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.
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EMBECTA CORP. $27 is a buy. The company (Nasdaq symbol EMBC; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 57.8 million; Market cap: $1.6 billion; Price-to-sales ratio: 1.5; Dividend yield: 2.2%; TSINetwork Rating: Average; www.embecta.com) took its current form in April 2022 when Becton Dickinson & Co....
AGILENT TECHNOLOGIES INC....
ADOBE INC. $363 is buy. The company (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 457.8 million; Market cap: $166.2 billion; Price-to-sales ratio: 9.8; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) makes software that lets computer users create, edit and share documents in the popular PDF format....
BROADRIDGE FINANCIAL SOLUTIONS INC....
Part of that gain is due to their shift to an “asset-light” business model....
CALIAN GROUP, $63.39, is a buy. The stock (Toronto symbol CGY; TSINetwork Rating: Extra Risk) (calian.com; Shares outstanding: 11.7 million; Market cap: $736.7 million; Dividend yield: 1.8%) lets investors tap the Ottawa-based company’s four main operating segments:
Advanced Technologies offers products and engineering services for the space, communications, nuclear, agriculture, defence and government sectors....
THE TJX COMPANIES, $78.01, (New York symbol TJX; TSINetwork Rating: Above Average) (tjx.com; Shares o/s: 1.2 billion; Market cap: $89.6 billion; Yield: 1.7%),is a leading off-price retailer of clothing, accessories and home fashions....
RESTAURANT BRANDS INTERNATIONAL, $68.39, is a buy. The company (New York symbol QSR; TSI Rating: Average) (www.rbi.com; Shares o/s: 478.0 million; Market cap: $21.2 billion; Yield: 3.2%) reports that TH International Limited (“Tims China”) will now become the exclusive operator and developer of the Popeyes brand in mainland China....