In this article, we will discuss the 10 High Growth Stocks to Buy Right Now.
On June 23, Chris Harvey of CIBC and Adam Parker of Trivariate joined CNBC’s ‘Closing Bell Overtime’ to talk about the day’s market action. Chris Harvey described the current environment as a rotational tape. He pointed out that while the equal-weighted S&P reached new highs last week and the Russell 2000 is doing so currently, only one of the Mag 7 (Apple) has made a new high in June, joined by Eli Lilly as another trillion-dollar stock reaching new highs. Harvey argued that as money exits the Mag 7, it is moving into sectors like healthcare and banks, which are breaking out. He expressed comfort in this, suggesting that money is not leaving the asset class entirely but is instead rotating to different areas. He highlighted the performance of the Russell 2000, noting it is up 43% over the last 12 months and 21% year-to-date, and has surpassed 3000 for the first time, which he views as evidence of a durable trade.
Addressing the skepticism surrounding the Russell 2000, Adam Parker noted that many people are struggling to outperform their benchmarks in the small and mid-cap space due to specific large names within those indices. He mentioned that clients are concerned about positioning around stocks like SanDisk or Micron ahead of upcoming index rebalances.
Harvey concluded by suggesting that the trend is working because investors are searching for AI alternatives, with some industrial and consumer data appearing improved. He noted that investors are currently focused on how to position themselves to avoid significant downside in the event of a sell-off in AI revenue-related stocks.
Our Methodology
We used screeners to identify 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 30% 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 23.
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 Stocks to Buy Right Now
10. Granite Construction Inc. (NYSE:GVA)
Number of Hedge Fund Holders: 42
Granite Construction Inc. (NYSE:GVA) is one of the high growth stocks to buy right now. On June 3, Granite was awarded an approximately $19 million contract by the Tahoe City Public Utility District for the initial phase of the Tahoe Cedars Water System Replacement Project. Located on the west shore of Lake Tahoe, California, the project will modernize critical infrastructure by replacing aging pipelines and system components that have operated past their intended service life.
The infrastructure upgrades include installing 15,000 linear feet of new water mains, relocating over 200 service lines, and integrating 29 fire hydrants and 200 residential water meters. These improvements aim to enhance system reliability, reduce water loss, and strengthen fire protection in the high-risk wildfire area of the Tahoe Basin with a resilient solution designed to last at least 50 years.
Construction for this initial phase is scheduled to begin in mid-June 2026 and is anticipated to be completed in October 2026. Reaching this milestone reflects strong collaboration across the project team, marking the first year of a planned four-year construction program
Granite Construction Inc. (NYSE:GVA) provides infrastructure services to public and private organizations. It provides construction and repair services for various sectors, which include airports, municipal agencies, commercial water suppliers, and more. Additionally, it sells products like asphalt concrete, liquid asphalt, and recycled materials for commercial use.
9. Hudbay Minerals Inc. (NYSE:HBM)
Number of Hedge Fund Holders: 42
Hudbay Minerals Inc. (NYSE:HBM) is one of the high growth stocks to buy right now. On June 17, Hudbay Minerals announced the pricing of $52 million in 4.50% municipal bonds to support its Copper World project in Pima County, Arizona. Issued by the Arizona Industrial Development Authority, the proceeds will be used to finance, reimburse, and refinance eligible project expenditures, with an initial mandatory tender date set for July 2, 2036.
Under the terms of the agreement, Hudbay Minerals Inc. (NYSE:HBM) and certain subsidiaries will guarantee the debt obligations, ensuring funds are available for the principal and interest payments on the bonds. The offering is expected to close on June 24, pending the satisfaction of customary closing conditions.
The bonds are being offered exclusively to qualified institutional buyers in the US and have not been registered under the US Securities Act. This financing reflects Hudbay’s ongoing investment strategy for the Copper World project, with the company maintaining its commitment to fulfilling the requirements outlined in the loan agreement.
Hudbay Minerals Inc. (NYSE:HBM) is a mining company that produces copper concentrate, molybdenum concentrate, and zinc metal. The company’s focus is on the production, discovery, and marketing of base and precious metals.
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