Source: Getty Images <\/p>\n
Written by Amy Legate-Wolfe<\/a> at The Motley Fool Canada<\/p>\n The TSX30 was just announced and investors across Canada were quick to look at what companies made the cut. Yet today, we\u2019re not going to provide you with a simple list. No, we\u2019re going right to the top. We\u2019ll see which two Canadian companies made it to the very tippity top of the list. And more importantly, why?<\/p>\n The number one spot this year went to investment-household name Celestica (TSX:CLS<\/a>). Its shares surged by 380% in the last year alone! The company is a direct beneficiary of investment into communications, the cloud, and artificial intelligence<\/a> through its server builds. The supply chain solutions company has continued to beat out earnings quarter after quarter, reflecting durable demand in electronics manufacturing services (EMS). So let\u2019s look at those recent earnings.<\/p>\n During the second quarter, the company reported revenue rising 21% year over year, exceeding the high end of its guidance. Adjusted earnings per share (EPS) hit $1.39 compared to $0.90 last year, with connectivity and cloud solutions revenue rising 28%. The quarter was so good in fact that management raised the 2025 annual revenue outlook to $11.55 billion from $10.85 billion, with adjusted EPS to $5.50.<\/p>\n The second spot on the TSX today went to Lundin Gold (TSX:LUG<\/a>), as the gold miner\u2019s <\/a>share price surged by 192% in the last year as of writing. The company has been shown the love thanks to its ability to take the gold commodity and convert it into higher spot prices, with record cash flow and capital returns. So not only is it benefitting from a higher price in gold, but strong operating metrics as well.<\/p>\n This was seen during the gold stock\u2019s second quarter, with the TSX stock reporting record revenue at $453 million and net income at $196.7 million. Furthermore, there was a huge lift in gold produced and sold, especially at a realized price of $3.36 per ounce per quarter. And again, the company raised its guidance, along with Celestica, expecting between 490,000 to 525,000 ounces of gold produced.<\/p>\n So what\u2019s fuelling the power behind both of these companies? Sure, there are surges in AI stocks and gold, but it\u2019s more than that. Both TSX stocks have shown a demonstrable conversion of demand into profits and cash. Lundin now holds large cash dividends, with Celestica paying back shareholders through buybacks. Furthermore, upward revisions continue to make the stocks look attractive.<\/p>\n But we can\u2019t ignore the macro market context. Lundin\u2019s realized gold price is the single largest macro input to drive record results, and the price of gold is now nearing US$4,000 per ounce. Furthermore, Celestica\u2019s strong hardware platform growth shows even more demand for server and storage from hyperscalers and telecom. Together, these companies are rising higher on the backs of market drivers, and doing it well.<\/p>\n Of course what goes up this quick could go down, but again there\u2019s a reason for the momentum. While there are risks from shares surging as they have, with neither stock looking exactly cheap, the companies have also used the rise to their advantage. The TSX stocks both use the cash to reward shareholders and save for a rainy day. Therefore, together these are strong companies only getting stronger by beating out record results through a combination of micro and macro narratives. So it\u2019s clear not only why these companies are at the top of the TSX today, but also why they might stay there.<\/p>\n The post TSX30\u2019s Top Stocks: Who\u2019s Dominating Canada\u2019s Market Rally<\/a> appeared first on The Motley Fool Canada<\/a>.<\/p>\n Before you buy stock in Celestica Inc., consider this:<\/p>\n The Motley Fool Stock Advisor Canada analyst team identified what they believe are the 15 best stocks for investors to buy now\u2026 and Celestica Inc. wasn\u2019t one of them. The 15 stocks that made the cut could potentially produce monster returns in the coming years.<\/p>\n Consider MercadoLibre, which we first recommended on January 8, 2014 \u2026 if you invested $1,000 in the \u201ceBay of Latin America\u201d at the time of our recommendation, you\u2019d have $24,780.76!*<\/p>\n Now, it\u2019s worth noting Stock Advisor Canada\u2019s total average return is 101%* \u2013 a market-crushing outperformance compared to 66%* for the S&P\/TSX Composite Index. Don\u2019t miss out on our top 15 list, available when you join Stock Advisor Canada.<\/p>\n See the 15 Stocks <\/a><\/p>\n * Returns as of September 2nd, 2025<\/p>\n More reading<\/p>\n Fool contributor Amy Legate-Wolfe<\/a> has no position in any of the stocks mentioned. The Motley Fool recommends Celestica. The Motley Fool has a disclosure policy<\/a>.<\/p>\n 2025<\/p>\n","protected":false},"excerpt":{"rendered":"Source: Getty Images Written by Amy Legate-Wolfe at The Motley Fool Canada The TSX30 was just announced and…\n","protected":false},"author":2,"featured_media":188551,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[49,48,94434,18182,44],"class_list":{"0":"post-188550","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-canada","8":"tag-ca","9":"tag-canada","10":"tag-celestica","11":"tag-fool-canada","12":"tag-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/188550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=188550"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/188550\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/188551"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=188550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=188550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=188550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}