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
These two juniors have done better that most recently by taking on partners to pay a big part of their drilling costs. That leaves them in a great position to rise even further when natural gas prices turn upward.
BELLATRIX EXPLORATION $6.97 (Toronto symbol BXE; TSINetwork Rating: Speculative) (403-266- 8670; www.bellatrixexploration.com; Shares outstanding: 107.9 million; Market cap: $756.5 million; No dividends paid) produces natural gas (70% of output) and oil (30%) in Alberta, B.C....
BELLATRIX EXPLORATION $6.97 (Toronto symbol BXE; TSINetwork Rating: Speculative) (403-266- 8670; www.bellatrixexploration.com; Shares outstanding: 107.9 million; Market cap: $756.5 million; No dividends paid) produces natural gas (70% of output) and oil (30%) in Alberta, B.C....
CALIAN TECHNOLOGIES $18.36 (Toronto symbol CTY; TSINetwork Rating: Speculative) (613-599-8600; www.calian.com; Shares outstanding: 7.5 million; Market cap: $138.4 million; Dividend yield: 6.1%) earned $0.43 a share in the three months ended June 30, 2013, down 4.4% from $0.45 a year ago....
ALARMFORCE $10.01 (Toronto symbol AF; TSINetwork Rating: Speculative) (1-800-267-2001; www.alarmforce.com; Shares outstanding: 12.2 million; Market cap: $122.7 million; Div. yield: 1.0%) has fired Joel Matlin, its long-time and high-profile president and CEO.
AlarmForce recently completed the strategic review of business opportunities that it launched in August 2012....
AlarmForce recently completed the strategic review of business opportunities that it launched in August 2012....
AIMIA INC. $15.80 (Toronto symbol AIM; TSINetwork Rating: Extra Risk) (514-205-7315; www.aimia.com; Shares outstanding: 172.5 million; Market cap: $2.7 billion; Dividend yield: 4.3%) has finalized its deal for TD Bank to become the primary credit card issuer for Aeroplan, Aimia’s main loyalty program.
TD and Aimia are also negotiating a new agreement with Canadian Imperial Bank of Commerce, which has been Aimia’s banking partner in the Aeroplan program for the past 22 years.
This agreement would let CIBC sell around half of its existing Aeroplan accounts to TD....
TD and Aimia are also negotiating a new agreement with Canadian Imperial Bank of Commerce, which has been Aimia’s banking partner in the Aeroplan program for the past 22 years.
This agreement would let CIBC sell around half of its existing Aeroplan accounts to TD....
SHERRITT INTERNATIONAL $3.70 (Toronto symbol S; TSINetwork Rating: Speculative) (1-800-704- 6698; www.sherritt.com; Shares outstanding: 296.9 million; Market cap: $1.1 billion; Dividend yield: 4.7%) is a diversified natural resource company that produces nickel, cobalt, thermal coal, oil and gas....
AIMIA INC., $15.77, symbol AIM on Toronto, has finalized its deal for TD Bank to become the primary credit card issuer for Aeroplan, Aimia’s main loyalty program. TD is a recommendation of The Successful Investor, our newsletter that focuses on conservative Canadian investing. Aeroplan is Canada’s largest loyalty program, with over 4.6 million members who collect Aeroplan miles from participating companies. Members can exchange their miles for flights, car rentals, hotel rooms and merchandise. Under this new 10-year deal, which would begin January 1, 2014, TD will launch new credit cards under the Aeroplan Visa banner, including cards for frequent flyers and small businesses....
APPLE INC., $502.33, Nasdaq symbol AAPL, rose 9% this week after activist investor Carl Icahn announced that he had purchased an undisclosed stake in the company. Icahn, who has a long history of pushing companies to make changes that increase shareholder value, wants Apple to buy back more of its shares. Under its current plan, the company expects to spend $60 billion on share repurchases by the end of 2015. That’s equal to 13% of its $456.3-billion market cap. If Apple agrees to buy back more shares, it will probably borrow the cash it needs to do so. That’s because it holds most of its cash and investments of $146.6 billion, or $161.40 a share, in offshore accounts, and bringing them back to the U.S. would trigger a large tax bill. Apple’s long-term debt is just $17.0 billion, so it has plenty of room to borrow more funds....
SONY CORP. ADRs, $20.15, New York symbol SNE, fell 7% this week after the company rejected a plan from Dan Loeb, an activist investor who owns about 7% of Sony’s shares. Loeb wants Sony to sell 15% to 20% of its entertainment division through an initial public offering. This business, which makes movies, television programs and music recordings, accounts for about 16% of Sony’s revenue. However, the company feels that owning entertainment content gives it an edge over other electronics makers. Moreover, Sony is making more movies and TV shows in partnership with other studios, which should cut the entertainment business’s costs and improve its profits....
BELLATRIX EXPLORATION, $7.16, symbol BXE on Toronto, continues to enter into joint ventures to speed up the development of its Cardium shale oil deposits in west-central Alberta. Under the latest agreement, Bellatrix will sell a 50% interest in its producing wells in the Ferrier and Willesden Green area to Daewoo International Corporation and Devonian Natural Resources Private Equity Fund for $52.5 million. These wells produce 268 barrels of oil equivalent per day. To put that in context, Bellatrix’s output averaged 22,102 barrels per day in the latest quarter. Following the sale, Daewoo and Devonian will invest $100 million in a multi-year program to drill 70 new wells on the Ferrier and Willesden Green properties. Bellatrix will match that spending, and the joint-venture partners will share in any new production....
SYMANTEC CORP., $26.52, Nasdaq symbol SYMC, sells computer-security technology, including anti-virus and email-filtering software, to businesses and consumers. The stock jumped 8% this week after the company reported record quarterly revenue and earnings. In its fiscal 2014 first quarter, which ended June 28, 2013, Symantec’s revenue rose 2.5%, to $1.71 billion from $1.67 billion a year earlier. That beat the consensus estimate of $1.64 billion. The company is doing a good job of selling its products as ongoing subscriptions instead of one-time purchases. Subscriptions now account for 45% of Symantec’s revenue, up from 44% a year ago....