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The Canadian equity markets are on an upward momentum this year, rising 5.5% as of April 3rd closing price. Signs of easing inflation, solid quarterly performances, and strong commodity prices have improved investors’ confidence, driving the equity markets. Meanwhile, the following three TSX stocks have outperformed the broader equity markets this year amid solid quarter performances. Let’s assess these stocks to determine whether the rally could continue.
Waste Connections
Waste Connections (TSX:WCN) has delivered over 15% returns this year amid solid fourth-quarter earnings and continued acquisitions. The solid waste management company reported an excellent fourth-quarter performance in February, with its revenue growing by 8.9% amid improved commodity-driven revenues and acquisitions. Its adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) and adjusted EPS (earnings per…
