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
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....
TELUS INTERNATIONAL (CDA) INC. $40 is a buy for aggressive investors. The company (Toronto symbol TIXT; Aggressive Growth Portfolio; Manufacturing sector; Shares outstanding: 266.0 million; Market cap: $10.6 billion; Price-to-sales ratio: 3.4; No dividend paid; TSINetwork Rating: Average: Lowest; www.telusinternational.com) operates call centres on behalf of over 600 corporate clients in 28 countries....
Stock market volatility tends to have a larger impact on aggressive investments. However, we continue to believe that most investors can benefit from holding a portion of their well-diversified portfolios in these higher-risk stocks.
Even so, as a way of cutting your risk, we prefer higher-risk companies that are leaders in their markets....
Even so, as a way of cutting your risk, we prefer higher-risk companies that are leaders in their markets....
Nutrien shot up to a record high of $147.93 in April 2022 following Russia’s invasion of Ukraine and the imposition of economic sanctions; the near-global ban on Russian goods lifted prices for potash and other fertilizers. Still, the stock has dropped lately as producers outside of Russia increase supply to meet demand.
Over the longer term, Nutrien should continue to benefit as an expanding world population needs more and better food....
Over the longer term, Nutrien should continue to benefit as an expanding world population needs more and better food....
HONDA MOTOR CO. LTD. ADRs $27 is a buy. The automaker (New York symbol HMC; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 1.7 billion; Market cap: $45.9 billion; Price-to-sales ratio: 0.4; Divd. yield: 3.9%; TSINetwork Rating: Above Average; www.honda.com) sold 71,235 vehicles in the U.S....