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
Mondelez is approaching the ninth anniversary of its October 2012 split from Kraft Foods Group. The breakup let Mondelez focus on its faster-growing snack foods business, particularly in developing countries. The stock is now up around 120% since the split, and we feel it still has plenty of growth ahead....
With COVID-19, both Texas Roadhouse and Chipotle dropped alongside the market. But each has used smart strategies to rebound and climb to new highs. We think both companies are well-positioned to capitalize on their popular food offerings to keep attracting more dine-in, pick-up and takeout customers....
DRAFTKINGS INC., $52.10 is a Power Buy. The company (Nasdaq symbol DKNG; TSINetwork Rating: Extra Risk) (www.draftkings.com; Shares o/s: 789.3 million; Market cap: $40.7 billion; No divd.) is acquiring Golden Nugget Online Gaming (symbol GNOG on Nasdaq) for $1.56 billion in stock.
The deal gives the company a combined database of more than five million customers....
The deal gives the company a combined database of more than five million customers....
SLACK TECHNOLOGIES $45.58 (formerly symbol WORK on New York) provides firms with an online platform to help their teams of workers communicate through chat and direct messaging.
Salesforce.com has now completed its acquisition of Slack for $27.7 billion....
Salesforce.com has now completed its acquisition of Slack for $27.7 billion....
ResMed’s increased production of life support ventilators, non-invasive ventilators, and ventilation mask systems is winding down as the pandemic eases. But the lower sales there have been more than offset by expanding sales for the company’s core sleep apnea products.
We still believe in this leader’s strong prospects and its outlook....
We still believe in this leader’s strong prospects and its outlook....
The pandemic presented this industrial stock with unique challenges. However, the company remains profitable and is well positioned to keep weathering the crisis and prosper anew. We see the stock as a buy.
GOODYEAR TIRE & RUBBER $15.31 (Nasdaq symbol GT; TSINetwork Rating: Extra Risk) (www.goodyear.com; Shares o/s: 235.0 million; Market cap: $4.4 billion; No divds.) is one of the world’s largest tire makers....
GOODYEAR TIRE & RUBBER $15.31 (Nasdaq symbol GT; TSINetwork Rating: Extra Risk) (www.goodyear.com; Shares o/s: 235.0 million; Market cap: $4.4 billion; No divds.) is one of the world’s largest tire makers....
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....