Top stocks for safety-conscious investors

Article Excerpt

Here are two of our top safety-conscious recommendations. Both have strong growth ahead. Look for that to spur their share prices and your returns. CANADIAN PACIFIC RAILWAY $100.65, is a buy. The company (Toronto symbol CP; shares outstanding: 930.1 million; Market cap: $94.5 billion; Rating: Above Average; Dividend yield: 0.8%) ships freight over a 23,700-kilometre rail network, mainly between Montreal and Vancouver. It also links to hubs in the U.S. Midwest and Northeast. The company is now completing the purchase of U.S.-based railway Kansas City Southern for $28 billion U.S. Meantime, CP’s revenue in the three months ended September 30, 2022, rose 19.1%, to $2.31 billion from $1.94 billion a year earlier. The revenue gain was due to higher volumes of potash and other fertilizers, forestry products, grain, metals and minerals, and automotive products. Excluding one-time items, earnings in the quarter jumped 59.6%, to $945 million from $592 million. Earnings benefitted from CP’s share of KCS’s earnings, which totalled $221 million. Due to the extra shares issued to…