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
TOROMONT INDUSTRIES LTD. $23.63 (Toronto symbol TIH; TSINetwork Rating: Extra Risk) (416-667- 5511; www.toromont.com; Shares outstanding: 76.4 million; Market cap: $1.8 billion; Dividend yield: 2.2%) distributes a broad range of industrial equipment, including machinery made by Caterpillar Inc....
HECLA MINING COMPANY $4.21 (New York symbol HL; TSINetwork Rating: Extra Risk) (208-769-4100; www.hecla-mining.com; Shares outstanding: 285.2 million; Market cap: $1.3 billion) is now purchasing Canadian mining company Aurizon Mines Ltd. (Toronto symbol AZK) for $796 million....
STANTEC INC. $43.25 (Toronto symbol STN; TSINetwork Rating: Extra Risk) (780-917-7288; www.stantec.com; Shares outstanding: 46.0 million; Market cap: $2.0 billion; Dividend yield: 1.5%) sells a range of consulting, project delivery, design and technology services....
WYNDHAM WORLDWIDE $62.70 (New York symbol WYN; TSINetwork Rating: Extra Risk) (973-753-6000; www.wyndhamworldwide.com; Shares outstanding: 136.6 million; Market cap: $8.5 billion; Dividend yield: 1.9%) reports that its revenue rose 9.4% in the three months ended December 31, 2012, to $1.09 billion from $1.0 billion a year earlier....
AASTRA TECHNOLOGIES $19.79 (Toronto symbol AAH; TSINetwork Rating: Speculative) (905- 760-4200; www.aastra.com; Shares outstanding: 11.8 million; Market cap: $234.6 million; Dividend yield: 4.1%) reported revenue of $175.2 million in the three months ended December 31, 2012....
INTACT FINANCIAL CORP. $64.30 (Toronto symbol IFC; TSINetwork Rating: Speculative) (416-341-1464; www.intactfc.com; Shares outstanding: 129.6 million; Market cap: $8.6 billion; Dividend yield: 2.7%) is Canada’s largest provider of property and casualty insurance, based on premiums.
In the three months ended December 31, 2012, Intact’s revenue rose 7.2%, to $1.69 billion from $1.58 billion a year earlier.
Before one-time items, Intact earned $1.51 a share in the quarter, up 32.5% from $1.14 a share a year earlier....
In the three months ended December 31, 2012, Intact’s revenue rose 7.2%, to $1.69 billion from $1.58 billion a year earlier.
Before one-time items, Intact earned $1.51 a share in the quarter, up 32.5% from $1.14 a share a year earlier....
CHEMTRADE LOGISTICS INCOME FUND $17.15 (Toronto symbol CHE.UN; TSINetwork Rating: Speculative) (416-496-5856; www.chemtradelogistics- .com; Units outstanding: 41.7 million; Market cap: $710.0 million; Dividend yield: 7.1%) is one of North America’s largest providers of removal services for resource firms, such as oil refineries and base-metal processors....
CONAGRA FOODS INC., $34.77, New York symbol CAG, has agreed to merge its flour-milling operations into a new joint venture. Under the terms of the deal, ConAgra, privately held Cargill Inc. and CHS Inc. (Nasdaq symbol CHSCP) will combine their North American mills into a new business called Ardent Mills. ConAgra and Cargill will each own 44% of Ardent Mills. CHS will own the remaining 12%. In total, Ardent Mills will own 44 flour mills and four bakeries. It will sell its products to various food makers....
DOREL INDUSTRIES, $39.80, symbol DII.B on Toronto, moved up over 8% this week after it reported improved results in the latest quarter. The company makes a wide range of products, including ready-to-assemble home and office furniture; juvenile products, such as car seats, strollers, high chairs, toddler beds and cribs; and recreational products, mainly bicycles. In the three months ended December 30, 2012, Dorel’s sales rose 10.9%, to $622.6 million from $561.6 million a year earlier (all figures except share price and market cap in U.S. dollars)....
J.C. PENNEY CO. INC., $17.69, New York symbol JCP, fell 21% this week after it reported lower-than-expected sales and earnings. The company operates more than 1,100 department stores in the U.S. and Puerto Rico. Over a year ago, Penney 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....