Three stocks to fuel your 2022 returns

Article Excerpt

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. That success will help them as the Omicron variant spreads. Moreover, each of these 2022 stocks of the year trades at an attractive multiple to its earnings. That helps cut your risk. CANADIAN PACIFIC RAILWAY LTD. $95 is your #1 Conservative Buy for 2022. The company (Toronto symbol CP; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 929.6 million; Market cap: $88.0 billion; Price-to-sales ratio: 7.8; Dividend yield: 0.8%; TSINetwork Rating: Above Average; www.cpr.ca) transports freight over a 23,700-kilometre rail network in Canada as well as the U.S. Midwest and Northeast. This is the fourth year in a row we’ve picked CP as our #1 Conservative stock. Due to the vital role it plays in Canada’s economy, the…