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5 Undervalued Innovative Stocks

These names from the Morningstar Exponential Technologies Index are trading at 4- and 5-star levels.

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Disruptors like Apple (AAPL) and Amazon.com (AMZN) helped catapult the technology-heavy Nasdaq to a near-44% gain last year. Perhaps such innovators that are developing and adeptly harnessing new technologies should be booming--after all, these companies are transforming the way we live.

Nevertheless, we at Morningstar aren’t willing to overpay for a stock, no matter how transformative a company may be. So today, we’re hunting for inexpensive innovators in the Morningstar Exponential Technologies Index.

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Susan Dziubinski does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.