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The TSX has struggled to stay above water for most of 2024. Elevated inflation and a high interest rate environment are massive headwinds, although the Bank of Canada’s recent rate cut could stabilize and lift the stock market.
Nevertheless, many stocks rewarded investors with massive gains. ADF Group (TSX:DRX) and CES Energy Solutions (TSX:CEU) are among the best in the lot, while TELUS International (TSX:TIXT) and BlackBerry (TSX:BB) are disappointments. My view is based on the trailing one-year price return of the four stocks.
Stellar returns
ADF Group continues to impress. The current share price of $20.51 (+196.5% year to date) is 487.4% higher than a year ago. Had you invested $6,500 in June last year, your money would be $38,199.14 today. This industrial stock has delivered a total return of 1,151.1% in 3 years.
The $582.6 million company operates in North America’s metal fabrication industry….
