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The third wave of COVID is wreaking havoc across Canada. Indeed, from a risk perspective, it can be difficult for many investors to justify the valuations on the TSX today.
However, those worried about a market correction need not worry.
These top picks are defensive companies with growth potential I think are perfect for long-term investors to consider today.
Enbridge
Enbridge (TSX:ENB)(NYSE:ENB) has remained one of my top picks for a while. Indeed, long-term investors will likely be extremely happy with this company’s strong fundamentals and sustainable business model. I believe it is one of the strongest high-yielding energy plays on the TSX right now.
S&P/TSX composite falls as base metals and health-care drop, offset by financials - Medicine Hat NewsMedicine Hat News
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TORONTO, April 5, 2021 /PRNewswire/ - Spin Master Corp. (TSX: TOY) (www.spinmaster.com), a leading global children s entertainment company, today announced the nomination of Ed Clark and Max Rangel to the company s Board of Directors. Clark will join the Board as Deputy Chair while Rangel will serve as a Director. Both will stand for election at Spin Master s Annual General Meeting on May 6, 2021. Ed is a legendary Canadian business leader with demonstrated experience of driving significant growth and stewarding large, successful companies, said Anton Rabie, Spin Master s Co-Founder. We are so privileged to have him join the Board as Deputy Chair, bringing his deep business and governance experience to help guide Spin Master s next phase of growth.
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Investors just can’t seem to find time to relax these days. I mean, there’s a lot going on, to say the least. The pandemic has driven heightened volatility in the markets. There’s a growth to value rotation underway. And cryptocurrencies and speculative asset classes are outperforming equities by a wide margin.
That said, for those looking to stick with good-old-fashioned stocks, I’ve got three excellent picks.
Algonquin Power
Indeed,
Algonquin Power & Utilities Corp.(TSX:AQN)(NYSE:AQN) continues to be one of my top picks in the utilities space today.
This utility company’s business models is one of the most enticing of its peers. Built upon a rock-solid regulated utilities base, Algonquin’s cash flows are extremely stable. However, the company also provides investors with excellent long-term growth potential via its growing renewables portfolio. This has understandably grabbed the attention of many long-term dividend
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