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
J.C. PENNEY CO. INC., $13.50, New York symbol JCP, operates more than 1,100 department stores in the U.S. and Puerto Rico. Over a year ago, the company switched to an everyday low prices strategy. It felt the move would entice shoppers to come into its stores more often and not wait for clearance sales. However, the plan alienated Penney’s regular customers. In response to a sharp drop in its sales, the company switched back to its original marketing strategy....
DOREL INDUSTRIES, $35.45, symbol DII.B on Toronto, has agreed to buy 70% of Caloi, Brazil’s largest bicycle company, for an undisclosed sum. Established in 1898, Caloi is one of the world’s oldest bicycle makers. It is also Latin America’s top-selling bicycle brand and the leader in the Brazilian market. Caloi has a plant in Brazilian city of Manaus that is the largest bicycle manufacturing facility outside Southeast Asia, producing more than 700,000 units a year....
TIM HORTONS $58.56 (Toronto symbol THI; TSINetwork Rating: Average) (905-845-6511; www.timhortons.com; Shares outstanding: 153.1 million; Market cap: $8.8 billion; Dividend yield: 1.8%) operates 3,468 coffee-anddonut shops in Canada, 807 in the U.S. and 29 in the Persian Gulf.
In the three months ended June 30, 2013, Tim Hortons’ sales rose 1.9%, to $800.1 million from $785.6 million a year earlier....
In the three months ended June 30, 2013, Tim Hortons’ sales rose 1.9%, to $800.1 million from $785.6 million a year earlier....
LEON’S FURNITURE LTD. $13.30 (Toronto symbol LNF; TSINetwork Rating: Average) (416-243- 7880; www.leons.ca; Shares outstanding: 70.6 million; Market cap: $930.0 million; Dividend yield: 3.0%) reports that its sales jumped to $480.6 million in the three months ended June 30, 2013, from $162.1 million a year earlier....
MCCOY CORP. $6.25 (Toronto symbol MCB; TSINetwork Rating: Speculative) (780-453-8451; www.mccoyglobal.com; Shares outstanding: 26.8 million; Market cap: $167.6 million; Dividend yield: 3.2%) operates through two divisions: Mobile Solutions and Energy Products and Services.
Energy Products and Services sells hydraulic equipment, including power tongs, for drilling rigs....
Energy Products and Services sells hydraulic equipment, including power tongs, for drilling rigs....
THE CHURCHILL CORP. $9.11 (Toronto symbol CUQ; TSINetwork Rating: Speculative) (780-454-3667; www.churchillcorporation.com; Shares outstanding: 24.6 million; Market cap: $224.1 million; Dividend yield: 5.3%) has reported earnings of just $485,000, or $0.02 a share, in the three months ended June 30, 2013....
BROADRIDGE FINANCIAL SOLUTIONS $30.69 (New York symbol BR; TSINetwork Rating: Extra Risk) (201-714-3000; www.broadridge.com; Shares outstanding: 121.2 million; Market cap: $3.7 billion; Dividend yield: 2.7%) serves the investment industry in three main areas: investor communications, securities processing and transaction clearing....
CARFINCO FINANCIAL GROUP $9.45 (Toronto symbol CFN; TSINetwork Rating: Speculative) (1-888-486-4356; www.carfinco.com; Shares outstanding: 26.4 million; Market cap: $250.2 million; Dividend yield: 5.1%) provides car loans to consumers who don’t meet the criteria of traditional lenders, like banks.
In the three months ended June 30, 2013, Carfinco’s revenue rose 10.6%, to $19.5 million from $17.7 million a year earlier....
In the three months ended June 30, 2013, Carfinco’s revenue rose 10.6%, to $19.5 million from $17.7 million a year earlier....
DOMINO’S PIZZA $61.50 (New York symbol DPZ; TSINetwork Rating: Average) (734-930-3030; www.dominos.com; Shares outstanding: 55.7 million; Market cap: $3.5 billion; Dividend yield: 1.3%) is the world’s largest chain of pizza stores that offer takeout and delivery....
WESTJET AIRLINES $21.66 (Toronto symbol WJA; TSINetwork Rating: Extra Risk) (1- 877-493-7853; www.westjet.com; Shares outstanding: 118.4 million; Market cap: $2.8 billion; Dividend yield: 1.9%) reports that its earnings rose 5.2% in the three months ended June 30, 2013, to a record $44.7 million from $42.5 million a year earlier.
Earnings per share rose 9.7%, to $0.34 from $0.31, on fewer shares outstanding....
Earnings per share rose 9.7%, to $0.34 from $0.31, on fewer shares outstanding....