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August 27th, 2010

Nanotech Stocks are Poised for Growth

Abstract:
Just one word: Nanotech

My guess is that if Mr. McGuire were to offer his advice today, his one word wouldn't be "plastics"; it would be "nanotech."

Like plastics, computers, and the Internet before it, nanotechnology will change the world in ways that we can't even imagine now. That's how powerful the nano-world will become.

And like the paths of those earlier "big ideas," nanotech is just beginning to roil the surface — giving investors another chance to beat the crowd.

The National Science Foundation has predicted sales of nanotech-related products would reach $1 trillion by 2015 and provide at least 800,000 new jobs in the U.S. alone (to support that figure).

And with over 160,000 employees now working in the nanotechnology sector — and a 25% annual growth rate — those figures will likely become reality over the next five years.

All of which, of course, will create an environment of opportunity for both workers and investors alike in the near future and beyond — as plastics did so long ago.

Source:
wealthdaily.com

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