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The equity markets often provide long-term shareholders an opportunity to buy quality stocks at a discount and benefit from stellar returns over time. It’s crucial to identify companies positioned to grow their revenue and earnings sustainably, which should translate to share price appreciation.
Here are three of the best Canadian stocks TSX investors can buy now.
Aritzia stock
Down 42% from all-time highs, Aritzia (TSX:ATZ) is valued at $3.4 billion by market cap. Founded in 1984, Aritzia is a design house and one of the largest luxury brands in Canada.
The drawdown in Aritzia’s stock price can be attributed to a deceleration of its top-line growth. For instance, the company grew its net sales by just 6% in fiscal 2024 (ended in February), down from 47% in fiscal 2023 and 74% in fiscal 2022. Moreover, an elevated cost environment weighed heavily on its profit margins as EBITDA (earnings before…
