Since then, though, last year’s winners have stumbled: Netflix shares are down more than 17% year to date, and while Amazon’s stock has recovered recently (up 6% for the year), it was down as much as 24% amid market volatility earlier this year. Both stocks have underperformed slower-growth dividend-paying companies like Johnson & Johnson JNJ 1.16% (up 14%) and Cummins CMI -0.19% (up 29%) as investors have sought safety in such “predictable growers,” says Franklin Templeton’s Don Taylor. “I would make an argument that that will continue—I don’t see that catalyst changing,” he adds.