Benchmark Beaters is a weekly report tracking stocks making new highs relative to their benchmark. Each week we surface new leaders, repeat outperformers, and sustained streaks - objectively and consistently.

Benchmark Beaters Weekly

Every week, our Benchmark Beaters screener identifies the Canadian and US stocks that are outperforming their benchmarks. Each blog post highlights 2 Canadian and 2 US “new” stocks - with a 1-year price chart, a quick business description, and a brief investment insight.

Canadian Stocks (New This Week 🟢)

Magellan Aerospace – MAL

Theme: Defence Procurement Cycle Lifting Aero Supplier

Magellan designs, engineers, and manufactures aero-engine and aerostructure components for aerospace and defence markets across Canada, the United States, and Europe. The company reported a meaningful earnings beat on its most recent quarter, with revenue and margins improving as defence procurement activity accelerates globally, and TD Securities subsequently raised its price target. Investors are rotating into domestic aerospace suppliers with direct exposure to long-cycle government contracts as allied nations continue increasing defence budgets, and Magellan is capturing that tailwind.

ADF Group – DRX

Theme: Backlog Expansion Drives Infrastructure Re-Rating

ADF Group fabricates and installs complex steel superstructures for non-residential construction projects across Canada and the United States, including transportation infrastructure, commercial buildings, and hydroelectric facilities. The company recently announced a new contract series totalling over $150 million, including a four-year master contract in the Quebec hydroelectric sector, and its order backlog has expanded to a record level providing strong multi-year revenue visibility. With a major earnings beat in the prior quarter and a fiscal year-end results call imminent, investors are repricing ADF's earnings potential as domestic infrastructure spending and US construction exposure continue to compound.

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US Stocks (New This Week 🟢)

Sandisk Corporation – SNDK

Theme: NAND Supercycle Meets AI Storage Demand

Sandisk develops and manufactures NAND flash-based data storage solutions — solid state drives, embedded storage, and removable media — with a growing concentration in enterprise and hyperscale data centre applications. The company delivered a blowout quarter with revenue surging dramatically year over year and gross margins expanding significantly, driven by an AI-related storage demand surge that has tightened NAND supply and lifted pricing across the industry. The upcoming addition to the Nasdaq-100 index and continued analyst price target increases are reinforcing institutional momentum in a name that has re-rated sharply as the market recognizes enterprise flash storage as a structural beneficiary of AI infrastructure buildout.

Comfort Systems USA – FIX

Theme: AI Infrastructure Buildout Drives Backlog Record

Comfort Systems provides mechanical and electrical installation services — HVAC, plumbing, piping, and fire protection — for commercial, industrial, and institutional facilities, with dominant exposure to hyperscale data centre construction. The company reported a stunning quarter with revenue and earnings dramatically ahead of consensus, surpassing one billion dollars in both net income and operating cash flow for the first time in company history, while its backlog nearly doubled year over year to a record level. As technology companies accelerate physical AI infrastructure buildout and Comfort Systems expands its modular manufacturing capacity, the market is repricing FIX as a critical execution-layer play in the multi-year industrial supercycle rather than a conventional HVAC contractor.

🔒 See all New, Repeat, and Streak stocks this week - download the full report

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