The Best Stocks to Buy Right Now

The best stocks to buy today include energy giants Enbridge and Suncor stock. Also included is BlackBerry stock, which is on its way toward massive growth.

You’re reading a free article with opinions that may differ from The Motley Fool’s premium investing services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

As we head further into 2021, the TSX continues to trade around all-time highs. Maybe it seems a precarious situation to many of us. We are undoubtedly expecting a market crash in 2021. Regardless, I would like to review the best stocks to buy right now. If a market crash happens, we can always add to our positions at lower prices. The list includes energy stocks Suncor Energy (TSX:SU)(NYSE:SU) and Enbridge (TSX:ENB)(NYSE:ENB). It also includes high-growth stocks BlackBerry (TSX:BB)(NYSE:BB) and Ballard Power Systems (TSX:BLDP)(NASDAQ:BLDP).

Let’s take a closer look at these best stocks to buy right now.

Enbridge stock: A defensive, predictable high-yield stock

How would you like to start collecting a dividend yield of 7.5% right now? It sounds appealing, right? How would you like to collect this dividend without taking on too much risk? Sounds even better, right? If it sounds too good to be true, it’s not. Enbridge stock is the answer.

The oil and gas industry is going through an existential crisis. Investor sentiment is therefore in the dumps. But a company like Enbridge will be essential for decades to come. And it is increasingly part of the emerging renewable energy industry. The chart below shows the unimpressive performance of Enbridge stock.

Best stock to buy Enbridge stock

Suncor stock: The best energy stock to buy right now

Suncor Energy is Canada’s leading integrated energy company. It’s a company that has a track record of operational excellence. And it has a strong history of growth and shareholder value creation.

Today, I’m recommending Suncor as one of the best stocks to buy. Its history plays a big part in my recommendation. But Suncor stock’s current valuation does as well. Suncor stock has plummeted in recent years. All the while, its cash flows have been strong and rising. This disconnect can be easily explained. But the explanation falls short of justifying this contradiction.

Best stock to buy Suncor stock

BlackBerry stock: The best technology stock for the future

BlackBerry stock has already started its upward climb. But this is just the beginning, because BlackBerry’s businesses have strong long-term growth tailwinds. And BlackBerry is a recognized leader in both of its businesses. For example, cars are increasingly connected. And BlackBerry’s technology is a leading force. The big news in this segment is the BlackBerry IVY partnership. BlackBerry and Amazon Web Services have partnered to provide a top-tier vehicle software solution. This solution applies to every vehicle and every platform. It will transform the automobile software industry.

Best stock to buy Blackberry stock

Ballard Power Systems stock: The best clean energy stock to buy now

Ballard Power is at the forefront of the fuel cell market. For example, the company has the largest market share by far. It also has the expertise and unrivalled relationships.

The fuel cell market for heavy duty vehicles is rapidly growing and expanding. Across the globe, countries are employing fuel cells to power their buses. They’re also employing fuel cells to power their trains. And in the future, marine vehicles and even airplanes might very well be powered by fuel cells. Car companies are even testing fuel cell-powered automobiles. So, the growth here is huge. Ballard Power Systems stock will continue to soar as the fuel cell market grows.

Best stock to buy BLDP stock

Motley Fool: The bottom line

The four best stocks to buy right now are all leaders in their own right. Some of them are unfairly punished, like Suncor stock and Enbridge stock. And the others, like BlackBerry stock and Ballard Power stock, are just simply leaders that have massive growth ahead of them. Investors can’t go wrong with these stocks. Be comfortable with the volatility and stick with them.

Should you invest $1,000 in Shopify right now?

Before you buy stock in Shopify, consider this:

The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Shopify wasn’t one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years.

Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the “eBay of Latin America” at the time of our recommendation, you’d have $20,697.16!*

Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 29 percentage points since 2013*.

See the Top Stocks * Returns as of 3/20/25

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.

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Fool contributor Karen Thomas owns shares of BALLARD POWER and ENBRIDGE INC. David Gardner owns shares of Amazon. The Motley Fool owns shares of and recommends Amazon and Enbridge. The Motley Fool recommends BlackBerry and BlackBerry and recommends the following options: long January 2022 $1920 calls on Amazon and short January 2022 $1940 calls on Amazon.

Confidently Navigate Market Volatility: Claim Your Free Report!

Feeling uneasy about the ups and downs of the stock market lately? You’re not alone. At The Motley Fool Canada, we get it — and we’re here to help. We’ve crafted an essential guide designed to help you through these uncertain times: "5-Step Checklist: How to Prepare Your Portfolio for Volatility."

Don't miss out on this opportunity for peace of mind. Just click below to learn how to receive your complimentary report today!

Get Our Free Report Today

More on Dividend Stocks

Canada national flag waving in wind on clear day
Dividend Stocks

The Best Canadian Stocks to Buy Right Away With $30,000

If you have $30,000 you're willing to invest, these are some of the first Canadian stocks to consider on your…

Read more »

rail train
Dividend Stocks

What to Know About Canadian Pacific Railway Stock for 2025

CP stock has now gone through a major merger, so what do investors have to look forward to?

Read more »

ways to boost income
Dividend Stocks

Top Canadian Value Stocks I’d Buy for Dividend Growth and Appreciation

If you are looking for income and capital appreciation, here are three Canadian value stocks for a great total return…

Read more »

coins jump into piggy bank
Dividend Stocks

The Smartest Canadian Stock to Buy With $2,000 Right Now

The company’s powerful combination of growth, income, and value, positions it well to deliver solid returns, making it a smart…

Read more »

Transparent umbrella under heavy rain against water drops splash background. Rainy weather concept.
Dividend Stocks

This 10.6 Percent Dividend Stock Pays Cash Every Single Month

Are you looking to invest for a rainy day? This 10.6% dividend stock pays cash every month, irrespective of the…

Read more »

A worker gives a business presentation.
Dividend Stocks

Market Dip: Opportunity or Risk This April?

This market dip might have investors worried, but should they be excited instead?

Read more »

Blocks conceptualizing Canada's Tax Free Savings Account
Dividend Stocks

Why I’d Add This Top TSX Dividend Stock to My TFSA During the Current Dip

The market is full of volatility right now. Fortunately, this top TSX dividend trades at a discount and pays a…

Read more »

Pile of Canadian dollar bills in various denominations
Dividend Stocks

Invest $20,000 in 2 TSX Stocks for $1,421.09 in Passive Income

Are you looking to bump up your passive income? Then consider these two TSX stocks.

Read more »