More Top Growth Stocks

We're back to help you identify promising growth stocks that may be worthy of your investment dollars. To review, we do this because:

1. Businesses that make investors billions always begin as fast growers.
2. The best of them feature massive and identifiable competitive advantages.
3. Growth as a strategy has the capacity to deliver 20% or greater annual returns for decades at a time.

And we're doing it now because there's good evidence that growth is overdue for a comeback. For example, during the last quarter, both large-cap growth and small-cap growth mutual funds beat their value-oriented peers by more than 1% each.

How we do it
But not all growth stocks will do. We're searching for the next great multibagger. Think of Chico's (NYSE:CHS) or Intuitive Surgical (NASDAQ:ISRG). But, unlike Fool co-founder David Gardner and his team at Motley Fool Rule Breakers, who scour everything from financial statements to trade magazines to clinical reports in their research, we're going to rely on the Motley Fool CAPS community intelligence database.

Specifically, we're looking for stocks that are expected to grow earnings by an average of at least 20% annually over the next five years and which have earned a five-star rating in CAPS. Five-star stocks are those that the community, on the whole, believes will outperform the S&P 500.

Let's have the list
Now, with that preamble behind us, here are five more top growth stocks:

Bear in mind that this isn't a list of recommendations. Instead, I offer these stocks as candidates for further research. Among the list, I'm most intrigued by Airspan, which provides fixed wireless broadband connectivity.

Most in our CAPS community are thrilled by the firm's potential with respect to mass adoption of WiMax as a potential replacement for cellular technology. I'm less forward-looking. You see, my home office is already served by fixed wireless at 2 megabits per second for the same price as DSL. Clearly, there are some favorable economics to this business.

What's more, fixed wireless has a natural advantage in emerging nations where existing telecom infrastructure is sparse. That's why I consider a wireless rebellion to be all but assured. But don't take my word for it. Do your own due diligence and then check in with thousands of other investors at CAPS. And, if you'd like, add your own commentary. You'll be helping your fellow Fools and testing your ideas at the same time. Click here to get started now; the service is 100% free.

See you back here next week for five more top growth stocks.

How great is growth? Three of the dozens of stocks in the market-beating Motley Fool Rule Breakers portfolio, of which Intuitive Surgical is a member, have quadrupled in two years. Care to find out which they are? Click hereto get 30 days of free access to the service.

Fool contributor Tim Beyers, ranked 1,327 out of 14,866 in Motley Fool CAPS, is a sucker for growth stocks and a regular contributor to David's Motley Fool Rule Breakers service. Tim didn't own shares in any of the companies mentioned in this story at the time of publication. Get the skinny on all of the stocks in Tim's portfolio by checking his Fool profile. The Motley Fool's disclosure policy is your portfolio's competitive advantage.