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
COLLIERS INTERNATIONAL GROUP INC. $210 is a buy for aggressive investors. This company (Toronto symbol CIGI; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 50.4 million; Market cap: $10.6 billion; Price-to-sales ratio: 1.6; Dividend yield: 0.2%; TSINetwork Rating: Extra Risk; www.colliers.com) offers a range of services, including helping clients buy and sell commercial real estate, arranging financing, and assessing properties for tax purposes.
Colliers tends to use acquisitions to enhance its market share and spur its long-term growth....
CAE INC. $33 is a buy. The company (Toronto symbol CAE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 318.6 million; Market cap: $10.5 billion; Price-to-sales ratio: 2.4; Dividend suspended in March 2020; TSINetwork Rating: Average; www.cae.com) is a leading maker of flight simulators for commercial and military aircraft....
Maple Leaf Foods’ investors stand to gain from its plan to spin off of its fresh pork operations. The company’s new processing facilities should also cut its operating costs. However, the stock will probably make little progress, particularly as it faces a major lawsuit.
MAPLE LEAF FOODS INC....
MAPLE LEAF FOODS INC....
TELUS INTERNATIONAL (CDA) INC. $5.68 remains a buy, but only for aggressive investors. The company (Toronto symbol TIXT; Aggressive Growth Portfolio; Manufacturing sector; Shares outstanding: 275.0 million; Market cap: $1.6 billion; Price-to-sales ratio: 0.5; No dividend paid; TSINetwork Rating: Average; www.telusinternational.com) now operates as Telus Digital Experience....
A key element of a successful portfolio is a diversity of holdings, including conservative and, for many investors, aggressive stocks. Still, as a general rule, we recommend limiting aggressive investments to no more than 20% of your overall holdings.
You can further cut your risk by sticking with high-quality aggressive stocks such as the three we analyze below....
You can further cut your risk by sticking with high-quality aggressive stocks such as the three we analyze below....
Finning supplies Caterpillar heavy equipment and support services to resources companies, so its revenues tend to move up and down with commodity prices.
To offset that cyclical risk, the company typically signs long-term support contracts when it sells new equipment, which gives its predictable revenue streams....
Metro Inc. and insurer CPKC are leading competitors in their respective markets; look for that to cut your ongoing risk. We see both as attractive buys.
METRO INC., $92.78, is a buy. The company (Toronto symbol MRU; Shares o/s: 222.2 million; Market cap: $20.5 billion; TSINetwork Rating: Average; Dividend yield: 1.4%; www.metro.ca) operates 992 grocery stores and 640 drugstores, in Quebec, Ontario and New Brunswick.
In the quarter, ended September 28, 2024, overall sales fell 2.6%, to $4.94 billion from $5.07 billion a year earlier....
GE VERNOVA INC. $335 is a hold. The company (New York symbol GEV; Conservative Growth Portfolio, Manufacturing sector; Shares outstanding: 275.7 million; Market cap: $92.4 billion; Price-to-sales ratio: 2.7; No dividend paid; TSINetwork Rating: Average; www.gevernova.com) makes turbines and related equipment for gas-fired and nuclear power plants, plus equipment for wind farms.
On April 2, 2024, investors in the old General Electric Co....
On April 2, 2024, investors in the old General Electric Co....
You Can See Our WSSF Income-Seeking Portfolio For December 2024 Here.
This month, we are updating our WSSF Portfolio for Income-Seeking Investors.
This portfolio is a good starting point for investors who need income....
3M COMPANY $132 (www.3m.com) is a buy. On April 1, 2024, 3M spun off its Health Care business as an independent firm called Solventum Corp. (New York symbol SOLV). Shareholders received one share of Solventum for every four 3M shares they held....