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
Pandemic lockdowns gave the video game industry a big boost. Its long-term outlook is also positive as publishers shift from selling computer games for a one-time upfront fee to making level-one games free. That hurts short-term sales, but at the same time boosts long-term revenue as players increasingly purchase in-game digital goods such as weapons, costumes, enhanced avatars and access to higher levels.
Meanwhile, Electronic Arts is acquiring a mobile games leader to quickly gain a big share of the fastest-growing segment of the videogame market....
Meanwhile, Electronic Arts is acquiring a mobile games leader to quickly gain a big share of the fastest-growing segment of the videogame market....
MAPLE LEAF FOODS INC. $27 is still a hold. The company (Toronto symbol MFI; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 123.9 million; Market cap: $3.3 billion; Price-to-sales ratio: 0.8; Dividend yield: 2.7%; TSINetwork Rating: Average; www.mapleleaffoods.com) reported an 11.1% sales rise for the three months ended December 31, 2020, to $1.13 billion from $1.02 billion a year earlier....
FIRSTSERVICE CORP. $190 is a buy for aggressive investors. The company (Toronto symbol FSV; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 43.6 million; Market cap: $8.3 billion; Price-to-sales ratio: 3.0; Dividend yield: 0.5%; TSINetwork Rating: Extra Risk; www.firstservice.com) tends to fuel its growth with acquisitions....
Fertilizer demand and prices are moving up again with the global economy—spurring Nutrien’s profits. The company’s recent sale of its investment in Egypt also frees up cash for new growth projects and acquisitions. Moreover, Nutrien is rewarding investors with higher dividends and share buybacks.
NUTRIEN LTD....
NUTRIEN LTD....
TOROMONT INDUSTRIES LTD. $92 is a buy. The company (Toronto symbol TIH; Aggressive Growth Portfolio; Manufacturing & Industry sector; Shares outstanding: 82.5 million; Market cap: $7.6 billion; Price-to-sales ratio: 2.2; Dividend yield: 1.3%; TSINetwork Rating: Extra Risk; www.toromont.com) distributes a range of industrial equipment, including Caterpillar machinery, in eastern Canada....
CAE INC. $35 is still a buy. The company (Toronto symbol CAE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 282.8 million; Market cap: $9.9 billion; Price-to-sales ratio: 3.2; Dividend suspended in March 2020; TSINetwork Rating: Average; www.cae.com) delivered 10 flight simulators in the quarter ended December 31, 2020....
COVID-19 has hurt CGI’s ability to visit clients and secure new computer outsourcing contracts, which is why its shares fell to $67 in March 2020.
Even though the stock has rebounded 48%, we feel it can move even higher as the rollout of new vaccines speeds up the reopening of more businesses....
Even though the stock has rebounded 48%, we feel it can move even higher as the rollout of new vaccines speeds up the reopening of more businesses....
Adobe and Fair Isaac have soared in the past year. That’s because their products have helped businesses connect their remote workers and guard their confidential data during the COVID-19 pandemic. We see them as buys, but only for highly aggressive investors.
ADOBE INC....
ADOBE INC....
ABB LTD. ADRs $30 is a buy. The company (New York symbol ABB; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 2.1 billion; Market cap: $63.0 billion; Price-to-sales ratio: 2.3; Dividend yield: 2.8%; TSINetwork Rating: Above Average; www.abb.com) is a leading manufacturer of transformers, transmission systems and circuit breakers for electrical utilities....
These two tech firms are seeing stronger sales and earnings as their clients rebound from COVID-19. Their dominant positions in niche markets also cut your risk.
AGILENT TECHNOLOGIES INC. $125 is a buy. The company (New York symbol A; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 305.0 million; Market cap: $38.1 billion; Price-to-sales ratio: 6.9; Dividend yield: 0.6%; TSINetwork Rating: Average; www.agilent.com) makes specialized testing equipment for medical research laboratories and industrial clients....