Buzz on the Bullboards: Stocks to watch as TSX hits new highs

This week, the TSX experienced a roller-coaster of wins and losses, yet managed to break a record high.

In the face of this dynamic trading environment, three companies have stood out for their notable achievements and promising outlooks.

When the Cleveland Cavaliers kick off their home opener against the Detroit Pistons next week, they’ll have Xtract One Technologies (TSX:XTRA, Forum) to thank for an added layer of security.

The AI-driven security solutions provider has seen its stock rise after the confirmation of its SmartGateway screeners’ installation at the Rocket Mortgage FieldHouse, home of the NBA’s Cavaliers, back in Q2 2024. The Rocket Mortgage FieldHouse, described as “northeast Ohio’s premier sports and entertainment facility,” is host to nearly 2 million people annually for various events, including major concerts, family shows and sports tournaments.

The SmartGateway’s AI sensors significantly enhance security by increasing throughput up to 10 times compared with traditional metal detectors, all while maintaining patron privacy. This technology has earned the U.S. Department of Homeland Security’s SAFETY Act Designation, pointing to its effectiveness in public safety. The Cleveland Cavaliers and the Rocket Mortgage FieldHouse are part of Rock Entertainment Group, under the ROCK family of companies led by Cavaliers chairman Dan Gilbert.

In the healthcare sector, Therma Bright Inc. (TSXV:THRM, Forum) made headlines with its innovative diagnostic and medical device technologies. The company recently announced its partnership with Quantify Medical, a nationwide U.S. medical device distributor. This partnership has shown promising preliminary success with the Venowave VW5 device sales and its Medicare/Medicaid reimbursement program.

The Venowave VW5, a compact, battery-operated peristaltic pump, enhances vascular and lymphatic flow in the lower limbs. It is the first device of its kind to receive a permanent Medicare and Medicaid HCPCS Level II code, qualifying for reimbursement for 10 indications. Quantify Medical plans to acquire the remaining Venowave VW5 inventory, potentially representing up to US$2.38M in reimbursement.

Laurion Mineral Exploration Inc. (TSXV:LME, Forum) has also captured investor attention, particularly with its president and CEO, Cynthia Le Sueur-Aquin, increasing her stake in the company. She exercised a total of 750,000 stock options, investing $142,500 into Laurion. Following these transactions, she now holds more than 17 million common shares, reinforcing her position as the largest shareholder. Le Sueur-Aquin has expressed her intent to hold these shares for investment purposes, signalling strong confidence in the company’s future.

As the TSX continues to navigate through its ups and downs, these companies exemplify the diverse opportunities available to investors. Keeping your investment profiles up to date can help you capitalize on the gains the TSX and TSX Venture have to offer.

For previous editions of Buzz on the Bullboards, click here.

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(Top image generated with AI)