The Ultimate TSX Stocks You Can Buy Right Now With $1,000

Three TSX Stocks to Buy with $1,000Three TSX Stocks to Buy with $1,000 TFI International (TSX:TFII) * Exceptional long-term performer with a 367% return over the past five years. * Diversified logistics, trucking, and courier business in Canada and the United States. * Growth potential through acquisitions and operational efficiency. * Shares currently volatile due to freight challenges, but pullbacks may provide buying opportunities. Calian Group (TSX:CGY) * Strong and diversified company in essential sectors like healthcare, training, and satcom technologies. * Recent acquisitions have expanded geographic and service exposure. * High-teens growth potential in the coming years. * Currently trading at a reasonable valuation of 11 times earnings and offering a 2% dividend yield. Topicus.com (TSXV:TOI) * European software consolidation company with a portfolio of niche companies. * Europe’s fragmented market offers ample acquisition opportunities. * Growing by approximately 20% per year and generating substantial cash flow. * While not the cheapest stock, its recent pullback has made valuations more attractive.

The TSX Composite Stock Index started strong with a 6% gain in early 2024. However, most of these gains have been reversed in recent months.

Regardless of the broader market, you can still find stocks you’re bullish on for the long term. Of course, anything can happen in the short term. Stocks fluctuate for a variety of reasons. However, if you pick stocks that are growing earnings and free cash flow per share steadily, you can do very well.

Here are three stocks you can buy today with $1,000.

A top performing TSX stock to buy on a pullback

TFI International (TSX:TFII) has been an exceptional long-term stock. Over the past five years, investors would have risen 367% (or an annual increase of 36%).

TFI has a diversified logistics, trucking and courier business in Canada and the United States. It has grown through a combination of multiple acquisitions and a disciplined operational strategy.

There are hundreds of small mom-and-pop trucking companies that can benefit from operating under the TFI banner. This means there is still plenty of room to expand through acquisitions.

Shares are volatile due to a challenging freight environment. This won’t last forever, but it could continue into 2024. This could provide good opportunities to add to the stock if there were a serious pullback. The current valuation today is reasonable.

A diversified mix of stable, essential companies

Another stock worth buying today at $1,000 is Calian Group (TSX:CGY). It hasn’t performed well lately. The stock is down 5% over the past 52 weeks. The consultancy firm experienced a profit loss in the summer of 2023. The stock fell and has not yet recovered.

However, the company quickly corrected. The results of recent quarters have been very strong. Yet the market has only yawned. This creates opportunities for value-conscious investors.

Calian has a very strong company. It is a major supplier to the Canadian government and military in healthcare, training and satcom technologies. Recent acquisitions have helped diversify geographic, service and customer exposure. This opens up opportunities for cross-selling services within the company’s core activities.

Combined with further expected acquisitions, this company could continue to grow at a high-teens rate in the coming years. Despite the attractive growth prospects, this stock trades for eleven times earnings. Today it pays a 2% dividend yield, which is an added bonus.

A European stock consolidation software

Topicus.com (TSXV:TOI) is another under-the-radar stock that can be purchased for $1,000. Although Topicus sounds like some kind of fungal drug, it is in fact a portfolio of niche software companies across Europe.

Topicus emerged from its acclaimed parent company, Constellation software, a few years ago. Europe is an attractive place to own specialized software companies in the vertical market.

Europe has a diverse mix of countries, languages, rules, regulations and governments. All this requires specialized niche software. That means there are hundreds, if not thousands, of acquisition opportunities.

Topicus is growing by approximately 20% per year. This company generates a lot of money. Earlier this year it even paid out a special dividend.

This is not the cheapest share. However, after a recent pullback, stock valuations are undemanding. It can be a good time to buy stocks if you have a 5 or 10 year horizon.