Let our #1 picks spur your gains: CP Rail, CGI and Fortis

Article Excerpt

For 2021, we have singled out three stocks as #1 buys for you, one from each of our portfolios—Conservative, Aggressive and Income. All three are in a strong position to weather the current wave of COVID-19. Each is also poised for solid gains as new vaccines help kick-start global economic growth. CANADIAN PACIFIC RAILWAY LTD. $461 is your #1 Conservative Buy for 2021. The company (Toronto symbol CP; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 134.5 million; Market cap: $62.0 billion; Price-to-sales ratio: 8.0; Dividend yield: 0.8%; TSINetwork Rating: Above Average; www.cpr.ca) transports freight over a 22,000-kilometre rail network in Canada as well as the U.S. Midwest and Northeast. This is the third year in a row we’ve picked CP as our #1 Conservative stock. As one of Canada’s two major railways (CN Rail is the other), the company plays a vital role in the country’s economy. That’s why, despite the huge disruptions caused by COVID-19, the stock still posted an impressive gain of…