Feb 06, 2021 02:00 AM EST
Jeff Bezos, the world's second-richest person, is certainly someone worth listening to and following. He once said said that invention is the root of success and no one can certainly argue with that. This can even be applied in the stocks that investors should be checking out.
Safe is good, but the number one rule in the investing world is that the more risks one take, the higher the possible rewards. Of course, the trade-off is that there are also likely to be higher risks. One simply has to be prepared to win big.
"Invention is the root of our success. We've done crazy things together, and then made them normal. We pioneered customer reviews, 1-Click, personalized recommendations, Prime's insanely-fast shipping, Just Walk Out shopping, the Climate Pledge, Kindle, Alexa, marketplace, infrastructure cloud computing, Career Choice, and much more. If you get it right, a few years after a surprising invention, the new thing has become normal. People yawn. And that yawn is the greatest compliment an inventor can receive," Bezos can be recalled to have notably said.
Below are 5 Hyper-innovative stocks that are possibly highly rewarding, described by Luke Lango of Investor Place, worth checking out because they are of companies that thrive on innovation and invention for growth.
It is highly likely that these are lesser-known than most companies on their respective niches or industry, but they are bound to be big names if they continue to innovate and thrive. Supporting them can reap some great rewards of both sides:
Square is a payments processor then turned innovative digital money ecosystem operator so much so that on 2020, while most businesses were failing because of COVID-19 pandemic, it reported its best year.
While its core business was essentially shut down, it managed the mean feat because it launched a brand-new mobile money app, Cash App. The company saw an opportunity to innovate and did not hesitate.
Even though there are already a lot of alread EV companies in existence, Canoo can certainly be described as the most innovative. The company has invented, from scratch, an completely new type of car that is unprecendented in the size of its interior space among self-driving cars.
At the same time, the company has completely reimagined how people can buy cars, because it has launched a disruptive subscription model for shared car ownership, that is the first of its kind. There is no denying how much the compmay believes in innovation.
Hyundai in 2020 said it will partner up with Canoo precisely because of its innovativeness.
Most enterprise AI systems is innovative. So much so that even though a lot of companies tried to make their own, they have given up on deploying AI. But C3.ai refuses to do the same. The company innovated by making scalable and easily-deployable open AI architectures that is capable of transforming every industry in the world.
In 2020, CNBC has listed the company on its Disruptor 50 List. This is a mean feat.
While supporting our customers through their digital transformation journeys is a foremost priority, this recognition comes at a time when we are especially proud of the work we have accomplished to mitigate the spread of COVID-19.
First, through a public-private partnership and the expedited funding of AI-driven COVID research; and second, through the creation of the C3.ai COVID-19 Data Lake, one of the world's largest unified sources of public COVID-19 data," said Thomas M. Siebel, CEO of C3.ai. "I cannot imagine a more important use of AI and our resources than to help alter the course of a global pandemic."
Following the pandemic, natural calamities, and major employment shifts, a startling new study on the online news site News Nation shows that 1 in 4 Americans don't have an emergency fund.
Generational wealth is a facet of wealth management that is often misunderstood. Labeled trust fund babies, rich kids, and lucky breaks, those who receive an inheritance from families are rare.
Social media has successfully made it to the mainstream consciousness of over half the global population. DataReportal's latest study shows that over 4.33 billion people worldwide are using some form of social networking site this year. That's why it's no wonder many tech companies are interested in investing or forming the next Facebook, Twitter, or YouTube to capture the hearts and minds of the general population.
Ease of access, freedom to choose in which to invest the money and lines of credit designed according to the needs of consumers, are some of the characteristics that have made consumer credit one of the most important financing products in the world’s market.
While researchers have suggested that individuals who base their self-worth on their financial success often feel lonely in everyday life, a newly published study by the University at Buffalo and Harvard Business School has taken initial steps to better understand why this link exists.
The younger generations are willing to put their money where their mouth is when it comes to sustainable living.
An international research team led by NUST MISIS has developed a new iron-cobalt-nickel nanocomposite with tunable magnetic properties. The nanocomposite could be used to protect money and securities from counterfeiting. The study was published in Nanomaterials.
Bank credit officers are more likely to approve loan applications earlier and later in the day, while 'decision fatigue' around midday is associated with defaulting to the safer option of saying no.
After graduating or leaving college, many students face a difficult choice: Try to pay off their student loans as fast as possible to save on interest, or enroll in an income-based repayment plan, which offers affordable payments based on their income and forgives any balance remaining after 20 or 25 years.