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Lower interest rates are tailwinds for stocks and could trigger a bull run. However, the Bank of Canada still needs to decide when to start rate cuts. Some economists say the policy rate is ripe for a cut in June, while others warn it might be too soon.
Meanwhile, Canadian stocks are on a roller coaster due to rate cut uncertainties and geopolitical risks. But believe it or not, three TSX stocks continue to defy market volatility. They are outperforming with enormous upside potential.
Bright Outlook
Héroux-Devtek (TSX:HRX) reported impressive revenue and income growth in the first nine months of 2023. Sales increased 15% to $445.7 million versus the same period in 2022, while net income soared 133.2% year over year to $17.58 million. As of this writing, the industrial stock is up 28.95% year to date. The current share price of $19.60 could rise further when the full-year results come out.
The $659.6…
