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.
Read More
Close
Growth Stocks Library Archives
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:
CANADIAN SOLAR INC., $23.21, (Toronto symbol AD.UN; TSI Rating: Extra Risk) (Shares o/s: 64.6 million; Market cap: $1.4 billion; No dividends paid) is one of the world’s largest manufacturers of solar energy and battery storage solutions.
In the quarter ended September 30, 2023, revenue fell 4.5%, to $1.85 billion from $1.93 billion a year earlier....
CANADIAN SOLAR INC., $23.21, (Toronto symbol AD.UN; TSI Rating: Extra Risk) (Shares o/s: 64.6 million; Market cap: $1.4 billion; No dividends paid) is one of the world’s largest manufacturers of solar energy and battery storage solutions.
In the quarter ended September 30, 2023, revenue fell 4.5%, to $1.85 billion from $1.93 billion a year earlier....
With the outbreak of COVID-19, shares of Chipotle and Restaurant Brands dropped alongside the market. But the two fast-food giants used smart strategies to support their businesses during the pandemic. Both are trading at all-time highs for our subscribers—and we think they still have further gains ahead....
PAGERDUTY INC., $24.54, is a buy. The company (New York symbol PD; TSINetwork Rating: Extra Risk) (www.pagerduty.com; Shares outstanding: 91.9 million; Market cap: $2.2 billion; No dividends paid) jumped recently on a report that the software maker is evaluating its options amid takeover interest from private equity firms....
We think the healthcare industry will enjoy great success over the next decade. But due to the nature of the business, results will vary widely and unpredictably from one company to another. A volatile market like the one we expect for healthcare stocks will include winners and losers....
ADT INC., $6.78, is a buy. The company (New York symbol ADT; TSINetwork Rating: Extra Risk) (adt.com; Shares outstanding: 867.1 million; Market cap: $6.1 billion; Dividend yield: 3.2%) is a leading provider of monitored security products and services to customers in the U.S.
In December 2021, the company acquired Sunpro Solar for $825 million....
In December 2021, the company acquired Sunpro Solar for $825 million....
Shares of Fair Isaac have risen 84.8% for our subscribers over the last year—and a whopping 9,413.5% since we first recommended the stock in our February 1999 issue at $13.60 a share (split adjusted)! That said, we think the shares have room to move much higher.
The company plays a key role for lenders making mortgage underwriting decisions....
The company plays a key role for lenders making mortgage underwriting decisions....
FIRSTSERVICE CORP. $221 is a buy for aggressive investors. The company (Toronto symbol FSV; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 44.6 million; Market cap: $9.9 billion; Price-to-sales ratio: 1.7; Dividend yield: 0.6%; TSINetwork Rating: Extra Risk; www.firstservice.com) has two main businesses: FirstService Brands (54% of revenue) offers a wide variety of property management services through several franchised businesses, including Paul Davis Restoration and CertaPro Painters; and FirstService Residential (46%) provides property management services such as collecting monthly condominium fees and maintenance services.
In 2023, FirstService spent $547.2 million on acquisitions of smaller firms (all amounts except share price and market cap in U.S....
In 2023, FirstService spent $547.2 million on acquisitions of smaller firms (all amounts except share price and market cap in U.S....
CP Rail and Metro are leading competitors in their respective markets. You can expect that to lower your risk if the economy should weaken. We see both stocks as buys.
CANADIAN PACIFIC RAILWAY $108.19, is a buy. The company (Toronto symbol CP; shares o/s: 931.8 million; Market cap: $99.1 billion; Rating: Above Average; Dividend yield: 0.7%) ships freight over a 32,190-kilometre rail network....
RESTAURANT BRANDS INTERNATIONAL INC. $76 (www.rbi.com) is a buy. The company is now buying Carrols Restaurant Group (Nasdaq symbol TAST), Burger King’s largest U.S....
The shares of aerospace equipment maker RTX dropped to $69 in October 2023 after the company issued a recall of some defective jet engines. Despite that setback, the shares have rebounded on improving demand for RTX’s commercial and military products. Cost savings also let the company return more cash to its shareholders.
RTX CORP....
RTX CORP....