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
ADOBE INC., $485.25, is a #1 Power Buy for your 2024 investing. The company (Nasdaq symbol ADBE; TSINetwork Rating: Average) (www.adobe.com; Shares outstanding: 448.0 million; Market cap: $217.4 billion; No dividends paid) is now buying videos from its network of photographers and artists to build its artificial intelligence (AI) text-to-video generator....
Swiss pharmaceutical giant Novartis spun off Alcon in 2019. As we’ve said many times before, spinoffs are the closest thing you can find to a sure thing, regardless of the market’s rise and fall.
The stock is already up over 42% since we first recommended it in March 2020 at $63.26—and has just hit a new all-time high—but we think it can go much higher....
The stock is already up over 42% since we first recommended it in March 2020 at $63.26—and has just hit a new all-time high—but we think it can go much higher....
CGI’s shares hit a record high of $160.40 on March 21, 2024, but have dropped recently on fears that businesses may cut spending on technology services as they cope with higher operating costs and interest rates. However, that may be a false economy, as CGI helps themts improve their efficiency....
COLLIERS INTERNATIONAL GROUP INC. $151 is a buy for aggressive investors. This company (Toronto symbol CIGI; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 48.7 million; Market cap: $7.4 billion; Price-to-sales ratio: 1.2; Dividend yield: 0.3%; 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 uses acquisitions to enhance its market share and spur its long-term growth....
Politicians and consumer activists continue to accuse Canada’s big grocery chains of price gouging in the wake of the pandemic lockdowns. However, their profit margins are comparable to pre-pandemic levels.
LOBLAW COMPANIES LTD. $157 is a buy. Canada’s largest food retailer (Toronto symbol L; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 308.2 million; Market cap: $48.4 billion; Price-to-sales ratio: 0.8; Dividend yield: 1.3%; TSINetwork Rating: Above Average; www.loblaw.ca) continues to benefit from higher selling prices, which helps it offset rising costs for food, fuel and other inputs....
Medical device maker Baxter will soon spin off its kidney care business as a separate firm. That should help unlock some of its value, in part because the stock market finds it easier to value “pure-play” firms that focus on a single business. Longer-term, the new Baxter should also benefit from an aging population and the shift to tele-medicine.
BAXTER INTERNATIONAL INC....
BAXTER INTERNATIONAL INC....
NEWELL BRANDS INC. $7.04 remains a hold. The company (Nasdaq symbol NWL; Aggressive Growth and Income Portfolios, Consumer sector; Shares outstanding: 414.3 million; Market cap: $2.9 billion; Price-to-sales ratio: 0.4; Dividend yield: 4.0%; TSINetwork Rating: Average; www.newellbrands.com) makes a wide range of consumer and household products such as PaperMate pens, Elmer’s glue, Rubbermaid food containers, Graco baby strollers, Coleman camping gear and Oster kitchen appliances.
Under a new restructuring plan, Newell is shifting its focus to its most-profitable 25 brands and top 10 countries, which represent about 90% of sales....
FAIR ISAAC CORP. $1,193 remains a buy for highly aggressive investors. The company (New York symbol FICO; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 24.9 million; Market cap: $29.7 billion; Price-to-sales ratio: 19.4; Dividend suspended June 2017; TSINetwork Rating: Average; www.fico.com) spends a high 11% on developing new products.
Thanks to those investments, the company recently launched its FICO Score 10 T scoring model....
ADOBE INC. $477 remains a buy for aggressive investors. The software maker (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 448.0 million; Market cap: $213.7 billion; Price-to-sales ratio: 10.9; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) is now buying videos to build its artificial intelligence (AI) text-to-video generator; the aim is to catch up to competitors after OpenAI demonstrated a similar technology....
YUM CHINA HOLDINGS INC. $39 is a buy for aggressive investors. The company (New York symbol YUMC; Consumer Sector; Shares outstanding: 391.0 million; Market cap: $15.2 billion; Price-to-sales ratio: 1.5; Dividend yield: 1.6%; TSINetwork Rating: Average; www.yumchina.com) is China’s largest fast-food operator with over 14,000 outlets, mainly under the KFC and Pizza Hut banners.
The stock is down 9% since the start of 2024 due to China’s slowing economic growth, particularly in larger cities with rising housing costs....