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Source: Getty Images <\/p>\n Source: Getty Images <\/p>\n
Written by Andrew Button<\/a> at The Motley Fool Canada<\/p>\n In 2026, the stock market is looking\u2026 confusing.<\/p>\n On the one hand, many of the world\u2019s biggest companies appear to be pricey, with big tech stocks trading at 35-plus times earnings on average.<\/p>\n On the other hand, the AI revolution<\/a> is genuinely creating a lot of value, with new revenue streams and investment opportunities coming seemingly out of nowhere.<\/p>\n How are investors to decide what to do here?<\/p>\n In my view, they should do so by focusing on overlooked parts of the market. If you look at things like hard assets, which are comparatively neglected right now, you can see a lot of hidden value. There are opportunities here that a person would be justified in having a lot of conviction in. In this article, I\u2019ll explore my highest-conviction Canadian stock, a financial conglomerate that is well known for investing in hard assets.<\/p>\n Brookfield Corp (TSX:BN<\/a>) is a Canadian financial conglomerate best known for its alternative asset management activities. The company operates several well-known subsidiaries such as Brookfield Renewable Partners (TSX:BEPC<\/a>)(TSX:BEP.UN<\/a>) and Brookfield Infrastructure Partners (TSX:BIPC<\/a>)(TSX:BIP.UN<\/a>) that are building some of the world\u2019s most important infrastructure.<\/p>\n The \u201cBrookfield ecosystem\u201d is an interconnected network of companies either wholly or partially owned by Brookfield. The ecosystem consists of four main businesses, along with some peripheral ones. The four I\u2019m referring to are:<\/p>\n Brookfield Asset Management (TSX:BAM<\/a>). An ultra-high margin, asset-light asset manager that practically prints profit each and every year.<\/p>\n Brookfield Renewable Partners. A renewable energy company that supplies power to some of the world\u2019s biggest utilities, as well as tech companies that are investing in AI data centres.<\/p>\n Brookfield Infrastructure Partners. An infrastructure company that is buying up pipelines, toll roads, telecom towers and data centres around the world.<\/p>\n Brookfield Wealth Solutions. An insurance business that is largely involved in re-insurance.<\/p>\n These four pillars of Brookfield\u2019s ecosystem all have a lot of promise. Looking at what they have going for them, it can feel tempting to buy one of them and stick with it for life. However, you can get exposure to all four, and then some, with Brookfield stock. For my money, that\u2019s the best way to play it.<\/p>\n One attractive feature of Brookfield stock right now is a comparatively cheap price tag<\/a>. The stock trades at about 20 times distributable earnings (DE). DE is an alternative measure of earnings used specifically by asset managers. 20 times DE is a lower \u201cPE ratio\u201d than that of the TSX, indicating undervaluation. Also, Brookfield Corp\u2019s market cap is less than the value of all of its assets (taken at market values), minus the value of the company\u2019s corporate-level debt. This too indicates undervaluation. On the basis of valuation, then, Brookfield looks attractive.<\/p>\n Finally, Brookfield Corp appears to have strong future prospects. The company has an elite leadership team consisting of high-profile executives Bruce Flatt and Conor Teskey, who have presided over a period of market-beating returns. Its board also has such distinguished members as Howard Marks. This much competence at one company points to the likelihood of the company performing well in the future. So, Brookfield is cheap today, and likely to deliver a lot of value tomorrow. It\u2019s a win-win situation.<\/p>\n The post Here\u2019s My Highest Conviction Canadian Stock to Buy Right Now<\/a> appeared first on The Motley Fool Canada<\/a>.<\/p>\n Before you buy stock in Brookfield Asset Management Ulc, consider this:<\/p>\n The Motley Fool Canada team has identified what they believe are the top 10 TSX stocks for 2026\u2026 and Brookfield Asset Management Ulc wasn\u2019t one of them. The 10 stocks that made the cut could potentially produce monster returns in the coming years.<\/p>\n Consider MercadoLibre, which we first recommended on January 8, 2014 \u2026 if you invested $1,000 in the \u201ceBay of Latin America\u201d at the time of our recommendation, you\u2019d have over $16,000!*<\/p>\n Now, it\u2019s worth noting Stock Advisor Canada\u2019s total average return is 87%* \u2013 a market-crushing outperformance compared to 76%* for the S&P\/TSX Composite Index. Don\u2019t miss out on our top 10 stocks, available when you join our mailing list!<\/p>\n Get the 10 stocks instantly<\/a><\/p>\n * Returns as of March 24th, 2026<\/p>\n More reading<\/p>\n Fool contributor Andrew Button has positions in Brookfield and Brookfield Asset Management. The Motley Fool has positions in and recommends Brookfield Corporation. The Motley Fool recommends Brookfield Asset Management, Brookfield Infrastructure Partners, Brookfield Renewable, and Brookfield Renewable Partners. The Motley Fool has a disclosure policy<\/a>.<\/p>\n 2026<\/p>\n","protected":false},"excerpt":{"rendered":"Source: Getty Images Written by Andrew Button at The Motley Fool Canada In 2026, the stock market is…\n","protected":false},"author":2,"featured_media":8750,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[4894,2874,4893,4892,17,3282],"class_list":{"0":"post-8749","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-canada","8":"tag-brookfield","9":"tag-brookfield-asset-management","10":"tag-brookfield-infrastructure-partners","11":"tag-brookfield-renewable-partners","12":"tag-canada","13":"tag-canadian-stock"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/8749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=8749"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/8749\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/8750"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=8749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=8749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=8749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}