Jumia helps both producers and buyers in Africa, providing markets for the former and services for the latter. “Jumia has an opportunity to really benefit from the gig economy,” Dziekanski adds, and because of its small size, it has enormous room to grow. Revenue was hit hard by the pandemic but had returned to previous levels by the December quarter. In 2019, the company had $4.8 billion in revenue, growing at 31%, with gross income growth of 29%. Playing the new trend isn’t as easy as just buying first-to-mind gig economy stocks like Uber Technologies (UBER) or Lyft (LYFT). They’re no longer the bleeding edge, says David Dziekanski, portfolio manager and partner at Toroso Investments.
The biggest tailwind for such businesses is their expansion into large, untapped, addressable markets. If GIGE’s performance is any indication, it’s worth paying attention to gig stocks. Since its launch in May 2019, GIGE is up around 95%, roughly twice the total return (price plus dividends) of the S&P 500 over the same time. Read on as we discuss some of Dziekanski’s favorite gig economy stocks held in the GIGE portfolio. If you do this, you’ll experience some volatility along the way.
With its tremendous expansion and growing popularity, its scope now spans multiple sectors. From food delivery and grocery shopping to hiring plumbers or graphic designers, the convenience of accessing services on demand has transformed daily life. For many workers, the appeal of being their own boss and working independently is undeniable. Square was founded in 2009 to help small merchants, even gig workers, accept credit cards using hardware that plugs into a smartphone. It’s since launched other services, including scheduling, employee management and business analytics. For most people who are just trying to learn stock market investing, this means choosing between a standard brokerage account and an individual retirement account (IRA).
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Lyft stands among the top players in the ride-hailing industry, offering drivers a flexible way to earn income using their own vehicles. The majority of its revenues comes from ridesharing services, where drivers pay fees and commissions to access the platform. Beyond ride-hailing, Lyft’s portfolio includes shared rides, electric bike and scooter rentals, and partnerships with public transit systems. One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play.
One potentially appealing feature of Roth IRAs is the ability to withdraw your contributions (but not your investment profits) at any time and for any reason. The main risks are related to how volatile stocks can be over short periods of time. Swings of 10% in the stock market are rather common, happening about once a year, and declines of 20% or greater (which define a bear market) happen occasionally. If you want to invest in individual stocks, you should familiarize yourself with some of the basic ways to evaluate them. There, we help you find stocks trading for attractive valuations.
But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike. While AMZN is an exceptional investment, we believe that AI stocks hold promise for delivering high returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than AMZN and which trades at less than 5 times its earnings, check out our report about the cheapest AI stock. All the advice about investing in stocks for beginners doesn’t do you much good if you don’t have any way to actually buy stocks.
The company continues to pursue strategic collaborations — including with DoorDash and autonomous vehicle firms like Mobileye, May Mobility and Nexar — to drive further expansion. Copyright © 2025 FactSet Research Systems Inc.Copyright © 2025, American Bankers Association. SEC fillings and other documents provided by Quartr.© 2025 TradingView, Inc. NEW YORK–(BUSINESS WIRE)–Hadron Energy, Inc. (“Hadron”), a cutting-edge innovator in Micro Modular Reactor (“MMR”) technology, announced today that it has received an official White House communicat…
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Partnerships with companies like Dick’s Sporting Goods and Big Lots have further diversified its range of services. DoorDash stands as a leading example of the gig economy, linking millions of Dashers with customers across the United States and internationally. Relying on independent workers to deliver food, groceries, and various goods, the platform thrives on their flexibility — allowing Dashers to decide when and where to work using their personal vehicles. While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.
Airbnb lets people rent rooms, apartments and houses like hotel rooms, by the day, week or gig stocks month. It has gotten pushback in many cities for raising rents by taking properties off the market and turning cities into amusement parks. The platforms that win will be those that enable you to work for many different employers, even in different kinds of jobs. GOBankingRates’ editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services – our reviews and ratings are not influenced by advertisers.
Fiverr is a freelance marketplace full of professionals offering a variety of services. According to The Motley Fool, beyond Fiverr seeing growth and expansion, it is a good stock pick because more buyers are coming to the platform and they’re spending more. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month.
Airbnb competes with such internet travel sites as Booking Holdings (BKNG), Expedia Group (EXPE) and TripAdvisor (TRIP). Just three months after going public, it’s worth more than any of them. Toroso Investments, meanwhile, is based in Chicago, while SoFi is run from Los Angeles. Sign up for our daily newsletter for the latest financial news and trending topics.