Get In On the Action – How to Invest In the Hottest Trends Now

Are you looking to make a fortune from stock markets? Then you have to invest in the hottest trends that could shape the future.

Puja Tayal

Author Bio

Puja Tayal grew up in a small-business family where dinner conversations often centred on working capital and savings. Her early experiences with investing, particularly during the 2008 financial crisis, shaped her approach to understanding markets and evaluating investment opportunities. She began her career at a mutual fund company before moving into investor education and financial writing for asset and wealth management firms. Before joining The Motley Fool, Puja wrote for Market Realist, where she extensively covered the semiconductor industry. Her published work has also appeared in The Indian Express. Puja believes every stock has a story that can help investors understand its potential returns. She combines business analysis with different investing approaches to help investors make informed decisions and align their portfolios with their long-term financial goals. Outside of finance, Puja enjoys long drives, catching up with friends, watching superhero and science-fiction movies, and managing her family portfolio. She also has a keen interest in artificial intelligence and its potential to reshape the world.

Education

Bachelor's degree in Accounting and Finance, University of Mumbai (2007)
CFA Level I

Areas of Expertise

Qualitative company analysis, management strategy, risk assessment, long-term investing, portfolio diversification and rebalancing, dividend reinvestment, cyclical growth opportunities, compounding strategies, growth stocks, and dividend stocks.

Social Media Profiles

Favorite Investment Quote

"Risk comes from not knowing what you're doing." — Warren Buffett

Published May 9, 2023 6:30 pm EDT

Investing in tomorrow today is a trait of a billionaire. Elon Musk invested in electric cars back in the early 2000s. Jeff Bezos invested in e-commerce in the 1990s. And today, they are among the richest people on the planet. Investing in future technologies can give your money a chance to grow 10 or 100x in the long term, but you need patience to wait for that technology to gain wider adoption. So, which technologies are blooming and could become the next hot trend and change your daily life?

bulb idea thinking — Image source: Getty Images

Clean energy trend

The need of the hour is energy independence and zero carbon emissions. Governments worldwide are coming to recognize green hydrogen as the best alternative to fossil fuels.

Ballard Power Systems (TSX: BLDP) is a participant in the green hydrogen initiative. It has been researching and developing a method to make heavy vehicles run on water. The technology is ready and working well for buses, commercial trucks, trains, and marine vessels. The company is also receiving orders from industries to build hydrogen fuel cells.

But it is expensive to separate hydrogen from water as this needs electrolyzers powered by renewable energy. Ballard Power Systems and other companies are working on advanced manufacturing technology to make hydrogen fuel cells cost-effective.

Now is a good time to buy stocks of Ballard Power Systems and hold it for a decade or two. Once the fuel cells achieve wider adoption, the company could be a key beneficiary of the hydrogen fuel trend, and the stock price could grow severalfold.

The IoT proliferation

While the hydrogen fuel trend is still in the early stage of development, a more prominent trend that has been trying to gather momentum is the Internet of Things (IoT). IoT is every edge device, from security cameras to smart watches, to drones that are connected to the internet and perform tasks in the field. At present, edge devices have limited functionality as they need high-speed internet connectivity to perform artificial intelligence (AI) at the edge with minimal lag.

Canadian telecoms have deployed 5G infrastructure, setting the stage for the IoT proliferation. The need of the hour is a software ecosystem that can enhance AI capability and provide an endpoint security solution to keep the device secure.

BlackBerry (TSX: BB) has an endpoint management system trusted by most governments worldwide. The company’s stock has been trading in the $5–$8 price range as the technology adoption has taken a step back amid recession fears.

BlackBerry has its QNX software ready for wider adoption in IoT and automotive applications, with several design wins. It is expanding its ecosystem with an IVY vehicle intelligent system that can act on the data coming from vehicles. The maker of software for connected vehicles has also received the first design win for IVY.

Now is a good time to buy the stock while it trades below $8. Once automotive demand picks up and companies increase their budget for cyber security, Blackberry stock could grow severalfold.

The Blockchain trend

Another exciting trend is Web 3.0, an interactive and intelligent web that offers more than just information. Web 3.0 has Metaverse, ChatGPT, and decentralized content ownership. One technology that will underpin Web 3.0 and data centres is blockchain technology. The first application of this tech is crypto mining, but it is gaining prominence in other applications.

Hut 8 Mining (TSX: HUT) is creating a hybrid data centre model that brings digital asset mining and open-source distributed ledger technology to underutilized areas like gaming, visual effects, and government agencies. If successful, it could be among the tech companies that benefit from Web 3.0. It will also benefit from crypto adoption as its main business is still crypto mining, holding a large inventory of Bitcoin.

Hut 8 Mining stock is trading in the lower range as the company is merging with U.S. Data Mining Group to create a new Hut 8. For every share, existing Hut shareholders will get 0.2 shares of the new Hut 8. You can buy this stock now and park your money in Web 3.0’s future.