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
United Technologies gifted its investors with two spinoffs following its April merger with Raytheon Co. For each UTX share they held, investors received 0.5 of a share in Otis (elevators) and 1 share in Carrier (heating and air conditioning equipment).
We’re confident these two spinoffs will move higher for you in the next few years....
MOTOROLA SOLUTIONS INC. $139 is a buy. The company (New York symbol MSI; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 175.7 million; Market cap: $24.4 billion; Price-to-sales ratio: 3.0; Dividend yield: 1.8%; TSINetwork Rating: Average; www.motorolasolutions.com) makes communications equipment such as radios for police and fire vehicles, as well as high-definition surveillance systems.
The company recently acquired IndigoVision....
Microsoft has been one of the stock market’s shining stars during the COVID-19 pandemic. That’s mainly due to CEO Satya Nadella’s 2014 plan to expand the company’s cloud-computing operations. The move has helped it profit during the outbreak as more people work from home.
Looking beyond COVID-19, we feel the stock can move higher....
Looking beyond COVID-19, we feel the stock can move higher....
We’re now seeing some attractive investment opportunities in drug stocks for our subscribers—and we’re adding the best of them to your Power Growth Investor.
You could say this is related to the fight against COVID-19. But, it was going to happen anyway, due to regulatory and research developments that were already underway....
You could say this is related to the fight against COVID-19. But, it was going to happen anyway, due to regulatory and research developments that were already underway....
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....