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 iRobot (Nasdaq: IRBT), which on Tuesday fell nearly 4% on no news whatsoever. Sheesh.

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

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 that are expected to grow their earnings by at least 20% 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:


No. of CAPS Ratings

Percent Bulls

5-Year Growth Estimate

Dawson Geophysical (Nasdaq: DWSN)




IPC The Hospitalist (Nasdaq: IPCM)




Noble  (NYSE: NE)




Sutor Technology (Nasdaq: SUTR)




Activision (Nasdaq: ATVI)




Sources: Motley Fool CAPS, Yahoo! Finance.

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

There's plenty to work with here. Activision, for example. With Take-Two Interactive (Nasdaq: TTWO) rebuffing Electronic Arts for the second time, there's evidence that we've yet to see premium valuations in this sector.

Dawson Geophysical, meanwhile, has slipped some after a mixed quarter. But at 14 times forward earnings for this year, the stock appears to me enough of a bargain to compensate for the risks that come with depending on Mother Nature.

Suddenly Sutor
But I'll take China's Sutor Technology this week. The numbers for this steel manufacturer are just too compelling to ignore, as CAPS investor rickdoom explained in a pitch earlier this month:

Purely speculative, but [Sutor] definitely has the potential for huge short-term gains, much like that of China Precision Steel (CPSL) back in September of 2007. Also, [Sutor] currently trades at a much lower multiple than its peers, making it a good value play with strong upside potential. Somewhat risky, though it could very well turn out to be a big winner for 2008. We will see.

I'll add that, with a microscopic 0.32 PEG ratio for 2008, this seems to be one of those massive Chinese opportunities we keep hearing about. But I'm more interested in what you think.

Would you buy Sutor Technology at today's prices? Let us know by signing up for CAPS today. It's 100% free to participate.

See you back here next week with five more top growth stocks. Fool on!

Fool contributor Tim Beyers is ranked 15,967 out of more than 93,000 participants in CAPS, and is a regular contributor to Motley Fool Rule Breakers.

iRobot and Take-Two Interactive are Rule Breakers recommendations. Dawson Geophysical is a Motley Fool Hidden Gems pick. Activision and Electronic Arts are Stock Advisor selections. Tim didn't own shares in any companies mentioned in this article at the time of publication. The Motley Fool's disclosure policy is your portfolio's competitive advantage.