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3 Great Growth Stocks that Aren't FAANGs

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Talk of a tech bubble has some investors worried about the outsized gains in FAANG stocks, that quintuplet of fast-growing tech firms — namely Facebook (symbol FB), Amazon.com (AMZN), Apple (AAPL), Netflix (NFLX) and Google’s parent, Alphabet (GOOGL). Bubble or not, we set out to find some FAANG-less growth stocks. In fact, we set our sights beyond the tech sector altogether, in search of businesses in other corners of the market with strong growth prospects.

Although the three selections below aren’t, strictly speaking, tech companies, that doesn’t mean they don’t use technology to drive growth. These days, finding a business that doesn’t “is like finding a company that runs without electricity,” says Dan Davidowitz, a comanager of Polen Growth.

Our picks hail from the medical and retail fields. Analysts, on average, expect earnings to grow at a rate that’s faster than the 11% earnings growth rate of Standard & Poor’s 500-stock index over the next year.

Prices and data are from August 18, 2017. Click on ticker-symbol links in each slide for current prices and more.

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