THE MARKET THIS MONTH: April is the last month in the best six-month period for stocks. The U.S. and global economies are expected to grow faster in 2014 and raise company earnings in Canada too. But the market anticipated the upturn last year. So much higher stock prices since 2009 and a long time with no ‘correction’ (market setback) are risks. Keep gradually buying high-quality dividend-paying stocks.
Best growth stocks to buy for April
CCL INDUSTRIES $93.00 (Quality rating: Conservative; TSX—CCL.B; Sector: Manufacturing; T: 416-756-8526) is profiting from the integration of businesses acquired from U.S. all-star stock Avery Dennison.
CGI GROUP $34.36 (Quality rating: Very Conservative; TSX—GIB.A; Sector: Multi; T: 514-841-3355) has a customer base diversified globally and by service requirements.
FINNING INTERNATIONAL $29.90` (Quality rating: Conservative; TSX—FTT; Sector: Resources; T: 604-331-4934) profits from resource projects and infrastructure projects in Western Canada, Latin America.
HARDWOODS DISTRIBUTION $10.75 (Quality rating: Higher Risk; TSX—HWD; Sector: Consumer; T: 604-881-1990) is profiting from recovering U.S. construction.
HIGH LINER FOODS $48.02 (Quality rating: Average TSX—HLF; Sector: Consumer; T: 902-421-7100) has significantly expanded its earnings per share in recent years.
OPEN TEXT CORP. $54.19 (Quality rating: Conservative; TSX—OTC; Sector: Multi; T: 519-888-7111) profits from Enterprise Content Management and Business Process Management.
The above stocks are currently your best buys for growth from our list of Key Stocks. They offer potential for capital gains and, except for CGI Group, pay dividends.