NEW YORK (TheStreet) -- Are there quality growth stocks out there? TheStreet's Gregg Greenberg discusses a few of them with Edward Painvin, portfolio manager for the Chase Growth Fund.

Painvin's first pick is


(V) - Get Report

, which is up over 50% in the last year and, as Greenberg pointed out, is now trading at 22 times next year's earnings.

While it may seem expensive, Painvin notes that Visa controls 22% of the personal consumption market, and the move from cash and checks to plastic is only going to grow in the coming years.

Precision Castparts


is another name his fund continues to like. The company makes parts for


(BA) - Get Report

787 Dreamliner and



Of the $200 million Dreamliner, about $10 million of that cost went to parts from Precision Castparts. Painvin says production is expected to increase to 10 planes per month by the end of the year, a significant boost from the current five to seven plane rate.

The fund also likes


(ACT) - Get Report

, after its recent acquisition of

Warner Chilcott


, which should help extends its specialty brands, especially among women.

Finally, one of his favorite picks is

Thermo Fisher Scientific

(TMO) - Get Report

, despite the 70% run in the past year. While it may seem extended, Painvin said the earnings and price momentum measurements remain favorable.

He also pointed out that Thermo Fisher should add $1 to its 2014 earnings per share figure with its focus on food safety, water treatment, and scientific development. These focuses are in long-term secular trends and should continue to reward shareholders down the road.

-- Written by Bret Kenwell in Petoskey, Mich.

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Bret Kenwell currently writes, blogs and also contributes to Rocco Pendola's Weekly Options Newsletter. Focuses on short- to intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.