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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.

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