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:
Invest mainly in well-established companies;
Spread your money out across most if not all of the five main economic sectors (Manufacturing & Industry; Resources & Commodities; Consumer; Finance; Utilities);
Downplay or avoid stocks in the broker/media limelight.
SHAWCOR LTD. $5.81 (www.shawcor.com) is still a buy, but only for highly aggressive investors. The stock has more than doubled in the past year, as rising oil prices continue to spur demand for the company’s pipeline coating services. ShawCor is also doing a good job cutting its debt:… Read More
TOROMONT INDUSTRIES LTD. $106 is a buy. The company (Toronto symbol TIH; Aggressive Growth Portfolio; Manufacturing sector; Shares outstanding: 82.8 million; Market cap: $8.8 billion; Price-to-sales ratio: 2.3; Dividend yield: 1.3%; TSINetwork Rating: Extra Risk; www.toromont.com) distributes a broad range of industrial equipment (such as bulldozers, backhoe loaders… Read More
CGI INC. $108 is your #1 Aggressive buy for 2021. The company (Toronto symbol GIB.A; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 247.9 million; Market cap: $26.8 billion; Price-to-sales ratio: 2.2; No dividends paid; TSINetwork Rating: Extra Risk; www.cgi.com) is Canada’s largest provider of computer-outsourcing services.
CGI… Read More
METRO INC., $60.77, is a buy. The company (Toronto symbol MRU; Shares ooutstanding: 244.1 million; Market cap: $14.5 billion; TSINetwork Rating: Average; Dividend yield: 1.7%; www.metro.ca) is using automation to cut its labour and other costs.
As part of that plan, Metro is building a new… Read More
FEDEX CORP. $229 remains a buy. The company (New York symbol FDX; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 266.2 million; Market cap: $61.0 billion; Price-to-sales ratio: 0.7; Dividend yield: 1.2%; TSINetwork Rating: Average; www.fedex.com) delivers packages and documents in the U.S. and 220 other… Read More
T. ROWE PRICE GROUP INC. $207 is a buy. The company’s (Nasdaq symbol TROW; Aggressive Growth and Income Portfolios, Finance sector; Shares outstanding: 226.9 million; Market cap: $47.0 billion; Price-to-sales ratio: 6.6; Dividend yield: 2.1%; TSINetwork Rating: Average; www.troweprice.com) fee income rises with the value… Read More
The re-opening of the economy has spurred the share prices for Visa and American Express. Even if lockdowns return, investors will continue to profit as more consumers use electronic payments instead of cash.
VISA INC. $223 is a buy. The stock (New York symbol V; Conservative… Read More
SONY GROUP CORP. ADRs $115 is a hold. The Japanese conglomerate (New York symbol SONY; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 1.3 billion; Market cap: $149.5 billion; Price-to-sales ratio: 0.1; Dividend yield: 0.4%; TSINetwork Rating: Average; www.sony.net) recently paid an undisclosed sum… Read More
OTIS WORLDWIDE CORP. $84 is a buy. The company (New York symbol OTIS; Conservative Growth Portfolio; Manufacturing & Industry sector; Shares outstanding: 426.8 million; Market cap: $35.9 billion; Price-to-sales ratio: 2.6; Dividend yield 1.1%; TSINetwork Rating: Average; www.otis.com) is the world’s largest maker of elevators… Read More
Alphabet and Apple both rose strongly during the COVID-19 pandemic as consumers in lockdown spent more on new devices and online downloads.
Now that the pandemic is easing, we continue to prefer Alphabet for your new buying. As a software maker, it does not face the… Read More
The pandemic spurred Walt Disney to close almost all of its brick-and-mortar stores to focus on its more profitable e-commerce business. But now, together with Target Corp., it’s building back that presence.
WALT DISNEY CO. $184.41 (New York symbol DIS; TSINetwork Rating: Above Average) (www.disney.com; Shares… Read More
Long-time readers know that we keep you informed of important news about the stocks we cover. That means highlighting developments or strategies that promise to brighten your prospects. Here are two buys that stand out this month:
WYNDHAM HOTELS & RESORTS $73.11, is suitable for your… Read More
ADOBE INC., $661.08, is a buy. The company (Nasdaq symbol ADBE; TSINetwork Rating: Average) (www.adobe.com; Shares o/s: 476.4 million; Market cap: $307.3 billion; No dividends paid) is now acquiring privately held Frame.io, a maker of video collaboration software. The purchase price is $1.3 billion in… Read More
Both Calian and Extendicare have a major plus on their side during this time of COVID-19 uncertainty. Specifically, the two get most of their revenue from governments. For Calian, revenue generated from departments and agencies of the Canadian government currently represents about 69% of the… Read More
THERMO FISHER SCIENTIFIC, $562.96, is a buy. The company (New York symbol TMO; TSINetwork Rating: Average) (www.thermofisher.com; Shares o/s: 393.4 million; Market cap: $221.3 billion; Divd. yield: 0.2%) lets you tap this leading manufacturer of scientific instruments, laboratory equipment, diagnostic consumables, and life science reagents.
The… Read More
Many traditional bricks-and-mortar retailers will continue to struggle against the COVID-spurred onslaught of online shopping. Some will even go out of business. But we believe TJX’s unique business model offers you the possibility of strong gains ahead, and we recommend the stock as a Power… Read More
CORTEVA INC., $42.97, is a buy. The company (New York symbol CTVA; TSINetwork Rating: Extra Risk) (www.corteva.com; Shares o/s: 734.2 million; Market cap: $31.0 billion; Dividend yield: 1.3%) is a leading developer of new seeds and crop chemicals including herbicides and insecticides, for the agriculture… Read More
The COVID-19 pandemic resulted in short-term disruptions to elective medical procedures. But despite that, hospital-equipment supplier Steris has gone on to hit new highs. Now, the company is in a great position to profit from favourable long-term demographic trends such as an aging population. And… Read More
THOMSON REUTERS CORP. $151 (www.thomsonreuters.com) remains a buy. In January 2021, Thomson and Blackstone Group LP (New York symbol BX) merged Refinitiv (which sells financial information) with the London Stock Exchange Group plc (Over-the-counter Pink Sheets symbol LDNXF). Thomson now owns roughly 15% of the… Read More
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Changes to this Policy
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