Barron's interviews growth-stock investor B. Anthony Weber, founder of Veredus Asset Management, whose small-cap growth fund has earned an average 15.8% over the past nine years, while his large-cap growth fund turned in 18.1% over the past five. Weber says the long drought in big-cap growth is over, and even an economic slowdown won't stop its rally. Stocks he likes:
- Internet: Consumer internet traffic is growing at 58% and business traffic at 21%. Key drivers are high-def video and high-speed broadband. Cisco will supply the equipment, while Akamai will serve up the content. Amazon is the Wal-Mart of the internet; with internet sales at only 4% of total U.S. retail, it's still a growth stock.
- Mobile: Research in Motion's Blackberry, at only 1% market penetration, has plenty of room to grow. RIMM's recently announced Chinese venture could be huge.
- Infrastructure: Oil and gas marine construction company McDermott. Energy is in dire need of capacity, and even a drop to $50-60/barrel oil will not deter infrastructure investments.
- Biotech: Gilead Sciences has the best HIV franchise out there. The Street is underestimating 2008.
Commentary: Barron's Interviews Emerging Markets Guru Arjun Divecha • Barron's: Value Investor Cliff Hoover's Quality Picks • Barron's: Oil Guru Art Smith's Picks
Stocks to watch: CSCO, AKAM, RIMM, MDR, GILD, AMZN
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