CGNX - 3 Stocks Poised for Huge Growth Over the Next Decade
Some growth companies are trying to create new markets with their products or services, and others are trying to create solutions to needs that don't even exist yet. However, what if you could in invest in stocks that already fulfill an existing need? And what if that need is set to explode in the next decade? That's exactly what industrial software companies PTC (NASDAQ: PTC) and Dassault Systemes (OTC: DASTY) and machine vision specialist Cognex (NASDAQ: CGNX) are set to do in the coming years. Here's why.
If the British led the first industrial revolution (steam and fossil fuel power) and the second (electrification) saw Europe and America chime in, the third (use of automation and computerization in production) was definitely driven on an industry level by early technological adopters such as the automotive and semiconductor industries. Indeed, it's no accident that leading automaking countries Germany and Japan are home to the world's leading automation and robotics companies.
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