Investing in thematic trends can be a good idea because it usually means putting money into companies that can benefit throughout the economic cycle. In this context, the fourth industrial revolution makes industrial software company PTC (NASDAQ: PTC) attractive. Likewise, the need to reduce carbon emissions in buildings makes Johnson Controls (NYSE: JCI) a growth stock worth buying. Finally, positive aerospace and defense spending trends make Raytheon Technologies (NYSE: RTX) worth a look. Here's why.
Image source: Getty Images. An example of augmented reality at work.
Otherwise known as Industry 4.0, the term refers to the growing use of digital technology to improve the performance of physical assets. One example is the creation of digital twins, whereby a physical asset is copied digitally. Modeling the twin allows data garnered from the physical twin to simulate and model the physical assets' behavior and ensure optimal performance. For example, a bottling production line can be modeled digitally in order to better predict when it needs to be serviced.
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3 Top Trends to Invest $10,000 in Right Now