Top 3 Tech Stocks Of 2019

2019 should be a good year for stocks provided the recent lows hold up. Tech stocks should be outperformers in 2019. This article features our top 3 tech stocks of 2019. The best three tech stocks in U.S. markets include Rapid7, Mitek Systems and AppFolio.

Our top three tech stock selection for 2019 has two mid cap and one small cap tech stocks. Interestingly, the two mid cap tech stocks have a very similar chart setup, and somehow comparable financials. The one small cap has a different but very promising chart setup.

Tech stocks should be outperformers in 2019 provided the Nasdaq index trades above 6k. Our top 3 tech stocks of 2019 are Rapid7 (RPD), Mitek Systems (MITK) and AppFolio (APPF).CLICK TO TWEET

Obviously the fundamentals of all three top 2019 tech stocks are awesome. Rising revenue, increasingly improving profits, a great market outlook because they are solving a real life problem.

Top Tech Stocks

One point of criticism we have when reviewing the keyword ‘top tech stocks 2019’ is that the results are not helpful. Barron’s has this list which is just this (a list). Yahoo! Finance has this table similar to this Nasdaq table.

Even Investopedia from which you might expect some more depth and breadth has this article with some facts.

One thing we absolutely miss is charts which tell the story combined with fundamentals. We have not found any.

That’s why we believe we can add value for investors looking for top tech stocks in 2019 by combining awesome chart setups with great fundamentals and outlook.

Top 3 Tech Stocks 2019: Rapid7 (RPD)

Rapid7 provides security services, cloud based. We consider this a high growth market segment.

It has a market cap of $1.7B at the time of writing. It is a fast growing tech stock that continues to upgrade its guidance.

Some of the key financials of this tech stock:

  • EPS of -1.23, improving in recent years;
  • Cash per share of 5.7x which is awesome;
  • Short float ratio of 5.7% which is not unusually high for a mid cap stock though we would have preferred a slightly lower ratio.
  • Recurring revenue over 30% and growing customer base, a growing average revenue per customer, a great recipe to future success
  • Losses accumulated until last year after which an improvement started, clear path of the company to improve losses
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