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
MAJOR DRILLING $8.42 (Toronto symbol MDI; TSINetwork Rating: Speculative) (1-866-264-3986; www.majordrilling.com; Shares outstanding: 79.2 million; Market cap: $666.7 million; Dividend yield: 2.4%) has agreed to buy privately held Taurus Drilling Services for $27.7 million, plus a further $11.5 million tied to performance.
Taurus, which operates in Canada, the U.S....
Taurus, which operates in Canada, the U.S....
BIRCHCLIFF ENERGY $11.92 (Toronto symbol BIR; TSINetwork Rating: Speculative) (403-261-6401; www.birchcliffenergy.com; Shares outstanding: 145.9 million; Market cap: $1.7 billion; No dividends paid) develops, produces and explores for oil and gas, mainly in the Peace River Arch area near the Alberta/B.C....
NISSAN MOTOR (ADR) $19.56 (Nasdaq symbol NSANY; TSINetwork Rating: Above Average) (310-771-3111; www.nissan-global.com; Shares outstanding: 2.3 billion; Market cap: $44.2 billion; No dividends paid) is Japan’s second-largest automaker, after Toyota.
In its fiscal 2015 first quarter, which ended June 30, 2014, the company earned 112.1 billion yen ($1.1 billion U.S., or $0.49 per ADR), up 36.7% from 82.0 billion yen ($804.4 million U.S., or $0.36) a year earlier.
Revenue rose 10.8%, to 2.47 trillion yen ($24.1 billion U.S.) from 2.23 trillion yen ($21.8 billion)....
In its fiscal 2015 first quarter, which ended June 30, 2014, the company earned 112.1 billion yen ($1.1 billion U.S., or $0.49 per ADR), up 36.7% from 82.0 billion yen ($804.4 million U.S., or $0.36) a year earlier.
Revenue rose 10.8%, to 2.47 trillion yen ($24.1 billion U.S.) from 2.23 trillion yen ($21.8 billion)....
SYMANTEC CORP. $24.28 (Nasdaq symbol SYMC; TSINetwork Rating: Average) (408-517-8000; www.symantec.com; Shares outstanding: 692.7 million; Market cap: $16.7 billion; Dividend yield: 2.5%) sells computer-security technology, including anti-virus and email-filtering software, to businesses and consumers....
BROADRIDGE FINANCIAL SOLUTIONS $42.03 (New York symbol BR; TSINetwork Rating: Extra Risk) (201-714-3000; www.broadridge.com; Shares outstanding: 120.7 million; Market cap: $4.9 billion; Dividend yield: 2.6%) earned $144.6 million in its fiscal 2014 fourth quarter, which ended June 30, 2014....
GOODYEAR TIRE & RUBBER CO. $25.46 (Nasdaq symbol GT; TSINetwork Rating: Extra Risk) (330-796-2122; www.goodyear.com; Shares outstanding: 275.3 million; Market cap: $7.1 billion; Dividend yield: 0.9%) is the world’s largest tire maker, with 52 plants in 22 countries.
In the quarter ended June 30, 2014, Goodyear’s revenue fell 4.9%, to $4.66 billion from $4.89 billion a year earlier....
In the quarter ended June 30, 2014, Goodyear’s revenue fell 4.9%, to $4.66 billion from $4.89 billion a year earlier....
IMPERIAL METALS $9.07 (Toronto symbol III; TSINetwork Rating: Speculative) (604-669-8959; www.imperialmetals.com; Shares outstanding: 74.9 million; Market cap: $715.9 million; No dividends paid) is down almost 42% since a dam broke at a tailings pond at its Mount Polley mine in B.C....
ATLANTIC TELE-NETWORK $58.24 (Nasdaq symbol ATNI; TSINetwork Rating: Speculative) (340-777-8000; www.atni.com; Shares outstanding: 15.9 million; Market cap: $929.5 million; Yield: 1.8%) closed the sale of its Alltel wireless business to AT&T (symbol T on New York) late last year. As a result, it now holds cash of $407.6 million, or $24.64 a share, and has paid off its $271.1 million of debt. The company bought Alltel from Verizon Wireless for just $223 million in April 2010. Atlantic now has wireless and wireline telecom operations in the U.S. Southwest, New England, New York State, Guyana, Bermuda and parts of the Caribbean islands....
WAL-MART STORES INC., $73.90, New York symbol WMT, continues to face strong competition in the U.S. from other discount retailers, particularly dollar stores. However, sales and earnings continue to rise at its overseas outlets. In the second quarter of its 2015 fiscal year, which ended July 31, 2014, Wal-Mart’s earnings fell 3.4%, to $3.9 billion from $4.1 billion a year earlier. Per-share earnings declined 1.6%, to $1.21 from $1.23, on fewer shares outstanding. That matched the consensus estimate. Revenue rose 2.8%, to $120.1 billion from $116.8 billion, beating the consensus forecast of $119.0 billion. If you disregard unfavourable currency rates, Wal-Mart’s sales would have risen 3.4%....
MITEL NETWORKS, $10.80, symbol MNW on Toronto, has reported its second quarter of results that include Aastra Technologies, a Stock Pickers Digest recommendation Mitel acquired in a friendly takeover on January 31, 2014. Aastra shareholders received cash and Mitel shares. During the quarter, Mitel’s revenue rose 96.9%, to $288.7 million from $146.6 million a year ago (all figures except share price in U.S. dollars). Most of the increase came from Aastra. Excluding one-time items, earnings jumped 124.2%, to $22.2 million from $9.9 million. However, earnings per share rose just 16.7%, to $0.21 from $0.18, as the company issued new shares to pay for Aastra. Aastra develops and markets products and systems for accessing communication networks, including the Internet. Its technology is centred on business telephone systems and includes products that integrate land lines and mobile phones....