5 Best TSX Stocks to Buy Right Now

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1. Shopify Inc. (TSX: SHOP.TO)

Shopify Inc. (TSX: SHOP.TO) is an Ottawa-based e-commerce company. It is placed first on our list of 10 best TSX stocks to buy right now. The company was founded in 2006 and is the largest online retail platform in Canada. Shopify stock has returned more than 30% to investors over the past twelve months. The company has received positive ratings from investment advisories over the past few months, with Stifel starting coverage on Shopify in March. The company also sells point of sale systems to different businesses. 

On April 29, investment firm Roth Capital upgraded Shopify Inc. (TSX: SHOP.TO) to Buy from Neutral after the e-commerce firm posted impressive quarterly results. American retailer Amazon.com, Inc. (NASDAQ: AMZN) is a direct competitor of the Canadian firm. Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Amazon.com, Inc. (NASDAQ: AMZN) with 4.9 million shares worth more than $16 billion. 

You can also take a peek at 10 Best Travel Stocks to Buy Right Now, and 10 Best Automotive Stocks to Invest in Now.

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