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.
Forget relying on a market timing strategy to boost returns. Focus instead on these proven tips for successful investing.
Market timing is the practice of trying to predict future trends and turning points in stock prices. For most people, this is a wasted, if not harmful,… Read More
As awareness of sleep-related disorders increases, demand for this firm’s CPAP devices and respiratory care solutions is likely to grow. In fact, its CPAP devices remain essential.
That’s because a combination of weight-loss drugs, ELI LILLY’s pharmaceutical offering, and CPAP is optimal for treating obstructive sleep… Read More
A Member of Pat McKeough’s Inner Circle recently asked for his advice on a well-known wholesaling company that offers its retail members bargain prices.
Pat likes the firm’s consistent revenue growth over the years as well as its high membership retention rates. It also has a.. Read More
Robust military demand amidst geopolitical tensions is a key driver for this firm since the U.S. government is its top customer.
The shares have returned 26.3% in 2024 already and look set to continue that performance: the company boasts a record order backlog, giving it plenty… Read More
A Member of Pat McKeough’s Inner Circle recently asked for his advice on MercadoLibre, a rapidly-expanding e-commerce company that specalizes in 18 countries across the Latin American market.
Pat likes the company’s steady revenue rises as well as its relatively recent profitability. It’s also well-diversified in… Read More
In the wake of the COVID-19 pandemic, governments in Canada and elsewhere continue to invest in new public works projects such as roads, mass transit systems and hospitals. Those investments are fuelling strong orders for Toromont’s heavy construction equipment as well as demand for its… Read More
A Member of Pat McKeough’s Inner Circle recently asked for his advice on Johnson Controls International, a manufacturing company that creates, maintains and upgrades HVAC equipment and related systems and controls for its customers.
Pat likes the company’s increased focus on higher-margin businesses as it streamlines… Read More
Your investing plan can change as often as you need it to, but should zero in on high-quality stocks and diversification
One of the most common investment platitudes you’ll ever hear is that investors should, “have a plan (or system) and stick to it.” This is… Read More
A remarkable 6.8% revenue increase for the quarter ending March 31, 2024, has been propelled by growth in music publishing sales and a rise in recorded music sales for Warner Music Group.
The company’s strategic focus on digital platforms has paid off: digital sales now constitute… Read More
Spotting the biggest stock growth potential isn’t easy, but there are a number of key factors to look for—plus ways to cut your risk
Successful Investors know the value of high-performing growth stocks and the potential boost they give to long-term returns. After all, by definition,… Read More
During the pandemic, Domino’s 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 retaining… Read More
Here are two rules for successfully investing in speculative stocks
The odds are against you when you invest in speculative stocks and companies that are not yet making money. Some, if not many, of these companies will never make any money.
A speculative stock is a higher-risk,… Read More
A Member of Pat McKeough’s Inner Circle recently asked for his advice on Procore Technologies a software company that specializes in cloud-based construction management.
Pat likes the company’s strong revenue growth and the fact that the firm is a leader in its niche with high R&D… Read More
Gen Digital has shown a steady increase in its user base and accompanying revenue. It continues to innovate with high R&D spending to develop cutting-edge cybersecurity solutions.
A solid yield adds to the firm’s appeal as does the low valuation: the stock trades at just 12.2… 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
What is growth investing? A complement to any diversified portfolio aimed at building wealth over long periods of time
What is growth investing? Growth investing is the process of investing in companies that have above-average growth prospects. These growth stocks are firms whose earnings growth has… Read More
A Member of Pat McKeough’s Inner Circle recently asked for his advice on Warby Parker, a popular company that sells eyewear both online and in retail stores.
Pat likes the firm’s rising revenues and expanding (and more profitable) retail presence. However, Pat warns that investors should… Read More
FedEx’s strong financial health and strategic acumen are reinforced by the upward revision of its consensus earnings. Its impressive track record of surpassing earnings expectations further bolsters this sentiment.
Meanwhile, dividend growth and active share buybacks also underscore the management’s belief in the intrinsic value of… Read More
Over the last three and five years, Thomson Reuters’s shares have returned 105.1% and 173.4%, respectively. That’s dramatically better than the S&P 500’s returns of 27.7% and 92.9%.
The company’s financial stewardship is a major driving factor, as management has returned $5.8 billion to shareholders from… Read More
A Member of Pat McKeough’s Inner Circle recently asked for his advice on Savers Value Village, the largest for-profit thrift operator in the U.S. and Canada.
Pat likes the company’s consistent revenue growth and strategic positioning in the reuse economy. However, he notes it does not… Read More
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Canadian Growth Stocks:
CGI Group, CAE Inc., Fortis Inc. Stock and more.
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