It is customary to pick a handful of favourite stocks at the start of a new year. While your investment horizon should stretch over years rather than 12 months, we can also look back at how last year’s published picks performed.

For 2020, our five stock picks (and their dollar returns) were A2 Milk (–12.3%), SalMar (+18.5%), Air Canada (–51.5%), Ferguson (+36.4%) and Meituan Dianping (+182%)...

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