STOCK PICKS: Top 5 Fast-Growth for Aug. 11

For the full fiscal year 2008, the company again raised its earnings outlook to a range of $7.20 to $7.50 per share, from its previous expectation of $5.90 to $6.20 per share announced at the end of the previous quarter. The company is encouraged by the results from the first half of fiscal year 2008 and its continued strength in key markets, and remains confident in its ability to successfully carry out its operational excellence initiatives to increase its performance in the current global environment. Bear in mind, however, that the recent surge in commodity costs is a challenge to the machinery industry as a whole and could therefore affect Flowserve's results in the future.

DeVry(DV Quote) is an international higher education company that operates DeVry University, Ross University, Chamberlin College of Nursing, and Becker Professional Review. DeVry University offers career-oriented undergraduate and graduate programs in technology, business, and management. Classes are offered at a number of locations, as well as through DeVry University Online.

The company has been rated a buy since January 2007. DeVry's strength's can be seen in a variety of areas, such as its impressive record of earnings-per-share (EPS) growth, compelling growth in net income, revenue growth and largely solid financial position. For the third quarter of fiscal 2008, DeVry reported EPS of 53 cents per share, compared to 32 cents per share one year prior. This increase continues the company's demonstrated pattern of EPS growth over the past two years, a trend that we feel should continue. The company's third quarter net income of $38.32 million represents an increase of 67.2% when compared with the same quarter last year. DeVry also has no debt to speak of, and its revenue rose by 18.4% in the second quarter.