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Katie Rushkewicz Reichart

Katie Rushkewicz Reichart, CFA, is director of equity strategies for Morningstar.

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Although Fidelity New Millennium and Fidelity Mid-Cap Stock both earn Bronze ratings, the former can be used as a core holding, while the latter should play a smaller role in investors' portfolios.

Despite its sleepy-sounding name, T. Rowe Price Blue Chip Growth invests in plenty of aggressive growers, which has served it well in growth-led markets.

Will Danoff, manager of the $100 billion-plus Fidelity Contrafund, says that with the fund's size comes valuable research resources, influence with company management, and the necessity of taking long-term positions.