10 Stocks That Will Change the World

9. Zebra Technologies Corporation (NASDAQ:ZBRA)

Number of Hedge Fund Holders In Q1 2024: 31

Zebra Technologies Corporation (NASDAQ:ZBRA) is the second stock on our updated list. It is featured in all media reports as part of our coverage, and the firm provides products such as machine vision scanners and robotic automation software. Zebra Technologies Corporation (NASDAQ:ZBRA)’s product portfolio exposes it to the rapidly growing warehouse robotics industry which seeks to improve warehouse and logistics efficiency. The stock has gained 21% over the past twelve months. Zebra Technologies Corporation (NASDAQ:ZBRA) offers a diverse set of supply chain optimization products which range from track and trace products to mobile products for store sales associates. However, since the firm is exposed to the eCommerce industry, its revenue struggles during slow economic growth.

Zebra Technologies Corporation (NASDAQ:ZBRA)’s management shared details for one of its hottest products, mobile computing, during the Q2 2024 earnings call:

“Additionally, we are able to displace consumer cell phones at a European retailer with our mobile computers and Zebra’s Identity Guardian solution. It provides multifactor authentication for a shared device environment that brings security, productivity, and convenience to the front line. It is also notable that mobile computing contributed to double-digit sales growth in healthcare. Over the past year, our teams have been successfully selling the benefits of our solutions and clinical mobility that empower caregivers while delivering lower total cost of ownership for hospital systems.

We have been displacing consumer cell phones with our devices and there continues to be a long runway of opportunity for equipping more clinicians with mobile computers. In closing, we expect to see broad-based growth in the second half as we cycle much easier comparisons and benefit from momentum beyond retail. We maintain strong conviction in our long-term opportunity for Zebra as we elevate our strategic role with our customers through our innovative portfolio of solutions.”