Investors are turning to defensive growth stocks that boast dominant positions in their respective markets. Adobe ( ADBE ): Leading productivity and design solutions for the digital media market with growing enterprise demand. Fiserv ( FISV ): Management anticipates 7% to 9% organic revenue growth and adjusted earnings per share growth of 15% to 17%. IBM ( IBM ): Guided for at least $10 billion of free-cash-flow generation and supports a generous 4.9% dividend yield. Intel ( INTC ): Strong data center and networking markets are expected to offset the downturn in PC demand. Intuitive Surgical ( ISRG ): Commands almost 80% of the global market in robotic-assisted surgeries. T-Mobile ( TMUS ): Reported industry-leading growth in postpaid and broadband customers. Vanguard Small-Cap Growth Index Fund ETF Shares ( VBK ): Offers exposure to a diversified group of small growth companies. Source: wan wei / Shutterstock.com Interest rate hikes and soaring inflation are making investors look for defensive growth stocks.
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