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
CHIPOTLE MEXICAN GRILL, $2,062.01, is a buy. The company (New York symbol CMG; TSINetwork Rating: Extra Risk) (www.chipotle.com; Shares outstanding: 27.6 million; Market cap: $43.9 billion; No dividends paid.) has quickly won its lawsuit for trademark infringement against fast-casual restaurant chain Sweetgreen Inc.
Sweetgreen renamed its newest menu item, the “Chipotle Chicken Burrito Bowl,” just two days after Chipotle sued the chain....
Sweetgreen renamed its newest menu item, the “Chipotle Chicken Burrito Bowl,” just two days after Chipotle sued the chain....
The coronavirus pandemic forced the cancellation of most vacation plans. However, the reopening of the economy has spurred strong demand for travel—and both Wyndham, and Travel + Leisure should benefit from that surge. We see each as a buy.
WYNDHAM HOTELS & RESORTS, $66.17, is suitable for your new buying. The company (New York symbol WH; TSINetwork Rating: Extra Risk) (www.wyndhamhotels.com; Shares outstanding: 85.9 million; Market cap: $5.6 billion; Dividend yield: 2.1%) is the world’s largest hotel franchiser, with 845,000 rooms spread across 9,100 hotels in 95 countries....
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:
E AUTOMOTIVE INC., $3.32, (Toronto symbol EINC; TSINetwork Rating: Extra Risk) (www.e.inc; Shares outstanding: 48.1 million; Market cap: $158.3 million; No dividends paid) operates EBlock, a digital auction platform that aims to let car and truck dealerships and wholesalers expedite the buying and selling of inventory both online and at its physical auction locations.
In the three months ended March 31, 2023, E Automotive’s revenue increased by 23.9%, to $30.8 million from $24.8 million a year earlier....
Broadridge has a winning business model in expanding markets. We believe that will lead to strong growth in future years. The stock is a Power Buy.
BROADRIDGE FINANCIAL SOLUTIONS, $152.74, is a buy. The company (New York symbol BR; TSINetwork Rating: Average) (www.broadridge.com; Shares outstanding: 118.0 million; Market cap: $18.0 billion; Dividend yield: 1.9%) serves the investment industry in three areas: investor communications, securities processing and transaction clearing.
Broadridge is best known for processing and distributing proxies and regulatory filings for nearly every publicly traded U.S....
BROADRIDGE FINANCIAL SOLUTIONS, $152.74, is a buy. The company (New York symbol BR; TSINetwork Rating: Average) (www.broadridge.com; Shares outstanding: 118.0 million; Market cap: $18.0 billion; Dividend yield: 1.9%) serves the investment industry in three areas: investor communications, securities processing and transaction clearing.
Broadridge is best known for processing and distributing proxies and regulatory filings for nearly every publicly traded U.S....
ELI LILLY & CO., $437.47, is a #1 Power Buy for 2023. The company (New York symbol LLY; TSINetwork Rating: Above Average) (www.lilly.com; Shares outstanding: 949.3 million; Market cap: $414.5 billion; Dividend yield: 1.3%) rose to new all-time highs recently after its experimental Alzheimer’s drug, donanemab, slowed cognitive decline by 35% in a closely watched late-stage trial.
The results raise hopes for an effective treatment for the brain-wasting disease.
Based on the new data, Lilly plans to apply this quarter to the U.S....
The results raise hopes for an effective treatment for the brain-wasting disease.
Based on the new data, Lilly plans to apply this quarter to the U.S....
Swiss pharmaceutical giant Novartis spun off Alcon in 2019. As we’ve said many times before, spinoffs are the closest thing you can find to a sure thing, regardless of the market’s rise and fall.
The stock is already up over 99% from its March 2020 low, but we think it can go much higher....
The stock is already up over 99% from its March 2020 low, but we think it can go much higher....
BOMBARDIER INC. is a hold. The company (Toronto symbols BBD.A $56 and BBD.B $55; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 95.3 million; Market cap: $5.2 billion; Price-to-sales ratio: 0.7; Dividend suspended in February 2015; TSINetwork Rating: Speculative; www.bombardier.com) delivered 22 business jets in the quarter ended March 31, 2023, up from 21 a year earlier....
TRANSCONTINENTAL INC. $15 is still a buy for aggressive investors. The company (Toronto symbol TCL.A; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 86.9 million; Market cap: $1.3 billion; Price-to-sales ratio: 0.4; Dividend yield: 6.0%; TSINetwork Rating: Average; www.tctranscontinental.com) is Canada’s leading commercial printer....
SNC-LAVALIN GROUP INC. $35 is still a hold. The engineering company’s (Toronto symbol SNC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 175.6 million; Market cap: $6.1 billion; Price-to-sales ratio: 0.7; Dividend yield: 0.2%; TSINetwork Rating: Average; www.snclavalin.com) revenue in the first quarter of 2023 rose 7.2%, to $2.02 billion from $1.89 billion a year earlier....
These top providers of real estate services are moving in different directions. FirstService is hitting new highs thanks to strong demand for its residential services and recurring contracts. Colliers, however, has dipped on concerns that the shift to remote work and high interest rates are hurting demand for office buildings....