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
FedEx’s shares shot up to $320 in 2021 as the COVID-19 lockdowns prompted consumers to buy more goods online. That spurred strong demand for its delivery services. The stock then fell to $142 in September 2022 as stores re-opened and online shopping volumes levelled off....
Domino’s is now reversing its long-held stance against working with third-party food-delivery companies in the U.S. That bodes well for the company’s sales—and future share price gains for investors.
DOMINO’S PIZZA, $392.33 (New York symbol DPZ; TSINetwork Rating: Average) (www.dominos.com; Shares o/s: 35.3 million; Market cap: $13.9 billion; Dividend yield: 1.2%), has signed a deal with Uber Technologies to list its menus on the ride-share company’s Eats and Postmates food-delivery apps.
Domino’s menu will begin appearing on Uber’s apps in Las Vegas and three other U.S....
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:
ADOBE INC., $527.17, is a buy. The company (Nasdaq symbol ADBE; TSINetwork Rating: Average) (www.adobe.com; Shares o/s: 455.8 million; Market cap: $242.6 billion; No dividends paid) continues to report improved results....
You should remain wary of stocks that attract broker/media praise for their high-profile products or services and their business models. Here’s a closer look at one stock with risks that prospective investors should take into consideration:
HYPERFINE INC., $3.07, (Nasdaq symbol HYPR; TSINetwork Rating: Speculative) (www.hyperfine.io; Shares o/s: 56.0 million; Market cap: $225.3 million; No dividends paid) is a medical device company based in Guilford, Connecticut.
Hypefine’s FDA-approved Swoop portable MRI (magnetic resonance imaging) system can be wheeled directly to a patient’s bedside....
RESTAURANT BRANDS INTERNATIONAL, $77.52, is a buy. The company (New York symbol QSR; TSI Rating: Average) (www.rbi.com; Shares outstanding: 478.0 million; Market cap: $35.1 billion; Dividend yield: 2.8%) recently launched its international expansion program for Firehouse Subs.
To start, in late June, Firehouse Subs opened its first restaurant in Switzerland....
Many traditional bricks-and-mortar retailers will continue to struggle against the COVID-spurred shift to online shopping. Some will even go out of business. But we believe TJX’s unique business niche offers you the potential for strong gains ahead. The stock is a Power Buy.
THE TJX COMPANIES, $85.59, (New York symbol TJX; TSINetwork Rating: Above Average) (tjx.com; Shares o/s: 1.1 billion; Market cap: $97.9 billion; Yield: 1.6%), is a leading off-price retailer of clothing, accessories and home fashions....
ResMed’s Software-as-a-Service (SaaS) segment provides software solutions aimed at letting medial professionals and out-of-hospital care agencies work more efficiently to deliver personalized care. It’s a significant growth area for the company.
RESMED INC., $218.05, is a buy. The company (New York symbol RMD; TSINetwork Rating: Average) (www.resmed.com; Shares outstanding: 146.9 million; Market cap: $32.5 billion; Dividend yield: 0.8%) continues to make acquisitions to expand its SaaS offerings....
SHOPIFY, $89.91, remains a buy. The company (Toronto symbol SHOP; TSINetwork Rating: Extra Risk) (www.shopify.ca; Shares outstanding: 1.2 billion; Market cap: $113.3 billion; No dividends paid) has now completed the sale of its former Shopify Logistics business to Flexport, a global logistics platform....
Expedia has a strong competitive position that includes the leading market share in the U.S. Meanwhile, its new One Key loyalty program should provide it with a big boost in the fight to attract and retain customers. At the same time, Expedia’s geographic diversification helps it weather the volatility of any one market, whether economic, political or weather related....
SHAWCOR LTD. $20 (www.mattr.com) remains a buy. As part of its re-organization, ShawCor plans to change its legal name to Mattr. As a result, the stock now trades under the “MATR” symbol instead of “SCL.” The re-organization mainly involves selling businesses that serve the oil and gas industry, such as pipeline coating....