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
JONES GROUP INC. $16 (New York symbol JNY; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 80.1 million; Market cap: $1.3 billion; Price-to-sales ratio: 0.3; Dividend yield: 1.3%; TSINetwork Rating: Average; www.jonesgroupinc.com) designs clothing, accessories and footwear for men and women....
THE BOEING CO. $107 (New York symbol BA; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 758.7 million; Market cap: $81.1 billion; Price-to-sales ratio: 1.0; Dividend yield: 1.8%; TSINetwork Rating: Above Average; www.boeing.com) is a leading maker of passenger jets.
The company launched its latest plane, the 787 Dreamliner, in 2011....
The company launched its latest plane, the 787 Dreamliner, in 2011....
STATE STREET CORP. $70 (www.statestreet.com) sells accounting, custodial and administrative services to large institutional investors, such as mutual funds and pension plans. The company earned $1.24 a share in the second quarter of 2013, up 22.8% from $1.01 a year earlier....
INTERNATIONAL BUSINESS MACHINES CORP., $193.54, New York symbol IBM, reported lower second-quarter earnings this week, although they still beat the consensus forecast. The company also raised its earnings estimate for all of 2013. In the three months ended June 30, 2013, the company earned $3.2 billion, down 16.9% from $3.9 billion a year earlier. IBM spent $3.6 billion on share buybacks in the latest quarter. Due to fewer shares outstanding, earnings per share fell at a slower pace of 12.9%, to $2.91 from $3.34. If you exclude unusual items, such as costs to integrate recently purchased companies, IBM’s per-share earnings would have risen 8%, to $3.91. That easily beat the consensus forecast of $3.77....
AASTRA TECHNOLOGIES, $23.65, symbol AAH on Toronto, jumped this week after the company reported improved sales and earnings in the latest quarter—and announced a $7.20-a-share special dividend. The company develops and markets products and systems for accessing communication networks, including the Internet. Its technology is centred around business telephone systems and includes products that integrate land lines and mobile phones. In the three months ended June 30, 2013, Aastra’s sales rose 2.5%, to $150.8 million from $147.1 million a year earlier, as the company’s key markets in Germany and France showed significant improvement. Earnings per share jumped to $0.21 from $0.13....
AIMIA INC. $15.12 (Toronto symbol AIM; TSINetwork Rating: Extra Risk) (514-205-7315; www.aimia.com; Shares outstanding: 172.5 million; Market cap: $2.6 billion; Dividend yield: 4.5%) owns and operates Aeroplan, Canada’s largest loyalty program, with over 4.6 million members....
CHESAPEAKE ENERGY $21.75 (New York symbol CHK; TSINetwork Rating: Extra Risk) (405-848- 8000; www.chkenergy.com; Shares outstanding: 666.5 million; Market cap: $14.5 billion; Dividend yield: 1.6%) is the second-largest natural gas producer in the U.S.
Chesapeake continues to sell assets to meet its debt-reduction targets—it’s now selling properties in the Eagle Ford and Haynesville shale formations to Exco Resources for $1 billion.
With this deal, Chesapeake has now sold $3.6 billion of properties this year....
Chesapeake continues to sell assets to meet its debt-reduction targets—it’s now selling properties in the Eagle Ford and Haynesville shale formations to Exco Resources for $1 billion.
With this deal, Chesapeake has now sold $3.6 billion of properties this year....
YAMANA GOLD $10.43 (Toronto symbol YRI; TSINetwork Rating: Speculative) (416-815-0220; www.- yamana.com; Shares outstanding: 752.4 million; Market cap: $8.1 billion; Dividend yield: 2.5%) owns eight operating gold mines in Mexico, Brazil, Chile and Argentina....
REITMANS (CANADA) LTD. $8.99 (Toronto symbol RET.A; TSINetwork Rating: Extra Risk) (514-384-1140; www.reitmans.com; Shares outstanding: 64.6 million; Market cap: $560.8 million; Dividend yield: 8.9%) has reached an agreement with Sears Canada to sell its Penningtons clothing in Sears’ stores.
The Penningtons chain sells plus-sized clothing, starting at size 14, that aims to be both fashionable and affordable....
The Penningtons chain sells plus-sized clothing, starting at size 14, that aims to be both fashionable and affordable....
STANTEC INC. $46.56 (Toronto symbol STN; TSINetwork Rating: Extra Risk) (780-917-7288; www.stantec.com; Shares outstanding: 46.2 million; Market cap: $2.1 billion; Dividend yield: 1.4%) sells a range of consulting, project delivery, design and technology services....