17 High Growth Large-Cap Stocks To Invest In

Fahad Saleem
14 min read

In This Article:

In this article, we will take a detailed look at the 17 High Growth Large-Cap Stocks To Invest In. For a quick overview of such stocks, read our article 5 High Growth Large-Cap Stocks To Invest In.

Market skeptics are on the back foot after the Federal Reserve’s indication that its battle against inflation is bearing fruit and its rate-hike spree is nearing conclusion. Market bears were growing louder in 2023 despite a huge rally driven by AI boom and strong consumer sentiment. A recession that was awaited didn’t arrive and many believe 2024 would see continued optimism, if not new highs. JPMorgan in its 2024 market outlook report said that 2024 would be the “last leg” in a long road towards normalcy in financial markets. However, JPMorgan said that investors should keep a check on their expectations :

“Analysts’ expectations show earnings growing by 11% next year, double the long-term average, while our models are estimating 5-6% growth. Dissecting the sources of earnings growth, margins could maintain stability, but revenues are likely to slow. On margins, pricing power is waning, but input costs and wages are decelerating. Interest costs remain high, but 49% of S&P 500 debt is fixed beyond 2030, with no more than 7% maturing in any calendar year until then. Many S&P 500 companies also maintain ample cash balances, which are earning meaningful interest. Therefore, interest costs as a share of profits are falling. However, disinflation, slowing economic growth and headwinds to  the consumer are likely to constrain revenues. If the U.S. economy goes into recession, profit growth would likely contract, weighing on stocks. In addition, unusually low equity volatility in 2023 could be difficult to sustain in 2024. The VIX was at 16.8 on average this year, compared to 19.5 over the last 15 years, while interest rate volatility has been elevated to early pandemic levels since the Fed began raising rates. If the U.S. economy falters, interest rate volatility could pass the baton to equities.”

Best High Growth Large Cap Stocks to Buy

Photo by Marga Santoso on UnsplashMethodology For this article we first used a stock screener to identify large-cap stocks with quarter-over-quarter sales growth of over 20% and over 5% sales growth recorded over the past five years. We then narrowed down our list to stocks from growth sectors like technology and biotechnology. From this dataset we chose 17 stocks with the highest number of hedge fund investors.

17. Coupang Inc (NYSE:CPNG)

Number of Hedge Fund Investors: 55

Ecommerce company Coupang Inc (NYSE:CPNG) in November posted Q3 results. GAAP EPS in the period came in at $0.05, missing estimates by $0.02. Revenue jumped about 21% year over year to $6.2 billion, beating estimates by $260 million.

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