The Canadian stock market, like its global peers, remained volatile in 2022 due to macroeconomic headwinds. However, with a decline of about 8.5%, the S&P/TSX Composite Index outperformed the S&P 500 Index (SPX), which fell more than 19%. Even as the broader markets remained volatile, top analysts continued to pick winning stocks and generate impressive returns.
In this context, let’s use the TipRanks Expert Hub to identify the top five Canadian analysts of 2022 who outperformed their peers.
#1 Jeremy McCrea (Raymond James)
Jeremy Mccrea’s highest rating was on Crew Energy (IS: CR), a natural gas producer. His buy rating on CR shares between March 9, 2022 and June 9, 2022 generated an outstanding return of 74.4%.
#2 Aaron Bilkoski (TD Securities)
Aaron Bilkoski’s main recommendation also concerns Crew Energy shares. Its bullish call on March 9, 2022 and June 9, 2022 yielded a return of 74.4%.
#3 Robert Fitzmartyn (Stifel Nicholas)
Like Mccrea and Bilkoski, Crew Energy stock was Robert Fitzmartyn’s top pick in 2022. Fitzmartyn’s call to buy CR stock generated a return of 74.4% between March 9, 2022 and March 9, 2022. June 2022.
#4 Keith Mackey (RBC Capital)
Keith Mackey’s top recommendation for 2022 was Precision Drilling (EAST: DB), a drilling contractor. Thanks to his bullish call on PD, Mackey amassed a stellar gain of 83.6% from January 14, 2022 to April 14, 2022.
#5 Chris MacCulloch (Gardens)
Chris MacCulloch’s top recommendation was Pine Cliff Energy (EAST: PNE), which is engaged in the exploration and production of natural gas, natural gas liquids and crude oil. The analyst generated a solid return of 108.4% on the Buy recommendation on PNE between March 10, 2022 and June 10, 2022.
These top analysts have generated stellar returns from their stock picks, regardless of macroeconomic headwinds. As the macroeconomic environment remains uncertain, following top analysts could benefit retail investors. Investors can use the TipRanks platform, which accumulates ratings from top experts, while making investment choices.