What are the Hottest Stock Picks on Globe and Mail?

What are the Hottest Stock Picks on Globe and Mail?

The Globe and Mail is a reputable Canadian news outlet that covers a wide range of topics, including finance and investing. In recent weeks, the publication has highlighted a few stocks that are generating a lot of buzz among investors. Here are some of the hottest stock picks on Globe and Mail and why they are worth considering.

1. Shopify Inc. (SHOP)

Shopify is an e-commerce company that provides a platform for small and medium-sized businesses to sell their products online. The company has experienced tremendous growth in recent years, thanks to the increasing popularity of online shopping. In the second quarter of 2021, Shopify reported revenue of $1.1 billion, up 57% year-over-year. The company also raised its full-year revenue forecast, which bodes well for its future prospects.

Investors who believe in the long-term potential of e-commerce may want to consider adding Shopify to their portfolios. However, it's worth noting that the stock has a high valuation, which may give some investors pause.

2. Canadian National Railway Co. (CNR)

Canadian National Railway is a transportation company that provides rail and intermodal services throughout North America. The company has a vast network of tracks and terminals, which enables it to transport a wide range of goods, including energy, grain, and automotive products.

Canadian National Railway reported strong second-quarter results, with revenue of $3.6 billion, up 12% year-over-year. The company also announced a dividend increase, which is always a positive sign for investors.

Investors who are looking for a stable, dividend-paying stock with a solid track record may want to consider Canadian National Railway.

3. Brookfield Renewable Partners LP (BEP)

Brookfield Renewable Partners is arenewable energycompany that owns and operates a portfolio of hydroelectric, wind, solar, and storage facilities. The company has a global presence, with operations in North America, South America, Europe, and Asia.

The demand for renewable energy is growing rapidly, as more and more countries commit to reducing their carbon emissions. Brookfield Renewable Partners is well-positioned to benefit from this trend, given its diverse portfolio of assets.

Investors who want to invest in the future of renewable energy may want to consider Brookfield Renewable Partners. The company also offers a relatively high dividend yield, which could appeal to income-oriented investors.

4. Manulife Financial Corp. (MFC)

Manulife Financial is aninsurance and financial servicescompany that operates in Canada, the United States, and Asia. The company offers a wide range of products, including life insurance, health insurance, and investment management services.

Manulife Financial reported strong second-quarter results, with core earnings of $1.7 billion, up 19% year-over-year. The company also announced a dividend increase, which is always a positive sign for investors.

Investors who are looking for a stable, dividend-paying stock with exposure to the insurance and financial services sector may want to consider Manulife Financial.

Conclusion

These are just a few of the hottest stock picks on Globe and Mail right now. As with any investment, it's important to do your own research and consider your own risk tolerance before making a decision. However, these stocks all have strong fundamentals and are well-positioned to benefit from long-term trends in their respective industries.