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
Many traditional bricks-and-mortar retailers will continue to struggle against the COVID-spurred shift to online shopping. Some will even go out of business. But we believe TJX’s unique business niche offers you the potential for strong gains ahead. The stock is a Power Buy.
THE TJX COMPANIES, $85.59, (New York symbol TJX; TSINetwork Rating: Above Average) (tjx.com; Shares o/s: 1.1 billion; Market cap: $97.9 billion; Yield: 1.6%), is a leading off-price retailer of clothing, accessories and home fashions....
ResMed’s Software-as-a-Service (SaaS) segment provides software solutions aimed at letting medial professionals and out-of-hospital care agencies work more efficiently to deliver personalized care. It’s a significant growth area for the company.
RESMED INC., $218.05, is a buy. The company (New York symbol RMD; TSINetwork Rating: Average) (www.resmed.com; Shares outstanding: 146.9 million; Market cap: $32.5 billion; Dividend yield: 0.8%) continues to make acquisitions to expand its SaaS offerings....
SHOPIFY, $89.91, remains a buy. The company (Toronto symbol SHOP; TSINetwork Rating: Extra Risk) (www.shopify.ca; Shares outstanding: 1.2 billion; Market cap: $113.3 billion; No dividends paid) has now completed the sale of its former Shopify Logistics business to Flexport, a global logistics platform....
Expedia has a strong competitive position that includes the leading market share in the U.S. Meanwhile, its new One Key loyalty program should provide it with a big boost in the fight to attract and retain customers. At the same time, Expedia’s geographic diversification helps it weather the volatility of any one market, whether economic, political or weather related....
SHAWCOR LTD. $20 (www.mattr.com) remains a buy. As part of its re-organization, ShawCor plans to change its legal name to Mattr. As a result, the stock now trades under the “MATR” symbol instead of “SCL.” The re-organization mainly involves selling businesses that serve the oil and gas industry, such as pipeline coating....
Bombardier’s stock has soared over 200% in the past year as it continues to realizes the benefits of its plan to focus solely on business jets. While the outlook for that business remains bright, sales of those planes could suffer if the global economy slows....
RESTAURANT BRANDS INTERNATIONAL INC. $100 is a buy for aggressive investors. The company (Toronto symbol QSR, Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 452.0 million; Market cap: $45.2 billion; Price-to-sales ratio: 5.1; Dividend yield: 2.9%; TSINetwork Rating: Average; www.rbi.com) has 30,722 fast food outlets in over 100 countries: 19,789 Burger King, 5,600 Tim Hortons (coffee and donuts), 4,091 Popeyes Louisiana Kitchen (fried chicken) and 1,242 Firehouse Subs.
Tim Hortons is now launching a no-annual fee Mastercard credit card in partnership with Neo Financial....
Canada’s population rose by 1 million in the past year and now exceeds 40 million. If current immigration levels and other trends continue, the population could top 50 million by 2043.
The influx of new people is accelerating the construction of residential housing across the country....
The influx of new people is accelerating the construction of residential housing across the country....
LOBLAW COMPANIES, $120.49, is a buy. The retailer (Toronto symbol L; Shares o/s: 319.5 million; Market cap: $38.5 billion; TSINetwork Rating: Above Average; Dividend yield: 1.5%; www.loblaw.ca), operates 1,098 supermarkets under several retail banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills....
ALCOA CORP. $34 is a buy. The company (New York symbol AA; Conservative Growth Portfolio, Resources sector; Shares outstanding: 178.3 million; Market cap: $6.1 billion; Price-to-sales ratio: 0.5; Dividend yield: 1.2%; TSINetwork Rating: Extra Risk; www.alcoa.com) is a leading producer of bauxite ore, with mines in Australia, Brazil, West Africa and Saudi Arabia....