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
GARMIN LTD., $95.79, is a buy. The company (Nasdaq symbol GRMN; TSINetwork Rating: Extra Risk) (Shares outstanding: 191.7 million; Market cap: $18.6 billion; Dividend yield: 3.1%) has now been selected by Archer Aviation Inc....
Canada legalized cannabis four years ago. While demand has been steady, stiff competition has cut selling prices significantly. Meanwhile, advertising restrictions and plain packaging rules make it hard to build brands that win customer loyalty. Still, we think some companies have a distinct edge—including their prospects for added sales in the U.S....
You should remain wary of stocks that attract broker/media praise for their high-profile products and their business models. Here’s an example of a stock to avoid:
SPIN MASTER CORP., $33.31, (Toronto symbol TOY; TSINetwork Rating: Extra Risk) (www.spinmaster.com; Shares o/s: 32.3 million; Market cap: $3.4 billion; Dividend yield: 0.7%) designs and markets children’s toys, games and puzzles....
SPIN MASTER CORP., $33.31, (Toronto symbol TOY; TSINetwork Rating: Extra Risk) (www.spinmaster.com; Shares o/s: 32.3 million; Market cap: $3.4 billion; Dividend yield: 0.7%) designs and markets children’s toys, games and puzzles....
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, $71.33, is suitable for your new buying. The company (New York symbol WH; TSINetwork Rating: Extra Risk) (www.wyndhamhotels.com; Shares o/s: 88.3 million; Market cap: $6.4 billion; Dividend yield: 1.8%) is the world’s largest hotel franchiser, with 836,000 rooms spread across 9,100 hotels in more than 95 countries....
WYNDHAM HOTELS & RESORTS, $71.33, is suitable for your new buying. The company (New York symbol WH; TSINetwork Rating: Extra Risk) (www.wyndhamhotels.com; Shares o/s: 88.3 million; Market cap: $6.4 billion; Dividend yield: 1.8%) is the world’s largest hotel franchiser, with 836,000 rooms spread across 9,100 hotels in more than 95 countries....
Long-time readers know that we keep you informed of important news about the stocks we cover. That means highlighting developments and plans that promise to brighten prospects for investors. Here are two buys that stand out this month:
CALIAN GROUP, $66.52, is a buy. The company (Toronto symbol CGY; TSINetwork Rating: Extra Risk) (calian.com; Shares outstanding: 11.6 million; Market cap: $759.5 million; Dividend yield: 1.7%) lets investors benefit from its four operating segments: Advanced Technologies; Health; Learning; and Information Technology & Cyber Solutions.
Ottawa-based Calian’s focus on secure Canadian government contracts continues to pay off in a big way.
In the three months ended September 30, 2022, revenue rose 25.8%, to a record $160.6 million from $127.6 million a year earlier....
CALIAN GROUP, $66.52, is a buy. The company (Toronto symbol CGY; TSINetwork Rating: Extra Risk) (calian.com; Shares outstanding: 11.6 million; Market cap: $759.5 million; Dividend yield: 1.7%) lets investors benefit from its four operating segments: Advanced Technologies; Health; Learning; and Information Technology & Cyber Solutions.
Ottawa-based Calian’s focus on secure Canadian government contracts continues to pay off in a big way.
In the three months ended September 30, 2022, revenue rose 25.8%, to a record $160.6 million from $127.6 million a year earlier....
WALT DISNEY CO., $94.15, is a buy. The company (New York symbol DIS; TSINetwork Rating: Above Average) (www.disney.com; Shares o/s: 1.8 billion; Market cap: $172.7 billion; No dividend) has replaced its chief executive Bob Chapek with Robert Iger, the former chairman and CEO who left the company at the end of last year....
Corteva’s outlook remains positive, along with its industry fundamentals. Those bright prospects are supported by rising long-term demand for agricultural products. In addition, farmers will continue to seek improved crop quality and higher yields, which ought to increase demand for Corteva’s seed and crop protection markets. It’s a Power Buy.
CORTEVA INC., $61.70, is a buy. The company (www.corteva.com; New York symbol CTVA; TSINetwork Rating: Extra Risk) (Shares o/s: 714.5 million; Market cap: $44.8 billion; Dividend yield: 1.0%) has now agreed to buy biologicals firm Stoller Group for $1.2 billion to accelerate its expansion into the growing market for nature-based crop protection products.
Stoller is a privately held, Houston-based company with operations and sales in more than 60 countries and $400 million in annual revenue....
CORTEVA INC., $61.70, is a buy. The company (www.corteva.com; New York symbol CTVA; TSINetwork Rating: Extra Risk) (Shares o/s: 714.5 million; Market cap: $44.8 billion; Dividend yield: 1.0%) has now agreed to buy biologicals firm Stoller Group for $1.2 billion to accelerate its expansion into the growing market for nature-based crop protection products.
Stoller is a privately held, Houston-based company with operations and sales in more than 60 countries and $400 million in annual revenue....
PagerDuty and Twilio were well positioned to gain during the pandemic—but since mid-2021 have dropped along with most other tech/platform stocks. Still, we think both have room to rebound as their services continue to experience strong—and growing —demand. Both are buys.
PAGERDUTY INC., $26.07, is a buy. The company (New York symbol PD; TSINetwork Rating: Extra Risk) (www.pagerduty.com; Shares outstanding: 90.0 million; Market cap: $2.3 billion; No dividends paid) operates a platform that collects real-time data from software systems and devices and then notifies its IT customers of any incident that could harm their operations.
For the three months ended October 31, 2022, revenue rose 31.3%, to $94.2 million from $71.8 million a year earlier....
PAGERDUTY INC., $26.07, is a buy. The company (New York symbol PD; TSINetwork Rating: Extra Risk) (www.pagerduty.com; Shares outstanding: 90.0 million; Market cap: $2.3 billion; No dividends paid) operates a platform that collects real-time data from software systems and devices and then notifies its IT customers of any incident that could harm their operations.
For the three months ended October 31, 2022, revenue rose 31.3%, to $94.2 million from $71.8 million a year earlier....
TOROMONT INDUSTRIES LTD. $102 is a buy. The company (Toronto symbol TIH; Aggressive Growth Portfolio; Manufacturing sector; Shares outstanding: 82.3 million; Market cap: $8.4 billion; Price-to-sales ratio: 2.1; Dividend yield: 1.5%; TSINetwork Rating: Extra Risk; www.toromont.com) distributes bulldozers, backhoe loaders and drills, including Caterpillar machinery, in eastern Canada and along the U.S....
TORONTO-DOMINION BANK $89 is a buy. The lender (Toronto symbol TD; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.8 billion; Market cap: $160.2 billion; Price-to-sales ratio: 3.6; Dividend yield: 4.3%; TSINetwork Rating: Above Average; www.td.com) recently formed a new alliance with Canada Post....