Top 10 Stocks to Watch in 2025: Invest Wisely for a Brighter Future

As we approach the new year, many investors are eager to identify promising stocks that will shine in 2025. With a Goldilocks economy and a sustained bull market, 2024 has set a solid foundation for potential gains. Here’s a curated list from leading portfolio managers and investment strategists highlighting the stocks to keep an eye on.

1. Dollarama Inc. (DOL)

Stan Wong, senior wealth adviser at Scotia Wealth Management, champions Dollarama for its compelling growth trajectory. "With over 1,500 locations and plans to expand to 2,200 by 2034, they're strategically positioning themselves for long-term growth," he states. This beloved dollar store chain serves a major demand for budget-friendly shopping, highlighted by a recent NLogic report showing that 60% of Canadians regularly shop at dollar stores. Wong anticipates a projected revenue of $6.4 billion for fiscal 2025.

2. Meta Platforms Inc. (META)

Barry Schwartz, executive vice president at Baskin Wealth Management, considers Meta a unique opportunity, trading at a reasonable valuation compared to peers. Schwartz highlights the company’s advancements in AI technology, particularly Meta's announcement of a $10 billion AI data center in Louisiana, indicating strong future demand. "Their ability to deliver effective AI tools will only enhance ROI for small businesses," he adds.

3. Aritzia Inc. (ATZ)

Jamie Murray from The Murray Wealth Group sees potential in Aritzia as the women’s fashion retailer rebounds from a challenging 2023. Murray notes, "Their renewed fashion lineup is driving accelerated sales, particularly in the U.S." With ongoing expansion strategies in e-commerce and physical locations, Aritzia is set to thrive in emerging markets like Europe and Asia.

4. Propel Holdings Inc. (PRL)

Todd MacKenzie of National Bank Financial points out Propel Holdings as a rising star in financial technology. This Toronto-based company caters to underserved consumers by offering personalized loan services. "Their innovative approach to credit scoring positions them well in a tightening economic environment," MacKenzie asserts.

5. Lululemon Athletica Inc. (LULU)

Brian Belski, chief investment strategist at BMO Capital Markets, praises Lululemon for its ability to outperform in a crowded market. Despite facing competition, Lululemon's operational revamps indicate a robust future. "The shift in their product lineup shows promise, especially as consumer preferences continue to evolve," he suggests.

6. Savaria Corp. (SIS)

Rebecca Teltscher from Newhaven Asset Management recognizes Savaria for its strategic positioning within the aging population's market. With a multi-year plan to enhance sales efficiency, Savaria offers critical mobility solutions. "Their capability to adapt to market changes ensures ongoing growth," Teltscher notes, despite any potential tariffs affecting imports.

7. Tourmaline Oil Corp. (TOU)

Rob Lauzon, managing director at Middlefield, provides insights into Tourmaline as Canada’s largest natural gas producer. He mentions opportunities arising from LNG exports to Asia and the Gulf of Mexico. "With cheap and reliable energy needs growing, Tourmaline stands to benefit significantly," Lauzon emphasizes, noting their consistent shareholder dividends.

8. Novo Nordisk A/S (NVO)

Paul Harris of Harris Douglas Asset Management highlights Novo Nordisk's growing stock value, thanks to its leading role in diabetes and obesity treatments, such as Ozempic and Wegovy. "Their expertise in drug manufacturing ensures they remain ahead in a competitive market," Harris explains.

9. NXP Semiconductors NV (NXPI)

Rob Cavallo from RBC Global Asset Management sees a bright future for NXP as it tackles challenges in the semiconductor industry. "Trading at 17 times 2025 earnings, they are well-positioned to capitalize on automotive applications," Cavallo observes, suggesting a rebound in demand for semiconductor products could pave the way for significant growth.

10. Whitecap Resources Inc. (WCP)

Thomas Caldwell, founder and chairman at Caldwell Securities, recommends Whitecap as a top pick among Canada’s oil and gas sector. Their track record of dividends and operational excellence makes them a strong contender for stability and growth. Caldwell notes, "Even amid potential geopolitical tariffs, Whitecap remains a wise investment, given the vital role Canadian oil plays in U.S. energy needs."

Conclusion

As 2025 approaches, these ten stocks highlight promising investment opportunities. With changing consumer behavior and evolving economic landscapes, savvy investors may find great potential in these names. Keeping a close watch on these selections could lead to rewarding outcomes. Are you ready to make your investment decisions for a prosperous new year?