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
CAE recently agreed to sell its healthcare business, which makes medical-simulators and mannequins for training health professionals. That will let it better focus on its main flight simulator and pilot-training operations, particularly as the global air travel industry will need 1.3 million new pilots, aircraft maintenance technicians and cabin crew over the next 10 years....
THOMSON REUTERS CORP. $178 is a buy. The company (Toronto symbol TRI; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 455.3 million; Market cap: $81.0 billion; Price-to-sales ratio: 8.7; Dividend yield: 1.5%; TSINetwork Rating: Above Average; www.thomsonreuters.com) continues to wind down its indirect stake in financial information provider Refinitiv....
SHAWCOR LTD. $15 remains a buy for aggressive investors. The company (Toronto symbol MATR; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 70.5 million; Market cap: $1.1 billion; Price-to-sales ratio: 0.7; Dividend suspended in March 2020; TSINetwork Rating: Average; www.mattr.com) is now selling most of its pipeline coating business to Tenaris S.A....
IDEXX LABORATORIES INC. $413 (www.idexx.com) is still a hold. The company makes equipment that veterinarians use to detect diseases in animals. In the past few years, Idexx has benefited from rising pet ownership levels....
ADOBE INC. $521 is buy for aggressive investors. The company (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 455.3 million; Market cap: $237.2 billion; Price-to-sales ratio: 13.2; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) has announced new versions of its generative artificial intelligence (AI) model, Firefly, promising higher-quality images and the ability to produce new types of media.
This new edition was trained on about 70% more images, which should improve the system’s ability to create photo-realistic images....
This new edition was trained on about 70% more images, which should improve the system’s ability to create photo-realistic images....
RESTAURANT BRANDS INTERNATIONAL INC. $67 is a buy for aggressive investors. The fast-food operator’s (New York symbol QSR, Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 453.0 million; Market cap: $30.4 billion; Price-to-sales ratio: 4.5; Dividend yield: 3.3%; TSINetwork Rating: Average; www.rbi.com) four restaurant banners in the U.S.—Burger King, Popeyes, Firehouse Subs and Tim Hortons—have renewed their relationship with Coca-Cola until 2033.
Under the new agreements, Coca-Cola will invest in and support marketing priorities with all four banners to drive additional traffic and contribute to franchisee profitability.
The company will probably earn $3.24 a share for all of 2023, and the stock trades at a reasonable 20.7 times that estimate....
The launch of new weight-loss drugs like Ozempic, which cause people to eat less, has hurt fast-foods stocks like Yum and Yum China. However, these drugs come with serious side effects, which limits their use. We feel these companies’ top brands will continue to attract customers, particularly in overseas markets.
YUM! BRANDS INC....
YUM! BRANDS INC....
BOEING CO. $178 remains a hold. The aircraft maker (New York symbol BA; Conservative Growth Portfolio, Manufacturing sector; Shares outstanding: 603.2 million; Market cap: $107.4 billion; Price-to-sales ratio: 1.5; Dividend suspended in June 2020; TSINetwork Rating: Extra Risk; www.boeing.com) now expects to deliver between 375 and 400 of its 737 Max airliners in 2023, down from its previous estimate of 400 to 450....
The shares of these two food ingredient suppliers have dropped lately, mainly due to concerns that an economic slowdown would hurt their sales and make it harder to raise their selling prices. However, they play a vital role in global food production, which bodes well for their long-term prospects.
ARCHER DANIELS MIDLAND CO....
ARCHER DANIELS MIDLAND CO....
VISA INC. $237 is a buy. The company (New York symbol V; Conservative Growth Portfolio, Finance sector; Shares outstanding: 2.1 billion; Market cap: $497.7 billion; Price-to-sales ratio: 15.5; Dividend yield: 0.9%; TSINetwork Rating: Above Average; www.visa.com) operates the world’s largest electronic-payments network....