Inventory market volatility continues to riddle the S&P/TSX Composite Index in 2026. Lower than per week to go earlier than March 2026, the Canadian benchmark index is but once more displaying indicators of volatility. The index is up by 34.46% within the final 12 months, and after just a few weeks of up and down motion, it’s hovering round new all-time highs.
The efficiency of the broader market signifies one other bull run, however not each TSX inventory has saved tempo with the remainder of the market. A number of high-quality progress shares path the remainder of the market by large margins. In lots of circumstances, the downturn in share costs brings shares all the way down to extra affordable ranges. Nonetheless, some conditions see shares of essentially stable companies turn out to be oversold, creating alternatives for traders looking for bargains out there.
Amongst these shares are the type of investments that may ship substantial long-term returns, which may flip small traders into massive gamers. At present, I’ll focus on two such shares you could contemplate including to your self-directed funding portfolio.

Supply: Getty Photos
Constellation Software program
Constellation Software program (TSX:CSU) is a $52.69 billion market-cap TSX tech inventory that doesn’t function like a typical tech firm. As a substitute of working a high-risk enterprise itself, Constellation acts like a Enterprise Capital agency that invests in well-established and worthwhile tech companies throughout a number of verticals. It then makes use of its expertise and funding to assist the underlying enterprise develop below its banner. In flip, the corporate grows its personal worth and delivers better returns to traders by capital positive aspects and dividends.
The corporate’s outcomes for Q3 revealed a 46% year-over-year hike in its free money circulate in fiscal 2025 in comparison with the identical interval final 12 months. Regardless of stable fundamentals, the inventory has declined considerably over the previous couple of months. As of this writing, it trades at a 53% low cost from its 52-week excessive, owing to the substitute intelligence (AI)-induced downturn throughout tech shares. It could be too attractively priced to disregard at present ranges.
Descartes Methods Group
Descartes Methods Group (TSX:DGS) is one other Canadian tech inventory struggling the influence of AI, however a serious downside for the inventory has been the altering international commerce panorama. DSG is a $7.89 billion market-cap chief in offering on-demand Software program-as-a-Service (SaaS) options that enhance the sustainability, safety, and productiveness of logistics-intensive companies.
The corporate primarily performs a vital position in streamlining international logistics by its platform. Altering international commerce dynamics have weighed on its efficiency within the inventory market. As of this writing, DSG inventory trades at a 43.72% low cost from its 52-week excessive. Regardless of the share worth downturn, its administration seems assured within the enterprise. Decartes retains including new capabilities to its platform, deepening its community, and changing into a go-to options supplier.
Whereas its position in international commerce is important, the inventory would possibly proceed feeling the influence of world commerce points. The corporate’s stable enterprise mannequin and choices place it for a robust restoration when the mud settles. It could be a discount so as to add to your self-directed portfolio at present ranges.
Silly takeaway
The expansion within the adoption of AI has impacted the tech business. In flip, it has impacted investor sentiment about firms like Constellation Software program. The worldwide commerce dynamic has been in a state of fixed change since President Trump got here into workplace, impacting firms like Descartes which might be feeling the influence of the worldwide commerce warfare.
Whereas there’s a risk of sustained weak point within the coming weeks, these two shares could be well-positioned to ship market-beating returns in the long term. Buying and selling at engaging share costs, these arguably undervalued shares will be good investments to think about at present ranges.
