by winston » Tue Nov 10, 2015 8:42 pm
A BIG WINNER IN THE "INTERNET OF THINGS"
It's one of the most important tech trends right now... and today's chart showcases one of the biggest beneficiaries.
We're talking about the "Internet of Things." As wireless technologies advance and become more affordable, folks are finding more and more uses for them in our everyday lives.
You've likely heard of some of these new technological innovations, like cars that drive themselves, refrigerators that order groceries, homes that know to turn off the lights, and health-monitoring devices that send vital signs right to your doctor.
As you might expect, this trend is a major tailwind for dominant tech companies involved with its development. One of those companies is giant conglomerate General Electric (GE).
GE is one of the pioneers of the Internet of Things movement. It's one of the leaders in device connectivity and already has products for hospital operations, airline fuel optimization, and many other solutions.
As you can see from the chart below, GE has soared recently as this trend has picked up steam. The company is up more than 20% over the past two months and shares just struck a fresh 52-week high.
This trend will only get bigger, and GE should continue to benefit from this movement.
Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"