Growth Stocks
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.
Make better stock picks when you read this FREE Special Report, Canadian Growth Stocks: WestJet Stock, RioCan Stock and More.
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AGILENT TECHNOLOGIES INC. $45 (New York symbol A; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 328.0 million; Market cap: $14.8 billion; Price-to-sales ratio: 3.6; Dividend yield: 1.0%; TSINetwork Rating: Average; www.agilent.com) makes specialized testing equipment, such as mass spectrometers, for medical research labs. In its fiscal 2016 second quarter, which ended April 30, 2016, the company earned $145 million. That’s up 12.4% from $129 million a year earlier. Per-share earnings gained 15.8%, to $0.44 from $0.38, on fewer shares outstanding. Revenue rose 5.8%, to $1.0 billion from $963 million. These gains reflect strong demand for Agilent’s products from food companies and pharmaceutical firms. The company is also benefiting from last year’s $235 million purchase of Seahorse Bioscience. This firm makes equipment that researchers use to measure the response of cells to new drugs....
STANLEY BLACK & DECKER INC. $114 (New York symbol SWK; Conservative Growth and Income Portfolios, Manufacturing & Industry sector; Shares outstanding: 150.1 million; Market cap: $17.1 billion; Price-to-sales ratio: 1.5; Dividend yield: 1.9%; TSINetwork Rating: Average; www.stanleyblack anddecker.com) is one of the world’s largest makers of hand and power tools for consumers. This business supplies 64% of its sales. Stanley also makes building-security products, such as locks and gates (19% of sales), and specialized tools for auto mechanics and industrial workers (17%). Stanley makes acquisitions work ...
ALLIANT ENERGY CORP. $36 (www.alliantenergy.com) sells power and natural gas to 1.4 million customers in Wisconsin, Iowa and Minnesota. The company earned $97.6 million in the first quarter of 2016, up 1.0% from $96.6 million a year earlier. Due to more shares outstanding, per-share earnings fell 1.1%, to $0.43 from $0.435 (all per-share amounts adjusted for a 2-for-1 stock split in May 2016)....
NEWELL BRANDS INC. $48 (www.newellbrands.com) is up 8% since the merger of Newell Rubbermaid and Jarden Corp. on April 15, 2016. Newell shareholders now own 55% of the combined firm, which makes a wide variety of household goods such as pens, hand tools, coffee makers and baby strollers....
Use these 23 proven tips for successfully investing in growth stocks
Momentum investing strategies may sound like a simple way to beat the stock market, but in truth, it’s just your broker who profits in the end.
AGT FOOD & INGREDIENTS $36.46 (Toronto symbol AGT; TSINetwork Rating: Extra Risk) (604-231-1100; www.agtfoods.com; Shares outstanding: 23.9 million; Market cap: $840.7 million; Dividend yield: 1.7%) buys, processes and distributes a range of pulses—peas, beans, lentils and chickpeas—as well as other specialty crops.
Based in Saskatchewan, the company owns 13 processing plants in Canada, nine in Turkey, four in Australia, two in the U.S., one in China and another in South Africa.
In the three months ended March 31, 2016, AGT’s cash flow per share jumped to $0.83 from $0.37 a year earlier....
Based in Saskatchewan, the company owns 13 processing plants in Canada, nine in Turkey, four in Australia, two in the U.S., one in China and another in South Africa.
In the three months ended March 31, 2016, AGT’s cash flow per share jumped to $0.83 from $0.37 a year earlier....
INTACT FINANCIAL $88.33 (Toronto symbol IFC; TSINetwork Rating: Extra Risk) (416-341-1464; www.intactfc.com; Shares outstanding: 131.3 million; Market cap: $11.6 billion; Dividend yield: 2.6%) is Canada’s largest provider of property and casualty insurance.
Intact dropped to as low as $85 from about $92 after the wildfires at Fort McMurray, Alberta....
Intact dropped to as low as $85 from about $92 after the wildfires at Fort McMurray, Alberta....
CHEMTRADE LOGISTICS INCOME FUND $17.58 (Toronto symbol CHE.UN; TSINetwork Rating: Speculative) (416-496-5856; www.chemtradelogistics .com; Units outstanding: 69.1 million; Market cap: $1.2 billion; Dividend yield: 6.8%) is one of North America’s largest providers of removal services for oil refineries, base metal processors and other firms creating by-products such as acids and sulphur....
DREAM OFFICE REIT $19.08 (Toronto symbol D.UN; TSINetwork Rating: Extra Risk) (416-365-3535; www.dream.ca/office; Units outstanding: 107.5 million; Market cap: $2.2 billion; Dividend yield: 7.9%) owns and manages 160 properties comprising 22.3 million square feet of office space in major Canadian cities.
Earlier this year, Dream Office launched a threeyear strategic plan to push up its unit price....
Earlier this year, Dream Office launched a threeyear strategic plan to push up its unit price....