Whether or not the market is surging or falling, some shares at all times stand out as clear winners in the long term. These shares usually belong to firms with stable fundamentals, a protracted observe file of secure progress, and the flexibility to adapt to altering financial situations. As financial uncertainties proceed to maintain the Canadian inventory market unstable in 2024, it could possibly be the best time for buyers to think about including such high quality shares to their portfolios.

On this article, I’ll spotlight three profitable shares that may be nice additions to your long-term portfolio, no matter short-term market ups and downs.

Canadian Pacific inventory

First on my listing of profitable Canadian shares is Canadian Pacific Kansas Metropolis (TSX:CP). This Calgary-headquartered North American railway large presently has a market cap of $98.5 billion.

At the same time as macroeconomic and world pandemic-related challenges have made most shares unstable lately, CP inventory has been yielding optimistic returns for eight consecutive years. After having jumped almost 197% within the earlier eight years, it has risen 1.2% in January 2024 to presently commerce at $106.14 per share.

Within the first three quarters of 2023, Canadian Pacific’s whole income rose 39.3% YoY (12 months over 12 months) to $8.8 billion, whereas its adjusted earnings throughout these 9 months remained largely unchanged at $0.55 per share. Moreover the constant monetary progress, its strong steadiness sheet and well-established enterprise mannequin make it a very engaging Canadian inventory to carry for the long run.

Brookfield inventory

In instances of market uncertainty, the Canadian financials sector is usually seen as a secure haven, and Brookfield (TSX:BN) stands out on this sector. Moreover its non-public fairness funding enterprise, this Toronto-headquartered agency additionally focuses on managing a big asset base in varied sectors, together with infrastructure, actual property, and power. It presently has a market cap of $90.4 billion as its inventory trades at $55.12 per share after rallying round 34% within the final three months.

Within the 12 months led to September 2023, Brookfield’s distributable earnings stood sturdy at US$5.0 billion, with a notable improve in its fee-related earnings and robust funding efficiency.

Because the non-public fairness large maintains a concentrate on including new high quality belongings to its well-diverse portfolio, its earnings progress is more likely to stay sturdy in the long term, making BN one of the vital secure Canadian shares to personal for years to return.

Couche-Tard inventory

Alimentation Couche-Tard (TSX:ATD) could possibly be one other high Canadian inventory decide to think about in 2024. This Laval-based firm operates a big chain of comfort shops throughout 29 nations and territories. It presently has a market cap of $77.2 billion as its inventory trades at $80.59 per share after rallying by round 29% within the final 12 months.

Within the first half (led to October 2023) of its fiscal 12 months 2024, Couche-Tard’s adjusted earnings grew positively by 18.4% YoY to $1.22 per share, regardless of declines in its whole gross sales. Its optimistic earnings progress might primarily be attributed to a rise in its merchandise and repair gross margin, efficient price administration, and contributions from acquisitions. Furthermore, Couche-Tard’s enlargement plan with a continued concentrate on strategic acquisitions brightens its long-term progress outlook.