Sharesight users' top 20 trades in TSE stocks for 2022

Each year, Sharesight looks back at the top 20 buy and sell trades made by Sharesight users throughout the year. Welcome to the 2022 edition of our annual trading snapshot, where for the first time, we explore the top trades users made in stocks on the Toronto Stock Exchange (TSE or TSX), plus the market-moving news behind some of these stocks.

Top 20 TSE stocks traded in 2022

In this annual snapshot, trades were led by Enbridge (TSE: ENB), which saw its share price fluctuate throughout 2022, ultimately ending the year up by 6% (as at the time of publishing). Trades were followed by Bank of Nova Scotia (TSE: BNS), which saw its share price plummet in 2022, ending the year down over 28%. Overall, it was a year dominated by trades in banking and financial services stocks, with seven of the top 20 trades belonging to stocks in these sectors.

Let’s look at the news behind some of the key stocks in this year’s snapshot:

Enbridge (TSE: ENB)

• February: Enbridge reports strong profit fuelled by rise in oil volumes
• August: Enbridge acquires 30% stake in Woodfibre LNG
• September: Acquires US green power company Tri Global
• October: Appoints Greg Ebel as new CEO
• November: Enbridge profit rises due to strong energy demand

Bank of Nova Scotia (TSE: BNS)

• March: Enters agreement with Grupo Said to acquire firm’s 16.8% stake in Scotiabank Chile
• April: Scotiabank CEO condemns government bank tax
• May: Exceeds Q2 profit estimates; flags challenges ahead
• August: Misses Q3 profit estimates due to drop in capital markets income
• November: Share price rises 6.5% in November

Toronto Dominion Bank (TSE: TD)

• February: TD to acquire First Horizon for US$13.4 billion
• July: TD explores takeover of US brokerage firm Cowen
• August: Confirms plan to buy Cowen for US$1.3 billion
• December: Q4 profit beats expectations

Telus Corp (TSE: T)

• May: Telus plans to invest C$11 billion in Quebec to generate jobs
• August: Net income skyrockets 45% in Q2 due to rise in mobile, internet customers
• September: Completes C$2.3 billion acquisition of LifeWorks
• November: Tribunal finds evidence of Telus’ interference in Rogers-Shaw merger

Suncor Energy (TSE: SU)

• February: Suncor CEO vows to fix company’s safety and operational problems
• July: Suncor CEO steps down following latest oil sands mine fatality
• August: Suncor’s Q2 profit increases fourfold; plans to divest assets
• November: Forecasts higher spend in 2023, fuelled by higher inflation, rising interest rates and geopolitical tensions

Canadian Natural Resources (TSE: CNQ)

• January: CNR forecasts higher spending, production in 2022
• March: Exceeds quarterly profit estimates, raises dividend
• August: CNR’s Q2 profit skyrockets by 125%, company announces special dividend
• November: Beats quarterly profit expectations again, raises dividend

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FURTHER READING

• Subscribe to Sharesight20 trading snapshots
• How Sharesight calculates your investment performance
• Sharesight users' top 20 trades in US stocks for 2022