If the stock market rally continues this streaming company should outperform.

This company has changed how consumers enjoy music by building an end to end delivery network for instantaneous music streaming. Technology stocks are likely to be the biggest winners when the market begins to rally again.

Spotify Technology (SPOT) launched in the U.S. in July 2011. The popularity of music streaming has grown from 9% of total U.S. music revenues to 75% during the past year. Spotify earns some money from advertising with its basic free service, however the company's focus is on driving premium subscriptions. Spotify has seen about 60% of its free-tier users eventually upgrade to premium (most companies would kill for that type of conversion rates).

With the companies ability to convert free customers to paid they are able to generate plenty of cash flow. Spotify is one of the few fast growing tech startups which already generates positive free cash flow ("FCF"). FCF is the money left over after a company pays all cash expenses and capital investments. FCF is a great number to track because a company is unable to play accounting tricks to boost the figure. One way to value a company is to take the present value of future FCF.

Spotify's FCF totaled $338 million in the first half of this year and the balance sheet is strong with little debt and about $1.5 billion in cash and cash equivalents. As the company scales FCF will continue to increase rapidly.

The stock is having a pullback with the rest of the tech names and now could be a good time to start buying shares.

If you are looking to invest as tech stocks rally Spotify is a great opportunity to ride the scaling train to continued growth.

Disclosure: I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. The information provided should NOT be considered advice. The topics discussed are risky and have the potential to lose a substantial amount. I am not an investment professional and therefore do not offer individual financial advice. Please do your own research before investing.