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.
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Growth Stocks Library Archives
LOBLAW COMPANIES LTD. $59 is a buy. The supermarket operator (Toronto symbol L; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 1.2 billion; Market cap: $70.8 billion; Price-to-sales ratio: 1.1; Dividend yield: 1.0%; TSINetwork Rating: Above Average; www.loblaw.ca) recently opened three smaller stores in Ontario based on its popular “no name” private label brand. These outlets are much smaller than its regular stores and carry a limited selection of frozen and canned goods, and packaged bakery items. However, the stores
FirstService and Colliers tend to fuel their growth with acquisitions. However, that strategy is not as risky as it seems given both companies target smaller firms that expand their market share and geographic reach. What’s more, they seek prospective purchases with a high recurring revenue; that only enhances their long-term appeal.
MAPLE LEAF FOODS INC. $24 is a hold. The company (Toronto symbol MFI; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 123.9 million; Market cap: $3.0 billion; Price-to-sales ratio: 0.6; Dividend yield: 3.2%; TSINetwork Rating: Average; www.mapleleaffoods.com) sells fresh and prepared meats under the Maple Leaf and Schneider labels. It also makes plant-based protein products under the Lightlife and Field Roast brands.
Here are three industrial stocks hitting new highs. Those gains are largely due to the Canadian government’s plan to increase spending on infrastructure projects, which will spur demand for Finning and Toromont’s construction equipment. The government is also eliminating the luxury tax on private jets, which should lead to more orders for Bombardier.
Even after their impressive rise, we still see two of the three as buys. However, we recommend investors cap their exposure to the cyclical Manufacturing sector at a third or less of their portfolio.
Even after their impressive rise, we still see two of the three as buys. However, we recommend investors cap their exposure to the cyclical Manufacturing sector at a third or less of their portfolio.
LOBLAW COMPANIES, $57.73, (Toronto symbol L; Shares ooutstanding: 1.2 billion; Market cap: $65.3 billion; TSINetwork Rating: Above Average; Dividend yield: 1.0%; www.loblaw.ca) is a buy. The company, through its Loblaw Advance marketing unit, operates roughly 2,000 screens at more than 700 locations. Those screens display ads and other promotions.
Genuine Parts gets its auto parts from hundreds of suppliers, which helps its avoid new U.S. tariffs. The company should also benefit as tariffs raise the price of new cars, prompting drivers to repair and upgrade their current vehicles. What’s more, a new cost-cutting plan should improve profitability and give Genuine room to raise your dividend.
GENUINE PARTS CO. $129 is a buy. The company (New York symbol GPC; Income Portfolio, Manufacturing & Industry sector; Shares outstanding: 139.1 million; Market cap: $17.9 billion; Price-to-sales ratio: 0.8; Dividend yield: 3.2%; TSINetwork Rating: Average; www.genpt.com) sells replacement auto parts through 9,825 company-owned and independent retail stores in North America, Europe, Australia and New Zealand. Most of them operate under the famous NAPA banner. This business accounts for about two-thirds of Genuine’s total sales. The remaining third comes from distributing industrial parts such as bearings, seals, pumps and hoses.
GENUINE PARTS CO. $129 is a buy. The company (New York symbol GPC; Income Portfolio, Manufacturing & Industry sector; Shares outstanding: 139.1 million; Market cap: $17.9 billion; Price-to-sales ratio: 0.8; Dividend yield: 3.2%; TSINetwork Rating: Average; www.genpt.com) sells replacement auto parts through 9,825 company-owned and independent retail stores in North America, Europe, Australia and New Zealand. Most of them operate under the famous NAPA banner. This business accounts for about two-thirds of Genuine’s total sales. The remaining third comes from distributing industrial parts such as bearings, seals, pumps and hoses.
CANON INC. ADRs $29 remains a hold. The Japanese conglomerate (Over-the-counter Pink Sheets market symbol CAJPY; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 878.6 million; Market cap: $25.5 billion; Price-to-sales ratio: 0.9; Dividend yield: 3.7%; TSINetwork Rating: Above Average; www.canon.com) is a leading maker of printers, copiers and other office equipment. Its other products include digital cameras and parts for TVs and medical gear.
MCKESSON CORP. $808 is a buy. The wholesale drug distributor (New York symbol MCK; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 124.4 million; Market cap: $100.5 billion; Price-to-sales ratio: 0.3; Dividend yield: 0.4%; TSINetwork Rating: Above Average; www.mckesson.com) hit a record high of $813 in October 2025. That’s partly due to its plan to spin off its medical-surgical business as a publicly traded company. This business distributes surgical supplies, such as gloves, needles and laboratory equipment, to over 340,000 hospitals, doctors’ offices and clinics in the U.S. It accounts for 3% of the company’s total revenue and 19% of earnings.
U.S. government funding cuts to research labs and trade tensions with China have weighed on these two stocks over several months. However, both are doing a good job adapting, which improves their long-term prospects.
AGILENT TECHNOLOGIES INC. $143 is a buy. The company (New York symbol A; Aggressive Growth Portfolio, Manufacturing sector; Shares outstanding: 283.5 million; Market cap: $40.5 billion; Price-to-sales ratio: 5.8; Dividend yield: 0.7%; TSINetwork Rating: Average; www.agilent.com) makes specialized testing equipment for medical research laboratories and industrial clients.
AGILENT TECHNOLOGIES INC. $143 is a buy. The company (New York symbol A; Aggressive Growth Portfolio, Manufacturing sector; Shares outstanding: 283.5 million; Market cap: $40.5 billion; Price-to-sales ratio: 5.8; Dividend yield: 0.7%; TSINetwork Rating: Average; www.agilent.com) makes specialized testing equipment for medical research laboratories and industrial clients.
YUM! BRANDS INC. $139 is a buy. The fast-food giant (New York symbol YUM; Aggressive Growth Portfolio, Consumer Sector; Shares outstanding: 277.5 million; Market cap: $38.6 billion; Price-to-sales ratio: 5.4; Dividend yield: 2.0%; TSINetwork Rating: Average; www.yum.com) operates 61,000 restaurants in over 155 countries. Its main banners are KFC (fried chicken), Pizza Hut, and Taco Bell (Mexican food).