This year has been nothing if not volatile. Worries of a looming recession – if we’re not already in one – continue to spark fear. Additionally, the Fed recently instituted its ninth consecutive rate increase. This 25 basis point (0.25%) interest rate hike adds pressure to a financial system already troubled by various banking concerns. Yet, despite all the trouble, markets are up year-to-date, with the S&P 500 up a modest 0.8%. Several growth stocks have proven particularly resilient, providing especially strong returns.
There’s some irony there. Higher rates tend to negatively impact growth stocks overall. Last year, this was certainly true, as growth stocks lost significant value. Nevertheless, outliers are continuing to buck conventional wisdom. Let’s look at some of the more prominent names in that conversation.
This post originally appeared at InvestorPlace.