April was a rollercoaster for stock market enthusiasts, with the S&P/TSX Composite Index swinging over 3,000 points. Surprisingly, it closed the month fairly steady amid rising hopes of resolved tariff talks.

Enter Sid Mokhtari, CIBC's chief market technician, who's been dominating the market performance scene. His handpicked stocks have surpassed broader market returns each month this year. In April alone, his selected ten stocks climbed by 0.85%, leaving the TSX to languish with a loss of 0.3%.

Mokhtari’s methodology involves elite stock selection from the top 100 firms within the S&P/TSX Composite Index. Impressively, his stock recommendations have yielded a 6.6% return for the first four months of 2025—far beyond the index’s meager 0.46% gain.

What’s Hot for May?

For May, Mokhtari's elite ten includes four returning stars: Choice Properties REIT, Fairfax Financial, Stantec, and Waste Connections. Six fresh faces are joining the line-up: Constellation Software, Element Fleet, Nutrien, Power Corp., RB Global, and TD Bank.

In a recent interview, Mokhtari elaborated on his predictions and the rationale behind his selections. Despite economic headwinds, he expresses cautious optimism about a potential market recovery.

Looking Ahead: Market Insights