6 Stocks Geared for Big Growth in the Coming Decades

Investors on the lookout for attractive long-term gains should own Aphria Inc. (TSX:APH) and others in the coming years and beyond.

| More on:

As the S&P/TSX Index extends its summer swoon, Canadian investors should be on the lookout for attractive long-term plays to avoid fretting about short-term losses. Let’s take a look at six stocks that have the potential for big returns in the coming years and decades.

Maple Leaf Foods Inc. (TSX:MFI) is a Canadian consumer packaged meats company that has also begun to move into vegetarian and vegan alternatives. The company possesses a wide moat with a strong foothold in Canadian markets. Meat prices are expected to rise in the coming years, and vegetarian and vegan alternatives are becoming extremely popular for younger generations. The stock has increased 22% in 2017 as of August 30 and 126% over a 10-year period. It also offers a dividend of $0.11 per share with a dividend yield of 1.28%.

Aphria Inc. (TSX:APH) remains a favourite for investors in marijuana stocks. The stock comes at a nice price for a company that is making smart moves and just released financial results showing industry-low production costs. The company is well positioned for explosive growth when marijuana is legalized in July 2018.

Innergex Renewable Energy Inc. (TSX:INE) is a Canadian developer, owner, and operator of hydroelectric facilities and solar farms in North America. Renewable energy is one of the fastest-growing markets and a beneficiary of the green-energy revolution sweeping the planet in response to the dangers presented by climate change. The stock has gained 4.5% in 2017 and boasts a 4.5% dividend yield at $0.17 per share.

Brookfield Renewable Partners LP (TSX:BEP.UN)(NYSE:BEP) is a Toronto-based limited partnership that owns and operates renewable power assets. It has seen 9.4% growth in 2017 and seeks to benefit off of the aforementioned green-energy push in North America. The stock also offers a 5.3% dividend at $0.58 per share.

Fairfax India Holdings Corp. (TSX:FIH.U) is an investment holdings company with interests in private and public equity securities and debt instruments in India and Indian businesses. India is fast becoming one of the largest economies in the world and has a rapidly growing middle class. It possesses a massive population, which presents huge opportunities for growing businesses. The stock has increased 52% in 2017 and 62% year over year. Investors who want to have an interest in a country that is projected to be a future economic superpower should look to add this growth stock to their portfolios.

ATS Automation Toolings Systems Inc. (TSX:ATA) is an Ontario-based company that designs and builds factory automation solutions. Automation is set to radically transform modern economies as companies look for ways to improve efficiency across the board. The stock has gained 37% over a five-year period and is well positioned to capitalize off of this revolutionary trend.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Ambrose O'Callaghan has no position in any stocks mentioned. Brookfield Renewable Partners is a recommendation of Dividend Investor Canada.

More on Investing

A cannabis plant grows.
Cannabis Stocks

Canopy Growth Stock Is Rising But I’m Worried About This One Thing

Canopy Growth stock is soaring as the legalization effort makes real progress in both Germany and the United States.

Read more »

young woman celebrating a victory while working with mobile phone in the office
Investing

3 Roaring Stocks to Hold for the Next 20 Years

These top TSX stocks are excellent long-term buys, given their multi-year growth potential and solid underlying businesses.

Read more »

Two seniors float in a pool.
Dividend Stocks

TFSA: How to Earn $1,890 in Annual Tax-Free Income

Plunk these investments into your TFSA to earn passive income and avoid the taxman.

Read more »

grow dividends
Investing

Here’s My Top 3 TSX Stocks to Buy Right Now

Even though the TSX has been rising, there are still some good bargains out there. Here are three top compounding…

Read more »

Target. Stand out from the crowd
Investing

Prediction: This Canadian Growth Stock Could Double by 2030

Alimentation Couche-Tard (TSX:ATD) is a top growth stock that could do well over the next six or so years.

Read more »

Businessman holding AI cloud
Tech Stocks

Could Investing $20,000 in Nvidia Make You a Millionaire?

Nvidia stock has made investors millionaires in the last 10 years. Is it too late to invest to become a…

Read more »

Engineers walk through a facility.
Dividend Stocks

1 TSX Stock I Wouldn’t Touch With a 10-Foot Pole

AtkinsRéalis (TSX:ATRL) is one TSX stock I'd never invest in.

Read more »

money cash dividends
Stocks for Beginners

Have $500? 3 Absurdly Cheap Stocks Long-Term Investors Should Buy Right Now

If you're looking for cheap stocks, these three have a huge future ahead of them, all while costing far less…

Read more »