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
FEDEX CORP. $221 is a buy. The company (New York symbol FDX; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 265.0 million; Market cap: $58.6 billion; Price-to-sales ratio: 0.6; Divd. yield: 1.4%; TSINetwork Rating: Average; www.fedex.com) delivers packages and documents in the U.S....
Technology stocks such as Alphabet (see page 31) and the three we analyze below tend to trade at somewhat high multiples to their earnings. That can scare away many more-conservative investors.
However, all of these firms are market leaders in their niche fields, which helps shield them from the chip shortages that are hurting tech companies like HP and HP Enterprise (see page 35)....
However, all of these firms are market leaders in their niche fields, which helps shield them from the chip shortages that are hurting tech companies like HP and HP Enterprise (see page 35)....
VISA INC. $215 is a buy. The company (New York symbol V; Conservative Growth Portfolio, Finance sector; Shares outstanding: 2.1 billion; Market cap: $451.5 billion; Price-to-sales ratio: 16.8; Dividend yield: 0.7%; TSINetwork Rating: Above Average; www.visa.com) has suspended is operations in Russia as a result of that country’s attack on Ukraine....
Alphabet (the parent company of Internet search engine Google) announced that it will split its outstanding shares on a 20-for-1 basis later this year. While the split will have no effect on the total value of the company, the lower share price makes Alphabet more attractive to retail investors.
Meantime, the company continues to profit from the long-term shift by advertisers to the Internet from traditional print and TV platforms....
Meantime, the company continues to profit from the long-term shift by advertisers to the Internet from traditional print and TV platforms....
Goodyear’s longer-term outlook is positive as demand for its tires continues to recover. In addition, it’s making significant investments in future tire technologies, including for electric vehicles. But in the near term, it faces considerable inflationary pressures.
GOODYEAR TIRE & RUBBER, $14.08, is a buy. The manufacturer (Nasdaq symbol GT; TSINetwork Rating: Extra Risk) (www.goodyear.com; Shares outstanding: 281.8 million; Market cap: $3.7 billion; No dividends paid) expects inflationary cost pressures to push its expenses up by $700 million to $800 million in just the first half of this year compared to last year....
GOODYEAR TIRE & RUBBER, $14.08, is a buy. The manufacturer (Nasdaq symbol GT; TSINetwork Rating: Extra Risk) (www.goodyear.com; Shares outstanding: 281.8 million; Market cap: $3.7 billion; No dividends paid) expects inflationary cost pressures to push its expenses up by $700 million to $800 million in just the first half of this year compared to last year....
Long-time readers know that we keep you informed of important news about the stocks we cover. That means highlighting developments and plans that promise to brighten prospects for investors. Here are two buys that stand out this month:
GARMIN LTD., $111.93, is a buy. The company (Nasdaq symbol GRMN; TSINetwork Rating: Extra Risk) (Shares o/s: 192.8 million; Market cap: $21.2 billion; Yield: 2.4%) makes GPS devices and software for five different markets: fitness, outdoors, auto, aviation, and marine....
GARMIN LTD., $111.93, is a buy. The company (Nasdaq symbol GRMN; TSINetwork Rating: Extra Risk) (Shares o/s: 192.8 million; Market cap: $21.2 billion; Yield: 2.4%) makes GPS devices and software for five different markets: fitness, outdoors, auto, aviation, and marine....
The coronavirus pandemic forced the cancellation of most vacation plans. However, the reopening of the economy is spurring strong demand for travel—and Wyndham should benefit from that surge. Meanwhile, Twilio prospered during the pandemic, but its share price has come down lately....
DRAFTKINGS INC., $18.32, is a buy. The company (Nasdaq symbol DKNG; TSINetwork Rating: Extra Risk) (www.draftkings.com; Shares o/s: 789.3 million; Market cap: $14.7 billion; No dividend) is down, along with tech-oriented/online-platform stocks that are still unprofitable....
ELI LILLY & CO., $276.44, is a buy. The company (New York symbol LLY; TSINetwork Rating: Above Average) (www.lilly.com; Shares o/s: 952.3 million; Market cap: $262.3 billion; Dividend yield: 1.4%) has announced that it’s building a new RNA medicine centre in Boston for $700 million....
SHOPIFY INC., $657.16, remains a buy. The company (Toronto symbol SHOP; TSINetwork Rating: Extra Risk) (www.shopify.ca; Shares o/s: 116.4 million; Market cap: $87.1 billion; No dividends paid) has moved down from the all-time high of $2,229 it hit in November 2021—and along with other unprofitable tech-oriented/online platform stocks....