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
Agilent and Keysight are great examples of how spinoffs can deliver big returns for growth investors. In the 10 years since Agilent spun off Keysight (shareholders received one Keysight share for every two shares they held), the stock is up 220%, while Keysight has soared 420%....
INTERNATIONAL FLAVORS & FRAGRANCES INC. $104 is a buy. The maker of compounds that improve the taste of food and the smell of consumer products (New York symbol IFF; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 255.7 million; Market cap: $26.6 billion; Price-to-sales ratio: 2.4; Dividend yield: 1.5%; TSINetwork Rating: Above Average; www.iff.com) continues to sell less-important assets to pay down its long-term debt; that debt totalled $8.60 billion as of June 30, 2024, which is equal to 32% of the company’s market cap.
Under that plan, IFF recently sold its Cosmetic Ingredients business for $841 million....
Under that plan, IFF recently sold its Cosmetic Ingredients business for $841 million....
SIX FLAGS ENTERTAINMENT CORP. $39 is a hold. The company (New York symbol SIX; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 100.3 million; Market cap: $3.9 billion; Price-to-sales ratio: 1.1; No dividend paid; TSINetwork Rating: Average; www.sixflags.com) took its current form on July 1, 2024 when Cedar Fair L.P....
These three technology stocks continue to hit new highs due to investor enthusiasm for artificial intelligence and its ability to help businesses improve their efficiency and profits. We like the outlook for all three, but see just two as buys right now.
NVIDIA CORP....
DANAHER CORP. $256 remains a buy for aggressive investors. The company (New York symbol DHR; Aggressive Growth Portfolio; Manufacturing sector; Shares outstanding 722.2 million; Market cap: $184.9 billion; Price-to-sales ratio: 8.2; Dividend yield: 0.4%; TSINetwork Rating: Above Average; www.danaher.com) makes precision-testing equipment and tools for medical research labs and municipal water utilities.
In December 2023, the company acquired U.K.-based Abcam plc (Nasdaq symbol ABCM) for $5.7 billion....
In December 2023, the company acquired U.K.-based Abcam plc (Nasdaq symbol ABCM) for $5.7 billion....
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....