It has been a surprising year for growth stocks as the Nasdaq Composite index roared back after losing a third of its value last year.

The bellwether technology stock index delivered its best first-half performance in four decades as it jumped 32%, although it has yet to recover last year's losses. Several stocks performed even better than the index as they soared to new 52-week highs on the back of optimism and enduring catalysts.

A word of caution is warranted, though. Investors need to ensure that business growth keeps pace with the stock price -- otherwise, you may end up buying into a value trap.

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Source Fool.com