Investing in profitable small-cap stocks can help long-term investors beat the broader markets by a wide margin. Typically, small-cap companies grow at a faster pace compared to their larger counterparts. So, if these companies can successfully grow earnings in line with or faster than sales, they will likely deliver market-beating returns over time.
Here are two of the best small-cap TSX stocks you can consider buying in January 2024.
goeasy stock
Part of the financial lending industry, goeasy (TSX:GSY) has returned over 1,000% to shareholders in dividend-adjusted gains over the past decade. Down 27% from all-time highs, goeasy stock is valued at $2.63 billion by market cap and offers you a dividend yield of 2.4%.
In the last two years, companies in the financial sector have trailed the broader markets due to rising interest rates, resulting in a tepid lending environment and higher delinquencies.
Despite these macro headwinds,…
