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.
Read More
Close
Growth Stocks Library Archives
Alimentation Couche-Tard not only adapted to the pandemic, it thrived—and the shares are now trading at all-time highs. Meanwhile, the company is entering a couple of new markets. For one, it’s rolling out electric vehicle (EV) chargers at its U.S. and Canadian stores....
MP MATERIALS CORP., $33.37, is a buy. The company (New York symbol MP; TSINetwork Rating: Extra Risk) (www.mpmaterials.com; Shares outstanding: 177.5 million; Market cap: $6.3 billion; No dividends paid) is the owner and operator of the Mountain Pass mine, the only significant rare-earth commercial mining and processing site in North America.
Rare-earth elements are used in a variety of modern devices and applications: magnets in small and large motors; glass additives and glass polishing compounds; rechargeable batteries; television and computer screens; lighting; X-ray machines; and lasers.
In the quarter ended September 30, 2022, MP Materials’ revenue shot up 24.8%, to $124.4 million from $99.8 million a year earlier....
Rare-earth elements are used in a variety of modern devices and applications: magnets in small and large motors; glass additives and glass polishing compounds; rechargeable batteries; television and computer screens; lighting; X-ray machines; and lasers.
In the quarter ended September 30, 2022, MP Materials’ revenue shot up 24.8%, to $124.4 million from $99.8 million a year earlier....
The COVID-19 pandemic resulted in short-term disruptions to elective medical procedures, and so demand for Steris’s hospital equipment. But going forward, it remains in a great position to profit from the favourable long-term trend of an aging population. And with two key acquisitions, it has expanded into lucrative new markets....
These top providers of real estate services continue to rebound from their 2020 lows as businesses and individuals adjust their properties for post-pandemic uses. We like the outlook for both, particularly as their strong market position and brands make it easier for them to pass along higher labour and other costs to their clients.
FIRSTSERVICE CORP....
FIRSTSERVICE CORP....
BOMBARDIER INC. remains a hold. The company (Toronto symbols BBD.A $42 and BBD.B $42; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 93.9 million; Market cap: $3.9 billion; Price-to-sales ratio: 0.5; Dividend suspended in February 2015; TSINetwork Rating: Speculative; www.bombardier.com) delivered 25 business jets in the quarter ended September 30, 2022, down from 27 a year earlier.
Despite the lower deliveries, Bombardier’s revenue in the quarter improved 0.4%, to $1.46 billion from $1.45 billion a year earlier (all amounts except share prices and market cap in U.S....
Despite the lower deliveries, Bombardier’s revenue in the quarter improved 0.4%, to $1.46 billion from $1.45 billion a year earlier (all amounts except share prices and market cap in U.S....
NUTRIEN LTD. $101 is a buy. The company (Toronto symbol NTR; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 538.9 million; Market cap: $54.4 billion; Price-to-sales ratio: 1.1; Dividend yield: 2.5%; TSINetwork Rating: Average; www.nutrien.com) is the world’s largest producer of agricultural fertilizers: it ships about 27 million tonnes annually.
Partly due to rising costs for fuel and energy, farmers are applying less fertilizer....
Thomson Reuters continues to benefit from a new restructuring plan, which is cutting its costs and improving the appeal of its products. Upcoming sales of its stake in the London Stock Exchange will also give it more cash to reward investors.
THOMSON REUTERS CORP....
THOMSON REUTERS CORP....
FINNING INTERNATIONAL INC. $31 is a buy. The company (Toronto symbol FTT; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 153.7 million; Market cap: $4.7 billion; Price-to-sales ratio: 0.6; Dividend yield: 3.0%; TSINetwork Rating: Above Average; www.finning.com) sells and services Caterpillar-brand heavy equipment in Western Canada, South America, the U.K....
LOBLAW COMPANIES, $112.37, is a buy. The retailer (Toronto symbol L; Shares outstanding: 325.4 million; Market cap: $36.3 billion; TSINetwork Rating: Above Average; Dividend yield: 1.4%; www.loblaw.ca) operates 1,091 supermarkets under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills....
DIEBOLD NIXDORF INC. $2.11 (www.dieboldnixdorf.com) is still a hold, but only for aggressive investors. The company is the world’s biggest maker of automated teller machines (ATMs)....