3 Top Stocks to Buy Now in a Once-in-a-Decade Opportunity

The next decade could be absolutely insane for these three top stocks that offer growth in both the near and distant future.

| More on:
Man data analyze

Image source: Getty Images

The next decade is going to be huge for a variety of reasons, but perhaps not as huge for these three top stocks. Today, I’m going to cover the best of the best — stocks that provide investors with massive opportunities in the next 10 years.

Nutrien

Nutrien (TSX:NTR) is still relatively new these days. Coming on the market back in 2018, the stock hasn’t been around all that long. But that’s what makes it so appealing. It’s still kind of like getting in at the ground floor with this stock. And it has so much room to grow.

The world recently surpassed a population of eight billion. That’s eight billion people we need to feed. And that comes down to creating arable land. To do that, we need crop nutrients. That is exactly what Nutrien stock provides.

Now, that alone isn’t enough. The company has also been growing, and that’s where the opportunity comes in. It’s merging a fractured industry and growing its e-commerce arm to make it easier than ever for farmers to feed cities.

So, Nutrien stock is a steal if you’re looking for long-term growth. It’s up 83% since coming on the market, and that could certainly happen again in the next few years. Meanwhile, you can bring in annual passive income as well at $2.52 per share annually.

Brookfield Renewable

Another company bound for greatness is Brookfield Renewable Partners (TSX:BEP.UN). Brookfield has been around for a few decades, with its parent company around since the 1800s! And in that time, the company has always invested in some way in renewable energy.

But renewable energy is now a huge part of this company’s future. In fact, it continues to create partnerships, acquisitions, and growth opportunities for those who don’t know which renewable energy source will be used in the future. They just know at least one of these will be.

Brookfield stock therefore is a great choice for diversified income, both globally and through its many assets. With so much money pouring into the industry, this next decade is likely to be huge for the stock.

Right now, Brookfield is up 282% in the last decade alone. You can also grab a $1.79 per share dividend!

Lithium Americas

After a positive ruling came down, Lithium Americas (TSX:LAC) shares skyrocketed. But should you wait for a dip? Not in my opinion. Those seeking long-term income would do well with this stock. Lithium is another part of our future, because no matter what renewable energy powers it, batteries will be sorely needed.

Lithium will therefore be needed in everything from powering our homes to our cars. However, right now it powers so many things too, including the phone or tablet or computer you’re currently using. So, if you think there aren’t short-term and long-term opportunities here, you’d be wrong.

Now that the stock has a positive ruling for its Thacker Pass, it means we’re entering a new phase of growth. While shares are already up 3,067% in the last decade, I truly believe that may happen again, or at least get near those numbers, in the next 10 years.

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 Amy Legate-Wolfe has positions in Brookfield Renewable Partners. The Motley Fool recommends Brookfield Renewable Partners and Nutrien. The Motley Fool has a disclosure policy.

More on Stocks for Beginners

A worker overlooks an oil refinery plant.
Dividend Stocks

3 of the Safest Dividend Stocks in Canada

If you need a pick me up during this downturn, one that will last decades, consider these three safe stocks…

Read more »

Dollar symbol and Canadian flag on keyboard
Stocks for Beginners

4 Canadian Stocks for Beginners in April 2023

New to investing but don't know where to start? Check out these top Canadian stocks that might be operating right…

Read more »

Skiier goes down the mountain on a sunny day
Dividend Stocks

3 Top Stocks Poised to Beat the TSX Index

Three TSX stocks that could outrace the market in 2023.

Read more »

Hourglass projecting a dollar sign as shadow
Stocks for Beginners

TFSA Investors: Don’t Wait. Now Is the Time to Buy These Top TSX Stocks

These top TSX stocks offer long-term growth, dividends, as well as significant value at current levels for TFSA investors.

Read more »

Dividend Stocks

Presenting… An Everyday Stock Portfolio for Canadian Investors!

Looking to diversify your portfolio? Here's a look at some of the best everyday stock portfolio options for Canadian Investors!

Read more »

edit Taxes CRA
Stocks for Beginners

How I’m Using My RRSP This Tax Season

Don't dismiss what you can make from your RRSP this year and every year, especially if you invest in a…

Read more »

tsx today
Stocks for Beginners

TSX Today: Why Canadian Stocks Could Rise on Thursday, March 30

Continued recovery in major global stock indexes and strengthening commodity prices could help the TSX rise today.

Read more »

Two seniors float in a pool.
Stocks for Beginners

2 Smart Stocks to Buy in 2023 That Could Help You Retire Richer

When it comes to investing in smart stocks on the TSX today, these two are some of the best that…

Read more »