Toromont Industries (TIH.TO)

Toromont Industries (TIH-T) is positioned well within the infrastructure theme, leveraging its status as the largest Caterpillar dealer in Canada. The company benefits from a stream of recurring high-margin servicing revenue and emerging AI data center infrastructure spending. Despite the optimism, many experts suggest that the stock has seen significant run-up and has a lot of expectations priced in; thus, a moderate position is recommended. There is a general bull sentiment towards industrials entering phase 2 of the market cycle, which typically favors such stocks. However, concerns about high valuation and potential delays in major projects lead experts to advocate waiting for a pullback before purchasing more shares.