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
MCCOY GLOBAL $1.85 (Toronto symbol MCB; TSINetwork Rating: Speculative) (780-453-8451; www.mccoyglobal.com; Shares outstanding: 27.7 million; Market cap: $51.3 million; No dividends paid) sells power tongs and other hydraulic gear for oil and gas drilling rigs....
WAJAX CORP. $14.80 (Toronto symbol WJX; TSINetwork Rating: Extra Risk) (905-212-3300; www.wajax.ca; Shares outstanding:20.0 million; Market cap: $299.5 million; Dividend yield: 6.8%) sells and services cranes, forklifts and other heavy equipment. It also provides related parts, such as ball bearings, motors, hoses and fittings, and power systems, including diesel engines and transmissions.
The company’s customers are spread across the natural resources, construction, manufacturing and transportation industries.
In the three months ended March 31, 2016, Wajax’s clients in mining and oil and gas made fewer purchases....
The company’s customers are spread across the natural resources, construction, manufacturing and transportation industries.
In the three months ended March 31, 2016, Wajax’s clients in mining and oil and gas made fewer purchases....
BLACKBERRY LTD. $8.45 (www.blackberry.com) hopes to spur demand for its smartphones with two new models that run on Google’s Android software instead of its own operating system. The company uses a modified version of Android with additional security features....
TRANSCONTINENTAL INC. $18 (Toronto symbol TCL.A; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 78.1 million; Market cap: $1.4 billion; Price-to-sales ratio: 0.7; Dividend yield: 4.1%; TSINetwork Rating: Average; www.tctranscontinental.com) is Canada’s leading printer of flyers, magazines, newspapers and books....
SNC-LAVALIN GROUP INC. $55 (Toronto symbol SNC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 150.1 million; Market cap: $8.3 billion; Price-to-sales ratio: 0.9; Dividend yield: 1.9%; TSINetwork Rating: Average; www.snclavalin.com) is a leading Canadian engineering and construction company that specializes in large-scale public works projects such as roads, bridges, transit systems and watertreatment plants....
CGI GROUP INC. $55 (Toronto symbol GIB.A; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 302.8 million; Market cap: $16.7 billion; Price-to-sales ratio: 1.6; No dividends paid; TSINetwork Rating: Extra Risk; www.cgi.com) is Canada’s largest provider of computer-outsourcing services....
PLEASE NOTE: Due to the Canada Day holiday, our next Hotline will go out on Thursday, June 30, 2016.
ALIMENTATION COUCHE-TARD, $52.30, symbol ATD.B on Toronto, has agreed to buy the Premium 7 chain in Estonia for an undisclosed amount.
The purchase comprises 23 fuel stations—11 full-service, with convenience stores; and 12 self-service.
With the transaction, Couche-Tard’s network in Estonia will grow by 40% and will total 77 company-operated stores and fuel stations....
ALIMENTATION COUCHE-TARD, $52.30, symbol ATD.B on Toronto, has agreed to buy the Premium 7 chain in Estonia for an undisclosed amount.
The purchase comprises 23 fuel stations—11 full-service, with convenience stores; and 12 self-service.
With the transaction, Couche-Tard’s network in Estonia will grow by 40% and will total 77 company-operated stores and fuel stations....
PLEASE NOTE: Due to the Canada Day holiday, our next Hotline will go out on Thursday, June 30, 2016.
WAL-MART STORES INC., $71.96, New York symbol WMT, is the world’s largest retailer, with 11,500 stores in 28 countries.
The company has formed a new alliance with Chinese online retailer JD.com (Nasdaq symbol JD).
Under the terms of the deal, JD.com will acquire Yihaodian—Wal-Mart’s shopping website in China....
WAL-MART STORES INC., $71.96, New York symbol WMT, is the world’s largest retailer, with 11,500 stores in 28 countries.
The company has formed a new alliance with Chinese online retailer JD.com (Nasdaq symbol JD).
Under the terms of the deal, JD.com will acquire Yihaodian—Wal-Mart’s shopping website in China....
PLEASE NOTE: Due to the Canada Day holiday, our next Hotline will go out on Thursday, June 30, 2016.
BCE INC., $59.89, Toronto symbol BCE, is Canada’s largest provider of landline telephone service, with 6.6 million customers in Ontario, Quebec and the Atlantic provinces....
BCE INC., $59.89, Toronto symbol BCE, is Canada’s largest provider of landline telephone service, with 6.6 million customers in Ontario, Quebec and the Atlantic provinces....
BAXALTA INC. supports the value we place on spinoffs. The company makes vaccines and drugs. Until July 1, 2015, it was a subsidiary of Baxter International (New York symbol BAX). That’s when Baxter set it up as a separate firm. Investors received one Baxalta share for every Baxter share they held....