AIR - $5000 Invested in These 3 Stocks Could Make You Richer Over the Next 20 Years
Investing for the long term requires taking an overarching thematic view of the development of businesses rather than getting caught up in how they are doing over a quarter or two. That's a consideration worth keeping in mind when looking at machine vision specialist Cognex (NASDAQ: CGNX) , aviation services company AAR (NYSE: AIR) , and industrial software company PTC (NASDAQ: PTC) . All three have had issues in 2021, but those shouldn't detract too much from their long-term prospects.
The machine vision specialist's third-quarter results were a disappointment. Gross margin came in lower than anticipated as a combination of supply chain pressures and unfavorable margin mix impacted profitability. Moreover, its revenue guidance for the fourth quarter was lower than analysts were expecting, as management is concerned about supply constraints and ongoing weakness in its consumer electronics end market.
That said, there were a couple of pieces of good news from a long-term perspective. First, Cognex's automotive-based sales (the auto industry has long been an early adopter of automation technology) are growing strongly. The company is starting to demonstrate how it will benefit from the industry's shift toward producing far more hybrid and electric vehicles .
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$5,000 Invested in These 3 Stocks Could Make You Richer Over the Next 20 Years