3 Stocks to Buy Amid Current Market Sell-Off
The Toronto Stock Exchange (TSX) experienced a temporary peak at the beginning of March 2026. However, the excitement was short-lived as the market faced a significant sell-off. On March 3, the TSX dropped by 756 points, reflecting a 2.2% decrease. This decline was largely attributed to renewed military conflicts in the Middle East, which raised concerns over oil supply disruptions.
Importance of Diversification
Given the current volatility, investors are advised to diversify their portfolios. Focusing on companies with robust balance sheets and ample cash flow can be a strategic move. In this uncertain climate, three stocks stand out as viable options:
- Canadian Natural Resources (TSX: CNQ)
- Fortis (TSX: FTS)
- Rogers Sugar (TSX: RSI)
Canadian Natural Resources (TSX: CNQ)
Canadian Natural Resources is a leading player in the oil and gas sector, boasting a market capitalization of $92 billion. The company is well-positioned to mitigate potential oil price fluctuations and combat inflation.
- Dividend growth: 25 consecutive years
- Break-even price: US$40 per barrel of WTI
- Current stock price: $60.24
- Year-to-date gain: 29.6%
- Dividend yield: 3.87%
The company’s low operating costs and stable production make it a strong investment choice during turbulent times.
Fortis (TSX: FTS)
Fortis stands out as a reliable investment option due to its steady dividend growth. The electric and gas utility company, valued at $39.8 billion, serves customers across Canada, the U.S., and the Caribbean.
- 52 years of dividend growth
- Current stock price: $78.73
- Year-to-date increase: 11.25%
- Dividend yield: 3.23%
- Five-year capital plan (2026-2030): $28.8 billion
This well-executed capital plan supports a projected annual dividend growth of 4%-6% through 2030.
Rogers Sugar (TSX: RSI)
Rogers Sugar operates within the consumer staples sector, focusing on refining and selling sugar and maple syrup. This low-growth, yet stable company offers consistent dividends, making it attractive in a fluctuating market.
- Current stock price: $6.65
- Year-to-date increase: 11.8%
- Dividend yield: 5.46%
- Fiscal 2025 net earnings: $64.4 million (up by nearly 20% from fiscal 2024)
Mike Walton, President and CEO, highlighted the company’s resilience in a challenging market environment.
Conclusion
The ongoing geopolitical tensions in the Middle East may result in further market instability. By investing in companies that provide essential services—energy, electricity, and food—investors can secure financial stability during challenging times.
