Growth stocks are companies that are likely to have sales and earnings growth well above market average. Frequently they pay few, if any, dividends. Instead they typically reinvest any extra cash flow to promote further growth. Chosen wisely—according to Pat McKeough’s advice—high-quality growth-oriented stocks can be worthwhile additions to most well-diversified portfolios.
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:
Make better stock picks when you read this FREE Special Report, Canadian Growth Stocks: WestJet Stock, RioCan Stock and More.
A Member of Pat McKeough’s Inner Circle recently asked for his advice on a holding company with property and casualty insurance holdings.
Pat likes the company’s long-term outlook as it has a diverse business model. However, its relatively recent IPO means it’s more vulnerable to downturns… Read More
A recent asset sale contributed to a 4.1% revenue drop for this company during the quarter ended March 31, 2022. But higher oil and gas prices bode well for the future.
A large order backlog and contract wins also suggest revenues and earnings are set to… Read More
A Member of Pat McKeough’s Inner Circle recently asked for his advice on a company that distributes hydroponics equipment and supplies for agriculture.
Pat likes the firm’s track record of rising sales. It also has a solid balance sheet as it looks to cash in on… Read More
With COVID-19, these shares dropped alongside the market. Now, as the economy normalizes, we think the company is well-positioned to capitalize on its popular offerings to attract dine-in, pick-up and takeout customers.
A recent initiative has expanded its takeout and delivery business and encouraged repeat customers.
Meanwhile… Read More
A Member of Pat McKeough’s Inner Circle recently asked for his advice on a fuel marketing, distribution and refinery company that also operates convenience stores at its gas stations.
Pat likes the company’s 4.2% yield and its track record of rising revenues and earnings as well… Read More
Rising interest rates and recession fears have hit technology stocks particularly hard in 2022, as investors worry a slowdown will prompt their business clients to spend less on their products.
However, those kinds of cuts would be shortsighted as the products they buy from this company… Read More
Improved sales of testing equipment led to a 5.4% revenue bump for this company during the most-recent quarter.
The firm plans to return 85% of its free cash flow to shareholders in the form of dividends and share buybacks.
Meanwhile, the stock trades at 28.4 times the… Read More
A Member of Pat McKeough’s Inner Circle recently asked for his advice on a company that specializes in both industrial automation hardware and software.
Pat likes the company’s dominant position in its sector as well as its track record of rising revenues and earnings. Growth by… Read More
The firm’s shares are down since April 2020, largely because hospitals postponed elective surgical procedures due to the COVID-19 pandemic.
But now the pandemic is easing and demand for this firm’s products is rebounding. The company’s purchase of a hospital equipment maker should also position it… Read More
Shares of this retailer have gained nearly 11% in the past year and remain close to all-time high. That gain is largely because consumers continue to eat more meals at home despite the re-opening of restaurants.
The firm will also continue to benefit from new… Read More
Investing in the top TSX companies can offer both growth and value for your holdings, especially if you target blue chip stocks in the process.
Are you interested in the top TSX companies? The TSX is the largest stock exchange in Canada and the third… Read More
A Member of Pat McKeough’s Inner Circle recently asked for his advice on a healthcare company involved with soft contact lenses and also gynecology & obstetrics medical devices.
Pat likes the track record of rising revenue as well as its recent acquisition, which should add to… Read More
Recent contract wins and government awards are propelling this company’s U.S.-based health technology plans forward.
The firm will also be building new manufacturing facilities and creating additional product lines to address key market needs, making it a top recommendation due to its earnings potential.
Meanwhile the stock… Read More
Including good stocks for long-term investment gains from the Resource section can be especially helpful in times of inflation. Learn more below.
For most investors, resource stocks should make up only a limited portion of their portfolios. That means that while we think you should maintain… Read More
The firm’s dependence on sales from restaurants and foodservice customers is a good reason why its year-to-date return remains negative and sales remain shaky.
The stock still trades at 29.2 times the company’s 2022 earnings forecast.
MCCORMICK & CO. INC. (New York symbol MKC) makes spices, seasonings… Read More
This leading software firm benefited from the significant number of people working from home during the pandemic. Going forward. we expect the remote-work trend to continue past the COVID-19 crisis and to spur rising demand for the firm’s digital conferencing software and other apps.
Meanwhile, other… Read More
Subtitle: Learn from growth investing examples and our strategies to help you target the best growth opportunities. Find out more about these strategies now.
If you want your growth investing strategy to be profitable for decades, we think you should follow our growth investing examples,… Read More
This firm acquired a top asset when it bought Firehouse Subs for $1.0 billion in December 2021. That buy is now fuelling sales and profit gains.
We recommend investors limit their aggressive holdings to no more than a third of their overall portfolio. To further cut… Read More
A Member of Pat McKeough’s Inner Circle recently asked for his advice on a company known for its chocolate and non-chocolate confectionery products.
Pat likes the company’s steady growth. It’s also diversifying with what appear to be smart acquisitions. However, he cautions that the firm faces… Read More
Improved sales of uniforms and related products led to a 10.3% revenue jump for this company during the third quarter.
We love its prospects for even higher earnings as it consolidates its operations and benefits from growing economy of scale.
Meanwhile the stock trades at 36.6 times… Read More
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Canadian Growth Stocks:
CGI Group, CAE Inc., Fortis Inc. Stock and more.
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