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.
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WYNDHAM HOTELS & RESORTS, $71.02, is suitable for your new buying. The company (New York symbol WH; TSINetwork Rating: Extra Risk) (www.wyndhamhotels.com; Shares outstanding: 92.1 million; Market cap: $6.5 billion; Dividend yield: 1.8%) is the world’s largest hotel franchiser, with 813,000 rooms spread across 8,900 hotels in 95 countries....
CALIAN GROUP, $62.27, is a buy. The stock (Toronto symbol CGY; TSINetwork Rating: Extra Risk) (calian.com; Shares o/s: 11.3 million; Market cap: $710.2 million; Dividend yield: 1.8%) has just won a contract with the Royal Canadian Air Force (RCAF) to develop e-learning curriculum....
However, growth in that market has slowed significantly....
Despite the recent share price decline, Warner Music continues to benefit from strong demand for music-streaming services, like Spotify and Apple Music, as well as video apps such as TikTok....
There’s little doubt that the developing world’s aging population will continue to spend more on medical services for years to come. Topmedical device makers are well positioned to capture a share of that increased spending.
We continue to see attractive, long-term investment opportunities for our subscribers among the top device manufacturers....
BOMBARDIER INC....