6 stocks set for explosive growth: Top 1% fund managers in 2023

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Malaysia News News

Buy these 6 stocks now to bet on the AI revolution and other rapidly growing industries, according to the managers behind a fund that's rebounded from bottom 1% performance last year to a top 1% performance in 2023

, who've co-managed the fund since its inception in early 2004, Zackery and Dennison said they study a firm's management team, its ability to access capital, and how it's growing its revenue, earnings, and free cash flow.

As a growth investor, Zackery said he focuses on finding firms with overly conservative forward estimates. Revenue growth often gives the best view of a company's future potential, he added. Dennison added that the fund's long-term focus means it can invest in companies without earnings, provided that they're growing their bottom line, are on a path to profitability, and have a solid balance sheet.Although only a few stocks fit that mold and make it into the fund, those that do tend to stick around. The Virtus Zevenbergen Innovative Growth Stock Fund usually has 30-to-40 holdings at a time, Dennison said, and stocks stay in the portfolio for an average of over five years.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines