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10 Cheap Innovative Stocks

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

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Both Apple (AAPL) and (AMZN) recently hit all-time highs, and they’ve helped catapult the technology-heavy NASDAQ to a nearly 9% gain for the year as of this writing. Apparently these stocks have built immunity to COVID-19 worries and the recession --at least for now.

Perhaps the innovators 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.

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