2 Colossal Growth Stocks to Buy Before the Big Bull Rally
Industrial software company PTC (NASDAQ: PTC) and ON Semiconductor (NASDAQ: ON) have one thing in common. They are companies whose underlying growth prospects are improving, but the improvement isn't quite seen in their headline numbers yet. They represent precisely the types of stocks investors should look at right now. Here's why.
PTC's software is the future of manufacturing and design in the industrial sector. It's a future built on adopting a so-called "digital thread" that runs through and connects every aspect of a product lifecycle. This digital thread starts with its computer-aided design (CAD) software as a product is designed. It runs through its product lifecycle management (PLM) software as the product is manufactured, used, serviced, and disposed of. Meanwhile, manufacturing and servicing are enhanced using the Internet of Things (IoT) and augmented reality (AR) software.
The "digital thread" allows users to collate and gather a mass of data to continually and iteratively improve design and manufacturing in a closed loop. One example includes how a product can be digitally redesigned (CAD) if the data gathered by PLM and IoT shows that its manufacture can be made more productive with a redesign, or even more accessible to service with a change in design or production.
Source Fool.com
