Most of you know I’m a big fan of 3D technology stocks…
While I’ve opted to stay out of stocks like 3D Systems (DDD) and Stratasys (SSYS) in recent months, they may be bottoming out here with sights set on higher highs.
DDD looks to have found solid support around $36 a share with rebounding MACD and RSI.
SSYS looks to have solid support, too, around $64 with reversing RSI and MACD.
People are printing everything from toys and shoes to jewelry, guitars… and even guns.
• A Belgian team of engineers recently produced a 3-D printed car called the Aerion that could go from 0 to 62 mph in 3.2 seconds with a top speed of 88 mph.
• Jay Leno recently used a 3-D printer for a rare part he needed for a vintage motorcycle.
• An engineering professor at the University of Southern California figured out how to build a house with a printer.
• Engineer Michael Guslick claimed that he printed and fired the world’s first homemade 3D-impressed gun.
• In 2011, an airplane was 3D printed, produced in less than a week, and took flight.
• Heck, your son wanted a new bike but you couldn’t find one that he liked. So you went online, designed your own bike, went to your 3-D printer, and printed it out.
Not long ago, I drove for miles to get my six year old the latest Lego ships.
I still remember watching my parents plow through the snow, and brave holiday crowds just to get me the latest Huffy bike.
Now, it seems I – and my parents – can sit in a warm house and print this stuff out.
Sure, these 3D printers have been around since the late 1980s. But printer makers are just now turning their attention toward the consumer market.
Some printers capable of printing out key chains and game pieces can be designed and printed in the comfort of your living room.
I could easily go on.
But the fact remains that this will easily become the next trillion-dollar market.
Health care companies, architects, auto makers, consumer goods producers – you name it – are racing for a piece of this technology.
This very technology will cut down on the time it takes for a company to develop a new product and produce it. It’s just part of the reason why spending on 3D printers is forecast to grow another 15% to $1.5 billion this year, according to Piper Jaffray.
It’ll hit $5 billion by 2020, says the firm.
The growth is there…
All we had to do was wait for our buying opportunity, which we just got.
Ian L. Cooper