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
We think the healthcare industry will enjoy great success over the next decade. But due to the nature of the business, results will vary widely and unpredictably from one company to another. A volatile market like the one we expect for healthcare stocks will include winners and losers....
ADT INC., $8.02, is a buy. The company (New York symbol ADT; TSINetwork Rating: Extra Risk) (adt.com; Shares o/s: 856.7 million; Market cap: $7.5 billion; Yield 1.8%) is a leading provider of monitored security products and services to residential and commercial customers in the U.S....
AMAZON.COM INC., $142.10, is a buy. The company (Nasdaq symbol AMZN; TSINetwork Rating: Average) (www.amazon.com; Shares o/s: 10.2 billion; Market cap: $1.5 trillion; No divds.) is now buying Roomba maker iRobot Corp. (symbol IRBT on Nasdaq) for $1.7 billion in cash.
iRobot has an estimated 75% of the U.S....
iRobot has an estimated 75% of the U.S....
Despite its current challenges, Shopify’s long-term outlook remains sound. The company has been expanding its business in recent years to provide more services for merchants. It has developed point-of-sale hardware for retailers, launched a shopping app for its merchants to list products and created a network of fulfillment centres to ship orders for its business partners.
SHOPIFY INC., $48.13, remains a buy. The company (Toronto symbol SHOP; TSINetwork Rating: Extra Risk) (www.shopify.ca; Shares o/s: 1.2 billion; Market cap: $64.6 billion; No dividends paid) is now eliminating roughly 1,000 jobs, or 10% of its global workforce.
Shopify feels the layoffs are necessary as consumers resume old shopping habits and pull back from the online ordering that fuelled its recent rapid growth....
SHOPIFY INC., $48.13, remains a buy. The company (Toronto symbol SHOP; TSINetwork Rating: Extra Risk) (www.shopify.ca; Shares o/s: 1.2 billion; Market cap: $64.6 billion; No dividends paid) is now eliminating roughly 1,000 jobs, or 10% of its global workforce.
Shopify feels the layoffs are necessary as consumers resume old shopping habits and pull back from the online ordering that fuelled its recent rapid growth....
ResMed continues to prosper in its CPAP machine market but is also expanding quickly in out-of-hospital software solutions. These are aimed at letting healthcare agencies work more efficiently to provide individualized service to patients. This is a big growth area, and ResMed’s progress here bodes well for its share price and for its investors.
We still believe in this leader’s strong prospects and its outlook....
We still believe in this leader’s strong prospects and its outlook....
RESTAURANT BRANDS INTERNATIONAL INC. $77 is a buy. The company (Toronto symbol QSR, Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 449.1 million; Market cap: $34.6 billion; Price-to-sales ratio: 4.5; Dividend yield: 3.6%; TSINetwork Rating: Average; www.rbi.com) is the world’s third-largest fast-food operator after McDonald’s (No....
LOBLAW COMPANIES LTD. $116 is a buy. The country’s largest supermarket operator (Toronto symbol L; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 327.7 million; Market cap: $38.0 billion; Price-to-sales ratio: 0.7; Dividend yield: 1.4%; TSINetwork Rating: Above Average; www.loblaw.ca) paid $832 million for Lifemark Health Group in May 2022....
These two engineering firms continue to benefit as governments and businesses plan new infrastructure and other projects on easing of the COVID-19 pandemic. Still, Stantec remains the better choice for your new buying as SNC continues to wind down its unprofitable legacy projects.
STANTEC INC....
Dairy products maker Saputo recently began a multi-year restructuring plan to improve productivity and help it cope with rising fuel, labour and other costs. It also stands to gain as restaurants see business ramp up following COVID lockdowns. Still, the stock will likely trade in a narrow range until the company completes that restructuring.
SAPUTO INC....
HOME CAPITAL GROUP INC. $28 remains a hold. The company (Toronto symbol HCG; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 42.6 million; Market cap: $1.2 billion; Price-to-sales ratio: 2.5; Dividend yield: 2.1%; TSINetwork Rating: Speculative; www.homecapital.com) is a mortgage lender serving borrowers who fail to meet the stricter standards of Canada’s big banks and other larger, traditional lenders.
Mortgage originations in the second quarter of 2022 jumped 42.8% from a year earlier....
Mortgage originations in the second quarter of 2022 jumped 42.8% from a year earlier....