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.
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Growth Stocks Library Archives
Calian has had great success in Canada—and the company’s focus on secure Canadian government contracts continues to pay off. Meanwhile, Calian is now expanding further into the big U.S. market.
CALIAN GROUP, $52.22, is a buy. The company (Toronto symbol CGY; TSINetwork Rating: Extra Risk) (calian.com; Shares outstanding: 11.8 million; Market cap: $631.0 million; Dividend yield: 2.1%) has now completed its purchase of the assets of U.S.-based Hawaii Pacific Teleport....
CALIAN GROUP, $52.22, is a buy. The company (Toronto symbol CGY; TSINetwork Rating: Extra Risk) (calian.com; Shares outstanding: 11.8 million; Market cap: $631.0 million; Dividend yield: 2.1%) has now completed its purchase of the assets of U.S.-based Hawaii Pacific Teleport....
Long-time readers know that we aim to keep you informed of important news about the stocks we cover. That means highlighting developments and plans that promise to bolster investor gains. Here are two buys that stand out this month:
THERMO FISHER SCIENTIFIC INC., $528.87, is a buy. The company (New York symbol TMO; TSINetwork Rating: Average) (thermofisher.com; Shares o/s: 385.9 million; Market cap: $206.3 billion; Dividend yield: 0.3%) is a leading maker of scientific instruments, laboratory equipment, diagnostic consumables, and life science reagents.
In the quarter ended July 1, 2023, Thermo Fisher’s revenue fell 2.6%, to $10.69 billion from $10.97 billion a year earlier....
THERMO FISHER SCIENTIFIC INC., $528.87, is a buy. The company (New York symbol TMO; TSINetwork Rating: Average) (thermofisher.com; Shares o/s: 385.9 million; Market cap: $206.3 billion; Dividend yield: 0.3%) is a leading maker of scientific instruments, laboratory equipment, diagnostic consumables, and life science reagents.
In the quarter ended July 1, 2023, Thermo Fisher’s revenue fell 2.6%, to $10.69 billion from $10.97 billion a year earlier....
WYNDHAM HOTELS & RESORTS, $75.02 (New York symbol WH; TSINetwork Rating: Extra Risk) (www.wyndhamhotels.com; Shares outstanding: 84.3 million; Market cap: $6.4 billion; Dividend yield: 1.9%) continues to add new hotels; the latest is a collaboration with Roadchef, one of the U.K.’s leading motorway service area operators, for the opening of the Super 8 hotel by Wyndham Chester East in the U.K.
The opening of the hotel marks the Super 8 brand’s first property in the U.K....
The opening of the hotel marks the Super 8 brand’s first property in the U.K....
Electronic Arts and Warner Music soared during the pandemic but have now given up some of those gains. Still, we like their prospects in their competitive niche markets, and each is well-priced for new buying.
WARNER MUSIC GROUP, $33.61, is a buy. Through your shares (Nasdaq symbol WMG; TSINetwork Rating: Average) (www.wmg.com; Shares outstanding: 515.7 million; Market cap: $17.0 billion; Dividend yield: 2.0%) you benefit from the growth of one of the world’s leading music entertainment companies....
WARNER MUSIC GROUP, $33.61, is a buy. Through your shares (Nasdaq symbol WMG; TSINetwork Rating: Average) (www.wmg.com; Shares outstanding: 515.7 million; Market cap: $17.0 billion; Dividend yield: 2.0%) you benefit from the growth of one of the world’s leading music entertainment companies....
GEN DIGITAL INC., $20.47, is a buy. The company’s (Nasdaq symbol GEN; TSINetwork Rating: Extra Risk) (gendigital.com; Shares outstanding: 661.0 million; Market cap: $13.1 billion; Dividend yield: 2.4%) Norton subsidiary has now introduced an AI-powered mobile application and web-based service....
The pandemic presented this firm with unique challenges. However, it remained profitable and is now well positioned to keep prospering as the economy rebounds. Trends underway—as well as its strong position in key markets—will power its gains. The stock is a Power Buy.
STERIS PLC, $227.27, is a buy. The firm (New York symbol STE; TSINetwork Rating: Extra Risk) (www.steris.com; Shares outstanding: 98.8 million; Market cap: $22.7 billion; Dividend yield: 0.9%) sells sterilization equipment, surgical tables, and other products and services used in hospitals and laboratories.
Steris operates in four segments: Healthcare (65% of revenues), Applied Sterilization Technologies (17%), Life Sciences (11%), and Dental (7%)....
Goodyear’s shares took a big jump in mid-May 2023 after activist investor Elliott Management pushed for changes at the underperforming tiremaker. As well, Elliott, which owns about 10% of Goodyear, was pushing for a sale or other action on the company’s 1,000 plus retail stores....
ADT INC., $6.43, is a buy. The company (New York symbol ADT; TSINetwork Rating: Extra Risk) (adt.com; Shares outstanding: 866.5 million; Market cap: $5.9 billion; Dividend yield: 2.2%) is a leading provider of monitored security products and services to customers in the U.S.
ADT is now selling its commercial security, fire and life safety business unit to private equity firm GTCR for $1.6 billion.
Proceeds from the sale, which is expected to close in the fourth quarter of 2023, will be used to cut debt by $1.5 billion; the cash interest savings should offset the impact of losing the commercial business revenue....
ADT is now selling its commercial security, fire and life safety business unit to private equity firm GTCR for $1.6 billion.
Proceeds from the sale, which is expected to close in the fourth quarter of 2023, will be used to cut debt by $1.5 billion; the cash interest savings should offset the impact of losing the commercial business revenue....
Twilio focuses on a rapidly expanding area: it provides the building blocks that businesses and their software developers need to integrate voice calling, text messaging, video, web, mobile chat and, more recently, email.
The company’s array of communications offerings continues to see increased demand....
The company’s array of communications offerings continues to see increased demand....
Starting 2018, Thomson Reuters has worked to wind down its financial information business and use the proceeds to reward investors. Thanks to that strategy, its stock has soared 200% in the past five years. We feel Thomson can still go higher as it shifts its focus to niche areas where it has a competitive advantage like legal databases.
THOMSON REUTERS CORP....