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
PLEASE NOTE: One week from today, on January 17, 2014, shortly after the stock market closes at 4:00 p.m. Toronto time, we will reveal our #1 Canadian Stock of 2014 to subscribers of The Successful Investor. You can be among the first to hear about our #1 pick for 2014. Because you’re a loyal subscriber, we are happy to offer you a bargain-priced, no-risk introduction to The Successful Investor. It gives you the first month—and the 2014 Stock of the Year—FREE. But you must act now. Click here. BELLATRIX EXPLORATION LTD., $8.37, symbol BXE on Toronto, has ended 2013 with record production of 38,000 barrels of oil equivalent a day (including natural gas). That’s a big improvement over its earlier forecast of 30,000 to 31,000. Several new wells about to enter production will boost that figure to 40,000 barrels a day. The company plans to spend $370 million on exploration and development this year. It aims to drill a total of 146 wells: 115 oil and 31 gas. It could end 2014 with production of over 47,000 barrels a day....
WELLS FARGO & CO., $45.34, New York symbol WFC, has agreed to settle a lawsuit related to troubled mortgages and other loans it sold to the Federal National Mortgage Association (Fannie Mae) before 2009. As a result, Wells Fargo will pay $541 million. That’s equal to 10% of the $5.6 billion, or $0.99 a share, that it earned in the three months ended September 30, 2013. The bank has already set aside enough funds to cover this settlement, so the payment will not impact its future earnings....
SHERRITT INTERNATIONAL CORP., $3.70, symbol S on Toronto, has announced that it plans to sell all of its coal interests. A group led by Altius Minerals (symbol ALS on Toronto) will buy Sherritt’s development-stage coal projects and mining royalties for cash of $481 million. In addition, Westmoreland Coal (symbol WLB on Nasdaq) will purchase Sherritt’s operating coal mines for cash of $312 million. Westmoreland will also assume $153 million of equipment lease obligations. These sales will let Sherritt focus on its nickel, cobalt and oil interests and pay down some of its $2.1-billion debt....
PLEASE NOTE: This is our last Hotline for 2013. Our next Hotline will go out on Friday, January 3, 2014. CONAGRA FOODS INC., $33.54, New York symbol CAG, plans to appeal a ruling by the Superior Court of California ordering it to pay into a fund to clean up homes contaminated with lead paint. Beatrice Company owned paint maker W.P. Fuller until 1967. ConAgra acquired Beatrice in 1991 and became liable for any outstanding lead-paint lawsuits against W.P. Fuller....
PLEASE NOTE: This is our last Hotline for 2013. Our next Hotline will go out on Friday, January 3, 2014. STANTEC INC., $66.94, symbol STN on Toronto, sells a range of consulting, project delivery, design and technology services. Its clients operate in a variety of industries, including transportation, construction and oil and gas. The company continues to grow through acquisitions. It has just agreed to pay an undisclosed sum for Virginia-based Williamsburg Environmental Group, which has over 115 employees in three offices....
3M’s products go into a huge number of consumer and industrial goods. That cuts the company’s reliance on any specific product or industry, but it also means its sales tend to rise at the same pace as the overall economy, or gross national product (GNP). Some investors see this as a drawback....
In 1994, I launched The Successful Investor with two goals in mind.
First, I wanted to create an investment advisory that would deliver profitable, easy-to-read investing advice at low cost. The advice had to be free of the conflicts of interest that taint other sources of advice....
First, I wanted to create an investment advisory that would deliver profitable, easy-to-read investing advice at low cost. The advice had to be free of the conflicts of interest that taint other sources of advice....
New technology has increased oil production from North American shale rock formations. Even so, oil prices have held up due to the improving global economy and lower output from conventional wells.
However, the outlook for oil remains uncertain. The lifting of economic sanctions against Iran would increase world oil supplies and hurt prices....
However, the outlook for oil remains uncertain. The lifting of economic sanctions against Iran would increase world oil supplies and hurt prices....
ARCHER DANIELS MIDLAND CO. $43 (New York symbol ADM; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 659.0 million; Market cap: $28.3 billion; Priceto- sales ratio: 0.3; Dividend yield: 2.2%; TSINetwork Rating: Above Average; www.adm.com) has been forced to drop its offer to buy the 80.2% of GrainCorp, a leading Australian grain-storage and shipping company, that it does not already own.
That’s because Australian foreign investment regulators have blocked a full takeover....
That’s because Australian foreign investment regulators have blocked a full takeover....
MTS SYSTEMS CORP. $68 (Nasdaq symbol MTSC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 15.4 million; Market cap: $1.0 billion; Price-to-sales ratio: 1.8; Dividend yield: 1.8%; TSINetwork Rating: Average; www.mts.com) makes equipment and software that manufacturers use to test the behaviour of materials, machines and structures....