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.
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QUAKER CHEMICAL CORP. $244 is still a buy. The company (New York symbol KWR; Income Portfolio, Manufacturing & Industry sector; Shares outstanding: 17.9 million; Market cap: $4.3 billion; Price-to-sales ratio: 2.6; Dividend yield: 0.7%; TSINetwork Rating: Average; www.quakerhoughton.com) completed its acquisition of rival specialty chemicals maker Houghton International in August 2019....
In January 2021, it paid $805.8 million in cash and shares for Bisnode Business Information Group AB....
With the December 2021 payment, Tennant will increase your quarterly dividend by 8.7%....
Overall revenue for the fiscal 2021 fourth quarter, ended October 31, 2021, rose 6.1%, to $1.29 billion from $1.22 billion a year earlier....
WYNDHAM HOTELS & RESORTS, $86.30, is suitable for your new buying. The company (New York symbol WH; TSINetwork Rating: Extra Risk) (www.wyndhamhotels.com; Shares outstanding: 93.2 million; Market cap: $8.0 billion; Dividend yield: 1.1%) is the world’s largest hotel franchiser, with 802,600 rooms spread across 9,000 hotels in 95 countries....
PAGERDUTY INC., $41.16, is a buy. The company (New York symbol PD; TSINetwork Rating: Extra Risk) (www.pagerduty.com; Shares outstanding: 85.0 million; Market cap: $3.6 billion; No dividends paid) operates a platform that collects real-time data from software systems and devices and then notifies its IT customers of any incident that could harm their operations.
In the quarter ended July 31, 2021, revenue rose 33.2%, to $67.5 million from $50.7 million a year earlier....
ACI WORLDWIDE, $33.86, is a buy. The company (Nasdaq symbol ACIW; TSINetwork Rating: Extra Risk) (Shares o/s: 117.6 million; Market cap: $4.1 billion; No divds.) is the leading software provider for processing transactions by credit cards, debit cards, ATMs, point-of-sale terminals and interbank systems....