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The equity markets continue to touch record highs, despite a sluggish global economy and rising COVID-19 cases. While technology stocks have crushed the broader markets in the last year, there are a few companies that are still available at attractive valuations. Here, we’ll look at three such stocks that should move higher in May 2021.
Brookfield Renewable Partners
While
Brookfield Renewable Partners (TSX:BEP.UN)(NYSE:BEP) has been a solid wealth creator for long-term investors, it is currently trading 20% below its record high. This gives investors an opportunity to buy a stock with a forward yield of over 3%.
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Dividend stocks are a great way for investors to build a passive-income stream. While no dividend is ever going to be guaranteed over the long term, there are plenty of dependable Dividend Aristocrats trading on the
TSX.
The COVID-19 market crash drove up yields for many dividend stocks that saw a drop in share price. It was not uncommon to see a Canadian dividend stock yielding upwards of 5% in 2020.
The current bull run is beginning to drive yields back down to pre-COVID-19 levels. It’s not as easy to find a 5% yield today, but that doesn’t mean it’s difficult to find a top dividend stock for your portfolio.
Author Bio
Matthew is a senior energy and materials specialist with The Motley Fool. He graduated from Liberty University with a degree in Biblical Studies and a Masters of Business Administration. You can follow him on Twitter for the latest news and analysis of the energy and materials industries: Follow @matthewdilallo
The energy market is undergoing a techonomic shift. Global economies are in the process of switching from fossil fuels to cleaner alternatives like renewable energy. It s a massive undertaking that could cost more than $100 trillion over the next three decades.
Investors won t want to miss the energy transition megatrend. So, whether you ve got $5,000 or some other amount to invest, you ll want to consider putting some of that cash into a company focused on this trend.
Got $5,000? These 3 Energy Stocks Are Worth Buying and Holding for the Long Term fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.