We’re almost near half of 2019 and the market was pretty volatile from the beginning of the year. This, however, didn’t prevent some of the largest and those not-so-large companies to progress.
In this article, we’re going to check some of the best-performing stocks of 2019 according to the investopedia. This should give you an idea of which stocks to look out for.
Stock Market News Today – Top Stocks Of 2019 – Best Growth Stocks
1. Align Technology, Inc. (ALGN)
The tech-based companies are amongst the companies that performed quite well in 2019. It’s no exception with Align Technology, a leader in invisible braces. This company is also one of the best candidates for long-term growth. In 2019, the company managed to bring its YTD to +33.91% vs SPDR S&P 500 ETF. Furthermore, we see a severe outperformance vs sector, +48.56% and vs Health Care Select Sector SPDR Fund. The YoY revenue growth rate of +25.6% is impressive, too.
2. Salesforce.com, Inc (CRM)
When it comes to cloud computing, Salesforce.com is one of the leaders in 2019. As such, the company saw a significant increase in revenue in 2019. For example, its one-year outperformance vs market stands at +24.08% vs SPY and +15.39% vs Technology Select Sector SPDR Fund. With the YoY revenue growth rate of +26%, it stands shoulder-to-shoulder with ALGN.
3. Facebook, Inc (FB)
It’s not surprising that Facebook made it on our list. This company is a global social media leader and currently, it has some of the most popular social media companies under its ownership. Of course, we’re talking about Instagram and WhatsApp. All of this gave Facebook a revenue growth rate of +26%, with YoY daily active user growth rate of +8%. With this in mind, Facebook has a very bright future.
4. Microsoft Corporation (MSFT)
Finally, we have Microsoft. This company specializes in software creation, alongside its gigantic cloud project Azure. Azure showed significant growth in 2019, bringing the company a YoY operating income rate of +25%. Its YTD outperformance vs market and sector is +10.51% vs SPY and +1.27% vs XLK respectively.