This Top Growth Stock From Europe Joins The Stock Spotlight Screen On Breakout – Investor's Business Daily

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The market uptrend and top growth stocks are powering up early Tuesday with strong gains across the major indexes in the stock market today. New addition to the Stock Spotlight screen Interxion (INXN) is trading just above a potential entry in morning trade ahead of the company’s May 3 earnings release.

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Netherlands-based Interxion supplies colocation data center services. The data center provides space for servers and other computing hardware, allowing clients to connect to telecommunications and network service providers.

Bullishly, the company has three quarters of accelerating earnings and revenue growth — capped off by increases of 43% and 34%, respectively, in the latest quarter.

Analysts expect the firm’s annual earnings to grow 31% to 92 cents a share in 2018 and another 15% in 2019.

According to analysts at William Blair, Interxion’s fundamentals will continue to impress given the company’s IT outsourcing tailwinds. Despite corporate plans for large expansion projects in 2018 and 2019, William Blair believes that demand will continue to outstrip supply. According to the analysts, “Overall market dynamics and continued expansion provide Interxion with high visibility into future revenue growth.”

The Internet-Networks Solutions group is on fire in recent weeks and is ranked No. 19 out of 197 industry groups. Within the group, Interxion is the No. 1 stock with a highest-possible 99 IBD Composite Rating. The rating is a blend of key fundamental and technical metrics.

No. 2-ranked stock F5 Networks (FFIV) broke out past a 154.01 flat-base entry Friday amid an analyst upgrade. Shares are in still in the 5% buy range that tops out at 161.71. Earnings are due out April 25 before the market open.

The Stock Chart

After a strong gain in 2017, the stock finally formed its next base formation — a cup with handle that sports a 64.07 buy point. Shares broke out Monday with a 2.3% gain in just-above average volume. Ideally, volume should increase 40%-50% compared to average on the breakout day.

The stock’s relative strength line — etched in blue on every MarketSmith and IBD daily and weekly chart — is right at new highs. A strong RS line signifies significant market outperformance.

According to the IBD Stock Checkup, the stock has a B+ Accumulation/Distribution Rating, indicating strong institutional demand. Among top funds, Wasatch Core Growth (WGROX) has a solid position in the name that spans the last three quarters.

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