3 Brilliant Growth Stocks to Buy Now and Hold for the Long Term

These three companies are distinct, and their stocks present a range of risk-reward considerations for investors. I'm going to run through them in ascending order of risk and reward potential, so industrial software company PTC (NASDAQ: PTC) is probably the lowest risk, followed by machine vision specialist Cognex (NASDAQ: CGNX), and then air taxi manufacturer Joby Aviation (NYSE: JOBY).PTC is demonstrating excellent underlying growth even as its customers are facing challenging conditions. This speaks to the critical importance of its software products to the modern manufacturing economy. In a nutshell, its key growth driver is the increasing adoption of digital technology in manufacturing processes, whereby the physical and digital worlds connect to provide data and insights that allow companies to continuously improve the development, manufacturing, servicing, and ultimately disposal of their products.I appreciate this is a lot to take in conceptually, but consider the concept of a closed-loop digital thread, whereby a continuous flow of data coming from a product's design (using PTC computer aided design [CAD] software), engineering and manufacturing (PTC's product lifecycle management [PLM] software), through to servicing (PTC sells service lifecycle management [SLM] software).Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool