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
These two firms play a vital role in global food production. While their short-term earnings are vulnerable to fluctuations in crop prices, harvest levels and weather events, we like their long-term prospects.
ARCHER DANIELS MIDLAND CO. $87 is a buy. The company (New York symbol ADM; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 544.6 million; Market cap: $47.4 billion; Price-to-sales ratio: 0.5; Dividend yield: 1.8%; TSINetwork Rating: Above Average; www.adm.com) processes corn, wheat, soybeans, flax seed and other crops into a variety of food ingredients such as flour, oils and sweeteners....
BROADRIDGE FINANCIAL SOLUTIONS INC. $172 is a buy. The company (New York symbol BR; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 118.0 million; Market cap: $20.3 billion; Price-to-sales ratio: 3.4; Dividend yield: 1.7%; TSINetwork Rating: Average; www.broadridge.com) serves the investment industry in three main areas: investor communications, securities processing, and transaction clearing.
Broadridge has won a U.S....
Broadridge has won a U.S....
AGILENT TECHNOLOGIES INC. $128 is a buy. The company (New York symbol A; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 295.4 million; Market cap: $37.8 billion; Price-to-sales ratio: 5.4; Dividend yield: 0.7%; TSINetwork Rating: Average; www.agilent.com) makes specialized testing equipment for medical research laboratories and industrial clients.
Demand for Agilent’s equipment from pharmaceutical firms, chemical makers and food producers remains strong as the economy recovers from the COVID-19 pandemic....
These three technology stocks are all up sharply in 2023, and are trading close to their all-time highs. While they now look expensive in relation to projected earnings and sales, we feel their leading market shares and top products will continue to give them a competitive advantage and push their shares even higher.
NVIDIA CORP....
RTX CORP. $87 is still a buy. The company (New York symbol RTX; Conservative-Growth Payer Portfolio; Manufacturing sector; Shares outstanding: 1.5 billion; Market cap: $130.5 billion; Price-to-sales ratio: 1.8; Dividend yield: 2.7%; TSINetwork Rating: Above Average; www.rtx.com) recently changed its name from Raytheon Technologies Corp....
FedEx’s shares shot up to $320 in 2021 as the COVID-19 lockdowns prompted consumers to buy more goods online. That spurred strong demand for its delivery services. The stock then fell to $142 in September 2022 as stores re-opened and online shopping volumes levelled off....
Domino’s is now reversing its long-held stance against working with third-party food-delivery companies in the U.S. That bodes well for the company’s sales—and future share price gains for investors.
DOMINO’S PIZZA, $392.33 (New York symbol DPZ; TSINetwork Rating: Average) (www.dominos.com; Shares o/s: 35.3 million; Market cap: $13.9 billion; Dividend yield: 1.2%), has signed a deal with Uber Technologies to list its menus on the ride-share company’s Eats and Postmates food-delivery apps.
Domino’s menu will begin appearing on Uber’s apps in Las Vegas and three other U.S....
Long-time readers know that we aim to keep you informed of important news about the stocks we cover. That means highlighting developments and plans that promise to bolster investor gains. Here are two buys that stand out this month:
ADOBE INC., $527.17, is a buy. The company (Nasdaq symbol ADBE; TSINetwork Rating: Average) (www.adobe.com; Shares o/s: 455.8 million; Market cap: $242.6 billion; No dividends paid) continues to report improved results....
You should remain wary of stocks that attract broker/media praise for their 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:
HYPERFINE INC., $3.07, (Nasdaq symbol HYPR; TSINetwork Rating: Speculative) (www.hyperfine.io; Shares o/s: 56.0 million; Market cap: $225.3 million; No dividends paid) is a medical device company based in Guilford, Connecticut.
Hypefine’s FDA-approved Swoop portable MRI (magnetic resonance imaging) system can be wheeled directly to a patient’s bedside....
RESTAURANT BRANDS INTERNATIONAL, $77.52, is a buy. The company (New York symbol QSR; TSI Rating: Average) (www.rbi.com; Shares outstanding: 478.0 million; Market cap: $35.1 billion; Dividend yield: 2.8%) recently launched its international expansion program for Firehouse Subs.
To start, in late June, Firehouse Subs opened its first restaurant in Switzerland....