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
RESTAURANT BRANDS INTERNATIONAL INC. $92 is a buy for aggressive investors. The company (Toronto symbol QSR, Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 452.0 million; Market cap: $41.6 billion; Price-to-sales ratio: 4.5; Dividend yield: 3.3%; TSINetwork Rating: Average; www.rbi.com) has 30,125 fast-food outlets in over 100 countries: 18,935 Burger King, 5,662 Tim Hortons (coffee and donuts), 4,269 Popeyes Louisiana Kitchen (fried chicken) and 1,259 Firehouse Subs.
Earlier this year, TH International Limited (Nasdaq symbol THCH), called “Tims China”, became the exclusive operator and developer of the Popeyes brand in mainland China.
As a result, Tims China recently opened its flagship restaurant in Shanghai....
ALGONQUIN POWER & UTILITIES, $10.26, is a buy. The utility (Toronto symbol AQN; Shares outstanding: 688.8 million; Market cap: $7.1 billion; TSINetwork Rating: Extra Risk; Dividend yield: 5.7%; www.algonquinpower.com) has two main businesses: the Regulated Services Group provides regulated electricity, gas, water distribution and wastewater collection services in Canada, the U.S., Chile and Bermuda; and the Renewable Power Group produces electricity from about 47 clean-energy plants in North America.
Algonquin is now conducting a strategic review of its renewable power operations....
BCE and Metro are leading competitors in their respective markets; look for that to cut your ongoing risk. We see both as buys.
BCE INC., $57.66, is a buy. The company (Toronto symbol BCE; Shares o/s: 912.3 million; Market cap: $52.7 billion; TSINetwork Rating: Above Average; Yield: 6.7%) is Canada’s largest traditional telephone service provider....
BCE INC., $57.66, is a buy. The company (Toronto symbol BCE; Shares o/s: 912.3 million; Market cap: $52.7 billion; TSINetwork Rating: Above Average; Yield: 6.7%) is Canada’s largest traditional telephone service provider....
BECTON DICKINSON & CO. $277 is a buy. The company (New York symbol BDX; Conservative Growth Portfolio, Manufacturing sector; Shares outstanding: 283.9 million; Market cap: $78.6 billion; Price-to-sales ratio: 4.2; Dividend yield: 1.3%; TSINetwork Rating: Above Average; www.bd.com) makes a variety of medical devices, including stents, catheters, needles, incontinence devices and surgical tools.
In its fiscal 2023 third quarter, ended June 30, 2023, Becton’s revenue rose 5.1%, to $4.88 billion from $4.64 billion a year earlier....
In its fiscal 2023 third quarter, ended June 30, 2023, Becton’s revenue rose 5.1%, to $4.88 billion from $4.64 billion a year earlier....
DIAGEO PLC ADR $169 is a hold. The company (New York symbol DEO; Conservative Growth Portfolio, Consumer sector; ADRs outstanding: 562.5 million; Market cap: $95.1 billion; Price-to-sales ratio: 4.4; Dividend yield: 2.2%; TSINetwork Rating: Above Average; www.diageo.com) is a leading maker of premium alcoholic beverages.
In the fiscal year ended June 30, 2023, Diageo’s sales rose 10.7%, to 17.11 billion British pounds (1 pound = $1.67 Canadian) from 15.45 billion pounds in 2022....
In the fiscal year ended June 30, 2023, Diageo’s sales rose 10.7%, to 17.11 billion British pounds (1 pound = $1.67 Canadian) from 15.45 billion pounds in 2022....
We’ve long told our readers that spinoffs are a great way for companies to unlock hidden value for their shareholders. A recent example is General Electric, which is breaking up into three smaller firms. GE is now up 35% since it announced that plan in November 2021; its new spinoff GE HealthCare has gained 20%....
MOTOROLA SOLUTIONS INC. $278 is a buy. The company (New York symbol MSI; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 167.0 million; Market cap: $46.4 billion; Price-to-sales ratio: 4.9; Dividend yield: 1.3%; 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....
KEYSIGHT TECHNOLOGIES INC. $130 is still a buy for aggressive investors. The company (New York symbol KEYS; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 177.8 million; Market cap: $23.1 billion; Price-to-sales ratio: 4.1; No dividend paid; TSINetwork Rating: Average; www.keysight.com) makes an array of devices for testing electronic equipment.
The stock dropped 10% recently on concerns that China’s slowing economy will hurt demand for its communication and chip testing equipment....
The stock dropped 10% recently on concerns that China’s slowing economy will hurt demand for its communication and chip testing equipment....
In January 2023, Microsoft increased its investment in OpenAI. That’s the start-up firm behind ChatGPT, which uses artificial intelligence (AI) software to interact with users in a conversational way and produce human-like written responses. The company has not yet revealed the size of this investment, but media reports suggest it was $10 billion.
Since then, Microsoft stock has jumped 36% on the expectation the company will use this AI technology to greatly improve the performance of its Azure cloud computing platform and its Bing search engine.
Microsoft also stands to gain from its upcoming acquisition of video game maker Activision Blizzard....
Since then, Microsoft stock has jumped 36% on the expectation the company will use this AI technology to greatly improve the performance of its Azure cloud computing platform and its Bing search engine.
Microsoft also stands to gain from its upcoming acquisition of video game maker Activision Blizzard....
Fair Isaac and Broadridge were well positioned to gain during the pandemic and after it: since March of 2020, Fair Isaac is up 304.3%, and Broadridge has jumped 101.9%. We think both stocks have room to move even higher as product demand remains strong—and growing.
FAIR ISAAC CORP., $848.80, is a buy. The company (New York symbol FICO; TSINetwork Rating: Average) (www.fairisaac.com; Shares outstanding: 24.9 million; Market cap: $21.7 billion; No dividends paid) is best known for its FICO Scores software....
FAIR ISAAC CORP., $848.80, is a buy. The company (New York symbol FICO; TSINetwork Rating: Average) (www.fairisaac.com; Shares outstanding: 24.9 million; Market cap: $21.7 billion; No dividends paid) is best known for its FICO Scores software....