipment 100 89 100 100
6. Brookfield (XL, CA)  Asset Management & Custody
6. Brookfield (XL, CA)   Asset Management & Custody 98 57 82 73
7. Keyera (XL, CA)  Oil & Gas Transportation
7. Keyera (XL, CA)   Oil & Gas Transportation 98 58 72 84
8. Tourmaline Oil (XL, CA)  Oil & Gas Production
8. Tourmaline Oil (XL, CA)   Oil & Gas Production 96 20 71 91
9. Imperial (XXL, CA)  Oil & Gas Integrated
9. Imperial (XXL, CA)   Oil & Gas Integrated 96 65 93 79
10. Centerra (L, CA) ☀  Gold Production
10. Centerra (L, CA) ☀   Gold Production 96 94 96 85

March 7, 2024. Top 10s are published weekly following the . ( or for more stocks)


TSX Composite Top 10: Combined Investment Strategy

TOP 10 Combined Investment Strategy Combined Strategy COMBINED Value Strategy VALUE Growth Strategy GROWTH 360° Strategy 360° VIEW
1. Lundin Mining (XL, CA)  Copper
1. Lundin Mining (XL, CA)   Copper 100 86 94 96
2. Linamar (XL, CA)  Auto Parts & Equipment
2. Linamar (XL, CA)   Auto Parts & Equipment 100 89 68 100
3. Whitecap Resources (L, CA)  Oil & Gas Production
3. Whitecap Resources (L, CA)   Oil & Gas Production 98 94 71 96
4. Spin Master (L, CA)  Leisure Products
4. Spin Master (L, CA)   Leisure Products 98 81 60 100
5. Celestica (XL, CA)  Electr. Manufacturing Services
5. Celestica (XL, CA)   Electr. Manufacturing Services 97 83 63 100
6. Fairfax (XXL, CA)  Property & Casualty Insurance
6. Fairfax (XXL, CA)   Property & Casualty Insurance 96 88 87 100
7. Parex Resources (L, CA)  Oil & Gas Production
7. Parex Resources (L, CA)   Oil & Gas Production 96 100 18 91
8. Centerra (L, CA) ☀  Gold Production
8. Centerra (L, CA) ☀   Gold Production 96 94 26 85
9. The North West (L, CA)  Food Retail
9. The North West (L, CA)   Food Retail 95 84 70 98
10. Winpak (L, CA)  Metal & Glass Containers
10. Winpak (L, CA)   Metal & Glass Containers 94 41 81 87

March 7, 2024. Top 10s are published weekly following the . ( or for more stocks)


☀ This company has a special achievement which is documented on its stock research page.

Top 10 lists may contain fewer than 10 stocks due to Obermatt’s top 10 quality standards.

Top 10 Stocks from the purely fact-based Obermatt Method in the stock index Toronto Stock Exchange Index TSX Composite from March 7, 2024.

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