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
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)....
Shares of Motorola Solutions are down 2% in the past year, but that’s better than the 16% drop for the S&P 500 Index. Despite the current uncertainty, we still like the company’s long-term prospects as it’s a key supplier of vital communications gear to police, fire and other first responders....
INTERNATIONAL FLAVORS & FRAGRANCES INC. $96 is a buy. The company (New York symbol IFF; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 255.0 million; Market cap: $24.5 billion; Price-to-sales ratio: 1.9; Dividend yield: 3.4%; TSINetwork Rating: Above Average; www.iff.com) makes compounds that improve the taste of food and the smell of consumer products.
IFF continues to earmark around 5% of its revenue to developing new products that help its customers satisfy consumer demand for better foods and hygiene products.
As part of that commitment, IFF recently opened a new $30-million research centre in Singapore....
YUM! BRANDS INC. $112 is a buy. The company (New York symbol YUM; Consumer Sector; Shares outstanding: 284.5 million; Market cap: $31.9 billion; Price-to-sales ratio: 4.8; Dividend yield: 2.0%; TSINetwork Rating: Average; www.yum.com) operates 53,350 restaurants in over 150 countries....
IDEXX LABORATORIES INC. $358 is still a hold. The company (Nasdaq symbol IDXX; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 83.3 million; Market cap: $29.8 billion; Price-to-sales ratio: 8.8; No dividends paid; TSINetwork Rating: Average; www.idexx.com) makes equipment that veterinarians use to detect diseases in pets and farm animals.
In the second quarter of 2022, sales rose 4.2%, to $860.5 million from $826.1 million a year earlier....