Equity analysts at Desjardins Securities revealed their top stock picks for 2025 on Thursday, warning the outlook for the year ahead is cloudy and investors should proceed with caution after enjoying steep gains in 2024.
“Exiting 2023, many had expected the anticipated pullback in interest rates would drive strong equity returns and buoyant capital markets activity—we were half right,” they said. “While we were rewarded with a more resilient economy than expected, the general view for rate cuts at a very high level was only partially realized and equity issuances were once again muted relative to historical standards. We made it through the ups and downs of another U.S. election, with the incoming Trump administration setting expectations of tailwinds from Fed easing and lighter regulation. Over the year, markets reacted accordingly as equities again rallied significantly. 2024 was a second consecutive year of strong returns,…
