Tap the power of these 2021 top picks

Article Excerpt

We have singled out two stocks and one ETF as your #1 buys for 2021. Each offers investors long-term growth prospects at a reasonable price. Meanwhile, all three are in a strong position to weather the current wave of COVID-19. Moreover, each is poised for solid gains as new vaccines help kick-start global economic growth. ENBRIDGE $44.66 is a #1 Buy for 2021. The firm (Toronto symbol ENB; Shares outstanding: 2.0 billion; Market cap: $89.4 billion; TSINetwork Rating: Above Average; Dividend yield: 7.5%; www.enbridge.com) operates pipelines that pump Western Canadian oil and gas to eastern Canada and the U.S. Investors also tap the company’s gas distribution business to Ontario and Quebec consumers. The COVID-19 pandemic continues to hurt shipments of crude oil on Enbridge’s pipelines. But in response to the weaker oil volumes, Enbridge is delaying certain projects and cutting other costs. As a result, its cash flow in the quarter ended September 30, 2020, fell just 1.0%, to $1.03 a share from…