“Find out where the world is going and get there as fast as possible.” –David Gardner, co-founder, The Motley Fool
The best investors can recognize transformative technologies before others. This is a fascinating skill that can help you make huge wealth in the stock market.
If you want to learn early about powerful trends and benefit from exciting technological advancements like artificial intelligence (AI) and electric aircraft, read on. The two companies that follow are poised to disrupt the markets in a big way while also potentially delivering great returns to their shareholders.
symbolic
AI is coming to a warehouse near you. symbolic (NASDAQ: SYM) is using cutting-edge AI and robotics technology to help companies reduce their logistics costs by automating their supply chains.
Symbotik’s system can reduce its customers’ warehouse-space needs by up to 60%. Instead of hours, trailers can be loaded in minutes. Orders can be fulfilled with 99.99% accuracy and low inventory requirements. The company estimates that its $50 million purchase of one module could reduce operating expenses by $10 million annually for 25 years.
These benefits are not escaping the attention of major retailers. grocery giant albertsons And Target has deployed Symbiotic’s systems in its warehouses. wal-martMeanwhile, it is integrating Symbiotic’s technology across all 42 of its regional distribution centers to strengthen its inventory management and fulfillment operations.
Predictably, given the speed and efficiency its technology can provide, Symbiotic’s sales are increasing. Its revenue rose 98% to $1.2 billion in the fiscal year ended Sept. 30. Even better, Symbiotic’s profit margins are improving as it grows its revenue base.
The company has not yet achieved profitability based on generally accepted accounting principles (GAAP). However, it generated positive adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) for the first time in the fourth quarter of its fiscal year. It expects this positive trend to continue in 2024 as well. The company estimates it will generate $14 million in adjusted EBITDA in the first quarter.
the story continues
Looking ahead, Symbiotic’s profits could grow rapidly in the coming years. The robotics leader estimates its long-term market opportunity at a staggering $350 billion.
Archer Aviation
Your next trip to the airport may take much less of your time. Archer Aviation (NYSE:ACHR) is working to make flying taxis a reality, and it’s made more progress than you might expect. Archer is developing an all-electric vertical take-off and landing (eVTOL) vehicle. Its Midnight Aircraft is designed to usher in a new wave of high-speed urban travel.
Capable of flying at speeds of up to 150 mph, Archer’s EV can avoid congested roads and replace exhausting 60-minute journeys by car with safe 10-minute air taxi flights. And Midnight’s all-electric design creates zero operating emissions, making it a more environmentally friendly option.
Not surprisingly, given these advantages, transportation industry giants are willing to partner with Archer. boeing, United AirlinesAnd Stellantis All have acquired equity stakes in the EV upstart. Archer has received over $1.1 billion in funding from these and other high-profile backers.
Even better, Stellantis is helping Archer expand manufacturing operations at its plant in Covington, Georgia. Initial production of the Midnight aircraft is expected to begin in mid-2024.
Archer Aviation’s Midnight EV. Image source: Archer Aviation.
Meanwhile, United Airlines has agreed to buy $1.5 billion worth of Archer aircraft. The airline is also collaborating with Archer to establish the first commercial electric air-taxi route in the US
These transportation leaders are rightly impressed by Archer’s growth potential. It is estimated that the urban air-mobility industry will reach $1 trillion by 2040 and $9 trillion by 2050. Morgan Stanley,
Archer is on track to begin commercial operations by 2025. Its sales should increase rapidly soon after this. Today, you have the opportunity to buy shares in this innovative upstart that is poised to lead a potentially multitrillion-dollar industry, while its total market cap is still just under $2 billion.
Should you invest $1,000 in Archer Aviation now?
Before buying stock in Archer Aviation, consider this:
Motley Fool Stock Advisor The analyst team has just identified what they believe 10 best stocks For investors to buy now… and Archer Aviation wasn’t one of them. The 10 stocks that made the cut could deliver tremendous returns in the coming years.
stock advisor Provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks every month. stock advisor The service has more than tripled the returns of the S&P 500 since 2002*.
View 10 Stocks
*Stock Advisor returns are as of December 18, 2023
Joe Tenebruso has no positions in any stocks mentioned. The Motley Fool has positions in and recommends Target and Walmart. The Motley Fool recommends Stellantis. The Motley Fool has a disclosure policy.
The bull market is coming: 2 stocks to buy now that could skyrocket in 2024 Originally published by The Motley Fool
Source: finance.yahoo.com
