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Navellier’s crunching finds growth for cheap

Actavis Group headquarters is shown in Hafnarfjordur, Iceland, April 20, 2006.
Arnaldur Halldorsson | Bloomberg | Getty Images
Actavis Group headquarters is shown in Hafnarfjordur, Iceland, April 20, 2006.

Louis Navellier, a member of the "Squawk Box" inaugural Portfolio Challenge, said crunching the numbers for stocks that move independent of the market give him two drug companies and a Chinese retailer that will beat a volatile S&P 500 in 2015.

The chairman, CEO and CIO of Navellier & Associates uses quantitative analysis to find stocks that have strong sales and earnings outlooks, but moderate price multiples.

So strong growth for cheap.

Here are his top picks and his reasons: