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
VEONEER INC. $36.57 (New York symbol VNE; TSINetwork Rating: Extra Risk) (www.veoneer.com; Shares outstanding: 112.0 million; Market cap: $4.1 billion; No dividends paid) makes Advanced Driver-Assistance Systems (ADAS).
We said in the July 2021 issue of Power Growth Investor we thought Veoneer could become a takeover target—including from Qualcomm (symbol QCOM on Nasdaq).
On July 22, 2021, Canadian auto-parts maker Magna International (symbol MG on Toronto) offered $31.25 each share of Veoneer....
We said in the July 2021 issue of Power Growth Investor we thought Veoneer could become a takeover target—including from Qualcomm (symbol QCOM on Nasdaq).
On July 22, 2021, Canadian auto-parts maker Magna International (symbol MG on Toronto) offered $31.25 each share of Veoneer....
TOROMONT INDUSTRIES LTD. $106 is a buy. The company (Toronto symbol TIH; Aggressive Growth Portfolio; Manufacturing & Industry sector; Shares outstanding: 82.5 million; Market cap: $8.7 billion; Price-to-sales ratio: 2.3; Dividend yield: 1.3%; TSINetwork Rating: Extra Risk; www.toromont.com) distributes a broad range of industrial equipment (such as bulldozers, backhoe loaders and drills), including Caterpillar machinery, in eastern Canada and the Eastern Seaboard of the U.S....
FirstService and Colliers have rebounded strongly from last year’s low as businesses and individuals re-purpose their properties in response to the pandemic. Both look expensive in relation to earnings, but they are in a strong position to keep winning new contracts....
Nutrien has risen just 16% since the merger of Agrium and Potash Corp. at the start of 2018. That’s modest compared to the 26% rise for the S&P/TSX Composite Index. Still, we feel that slower rise speaks to Nutrien’s unrecognized value. In fact, we believe the company is in a strong position to accelerate its growth over the next few years.
The fertilizer giant has now mostly integrated the operations of its two predecessors....
The fertilizer giant has now mostly integrated the operations of its two predecessors....
With their clean, renewable power, these two companies have strong conceptual appeal for investors. But just as important—especially considering the pandemic—is their diverse mix of hydroelectric, wind and solar power. It, along with their long-term contracts, provide them with stable cash flows....
APA CORP. $19 (www.apacorp.com) remains a hold, but only for aggressive investors. The company produces oil and natural gas from properties in the U.S., Egypt and the U.K. APA and its partner Total SA recently announced a major offshore discovery near South America’s Suriname....
Starbucks hit a new all-time high of $126.32 on July 23, 2021. Even though it is down slightly since then, the stock is still up over 100% since we first recommended it at $57 in our June 2018 issue.
We’re confident the stock will continue to move higher....
We’re confident the stock will continue to move higher....
TEXAS INSTRUMENTS INC. $187 is a buy. The stock (Nasdaq symbol TXN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 923.0 million; Market cap: $172.6 billion; Price-to-sales ratio: 10.3; Dividend yield: 2.2%; TSINetwork Rating: Average; www.ti.com) gives you a stake in this top maker of analog chips....
FORD MOTOR CO. $14 is still a hold. The automaker (New York symbol F; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 3.9 billion; Market cap: $54.6 billion; Price-to-sales ratio: 0.4; Dividend suspended in March 2020; TSINetwork Rating: Extra Risk; www.ford.com) has suspended car and truck production at eight of its plants in North America in July 2021 due to an ongoing shortage of computer chips....
American Depositary Receipts (ADRs) that trade on New York are a great way for investors to buy some of the world’s top companies. Here are two of our favourite ADRs, but only one is suitable for your new buying.
ABB LTD. ADRs $37 is a buy. The company (New York symbol ABB; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 2.0 billion; Market cap: $74.0 billion; Price-to-sales ratio: 2.6; Dividend yield: 2.3%; TSINetwork Rating: Above Average; www.abb.com) is a leading manufacturer of transformers, transmission systems and circuit breakers for electrical utilities....
ABB LTD. ADRs $37 is a buy. The company (New York symbol ABB; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 2.0 billion; Market cap: $74.0 billion; Price-to-sales ratio: 2.6; Dividend yield: 2.3%; TSINetwork Rating: Above Average; www.abb.com) is a leading manufacturer of transformers, transmission systems and circuit breakers for electrical utilities....