Each weekday, TheStreet.com Ratings compiles a list of the top five stocks in five categories -- fast-growth, all-around value, large-cap, mid-cap and small-cap -- and publishes these lists in the Ratings section of our Web site.

This list, updated daily, is based on data from the close of the previous trading session. Today, fast-growth stocks are in the spotlight. These are stocks of companies that are projected to increase revenue and profit by at least 12% in the coming year and rank near the top of all stocks rated by our proprietary quantitative model, which looks at more than 60 factors.

The stocks must also be followed by at least one financial analyst who posts estimates on the Institutional Brokers' Estimate System. They are ordered by their potential to appreciate.

Note that no provision is made for off-balance-sheet assets such as unrealized appreciation/depreciation of investments, market value of real estate or contingent liabilities that might affect book value. This could be material for some companies with large underfunded pension plans.


Manitowoc ( MTW) manufactures and markets cranes and related products, food service equipment and marine products. It has been rated a buy since September 2005. The company demonstrates notable revenue growth, significant earnings-per-share improvement, impressive stock price appreciation and net income growth that has significantly outpaced that of the S&P 500 and its industry. Its price level is now somewhat expensive compared with the rest of its industry, but given the company's strengths, the higher price is justified.


Electronic instruments and electromechanical device manufacturer Ametek ( AME) has been rated a buy since July 2005. The company's acquisition strategy is expected to augment revenue growth, with nearly 30 acquisitions completed since 1999. In June, the company announced the acquisition of Hamilton Precision Metals, which will diversify its electromechanical segment, and two privately held aerospace businesses. The company has also invested more than $300 million in new-product initiatives over the last five years.

Ametek's second-quarter revenue was up 15.3% on the year to $519.47 million and net income increased 24.8% to $58.01 million. The principal risks to the buy rating include possible difficulties integrating acquisitions, rising raw material costs and any prolonged downturn in the aerospace and defense, heavy-vehicle and process instrumentation markets.


Designing, manufacturing and servicing electrical components and equipment for aircraft and industrial engines, Woodward Governor ( WGOV) has had a buy rating since September 2005. It demonstrates solid revenue growth, a very low debt-to-equity ratio and a largely solid financial position with reasonable debt and valuation levels. in the third quarter of fiscal 2007, its net operating cash flow increased 34.71% to $36.44 million, compared with the same period last year. The firm also exceeded the industry average cash flow growth rate of 10.64%. These strengths outweigh the company's subpar net income growth.


Valmont Industries ( VMI), which produces fabricated metal products, has been rated a buy since September 2005. The company's revenue grew 18.7% in the second quarter of 2007 compared with the year-earlier period, exceeding the industry average of 5.1%. Its debt-to-equity ratio of 0.55 is below the industry average, implying that there has been successful management of debt levels.

Valmont has demonstrated a pattern of positive EPS growth over the past two years, a trend that should continue. Powered by strong earnings and other factors, the company's stock price has increased by 58.32% over the last 12 months. However, its strengths outweigh the fact that the company is trading at a premium valuation to earnings and book value.


Turkcell Iletisim Hizmetleri ( TKC), a wireless phone company, has been rated buy since September 2005. The company's revenue increased 28.1% over a year ago to $1.50 billion, supported by strong increases in the subscriber base and minutes of usage, upward price adjustments, and the appreciation of the Turkish lira against the U.S. dollar. Net income more than tripled to $273.7 million, aided by margin expansion and lower taxes. However, Turkey is fighting high inflationary pressure and is suffering from a rising trade deficit. Also, intensifying competition in the Turkish market and introduction of MNP in 2008 could hurt customer churn rates.

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