In mid-April, I recommended buying Cisco (CSCO – Analyst Report) at $28 as one of my top picks to capitalize on the major technology trend known as The Internet of Things.
Now that the stock has been bumped up to a Zacks #1 Rank Strong Buy, I’m still a fan of “the architect” of the worldwide web. Here was the argument in my Zacks Confidential report from April 13…
Now that Apple (AAPL – Analyst Report) has launched its first smartwatch, the “Internet of Things” (IoT) will be getting a lot more press and investors will be busy trying to uncover the opportunities.
The Apple Watch is not the first wearable smart-device that can connect to the web and other devices, but it will certainly create the most buzz, fostering not only curiosity about the IoT, but also broader acceptance of the mysterious technology and its goal of storing and tracking more of your data and actions.
But the IoT is not just about connecting your home, car, appliances, devices and body to each other and to the web, it’s about a revolution in industrial innovation and efficiency that will make the global economy significantly more productive.
How much more productive? How about $19 trillion worth.
In this report, I’ll explain that number and much more about what the IoT is and how to get a piece of those trillions.
What is the Internet of Things?
Goldman Sachs calls the IoT “the third wave of the Internet.” The first “wave” was the World Wide Web connection to your desktop in the 1990s. The second wave was when mobile devices could connect. Simona Jankowski, Goldman Sachs Global Investment Research senior analyst, writes on a special website devoted to the IoT…
“By connecting to the Internet billions of everyday devices –- ranging from fitness bracelets to industrial equipment –- the IoT merges the physical and online worlds, opening up a host of new opportunities and challenges for companies, governments and consumers.”
