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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Growth Stocks Library Archives
LAMB WESTON HOLDINGS INC. $61 is still a buy for long-term gains. The company (New York symbol LW, Income Portfolio, Consumer sector; Shares outstanding: 146.1 million; Market cap: $8.9 billion; Price-to-sales ratio: 2.2; Dividend yield: 1.6%; TSINetwork Rating: Average; www.lambweston.com) is a leading producer of frozen french fries, potatoes and other packaged vegetables.
The stock is down 25% in the past year....
The stock is down 25% in the past year....
Re-opening of the global economy in the wake of 2020 COVID-19 lockdowns spurred strong demand for a wide range of manufactured goods, notably automobiles and consumer electronics.
That rebound helped the shares of Texas Instruments double since dropping to $93 with the onset of the pandemic....
That rebound helped the shares of Texas Instruments double since dropping to $93 with the onset of the pandemic....
Goodfood’s shares dropped in mid-November 2021 after it reported its latest results. Specifically, with the relaxation of lockdown restrictions and increased vaccine coverage during the quarter, Goodfood experienced a drop in the number of active customers: active customers fell by 10.4%, to 249,000 from 278,000....
WELL HEALTH TECHNOLOGIES, $4.99, is a buy. The company (Toronto symbol WELL; TSINetwork Rating: Speculative) (www.well.company; Shares o/s: 205.3 million; Market cap: $1.0 billion; No dividends paid) reports that in the quarter ended September 30, 2021, revenue jumped 710.8%, to a record $99.3 million from $12.2 million a year earlier....
GARMIN LTD., $135.43, is a buy. The company (New York symbol GRMN; TSINetwork Rating: Extra Risk) (Shares outstanding: 192.3 million; Market cap: $25.8 billion; Dividend yield: 2.0%) makes GPS devices and software for five different markets: fitness, outdoors, auto, aviation, and marine.
Garmin has now transferred the listing of its shares from Nasdaq to the New York Stock Exchange (NYSE)....
Garmin has now transferred the listing of its shares from Nasdaq to the New York Stock Exchange (NYSE)....
We think the drug industry will enjoy great success over the next decade. But due to the nature of the business, results will vary widely and unpredictably from one drug company to another. A volatile market like the one we expect for drug stocks will include winners and losers....
STERIS PLC, $229.06, is a buy. The firm (New York symbol STE; TSINetwork Rating: Extra Risk) (www.steris.com; Shares outstanding: 100.0 million; Market cap: $22.7 billion; Dividend yield: 0.8%) sells sterilization equipment, surgical tables, and other products and services used in hospitals and laboratories.
In the quarter ended September 30, 2021, Steris’s revenue jumped 58.3%, to $1.20 billion from $756.1 million a year earlier....
In the quarter ended September 30, 2021, Steris’s revenue jumped 58.3%, to $1.20 billion from $756.1 million a year earlier....
ADT keeps signing and retaining security customers. Additions to the company’s range of services are a key driver of that growth. They include its new smart-home offerings in partnership with Google-parent Alphabet. Now, through its acquisition of Sunpro Solar, ADT will be able to cross-sell an entirely new product to its existing clients....
BOMBARDIER INC. is a hold. The company (Toronto symbols BBD.A $1.83 and BBD.B $1.77; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 2.4 billion; Market cap: $4.3 billion; Price-to-sales ratio: 0.5; Dividend suspended in February 2015; TSINetwork Rating: Speculative; www.bombardier.com) now focuses solely on making private luxury and business jet planes following the January 2021 sale of its passenger railcar business to France’s Alstom SA.
The new focus is now paying off, particularly as the COVID-19 pandemic has prompted business executives to avoid commercial airlines....
The new focus is now paying off, particularly as the COVID-19 pandemic has prompted business executives to avoid commercial airlines....
SHAWCOR LTD. $4.93 is still a buy, but only for highly aggressive investors. The company (Toronto symbol SCL; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 70.5 million; Market cap: $347.6 million; Price-to-sales ratio: 0.3; Dividend suspended in March 2020; TSINetwork Rating: Average; www.shawcor.com) makes sealants and coatings that keep oil and gas pipelines from rusting....