It was a case of stocks treading water this week, as the major averages finished mixed. The one segment of the market that was decidedly lower was large-cap tech, as disappointing earnings from Alphabet (GOOGL) (I still like the name Google much better) and Microsoft (MSFT) pulled down the Nasdaq Composite.
One stock that I really like here represents a key player in the online commerce field, and one that owns a distinctive niche in the e-commerce market.
And while the company doesn’t really sell you the stuff, it very often plays an integral role in the entire transaction process. That role has been extremely profitable for this groundbreaking firm, a fact that can be seen by a glance at the company’s recent earnings performance.
Over the past three years, and especially in the past two quarters, the company has outpaced 96% of all other publicly traded stocks. Last quarter alone, the stock saw earnings per share growth of 24%.
Technically speaking, shares are very close to a breakout after forming a bullish “cup-with-handle” chart pattern. In fact, the recent uptrend in this stock (a nearly 4% gain last week) has placed it among the market’s best performers since it went public in July 2015. The stock has outpaced some 86% of all other publicly traded stocks since then.
In the coming days, I plan to add this stalwart company to the holdings in my Next Week’s Winners advisory.
So, if you want to make sure you take advantage of this game-changing firm’s latest bull move, then I invite you to check out Next Week’s Winners right now!