SmallCapPower Article The TSX-listed Canadian stocks we’ve discovered have been gaining ground during the 2022 downturn
SmallCapPower | August 10, 2022: 2022 has seen the stock market sell off, with the S&P 500 at one point down more than 21% from its high at the beginning of January. Today we have filtered through and found three TSX-listed Canadian stocks that are bucking the 2022 downturn.
*Share price data and other metrics as of August 8, 2022
Winpak Ltd. (TSX:WPK) – $44.70
Packaging Materials
Winpak manufactures and sells a variety of packaging materials and related packaging machines. The packaging materials are used primarily for perishable foods, beverages, and healthcare applications. It operates in three segments: flexible packaging, rigid packaging & flexible lidding, and packaging machinery. The flexible packaging segment includes the modified atmosphere packaging, specialty films, and biaxially oriented nylon product groups. The rigid packaging and flexible lidding segment includes the rigid containers, lidding, and specialized printed packaging product groups. The Company’s geographical segments include the United States, Canada, and Mexico & others.
- Market Cap: $2,925.6M
- 7-Day Return: -1.4%
- 30-Day Return: -1.1%
- 30-Day Average Trading Volume: 44,818
Loblaw Companies Ltd. (TSX:L) – $116.52
Grocery Stores
Loblaw is one of Canada’s largest grocery, pharmacy, and general merchandise retailers, operating the most expansive store footprint in Ontario and maintaining sizable presences in provinces like Quebec and British Columbia. Key grocery banners include Loblaw, No Frills, and Maxi, while its pharmaceutical operations are the product of its 2014 acquisition of Shoppers Drug Mart. The firm carries a robust private-label assortment, with top sellers like President’s Choice and No Name. In addition to its retail operations, Loblaw oversees a financial-services business, which provides credit card services and guaranteed investment certificates, and also operates its PC Optimum loyalty program. The firm’s controlling shareholder is George Weston Limited, which owns 52.6% of the equity.
- Market Cap: $38,050.3M
- 7-Day Return: -0.5%
- 30-Day Return: -1.8%
- 30-Day Average Trading Volume: 420,028
Cameco Corp. (TSX:CCO) – $33.33
Mining
Cameco is one of the world’s largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the Company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.
- Market Cap: $10,371.4M
- 7-Day Return: +3.5%
- 30-Day Return: +17.9%
- 30-Day Average Trading Volume: 1,198,632