In April 2024, the made a fresh all-time high amid growing optimism that the central banks in the United States and Canada will soon start slashing interest rates, which led to renewed buying in . While many investors may fear missing out on the best opportunities, others may wonder if it’s too late to join the rally and if the market is due for a correction. But the good news is that the market is always full of opportunities for investors willing to take risks and look for long-term growth potential.
In this article, I’ll highlight two high-growth TSX stocks that have the potential to deliver stellar returns over the long term, regardless of the short-term fluctuations in the market. Aritzia stock Whether you are investing to grow your hard-earned savings for or to achieve your financial goals, one of the best TSX growth stocks that you should consider adding to your portfolio is ( ). This Vancouver-based design house and fashion retailer offers high-quality clothing and accessories.
It currently has a of $3.9 billion as its stock trades at $35.30 per share after rallying by more than 60% over the last six months.
In the third quarter of its fiscal year 2024 (ended in November 2023), Aritzia a 4.6% YoY (year-over-year) increase in sales to $653.5 million.
This growth is particularly remarkable as it builds on the significant revenue increases of 38% and 63% YoY in the same quarters of the previous two fiscal years, respectively. At the end of the quarter, Aritzia had 11.
