Investors generally think of growth and value stocks as occupying separate universes.

But the juiciest stocks are ones that meet the criteria for both categories, says John Dorfman, chairman of Thunderstorm Capital.

“Neither camp might like to admit it, but the best stocks chosen by managers of either stripe usually are ones that show characteristics of both growth and value,” he wrote in a Bloomberg column.

Dorfman chose five that fit the bill: Polo Ralph Lauren, Tupperware Brands, Atlas Air Worldwide Holdings, Powell Industries and J.M. Smucker.

All of them exhibit the following characteristics:

• A market capitalization of at least $500 million;

• Annual profit growth averaging at least 10 percent during the past five years;

• A price-earnings ratio of 15 or less using earnings from the trailing four quarters;

• A debt burden that is less than stockholder equity;

• And earnings that beat analyst forecasts in the most recent quarter.

Meanwhile, James Altucher, managing director of hedge fund Formula Capital, anticipates an upward surge for the entire market.

He told CNBC that the Standard & Poor’s 500 Index is headed toward 1,500, up about 40 percent from current levels. The economy has plenty of room to rise, and profits will be strong, Altucher says.

Two of his favorites are paper companies International Paper and Georgia-Pacific.

"They're seeing demand; they're raising prices. Nobody does that if they're seeing decreased demand," Altucher said.