One of the tried and true methods of investing in the stock market is to latch onto the leaders in emerging industries and hang on for the ride. However, as these businesses begin to mature, some of that momentum eventually fades, while up-and-coming businesses find different paths to success, becoming the next generation of high-growth stocks in the process.
Assuming you have sufficient reserves set aside for emergencies and $3,000 (or less) that you don't expect to need in the coming three to five years, here are three companies that represent the next generation of success in their respective industries and have the potential to be the stock market leaders of tomorrow.
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