Top Five Fast-Growth Stocks

Management feels that Cummins' strong first-quarter results offer proof that the company's diversification and growth strategies are working to help counteract the current economic uncertainty in the United States. Management affirmed previous fiscal 2008 forecasts of at least 12% revenue growth over fiscal 2007. Additionally, the company restated its plans to invest between $550 and $600 million in capital expenditures globally. However, the company's future results could be negatively impacted by rising commodity costs and general economic conditions.

BorgWarner (BWA - Cramer's Take - Stockpickr) develops and manufactures highly engineered components and systems for vehicle powertrain applications, including chains, turbochargers, emissions and thermal systems, drivetrain components, and torque management applications and systems. The company's products are sold worldwide, primarily to original equipment manufacturers of passenger cars, SUVs, trucks, and commercial transportation products. BorgWarner has manufacturing and technical facilities in many regions and countries, including North America, Europe, India, South Korea, Japan and Brazil.

BorgWarner has been rated a buy since February 2003. While the company is currently trading at a premium, we feel that its various strengths justify the price levels. The company reported record sales and earnings for the first quarter of fiscal 2008. Sales were up 17% from the year-ago quarter, with sales outside of the U.S. growing 15% year-over-year. Earnings per share improved 50% over the first quarter of fiscal 2007, rising from 50 cents to 75 cents. Total revenue grew 17% year over year. Additionally, the company has been very successful at managing debt levels, based on its low debt-to-equity ratio of 0.29.