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
The coronavirus pandemic forced the cancellation of most vacation plans. However, the reopening of the economy has spurred strong demand for travel, and both Wyndham, and Travel + Leisure should benefit from that surge. We see each as a buy.
WYNDHAM HOTELS & RESORTS, $81.95, is a #1 Power Buy for 2024. The company (New York symbol WH; TSINetwork Rating: Extra Risk) (www.wyndhamhotels.com; Shares outstanding: 79.0 million; Market cap: $6.5 billion; Dividend yield: 1.9%) is the world’s largest hotel franchiser, with 885,000 rooms spread across 9,200 hotels, with 25 brands in 95 countries.
Wyndham’s revenue in the quarter ended June 30, 2024, rose 1.4%, to $367 million from $362 million a year earlier....
WYNDHAM HOTELS & RESORTS, $81.95, is a #1 Power Buy for 2024. The company (New York symbol WH; TSINetwork Rating: Extra Risk) (www.wyndhamhotels.com; Shares outstanding: 79.0 million; Market cap: $6.5 billion; Dividend yield: 1.9%) is the world’s largest hotel franchiser, with 885,000 rooms spread across 9,200 hotels, with 25 brands in 95 countries.
Wyndham’s revenue in the quarter ended June 30, 2024, rose 1.4%, to $367 million from $362 million a year earlier....
OpenAI’s demonstration of its Sora AI-based video generation tools has spurred fears among investors that Adobe could be disrupted by the new technology and so lag behind. But Adobe has just released Firefly Video Model as a new entry in the field, and it is targeted at safe, commercial use.
ADOBE INC., $502.54, is a #1 Power Buy for your 2024 investing. The company (Nasdaq symbol ADBE; TSINetwork Rating: Average) (www.adobe.com; Shares outstanding: 440.2 million; Market cap: $221.2 billion; No dividends paid) has now launched its Firefly Video Model....
Long-time readers know that we aim to keep you informed of important news about the stocks we cover. That means highlighting developments and plans that promise to bolster investor gains. Here are two buys that stand out this month:
ELECTRONIC ARTS, $145.04, is a buy. The company (Nasdaq symbol EA; TSINetwork Rating: Extra Risk) (www.ea.com; Shares outstanding: 264.2 million; Market cap: $38.3 billion; Dividend yield: 0.5%) recently outlined plans for two of the company’s most important games: “The Sims” and “Battlefield.”
The company’s long-running The Sims franchise began as a virtual city-building game 24 years ago....
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:
SONOS INC., $12.38, (Nasdaq symbol SONO; TSINetwork Rating: Extra Risk) (sonos.com; Shares o/s: 122.9 million; Market cap: $1.5 billion; No dividends paid) is one of the world’s biggest manufacturers of audio sound systems.
Sonos also produces its own software....
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:
BROADRIDGE FINANCIAL SOLUTIONS, $219.23, is a buy. The company (New York symbol BR; TSINetwork Rating: Average) (www.broadridge.com; Shares o/s: 116.9 million; Market cap: $25.6 billion; Yield: 1.6%) is now using AI to improve its software products....
CORTEVA INC., $58.95, is a buy. The company (www.corteva.com; New York symbol CTVA; TSINetwork Rating: Extra Risk) (Shares o/s: 692.2 million; Market cap: $40.8 billion; Dividend yield: 1.2%) will now collaborate with Pairwise, a technology company aiming to pioneer the application of gene editing in food and agriculture.
Gene editing uses a plant’s own DNA to make precise improvements, providing growers with another tool to keep pace with the challenges facing food production, including those presented by climate change....
Gene editing uses a plant’s own DNA to make precise improvements, providing growers with another tool to keep pace with the challenges facing food production, including those presented by climate change....
Stock buybacks reduce the total number of shares outstanding. That boosts earnings per share since profit is then divided among fewer shares. The higher per-share earnings make the stock more attractive to investors and help to increase share prices.
RESTAURANT BRANDS INTERNATIONAL, $72.12, is a buy. The company (New York symbol QSR; TSI Rating: Average) (www.rbi.com; Shares outstanding: 478.0 million; Market cap: $32.4 billion; Dividend yield: 3.2%) gives you exposure to the world’s third-largest fast-food operator....
RESTAURANT BRANDS INTERNATIONAL, $72.12, is a buy. The company (New York symbol QSR; TSI Rating: Average) (www.rbi.com; Shares outstanding: 478.0 million; Market cap: $32.4 billion; Dividend yield: 3.2%) gives you exposure to the world’s third-largest fast-food operator....
REGENERON PHARMACEUTICALS, $1,007.96, is a buy. The company (Nasdaq symbol REGN; TSINetwork Rating: Average) (www.regeneron.com; Shares outstanding: 108.4 million; Market cap: $111.1 billion; No dividends paid) avoids costly acquisitions to spur growth....
During the pandemic, Domino’s Pizza implemented savvy strategies to support its businesses—strategies that are still paying off. The stock took a dip in July 2024 on a slower growth forecast, but going forward, we think the stock is well-positioned to capitalize on its popular offerings to keep attracting customers. We recommend this stock as a Power Buy.
DOMINO’S PIZZA, $428.36 (New York symbol DPZ; TSINetwork Rating: Average) (www.dominos.com; Shares outstanding: 34.5 million; Market cap: $14.8 billion; Dividend yield: 1.4%), gives you exposure to the world’s largest chain of pizza stores offering takeout and delivery....
LOBLAW COMPANIES LTD. $177 is a buy. Canada’s largest food retailer (Toronto symbol L; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 306.0 million; Market cap: $54.2 billion; Price-to-sales ratio: 0.9; Dividend yield: 1.2%; TSINetwork Rating: Above Average; www.loblaw.ca) aims to tap into rising demand for lower-priced products with a new store format based on its popular “no name” private label brand.
The company has now opened two no name stores in Ontario....
The company has now opened two no name stores in Ontario....