3 Long-Term Growth Stocks Every Investor Should Own

Don’t let short-term performance prevent you from long-term gains. These three growth stocks will outdo any new growth you’re considering.

| More on:
Growth from coins

Image source: Getty Images

Investing can be super fun when it works for you. Some investors are able to find those growth stocks that suddenly soar, and they can brag to friends that they bought shares when those stocks were no more than penny stocks.

But how often does that really happen? Not often enough.

That’s why we see bubbles float up to the sky and then suddenly pop with hardly a warning. Cannabis, crypto, tech — practically every industry has them. And it’s why perhaps it’s time to look at long-term growth stocks instead.

Today, that’s what I’m going to do for you. Here are three growth stocks that have been soaring for years and will continue to do so in the future.


CGI (TSX:GIB.A)(NYSE:GIB) has been climbing higher and higher over the years thanks to an investment strategy that really works for it. CGI stock is an acquisition powerhouse, buying up software companies and providing them with the tools to thrive. Then the company gets all the glory and the cash.

And so can you! CGI stock has been doing this for decades now and has nailed down this growth strategy. In the last two decades, shares are up 1,588%! That comes to a compound annual growth rate (CAGR) of 15%. Even year to date, shares are only down by 7.77%. And still, shares trade at a fair 17.6 times earnings.

CCL Industries

Another of the top growth stocks to consider is CCL Industries (TSX:CCL.B). This company has a diverse portfolio when it comes to what it can provide. It helps provide media and software solutions, but also creates labels and print materials. In more recent years, it’s expanded into packaging as well as loss-prevention solutions. And all this is provided around the world.

Shares for CCL stock are up 2,314% in the last two decades alone. That’s a CAGR of 17.24% as of writing! It continues to beat out earnings estimates and trades at a fair 19.44 times earnings. And shares are only down by 2.54% as of writing this year, so it’s a great time to pick up the stock for some rebound defence.

Alimentation Couche-Tard

Finally, I would also consider Alimentation Couche-Tard (TSX:ATD) among your growth stocks. This company has also been around for decades and has a clear path to more profits. It’s expanding throughout the world — it reaches as far as Asia. And with more commuting and retail sales going up, Alimentation stock is look for a major recovery.

Shares of the stock are up an amazing 3,134% over the last two decades. That’s an astounding 18.97% CAGR during that time period. It trades at a fair 17.54 times earnings, though it’s up 10% year to date, so you’re not getting as much of a deal.

But, frankly, who cares? If you’re looking at long-term growth stocks, this is a company that has growth in spades. Don’t let some short-term deal prevent you from long-term gains. If these three growth stocks keep at it, there’s no telling where they could soar to next.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alimentation Couche-Tard Inc. The Motley Fool recommends CCL INDUSTRIES INC., CL. B, NV and CGI GROUP INC CL A SV.

More on Investing

sale discount best price
Dividend Stocks

TFSA Investors: 2 Cheap TSX Stocks to Buy Now for Passive Income

Top TSX dividend stocks are now on sale for TFSA investors seeking passive income.

Read more »

exchange traded funds
Dividend Stocks

3 High-Yield Canadian Dividend ETFs to Buy and Hold Forever

These funds provide a all-in-one portfolio of top Canadian dividend stocks.

Read more »

close-up photo of investor Warren Buffett

3 Canadian Stocks Warren Buffett Has Owned: 1 Will Surprise You!

Warren Buffett has owned Canadian stocks like Suncor Energy (TSX:SU)(NYSE:SU) and others.

Read more »

woman data analyze

These 3 Value Stocks Are Worth 50% More Than Their Market Prices

Undervalued stocks, like RioCan REIT (TSX:REI.UN), could surge back to thier long-term averages.

Read more »

A stock price graph showing growth over time

How to Make Money in a Recession: 1 Growth Star to Buy and Hold

Alimentation Couche-Tard (TSX:ATD) stock seems way too cheap to ignore after its correction.

Read more »

Growth from coins
Dividend Stocks

Want Real Value for Money (+ Growth)? Buy These 2 TSX Stocks

Two TSX stocks with strong fundamentals and growth potential are strong buys if you want real value for money in…

Read more »

edit Business accounting concept, Business man using calculator with computer laptop, budget and loan paper in office.
Dividend Stocks

My 3 Favourite TSX Dividend Stocks Right Now

These TSX stocks have been paying dividends for decades and have growing earnings bases to support future payouts.

Read more »

A close up image of Canadian $20 Dollar bills
Dividend Stocks

2 Ultra-High-Yield Monthly Dividend Stocks in Canada to Buy Now and Hold Forever

Here are two of the best monthly dividend stocks in Canada that you can consider buying today to hold for…

Read more »