3 Top Growth Stocks To Buy In January: Brookfield Infrastructure, Clearway Energy, And Brightcove

As we usher in 2021 and say goodbye to 2020, investors are getting ready to figure out the best strategy to outperform in the new years. Given rich valuations and the potential for economic growth to be strong, investors might want to focus on risk-management especially with growth stocks.

When economic growth is accelerating, value stocks tend to outperform growth. Rising rates also lead to multiple contractions. This doesn’t mean that all growth stocks won’t do well, it just means the environment is going to be more challenging.

Brookfield Infrastructure Partners (BIP - Get Rating), Clearway Energy, Inc. (CWEN - Get Rating), and Brightcove, Inc. (BCOV - Get Rating) are three such companies that look positioned to do well in 2021. These companies belong to different industries but are positioned for a massive uptrend. CWEN operates in the renewable energy space with a high-dividend potential, while BCOV, a leading digital video distribution platform has seen its stock doubling in 2020. At the same time, BIP is one of the top infrastructure companies that has generated strong cash flows from acquired assets.

BIP – Although growth stocks have more risk, they also tend to outperform especially in their early stages. Given their strong run in 2020, growth investors should be more selective.  Brookfield Infrastructure Partners (BIP), Clearway Energy (CWEN), and Brightcove (BCOV) are three such growth stocks with a good chance of making new highs in 2021.

Brookfield Infrastructure Partners (BIP - Get Rating)

BIP is involved in operating utilities, transport, energy, data infrastructure, and businesses in Europe, North and South America, and the Asia Pacific. The utility segment operates nearly 2,000 kilometers of natural gas transportation pipelines in Rio de Janeiro, São Paulo, and Minas Gerais. The company’s Transport segment offers transportation and storage services for freight, bulk commodities, and passengers.

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