Today, I'll show you a tech stock that has not only climbed 30% in the last month, but could double in share price from here.
Sadly, most investors have missed out on these types of gains.
You see, the proliferation of Exchange Traded Funds (ETFs) has resulted in broad-brushed, mind-numbing investment strategies that fail to consider that what matters most are the underlying fundamentals of a particular stock.
Instead of investors targeting good ideas, the herd turns to "themes" in the search for market-beating returns.
Don't Miss: This secret stock-picking method has uncovered 217 double- and triple-digit peak-gain winners since 2011. Find out how it's done...
Those themes come in many flavors including large-cap tech stocks, or FANG stocks, which have performed amazingly well over the last couple years.
Theme-based ETF investing tends to lump a basket of stocks together with the idea that diversification limits downside risk without sacrificing the upside.
Unfortunately, things are not that simple.
When volatility spikes as it did in October, things can go horribly wrong with ETFs. Investors are left with higher risk and lower returns.
For example, technology ETFs plummeted last month.
But if an investor can identify the correct themes in the market, they should be able to identify the individual stocks that will result in a portfolio that maximizes gains while minimizing risk.
It simply doesn't matter if the major indexes did well or not. We can find winning stocks no matter what the market is doing.
That's exactly what I'll be doing today with this top tech stock to buy...
At the end of September, theme-based investors continued to favor technology. Valuations mattered little.
The ETF lemmings assured buying and more buying in the space in almost a self-fulfilling prophecy.
It was as if you couldn't lose owning a technology stock.
If you're like me, such talk has to make you nervous that the suicidal cliff is near.
But the appeal to follow the crowd is strong.
I get it. When I looked at my "PEG Score" rankings in late September, I was pleasantly surprised to see a technology name I could embrace.
Here's one of the best tech stocks you can buy today...
Double Your Money with This Tech Stock to Buy
[mmpazkzone name="in-story" network="9794" site="307044" id="137008" type="4"]
QuinStreet Inc. (NASDAQ: QNST) stood out for a plethora of reasons, making it an easy pick to be my "October Stock of the Month."
QuinStreet is operating in the sweet spot of the technology space - Internet marketing and advertising.
There is a reason Facebook Inc. (NASDAQ: FB) has done so well.
But unlike Facebook, QuinStreet is still growing rapidly.
You see, Facebook has simply gotten too big. Future growth is constrained by having achieved too much success.
For QuinStreet, success is just beginning, especially in terms of earnings growth.
Analysts were projecting earnings growth from the current year to the next well above 30%.
What do you suppose an investor has to pay for that growth?
In the current market, most stocks trade for multiples well above their earnings growth number. That's not the case for QuinStreet, which at the end of September was trading for only 20 times earnings.
On the surface that may seem expensive, but considering the actual earnings growth history and the growth in the sector it operates in, QuinStreet is exactly the type of stock investors can comfortably own in any market.
Whether it's the machines or the ETF lemmings that ultimately buy the stock, buy they will.
And when they buy, the gains can be spectacular.
Already QuinStreet is up nearly 30% since mid-October, and that is only the beginning.
The great news for those not already in QuinStreet is that I think QNST could double from here.
That means there is still meat on the bone for those interested in individual stocks that can and do beat market returns.
Instead of playing the ETF theme game, QNST is a strong buy no matter the outside noise.
This Company Could Be Holding the Biggest Tech Breakthrough of the DECADE
Global Market Insights sees this market worth over $80 billion by 2024. Technology giants like Apple and Microsoft are making huge multimillion-dollar investments in this space. Defense contractors and the U.S. military are using this market's technology to give soldiers a competitive "advantage at sea, land, and air." And one company is at the center of it all. See it here...