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Smartest Mid-Caps to Snap Up for Just $2,800 Today

When seeking a balance between moderate risk and appealing returns, mid-cap stocks can be a suitable choice for investors. These stocks generally fall into the category of companies with a

market cap

varying from $1 billion to $10 billion.

Typically, these firms are well-established with a proven track record. They do not rely heavily on a single client and usually operate across different regions. Despite this stability, these companies often possess significant potential for future growth. As such, shares of mid-sized enterprises could potentially increase several fold going forward.

Should you find yourself with $2,800 at hand, consider allocating $700 to each of these four mid-cap stocks.

Mid-Cap Stock MDA: Soaring Skyward?

At a share price of $26.15,

MDA Space

(

TSX:MDA

It has a market capitalization of $3.2 billion.

space

The economy is a swiftly expanding field. Sectors such as communication, data management, the internet, logistics and transportation, meteorology, and defense all depend on space for certain aspects of their functions.

MDA has emerged as an essential and pioneering supplier for components within the aerospace sector. Often, it stands out as among the few comprehensive providers capable of delivering such capabilities.

Over the last few years, its backlog has grown significantly. With a present value of $4.8 billion, the backlog is expected to drive multiple years of substantial expansion. Given that the stock price has dipped lately, now might be an opportune moment to consider adding this medium-sized company’s shares to your portfolio.

Aritzia

Aritzia

(

TSX:ATZ

It carries a price tag of $65.51 with a market capitalization of $7.5 billion. The share price for this stock tends to fluctuate significantly. Over the last month, its value has surged by 55%. Therefore, purchasing at this level doesn’t seem advisable. Nonetheless, should concerns about tariffs or trade wars cause a dip in the future, it might present an intriguing opportunity.

Aritiza presents an outstanding selection of brands, boutiques, and apparel. The store appears to strike the perfect balance with its range of products, ensuring high quality and freshness that resonate well with its customers.

The firm has achieved significant momentum in the United States, and this trend is expected to persist as a key growth catalyst for numerous years ahead, prior to initiating international expansion. Additionally, the corporation boasts an exceptionally robust and liquid financial position, providing it with the capability to pursue development opportunities and sustain economic stability.

Trisura Group

Trisura Group

(

TSX:TSU

The shares trade at $37.84 each, giving the company a market capitalization of approximately $1.8 billion. This firm offers specialized and fronting insurance services across the United States and Canada. They hold a leading market presence in Canada and are rapidly expanding their footprint in the U.S.

For the last several years, the firm has focused on expansion. These efforts will begin yielding returns starting in 2025 and extending further into the future.

It might take some time, however, if Trisura succeeds in execution, there could be significant potential for growth. When comparing this mid-cap stock against others in the specialized insurance sector, it appears relatively inexpensive.

TFI International: A medium-sized company rebound opportunity if you can handle the volatility.

A different stock that has lately been downgraded to mid-cap status is

TFI International

(

TSX:TFII

It is currently trading at $125 with a market capitalization of $10.5 billion. The stock has lost favor due to several poor financial reports that have caused it to decline.

Although this isn’t exactly an investment pitch, TFI is a company built on solid foundations. The backbone of its success lies in a strategic series of acquisitions. Additionally, it boasts a dedicated leadership team skilled at optimizing these businesses. Finally, the essential transport components underpinning the firm are robust.

The management team needs to address operational issues. Nonetheless, once the freight downturn ends, their efficiency will likely reach new heights. Consequently, this could lead to positive returns for shareholders. Though this might not happen immediately, the stock appears fairly promising.

cheap

Today, this adds a higher-risk/higher-reward dynamic to the scenario.

The post

The Most Intelligent Mid-Cap Stocks to Purchase With $2,800 at This Moment

appeared first on

The Motley Fool Canada

.

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  Where I’d Put $3,500 in the TSX Right Now
  

Fool contributor

Robin Brown

holds stakes in Aritzia, TFI International, and Trisura Group. The Motley Fool has investments in and endorses Aritzia and Trisura Group. Additionally, The Motley Fool endorses TFI International. The Motley Fool has a

disclosure policy

.