Monster growth stocks have the power to keep outperforming the market year after year, and that's why practically everyone loves to have them in their portfolios. But those stocks wouldn't be notable enough to have a nickname if they were common or easy to find. 

Thankfully, there are a few quick guidelines you can use to increase your chances of finding promising monster stocks in the making. The catch is that you need to use these tricks responsibly rather than blindly, as they tend to leave you exposed to certain inherent risks. Let's dive in and explore what that means so you'll get the hang of how to hunt potential monster growth stocks intelligently.

The first trick to finding tremendous growth stocks is to look in the places you're most likely to find them: immature industries. In immature industries, there's a lot of diversity and experimentation with product design, business models, product-market fits, and investor narratives. In contrast, mature industries feature overall profitability, the presence of oligopolies, and businesses returning capital to shareholders rather than investing for growth.

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Source Fool.com