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
TENNANT CO. $91 is a hold. The maker of industrial floor and street-cleaning equipment (New York symbol TNC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 18.7 million; Market cap: $1.7 billion; Price-to-sales ratio: 1.4; Dividend yield: 1.2%; TSINetwork Rating: Average; www.tennantco.com) reported 15.9% higher sales in the third quarter of 2023, to $304.7 million from $262.9 million a year earlier....
In April 2020, RTX Corp. (formerly Raytheon Technologies Corp.) (New York symbol RTX) spun off Carrier and Otis as separate companies. So far, Carrier has soared over 290%, while Otis has gained an impressive 95%. We feel their recent acquisitions set them up for even more gains.
CARRIER GLOBAL CORP....
CARRIER GLOBAL CORP....
KYNDRYL HOLDINGS INC. $20 is a hold. The company (New York symbol KD; Conservative Growth Portfolio; Manufacturing sector; Shares o/s: 229.5 million; Market cap: $4.6 billion; No dividends paid; P-to-S ratio: 0.3; TSINetwork Rating: Extra Risk; www.kyndryl.com) took its current form in November 2021 when IBM spun off its legacy business of helping corporate and government clients manage their datacentres....
FEDEX CORP. $246 is still a buy. The company (New York symbol FDX; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 249.9 million; Market cap: $61.5 billion; Price-to-sales ratio: 0.8; Dividend yield: 2.0%; TSINetwork Rating: Average; www.fedex.com) delivers packages and documents in the U.S....
This month, we’re adding Danaher to our Aggressive Growth Portfolio. This maker of specialized measuring equipment and tools is a long-time recommendation of our TSI Spinoffs and Takeovers newsletter, which focuses on spinoffs and their former parent companies.
Danaher has completed three spinoffs since July 2016....
Danaher has completed three spinoffs since July 2016....
DraftKings and Warner Music soared during the pandemic but have now given up some of those gains. We still like their competitive prospects in their niche markets, and each stock is especially attractive for new buying right now.
DRAFTKINGS INC., $37.43, is a buy. The company (Nasdaq symbol DKNG; TSINetwork Rating: Extra Risk) (www.draftkings.com; Shares outstanding: 841.7 million; Market cap: $32.2 billion; No dividend) currently provides sports betting in several U.S....
DRAFTKINGS INC., $37.43, is a buy. The company (Nasdaq symbol DKNG; TSINetwork Rating: Extra Risk) (www.draftkings.com; Shares outstanding: 841.7 million; Market cap: $32.2 billion; No dividend) currently provides sports betting in several U.S....
Russel Metals was hurt by the decline in economic activity due to the pandemic. But the stock has recovered—and in fact, is now hitting new all-time highs. Meanwhile, it offers a high, sustainable yield.
RUSSEL METALS, $43.06, is a buy. The company (Toronto symbol RUS; TSINetwork Rating: Extra Risk) (www.russelmetals.comwww.russelmetals.com; Shares o/s: 60.8 million; Market cap: $2.6 billion; Dividend yield: 3.7%) has just agreed to acquire seven service-centre locations from Samuel, Son & Co....
RESTAURANT BRANDS INTERNATIONAL, $74.49, is a buy. The company (New York symbol QSR; TSI Rating: Average) (www.rbi.com; Shares outstanding: 478.0 million; Market cap: $33.3 billion; Dividend yield: 3.0%) will now see its Popeyes chain add chicken wings permanently as a menu item....
GOODYEAR TIRE & RUBBER, $14.53, is a buy. The manufacturer (Nasdaq symbol GT; TSINetwork Rating: Extra Risk) (Shares outstanding: 283.5 million; Market cap: $4.1 billion; No dividends paid) is now exploring strategic alternatives for some of its operating units to streamline its product portfolio—as part of its agreement with activist investor Elliott Management.
Goodyear’s goal is to raise more than $2 billion in proceeds....
Goodyear’s goal is to raise more than $2 billion in proceeds....
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. Moreover, trends now underway—as well as Alcon’s strong position in its key markets—will drive future gains for this Power Buy.
ALCON, $75.04, is a buy. The firm (New York symbol ALC; TSINetwork Rating: Extra Risk) (www.alcon.com; Shares outstanding: 499.7 million; Market cap: $37.1 billion; Dividend yield 0.3%) is the world’s biggest eye-care company....