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 shares have jumped 45% in the past year, and are now just below their all-time high of $99. That big gain is largely due to the company’s success at fuelling post-pandemic growth with more drive-thru outlets and improved mobile ordering apps....
Both Loblaw and Metro successfully weathered the pandemic. In fact, the shares of both are now trading near all-time highs for our subscribers! Meanwhile, many of their customers who opted for home delivery (or in-store pickup) during pandemic lockdowns are sticking with that value-added service....
NCR CORP. $21 (www.ncr.com) is still a buy. The company plans to break itself up into two separate companies—one will focus on ATMs, and the other will focus on digital commerce businesses....
The war in Ukraine and the resulting jump in crop prices spurred revenue and earnings at agribusiness giant Archer Daniels Midland to record highs in 2022. While crop prices have since moderated, the company will continue to benefit from investments that help it tap new markets such as biofuels and ingredients for plant-based foods.
ARCHER DANIELS MIDLAND CO....
ARCHER DANIELS MIDLAND CO....
PHILIPS ELECTRONICS N.V. ADRs $21 is a hold. The company (New York symbol PHG; Conservative Growth Portfolio, Manufacturing sector; ADRs outstanding: 881.5 million; Market cap: $18.5 billion; Price-to-sales ratio: 0.9; Dividend yield: 4.4%; TSINetwork Rating: Average; www.philips.com) makes industrial health-care products, including X-ray scanners and ultrasound systems, along with consumer goods such as electric shavers and electric toothbrushes.
The stock has dropped 20% in the past year, mainly due to the recall of 5.5 million sleep apnea and ventilator machines on concerns a foam used in the devices could degrade and release harmful particles.
If you exclude costs related to those recalls and a restructuring plan, Philips’ earnings in the first quarter of 2023 gained 46.7%, to 0.22 euros per ADR from 0.15 a year earlier (1 euro=$1.35 Canadian)....
The stock has dropped 20% in the past year, mainly due to the recall of 5.5 million sleep apnea and ventilator machines on concerns a foam used in the devices could degrade and release harmful particles.
If you exclude costs related to those recalls and a restructuring plan, Philips’ earnings in the first quarter of 2023 gained 46.7%, to 0.22 euros per ADR from 0.15 a year earlier (1 euro=$1.35 Canadian)....
RAYTHEON TECHNOLOGIES CORP. $98 is a buy. The company (New York symbol RTX; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 1.5 billion; Market cap: $147.0 billion; Price-to-sales ratio: 2.2; Dividend yield: 2.4%; TSINetwork Rating: Above Average; www.rtx.com) makes commercial aircraft equipment, electronic systems for military aircraft, and guided missiles.
Revenue in the first quarter of 2023, rose 9.5%, to $17.21 billion from $15.72 billion a year earlier....
Revenue in the first quarter of 2023, rose 9.5%, to $17.21 billion from $15.72 billion a year earlier....
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 spun off its Keysight business in November 2014. Since the split, the former parent has gained 235% while the new firm is up 350%. Compare those jumps to the 101% gain for the S&P 500 Index. We feel the shares of both companies can move even higher over the next few years despite their impressive past performance.
AGILENT TECHNOLOGIES INC....
AGILENT TECHNOLOGIES INC....
KYNDRYL HOLDINGS INC. $14 is a hold. The company (New York symbol KD; Conservative Growth Portfolio; Manufacturing sector; Shares outstanding: 226.8 million; Market cap: $3.2 billion; Price-to-sales ratio: 0.2; No dividends paid; TSINetwork Rating: Extra Risk; www.kyndryl.com) took its current form on November 3, 2021, when International Business Machines Corp....
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....