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
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:
PAGERDUTY INC., $19.68, is a buy. The company (New York symbol PD; TSINetwork Rating: Extra Risk) (www.pagerduty.com; Shares outstanding: 95.6 million; Market cap: $1.9 billion; No dividends paid) operates a platform that collects real-time data from software systems and devices and then notifies its IT customers of any incident that could harm their operations.
The PagerDuty platform sits on top of a company’s technology systems, taking in data....
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:
PAGERDUTY INC., $19.68, is a buy. The company (New York symbol PD; TSINetwork Rating: Extra Risk) (www.pagerduty.com; Shares outstanding: 95.6 million; Market cap: $1.9 billion; No dividends paid) operates a platform that collects real-time data from software systems and devices and then notifies its IT customers of any incident that could harm their operations.
The PagerDuty platform sits on top of a company’s technology systems, taking in data....
Goodyear’s outlook is positive. This includes making significant investments in future tire technologies, including for EVs. Meantime, its involvement with activist Elliott Management draws attention to its prospects.
GOODYEAR TIRE & RUBBER, $8.68, is a buy. The manufacturer (Nasdaq symbol GT; TSINetwork Rating...
RESMED INC., $224.30, is a buy. The company (New York symbol RMD; TSINetwork Rating: Average) (www.resmed.com; Shares outstanding: 146.9 million; Market cap: $33.0 billion; Dividend yield: 1.0%) fell in June 2024 from around $215 to as low as $180.
The stock dropped after drugmaker Eli Lilly said that its weight-loss drug Zepbound sharply reduced the restriction, or blocking, of air flow in patients with obesity and obstructive sleep apnea (interrupted breathing during sleep).
In our June 28, 2024, hotline, we wrote that the threat was overblown, and, that all things considered, ResMed’s outlook remains positive....
The stock dropped after drugmaker Eli Lilly said that its weight-loss drug Zepbound sharply reduced the restriction, or blocking, of air flow in patients with obesity and obstructive sleep apnea (interrupted breathing during sleep).
In our June 28, 2024, hotline, we wrote that the threat was overblown, and, that all things considered, ResMed’s outlook remains positive....
Alimentation Couche-Tard has made some major acquisitions over the last decade or so—it just announced a couple more. Growth by acquisition adds risk. However, the company has a long record of successfully integrating those businesses. Meanwhile, it’s well-positioned to keep prospering in both its core and newly acquired markets....
Thanks to its improving prospects and solid dividend, we transferred Toromont to our flagship Successful Investor newsletter from our Stock Pickers Digest (now Power Growth Investor) newsletter in June 2018. Since then, the stock has gained an impressive 116%....
CAE INC. $24 is still a buy for long-term gains. The company (Toronto symbol CAE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 318.1 million; Market cap: $7.6 billion; Price-to-sales ratio: 1.7; Dividend suspended in March 2020; TSINetwork Rating: Average; www.cae.com) is a leading maker of flight simulators for commercial and military aircraft....
THOMSON REUTERS CORP. $227 is a buy. The company (Toronto symbol TRI; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 449.7 million; Market cap: $102.1 billion; Price-to-sales ratio: 10.5; Dividend yield: 1.3%; TSINetwork Rating: Above Average; www.thomsonreuters.com) recently sold its remaining stake in London Stock Exchange Group plc (Over-the-counter Pink Sheets symbol LDNXF) for $600 million (all amounts except share price and market cap in U.S....
Bombardier shares have gained over 450% since the company sold its passenger railcar operations in January 2021. Following the sale, it has focused on its business jets operations. Demand for these products remains strong, but higher costs for materials and labour could squeeze profit margins....
Loblaw’s shares have jumped 40% in the past year; they, in fact, hit a new all-time high of $171.99 on July 24, 2024.
The big gain is partly due to the 2018 transfer of the company’s real estate business to its parent company. That left it to focus on its main food and drugstore chains....
The big gain is partly due to the 2018 transfer of the company’s real estate business to its parent company. That left it to focus on its main food and drugstore chains....
SIX FLAGS ENTERTAINMENT CORP. $47 (www.sixflags.com) is a hold. The company took its current form on July 1, 2024, through the all-stock merger of rival amusement park operators Cedar Fair L.P. and Six Flags Entertainment. As the new firm does not pay a dividend, we’re moving it from our Income-Seeking Portfolio to the Aggressive Growth Portfolio. Six Flags Entertainment is a hold.
NCR ATLEOS CORP....
NCR ATLEOS CORP....