Let's talk about a tiny number.
The sort of number that doesn't show up on anyone's radar.
Except mine.
And now yours.
I'm talking about a tech sector whose overall sales grew 3.3% in the third quarter. True, that sounds meaningless – like something you wouldn't want to invest in.
But I drilled down below the surface, and I found a lot of money to be made from this meager bounce.
Here's the thing. It's a small tick on the information technology (IT) services sector's massive $3.5 trillion base.
When I look closer, I see that most of that growth – billions and billions of dollars of growth – is thanks to global corporations and other huge enterprises moving their IT services to the cloud. Doing that allows them to cut back spending on computer networks and makes it easier to add new services on the fly.
And it gives tech investors a target-rich environment.
So while others ignore the billions of dollars moving around in this often-forgotten part of the tech ecosystem, let's look at what I think will be a hugely profitable way to invest in this massive market.
It's a company the mainstream financial media virtually ignores.
And it's going to double your money in two years.
Here are five reasons why…
It's Exciting… Really
You'd be hard pressed to find a quieter tech leader than ServiceNow Inc. (NYSE: NOW).
That's likely because hardly anyone pays attention to IT services companies besides their customers. After all, the digital "plumbing" found in corporate campuses and skyscrapers is not as exciting as artificial intelligence, cryptocurrencies… or flying cars.
But what ServiceNow does – handling, processing, and automating IT requests – is absolutely crucial for any modern enterprise.
So consider this your opportunity to start paying attention – and making money.
While Wall Street doesn't totally ignore the company – more than 30 industry analysts cover the stock – ServiceNow remains a largely unknown firm.
Sure, it's nearly always stellar quarterly reports get covered. But over the last year or so, I've seen nary a standalone story about it in The Wall Street Journal, Investor's Business Daily, or Bloomberg.
Meanwhile, ServiceNow has been steadily growing its profits per share much faster than even Amazon.com Inc. (Nasdaq: AMZN), the leader in cloud hosting.
ServiceNow is no slouch when it comes to sales. In the most recent quarter, it's up 39.3% year over year. And ServiceNow's execs forecast that sales will more than double from an estimated $1.9 billion this year to $4 billion by the end of 2020.
This Santa Clara, Calif., company has an impressive customer list. It works with everyone from healthcare giant AstraZeneca Plc. (NYSE: AZN) to chip leader Broadcom Ltd. (Nasdaq: AVGO) to consumer products titan Kimberly-Clark Corp. (NYSE: KMB).
Like I said, I think ServiceNow is poised – right now – to double your money in just two years.
To figure out why, let's run it through the five "filters" of Your Tech Wealth Blueprint. These "rules" help us pinpoint the most exciting and fastest-moving opportunities so you can safely capture wealth – and have a better life now and in retirement.
Take a look…
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About the Author
Michael A. Robinson is one of the top financial analysts working today. His book "Overdrawn: The Bailout of American Savings" was a prescient look at the anatomy of the nation's S&L crisis, long before the word "bailout" became part of our daily lexicon. He's a Pulitzer Prize-nominated writer and reporter, lauded by the Columbia Journalism Review for his aggressive style. His 30-year track record as a leading tech analyst has garnered him rave reviews, too. Today he is the editor of the monthly tech investing newsletter Nova-X Report as well as Radical Technology Profits, where he covers truly radical technologies – ones that have the power to sweep across the globe and change the very fabric of our lives – and profit opportunities they give rise to. He also explores "what's next" in the tech investing world at Strategic Tech Investor.
Is the ServiceNow Inc. included in your Buy Stocks Now List or in addition?
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