High-growth stocks often capitalize on emerging trends and new technologies. But with a world of fast-evolving tech out there, it can sometimes be tricky to identify likely growth stocks. One way to do it, though, is to look at emerging trends and see what companies are likely to benefit.
We asked three of our Motley Fool contributors what companies they think are poised for rapid growth based on emerging trends. They came back with iRobot (NASDAQ: IRBT), Twilio (NYSE: TWLO), and Guardant Health (NASDAQ: GH). Here's why they think these companies are worth considering as part of a growth-focused portfolio.
John Bromels (iRobot): It's impossible to know with certainty what the "next big thing" is going to be, but the trends are looking pretty good right now for smart-home devices. According to the International Data Corporation, the market for smart-home devices is expected to grow 26.9% year over year in 2019, with 16.9% compounded annual growth over the next five years.