Investing in low-cost index funds is the best way for investors looking to gain exposure to the stock market. However, those with a higher risk appetite can consider investing in quality individual stocks with the potential to beat the broader markets over time. Here are two TSX stocks that could turn $500 into $1,000 by 2030. Let’s dive deeper.
Celestica stock
Valued at $7.6 billion by market cap, Celestica (TSX:CLS) has returned more than 600% to shareholders in the last five years, crushing broader market returns by a wide margin. Despite its outsized gains, Celestica stock trades 26% below all-time highs.
Celestica provides supply chain solutions in North America, Europe, and Asia. It operates through two primary business segments that are Advanced Technology Solutions and Connectivity & Cloud Solutions.
In the second quarter (Q2) of 2024, Celestica reported revenue of $2.39 billion, an increase of 23% compared to $1.94…
