Here Are My Top 2 TSX Stocks to Buy Right Now
Written by Adam Othman at The Motley Fool Canada
The tariff war and ensuing trade tensions worldwide has weighed on several top TSX stocks, regardless of the industry they operate in. Stock market volatility makes it difficult to put money into the stock market due to potential losses. However, experienced investors treat these periods of difficulty as opportunities.
Many investors willing to invest during times like these focus more on stable and defensive assets that are recession-resistant. However, it does not mean it's fair to completely ignore growth stocks due to the higher risk that comes with investing in such companies.
Short-term market volatility should not phase you if you have a long-term investment strategy. Choosing high-quality growth stocks with the ability to weather the storm and emerge stronger on the other side can help you reap plenty of benefits in the long run.
Against this backdrop, here is a pair of TSX tech stocks you can consider investing in right now.
Celestica (TSX:CLS) is a $12.95 billion market capitalization company offering supply chain solutions. The company can provide these solutions to businesses across several industries within the technology ecosystem. It helps companies perform better by offering efficient manufacturing and supply chain management services. The demand for its specialized services is expected to remain strong, especially with the expected shift in global trade routes amid trade tensions.
The company's ability to help businesses adapt rapidly to the changing global needs puts it in an excellent position for long-term success. As of this writing, CLS stock trades for $111.68 per share. Down by almost 46% from its 52-week high, it might be a bargain at current levels to consider for your portfolio.
Shopify (TSX:SHOP) is a $150.58 billion giant in the Canadian tech space. The Ottawa-headquartered multinational company has become an essential presence in the e-commerce space in recent years. Its platform lets merchants of all sizes build an online presence, including fulfillment, payment, and shipping services, alongside digital storefronts.
The company has also beefed up its artificial intelligence (AI) capabilities to improve offerings to its customers. Merchants using its platform can maximize their chances of success due to its AI-powered platform. Greater success for merchants means better business for Shopify in the long run. While the tariff war-induced volatility might persist for several quarters, the bigger picture spells good news for the company.
As of this writing, Shopify stock trades for $116.58 per share. Down by 36.48% from its 52-week high, it is available to investors at a better price point for their self-directed investment portfolios.
Even if you fancy yourself as a contrarian investor who loves to go against the grain, you should not risk more than you can bear to lose. Investing in growth stocks during volatile market conditions carries a lot of risk. If you want to go that route, it is better to initially focus on adding safer investments to your self-directed portfolio to mitigate losses. Once you have a well-balanced portfolio, you can consider dipping your toes into higher-risk assets.
To this end, Celestica stock and Shopify stock can be good holdings to consider for your self-directed investment portfolio.
The post Here Are My Top 2 TSX Stocks to Buy Right Now appeared first on The Motley Fool Canada.
Before you buy stock in Celestica Inc., consider this:
The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Celestica Inc. wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years.
Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $20,697.16!*
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See the Top Stocks * Returns as of 3/20/25
More reading
Best Canadian Stocks to Buy in 2025
Market Volatility Toolkit
4 Secrets of TFSA Millionaires
Beginner Investors: 4 Top Canadian Stocks to Buy for 2025
5 Years From Now, You'll Probably Wish You Grabbed These Stocks
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Fool contributor Adam Othman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Shopify. The Motley Fool has a disclosure policy.
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