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
ADOBE INC., $479.53, is a buy. The company (Nasdaq symbol ADBE; TSINetwork Rating: Average) (www.adobe.com; Shares outstanding: 458.7 million; Market cap: $219.7 billion; No dividends paid) is adding artificial intelligence (AI) technology to Photoshop—its flagship software for editing images—to enhance its capabilities.
The company says the move is the start of a major push to add AI across its suite of programs for creative professionals like graphic designers.
One new Photoshop feature will be called “Generative Fill,” which will let users extend the boundaries of cropped images with additional, AI-generated images....
The company says the move is the start of a major push to add AI across its suite of programs for creative professionals like graphic designers.
One new Photoshop feature will be called “Generative Fill,” which will let users extend the boundaries of cropped images with additional, AI-generated images....
TOROMONT INDUSTRIES LTD. $108 is a buy. The company (Toronto symbol TIH; Aggressive Growth Portfolio; Manufacturing sector; Shares outstanding: 82.4 million; Market cap: $8.9 billion; Price-to-sales ratio: 2.0; Dividend yield: 1.6%; TSINetwork Rating: Extra Risk; www.toromont.com) distributes bulldozers, backhoe loaders and drills, mainly in eastern Canada and the U.S....
Despite the shift to eating at home during the pandemic, Maple Leaf Foods has stayed in a narrow range of $20 to $30 over the past five years. That’s largely due to the problems at its plant-based foods business. While a new plan should cut losses for this business, the stock will likely remain in its narrow range until profits significantly improve.
MAPLE LEAF FOODS INC....
We picked computer outsourcing specialist CGI as your #1 Aggressive Buy for 2023. This is the seventh year in a row that we’ve selected CGI as a top buy, and our readers have profited from the stock’s 119% rise over that time. Compare that to the 31% gain for the S&P/TSX Composite Index.
The company tends to fuel its growth with acquisitions....
The company tends to fuel its growth with acquisitions....
Shares of Genuine Parts have gained 20% in the past year. The rise is partly because higher interest rates on new loans have prompted consumers to hang on to their older cars; that in turn has lifted Genuine’s sales of replacement parts. What’s more, an acquisition is helping the company tap increasing automaker demand for robotic equipment.
GENUINE PARTS CO....
GENUINE PARTS CO....
QUAKER CHEMICAL CORP. $198 is still a buy. The company (New York symbol KWR; Income Portfolio, Manufacturing & Industry sector; Shares outstanding: 18.0 million; Market cap: $3.6 billion; Price-to-sales ratio: 1.9; Dividend yield: 0.9%; TSINetwork Rating: Average; www.quakerhoughton.com) acquired rival specialty chemicals maker Houghton International in August 2019....
MOTOROLA SOLUTIONS INC. $284 is a buy. The company (New York symbol MSI; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 166.9 million; Market cap: $47.4 billion; Price-to-sales ratio: 5.1; Dividend yield: 1.2%; TSINetwork Rating: Average; www.motorolasolutions.com) makes communications equipment such as two-way radios for police and fire vehicles, as well as high-definition surveillance systems....
BAXTER INTERNATIONAL INC. $42 is a buy. The company (New York symbol BAX; Conservative Growth Portfolio; Manufacturing sector; Shares outstanding: 505.9 million; Market cap: $21.2 billion; Price-to-sales ratio: 1.6; Dividend yield: 2.7%; TSINetwork Rating: Average; www.baxter.com) has agreed to sell its BioPharma division to private-equity firms Advent International and Warburg Pincus for $4.25 billion (or $3.4 billion after taxes)....
GENERAL ELECTRIC CO. $101 remains a hold. The conglomerate (New York symbol GE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 1.1 billion; Market cap: $111.1 billion; Price-to-sales ratio: 1.4; Dividend yield: 0.3%; TSINetwork Rating: Average; www.ge.com) recently spun off its healthcare products business (X-ray equipment, MRI and ultrasound scanners) as GE HealthCare Technologies Inc (Nasdaq symbol GEHC)....
APPLE INC. $172 is still a hold. The company (Nasdaq symbol AAPL; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 16.2 billion; Market cap: $2.8 trillion; Price-to-sales ratio: 7.0; Dividend yield: 0.6%; TSINetwork Rating: Average; www.apple.com) gets about half of its revenue from iPhone sales....