Growth stocks are plenty. Veteran growth investor shares how he picks ones that can double their earnings

Some growth stocks, such as major tech companies, had a mostly good run since the start of 2023, but their performance has been unequal. The "Magnificent Seven" stocks have mostly been driving the rally in the S & P 500 . In fact, growth stocks overall had "a very difficult time" in 2022 and some funds have not made a full recovery, said Nick Griffin, chief investment officer and founding partner of Munro Partners.

There are six qualities that make a "great" growth company which can double their earnings, according to Griffin and Moore. The companies should be growing, with revenues hitting at least double that of the current GDP. Companies need to be able to take advantage of that growth. That means they should have some degree of pricing power or competitive advantage where their earnings or their EBITDA is actually growing faster than their revenues.

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