If there’s one thing that’s undoubtedly true over the past decade, it’s that technology stocks have been blistering hot.
And it’s been for very understandable reasons. Many of these companies’ products have entirely changed the way the world behaves. People stay solely connected through digital channels such as social media, students are now taking their exams online, and consumers are even utilizing digital apps that allow for grocery delivery.
But while all that sounds fun and exciting, many have overlooked simple businesses that aren’t overly flashy. This includes companies that handle waste management, provide uniforms for staff, and even energy drink providers, to give a few examples.
Many of these companies fall into the Consumer Staples sector, whose businesses face steady demand across many economic conditions. In other words, people will want their trash picked up no matter the state of the economy, and we all obviously enjoy our caffeine buzz.
And perhaps to the surprise of some, these non-technology companies have seen wildly strong performance, with their lower beta nature providing nice shields against volatility.
Cintas Outperforms Microsoft
For example, Cintas $CTAS CTAS, the company responsible for providing staffing uniforms and other relevant materials to employers, has gained nearly 100% over the last five years, which compares to a 80% gain from Magnificent Seven member Microsoft $MSFT.
Image Source: Zacks Investment Research
While these investments are typically labeled as ‘boring,’ their stability is undeniable.
Simply put, you don’t have to buy tech stocks to see great returns. Lesser-discussed companies like Cintas have built consistent, dependable growth by doing the ‘simple’ things exceptionally well. Of course, they’re likely not to impress investors given their less-flashy nature, but sometimes boring is better.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
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