$10,000 Invested in These Growth Stocks Could Make You a Fortune Over the Next 10 Years
If you have $30,000 to invest and are looking to strike it big in a decade or so, then it's a good idea to look at some companies exposed to megatrends in the economy. I think industrial software company PTC (NASDAQ: PTC), infrastructure software company Bentley Systems (NASDAQ: BSY), and machine vision specialist Cognex (NASDAQ: CGNX) fit the bill. They are all established companies with technology that's highly likely to be widely adopted in a decade. If so, their revenue and earnings will expand dramatically. Here's why all three will suit speculative investors with risk tolerance.
It's easy to visualize the changes in the consumer world from the increasing use of digital technology through internet-enabled devices. They are a ubiquitous part of our everyday life. However, the most significant impact of the Internet of Things (IoT) may well come in the industrial sector.
That's where PTC comes in. The company's computer-aided design, or CAD, software is used to design physical products, while its product lifecycle management or PLM (PTC is the market leader in this category) manages the physical asset from inception to production and through to disposal via the creation of a mass of data. There's more. PTC's Internet of Things, or IoT, connects the physical asset to the digital world, enabling a "digital twin" to be created, simulated, and modeled using real-time data to predict the physical asset's behavior better. Finally, PTC's augmented reality, or AR, solutions help users digitally overlay complex information onto a physical asset.
Source Fool.com
