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.
Read More
Close
Growth Stocks Library Archives
MONSANTO CO. $112 (New York symbol MON, Aggressive Growth Portfolio; Manufacturing & Industry sector; Shares outstanding: 524.2 million; Market cap: $58.7 billion; Price-to-sales ratio: 3.9; Dividend yield: 1.5%; TSINetwork Rating: Above Average; www.monsanto.com) sells technology-based agricultural products, such as genetically modified seeds, to farmers, grain processors and food producers....
MCKESSON CORP. $171 (www.mckesson.com) has expanded its distribution contract with drugstore chain Rite Aid Corp. (New York symbol RAD). Under this new five-year deal, McKesson will be the exclusive distributor of generic drugs to Rite Aid’s 4,600 stores in 31 U.S....
PLEASE NOTE: Our next Hotline will go out on Friday, April 25, 2014. GOOGLE INC. $543.34, Nasdaq symbol GOOGL, has paid an undisclosed sum for Titan Aerospace. Titan is a privately held company that’s developing unmanned aircraft, or drones, that run on solar power. That means they don’t need to refuel, so they can fly non-stop for up to five years....
PLEASE NOTE: Our next Hotline will go out on Friday, April 25, 2014. YAMANA GOLD INC., $8.76, symbol YRI on Toronto, is joining up with Agnico Eagle Mines (symbol AEM on Toronto) to counter the latest $3.6-billion takeover bid for Osisko Mining (symbol OSK) by Goldcorp (symbol G). Agnico Eagle and Yamana are offering a total of $3.9 billion, or $8.15 per Osisko share. Osisko shareholders will receive $2.09 in cash, 0.26471 of a Yamana share, 0.07264 of an Agnico Eagle share and one share of a new company, with a value of $1.20, which will hold Osisko’s current exploration properties, including its Guerrero project in Mexico; a royalty on production from Osisko’s Canadian Malartic mine; and cash of $155 million....
AIMIA INC. $17.56 (Toronto symbol AIM; TSINetwork Rating: Extra Risk) (514-205-7315; www.aimia.com; Shares outstanding: 173.0 million; Market cap: $3.0 billion; Dividend yield: 3.9%) owns and operates Aeroplan, Canada’s largest loyalty program, with over 4.6 million members who collect Aeroplan miles from participating companies....
CHESAPEAKE ENERGY $27.17 (New York symbol CHK; TSINetwork Rating: Extra Risk) (405-848-8000; www.chkenergy.com; Shares outstanding: 664.0 million; Market cap: $18.1 billion; Dividend yield: 1.3%) is preparing to spin off its oil-field services division into a separate, publicly traded company....
DEVON ENERGY CORP. $68.68 (New York symbol DVN; TSINetwork Rating: Speculative) (405-235-3611; www.dvn.com; Shares outstanding: 407.4 million; Market cap: $27.6 billion; Dividend yield: 1.4%) is one of the largest U.S.-based oil and natural gas explorers and producers....
BELLATRIX EXPLORATION $9.96 (Toronto symbol BXE; TSINetwork Rating: Speculative) (403-266-8670; www.bellatrixexploration.com; Shares outstanding: 171.0 million; Market cap: $1.7 billion; No dividends paid) has announced an expanded joint venture agreement with Grafton Energy Co. I Ltd. The deal should speed up the development of Bellatrix’s Cardium shale oil deposits in west-central Alberta. Under the new deal, Grafton increased the amount it is paying Bellatrix to $250 million from $200 million. In return, Grafton gets 54% of the production from a three-year, $244-million drilling program. It will get this share of the wells’ output until it earns back its $250 million, plus an 8% return on its original investment. It will then hold a 33% interest in each well....
INTACT FINANCIAL CORP. $69.42 (Toronto symbol IFC; TSINetwork Rating: Speculative) (416-341-1464; www.intactfc.com; Shares outstanding: 131.5 million; Market cap: $9.2 billion; Dividend yield: 2.8%) is Canada’s largest provider of property and casualty insurance, based on premiums. Its brands include Intact Insurance, Canada BrokerLink, belairdirect and Grey Power. In the three months ended December 31, 2013, Intact’s revenue rose slightly, to $1.70 billion from $1.69 billion a year earlier. The company earned $143 million, or $1.05 a share, down sharply from $194 million, or $1.42. However, the latest results include a pre-tax loss of $55 million related to December ice storms in Ontario and Quebec....
THE CHURCHILL CORP. $11.43 (Toronto symbol CUQ; TSINetwork Rating: Speculative) (780-454-3667; www.churchillcorporation.com; Shares outstanding: 24.9 million; Market cap: $284.4 million; Dividend yield: 4.2%) has added to its record backlog after two of its divisions won $250 million worth of contracts. The company’s Stuart Olson Dominion Construction subsidiary secured $135 million in new projects, including the Mount Royal University Library in Calgary. And its Commercial Systems segment added another $115 million of new deals. To put these contracts in perspective, Churchill’s total backlog stood at a record $2.12 billion at the end of December 2013, up 25.2% from $1.69 billion a year previous....