Are you really a growth investor?

It's worth asking. Fast-moving tech stocks have taken a beating recently, leading to a slew of bargains for those with the guts to buy.

No surprises there. Market panics occur daily. Just ask investors who hold shares of Under Armour (NYSE:UA), which on Thursday fell nearly 6% on no news whatsoever.

That's why all-star investors bet on growth over the very long term. They know that:

  1. Businesses that make investors billions always begin as growth stocks.
  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. 

How we do it
Of course, not all growth stocks will do. Our weekly hunt is for the next great multibagger. But unlike 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 our Motley Fool CAPS investor-intelligence database.

Specifically, we're looking for stocks that have earned a five-star rating in CAPS and which are expected to grow their earnings by at least 15% annually over the next five years. 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:

Company

No. of CAPS Ratings

Bullish CAPS Ratings

5-Year Growth Estimate

Net Servicos de Comunicacao (NASDAQ:NETC)

252

249

63.5%

Amtech Systems (NASDAQ:ASYS)

69

68

30.0%

InterDigital (NASDAQ:IDCC)

768

749

21.0%

ValueClick (NASDAQ:VCLK)

475

462

20.9%

Sasol (NYSE:SSL)

987

977

15.0%

Sources: Motley Fool CAPS, Yahoo! Finance.

Bear in mind that this isn't a list of recommendations. Instead, I offer these stocks as candidates for further research.

At first, memories of the spiffy-pop that aQuantive produced for our Rule Breakers subscribers had me thinking of ad-serving peer ValueClick. But I'm less enthusiastic about its growth opportunity now that Google's (NASDAQ:GOOG) purchase of DoubleClick has been approved by the Feds.

Smooth as Sasol
Instead, I decided to go with the turtle among today's hares: Sasol, a Global Gains and Income Investor recommendation based in South Africa. The integrated energy player dabbles in a variety of areas, but its bread and butter is synthetic fuels. The company is also a leader in coal-to-liquid (CTL) technology, which could prove a boon if the U.S. decides to pour financial resources into building out such infrastructure.

What does that promise cost? Not much, apparently. Sasol trades for around 10 times next year's projected earnings and sports a fat 2.6% dividend yield.

Were investing like basketball, we might say that Sasol is in triple-threat position: It can dribble to the basket, shoot, or pass the ball. Every choice gives investors a chance to score.

And there are some really outstanding stock pickers on the court with Sasol. Bill Mann, Global Gains' lead advisor, for one. Others include superstar fund managers Neil Hennessy and Thomas Soviero. Guys? Can I join you? Sasol enters my CAPS portfolio today.

But that's me. What would you do? Would you buy Sasol at current prices? Let us know by signing up for CAPS today. It's 100% free to participate.

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

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Sasol is a recommendation of both Global Gains and Income Investor. Under Armour is a Rule Breakers pick. InterDigital is a Stock Advisor selection. Take a guided tour of any of these market-beating services with a 30-day free trial. There's no obligation to subscribe.

Tim Beyers, who is ranked 10,515 out of more than 78,000 participants in CAPS, is a regular contributor to Fool.com and Rule Breakers. Tim didn't own shares in any of the companies mentioned in this article at the time of publication. Find Tim's portfolio here and his latest blog commentary here. The Motley Fool's disclosure policy is your portfolio's competitive advantage.