3 Stocks That Could Make You Rich
Industrial software company PTC (NASDAQ: PTC), OLED materials and technology Universal Display (NASDAQ: OLED), and positioning technology company Trimble (NASDAQ: TRMB) are all growth stocks set to significantly grow earnings in the coming years. That's usually great news for long-term investors looking to build wealth over the decades. Let's examine why all three might attract blue sky-orientated investors.
The industrial software company plays on the increasing digitization of the industrial economy. This is sometimes referred to as the fourth industrial revolution and is characterized by connecting physical assets to the digital world to improve asset performance. For example, consider a factory that has been "digitally twinned" so its owners can model and simulate performance digitally and then use that information to predict when equipment needs servicing or improve performance.
PTC's internet of things (IoT) solutions help companies connect assets to the digital world, while its augmented reality (AR) solutions allow technicians to service equipment without even being physically present. Moreover, using AR, personnel can use digital information to better service equipment.
Source Fool.com
