Jun
2024
Exploring Unusual Stocks: Investments You Wouldn’t Expect
DIY Investor
10 June 2024
The stock market is a dynamic environment, and some companies operate in truly bizarre and niche industries. Finance advisor Adam Garcia from The Stock Dork has identified some of the most unusual stocks in existence, which you might find hard to believe are real.
Publicly Traded Companies
Urine Analysis Technology
Aytu BioPharma (NASDAQ: AYTU) might sound odd, but they’re doing important work with diagnostic products that include at-home urine tests. Their focus on medical diagnostics, including unconventional methods, makes them a unique player in the health tech market.
Ghost Kitchens
The rise of ghost kitchens, which are restaurants with no physical storefronts, has created some unique investment opportunities. Companies like Nextbite and Kitchen United are examples, but the publicly traded player to watch is Uber Technologies (NYSE: UBER), which has heavily invested in this concept through its UberEats platform.
Fermented Foods
Fermentation might seem like a niche market, but companies like The Very Good Food Company (CNSX: VERY) are taking it mainstream. They focus on plant-based foods and fermented products, riding the wave of health-conscious and alternative food trends.
Airline Food Services
Investing in airline food might not sound glamorous, but companies like Gategroup (private) and publicly traded companies such as Do & Co AG (VIE: DOC) specialize in this. They provide catering services to airlines, an essential but often overlooked part of the travel industry.
Portable Toilets
The portable toilet industry might seem unremarkable, but companies like PolyJohn and Satellite Industries (both private) dominate this niche. On the publicly traded side, you have companies like Waste Management, Inc. (NYSE: WM), which, while broader in scope, includes sanitation solutions as part of their services.
Artificial Body Parts
Companies specializing in artificial body parts, like Ossur (NASDAQ: OSSRY) and Zimmer Biomet (NYSE: ZBH), might sound like something out of science fiction. They manufacture prosthetics and orthopedic products, pushing the boundaries of medical technology.
Spice Trading
Spice companies like McCormick & Company (NYSE: MKC) may not sound weird at first, but their business model is fascinating. They source spices from all over the world, navigating a complex and global market that dates back centuries. Their work ensures that your kitchen is always stocked with flavors from around the globe.
Non-Publicly Traded Companies
Ostrich Farming
Yes, you read that right—ostrich farming! An example of this is Ostrichland USA. Although it’s not publicly traded, it’s a part of a niche market that’s quite interesting. Publicly traded companies in exotic farming or animal husbandry, like Cavotec SA (focused on livestock handling), give a taste of how niche and specific these markets can get.
Human Composting
Recompose, a company focusing on human composting, is pioneering an entirely new industry. Although not publicly traded yet, it’s part of a growing trend towards green funerary services. Companies like these might seek public investment in the future, providing opportunities in this bizarrely fascinating field.
Insect-Based Foods
The idea of eating insects might make some people squeamish, but it’s a growing industry. Companies like Aspire Food Group and Entomo Farms (though not publicly traded) are leading the way in insect protein. There are also publicly traded companies such as Archer Daniels Midland (NYSE: ADM) that are exploring alternative protein sources, including insects.
Adam Garcia, finance expert at The Stock Dork, says:
“The stock market is home to some truly strange and unique companies. Investing in these quirky stocks can add an element of fun and novelty to your portfolio, but always remember to do thorough research and understand the risks involved.”
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