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
The Finance sector offers investors a wide variety of options beyond traditional banks. Here are two great picks to expand your holdings in this sector.
EBAY INC. $55 is a buy. The company (Nasdaq symbol EBAY; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 626.0 million; Market cap: $34.4 billion; Price to-sales ratio: 3.3; Dividend yield: 1.6%; TSINetwork Rating: Above Average; www.ebay.com) operates e-commerce websites, in over 190 countries, where sellers pay fees to auction items or offer them at fixed prices.
In June 2021, eBay sold its classified ad business to Norway’s Adevinta ASA (Over-the-counter Pink Sheets symbol ADEVF)....
TENNANT CO. $76 is still a hold. The company (New York symbol TNC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 18.5 million; Market cap: $1.4 billion; Price-to-sales ratio: 1.4; Dividend yield: 1.3%; TSINetwork Rating: Average; www.tennantco.com) makes industrial floor and street-cleaning equipment, including scrubbers, sweepers and polishers.
Tennant’s sales probably rose 10% in 2021 as more of its clients, such as retail stores, schools and sports arenas, continue to re-open following 2020’s COVID-19 shutdowns....
Tennant’s sales probably rose 10% in 2021 as more of its clients, such as retail stores, schools and sports arenas, continue to re-open following 2020’s COVID-19 shutdowns....
HOWMET AEROSPACE INC. $34 is a hold. The company (New York symbol HWM; Manufacturing & Industry sector; Shares outstanding: 418.9 million; Market cap: $14.2 billion; Price-to-sales ratio: 3.0; Dividend yield: 0.2%; TSINetwork Rating: Average; www.howmet.com) makes a variety of industrial parts, from jet engine components and fasteners to forged aluminum wheels.
A restructuring plan cut Howmet’s expenses by $130 million in 2021, which was well ahead of its $100 million target....
A restructuring plan cut Howmet’s expenses by $130 million in 2021, which was well ahead of its $100 million target....
Shares of medical device makers Becton Dickinson and Baxter have stayed in a narrow range for the past two years as the COVID-19 pandemic forced hospitals to postpone routine procedures.
Now that the pandemic is easing, we feel both companies—and their shares—are poised for solid gains over the next few years....
Now that the pandemic is easing, we feel both companies—and their shares—are poised for solid gains over the next few years....
NORTONLIFELOCK, $28.84, is a buy. The company (Nasdaq symbol NLOK; TSINetwork Rating: Extra Risk) (nortonlifelock.com; Shares o/s: 581.9 million; Market cap: $17.0 billion; Dividend yield 1.7%) continues to attract new customers as more people working from home spurs a jump in cyberattacks....
We think the drug 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 drug company to another. A volatile market like the one we expect for drug stocks will include winners and losers....
AMAZON.COM INC., $3,162.01, is a buy. The company (Nasdaq symbol AMZN; TSINetwork Rating: Average) (www.amazon.com; Shares o/s: 508.8 million; Market cap: $1.6 trillion; No divds.) has announced that it’s raising the cost of Prime membership to $139 per year, or $14.99 per month....
With onset of the COVID-19 pandemic, Texas Roadhouse dropped alongside the market. But the restaurant chain used smart strategies to rebound and climb to new highs.
We think the company is well-positioned to capitalize on its popular food offerings to keep attracting more dine-in, pick-up and takeout customers....
We think the company is well-positioned to capitalize on its popular food offerings to keep attracting more dine-in, pick-up and takeout customers....
ADT INC., $7.91, is a buy. The company (New York symbol ADT; TSINetwork Rating: Extra Risk) (www.adt.com; Shares outstanding: 767.0 million; Market cap: $6.4 billion; Dividend yield 1.8%) is now forming a joint venture with Ford Motor Co....
COLLIERS INTERNATIONAL GROUP INC. $197 remains a buy for aggressive investors. This company (Toronto symbol CIGI; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 42.7 million; Market cap: $8.4 billion; Price-to-sales ratio: 1.7; Dividend yield: 0.2%; TSINetwork Rating: Extra Risk; www.colliers.com) offers a range of services, including helping clients buy and sell commercial real estate, arranging financing, and assessing properties for tax purposes.
Readers continue to benefit from our April 2020 decision to add Colliers to our Successful Investor coverage....
Readers continue to benefit from our April 2020 decision to add Colliers to our Successful Investor coverage....