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
TOROMONT INDUSTRIES LTD. $65 is a buy. The company (Toronto symbol TIH; Aggressive Growth Portfolio; Manufacturing & Industry sector; Shares outstanding: 82.0 million; Market cap: $5.3 billion; Price-to-sales ratio: 1.4; Dividend yield: 1.9%; TSINetwork Rating: Extra Risk; www.toromont.com) distributes a range of industrial equipment, including Caterpillar machinery, in eastern Canada....
Investors can count food retailers among their best performers since the start of the COVID-19 outbreak in March and as self-isolating shoppers load up on food and other supplies. However, food and beverage producers have struggled with the sudden drop in sales to restaurants.
We still like all four of these Consumer-sector stocks—producers and sellers alike....
We still like all four of these Consumer-sector stocks—producers and sellers alike....
METRO INC., $58.11, is a buy. The stock (Toronto symbol MRU; Shares o/s: 254.2 million; Market cap: $14.8 billion; TSINetwork Rating: Average; Dividend yield: 1.6%; www.metro.ca) lets you tap 950 grocery stores and 650 drugstores, in Quebec, Ontario and New Brunswick.
To improve its long-term profitability and drive investor value, Metro now plans to build a new distribution centre near Montreal to handle fresh and frozen products....
To improve its long-term profitability and drive investor value, Metro now plans to build a new distribution centre near Montreal to handle fresh and frozen products....
STARBUCKS CORP. $77 remains a buy. The stock (Nasdaq symbol SBUX; Aggressive Growth Portfolio, Consumer sector; Shares o/s: 1.2 billion; Market cap: $92.4 billion; Price-to-sales ratio: 3.4; Dividend yield: 2.1%; TSINetwork Rating: Above Average; www.starbucks.com) lets you tap this leading seller and roaster of specialty coffee....
MTS SYSTEMS CORP. $17 (www.mts.com) remains a hold. The company makes equipment and software that manufacturers use to test the behaviour of materials, machines and structures. Investors also tap its production of sensors for industrial equipment....
These three tech stocks have held up well for investors during the COVID-19 crisis. That reflects higher demand for their products during the stay-at-home shutdown. However, for your new buying, we currently prefer two of the three.
ADOBE INC....
ADOBE INC....
The COVID-19 outbreak has forced many businesses worldwide to temporarily shut down. That in turn has hurt spending on online advertising—particularly by small businesses, restaurants, travel agents and car dealers. To protect value for its investors, Alphabet has slowed the pace of new hiring in response to the slowdown and cut other costs.
Those actions will help protect Alphabet’s profits until the pandemic ends....
Those actions will help protect Alphabet’s profits until the pandemic ends....
As our subscriber, you know that ACI Worldwide and Broadridge are not household names. Still, you also know that does nothing to diminish the vital role they play for corporations relying on their back-office supports.
In addition, you should know that both of these service providers have business models that will let them prosper despite COVID-19’s huge economic and social impact.
That’s why we continue to see both ACI Worldwide and Broadridge as buys for your future gains.
ACI WORLDWIDE, $24.32, is a buy. The company (Nasdaq symbol ACIW; TSINetwork Rating: Extra Risk) (www.aciworldwide.com; Shares outstanding: 116.1 million; Market cap: $2.9 billion; No dividends paid) makes software for processing transactions by credit cards, debit cards, automated teller machines, point-of-sale terminals and interbank systems....
In addition, you should know that both of these service providers have business models that will let them prosper despite COVID-19’s huge economic and social impact.
That’s why we continue to see both ACI Worldwide and Broadridge as buys for your future gains.
ACI WORLDWIDE, $24.32, is a buy. The company (Nasdaq symbol ACIW; TSINetwork Rating: Extra Risk) (www.aciworldwide.com; Shares outstanding: 116.1 million; Market cap: $2.9 billion; No dividends paid) makes software for processing transactions by credit cards, debit cards, automated teller machines, point-of-sale terminals and interbank systems....
Despite the COVID-19 outbreak, Goodfood continues to gain more and more customers. The stock is now up almost 20% for investors since we first recommended it in our December 2019 issue of Power Growth Investor at $3.02.
Goodfood’s stellar results in the latest quarter came before the COVID-19 virus really began to force Canadians to stay home....
Goodfood’s stellar results in the latest quarter came before the COVID-19 virus really began to force Canadians to stay home....
Most stocks have dropped in the current market downturn, but we feel top-quality shares will be among the first to rebound. However, some, including Nissan, have severe problems in their markets that will likely block recovery anytime soon. Others, like Luckin Coffee, have big internal issues that limit their growth prospects ahead....