InvestorPlace
Listen to Jeff Bezos: buy these 7 ‘hyperinovative’ stocks
“Invention is the root of our success.” That’s what Jeff Bezos, who – among other things – founded Amazon.com 27 years ago, turned it into a trillion dollar company and along the way became the second richest person in the world. Source: lev radin / Shutterstock.com Bezos is stepping down as CEO of Amazon and making the transition to CEO. He announced his departure in a letter to Amazon employees on Tuesday. In that letter, Bezos answered the trillion dollar question that everyone wants to ask man: how? InvestorPlace – Stock market news, stock advice and trading tips How did you turn the idea of an online bookstore in the 1990s into a $ 1.7 trillion technology empire today, covering e-commerce, cloud computing, digital advertising, streaming TV, supermarkets and more? His answer was simple: invention. “Invention is the root of our success. We did crazy things together and then made them normal. We were pioneers in customer reviews, 1-Click, personalized recommendations, incredibly fast shipping from Prime, Just Walk Out purchases, Climate Pledge, Kindle, Alexa, marketplace, cloud computing infrastructure, Career Choice and 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 highest compliment an inventor can receive. ”Believe it or not, it really is that simple. Innovation is the fuel for growth. Sign up for Luke’s Innovative Hypergrowth Newsletter and receive his free special report Why Jeff Bezos is right about innovation Think of the world’s largest companies today outside of Amazon. You have Alphabet ($ 1.3 trillion market capitalization), Apple ($ 2.3 trillion), Microsoft ($ 1.8 trillion) and Facebook ($ 780 billion). How did they get there? In the same way that Amazon did – through innovation. Alphabet’s founders, Sergey Brin and Larry Page, discovered in the late 1990s how to create a centralized online database that indexed the entire Internet and made it searchable. Then, the company acquired YouTube. Then he immersed himself in cloud computing with Google Cloud. Then he launched an autonomous business called Waymo. This is innovation. The result? A trillion dollar company. Mark Zuckerberg, however, discovered in the early 2000s how to connect college students online. He took that platform and expanded his use case to the masses. Then, the company started messaging (Messenger and WhatsApp), images (Instagram) and commerce (Marketplace and Facebook Shops). This is innovation. The result? A company worth almost a trillion dollars. Soap, rinse and repeat for Microsoft and Apple. Bill Gates and Steve Jobs were relentless innovators. They made computers and smartphones ubiquitous – and then their successors created huge software companies atop their hardware empires. This is innovation. Understand the idea? All trillion dollar companies today have one thing in common – they are relentlessly innovative. So if you’re looking for the next Amazon, the next Alphabet, the next Apple, the next Facebook and the next Microsoft, start by looking at today’s most innovative companies. Which companies are at the top of my list? Consider these hyperinovative names: Square (NYSE: SQ). This is a payment processor that became a digital money ecosystem operator that is so innovative that it managed to post its best year during the Covid-19 pandemic (when its core business was essentially closed) because of its new mobile money app, Cash App. The next big innovation? Bank officer. Canoe (NASDAQ: GOEV). Many EV companies out there. None as innovative as Canoo – which is literally reinventing the wheel. The company created, from scratch, a brand new car that maximizes interior space and was built for the era of autonomous driving. In addition, the company has completely reinvented the way we buy cars and is a pioneer in an innovative signature model for shared car ownership. The DNA here is innovative in its essence. C3.ai (NYSE: AI). Creating business AI systems is difficult. So difficult that many companies have given up on deploying AI. No C3.ai. The company is innovating in the creation of scalable and easily deployable open AI architectures that can and will fundamentally change all sectors of the world. There is nothing more innovative than facing the biggest challenge in the world and then, in turn, changing the world – that’s exactly what C3.ai is doing today. Axon (NASDAQ: AAXN). The company used to make tasers – and only tasers. In fact, his name used to be Taser International. Then the company started selling body cameras. Then, collect the cameras. Then, a set of software services hosted in the cloud focused on digitizing law enforcement agencies. The result is that Axon is now alone as an unrivaled leader in law enforcement technology – and is in a position of strength to digitize all public safety agencies in the world in the next decade. Tesla (NASDAQ: TSLA). Yes, everyone knows that name, but there are many who still don’t believe in Elon Musk & Co. However, Musk’s innovative thinking continues to take Tesla’s shares to new heights and I see a lot of strength in this name in 2021 Tesla reported favorable numbers in the fourth quarter, which generated yet another profit (its sixth consecutive profitable quarter) and record deliveries. The big picture here is that Tesla is about to become a global power and dominate many industries, including automobiles, power generation and energy storage. This is an action that investors concerned with innovation should really take for its disruptive potential. Luminar Technologies (NASDAQ: LAZR). Driving alone will be a widespread reality in the late 2020s. The technology that will allow this disruption is LiDAR, and the best LiDAR manufacturer in the world is Luminar. Founded by a boy genius who could easily be the next Elon Musk, Luminar has made the industry’s highest-performing, most economical LiDAR sensors. By 2030, the company’s LiDAR sensors will be on most cars in the United States. Stem (NYSE: STPK). The world is turning to clean energy. The two largest sources of clean energy – solar and wind – are intermittent. So, to drive a clean energy future, we need energy storage solutions. Stem does these solutions. More than that, they make AI-powered energy storage solutions that leverage a vast network of energy data to dynamically and automatically maximize energy production and minimize energy costs. These solutions will be installed in most offices worldwide by 2030. These are among the most innovative companies in the world today – and could easily end up being the biggest winners in the market in the next 5 to 10 years. Unfortunately, I will let Bezos have the last word here. One of the world’s greatest innovators ended his retirement letter with the following advice. It is worth applying them, at a minimum, to your investments: “Keep investing and don’t despair when at first the idea seems crazy. Remember to wander. Let curiosity be your compass. Day 1 remains. ”On the date of publication, Luke Lango did not (directly or indirectly) hold any positions in the securities mentioned in this article. The new 10X daily stock report: dozens of three-digit winners, peak gains of up to 926%… 1,326%… and 1,392%. InvestorPlace’s bold new initiative offers an innovative stock recommendation every trading day, aiming for gains of 5X … 10X … up to 15X and beyond. Now, for a limited time, you can sign in for just $ 19. Click here to find out how. In addition, you can sign up to receive Luke’s free growth investment newsletter. Click here to sign up now. More from InvestorPlace Why everyone is investing in 5G Everything wrong The stock picker reveals his next potential winner No matter if you have $ 500 in savings or $ 5 million. Do it now. Shares # 1 for the green energy boom The post Listen to Jeff Bezos: Buy these 7 ‘hyperinovative’ shares first appeared on InvestorPlace.