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
With COVID-19, shares of Texas Roadhouse and Chipotle dropped alongside the market. But both food chains used smart strategies to support their businesses during the pandemic. Now, as the economy normalizes, we think each is well-positioned to capitalize on its popular offerings to attract dine-in, pick-up and takeout customers....
Once again, one of our buys has attracted an acquisition bid—and it’s just the latest of many takeover gains for us over the years.
1LIFE HEALTHCARE $17.13, is now a hold. The company (Nasdaq symbol ONEM; TSINetwork Rating: Extra Risk) (www.onemedical.com; Shares outstanding: 195.8 million; Market cap: $3.4 billion; No dividends paid) is currently the subject of an $18-a-share takeover offer from Amazon.
The deal marks a big expansion of Amazon’s push into healthcare, having piloted virtual care visits for its employees in Seattle in 2019....
CORTEVA INC., $59.23, is a #1 Power Buy for your 2022 investing. The company (www.corteva.com; New York symbol CTVA; TSINetwork Rating: Extra Risk) (Shares o/s: 718.6 million; Market cap: $44.1 billion; Dividend yield: 1.0%) is now preparing to lay off about 5% of its 21,000-person global workforce as part of the broader restructuring plan for this seed and pesticide maker.
Under that reorganization, Corteva will exit from about 35 countries to focus on 110 countries....
Under that reorganization, Corteva will exit from about 35 countries to focus on 110 countries....
The plunge for many tech investments since the start of this year has hit both high-growth stocks with strong prospects as well as others with weaker outlooks. That makes it all the more important to remain wary of companies whose prospects seem unlikely to match broker/media expectations....
THERMO FISHER SCIENTIFIC INC., $525.69, is a buy. The company (New York symbol TMO; TSINetwork Rating: Average) (www.thermofisher.com; Shares o/s: 391.8 million; Market cap: $208.5 billion; Dividend yield: 0.2%) recently gained FDA clearance for advanced blood tests that can help detect wheat and sesame allergies for patients at risk of a severe allergic reaction.
The new test can help identify patients with a sesame allergy who are at risk of a severe anaphylactic reaction....
Demand for Fair Isaac’s credit scoring solutions from U.S. mortgage lenders may weaken for due to rising interest rates, but demand from automotive and personal lending clients should hold up. Meantime, it’s developing new scoring products for use in several countries, and there is plenty of room for Fair Isaac’s international business to expand....
We think ADT has a bright future—as do its big investors Google and State Farm. Google owns a 6% stake in ADT. That’s after the tech giant’s 2020 investment of $450 million in the company. ADT now offers its customers certain Google products including Internet-connected thermostats, smoke alarms and locks....
ADOBE INC., $286.30, is a buy. The company (Nasdaq symbol ADBE; TSINetwork Rating: Average) (www.adobe.com; Shares outstanding: 466.9 million; Market cap: $135.9 billion; No dividends paid) has agreed to buy collaboration-software company Figma for around $20 billion.
Figma, based in San Francisco, specializes in cloud-based collaboration tools that aim to help teams better create and build web applications....
Figma, based in San Francisco, specializes in cloud-based collaboration tools that aim to help teams better create and build web applications....
THOMSON REUTERS CORP. $148 is a buy. The company (Toronto symbol TRI; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 485.8 million; Market cap: $71.9 billion; Price-to-sales ratio: 8.4; Dividend yield: 1.6%; TSINetwork Rating: Above Average; www.thomsonreuters.com) sells specialized information (mainly through electronic channels) to professionals in the legal, and tax and accounting fields....
MOLSON COORS CANADA INC. remains a hold. The company (Toronto symbols TPX.A $71 and TPX.B $66; Conservative Growth and Income Portfolios, Consumer sector; Shares outstanding: 216.7 million; Market cap: $14.3 billion; Price-to-sales ratio: 1.1; Dividend yield: 3.0%; TSINetwork Rating: Average; www.molsoncoors.com) is the world’s fifth-largest beer brewer.
Molson’s sales in the second quarter of 2022 fell 0.6%, to $2.92 billion from $2.94 billion a year earlier (all amounts except share prices and market cap in U.S....
Molson’s sales in the second quarter of 2022 fell 0.6%, to $2.92 billion from $2.94 billion a year earlier (all amounts except share prices and market cap in U.S....