High-Potential Investments: Top 10 Stocks to Watch in 2025

2024 proved to be a successful year for investors, marked by a booming bull market and a “Goldilocks” economy—neither too hot nor too cold. As the new year begins, investors are now shifting their attention to the opportunities 2025 may bring. Ten portfolio managers and investment strategists have shared their insights on stocks to watch in 2025.

Dollarama Inc. (DOL)

Canadas leading dollar store chain, Dollarama Inc., continues to thrive with minimal competition and a focus on affordability.

“Their growth and development goals are impressive,” said Wong. “They currently operate over 1,500 stores nationwide. For fiscal 2025, the companys sales are expected to reach $6.4 billion. I think the management is doing an excellent job.”

A December NLogic survey revealed that 60% of Canadians aged 12 and older had shopped at a dollar store in the previous month. Wong noted that this trend highlights the growing appeal of value-oriented stores, especially during financial challenges.

The company plans to expand to 2,200 locations by 2034 and has recently acquired land in Calgary for a new logistics center. “Theyre positioning themselves strategically for future growth,” Wong added.

Meta Platforms Inc. (META)

Schwartz highlighted Meta Platforms as a rare high-growth company with reasonable valuation in the current market.

“Meta trades at around 24 times our analysts 2025 earnings projection—a premium compared to the S&P 500 but significantly lower than other Magnificent Seven companies,” Schwartz said.

He emphasized the impact of Metas AI technologies on improving small businesses' return on investment. The company is also building a $10-billion AI data center in Louisiana, signaling its commitment to future innovation.

“If they weren‘t expecting significant demand for their networks, they wouldn’t be making such investments,” Schwartz concluded.

Aritzia Inc. (ATZ)

The Vancouver-based womens apparel retailer Aritzia has rebounded strongly after a challenging 2023.

Murray believes the market underestimates the potential of Aritzias revamped fashion line and its growth opportunities in the U.S. “Sales in the U.S. are outpacing expectations. With untapped markets still available, the company is well-positioned for expansion,” he said.

Aritzia is also advancing its e-commerce strategy and exploring growth in Asia, Europe, and the U.S. “Every new store launch has shown strong economics. Its a low-risk expansion strategy,” Murray added.

Propel Holdings Inc. (PRL)

Toronto-based financial technology company Propel Holdings focuses on providing loans and credit lines to underserved customers through its four active brands.

“Theyre innovative in looking beyond traditional credit scores, enabling them to serve a wider range of customers,” said MacKenzie.

In a climate where conventional lenders are tightening capital, Propel remains competitive through organic growth and acquisitions. “It‘s a creative company that’s well-positioned for the current economic environment,” MacKenzie added.

Lululemon Athletica Inc. (LULU)

Lululemon, known for its iconic $98 yoga pants, continues to dominate the athleisure market despite fierce competition.

“They‘ve outperformed competitors like Nike and Under Armour,” Belski said. Lululemon’s operational revamp in 2024, including organizational restructuring, has positioned it for continued success.

“Smaller consumer discretionary brands like Lululemon can add a dynamic edge to a portfolio,” Belski concluded.

Savaria Corp. (SIS)

Based in Laval, Quebec, Savaria offers mobility and patient care products, catering to the growing senior population in Canada.

The company‘s multi-year strategic plan to streamline operations and boost sales has been well-received. “They’re delivering on promises and positioning themselves for long-term success,” said Teltscher.

Savaria also has flexibility in shifting operations to the U.S. or adjusting product pricing to navigate potential tariffs on Canadian goods.

Tourmaline Oil Corp. (TOU)

Tourmaline Oil, Canadas largest natural gas producer, is nearing completion of its LNG export facility in Kitimat, British Columbia.

“This opens new markets in Asia and offers pricing and volume opportunities,” said Lauzon. He also highlighted natural gass potential role in powering AI data centers.

Tourmalines status as a low-cost producer allows it to provide shareholder returns through dividends, making it an attractive investment.

Novo Nordisk A/S (NVO)

Novo Nordisk, a Danish pharmaceutical giant, has seen substantial growth thanks to the success of Ozempic and Wegovy, medications for weight management.

“These two drugs give Novo Nordisk a significant competitive advantage,” Harris said. He noted the companys long-term focus on pharmaceutical innovation, supported by its largest shareholder, the Novo Nordisk Foundation.

NXP Semiconductors NV (NXPI)

Cavallo sees NXP Semiconductors as a standout in the competitive semiconductor industry.

“NXP trades at a discount compared to peers like Microchip and Analog Devices. With a strong management team and opportunities in both gas and electric vehicles, its well-positioned for growth,” Cavallo explained.

Whitecap Resources Inc. (WCP)

Whitecap Resources, a Canadian oil and gas firm, is described as an “institutional darling” by Caldwell.

Despite challenges from potential U.S. tariffs, Whitecaps strong operational performance and commitment to shareholder dividends make it a compelling investment.

“Shutting off Canadian oil would spike prices. Whitecap remains resilient and poised for growth,” Caldwell concluded.

Ready to Navigate the Markets in 2025?

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