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.
Stock beta ratings are of limited use, if any, in picking winning stocks.
Stock beta ratings are a commonly used measure of stock-market volatility. To calculate a stock beta, a market index like the S&P/TSX Composite Index is assigned a beta of 1.0. The historical volatility… Read More
Stantec’s stock is now up 198% since we recommended the company to our Successful Investor Aggressive Growth Portfolio (in the April 2020 issue) from our Power Growth Investor newsletter. We caught the growth trend well as the shares are up 290.6% over the last five… Read More
Yum Brands’ shares have doubled from their pandemic lows. That’s mainly because it continues to expand its popular online ordering platforms and home delivery services. The company also continues to open new outlets. Moreover, franchisees operate most of these stores, which cuts costs and lets… Read More
A Member of Pat McKeough’s Inner Circle recently asked for his advice on an industrial automation company (Rockwell Automation) active in the factory devices, software & control and lifecycle services industries.
Pat likes the company’s positioning in the electric vehicle (EV) market. The firm should also… Read More
Cyclical stocks can experience drastic swings—so use our Successful Investor approach to help pick them wisely
Cyclical stocks regularly rise and fall in price, with those movements usually tied to business or economic cycles.
All in all, though, when times are good, investors in cyclical stocks sometimes… Read More
Toromont Industries operates in a cyclical industry. This makes the company vulnerable to economic downturns, but it’s a leader in its market and that helps offset the cyclical risk.
Meanwhile, governments in Canada and elsewhere continue to invest in new public works projects such as roads,… Read More
Despite a slight dip in revenue, Warner Music Group demonstrated impressive profit growth with earnings increasing 13.7% to $141 million in the latest quarter. Growth in streaming revenue, a critical segment in today’s music industry, highlights the company’s successful adaptation to the digital landscape and… Read More
During the pandemic, Domino’s Pizza implemented savvy strategies to support its business. It’s now well-positioned to capitalize on its popular offerings to keep attracting customers.
It continues to add business in rapidly growing international markets while continuously innovating its menu offerings to attract new customers while… Read More
Cybersecurity is the practice of defending computers, servers, mobile devices, electronic systems, networks, and data from malicious attacks such as malware and phishing.
Notably, attacks are being launched with greater frequency and complexity, which will need to be matched by more sophisticated cyber defences.
As a result,… Read More
A Member of Pat McKeough’s Inner Circle recently asked for his advice on an aluminum packaging company that caters primarily to large multinational firms.
Pat likes the firm’s improved focus on its core business after it sold off its aerospace division. He also likes its strong… Read More
Like other technology firms, Twilio grew rapidly on expanding COVID-19 demand for its software. However, the stock is now down significantly from its September 2021 peak of $400.
The slide has prompted activist investors to demand the company slash costs or put itself up for sale… Read More
There is a randomness to stock market growth that can lead investors to make poor decisions if they don’t keep diversification and long-term goals in mind
When we step back from looking at the market’s day-to-day fluctuations, and instead try to figure out where stock prices… Read More
A Member of Pat McKeough’s Inner Circle recently asked for his advice on Teleflex – a medical technology company that specializes in the bloodstream/vascular and surgical areas of the industry.
Pat likes the company’s strong balance sheet and shareholder-friendly stock buyback program. The firm continues to… Read More
Dividend growth and active share buybacks underscore the management’s belief in the intrinsic value of the company, while cost-saving initiatives should further enhance profitability. In short, FedEx is a top pick for the long run.
The stock trades at 13.0 times the company’s forward earnings forecast.
FEDEX… Read More
Artificial intelligence (AI) is an example of an investment idea that could boost your investment returns—or more likely end up costing you money. All in all, we think that the biggest, surest gains from AI will come from investing in established businesses that are already… Read More
We think the healthcare industry will enjoy great success over the next decade. 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… Read More
Adobe’s shares recently dropped despite posting a bigger-than-expected jump in profits and sales in the latest quarter. That’s because it sees some near-term weakness on the horizon.
Meanwhile, the firm isn’t standing still and is investing heavily in R&D spending, which helps it maintain its… Read More
McCormick & Co’s limited 8.5% return over the last five years affirms our “Hold” call. We see better places for you to put your money even though the firm is shifting its focus toward more profitable products.
While the yield is solid, the shares trade at… Read More
On June 22, 2017, Brookfield Asset Management Inc. (now Brookfield Corp.) spun off its specialty insurance business as Trisura Group.
Today this specialty insurer is a sterling example of why we love spinoffs and the power they have to outperform their competitors. We first recommended this firm… Read More
A Member of Pat McKeough’s Inner Circle recently asked for his advice on a waste management company that’s active in the eastern U.S – Casella Waste Systems Inc.
Pat likes the company’s consistent revenue and earnings growth and the price performance (the stock has returned 133.7%… Read More
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Canadian Growth Stocks:
CGI Group, CAE Inc., Fortis Inc. Stock and more.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
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