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
Engineering firms offer investors a tempting way to profit as governments around the world plan to spur their post-pandemic growth with new spending on public infrastructure such as roads, bridges and power grids. That will spur new orders at both Stantec and SNC-Lavalin....
Bombardier has now completed the sale of its passenger railcar business. This was the last transaction in a series of deals to let it focus exclusively on making business jets under the Challenger, Global and Learjet brands. However, its high debt burden remains a major risk factor.
BOMBARDIER INC....
BOMBARDIER INC....
HOME CAPITAL GROUP INC. $31 remains a hold for aggressive investors. The stock (Toronto symbol HCG; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 53.0 million; Market cap: $1.6 billion; Price-to-sales ratio: 3.4; Dividend suspended in May 2017; TSINetwork Rating: Speculative; www.homecapital.com) lets you tap a mortgage lender serving borrowers who fail to meet the stricter standards of big banks and traditional lenders.
The stock has rebounded strongly from its March 2020 low of $13.67 a share as record-low interest rates continue to spur strong demand for new mortgages.
However, low interest rates are also making it harder for smaller lenders like Home Capital to attract depositors away from the big banks, which they see as safer during the pandemic....
The stock has rebounded strongly from its March 2020 low of $13.67 a share as record-low interest rates continue to spur strong demand for new mortgages.
However, low interest rates are also making it harder for smaller lenders like Home Capital to attract depositors away from the big banks, which they see as safer during the pandemic....
BROOKFIELD RENEWABLE PARTNERS L.P. $57.90, is a buy. The partnership (Toronto symbol BEP.UN; Units outstanding: 309.1 million; Market cap: $26.3 billion; TSINetwork Rating: Extra Risk; Dividend yield: 2.6%; www.brookfieldrenewable.com) has agreed to buy a portfolio of solar assets from U.S....
TENNANT CO. $69 (www.tennantco.com) is a hold. The company makes industrial floor and street-cleaning equipment. COVID-19 continues to slow demand for that equipment from malls, office buildings and sports arenas. In response, Tennant is laying off workers and cutting executive pay....
FORD MOTOR CO. $11 is still a hold. The stock (New York symbol F; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 3.9 billion; Market cap: $42.9 billion; Price-to-sales ratio: 0.3; Dividend suspended in March 2020; TSINetwork Rating: Extra Risk; www.ford.com) has jumped 30% since the start of 2021 on positive reviews for its new electric-powered vehicles, including its Mustang sports car and F-150 pickup truck.
However, the company will book over $2.1 billion in charges against its 2020 earnings....
These two picks continue their impressive rebound following the March 2020 stock market drop—and despite COVID-19 lockdowns. Those gains reflect their vital products for businesses. We expect they will climb even higher as more businesses re-open.
MOTOROLA SOLUTIONS INC....
MOTOROLA SOLUTIONS INC....
IDEXX LABORATORIES INC. $465 is still a hold. The company (Nasdaq symbol IDXX; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 84.9 million; Market cap: $39.5 billion; Price-to-sales ratio: 15.3; No dividends paid; TSINetwork Rating: Average; www.idexx.com) makes equipment that veterinarians use to detect diseases in pets and farm animals.
The stock has soared 70% in the past year....
The stock has soared 70% in the past year....
Shares of these two fast-food companies have held up well during the pandemic. That’s thanks in part to their already well-established takeout and delivery services. New menu items and smaller, less costly restaurants also set them for more gains.
YUM! BRANDS INC....
YUM! BRANDS INC....
NVIDIA CORP. $517 is a buy. The company (Nasdaq symbol NVDA; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 619.0 million; Market cap: $320.0 billion; Price-to-sales ratio: 21.6; Dividend yield: 0.1%; TSINetwork Rating: Average; www.nvidia.com) is finding new uses for its graphic chips beyond video games....