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.
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SONY GROUP CORP. ADRs $96 is a hold. The Japanese conglomerate (New York symbol SONY; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 1.3 billion; Market cap: $124.8 billion; Price-to-sales ratio: 1.3; Dividend yield: 0.6%; TSINetwork Rating: Average; www.sony.com) sold 2.4 million of PlayStation 5 video game consoles in its fiscal 2025 first quarter, ended June 30, 2024....
PAYPAL HOLDINGS INC. $77 is a buy, but only for highly aggressive investors. The company (Nasdaq symbol PYPL; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 1.05 billion; Market cap: $80.9 billion; Price-to-sales ratio: 2.7; No dividends paid; TSINetwork Rating: Above Average; www.paypal.com) processes online transactions on millions of websites, including purchases made on the sites of its former parent company eBay Inc....
MOTOROLA SOLUTIONS INC. $450 is a buy. The company (New York symbol MSI; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 166.8 million; Market cap: $75.1 billion; Price-to-sales ratio: 7.4; Dividend yield: 0.9%; TSINetwork Rating: Average; www.motorolasolutions.com) reported that revenue in the second quarter of 2024 rose 9.4%, to $2.63 billion from $2.40 billion a year earlier....
The impressive rise is partly due to pressure from an activist investor who prompted the company to adjust its spending on new chip plants....
DRAFTKINGS INC., $38.07, is a buy. The company (Nasdaq symbol DKNG; TSINetwork Rating: Extra Risk) (www.draftkings.com; Shares outstanding: 841.7 million; Market cap: $32.0 billion; No dividend) currently provides sports betting in several U.S....
South Korea’s increasing demand for business and leisure travel in South Korea comes amidst the government’s focus on furthering the tourism sector. In 2023, the country welcomed 11 million inbound visitors—showing a significant recovery post-pandemic.
WYNDHAM HOTELS & RESORTS, $78.84, 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: $6.2 billion; Dividend yield: 1.9%) has officially introduced its Trademark Collection brand to South Korea with the opening of La Vie D’or Hotel and Resort, Trademark Collection by Wyndham....
RESTAURANT BRANDS INTERNATIONAL, $69.25, is a buy. The company’s (New York symbol QSR; TSI Rating: Average) (www.rbi.com; Shares outstanding: 478.0 million; Market cap: $31.3 billion; Dividend yield: 3.4%) Burger King chain in the U.S....
MP MATERIALS, $14.12, is still a buy. The company (New York symbol MP; TSINetwork Rating: Extra Risk) (www.mpmaterials.com; Shares o/s: 165.3 million; Market cap: $2.3 billion; No divids.) has approval for a $300 million increase to its existing share repurchase program, bringing the total authorized amount to $600 million....
THE TJX COMPANIES, $117.25, (New York symbol TJX; TSINetwork Rating: Above Average) (tjx.com; Shares o/s: 1.1 billion; Market cap: $132.2 billion; Yield: 1.3%), is a leading off-price retailer of clothing, accessories and home fashions....
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:
ADOBE INC., $508.13, is a #1 Power Buy for your 2024 investing. The company (Nasdaq symbol ADBE; TSINetwork Rating: Average) (www.adobe.com; Shares outstanding: 452.5 million; Market cap: $225.3 billion; No dividends paid) has just announced that it will unveil a new generative AI-powered video creation and editing tool in a limited release later this year.
Called Adobe Firefly Video Model, the new tool will establish Adobe in the growing market for AI-based video generation tools, a space already targeted by OpenAI’s Sora, Stability AI’s Stable Video Diffusion, and other AI video apps from smaller startups....