In investing, the secret is self-discipline, persistence, and timing. These are key attributes of a profitable investing technique. On this article, I’ll focus on three Canadian shares to purchase as we watch for the following bull market.

Why make investments now?

Nicely, the TSX index is 7% decrease than 2022 highs. Some shares, particularly, are considerably decrease.  As their valuations have deflated, alternatives have arisen. The affected person investor would have stood apart in 2022, ready for decrease valuations. The disciplined would act now although it feels harmful. And those that search for the fitting timing would know that this isn’t an ideal science. Absolutely the backside will be inconceivable to foretell. Thus, being within the neighborhood of the underside is sweet sufficient.

So, valuations as we speak are much more cheap than final yr. And though the market seems to be like a a lot scarier place, it looks as if a good suggestion to purchase into the concern. Listed below are three high quality Canadian shares to place your self for the following bull market. These corporations have robust money flows, robust steadiness sheets, and vibrant futures.

Altagas

Altagas Ltd. (TSX:ALA) is a really fascinating Canadian inventory that offers traders an important steadiness of security and upside. You see, half of Altagas’ enterprise is in the utilities sector, which is regulated. The opposite half of the enterprise is within the midstream power sector. This enterprise consists of pure fuel gathering and processing belongings, in addition to pure fuel export terminals. These terminals help Altagas’ world export platform.

Each of those companies have proven robust development charges in recent times. This has pushed the corporate’s 230% income development within the final 5 years to $14 billion. Additionally, Altagas was capable of enhance its steadiness sheet and develop its dividend properly to turn into a prime Canadian dividend inventory. Actually, the dividend sits 53% larger as we speak in comparison with 5 years in the past. But, Altagas inventory has fallen 7.4% over that very same timeframe.  

So, when a bull market arrives, I’ve little question that Altagas inventory will climb larger.

Suncor Power

Regardless of the noise that has adopted Suncor Power Inc. (TSX:SU) round in the previous couple of years, this Canadian inventory stays a narrative of operational and monetary success. Actually, the corporate has a powerful return on fairness (ROE) of 24%, and it posted money movement development of 33% in 2022 to $15.7 billion.

To prime that off, Suncor inventory is yielding a really beneficiant 5.2%, making it a prime Canadian dividend inventory. Additionally, it’s presently very low cost. Actually, Suncor trades at a price-to-cash movement a number of of a mere 2.9 instances (in comparison with 3.4 instances for its peer group). It’s clear to me that Suncor inventory is the underdog as we speak. However that is undeserving, as Suncor is an oil and fuel powerhouse, with a well-diversified enterprise and robust and regular money flows.

For instance, 2022 was a file yr for Suncor. Additionally, within the final 20 years, Suncor inventory’s dividend has elevated at a compound annual development price of 17%.

Nicely Well being Applied sciences

Whereas Nicely Well being Applied sciences Corp. (TSX:WELL) is certainly in an business that we’d describe as defensive, it’s under no circumstances with out its dangers.  You see, Nicely Well being is an rising participant that’s shaking up the healthcare business with its digital options. So, it’s a younger firm, and that, in and of itself, poses dangers.

However outcomes have been constantly robust over the previous couple of years. Final quarter, the corporate reported a 47% enhance in income to $145.8 million – a file. This was pushed by acquisitions and an 18% natural development price. Robust affected person engagement hit a file, and digital companies soared 191%. All of this led to administration elevating steering for the fourth consecutive quarter.

Immediately, Nicely Well being inventory is 38% decrease than it 2021 highs.