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.
Read More
Close
Growth Stocks Library Archives
1LIFE HEALTHCARE, $32.90, is still a buy for aggressive investors. The company (Nasdaq symbol ONEM; TSINetwork Rating: Extra Risk) (www.onemedical.com; Shares outstanding: 137.7 million; Market cap: $4.7 billion; No dividends paid) is a membership-based provider of primary health care relying on its One Medical technology platform....
One Successful Investor way to cut IPO risk—and distinguish the good from the bad—is to wait till a new issue has survived a market slump and/or recession. And in the case of tech-focused PagerDuty, it has. The stock dropped to near $13 in March 2020 as COVID-19 took hold....
Toromont’s shares hit a new all-time high of $111 in May 2021, as the spread of COVID-19 slowed and construction and mining firms began to accelerate their projects. The stock will likely keep moving higher as governments in Ontario and Quebec undertake new infrastructure projects to further spur their recovery.
TOROMONT INDUSTRIES LTD....
TOROMONT INDUSTRIES LTD....
HOME CAPITAL GROUP INC. $36 remains a hold for aggressive investors. The company (Toronto symbol HCG; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 53.0 million; Market cap: $1.9 billion; Price-to-sales ratio: 3.3; Dividend suspended in May 2017; TSINetwork Rating: Speculative; www.homecapital.com) is a mortgage lender serving borrowers who fail to meet the stricter standards of big banks and traditional lenders.
In the quarter ended March 31, 2021, Home Capital’s revenue rose 9.8%, to $139.6 million from $127.2 million a year earlier....
In the quarter ended March 31, 2021, Home Capital’s revenue rose 9.8%, to $139.6 million from $127.2 million a year earlier....
BOMBARDIER INC. is still a hold. The company (Toronto symbols BBD.A $1.28 and BBD.B $1.07; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 2.4 billion; Market cap: $2.6 billion; Price-to-sales ratio: 0.4; Dividend suspended in February 2015; TSINetwork Rating: Speculative; www.bombardier.com) mainly makes business jets for the private sector, but is slowly expanding sales to military clients.
Bombardier recently won a new order from the U.S....
Bombardier recently won a new order from the U.S....
METRO INC. $58 is a buy. The supermarket and drugstore operator (Toronto symbol MRU; Aggressive Growth Portfolio, Consumer sector; Shares o/s: 248.4 million; Market cap: $14.4 billion; Price-to-sales ratio: 0.8; Dividend yield: 1.7%; TSINetwork Rating: Average; www.metro.ca) continues to invest in automation to help cut its labour costs and boost efficiency....
NUTRIEN LTD. $79 is a buy. The company (Toronto symbol NTR; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 569.1 million; Market cap: $45.0 billion; Price-to-sales ratio: 2.2; Dividend yield: 2.9%; TSINetwork Rating: Average; www.nutrien.com) is the world’s largest producer of agricultural fertilizers: it ships about 25 million tonnes annually.
Rising crop prices are prompting farmers to use more fertilizer to boost their yields....
Rising crop prices are prompting farmers to use more fertilizer to boost their yields....
CGI INC. $109 is our #1 Aggressive buy for 2021. The company (Toronto symbol GIB.A; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 253.8 million; Market cap: $27.7 billion; Price-to-sales ratio: 2.2; No dividends paid; TSINetwork Rating: Extra Risk; www.cgi.com) helps its clients automate routine functions such as accounting and buying supplies....
Cintas’s shares have jumped 48% in the past year as investors expect COVID-19 vaccines will let more businesses re-open and spur demand for its corporate uniforms. Even after that big rise, we feel Cintas can continue to move higher as it aims to expand its market share with acquisitions of smaller competitors....
FEDEX CORP. $311 remains a buy. The company (New York symbol FDX; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 262.6 million; Market cap: $81.7 billion; Price-to-sales ratio: 1.1; Dividend yield: 0.8%; TSINetwork Rating: Average; www.fedex.com) delivers packages and documents in the U.S....