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 rose 23.7% at Well Health

Earnings rose 23.7% at Well Health

Well Health offers investors a major plus: it gets most of its revenue from Canada’s government-backed, recession-resilient health-care sector.

That’s a key benefit because the health-care sector is a government-backed, recession-resilient industry, and this firm is shaping up to be a major player. The company is… Read More

Earnings just rose 11.8% at TJX

Earnings just rose 11.8% at TJX

Long-time readers know that we aim to keep you informed of important news about the stocks we cover. That means highlighting developments and plans that promise to bolster investor gains. Here’s one that stands out this month.

A recent dividend payout raise as well as revenues… Read More

A strategic review and asset sales should transform ShawCor’s prospects

A strategic review and asset sales should transform ShawCor’s prospects

New pipeline coating contracts led to a 29.7% revenue boost for ShawCor during the most-recent quarter. Demand continues to improve thanks to rising oil and gas prices as well as a recovering economy.

The stock trades at just 8.2 times the company’s 2023 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.

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SHAWCOR LTD… Read More

Earnings just grew 10.3% at Agilent Technologies

Earnings just grew 10.3% at Agilent Technologies

Improved sales of equipment led to a 4.9%  revenue boost for Agilent Technologies during the most-recent quarter.

A recent cancer diagnostics acquisition should complement its existing product line.

Meanwhile, the stock trades at 24.0 times the company’s 2023 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.

 I consent to receiving information from The Successful Investor via email. I understand I can unsubscribe from these updates at any time.

AGILENT TECHNOLOGIES INC. (New York symbol A; www.agilent.com)… Read More

Earnings jumped 10.9% at Metro

Earnings jumped 10.9% at Metro

Canada’s grocery store operators have come under pressure for generating above-average profits in the wake of the COVID-19 pandemic.

Despite that, we feel high-quality grocers like this one will adapt and keep rewarding investors with higher dividends and share buybacks.

In the meantime, the stock trades at… Read More

FedEx is due for a turnaround with $4 billion in cost cuts

FedEx is due for a turnaround with $4 billion in cost cuts

While declining shipping demand accounted for a 6.2% revenue decline, FedEx continues to make progress with its plan to lower overhead costs and other expenses.

Already the company is raising its forecast for its 2023 earnings while the stock trades at 15.3 times that 2023 estimate.

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.

 I consent to receiving information from The Successful Investor via email. I understand I can unsubscribe from these updates at any time.

FEDEX… Read More