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
NUTRIEN LTD. $62 (Toronto symbol NTR; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 634.9 million; Market cap: $39.4 billion; Price-to-sales ratio: 1.7; Dividend yield: 3.3%; TSINetwork Rating: Average; www.nutrien.com) is the new firm formed by the merger of Agrium (old symbol AGU) and rival fertilizer producer Potash Corp....
TOROMONT INDUSTRIES LTD. $57 (Toronto symbol TIH; Aggressive Growth Portfolio; Manufacturing & Industry sector; Shares o/s: 81.0 million; Market cap: $4.6 billion; Price-to-sales ratio: 2.0; Dividend yield: 1.6%; TSINetwork Rating: Extra Risk; www.toromont.com) distributes a broad range of industrial equipment, including machinery made by Caterpillar....
BROADRIDGE FINANCIAL SOLUTIONS INC. $107 (www.broadridge.com) serves the investment industry in three main areas: investor communications, securities processing and transaction clearing. The stock has jumped 60% in the past year, partly due to increased mutual fund proxy activity and equity proxy contests....
SHERWIN-WILLIAMS CO. $373 (New York symbol SHW; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 93.6 million; Market cap: $34.9 billion; Price-to-sales ratio: 2.3; Dividend yield: 0.9%; TSINetwork Rating: Above Average; www.sherwin-williams.com) completed its all-cash acquisition of rival paint maker Valspar Corp....
ARCHER DANIELS MIDLAND CO. $46 (New York symbol ADM; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 558.9 million; Market cap: $25.7 billion; Price-to-sales ratio: 0.4; Dividend yield: 2.9%; TSINetwork Rating: Above Average; www.adm.com) processes corn, wheat, soybeans, flaxseed, peanuts and other crops to make a variety of food ingredients such as flour, oils and sweeteners....
TERADATA CORP. $40 (New York symbol TDC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 120.9 million; Market cap: $4.8 billion; Price-to-sales ratio: 2.2; No dividends paid; TSINetwork Rating: Average; www.teradata.com) makes computers and software to capture and store large amounts of data for individual businesses—its clients....
These three firms are well-established leaders in their niche markets. That helps cut the risk of operating in highly cyclical industries. Moreover, their recent acquisitions improve their long-term prospects. Still, only one of the three stocks is currently a buy.
QUAKER CHEMICAL CORP....
SYMANTEC CORP. $28 (Nasdaq symbol SYMC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 621.5 million; Market cap: $17.4 billion; Price-to-sales ratio: 3.7; Dividend yield: 1.1%; TSINetwork Rating: Average; www.symantec.com) sells computer-security technology, including antivirus and email-filtering software, to businesses and consumers.
Symantec has formed a partnership with the security division of NTT Group of Japan (Nippon Telegraph and Telephone Corporation), one of the largest telecommunications companies in the world.
The venture will pair NTT Security’s threat detection and advanced analytics capabilities with Symantec’s Cloud-Delivered Web Security Services....
Symantec has formed a partnership with the security division of NTT Group of Japan (Nippon Telegraph and Telephone Corporation), one of the largest telecommunications companies in the world.
The venture will pair NTT Security’s threat detection and advanced analytics capabilities with Symantec’s Cloud-Delivered Web Security Services....
Alphabet’s shares have declined 4% since the start of 2018. That’s partly due to fears the recent Facebook data scandal will prompt governments to bring in new regulations on how Internet companies gather and use customer information. That could hurt the ability of the company’s Google division to sell targeted ads.
However, Google’s targeted-ad features restrict themselves to tracking a user’s search history, rather than the user’s personal data....
However, Google’s targeted-ad features restrict themselves to tracking a user’s search history, rather than the user’s personal data....
TEXAS ROADHOUSE $62.76 (Nasdaq symbol TXRH; TSINetwork Rating: Extra Risk) (502-426-9984; www.texasroadhouse.com; Shares o/s: 71.4 million; Market cap: $4.4 billion; Divd. yield: 1.6%) is a full-service, casual-dining restaurant chain with 549 locations spread across 49 U.S....