In this article, we will look at the 12 Cheap Growth Stocks to Get Rich.
Ed Yardeni, Yarden Research president, appeared on CNBC’s ‘Squawk Box’ on June 15 to talk about the latest market trends, SpaceX IPO, state of the economy, and more.
He had suggested that there could be potential for a June swoon on June 3rd, and on June 5th, the payroll employment came out a lot stronger than expected. This led everyone to conclude that the Fed would maybe move towards a tightening bias and raise interest rates sooner rather than later. However, he stated that now with the price of oil coming down with the SpaceX IPO having been done very, very well, maybe the June swoon is what happened in one day back on June 5th, when the market actually dropped by over 2.5%.
READ ALSO: 12 Best Small Cap Stocks to Buy for Long Term AND 10 Best AI Memory Stocks to Buy in 2026.
Yardeni further talked about how he has been discussing the roaring 2020s since August 2020, and to him, it sure feels like the roaring 2020s are here. This marks the seventh, not the sixth, year of the roaring 2020s, according to him, and he has been talking about 10,000 by the end of the decade, by the end of 2029.
With these broader market trends in view, let’s look at the cheap growth stocks to get rich.
Our Methodology
We used the Finviz stock screener to identify the best growth stocks with a forward P/E below 15 and then selected the top 12 stocks most popular among hedge funds as of Q1 2026, using the hedge fund sentiment data from Insider Monkey’s database. The stocks are arranged in ascending order of hedge fund sentiment.
Note: All data was recorded on June 20.
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 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).
12 Cheap Growth Stocks to Get Rich
12. Ecopetrol S.A. (NYSE:EC)
Number of Hedge Fund Holders: 16
Ecopetrol S.A. (NYSE:EC) is one of the top cheap growth stocks to get rich. Ecopetrol S.A. (NYSE:EC) announced on June 16 that the S&P Global Ratings affirmed the company’s global credit rating at BB- with a stable outlook, along with the company’s Stand-Alone Credit Profile at bb+. Management stated that the credit rating highlights S&P’s assessment as of the date hereof and is subject to change at any time.
It further reported that with respect to its stand-alone rating, S&P noted the continued strengthening of Ecopetrol’s (NYSE:EC) liquidity sources, while also highlighting that the company secured a committed credit facility of approximately USD190 million, has benefited from higher operating cash flows, and has refinanced its short-term debt maturities. Furthermore, according to S&P, Ecopetrol S.A. (NYSE:EC) is anticipated to “maintain solid leverage metrics, with an adjusted net debt-to-EBITDA ratio close to 2.0x over the coming years, supported by a favorable price environment and no significant debt increases in the short term”.
Ecopetrol S.A. (NYSE:EC) explores, develops, and produces crude oil and natural gas. Its operations are divided into the following segments: Exploration and Production, Transportation and Logistics, and Refining and Petrochemicals.
11. Credicorp Ltd. (NYSE:BAP)
Number of Hedge Fund Holders: 33
Credicorp Ltd. (NYSE:BAP) is one of the top cheap growth stocks to get rich. BofA lifted the price target on Credicorp Ltd. (NYSE:BAP) to $408 from $361 on June 15 and maintained a Buy rating on the shares. The firm stated that it is rolling over its valuation basis to 2027 and is remaining bullish on Peru banks.
In its financial results for fiscal Q1 2026, Credicorp Ltd. (NYSE:BAP) reported record high net income, which reached S/2,063 million, up 16.1% year-over-year and 30.0% quarter-over-quarter, attributed to solid results across all lines of business. ROE reached a record 21.1%, driven by broad-based business strength and favorable operating momentum. The company’s loan book rose 8.2% year-over-year, led by BCP and Mibanco, while asset quality improved with the NPL ratio at 4.3% and the Cost of Risk at 1.3%. Total loans measured in quarter-end balances rose 8.2% year-over-year, and 1.9% quarter-over-quarter, while total deposits expanded 13.3% year-over-year and 4.8% quarter-over-quarter.
Credicorp Ltd. (NYSE:BAP) is a holding company that provides financial services. The company conducts its operations through the following segments: Universal Banking, Microfinance, Insurance and Pensions, and Investment Banking and Wealth Management.
