Ryan Vanzo: Fairfax Financial
My top stock for 2021 is
Fairfax Financial (TSX:FFH). The upcoming 12 months could turn volatile, and this stock is a great place to ride out the storm.
Founded by Prem Watsa considered by many to be the Warren Buffett of Canada Fairfax stock has a proven record of growth, even during turbulent markets. In 2008 and 2009, when global markets were plunging, shares actually
grew in value.
The current bull run has left a lot of value stocks behind, Fairfax included. Shares now trade at a huge discount to their historical average, prompting Watsa to commence a major buyback program. Cheap shares and proven resilience make this an attractive stock for 2021.
Tuesday s analyst upgrades and downgrades - The Globe and Mail theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
These two dividend stocks own yields above 2%, have crushed the market over the past decade, and are both trading below $100 a share. What more could you want?
Consider investing in Brookfield Renewable Partners to capitalize on its long-term potential in a growing industry so you can align yourself with Warren Buffett’s approach.
The Globe and Mail Investor Newsletter
The investment opportunities of the massive consumer spending binge ahead. Plus, portfolio tips for the start of the Biden era Published January 18, 2021 Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Health-care workers are the warriors of the pandemic, but everyone has endured hardship to some extent. This makes the current strong financial health of the North American consumer almost shocking, and paves the way for an explosive jump in retail spending as vaccination continues and lockdowns end.