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
Carrier has soared 258% and Otis is up 86% since Raytheon Technologies Corp. (New York symbol RTX), formerly United Technologies (old symbol UTX) spun them off in April 2020. For each UTX share they held, investors received 0.5 of a share in Otis and 1 share in Carrier.
Both spinoffs should continue to move higher over the next few years, particularly as the new U.S....
Both spinoffs should continue to move higher over the next few years, particularly as the new U.S....
IDEXX LABORATORIES INC. $624 is still a hold. The company (Nasdaq symbol IDXX; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 84.8 million; Market cap: $52.9 billion; Price-to-sales ratio: 16.8; No dividends paid; TSINetwork Rating: Average; www.idexx.com) makes equipment that veterinarians use to detect diseases in pets and farm animals.
In the third quarter of 2021, sales rose 12.3%, to $810.4 million from $721.8 million a year earlier....
In the third quarter of 2021, sales rose 12.3%, to $810.4 million from $721.8 million a year earlier....
Adobe and Fair Isaac have moved down after hitting record highs in 2021. However, demand for their products remains strong, particularly as employees continue to work from home during the pandemic.
ADOBE INC. $558 is buy. The company (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 475.8 million; Market cap: $265.5 billion; Price-to-sales ratio: 18.0; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) makes software that lets computer users create, edit and share documents in the popular PDF format....
STARBUCKS CORP. $110 remains a buy for aggressive investors. The company (Nasdaq symbol SBUX; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 1.2 billion; Market cap: $132.0 billion; Price-to-sales ratio: 4.8; Dividend yield: 1.8%; TSINetwork Rating: Above Average; www.starbucks.com) is a leading seller and roaster of specialty coffee....
Concerns that the Omicron variant of COVID-19 will lead to new lockdowns have hurt the stock prices of these two fast-food companies. However, their customers continue to embrace online ordering and home delivery, which should spur their long-term earnings.
YUM! BRANDS INC....
YUM! BRANDS INC....
Instead of investing directly in cryptocurrencies, such as bitcoin, we prefer companies like Visa and PayPal that will profit from processing crypto transactions. Both firms also stand to gain from the ongoing shift to electronic payments.
VISA INC....
VISA INC....
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....