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 🟢)

5N Plus – VNP

Theme: Specialty Materials Riding Renewable Momentum

The company produces ultra-pure specialty metals and compounds for semiconductor, renewable energy, and aerospace applications. Management's successive guidance raises through the fiscal year reflect accelerating demand from both terrestrial solar infrastructure buildout and the space power sector, with a major customer relationship recently expanded across multiple years. The stock is outperforming the TSX as investors rotate toward materials plays with direct exposure to both the energy transition and critical supply chain reshoring. The company recently raised full-year guidance again and highlighted strong demand from its space solar program.

Telesat Corp – TSAT

Theme: LEO Constellation Nearing Commercial Reality

TSAT operates a legacy geostationary satellite fleet while building Lightspeed, a next-generation low-earth-orbit broadband network. The stock has captured relative strength as the company secured full funding for its constellation, locked in marquee aerospace and defense contracts, and moved closer to first launch later this year despite modest service timeline adjustments. Investors are rewarding the pivot toward high-growth LEO connectivity ahead of the TSX industrials complex, particularly as defense and Arctic connectivity budgets firm up. The company reported earnings alongside continued progress on Lightspeed funding and contract backlog, including defense-related demand.

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US Stocks (New This Week 🟢)

Ciena Corp – CIEN

Theme: Optical Infrastructure for the AI Era

Ciena designs and manufactures high-capacity optical networking equipment that connects data centers and telecom networks. The company is riding a sharp inflection in hyperscaler spending, with recent design wins at major cloud providers and the integration of next-generation co-packaged optics tailored for artificial intelligence workloads driving renewed order visibility. Relative outperformance versus the S&P reflects investor recognition that AI infrastructure demand extends well beyond chipmakers into the optical transport layer. Its recent earnings report showed strong order growth and improving backlog tied to AI-driven network upgrades.

Linde plc – LIN

Theme: Industrial Gases Benefiting from Structural Capex

Linde is the world's largest industrial gases company, supplying oxygen, nitrogen, hydrogen, and specialty gases to manufacturing, healthcare, and technology customers. The stock is hitting new relative highs as management outlined a robust multi-year project pipeline spanning semiconductor fabrication, space launch, and emerging hydrogen applications, while raising shareholder returns through consecutive dividend growth. The combination of long-cycle capital deployment visibility and exposure to AI-driven infrastructure investment is attracting quality-focused capital within the S&P materials sector. It recently reported a record project backlog and continued capital deployment into semiconductor and clean energy projects.

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

Curious about the full picture? See dozens of top-performing stocks this week, along with their sectors, market caps, 6-month performance, and whether they’re new, repeating, or on a streak - all in our weekly PDF report.

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