Today instead of a Top Pick update we have a new mid-year Top Pick from David Bannister, Chief Investment Strategist of Active Trading Partners.
“My mid-year pick is Tableau Software (DATA, NYSE). Tableau software has been growing at a 90% compounded rate for years using their revolutionary Business Intelligence analysis platforms. Their software allows users across small- to largesize entities to analyze the thousands and thousands of pieces of business data that corporations and organizations receive. They have developed a graphical user interface akin to what Apple did for the personal computer and later Microsoft with Windows. As the graphical interface changed for personal computers, we saw torrid growth from 1983 through 1999 in personal computers. Tableau we believe is doing the same thing for business intelligence gathering and analysis, allowing even the entry level employee to analyze data with ease and even have some fun doing so. We expect the stock to return upwards of 60% over the coming six-to-nine months as investors catch on to the story.”
David A. Banister, Active Trading Partners, www.activetradingpartners.com, 7/16/13