acquisition

The Successful Investor is highlighting three stocks as your top picks for new buying in 2022. One is from the newsletter’s Conservative portfolio, the second from its Aggressive portfolio and the third from its Income portfolio.


All three stocks performed well in 2020 and 2021 despite COVID-19 disruptions....

CP Rail has been one of our favourite stocks over the past two decades. In fact, we made it the #1 Conservative Buy for our flagship newsletter The Successful Investor in 2019, 2020 and 2021. Our confidence has been rewarded: In the past three years, the stock has gained an impressive 88.9% compared to just 41.7% for the S&P/TSX Composite Index.

We feel CP’s merger with U.S.-based railway Kansas City Southern will push the stock even higher over the next few years.

While big takeovers like this always entail risk, the purchase will greatly extend CP’s reach in the U.S....

CROCS INC., $125.70, symbol CROX on Nasdaq, makes casual footwear for men, women, and children. It is best known for its molded shoes featuring Croslite, a non-toxic foam material that aims to give its footwear a soft, comfortable feel. Crocs have sold more than 720 million pairs of shoes in over 90 countries worldwide since its launch in 2002.

On December 23, 2021, the company announced the $2.5 billion acquisition of Heydude, a privately owned casual footwear brand based in Italy....

CONAGRA BRANDS INC., $34.75, New York symbol CAG, is still a buy.

Through your shares, you tap the maker of some of North America’s most popular food brands. They include Chef Boyardee canned pasta, Hunt’s tomato sauce, Orville Redenbacher popcorn and Reddi-wip whipped cream.

The company is facing higher costs for ingredients and shipping, which is squeezing its profits....

GARMIN LTD., $130.95, is a buy. The company (symbol GRMN on New York) makes GPS devices and software for five different markets: fitness, outdoors, auto, aviation, and marine.

Garmin recently transferred the listing of its shares from Nasdaq to the New York exchange....

NUTRIEN LTD., $87.47, Toronto symbol NTR, remains a buy.

The company is the world’s largest producer of agricultural fertilizers. It took its current form on January 1, 2018, when Agrium Inc. (old symbol AGU) merged with rival Potash Corp. of Saskatchewan (old symbol POT).

Potash Corp....

CANADIAN PACIFIC RAILWAY $93.19, is still a buy. The company (Toronto symbol CP; shares outstanding: 929.7 million; Market cap: $87.2 billion; Rating: Above Average; Dividend yield: 0.8%) has now completed the first stage of its $31 billion acquisition of U.S.-based Kansas City Southern.


CP has deposited its KCS shares into an independent voting trust while the U.S....

CENOVUS ENERGY, $16.58, remains a buy for long-term gains. The company (Toronto symbol CVE; Shares outstanding: 2.0 billion; Market cap: $32.9 billion; TSINetwork Rating: Extra Risk; Dividend yield: 0.8%; www.cenovus.com) continues to sell less-important assets to pay down the debt it took on as part of the Husky acquisition.


On January 1, 2021, the Cenovus completed its acquisition of rival oil producer Husky Energy Inc....

With a focus on renewable energy, these two power generators hold a lot of conceptual appeal for investors. But just as important, they have stable cash flows from their diverse mix of hydroelectric, wind and solar assets. That diversity, plus their long-term contracts, will let these utility firms continue to build out their operations and add to their sustainable dividends.


TRANSALTA RENEWABLES, $18.24, is a buy. The company (Toronto symbol RNW; Shares o/s: 266.9 million; Market cap: $5.0 billion; TSI Rating: Extra Risk; Divd....

Carrier has soared 258% and Otis is up 86% since Raytheon Technologies Corp. (New York symbol RTX), formerly United Technologies (old symbol UTX) spun them off in April 2020. For each UTX share they held, investors received 0.5 of a share in Otis and 1 share in Carrier.


Both spinoffs should continue to move higher over the next few years, particularly as the new U.S....