Growth Stocks

Growth stocks are companies that are likely to have sales and earnings growth well above market average. Frequently they pay few, if any, dividends. Instead they typically reinvest any extra cash flow to promote further growth. Chosen wisely—according to Pat McKeough’s advice—high-quality growth-oriented stocks can be worthwhile additions to most well-diversified portfolios.

Although growth stock picks can be highly volatile, they can make good long-term investments. They may be well-known stars or quiet gems, but they do share one common attribute—they are growing at a higher-than-average rate within their industry, or within the market as a whole, and could keep growing for years or decades.

And keep in mind that we focus on growth stocks, which have a good long-term history and favourable prospects. We downplay momentum stocks that tend to attract many investors simply because they are moving faster than the market averages, but are liable to fall sharply when their momentum fades.

There’s room for growth stock investing in your portfolio, but make sure you follow our TSI Network three-part Successful Investor strategy for your overall portfolio:

  1. Invest mainly in well-established companies;
  2. Spread your money out across most if not all of the five main economic sectors (Manufacturing & Industry; Resources & Commodities; Consumer; Finance; Utilities);
  3. Downplay or avoid stocks in the broker/media limelight.

Make better stock picks when you read this FREE Special Report, Canadian Growth Stocks: WestJet Stock, RioCan Stock and More.

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Growth Stocks Post Archives

Earnings just jumped 22% at Stantec Inc.

Earnings just jumped 22% at Stantec Inc.

Improved sales from recent acquisitions led to a 19.5% jump in revenue for this company during the most-recent quarter.

This engineering firm mainly focuses on designing and consulting services. That cuts its risk exposure to expensive cost overruns including those associated with unprofitable legacy projects.

Meanwhile, the… Read More

Dutch Bros. Inc. revenues rose 49.8%

Dutch Bros. Inc. revenues rose 49.8%

A Member of Pat McKeough’s Inner Circle recently asked for his advice on a specialty drive-through coffee company that offers hand-crafted beverages.

Pat likes the firm’s rising revenues and aggressive expansion plans to capitalize on its cult following among loyal customers. However, he notes the industry… Read More

FedEx’s earnings just jumped 29.6%

FedEx’s earnings just jumped 29.6%

Higher shipping rates led to a 9.9% jump in revenue for this company during the most-recent quarter despite lower package volumes.

The stock trades at 12.6 times the company’s 2022 earnings forecast.

FEDEX CORP. (New York symbol FDX; www.fedex.com) delivers packages and documents in the U.S. and… Read More

Earnings rocketed 24.1% at Toromont Industries Ltd.

Earnings rocketed 24.1% at Toromont Industries Ltd.

Shares of this heavy equipment distributor continue to rebound strongly from March 2020 lows as it rewards investors with higher dividends.

The stock trades at 21.5 times the company’s 2022 earnings forecast.

TOROMONT INDUSTRIES LTD. (Toronto symbol TIH; www.toromont.com) distributes a range of industrial equipment, including Caterpillar… Read More

Earnings rose 15.8% at NortonLifeLock Inc.

Earnings rose 15.8% at NortonLifeLock Inc.

Higher numbers of people working from home led to a 9.9% revenue hike for this company during the most-recent quarter.

A cybersecurity acquisition should create a larger and more robust firm when completed.

The stock trades at just 13.4 times the company’s 2022 earnings forecast.

For a rising portfolio

Learn everything you need to know in 'How to Find the Best Growth Stocks' for FREE from The Successful Investor.

Canadian Growth Stocks: CGI Group, CAE Inc., Fortis Inc. Stock and more.


NORTONLIFELOCK INC. (Nasdaq… Read More

Twilio Inc. is expanding rapidly

Twilio Inc. is expanding rapidly

Improved sales and a growing client base led to a 48.4% jump in revenue for this company during the most-recent quarter.

An impressive customer base, leading products and high R&D (over 30% of sales) all bode well for its success in rapidly growing markets, making it… Read More

Long-tern customer loyalty will boost ResMed Inc.

Long-tern customer loyalty will boost ResMed Inc.

Improved sales of equipment and services led to a 12.4% revenue jump for this company during the most-recent quarter.

A new hiring should help improve the firm’s software-as-a-service (SaaS) business and ultimately its customer engagement.

RESMED INC. (Symbol RMD on New York; www.resmed.com) helps investors tap the… Read More