1 Incredible Reason to Buy This Growth Stock Before Interest Rates Drop

Investors often talk about growth stocks in terms of their cyclical growth (tied to the economy) and secular growth (benefiting from a structural and fundamental change in an industry). The distinction is beneficial to understand when looking at machine vision company Cognex (NASDAQ: CGNX).It's no secret that the increasing adoption of technologies like automation and machine vision is the key to modern manufacturing, particularly in reshoring it from countries with lower labor costs. In addition, machine vision's ability to perform repetitive tasks in assembly lines and logistics -- guiding, monitoring, inspecting, and controlling processes more effectively than the human eye -- is a significant plus.Also, consider the potential of deep learning through artificial intelligence (AI). For example, Cognex's software can learn from "right " and "wrong" examples given to it, enabling the hardware to identify anomalies in production. As such, Cognex is also a way to play the AI evolution, as it will significantly enhance the value-add of its solutions.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool