Growth investing can seem deceptively simple on the surface. In a nutshell, it involves identifying a company growing faster than the rest of the market, then betting that someone else will be willing to pay more for each dollar of earnings it generates in the future.
The challenge isn’t finding these companies. The real difficulty is twofold: Investors need confidence in both the durability of that sales growth and the likelihood that future investors will be willing to pay more per dollar of the company’s earnings. Achieving this consistently is harder than it sounds.
With that in mind, here’s a look at seven blue-chip stocks that have grown their sales at an average rate of 15% or more over the past three years.
This post originally appeared at U.S. News & World Report.