In this article, we will discuss the 10 High Growth NASDAQ Stocks to Buy Now.
On June 25, Ryan Detrick, Carson Group Chief Market Strategist, appeared on CNBC’s ‘Squawk Box’ to discuss the latest market trends. Noting a 20% gain since the March lows, Detrick observed that such a two-month move is historically rare, having occurred only 7 times since World War II. According to his analysis, in all 7 instances, the market was higher 3 months, 6 months, and 1 year later. While acknowledging that 7 is a small sample size, Detrick views the recent June consolidation as a perfectly normal June swoon, maintaining an optimistic outlook fueled by the resurgence of the AI trade.
Regarding the AI sector, Detrick addressed comparisons to the irrational exuberance of the late 1990s. He noted that while charts for companies like Micron, SanDisk, and Western Digital resemble those of 1999, the current bullish trend is fundamentally supported by actual financial numbers. He explained that it is different this time because the performance is backed by earnings, suggesting that the cycle has room for further growth. He also highlighted a healthy internal rotation in the market, noting that even when the S&P 500 experienced slight declines recently, the number of individual stocks advancing remained high, with financials, industrials, and health care performing well. Detrick advocated for a barbell approach, remaining slightly overweight in technology while balancing the portfolio with financials and industrials. His upcoming mid-year outlook, titled “Still Riding the Wave,” reflects his continued confidence in the current market cycle.
Looking ahead to July, Detrick noted that it is historically a strong month, often supported by the earnings season. He expects to gain more clarity soon regarding the capital expenditure and AI rollouts of large tech firms, viewing potential slowing in some areas as a net positive for the ongoing bull market. Discussing the broader economic environment, Detrick characterized the year as an inflationary growth year. While he expects inflation to hover around 3% to 3.5%, he argued that a strong economy driven by earnings and profit margins will allow the market to handle it well. He noted that services and goods inflation are rising, as evidenced by recent pricing adjustments from companies like Apple, but he views this as a sign of higher potential margins.
Against this backdrop, lets look at some high growth NASDAQ stocks to buy now.
Our Methodology
We used screeners to identify NASDAQ stocks with market caps over $2 billion that have grown their EPS by at least 20% over the past 3 years and have an expected EPS growth of at least 20% over the next 5 years. We limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Note: All data was sourced on June 25.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
10 High Growth NASDAQ Stocks to Buy Now
10. SailPoint Inc. (NASDAQ:SAIL)
Number of Hedge Fund Holders: 25
SailPoint Inc. (NASDAQ:SAIL) is one of the high growth NASDAQ stocks to buy now. On June 16, SailPoint introduced SailPoint Agentic Acceleration, an AI-powered methodology designed to rapidly transition enterprises from legacy, on-premises identity systems to the SailPoint Identity Security Cloud. By automating complex modernization tasks (such as translating legacy configurations, workflows, and policies), the process reduces deployment risks and compresses project timelines from months to days.
At the core of this methodology is the SailPoint Virtual Architect, an AI capability intended to translate legacy configurations, workflows, and policies into a deployment-ready cloud foundation. It allows organizations to visualize and validate their existing applications and processes within the cloud environment before committing to an upgrade. This approach moves beyond traditional migration models, providing a foundation for faster adoption and reduced manual engineering effort.
The service is available at no additional cost to customers upgrading from legacy platforms like IdentityIQ. By automating the foundational work, SailPoint Inc. (NASDAQ:SAIL) aims to help its partner ecosystem accelerate client transformations, allowing them to focus on addressing the evolving security challenges posed by the rise of autonomous agents in the enterprise.
SailPoint Inc. (NASDAQ:SAIL) provides an elaborate identity security platform for the enterprise, with its solutions allowing organizations to control, establish, and automate policies that allow them to attain regulatory compliance and define and maintain a robust security posture.
9. Elbit Systems Ltd. (NASDAQ:ESLT)
Number of Hedge Fund Holders: 27
Elbit Systems Ltd. (NASDAQ:ESLT) is one of the high growth NASDAQ stocks to buy now. On May 28, Elbit Systems was awarded a $350 million contract by an international customer to modernize its fleet of Main Battle Tanks/MBTs over 4 years. The upgrade program focuses on extending the service life of these vehicles and improving their combat readiness through the integration of advanced fire control, communication, and situational awareness technologies.
Key enhancements include the installation of AI-enabled electro-optical sights for superior target detection and tracking in both day and night conditions, alongside new electric gun and turret drive systems. The deal also incorporates a high-capacity secure communication suite, as well as the long-term provision of maintenance support and spare parts to ensure ongoing operational availability.
By integrating these next-generation subsystems, the project aims to significantly improve the tanks’ connectivity, lethality, and survivability on the battlefield. CEO Bezhalel Machlis noted that this contract highlights Elbit Systems’ expertise in comprehensive modernization programs, which are designed to provide military forces with a decisive operational advantage through synergistic technological upgrades.
Elbit Systems Ltd. (NASDAQ:ESLT) is an international defense and homeland security company. Operating through five segments, it provides a comprehensive range of advanced systems, including aerospace technologies, cyber intelligence, unmanned platforms, and precision munitions to government and commercial clients worldwide.
