One of the hottest sectors in the market right now is 3D printing stocks.
On August 7, 3D Systems Corporation (NYSE: DDD) reported earnings that were much better than expected. Since then, the entire sector has been on fire!
3D Systems is up 50% since August 7, to $20.37. Stratasys (NASDAQ: SSYS) is up 29% to $24.52, and Protolabs (NYSE: PRLB) is up 12.5% to $140.65.
Now, it’s possible that any sector in the market, for a number of reasons, can go on a hot streak. I believe, however, that 3D printing has a huge future in front of it.
If you recall (many people don’t), 3D printing was all the rage in 2012. It was thought that every household would have a 3D printer; however, that never happened. Instead, the 3D printing stocks crashed and burned, with 3D Systems and Stratasys losing 90% of their value.
Over the last three years, 3D printing stocks have moved sideways, and have been completely out of favor.
However…now may be the time to take a serious look at this group!
According to ARK Invest, the total 3D printing market is currently $6.5 billion, and could grow nearly tenfold by 2022, to $65 billion:
Check out this example of the amazing ways in which 3D printing is being implemented today.
Until next time…
My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.