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
CHIPOTLE MEXICAN GRILL, $2,722.69, is a buy. The company (New York symbol CMG; TSINetwork Rating: Extra Risk) (Shares outstanding: 27.4 million; Market cap: $74.6 billion; No divid.) is now rolling out new benefits aimed to appeal to its Gen-Z labour pool, which accounts for more than 73% of its restaurant employees....
During the pandemic, both Domino’s Pizza and Texas Roadhouse implemented savvy strategies to support their businesses. Now, going forward, we think each is well-positioned to capitalize on its popular offerings to keep attracting customers. Each stock also remains a buy.
DOMINO’S PIZZA, $450.97 (New York symbol DPZ; TSINetwork Rating: Average) (www.dominos.com; Shares o/s: 34.8 million; Market cap: $15.8 billion; Yield: 1.3%), gives you exposure to the world’s largest chain of pizza stores offering takeout and delivery....
DOMINO’S PIZZA, $450.97 (New York symbol DPZ; TSINetwork Rating: Average) (www.dominos.com; Shares o/s: 34.8 million; Market cap: $15.8 billion; Yield: 1.3%), gives you exposure to the world’s largest chain of pizza stores offering takeout and delivery....
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:
BRILLIANT EARTH, $2.56, (Nasdaq symbol BRLT; TSI Rating: Extra Risk) (Shares o/s: 97.1 million; Market cap: $263.0 million; No dividends paid) is a direct-to-consumer retailer that claims to provide customers with what it calls the best in ethically sourced diamonds and other jewellery.
Brilliant Earth operates in a highly competitive jewellery market, although its niche does set it apart....
MP MATERIALS, $14.05, is still a buy. The company (New York symbol MP; TSINetwork Rating: Extra Risk) (www.mpmaterials.com; Shares o/s: 178.1 million; Market cap: $2.6 billion; No divids.) saw its revenue fall 55.8% in the quarter ended December 31, 2023, to $41.2 million from $93.2 million a year earlier....
Corteva shares offer investors a number of pluses: Not only is the company at the forefront of key agricultural trends, the stock is a spinoff. Over the years, we’ve found that spinoffs are about as close as you can get to a sure thing in investing. It’s one key reason why we think Corteva has further gains ahead for investors....
DraftKings keeps making the right moves to remain the dominant player in the expanding U.S. sports-betting market. It is now adding another U.S. state to its online sportsbook markets.
DRAFTKINGS INC., $42.24, is a buy. The company (Nasdaq symbol DKNG; TSINetwork Rating: Extra Risk) (Shares outstanding: 841.7 million; Market cap: $36.7 billion; No dividend) currently provides sports betting in several U.S....
DRAFTKINGS INC., $42.24, is a buy. The company (Nasdaq symbol DKNG; TSINetwork Rating: Extra Risk) (Shares outstanding: 841.7 million; Market cap: $36.7 billion; No dividend) currently provides sports betting in several U.S....
ABBVIE INC., $179.86, is a buy. The company (New York symbol ABBV; TSINetwork Rating: Above Average) (www.abbvie.com; Shares outstanding: 1.8 billion; Market cap: $319.6 billion; Dividend yield: 3.5%) continues to hit new, all-time highs—and the stock is now up 84.1% since we first recommended it in our August 2020 issue at $97.70.
Abbott Labs spun off AbbVie in 2013....
Abbott Labs spun off AbbVie in 2013....
Broadridge profits from its recurring fee-based revenue from long-term client contracts and its leading position in proxy and other investor communication services. Its dominance in providing a wide range of back-office services, plus its high-quality clientele, also helps cut its risk....
NUTRIEN LTD. $71 is a buy. The company (Toronto symbol NTR; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 494.5 million; Market cap: $35.1 billion; Price-to-sales ratio: 0.9; Dividend yield: 4.1%; TSINetwork Rating: Average; www.nutrien.com) is the world’s largest producer of potash, nitrogen (made from natural gas) and phosphate fertilizers....
SNC-LAVALIN GROUP INC. $56 is still a hold. The engineering company (Toronto symbol ATRL; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 175.6 million; Market cap: $9.8 billion; Price-to-sales ratio: 1.1; Dividend yield: 0.1%; TSINetwork Rating: Average; www.atkinsrealis.com) is now operating as AtkinsRéalis....