Image source: Getty Images.
The equity market regularly throws up opportunities for investors to scoop up quality shares at a discount. However, just a handful of companies have the potential to generate outsized returns consistently for long-term shareholders.
Here are two TSX stocks you can buy and one you should avoid buying this month.
ATS Automation stock
Valued at $5.6 billion by market cap, ATS Automation (TSX:ATS) provides enterprise-facing automation solutions. It is involved in the planning, designing, building, commissioning, and servicing of automated manufacturing and assembly products.
Despite a challenging macro environment, the company increased revenue by 24.9% year over year to $735.7 million in the fiscal second quarter (Q2) of 2024 (ended in September). Comparatively, adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) rose by 29.4% to $116.2 million, while earnings were up 20% at…
