If you take a look around, you’ll quickly notice that innovative data drives almost everything.
In fact, when Jeff Bezos first started Amazon.com, Inc. (Nasdaq: AMZN), everyone thought it was just an online book retailer. However, Jeff explained that his company’s primary focus is data collection.
And we all know how THAT worked out. AMZN has been a dominating force in the stock market, with shares rocketing nearly 10,000% in the past 20 years.
But what does that mean for us investors and traders? And what should we do with innovative data stocks like Amazon?
2 Innovative Data Stocks Breaking Out Right Now
If you can find the right data and know exactly what to do with it, you can understand basic human behavior on a mass scale. That information is used to figure out what a person wants based on how he or she lives their life.
In fact, it’s the main reason why Amazon has been able to infiltrate a wide variety of different sectors and industries.
And right now, data is created at an exponential rate. Just look at things like text and direct messages, photos, shopping habits and even comment sections like the one at the bottom of this page. They’re all based on data!
But humans could never organize this information into anything substantive, so that’s where innovative data stocks come into play.
Companies like the ones I’m discussing in today’s video help make sense of the unintelligible. They connect the dots when there’s seemingly no correlation at all.
But the best part?
They create a wealth of information that can be used to drive sales, profits and, most of all, efficiencies.
In today’s video, Roger Scott is featuring two innovative data stocks that appear to be making strong momentum moves alongside the smaller stocks heating up after the U.S. presidential election.
Watch today’s video and be sure to leave a comment in the section below. Are you an avid Amazon user? Why or why not? What do you think about the two innovative data stocks I talked about in today’s analysis? After hearing what I said, do you plan to add these two data stocks to your portfolio or watchlist?