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
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 new buying....
WYNDHAM HOTELS & RESORTS $73.11, is suitable for your new buying....
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....
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 total....
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 shares are now up 72.8% for our subscribers since we first recommended the stock in our May 2020 issue of Power Growth Investor at $325.83 a share....
The shares are now up 72.8% for our subscribers since we first recommended the stock in our May 2020 issue of Power Growth Investor at $325.83 a share....
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 Buy.
TJX COMPANIES, $69.48 (New York symbol TJX; TSINetwork Rating: Above Average) (tjx.com; Shares outstanding: 1.2 billion; Market cap: $83.6 billion; Dividend yield: 1.5%) is a leading off-price retailer of clothing, accessories and home fashions....
TJX COMPANIES, $69.48 (New York symbol TJX; TSINetwork Rating: Above Average) (tjx.com; Shares outstanding: 1.2 billion; Market cap: $83.6 billion; Dividend yield: 1.5%) is a leading off-price retailer of clothing, accessories and home fashions....
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 industry.
In the quarter ended June 30, 2021, revenue rose 8.4%, to $5.63 billion from $5.19 billion a year earlier....
In the quarter ended June 30, 2021, revenue rose 8.4%, to $5.63 billion from $5.19 billion a year earlier....
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....
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)....
Stantec is now up 66% since we promoted the company to our Successful Investor Aggressive Growth Portfolio from our Power Growth Investor newsletter. That’s mainly because investors feel the company is in a strong position to profit as governments spend more on infrastructure projects....
SAPUTO INC. $35 is still a hold. The dairy producer (Toronto symbol SAP; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 408.7 million; Market cap: $14.3 billion; Price-to-sales ratio: 1.0; Dividend yield: 2.1%; TSINetwork Rating: Average; www.saputo.com) tends to fuel its growth with acquisitions.
It recently purchased two food-making facilities in North Carolina....
It recently purchased two food-making facilities in North Carolina....