Top picks to boost your 2024 returns

Article Excerpt

In a search for your top 2024 buys, we’ve once again selected three stocks (one each from the Conservative, Aggressive and Income Portfolios). We feel all three are poised to deliver big gains for our readers, not only this year but for many years to come. Each company is also a leader in its markets, and its stock trades at an attractive multiple to its projected earnings. That further cuts your risk. CANADIAN PACIFIC KANSAS CITY LTD. $106 is your #1 Conservative Buy for 2024. The company (Toronto symbol CP; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 931.8 million; Market cap: $98.8 billion; Price-to-sales ratio: 8.7; Dividend yield: 0.7%; TSINetwork Rating: Above Average; www.cpkcr.com) took its current form on April 14, 2023, when Canadian Pacific Railway Ltd. acquired U.S.-based railway Kansas City Southern. CP paid $31 billion U.S. in cash and shares for KCS. Following the purchase, CP investors owned 72% of the merged company, with KCS shareholders holding the remaining 28%. The new CPKC…