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
Slack Technologies provides firms with an application to help their teams of employees communicate through chat and direct messaging.
Meanwhile, even though the overall market is expanding rapidly, Slack faces significant competition. Its rivals include Microsoft Teams, Cisco Systems’ Webex Teams and Facebook’s Workplace.
That’s why its new partnership with Amazon.com is an important step toward gaining more and more market share against competitors.
SLACK TECHNOLOGIES INC....
Long-time readers know that we constantly evaluate the stocks we recommend to see if they should remain in the Power Growth Investor newsletter. Here’s a look at two: one is a sell, and one is still a buy for aggressive investors.
DOREL INDUSTRIES $5.25 is a sell. The company (Toronto symbol DII.B; TSINetwork Rating: Extra Risk) (www.dorel.com; Shares outstanding: 33.6 million; Market cap: $182.1 million; No dividends paid) makes a range of items: ready-to-assemble home and office furniture; juvenile products such as car seats, strollers, high chairs, toddler beds and cribs; and bicycles and other sporting goods.
It appears that for the most part Dorel’s global supply chain is recovering, and demand, particularly for its bike and furniture products, was improving through April....
DOREL INDUSTRIES $5.25 is a sell. The company (Toronto symbol DII.B; TSINetwork Rating: Extra Risk) (www.dorel.com; Shares outstanding: 33.6 million; Market cap: $182.1 million; No dividends paid) makes a range of items: ready-to-assemble home and office furniture; juvenile products such as car seats, strollers, high chairs, toddler beds and cribs; and bicycles and other sporting goods.
It appears that for the most part Dorel’s global supply chain is recovering, and demand, particularly for its bike and furniture products, was improving through April....
THE TJX COMPANIES. $54.54 is a buy. The company (New York symbol TJX; TSINetwork Rating: Above Average) (www.tjx.com; Shares o/s: 1.2 billion; Market cap: $66.5 billion; No divds.) is a leading off-price retailer of clothing, accessories and home fashions....
Swiss pharmaceutical giant Novartis spun off Alcon just last year. And as we’ve said many times before, spinoffs are the closest thing you can find to a sure thing, regardless of market ups and downs.
Alcon also gives you two other exciting ways to profit....
Alcon also gives you two other exciting ways to profit....
Warner Music’s recent successful IPO launch despite COVID-19 volatility shows the strength of the music industry. That market continues to revive with the rise of music-streaming services such as Spotify and Apple Music as well as video apps such as TikTok.
Through the IPO, the company sold 77 million shares at $25 each to raise $1.9 billion.
The value of its music assets has rebounded following tough times that began in 2001 with online piracy and the collapse of CD sales....
Through the IPO, the company sold 77 million shares at $25 each to raise $1.9 billion.
The value of its music assets has rebounded following tough times that began in 2001 with online piracy and the collapse of CD sales....
Shares of DraftKings—the leader in U.S. online sports betting—only recently began trading on Nasdaq. However, this “Power Buy” has already doubled in value. That’s despite the cancellation of most professional sports due to the pandemic.
In fact, its share-price jump—even amid the lockdown—testifies to the strong demand for sports wagers....
In fact, its share-price jump—even amid the lockdown—testifies to the strong demand for sports wagers....
RESTAURANT BRANDS INTERNATIONAL INC. $77 is a buy. The company (Toronto symbol QSR; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 463.8 million; Market cap: $35.7 billion; Price-to-sales ratio: 4.2; Dividend yield: 3.7%; TSINetwork Rating: Average; www.rbi.com) has 27,086 fast-food outlets in over 100 countries: 18,838 Burger King, 4,932 Tim Hortons (coffee and donuts), and 3,316 Popeyes Louisiana Kitchen (fried chicken).
In 2018, Tim Hortons formed a joint venture with Cartesian Capital Group to open 1,500 restaurants in China over the next decade.
Expanding in foreign markets adds risk, which is why a new deal with Tencent Holdings Ltd., China’s biggest social network and online games company, goes a long way to improving the prospects for this venture.
Tencent will invest an unspecified amount in a partnership jointly owned by Restaurant Brands and Cartesian Capital....
In 2018, Tim Hortons formed a joint venture with Cartesian Capital Group to open 1,500 restaurants in China over the next decade.
Expanding in foreign markets adds risk, which is why a new deal with Tencent Holdings Ltd., China’s biggest social network and online games company, goes a long way to improving the prospects for this venture.
Tencent will invest an unspecified amount in a partnership jointly owned by Restaurant Brands and Cartesian Capital....
Governments have designated real estate service companies like FirstService and Colliers as essential, so they continue to operate normally. We feel their solid brands put them in a strong position to rebound as the pandemic eases.
FIRSTSERVICE CORP....
FIRSTSERVICE CORP....
SHAWCOR LTD. $3.89 is still a buy, but only for highly aggressive investors. The company (Toronto symbol SCL; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 70.2 million; Market cap: $273.1 million; Price-to-sales ratio: 0.2; Dividend suspended in March 2020; TSINetwork Rating: Average; www.shawcor.com) makes sealants and coatings that keep oil and gas pipelines from rusting....
Here are two more high-quality, dividend-paying stocks that should gain from rising oil prices. Higher prices would spur demand for Finning’s heavy equipment by oil producers, while Nutrien should see stronger fertilizer sales as farmers plant more corn for ethanol, a gasoline additive.
FINNING INTERNATIONAL INC....
FINNING INTERNATIONAL INC....