Growth stocks have been volatile, with tech names going through wild swings in recent weeks. The S & P 500 and the Nasdaq on Wednesday jumped to their best session since February, after both indexes dived to a low not seen since 2022 as tech stocks sold off. U.S. Federal Reserve kept interest rates unchanged on Wednesday and indicated that a rate cut could happen as soon as the next meeting in September, giving stocks a boost.
Pro asked fund managers and other investors who focus on growth stocks for some ideas. Waste Management and Republic Services Group Greg Halter, director of research at Carnegie Investment Counsel, named five stocks that he believes are poised for long-term growth. Two of them are garbage companies Waste Management and Republic Services Group . "As the saying goes, the trash must be collected," he said, adding that both firms have scale and are gaining customers along existing routes.