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.
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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....
FIRSTSERVICE CORP....
FINNING INTERNATIONAL INC....
The COVID-19-related lockdowns have prompted consumers to stock up on food and other essential items. This includes using the company’s expanding e-commerce services such as home ordering and in-store pickup or delivery. As a result, Loblaw’s total revenue in the quarter ended March 21, 2020, jumped 10.7%, to $11.80 billion from $10.66 billion a year earlier.
Overall earnings jumped 21.4% to $352 million from $290 million a year earlier....
We picked United Technologies as our top Conservative pick for 2020 before the COVID-19 outbreak. Despite the resulting stock market damage, our reasons behind that choice are still valid.
The merger with defense contractor Raytheon has helped cut its exposure to commercial airlines, which continue to struggle during the current crisis....
In its fiscal 2020 third quarter, ended March 31, 2020, revenue rose 2.0%, to $1.25 billion from $1.22 billion a year earlier....
PEPSICO INC....