1 Top Growth Stock to Buy Without Hesitation
Buying growth stocks usually implies believing in the company's long-term earnings potential. That belief should remain even when the company's end markets are going through some temporary weakness. That is the argument behind buying stock in positioning and modeling technology company Trimble (NASDAQ: TRMB). The company has seen some weakness in its end markets but still has excellent long-term growth potential and trades at a favorable valuation.
The industrial technology company has bright long-term growth prospects. It operates across four main end markets: infrastructure/construction, transportation, agriculture, and geospatial. Its hardware and software technology was originally used purely for positioning and sensing (for example, geospatial mapping) but over the years it has evolved into planning and modeling (an example includes tracking and planning trucking fleet movements). Now, it's moving toward analytics and optimization, using data to improve daily customer outcomes, such as with precision agriculture and construction management.
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Source Fool.com
