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
During the pandemic, both Domino’s Pizza and Texas Roadhouse implemented savvy strategies to support their businesses. Now, going forward, we think each is well-positioned to capitalize on its popular offerings to keep attracting customers. Each stock also remains a buy.
DOMINO’S PIZZA, $461.67, (New York symbol DPZ; TSINetwork Rating: Average) (www.dominos.com; Shares o/s: 34.3 million; Market cap: $15.8 billion; Yield: 1.5%), gives you exposure to the world’s largest chain of pizza stores offering takeout and delivery....
DOMINO’S PIZZA, $461.67, (New York symbol DPZ; TSINetwork Rating: Average) (www.dominos.com; Shares o/s: 34.3 million; Market cap: $15.8 billion; Yield: 1.5%), gives you exposure to the world’s largest chain of pizza stores offering takeout and delivery....
You should remain wary of stocks that attract broker/media attention because of high-profile products or services, and their business models. Here’s a closer look at one stock with risks that prospective investors should take into consideration:
WARBY PARKER, $19.00, (New York symbol WRBY; TSI Rating: Extra Risk) (Shares outstanding: 103.6 million; Market cap: $2.3 billion; No divds.) is a prescription eyewear seller founded in 2010 to disrupt the traditional eyewear industry with an online-only operation....
WARBY PARKER, $19.00, (New York symbol WRBY; TSI Rating: Extra Risk) (Shares outstanding: 103.6 million; Market cap: $2.3 billion; No divds.) is a prescription eyewear seller founded in 2010 to disrupt the traditional eyewear industry with an online-only operation....
Artificial intelligence (AI) is an example of an investment idea that could boost your investment returns, or, more likely, end up costing you money. All in all, we think that the biggest, surest gains from AI will come from investing in established businesses that are already profitable and growing, and that can gain all the more by applying AI to their operations.
Here are two companies that are already profitably taking advantage of AI, and they should be among the leaders in the push to extend AI’s use:
WYNDHAM HOTELS & RESORTS, $91.18, is a buy. The company (New York symbol WH; TSINetwork Rating: Extra Risk) (www.wyndhamhotels.com; Shares outstanding: 77.7 million; Market cap: $7.1 billion; Dividend yield: 1.8%) launched Wyndham Connect last year....
Here are two companies that are already profitably taking advantage of AI, and they should be among the leaders in the push to extend AI’s use:
WYNDHAM HOTELS & RESORTS, $91.18, is a buy. The company (New York symbol WH; TSINetwork Rating: Extra Risk) (www.wyndhamhotels.com; Shares outstanding: 77.7 million; Market cap: $7.1 billion; Dividend yield: 1.8%) launched Wyndham Connect last year....
THERMO FISHER SCIENTIFIC INC., $518.41, is a buy. The company (New York symbol TMO; TSINetwork Rating: Average) (www.thermofisher.com; Shares o/s: 377.3 million; Market cap: $195.6 billion; Yield: 4.1%) is now buying Solventum’s purification and filtration business for $4.1 billion in cash.
Solventum (symbol SOLV on New York) is a healthcare company that was spun off by 3M (symbol MMM on New York) on April 1, 2024....
Solventum (symbol SOLV on New York) is a healthcare company that was spun off by 3M (symbol MMM on New York) on April 1, 2024....
BROADRIDGE FINANCIAL SOLUTIONS, $235.37, is a buy. The company (New York symbol BR; TSINetwork Rating: Average) (www.broadridge.com; Shares o/s: 117.0 million; Market cap: $27.5 billion; Yield: 1.5%) is extending its strategic global agreement with Upvest, a leading provider of investment infrastructure in Europe....
ADT keeps signing up security customers at the same time it retains more and more of its existing ones. The company’s expanded services help drive that growth. We think the stock is an attractive buy; better still, it’s a Power Buy!
ADT INC., $7.92, is a buy. The company (New York symbol ADT; TSINetwork Rating: Extra Risk) (adt.com; Shares outstanding: 821.8 million; Market cap: $6.9 billion; Dividend yield: 2.8%) is a leading provider of monitored security products and services to residential and small business customers in the U.S.
ADT also offers certain Google products, including Internet-connected thermostats, smoke alarms and locks, to its customers....
ADT INC., $7.92, is a buy. The company (New York symbol ADT; TSINetwork Rating: Extra Risk) (adt.com; Shares outstanding: 821.8 million; Market cap: $6.9 billion; Dividend yield: 2.8%) is a leading provider of monitored security products and services to residential and small business customers in the U.S.
ADT also offers certain Google products, including Internet-connected thermostats, smoke alarms and locks, to its customers....
SAPUTO INC. $25 is still a hold. The company (Toronto symbol SAP; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 422.6 million; Market cap: $10.6 billion; Price-to-sales ratio: 0.6; Dividend yield: 3.0%; TSINetwork Rating: Average; www.saputo.com) is Canada’s largest producer of dairy products....
Retaliatory tariffs by Canada would push up the prices of U.S.-made products. However, they would likely have little impact on these two supermarket operators, as consumers would probably switch to Canadian-made products, including their popular private-label brands.
LOBLAW COMPANIES LTD....
RESTAURANT BRANDS INTERNATIONAL INC. $96 is a buy for aggressive investors. The fast-food operator (Toronto symbol QSR, Aggressive Growth Portfolio, Consumer sector; Shares o/s: 452.0 million; Market cap: $43.4 billion; Price-to-sales ratio: 3.7; Dividend yield: 3.7%; TSINetwork Rating: Average; www.rbi.com) has 31,525 fast-food outlets in over 100 countries....
Loblaw and Imperial Oil are leading competitors in their respective markets; look for that to cut your ongoing risk. We see both as attractive buys.
LOBLAW COMPANIES, $187.43, is a buy. The retailer (Toronto symbol L; Shares outstanding: 301.0 million; Market cap: $56.4 billion; TSINetwork Rating: Above Average; Dividend yield: 1.1%; www.loblaw.ca) operates 1,131 supermarkets under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills....
LOBLAW COMPANIES, $187.43, is a buy. The retailer (Toronto symbol L; Shares outstanding: 301.0 million; Market cap: $56.4 billion; TSINetwork Rating: Above Average; Dividend yield: 1.1%; www.loblaw.ca) operates 1,131 supermarkets under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills....