Top Five Fast-Growth Stocks

The recent surge in commodity costs is a challenge to the machinery industry. This could affect Flowserve's results in the future.

Ametek (AME Quote - Cramer on AME - Stock Picks) manufactures electronic instruments and electromechanical devices. The company has operations throughout the U.S. and in more than 30 other countries. The company's Electronic Instruments segment manufactures advanced monitoring, testing, calibrating and display instruments for the process, aerospace, power and industrial markets worldwide.

The Electromechanical segment produces highly engineered electromechanical connectors for hermetic (moisture-proof) applications, specialty metals for niche markets and brushless air-moving motors, blowers and heat exchangers. The products are used in floor care and other specialty applications.

Ametek has been rated a buy since November 2002. The company's strengths include its consistent revenue, earnings per share and net income growth, as well as a solid stock performance. In addition, Ametek's minimal exposure to the housing and automobile markets could insulate it from the sluggish U.S. economy. For the first quarter of 2008, the company reported a 30.4% increase year over year in earnings, led by operational improvements and strong revenue growth of 21%.

Continuing its pattern of EPS growth over the past two years, the company again reported improved EPS from 48 cents in the first quarter of 2007 to 62 cents in the most recent quarter. Net income grew to $66.36 million from $50.90 a year ago. Furthermore, operating cash flow increased 39.0% to $77.0 million. Additionally, the company recently paid a quarterly dividend of 6 cents a share on March 31.

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