Stock picks to buy: Goldman reveals 12 growth stocks at budget prices - Business Insider

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Investors are paying record amounts for stable high-growth companies. Here are 12 sleeper stocks Goldman says can deliver growth at budget prices.

, Kostin explains that the gap between the groups is actually getting wider as the economy slows. Since value stocks do best when the economy is growing very quickly or shrinking, he says, that's unlikely to change soon."During periods of modest US economic growth (e.g. 0% to 3%, investors have typically assigned a scarcity premium to growth stocks that are able to generate idiosyncratic growth in excess of the economy," he said.

He excludes companies that had suffered a stretch of poor earnings within the past five years and companies that are expected to have a bad year in 2020. The stocks below are ranked in decreasing order, based on the standard deviation of their quarterly EBITDA growth over the past 10 years. The smaller the number, the more stable that growth has been.

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