A Quebec-based medical technology company appeared this week on at least two short lists of the best investment ideas to start 2022.
RBC Capital Markets first revealed on Wednesday the addition ofOpsens to his list of 24 small cap stocks to buy.
RBC experts see a “significant opportunity” for the Opsens guidewire to deliver an aortic valve prosthesis while continuously measuring pressure during the procedure for an aortic valve replacement. RBC believes that Opsens’ product can set a medical “new standard”.
The Toronto firm M Partners, for its part, revealed in the middle of the week that Opsens was one of its seven investment suggestions for 2022 and the only Quebec title on its list. The firm expects Opsens to continue its development and growth over the next year.
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After four trading sessions in 2022, the main index of the Toronto Stock Exchange remains relatively unchanged. Before looking further ahead, remember that the S & P / TSX index gained 22% in 2021 after registering a decline in January.
The Toronto Stock Exchange’s main index broke the 20,000 point mark for the first time in June before surpassing the 21,000 point mark for the first time in October.
A seven-month streak of rising broke in September. Toronto’s best month of 2021 was October, when the S & P / TSX index gained 5%. The best streak of the year came in October, with 14 consecutive positive stock market sessions.
The index only registered three sessions bearish 2% or more during the year (one in January and two in November).
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The year is off to a strong start for at least two Quebec companies which this week announced major acquisitions in the United States. The Montreal provider of property maintenance services GDI unveiled the largest acquisition in its history on Tuesday, as Montreal music service provider Stingray on Wednesday disclosed its second-largest acquisition to date.
While GDI stock is near its all-time high, the same cannot be said for Stingray, whose dividend yield remains rather tempting at over 4%. Stingray executives have bought large blocks of shares in recent months and now control around 60% of the shares. Although the stock surged during the Thursday and Friday sessions, if the stock price does not recover and quarterly results remain good, the board will have a decision to make. Closing the capital could become a mathematical question.
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A member of senior management from Dollarama this week sold more than $ 12 million in shares of the Montreal retailer. The big boss of imports, Geoffrey Robillard, sold 200,000 shares during the sessions on Wednesday and Thursday.
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The Quebec titles of SupremeX, iA Financial Group (Industrial Alliance), Dorel and Gildan hit a 52-week high in Toronto this week. At the opposite, Goodfood Market, Lightspeed, Boralex, Innergex and Xebec just hit a new low in the past 52 weeks.