It’s time to look past the Magnificent Seven and invest in these standout Canadian tech stocks

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 28 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 179%
  • Publisher: 92%

Canadian News News

Canada News,Breaking News Video,Canadian Breaking News

Domestic companies bring big opportunities too

The Magnificent Seven continues to get a lot of attention, and with good reason. Some of these tech stocks have posted huge profits this year, despite the sell-off at the end of last week.All very impressive. But you could have done almost as well investing in home grown technology stocks, leaving foreign exchange aside.

Celestica has two operating segments: Advanced Technology Solutions and Connectivity & Cloud Solutions . Revenue for the quarter to the end of September was $2.2 billion, compared to $1.7-billion in the same period last year, an increase of 26 per cent. Free cash flow was $421-million, an increase of 52.5 per cent from $276-million a year ago. The company reported net income of $344-million , up from $173-million a year ago.: Fourth quarter revenue is expected to grow at a mid-to-high-twenties percentage rate on a year-over-year basis.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Magnificent Seven stocks: Ride with them or avoid?Five thing investors can learn about tech stocks from finance professor Lucy Ackert
Source: globeandmail - 🏆 5. / 92 Read more »

Dow sinks, Disney to appoint Iger's successor in 2026: Yahoo FinanceThe Dow Jones Industrial Average is falling (^DJI) as investors brace for the beginning of “Magnificent Seven” earnings, which will kick off with Tesla (TSLA...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stocks under pressure, Boeing secures tentative agreement with striking workers: Yahoo FinanceUS stocks (^DJI,^GSPC, ^IXIC) are under pressure after securing their sixth straight week of gains on Friday. Investors are bracing for “Magnificent Seven...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »