In an economic downturn, select quality growth stocks could help investors withstand a market pullback, according to Adam Parker, founder of Trivariate Research. Parker anticipates rapidly-growing businesses will outperform as the economy slows down. With this in mind, he identified a list of quality growth stocks that can remain resilient and provide growth even in tumultuous times.
The names that fell in the top third are growth stocks, said Parker. Several of Trivariate's high-quality growth picks featured large-cap tech names, including Apple and Microsoft . Microsoft shares have surged this year as the company benefits from a boom in artificial intelligence. Shares have jumped nearly 39% in 2023 as the tech juggernaut continues to build on its AI investments.