If you're new to this page, each Monday we publish an updated list of the top 25 small- and mid-cap growth stocks in the market. These companies are discovered and ranked using a quantitative screen that removes emotion and bias from the process, and which places a heavy emphasis on current and forward-looking indicators such as strong 6-month Relative Strength, fast-growing quarterly salesm and EPS, expanding margins, etc. In addition, on the Live In Play page our analysts periodically publish fundamental and technical commentary under the "GROWX" ticker on EG components that have significant news, notable technical characteristics, or are just names that we find interesting.

We'd like to emphasize that the EG system was created in order to generate new growth stock ideas every week, regardless of market conditions. As such, readers should understand that Emerging Growth was specifically designed to be an idea generation system, and not a portfolio timing system.

If you have any questions or feedback regarding Emerging Growth Stocks, please contact us at emerginggrowth@briefing.com.

There are five new additions to the Top 25 this week.

Data I/O (DAIO #3), a returning member to our rankings, is a supplier of programming systems (software and hardware) used by electronics manufacturers to design and manufacture integrated circuits (ICs), or semiconductors. Its customers tend to focus on automotive electronics, consumer electronics and Internet of Things (IoT) and are typically high-volume users of flash memory and microcontrollers. DAIO sells both manual and automated programming systems. The automotive electronics industry, in particular, is increasingly turning to DAIO's automated programming platform. DAIO has responded to this demand by increasing PSV systems manufacturing capacity by 40% since the beginning of 2016, enabling Data I/O to fully capture the automotive growth potential. The stock jumped in early May on a strong Q1 report and again in late October on an impressive Q3 report. DAIO says it has been "running on all cylinders" with Q3 reaching the highest level of quarterly revenue in 17 years. Sales of its PSV7000 product line, DAIO's most advanced automated programming system, jumped by 137% in Q3 with strong demand from Europe and the Americas. In addition to the strong current performance driven by the automotive electronics market, DAIO is very pleased in the deployment of its first SentriX Security Provisioning System. This system was placed with a European programming center. After the quarter ended, DAIO announced a collaboration with Maxim Integrated to support provisioning of Maxim's DS28C36 and DS2476 DeepCover ICs on the SentriX Platform. Things are going very well for DAIO, however, we caution that the company is a microcap (mkt cap around $100 mln) and it's tiny with 2016 revenue of just $23.4 mln. So just be cautious with it as it's speculative.

First Solar (FSLR #10) is a supplier of PV solar modules. It's the world's largest thin-film PV solar module manufacturer and one of the world's largest PV solar module manufacturers. Its thin-film technology is cheaper to make and it generates more solar electricity, up to 9% more energy than conventional crystalline silicon solar panels for the same nameplate watts. The stock jumped in late October on a huge Q3 upside result. There has been a confluence of events that has driven a recent strong bookings performance. First, global demand continues to be strong as solar becomes increasingly economical, relative to other sources of generation. Second, while not impacting the underlying demand fundamentals, FSLR has seen the Section 201 trade case in the US accelerate module procurement timing by some customers. Third, the recent surge of demand in China has created, in the near-term, a relatively tight supply of Tier 1 module manufacturers. Looking ahead, FSLR expects that the historical global module supply/demand imbalance will persist and therefore global pricing for modules should remain aggressive. Another big catalyst on the horizon is FSLR preparing to launch its Series 6 modules in 2018 and phase out its Series 4 modules. This is being seen as perhaps the most important product launch for FSLR in years. It should allow FSLR to compete better with silicon-based panels in terms of both conversion efficiency and total rated power. The Series 6 line should also have significantly lower production costs relative to its smaller form factor modules. The high cap-ex cost to switch to Series 6 production, and lower Series 4 sales volume as that product line phases out, should cause EPS to take a hit in 2018, but grow nicely in 2019-20.

FARO Technologies (FARO #14) is a manufacturer of 3D measurement and imaging tools and systems that are used for building construction, the analysis of crash, crime, and fire data, and product design and development through CAD (computer aided design) applications. Its financial results have been fairly erratic in recent years, but, it is coming off a strong 3Q17 report which featured its best topline growth since 4Q15, as well as a sharp up-tick in gross margin (57.7% from 53.6% yr ago). Over the past year, FARO has implemented a number of actions to improve its financial performance. For instance, it identified a set of specific growth markets to focus on and realigned and grew its sales force to match those markets. Also, it took steps to sell aged demonstration equipment to lower the age of its inventory, optimized its supply chain, and improved its pricing practices. This led to the impressive gross margin improvement noted above. FARO is now in its seasonally strong Q4 and the company believes it has strong momentum in its construction markets, while it has also launched and re-freshed certain product lines, including factory metrology, laser scanners, and FAROArm lines.

TRI Pointe Group (TPH #18) is a homebuilder that operates mostly in Western and Southwestern regions of the US. The company sells premium single-family homes through its portfolio of six brands across eight states, including Maracay Homes in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California and Colorado; and Winchester Homes in Maryland and Virginia. It also operates a Financial Services segment, which consists of a mortgage financing business and title service operation. After spending the first half of the 2017 in a sideways range, the stock price began showing more signs of life in July, followed by an October charge to levels not seen since early 2014. The October rally developed ahead of the company's latest earnings report, and continued after the release of above-consensus results. TPH saw a 36% increase in new home orders in Q3, driven primarily by a 9% increase in average selling communities and a 27% increase in its monthly absorption rate. TPH believes this order growth is a strong indicator of the strength in the housing market. The positive trends seen in Q3 were broad-based, with TPH's operations in California continuing to produce excellent results. TPH feels it's in position to end the year on a high note and carry that momentum into 2018.

LendingTree (TREE #21) primarily operates through its LendingTree.com segment. It's an online loan marketplace where consumers can do comparison shopping for loans. Basically, consumers visit the site and enter data about themselves and state what kind of loan they are looking for. Lenders then compete to provide loans at the best rates and TREE receives a fee for each lead. TREE does not charge consumers or small businesses anything. Revenue from its mortgage products are mostly derived from upfront match fees paid by Network Lenders that receive a loan request. TREE does not take the loan risk itself, it's more of a lead generator for lending institutions which pay a fee to TREE. Most of its business is for mortgages but it has been branching into other non-mortgage credit categories as well: home equity loans/lines of credit, personal loans, credit cards, auto loans, student loans etc. The non-mortgage side has been fueling most of TREE's growth. As recently as 2013, non-mortgage loans represented just 11% of revenue. That grew to 20% in 2014, 35% in 2015 and 43% in 2016. In 2017, non-mortgage accounted for 53% of total revenue in both Q1 and Q2 and that was bumped up to 57% in 3Q17. So you can see non-mortgage is quickly becoming a larger part of the overall business. TREE has also been active on the M&A front as it recently acquired the non-lending assets of Snap Capital, a tech-enabled online platform connecting business owners with lenders offering small business loans. It also recently acquired MagnifyMoney.com and DepositAccounts.com. TREE's stock price has been on fire. It was trading around $75 in late October 2016 and is now above $260.

Note: Click here to pull up an unformatted ticker list of our full rankings.

There are five deletions this week.

All times ET. Call times in parentheses.

• Monday, October 30
  • Earnings reports - AEIS after the close (call tomorrow at 8:30am); STRL after the close (call tomorrow at 9am).
  • Presentations & Events - None.
• Tuesday, October 31
  • Earnings reports - CMCO before the open (call at 10am); IIVI before the open (call at 9am); OSK before the open (call at 9am); MOD after the close (call tomorrow at 9am); TG after the close (no call); FORM after the close (call at 4:30pm).
  • Presentations & Events - ON presents at International Test Conference at 10am.
• Wednesday, November 1
  • Earnings reports - LFUS before the open (call at 11am); NSP before the open (call at 10am); NVMI before the open (call at 9am); Several companies report after the close with call times in parentheses: DWCH (call at 5pm), ESIO (call at 5pm), FOXF (call at 4:30pm), HF (call tomorrow at 8:30am) , HUBS (call at 4:30pm), NOVT (call at 5pm), SRCI (call tomorrow at 11am), YELP (call at 4:30pm).
  • Presentations & Events - None.
• Thursday, November 2
  • Earnings reports - Several companies report before the open with call times in parentheses: KEM (call at 9am), MIXT (call at 8am), TDY (call at 11am); Several companies report after the close with call times in parentheses: ACLS (call at 5pm), COHU (call at 4:30pm), CORT (call at 5pm), CTRL (call at 5pm), ROG (call at 5pm), TRUP (call at 4:30pm).
  • Presentations & Events - ON Roadshow, no time provided; WGO Investor Day at 8am; 
• Friday, November 3
  • Earnings reports - None.
  • Presentations & Events - IIVI Annual Meeting.

If you would like to copy and paste the EG components into your watchlist or spreadsheet, click here to pull up an unformatted ticker list.

Emerging Growth: October 30, 2017
Ranks #1-25: We begin tracking performance of new additions to the Top 25
1	Electro Scientific Industries	ESIO		$17.29		Industry:	Electronic Production Equipment
	Market Cap (mln)	Avg Vol (000)	Float (mln)	Short Int.	Price vs High	6-Mo RS	Q EPS %	Q EPS Beat	Q Rev %	Q Rev Beat
	$572	426	31	1%	98%	100	322%	111%	52%	19%
	Date Added & Original Profile:		7-Aug-17	Price Added:	$10.60	% Gain/Loss	+63%	Most Recent Analysis:		--
	ESIO is a developer and provider of complex laser-based systems for the microtechnology industry, including printed circuit boards by using drilling, scribing, dicing, cutting, and precision marking. In simple terms, ESIO's products enable manufacturers to control the power of laser light, which provides many features in consumer electronics like smart phones, wearable devices, video game systems, and HD television. From a general perspective, what has been driving ESIO's growth is that demand for advanced features and improved functionality in consumer devices continues to increase, but, at the same time, form factors for these devices is rapidly shrinking. ESIO, more specifically, has experienced robust demand for its flexible drilling products as smart mobile devices provided the catalyst. A combination of unit growth volume, more flexible circuit boards per device, and new materials created the surge in demand. As revenue growth has accelerated, so too has its profitability due to a restructuring program it initiated in February which brought in a new management team and lowered its expense base. While ESIO is clicking right now, it is important to note that its business is quite seasonal and lumpy with Q3 being one of its slower quarters. [8/7/17]
2	NL Industries	NL		$12.85		Industry:	Chemicals: Specialty
	Market Cap (mln)	Avg Vol (000)	Float (mln)	Short Int.	Price vs High	6-Mo RS	Q EPS %	Q EPS Beat	Q Rev %	Q Rev Beat
	$682	73	8	4%	89%	100	999%	--	11%	--
	Date Added & Original Profile:		23-Oct-17	Price Added:	$13.25	% Gain/Loss	-3%	Most Recent Analysis:		--
	NL Industries (NL) is a holding company that operates through its subsidiary CompX Intl and it owns a 30% stake in Kronos Worldwide (KRO), a provider of titanium dioxide, which is a whitening agent with a variety of consumer and industrial applications. CompX is divided into two units: CompX Security Products, which manufactures door locks, pin tumbler locks, disc tumbler locks, tubular locks, mailbox locks, electronic locks, and gas station security locks; and CompX Marine, which manufactures gauges, throttles, headers, and exhaust kits for boats. Over the past two months, NL has nearly doubled its stock price, surging to levels not seen since mid-2012. The rally developed in the wake of strong Q2 results, which showed growth driven by sales of security products to government customers. Higher production volumes in the Security Products unit led to higher sales and manufacturing efficiencies. Kronos also delivered strong results thanks to higher average selling prices of titanium dioxide pigments and volume growth. [10/23/17]
3	Data I/O	DAIO		$12.15		Industry:	Electronic Production Equipment
	Market Cap (mln)	Avg Vol (000)	Float (mln)	Short Int.	Price vs High	6-Mo RS	Q EPS %	Q EPS Beat	Q Rev %	Q Rev Beat
	$98	111	5	1%	100%	99	150%	--	46%	--
	Date Added & Original Profile:		30-Oct-17	Price Added:	$12.15	% Gain/Loss	+0%	Most Recent Analysis:		--
	DAIO is a supplier of programming systems (software and hardware) used by electronics manufacturers to design and manufacture integrated circuits (ICs), or semiconductors. Its customers tend to focus on automotive electronics, consumer electronics and Internet of Things (IoT) and are typically high-volume users of flash memory and microcontrollers. The automotive electronics industry, in particular, is increasingly turning to DAIO's automated programming platform. The stock jumped in early May on a strong Q1 report and again in late October on an impressive Q3 report. DAIO says it has been "running on all cylinders" with Q3 reaching the highest level of quarterly revenue in 17 years. Sales of its PSV7000 product line, DAIO's most advanced automated programming system, jumped by 137% in Q3. Things are going very well for DAIO, however, we caution that the company is a microcap (mkt cap around $100 mln) and it's tiny with 2016 revenue of just $23.4 mln. So just be cautious with it as it's speculative. [10/30/17]
4	Limelight Networks	LLNW		$4.86		Industry:	Internet Software/Services
	Market Cap (mln)	Avg Vol (000)	Float (mln)	Short Int.	Price vs High	6-Mo RS	Q EPS %	Q EPS Beat	Q Rev %	Q Rev Beat
	$535	480	106	0%	94%	98	#300%	--	17%	7%
	Date Added & Original Profile:		23-Oct-17	Price Added:	$4.97	% Gain/Loss	-2%	Most Recent Analysis:		--
	LLNW operates what it calls the Limelight Orchestrate Platform. This is a suite of offerings that enable the management and optimization of a customer's digital presence, including website, mobile, social media, gaming, large screen, and other digital channels. LLNW operates what's known as a Content Delivery Network (CDN), similar to Akamai and Level 3. The co is benefitting from the sizeable increase in online video viewership. This causes strain on the Internet's infrastructure. As such, more and more customers are seeking to avoid congestion, latency etc. As a result, more customers are turning to CDNs like LLNW to insure downloads go more smoothly. The stock jumped in late October on a strong Q3 report. Results that showed sequential improvements despite Q3 being a seasonally weak quarter. [10/23/17]
5	Amtech Systems	ASYS		$13.97		Industry:	Electronic Production Equipment
	Market Cap (mln)	Avg Vol (000)	Float (mln)	Short Int.	Price vs High	6-Mo RS	Q EPS %	Q EPS Beat	Q Rev %	Q Rev Beat
	$197	221	11	2%	90%	98	#378%	--	43%	18%
	Date Added & Original Profile:		14-Aug-17	Price Added:	$10.79	% Gain/Loss	+29%	Most Recent Analysis:		--
	ASYS is a supplier of thermal processing equipment that is used in the fabrication of solar cells, LEDs, semiconductors, MEMS, printed circuit boards, semiconductor packaging, and the polishing of newly sliced sapphire and silicon wafers. ASYS operates in a highly cyclical market, but right now it's in an upswing. ASYS is seeing the greatest improvement in the solar segment. In fact, its recent 3Q17 (Jun) report reflected the best performance for its solar unit since it peaked in late fiscal 2011. Its n-type bi-facial solar cell technologies are driving the company's participation in what appears to be a technology focused buying cycle in the solar industry. Also, its semiconductor segment revenue improved nicely in JunQ as the semiconductor and electronics industries are in a cycle of increased capital spending. Looking ahead, ASYS says it has good visibility for the coming quarters. [8/14/17]
6	Tabula Rasa Healthcare	TRHC		$26.22		Industry:	Data Processing Services
	Market Cap (mln)	Avg Vol (000)	Float (mln)	Short Int.	Price vs High	6-Mo RS	Q EPS %	Q EPS Beat	Q Rev %	Q Rev Beat
	$470	115	10	4%	92%	98	#300%	-5%	32%	7%
	Date Added & Original Profile:		21-Aug-17	Price Added:	$19.15	% Gain/Loss	+37%	Most Recent Analysis:		--
	TRHC, which made its IPO debut in Sep 2016, is a provider of medication management systems. Adverse drug events (ADEs) are especially prevalent in patients taking multiple medications. About 40% of people over age 65 take 5+ prescriptions per day. When you add non-prescription medications, many people are taking 8 pills per day. The current software used by pharmacists, electronic health records, and PBMs is 30-40 years old and does not analyze multi-drug combinations simultaneously. The stock jumped in early August on a particularly strong Q2 report. TRHC is fairly small with 2017 revenue expected in the $116-118 mln range, but it's profitable and growing nicely. From a broader perspective, TRHC is a play on the shift to value-based healthcare (and away from fee-based services). This is incentivizing providers to focus more on preventing ADEs. [8/21/17]
7	Axcelis Technologies	ACLS		$31.80		Industry:	Electronic Production Equipment
	Market Cap (mln)	Avg Vol (000)	Float (mln)	Short Int.	Price vs High	6-Mo RS	Q EPS %	Q EPS Beat	Q Rev %	Q Rev Beat
	$1,009	587	30	4%	94%	98	230%	0%	59%	3%
	Date Added & Original Profile:		16-Oct-17	Price Added:	$31.13	% Gain/Loss	+2%	Most Recent Analysis:		--
	ACLS makes ion implantation and other processing equipment used in the fabrication of semiconductor chips. Ion implantation is one of the most critical steps in the chip manufacturing process. ACLS concedes that 2016 was a challenging year as revenue declined due to lower purchasing from key memory customers, particularly in DRAM. As a result, ACLS focused a lot on R&D. As a result, its Purion ion implanters expanded significantly as the company launched several new line extensions, including the hot silicon carbide Purion M, the Purion EXE and Purion VXE. The stock has been ramping higher in recent months as ACLS says its industry is now in a period of unusually strong growth, driven by the growing IoT and data storage markets. Axcelis says it's providing customers with a strong alternative in ion implantation as the Purion product family provides customers with significant advantages in performance as measured by the angle, dose, and energy control derived from ACLS' scanned spot beam technology. [10/16/17]
8	Square	SQ		$35.33		Industry:	Information Technology Services
	Market Cap (mln)	Avg Vol (000)	Float (mln)	Short Int.	Price vs High	6-Mo RS	Q EPS %	Q EPS Beat	Q Rev %	Q Rev Beat
	$8,866	6,827	370	14%	100%	98	#188%	65%	26%	5%
	Date Added & Original Profile:		7-Aug-17	Price Added:	$25.71	% Gain/Loss	+37%	Most Recent Analysis:		--
	SQ is a provider of point-of-sale payment processing services and technology. It supplies retailers and businesses with the hardware and software needed to accept credit card and mobile transactions, generating revenue through transaction fees. Through Square Capital, it also facilitates loans to pre-qualified sellers, in which the borrower repays the balance by returning 10% of gross payment volume back to SQ until the loan is repaid. Historically, SQ's "bread and butter" has been small businesses, but, it is having more success recently landing larger businesses, which is driving gross payment volume higher. Importantly, as it has brought on larger businesses, it has maintained its transaction revenue margin, illustrating that it has not had to be overly promotive. Additionally, SQ has launched a few new products -- Scheduled Invoices, Recurring Invoices, Card on File -- making its solutions more usable and valuable, helping solidify customer retention. And lastly, Square Capital continues to be a significant catalyst as it secured $189 mln in loans in 2Q17 (+123% y/y), while keeping its loan loss rates at a reasonable 4% level. [8/7/17]
9	Winnebago Industries	WGO		$47.70		Industry:	Recreational Products
	Market Cap (mln)	Avg Vol (000)	Float (mln)	Short Int.	Price vs High	6-Mo RS	Q EPS %	Q EPS Beat	Q Rev %	Q Rev Beat
	$1,533	613	29	10%	98%	98	63%	12%	73%	3%
	Date Added & Original Profile:		25-Sep-17	Price Added:	$43.40	% Gain/Loss	+10%	Most Recent Analysis:		--
	WGO is a manufacturer of recreation vehicles (RVs). In late 2016, WGO made a large purchase when it acquired Grand Design, which makes towable RVs, for $500 mln in cash and stock. The co is excited about the acquisition of Grand Design, which significantly expands WGO's exposure to the fast-growing Towables market and it creates a broader and more balanced portfolio as Motorized still makes up the vast majority of revenue. This deal helps to balance that. Also, Grand Design has been winning market share in the fast growing towables market. On the motorized side, WGO has been doing a good deal of product-line rationalization. The stock has been quite strong since early June so it's clear that investors have been pleased with WGO's new direction. Also, interest rates have remained low and WGO should benefit as Baby Boomers are retiring. [9/25/17]
10	First Solar	FSLR		$60.40		Industry:	Electronic Components
	Market Cap (mln)	Avg Vol (000)	Float (mln)	Short Int.	Price vs High	6-Mo RS	Q EPS %	Q EPS Beat	Q Rev %	Q Rev Beat
	$6,023	2,191	77	7%	102%	98	60%	133%	58%	33%
	Date Added & Original Profile:		30-Oct-17	Price Added:	$60.40	% Gain/Loss	+0%	Most Recent Analysis:		--
	FSLR is a supplier of PV solar modules. It's the world's largest thin-film PV solar module manufacturer and one of the world's largest PV solar module manufacturers. The stock jumped in late October on a huge Q3 upside result and strong bookings as global demand continues to be strong as solar becomes increasingly economical, relative to other sources of generation. Also, FSLR has seen the Section 201 trade case in the US accelerate module procurement and there has been a recent surge of demand in China. Another big catalyst on the horizon is FSLR preparing to launch its Series 6 modules in 2018 and phase out its Series 4 modules. This is being seen as perhaps the most important product launch for FSLR in years. The high cap-ex cost to switch to Series 6 production, and lower Series 4 sales volume as that product line phases out, should cause EPS to take a hit in 2018, but grow nicely in 2019-20. [10/30/17]
11	LGI Homes	LGIH		$58.90		Industry:	Homebuilding
	Market Cap (mln)	Avg Vol (000)	Float (mln)	Short Int.	Price vs High	6-Mo RS	Q EPS %	Q EPS Beat	Q Rev %	Q Rev Beat
	$1,276	326	17	31%	100%	98	45%	10%	46%	2%
	Date Added & Original Profile:		14-Aug-17	Price Added:	$46.09	% Gain/Loss	+28%	Most Recent Analysis:		--
	LGIH is a homebuilder which focuses on entry level homebuyers. It's based just outside Houston and has a lot of exposure to the Texas market. It also sells homes in other states, including AZ, FL, GA, NM, CO, NC, SC, WA, TN. The stock has been on a strong trajectory since early June. LGIH has seen a nice expansion in its community count, which increased to 71 in Q2, up from 56 in the prior year period. Also, LGIH is seeing a lot of success with its wholesale business, meaning it's building single family homes for investment groups that plan to rent them out. Looking ahead, Q3 appears to be off to a great start. In fact, LGIH recently increased its closing guidance for 2017 from 4,700+ homes to 5,000+ homes closed. LGIH is also continuing its nationwide expansion with its first communities in Minneapolis and Winston-Salem. [8/14/17]
12	Ichor Holdings	ICHR		$30.92		Industry:	Semiconductors
	Market Cap (mln)	Avg Vol (000)	Float (mln)	Short Int.	Price vs High	6-Mo RS	Q EPS %	Q EPS Beat	Q Rev %	Q Rev Beat
	$779	700	20	4%	87%	97	107%	0%	67%	0%
	Date Added & Original Profile:		16-Oct-17	Price Added:	$32.96	% Gain/Loss	-6%	Most Recent Analysis:		--
	ICHR, which made its IPO debut in Dec 2016, is a supplier of fluid delivery subsystems, which are key elements of the process tools used to make semiconductor devices. Historically, semiconductor OEMs made their own fluid delivery subsystems, however, most OEMs now outsource to a few specialized suppliers, including Ichor. Furthermore, as devices get smaller and more feature-rich, this increases the number of process steps that a wafer must pass through, in particular, the number of etch, deposition and CMP steps. This benefits Ichor directly. The stock has been charging to new post-IPO highs as ICHR benefits from this outsourcing trend. ICHR reported robust Q2 earnings in August, saying that it’s seeing increased demand across all product lines and it increased production capacity in early 2017 to meet demand levels. Then, in early October, Ichor announced a substantial agreement to produce liquid delivery systems for one of its key customers. This has acted as a nice tailwind. All in all, its business is very strong right now. [10/16/17]
13	KEMET	KEM		$23.76		Industry:	Electronic Components
	Market Cap (mln)	Avg Vol (000)	Float (mln)	Short Int.	Price vs High	6-Mo RS	Q EPS %	Q EPS Beat	Q Rev %	Q Rev Beat
	$1,189	2,332	41	6%	87%	97	450%	62%	47%	-3%
	Date Added & Original Profile:		21-Aug-17	Price Added:	$19.61	% Gain/Loss	+21%	Most Recent Analysis:		--
	KEM makes capacitors for use with power electronic devices. The company's business is divided into three segments. Solid Capacitors and Film & Electrolytic are the company's legacy segments while the third segment—Magnetic Sensors and Actuators—was added in the most recent quarter. Products sold through the Solid Capacitor segment include ceramic and tantalum capacitors, which are used in integrated circuits. Capacitors represent the largest market among passive components. The company's Film & Electrolytic segment provides film, paper, and electrolytic capacitors. Kemet's capacitors can be used for motor starts, power conditioning, electromagnetic interference filtering safety, and inverters. Shares of Kemet have had a banner run so far in 2017, having surged nearly 200% to a level not seen since late 2007. On August 2, the company beat earnings expectations for its JunQ and issued upbeat guidance. [8/21/17]
14	FARO Technologies	FARO		$51.05		Industry:	Electronic Equipment/Instruments
	Market Cap (mln)	Avg Vol (000)	Float (mln)	Short Int.	Price vs High	6-Mo RS	Q EPS %	Q EPS Beat	Q Rev %	Q Rev Beat
	$773	109	16	4%	107%	97	43%	--	13%	1%
	Date Added & Original Profile:		30-Oct-17	Price Added:	$51.05	% Gain/Loss	+0%	Most Recent Analysis:		--
	FARO is a manufacturer of 3D measurement and imaging tools and systems that are used for building construction, the analysis of crash, crime, and fire data, and product design and development through CAD (computer aided design) applications. Its financial results have been fairly erratic in recent years, but, it is coming off a strong 3Q17 report which featured its best topline growth since 4Q15, as well as a sharp up-tick in gross margin (57.7% from 53.6% yr ago). Over the past year, FARO has implemented a number of actions to improve its financial performance. For instance, it identified a set of specific growth markets to focus on and realigned and grew its sales force to match those markets. Also, it took steps to sell aged demonstration equipment to lower the age of its inventory, optimized its supply chain, and improved its pricing practices. This led to the impressive gross margin improvement noted above. FARO is now in its seasonally strong Q4 and the company believes it has strong momentum in its construction markets, while it has also launched and re-freshed certain product lines, including factory metrology, laser scanners, and FAROArm lines. [10/301/7]
15	Bitauto Holdings	BITA		$46.04		Industry:	Internet Software/Services
	Market Cap (mln)	Avg Vol (000)	Float (mln)	Short Int.	Price vs High	6-Mo RS	Q EPS %	Q EPS Beat	Q Rev %	Q Rev Beat
	$3,372	1,037	22	#VALUE!	85%	97	20%	9%	50%	16%
	Date Added & Original Profile:		22-May-17	Price Added:	$32.88	% Gain/Loss	+40%	Most Recent Analysis:		--
	BITA operates automobile listing websites in China via its bitauto.com (new cars) and taoche.com (used cars) websites. BITA has three operating segments: advertising & subscriptions (48% of revs), transaction services (40%) and digital marketing (11%). With it's A&S segment, auto dealers pay BITA to list their vehicles and to place ads on their websites and set up online showrooms. Its transaction services unit focuses on helping consumers get financing to purchase a new car. BITA also gets involved with trade-ins and insurance. And finally, its digital marketing segment is sort of like an online ad agency. It helps dealers create digital ads and make ad buys (on BITA sites and elsewhere). The stock has been making a strong move since early March when BITA reported a huge Q4 beat which was followed up with a solid Q1 report in mid-May. [5/22/17]
16	Corcept Therapeutics	CORT		$18.84		Industry:	Pharmaceuticals: Other
	Market Cap (mln)	Avg Vol (000)	Float (mln)	Short Int.	Price vs High	6-Mo RS	Q EPS %	Q EPS Beat	Q Rev %	Q Rev Beat
	$2,114	1,513	100	7%	91%	96	900%	60%	80%	9%
	Date Added & Original Profile:		7-Aug-17	Price Added:	$14.84	% Gain/Loss	+27%	Most Recent Analysis:		--
	CORT is a pharmaceutical company that focuses on drugs that treat severe metabolic, oncologic and psychiatric disorders by modulating the effects of cortisol, a steroid hormone. CORT's only product at this point is Korlym, a cortisol modulator that was the first FDA-approved treatment for patients with Cushing's syndrome. The number of patients receiving Korlym and the number of physicians prescribing the medication have been seeing very good growth. CORT says it's not seeing any leveling off in this growth. In fact, many endocrinologists have yet to prescribe Korlym, so there should be more upside there as they come on board in the future. In the next few quarters, CORT expects to significantly enlarge its cortisol modulation platform. [8/7/17]
17	Kronos Worldwide	KRO		$26.01		Industry:	Chemicals: Specialty
	Market Cap (mln)	Avg Vol (000)	Float (mln)	Short Int.	Price vs High	6-Mo RS	Q EPS %	Q EPS Beat	Q Rev %	Q Rev Beat
	$3,124	426	22	13%	96%	96	750%	342%	26%	7%
	Date Added & Original Profile:		23-Oct-17	Price Added:	$26.22	% Gain/Loss	-1%	Most Recent Analysis:		--
	KRO is a major producer of titanium dioxide pigments, or TiO2, a base industrial product used in a wide range of applications. TiO2 is a white inorganic pigment used in a wide range of products for its exceptional durability and its ability to impart whiteness, brightness and opacity. TiO2 is used in paints, coatings, sunscreen, food, cosmetics, plastics and paper. It's a mature industry but demand for TiO2 has generally been driven by worldwide GDP and has generally increased with rising standards of living in various regions of the world. There is little analyst coverage and KRO does not hold conference calls so there is not a lot of information available. However, the stock has made an impressive run over the past year as TiO2 prices have been rising since the start of 2017. After hitting a multi-year high in June 2017, TiO2 prices have begun to ease a bit but are still pretty robust. [10/23/17]
18	TRI Pointe Group	TPH		$17.45		Industry:	Homebuilding
	Market Cap (mln)	Avg Vol (000)	Float (mln)	Short Int.	Price vs High	6-Mo RS	Q EPS %	Q EPS Beat	Q Rev %	Q Rev Beat
	$2,592	1,775	147	14%	101%	96	118%	8%	23%	2%
	Date Added & Original Profile:		30-Oct-17	Price Added:	$17.45	% Gain/Loss	-0%	Most Recent Analysis:		--
	TRI Pointe Group (TPH) is a homebuilder that operates mostly in Western and Southwestern regions of the US. The company sells premium single-family homes through its portfolio of six brands across eight states, including Maracay Homes in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California and Colorado; and Winchester Homes in Maryland and Virginia. It also operates a Financial Services segment, which consists of a mortgage financing business and title service operation. After spending the first half of the 2017 in a sideways range, the stock price began showing more signs of life in July, followed by an October charge to levels not seen since early 2014. The October rally developed ahead of the company's latest earnings report, and continued after the release of above-consensus results. TPH saw a 36% increase in new home orders in Q3, driven primarily by a 9% increase in average selling communities and a 27% increase in its monthly absorption rate. TPH believes this order growth is a strong indicator of the strength in the housing market. The positive trends seen in Q3 were broad-based, with TPH's operations in California continuing to produce excellent results. TPH feels it's in position to end the year on a high note and carry that momentum into 2018. [10/30/17]
19	Green Dot	GDOT		$55.88		Industry:	Finance/Rental/Leasing
	Market Cap (mln)	Avg Vol (000)	Float (mln)	Short Int.	Price vs High	6-Mo RS	Q EPS %	Q EPS Beat	Q Rev %	Q Rev Beat
	$2,873	388	45	3%	98%	96	104%	36%	28%	7%
	Date Added & Original Profile:		28-Aug-17	Price Added:	$47.91	% Gain/Loss	+17%	Most Recent Analysis:		--
	GDOT is the largest provider of prepaid debit cards. It offers general purpose reloadable (GPR) card accounts, checking accounts, open-loop gift cards and secured credit cards. GDOT also operates a bank called Green Dot Bank, which serves as the card's issuer. GDOT says millions of customers are attracted to its prepaid card and checking accounts because they're super easy to get in stores and online. Green Dot makes the point that its bank holding company is the crown jewel of its platform. It took many years to develop but it's now propelling the convergence of banking and payments. And GDOT says the really cool part is that other companies can use its platform. Of note, Apple announced in June that it will bring the ability to make and receive person to person payments with friends and family to Apple Pay users this fall. Green Dot will perform several roles to help facilitate this new capability. The stock has had a strong 2017 as it has nearly doubled since the beginning of the year. It jumped in early August on a very strong Q2 report. [8/28/17]
20	Trupanion	TRUP		$27.56		Industry:	Specialty Insurance
	Market Cap (mln)	Avg Vol (000)	Float (mln)	Short Int.	Price vs High	6-Mo RS	Q EPS %	Q EPS Beat	Q Rev %	Q Rev Beat
	$837	172	21	22%	95%	93	#133%	--	28%	1%
	Date Added & Original Profile:		10-Oct-17	Price Added:	$27.77	% Gain/Loss	-1%	Most Recent Analysis:		--
	TRUP is a provider of medical insurance plans for cats and dogs. Its growing and loyal member base provides TRUP with highly predictable and recurring revenue. Its target market is large and underpenetrated. TRUP says pet owners are often surprised by the cost of vet care and can be financially unprepared if their beloved pets become injured or ill. TRUP offers a simple, fair and comprehensive medical plan that pays 90% of veterinary costs for injury and illness claims, has no payout limits, has few exclusions and can be used at any vet practice the owner chooses. TRUP says its members are very loyal, as evidenced by its 98.5% average monthly retention rate since 2010. The stock has been making a strong run since reporting impressive Q2 results in early August with 1H17 revenue rising 28% YoY to $113 mln. [10/10/17]
21	LendingTree	TREE		$265.30		Industry:	Finance/Rental/Leasing
	Market Cap (mln)	Avg Vol (000)	Float (mln)	Short Int.	Price vs High	6-Mo RS	Q EPS %	Q EPS Beat	Q Rev %	Q Rev Beat
	$3,189	188	7	18%	98%	96	27%	-14%	81%	9%
	Date Added & Original Profile:		30-Oct-17	Price Added:	$265.30	% Gain/Loss	+0%	Most Recent Analysis:		--
	TREE operates an online loan marketplace where consumers can do comparison shopping for loans. TREE does not take the loan risk itself, it's more of a lead generator for lending institutions which pay a fee to TREE. Most of its business is for mortgages but it has been branching into other non-mortgage credit categories as well: home equity loans/lines of credit, personal loans, credit cards, auto loans, student loans etc. The non-mortgage side has been fueling most of TREE's growth. As recently as 2013, non-mortgage loans represented just 11% of revenue. That grew to 20% in 2014, 35% in 2015 and 43% in 2016. In 2017, non-mortgage accounted for 53% of total revenue in both Q1 and Q2 and that was bumped up to 57% in 3Q17. So you can see non-mortgage is quickly becoming a larger part of the overall business. TREE's stock price has been on fire. It was trading around $75 in late October 2016 and is now above $260. [10/30/17]
22	Atlassian	TEAM		$47.50		Industry:	Information Technology Services
	Market Cap (mln)	Avg Vol (000)	Float (mln)	Short Int.	Price vs High	6-Mo RS	Q EPS %	Q EPS Beat	Q Rev %	Q Rev Beat
	$4,383	913	226	5%	93%	96	20%	31%	42%	4%
	Date Added & Original Profile:		23-Oct-17	Price Added:	$48.53	% Gain/Loss	-2%	Most Recent Analysis:		--
	TEAM is a cloud software developer focused on creating collaboration platforms for organizing, discussing, and completing shared work. Its products help software development teams work with non-development teams involved with software innovation. One quality that distinguishes TEAM from other cloud software developers is that it doesn't use an army of sales people to sell its software. Rather, it implements a self-service model in which it distributes products online, where users can test and use the products without the need for assistance. Consequently, its sales & marketing expense is far lower than most cloud software companies, allowing for it to drive strong profits. On the demand side, TEAM has been gaining new customers at a fast clip (+ 4,246 in last qtr) due to a couple drivers. First, in 1Q18, it benefitted from a one-time increase from Bitbucket Cloud price changes it made in May as it moved from a tiered pricing model to a per-user model. This had the effect of converting some organizations into paying customers. Secondly, and more importantly, TEAM continues to see strong demand across its product line, and most notably, its core JIRA product for planning, tracking, and managing projects. During its 1Q18 conference call (10/19), management commented that momentum for JIRA continues to be great and that it continues to be very pleased with the traction it is seeing. [10/23/17]
23	YY, Inc.	YY		$88.31		Industry:	Internet Software/Services
	Market Cap (mln)	Avg Vol (000)	Float (mln)	Short Int.	Price vs High	6-Mo RS	Q EPS %	Q EPS Beat	Q Rev %	Q Rev Beat
	$3,792	1,509	37	2%	90%	95	53%	22%	27%	3%
	Date Added & Original Profile:		17-Jul-17	Price Added:	$65.79	% Gain/Loss	+34%	Most Recent Analysis:		--
	YY is a China-based live streaming platform. The co started with online games in 2005, but has gradually expanded into music and entertainment, live game broadcasting and online dating. Users host and participate in these channels, creating their own content to share with other users. Almost all content on the YY platform is user-generated. User behavior evolves and new trends emerge over time. Many users use YY to socialize and make friends, while some have turned YY into a virtual stage to showcase their singing talent or share their knowledge and expertise. Its primary live streaming platforms are YY Live and Huya broadcasting. In June 2016, the company revamped its online music and entertainment live streaming services to YY Live. The stock has been on a nice uptrend since mid-April. In its Q1 report in mid-May, YY said that its live streaming business continued to witness significant growth. [7/17/17]
24	Yelp	YELP		$46.71		Industry:	Internet Software/Services
	Market Cap (mln)	Avg Vol (000)	Float (mln)	Short Int.	Price vs High	6-Mo RS	Q EPS %	Q EPS Beat	Q Rev %	Q Rev Beat
	$3,714	1,402	74	9%	100%	94	800%	--	20%	2%
	Date Added & Original Profile:		14-Aug-17	Price Added:	$42.57	% Gain/Loss	+10%	Most Recent Analysis:		--
	YELP is one of the world's largest local business review sites. Consumers share their everyday local business experiences, through reviews, tips, photos and videos. The stock jumped in early Aug partly on a strong Q2 report but more so on the announcement of a significant deal with GrubHub (GRUB). Yelp will sell Eat24 to GrubHub for $287.5 mln in cash. In addition, Yelp and GrubHub will enter into a long-term partnership in which Yelp will integrate online ordering from all GrubHub restaurants into Yelp's platform. The partnership is good for Yelp because it adds tens of thousands of order-ready restaurants to the Yelp Platform and increases the availability of food delivery via Yelp. On a final note, Yelp bought Eat24 for $134 mln in cash and stock in February 2015 and just 2+ years later, they are selling it at more than a 100% profit, so Yelp shareholders were happy to see that. [8/14/17]
25	Cutera	CUTR		$37.85		Industry:	Medical Specialties
	Market Cap (mln)	Avg Vol (000)	Float (mln)	Short Int.	Price vs High	6-Mo RS	Q EPS %	Q EPS Beat	Q Rev %	Q Rev Beat
	$546	169	13	3%	85%	94	#244%	160%	32%	13%
	Date Added & Original Profile:		21-Aug-17	Price Added:	$33.90	% Gain/Loss	+12%	Most Recent Analysis:		--
	CUTR is a medical device company focused on developing aesthetics products used for body-sculpting, hair and tattoo removal, deep tissue healing, and the treatment of pigmented lesions. Its financial results can be erratic and unpredictable, but, it has put together solid back-to-back quarters, largely driven by its newly launched truSculpt 3D body-sculpting system -- its largest revenue contributor in 2Q17. Launched mid-quarter, truSculpt uses a controlled radio frequency technology to deliver heating of tissue that improves dimension, definition, and depth of the treated area. The success of this new product also helped drive gross margin higher as it targets 60% by 4Q17. CUTR is already set to launch a new version of this product in Q4, which will be a hands-free offering that has received FDA clearance. From a broader view, the global aesthetics market continues to be strong, growing at a steady pace, projected to exceed $2.5 billion this year. With the new product launches and the healthy market, CUTR also recently authorized an additional $25 million to its stock buy-back program. [8/21/17]
Ranks #26-100: We continue to track performance until they drop below Rank #100
Rank	Name	Ticker	Industry		Mkt Cap	6-Mo RS	Q EPS %	Q Rev %	Date Added	% Gain/Loss
#26	MKS Instruments	MKSI	Electronic Equipment		$5,799	95	77%	28%	--	--
#27	Rush Enterprises	RUSHA	Wholesale Distributors		$1,599	95	95%	15%	--	--
#28	Diodes	DIOD	Semiconductors		$1,719	95	80%	12%	--	--
#29	ON Semiconductor	ON	Semiconductors		$8,747	95	64%	52%	--	--
#30	Nam Tai Property	NTP	Electronic Equipment		$440	95	#186%	24%	--	--
#31	NV5 Global	NVEE	Commercial Services		$611	95	47%	50%	2-Oct-17	3%
#32	Polaris Industries	PII	Recreational Products		$7,436	95	192%	25%	--	--
#33	Cohu,	COHU	Electronic Equipment		$703	95	118%	23%	--	--
#34	Advanced Energy	AEIS	Electronic Equipment		$3,765	94	67%	40%	--	--
#35	Entegris,	ENTG	Electronic Equipment		$4,567	94	67%	20%	--	--
#36	Sterling Construction	STRL	Engineering & Construction		$418	94	44%	30%	18-Sep-17	3%
#37	Envestnet	ENV	Financial Publishing/Services		$2,340	94	38%	18%	25-Sep-17	4%
#38	Interactive Brokers	IBKR	Investment Banks/Brokers		$3,830	96	47%	37%	--	--
#39	Brooks Automation	BRKS	Electronic Equipment		$2,326	93	125%	23%	--	--
#40	MINDBODY	MB	Internet Software/Services		$1,390	93	#111%	32%	--	--
#41	Modine Manufacturing	MOD	Auto Parts: OEM		$1,060	93	86%	48%	10-Oct-17	0%
#42	Vishay Intertechnology	VSH	Electronic Components		$2,875	93	68%	15%	--	--
#43	Oshkosh Corp	OSK	Trucks/Construction		$6,811	93	63%	17%	--	--
#44	Rogers	ROG	Electronic Components		$2,640	93	51%	28%	--	--
#45	Thor Industries	THO	Recreational Products		$7,097	93	44%	50%	--	--
#46	Tivity Health	TVTY	Medical/Nursing Services		$1,821	93	53%	10%	--	--
#47	Control4	CTRL	Electronic Equipment		$712	93	39%	15%	13-Feb-17	82%
#48	Skechers	SKX	Apparel/Footwear		$4,410	93	40%	16%	--	--
#49	GrubHub	GRUB	Internet Software/Services		$5,185	93	22%	32%	--	--
#50	FLIR Systems	FLIR	Aerospace & Defense		$6,472	93	18%	15%	--	--
#51	Cabot Microelectronics	CCMP	Industrial Specialties		$2,433	93	18%	11%	--	--
#52	Silicon Laboratories	SLAB	Semiconductors		$3,997	93	17%	12%	--	--
#53	AppFolio	APPF	IT Services		$621	92	#367%	37%	24-Jul-17	29%
#54	Carpenter Tech	CRS	Metal Fabrication		$2,354	92	#713%	23%	--	--
#55	58.com	WUBA	Internet Software/Services		$7,634	92	440%	29%	21-Aug-17	0%
#56	Nova Measuring	NVMI	Electronic Equipment		$842	92	369%	58%	--	--
#57	FormFactor	FORM	Electronic Equipment		$1,280	92	208%	73%	--	--
#58	Yirendai	YRD	Internet Software/Services		$2,617	92	98%	57%	24-Jul-17	17%
#59	Mercer Intl	MERC	Pulp & Paper		$907	92	78%	28%	--	--
#60	Columbus McKinnon	CMCO	Trucks/Construction		$841	92	62%	37%	2-Oct-17	-5%
#61	Teradyne	TER	Electronic Equipment		$8,455	92	64%	23%	--	--
#62	Novanta	NOVT	Electronic Equipment		$1,615	92	52%	22%	5-Jun-17	31%
#63	Tower Semiconductor	TSEM	Semiconductors		$2,946	92	36%	13%	--	--
#64	Granite Construction	GVA	Engineering & Construction		$2,516	92	24%	19%	--	--
#65	II-VI	IIVI	Electronic Components		$2,801	92	25%	13%	--	--
#66	Deltic Timber	DEL	Forest Products		$1,126	91	67%	15%	--	--
#67	Highpower	HPJ	Electrical Products		$87	91	87%	41%	--	--
#68	Sun Hydraulics	SNHY	Industrial Machinery		$1,533	91	100%	76%	--	--
#69	AXT, Inc.	AXTI	Electronic Equipment		$367	91	68%	29%	--	--
#70	Pilgrim's Pride	PPC	Food: Meat/Fish/Dairy		$7,764	91	60%	12%	--	--
#71	MiX Telematics	MIXT	IT Services		$241	91	54%	20%	28-Aug-17	6%
#72	Curtiss-Wright	CW	Aerospace & Defense		$5,117	91	40%	12%	--	--
#73	ABIOMED	ABMD	Medical Specialties		$8,003	90	170%	29%	--	--
#74	Trade Desk	TTD	Advertising/Marketing		$1,843	90	126%	54%	--	--
#75	Datawatch	DWCH	IT Services		$144	90	#108%	23%	24-07-17	10%
#76	Patrick Industries	PATK	Building Products		$1,538	90	37%	34%	--	--
#77	Monolithic Power Systems	MPWR	Semiconductors		$5,003	90	27%	21%	--	--
#78	HFF	HF	Investment Banks/Brokers		$1,678	90	20%	17%	--	--
#79	Cantel Medical	CMD	Medical Specialties		$4,093	90	13%	15%	--	--
#80	SRC Energy	SRCI	Oil & Gas Production		$1,816	89	#333%	213%	--	--
#81	World Wrestling Ent	WWE	Movies/Entertainment		$1,022	89	100%	14%	--	--
#82	Extreme Networks	EXTR	Computer Communications		$1,360	89	70%	28%	21-Aug-17	14%
#83	KB Home	KBH	Homebuilding		$2,340	89	21%	25%	--	--
#84	Universal Forest Products	UFPI	Forest Products		$2,241	89	21%	28%	--	--
#85	HubSpot	HUBS	IT Services		$3,203	88	#200%	37%	--	--
#86	Americas Silver	USAS	Other Metals/Minerals		$159	88	#117%	34%	11-Sep-17	-11%
#87	Littelfuse	LFUS	Electrical Products		$4,767	88	46%	15%	--	--
#88	Insperity	NSP	Personnel Services		$2,007	88	37%	12%	--	--
#89	Alarm.com	ALRM	IT Services		$2,193	87	120%	33%	28-Aug-17	6%
#90	Teledyne Tech	TDY	Aerospace & Defense		$5,944	87	27%	25%	--	--
#91	Fox Factory Holding	FOXF	Recreational Products		$1,653	87	22%	18%	--	--
#92	John Bean Tech	JBT	Industrial Machinery		$3,480	87	17%	20%	--	--
#93	Owens Corning	OC	Construction Materials		$8,834	87	15%	12%	--	--
#94	Baozun	BZUN	Commercial Services		$1,535	86	450%	22%	5-Sep-17	7%
#95	Tredegar	TG	Manufacturing		$644	86	92%	19%	--	--
#96	BGC Partners	BGCP	Investment Banks/Brokers		$3,809	86	38%	16%	--	--
#97	Ligand Pharma	LGND	Biotechnology		$3,030	86	34%	43%	--	--
#98	Neogen	NEOG	Medical Specialties		$3,080	86	19%	14%	--	--
#99	eHi Car	EHIC	Finance/Rental/Leasing		$382	85	200%	22%	--	--
#100	GAIN Capital	GCAP	Investment Banks/Brokers		$347	85	#142%	13%	--	--

The Emerging Growth Stocks column can be found on the Investing & Trading menu. On Live In Play, all of the Emerging Growth Stocks content can be searched for, and have alerts generated by, the "GROWX" ticker. Comments or suggestions? Please send them to emerginggrowth@briefing.com.