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.
We like the long-term prospects of all four, but see only Andrew Peller as a buy for right now.
SAPUTO INC....
The stock lets you tap this growth and the company’s other successful retailing strategies....
In its fiscal 2023 fourth quarter, ended October 31, 2023, revenue fell 8.7%, to $1.69 billion from $1.85 billion a year earlier....
WYNDHAM HOTELS & RESORTS, $76.80, is a buy. The company (New York symbol WH; TSINetwork Rating: Extra Risk) (www.wyndhamhotels.com; Shares o/s: 83.0 million; Market cap: $6.4 billion; Yield: 1.8%) is the world’s largest hotel franchiser, with 851,500 rooms across 9,100 hotels in 95 countries.
Wyndham has rejected an unsolicited takeover bid from rival Choice Hotels International (symbol CHH on New York)....