CMPS - 3 Outside-the-Box Stocks to Buy Now
It might seem rather odd to invest in a company investigating a psychedelic drug candidate, a hyped-up electric vehicle (EV) manufacturer, or a flower vendor. But often, it can pay off handsomely to have investment interests that are distinct from others or packed with growth potential. The companies I'm alluding to here are Compass Pathways (NASDAQ: CMPS) , Tesla (NASDAQ: TSLA) , and 1-800-Flowers.com (NASDAQ: FLWS) .
As unusual as these companies' business ideas and technology are, the three stocks have gone up 67%, 64%, and 19%, respectively, over the past 12 months. Meanwhile, the S&P 500 index returned just 14%. Let's look at how these niche stocks could add serious wealth to your portfolio.
Image source: Getty Images
For further details see:
3 Outside-the-Box Stocks to Buy Now