VeriSign (NASDAQ: VRSN ) stock is up 43% year to date and almost 50% in the past 12 months while most tech firms are digging themselves out of a hole.
And that's why I'm talking about VeriSign stock now. You see, VRSN has a virtual monopoly in domain name registry services. Whether it's a .com, .net, or .eu, almost half of the domain names registered are done so through VeriSign.
Read MoreIn addition, many businesses register names for products or marketing campaigns. For example, drug companies usually set up websites for their new and existing drugs. And each of those likely have a number of similar names registered to send you to their site as well.
