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
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....
MONDELEZ INTERNATIONAL INC. $64 is a buy. The company (Nasdaq symbol MDLZ; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 1.4 billion; Market cap: $89.6 billion; Price-to-sales ratio: 3.3; Dividend yield: 2.0%; TSINetwork Rating: Above Average; www.mondelezinternational.com) has risen nearly 50% from its March 2020 low as stay-at-home orders increased consumption for its snack food products....
T. ROWE PRICE GROUP INC. $188 is a buy. The company’s (Nasdaq symbol TROW; Aggressive Growth and Income Portfolios, Finance sector; Shares outstanding: 226.4 million; Market cap: $42.6 billion; Price-to-sales ratio: 6.5; Dividend yield: 2.3%; TSINetwork Rating: Average; www.troweprice.com) fee income rises with the value of the securities it manages....
Hospitals and research labs had to shift their spending during the early phases of the COVID-19 pandemic to products that helped combat the virus. Now that the pandemic is easing, it’s likely Baxter and Agilent will benefit from improving demand for their non-COVID-19 products.
BAXTER INTERNATIONAL INC....
BAXTER INTERNATIONAL INC....
CEDAR FAIR L.P. $46 is still a hold. The partnership (New York symbol FUN; Income Portfolio, Consumer sector; Units outstanding: 56.7 million; Market cap: $2.6 billion; Price-to-sales ratio: 18.9; Dividend suspended in June 2020; TSINetwork Rating: Average; www.cedarfair.com) owns 11 amusement parks and four water parks....