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
CANADIAN PACIFIC KANSAS CITY LTD. $113 is a buy. The railway (Toronto symbol CP; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 900.8 million; Market cap: $101.8 billion; Price-to-sales ratio: 6.7; Dividend yield: 0.8%; TSINetwork Rating: Above Average; www.cpkcr.com) continues to replace its older diesel-powered locomotives with new fuel-efficient Tier 4 models. In 2025, it spend $400 million for 100 of these new locomotives. That has helped it cope with the sharp jump in fuel prices due to the Iran war.
The company is also exploring other ways to cut its fuel costs. Those include retrofitting diesel locomotives with hydrogen fuel cells and batteries. It has now placed seven of these locomotives into service.
The company is also exploring other ways to cut its fuel costs. Those include retrofitting diesel locomotives with hydrogen fuel cells and batteries. It has now placed seven of these locomotives into service.
Loblaw and Metro continue to expand their discount banners as consumers seek ways to reduce grocery costs. At the same time, they are investing in warehouse automation and robotics to control labour costs. Together, these strategies are poised to drive their earnings higher—and lift their share prices.
LOBLAW COMPANIES LTD. $65 is a buy. The company (Toronto symbol L; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 1.2 billion; Market cap: $78.0 billion; Price-to-sales ratio: 1.2; Dividend yield: 0.9%; TSINetwork Rating: Above Average; www.loblaw.ca) is Canada’s largest supermarket operator with 1,128 stores under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills. It also operates 1,376 associate-owned Shoppers Drug Mart locations.
LOBLAW COMPANIES LTD. $65 is a buy. The company (Toronto symbol L; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 1.2 billion; Market cap: $78.0 billion; Price-to-sales ratio: 1.2; Dividend yield: 0.9%; TSINetwork Rating: Above Average; www.loblaw.ca) is Canada’s largest supermarket operator with 1,128 stores under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills. It also operates 1,376 associate-owned Shoppers Drug Mart locations.
Loblaw has begun a five-year plan to invest $10 billion in its operations by 2030. Its new stores should lift earnings as well as its stock price. At the same time, the plan will also help power shares of majority-owner George Weston.
LOBLAW COMPANIES, $63.42, is a buy. The retailer (Toronto symbol L; Shares o/s: 1.2 billion; Market cap: $74.3 billion; TSINetwork Rating: Above Average; Yield: 0.9%; www.loblaw.ca) operates 1,128 supermarkets (including 562 operated by franchisees) under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills. It also operates 1,376 Shoppers Drug Mart stores across Canada.
LOBLAW COMPANIES, $63.42, is a buy. The retailer (Toronto symbol L; Shares o/s: 1.2 billion; Market cap: $74.3 billion; TSINetwork Rating: Above Average; Yield: 0.9%; www.loblaw.ca) operates 1,128 supermarkets (including 562 operated by franchisees) under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills. It also operates 1,376 Shoppers Drug Mart stores across Canada.
CANON INC. ADRs $28 (www.canon.com) is a hold. The Japanese conglomerate is a leading maker of printers, copiers and other office equipment. Its other products include digital cameras and parts for TVs and medical gear. While the outlook for its specialty imaging products remains strong, sales of digital cameras continue to suffer as consumers use their smartphones to take pictures. Consumers now also store photos on cloud platforms instead of printing them. Even so, the dividend, which yields 3.8%, looks safe.
FAIR ISAAC CORP. $1,043 remains a buy for highly aggressive investors. The company (New York symbol FICO; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 23.7 million; Market cap: $24.7 billion; Price-to-sales ratio: 13.3; Dividend suspended June 2017; TSINetwork Rating: Average; www.fico.com) is best known for its FICO Scores software. It lets lenders make better decisions about customer creditworthiness.
A great way to diversify your Finance sector holdings is with non-banking firms such as T. Rowe Price and Broadridge. Both are leaders in their niche markets, which cuts their risk. Each stock is down in the last year, but we believe their long-term value remains unchanged. They also have long histories of raising their dividends.
T. ROWE PRICE GROUP INC. $90 is a buy. The company (Nasdaq symbol TROW; Aggressive Growth and Income Portfolios, Finance sector; Shares outstanding: 222.6 million; Market cap: $20.0 billion; Price-to-sales ratio: 2.6; Dividend yield: 5.8%; TSINetwork Rating: Average; www.troweprice.com) is a leading seller of mutual funds and wealth management services.
T. ROWE PRICE GROUP INC. $90 is a buy. The company (Nasdaq symbol TROW; Aggressive Growth and Income Portfolios, Finance sector; Shares outstanding: 222.6 million; Market cap: $20.0 billion; Price-to-sales ratio: 2.6; Dividend yield: 5.8%; TSINetwork Rating: Average; www.troweprice.com) is a leading seller of mutual funds and wealth management services.
RTX CORP. $195 is a buy. The company (New York symbol RTX; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 1.3 billion; Market cap: $253.5 billion; Price-to-sales ratio: 3.0; Dividend yield: 1.4%; TSINetwork Rating: Above Average; www.rtx.com) has three divisions: Pratt & Whitney makes jet engines; Collins Aerospace makes aircraft control systems; and Raytheon makes a variety of military equipment such as missile defence and radar systems.
MONDELEZ INTERNATIONAL INC. $57 is still a buy for long-term gains. The company (Nasdaq symbol MDLZ; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 1.3 billion; Market cap: $74.1 billion; Price-to-sales ratio: 1.9; Dividend yield: 3.5%; TSINetwork Rating: Above Average; www.mondelezinternational.com) makes snack foods such as cookies and chocolate bars.
We believe most U.S. stocks—especially those with significant global operations—already provide ample international diversification for investors.
That said, we still recommend a select number of non-U.S. companies that trade as American Depositary Receipts (ADRs) on U.S. exchanges. ADRs make international investing straightforward: you can buy them just like any domestic stock, without navigating foreign currencies, overseas market rules, or language barriers. In addition, dividends are typically converted into U.S. dollars by the depositary bank or broker before being paid to you.
That said, we still recommend a select number of non-U.S. companies that trade as American Depositary Receipts (ADRs) on U.S. exchanges. ADRs make international investing straightforward: you can buy them just like any domestic stock, without navigating foreign currencies, overseas market rules, or language barriers. In addition, dividends are typically converted into U.S. dollars by the depositary bank or broker before being paid to you.
MICROSOFT CORP. $371 remains a buy for aggressive investors. The world’s largest software maker (Nasdaq symbol MSFT; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 7.4 billion; Market cap: $2.7 trillion; Price-to-sales ratio: 9.3; Dividend yield: 1.0%; TSINetwork Rating: Above Average; www.microsoft.com) has extended its deal with 27%-owned Open AI, the developer of the popular ChatGPT chatbot.