Over the past few years, many investors flocked toward artificial intelligence (AI) and AI-adjacent stocks.
However, that buying frenzy drove the S&P 500 to its all-time highs — so the market might be due for a near-term pullback from its historically high valuations
To insulate themselves from that inevitable downturn, investors should diversify their portfolios into other less overbought sectors. One such sector is the transportation industry, which will continue to grow as long as companies need to transport people or products. Let’s take a closer look at two promising transportation stocks that are worth buying this year: Joby Aviation (NYSE: JOBY) and Canadian National Railway (NYSE: CNI).
The former is a good fit for speculative investors, while the latter is a dependable blue chip play. The speculative play: Joby Aviation Joby Aviation develops electric vertical take-off and landing (eVTOL) aircraft. Its S4 eVTOL can carry one pilot and four passengers, travel up to 150 miles on a single charge, and reach a maximum speed of 200 miles per hour.