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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SYMANTEC CORP. $20.29 (Nasdaq symbol SYMC; TSINetwork Rating: Average) (650-527-8000; www.symantec.com; Shares outstanding: 639.2 million; Market cap: $13.0 billion; Dividend yield: 1.5%) sells computer-security technology, including antivirus and email-filtering software, to businesses and consumers.
The stock is down 19.9% from its recent peak of $24.77 on April 17, 2019....
In its fiscal 2019 second quarter, ended March 31, 2019, Calian’s revenue rose 7.8%, to $83.4 million from $77.4 million a year earlier....
The company will continue to aggressively repurchase its shares....
FIRSTSERVICE CORP. $115.56 (Toronto symbol FSV; TSINetwork Rating: Extra Risk) (416-960-9500; www.firstservice.com; Shares outstanding: 36.0 million; Market cap: $4.2 billion; Dividend yield: 0.7%) set up its commercial real estate business, Colliers International Group, as a separate company on June 1, 2015 (see this page)....
The company now plans to expand to over 40,000 outlets in the next eight to 10 years....
The stock is now up over 64% after the company recently accepted a $31.00-a-share all-cash takeover offer from Onex Corp....