Tech Stocks Aren't The Only Options For Big Gains

If there’s one thing that’s undoubtedly true over the past several years, it’s that technology stocks have been red-hot.

But while all that sounds fun and exciting, many have overlooked simple businesses that aren’t overly flashy. This includes companies that handle waste management, provide uniforms for staff, and even energy drink providers, to give a few examples.

Many of these companies fall into the Consumer Staples sector, whose businesses face steady demand across many economic conditions. In other words, companies will always need uniforms and other necessary items for their businesses, and the trash will always need to be taken out.

And perhaps to the surprise of some, these non-technology companies have seen wildly strong performance, with their predictable natures providing a nice shield against volatility.

Cintas Outperforms Meta Platforms 

For example, Cintas CTAS, the company that provides uniforms and other workplace supplies to employers, has gained +95% over the last five years, compared with a +80% gain from Meta Platforms META.

Image Source: Zacks Investment Research

Bottom Line

Simply put, you don’t have to buy tech stocks to see great returns. Lesser-discussed companies like Cintas CTAS have built consistent, dependable growth by doing the ‘simple’ things exceptionally well. Of course, they’re likely not to impress investors given their less-flashy nature, but sometimes boring is better.  

Zacks' Research Chief Names "Stock Most Likely to Double"

Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.

This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research