In which “smart health connected objects” actions to invest?

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We see it day by day thanks to this site, smart health connected objects have taken an important place in our life and have interfered in all areas of our daily lives. The smart health connected objects and Internet of Things (IoT) sector is set to experience exponential growth in the years to come. Consulting firm McKinsey says the number of smart health connected devices is expected to reach 43 billion by 2023 and the value of this market is expected exceed 7 trillion dollars in 2020 according to Statista. So it's more than tempting to invest in the industry, but the ramifications of the Internet of Things are so vast that it's hard to navigate. We give you some keys to choose the best “smart health connected objects” actions in which to invest.

Investment Strategy and Internet of Things

Before investing, it is of course necessary to think about investment strategy. A lot of traders today are investing in the very short term in the hope of making almost immediate profits. We speak in particular of scalping. There is also another technique, swing trading., which consists of opening positions over a slightly longer interval based on a mainly technical analysis. These strategies are effective in many areas, but require some experience. As part of IoT which is a growing sector, many investors will opt for position trading which involves longer term investments hoping to see a company or its products take off.

What are the best Internet of Things actions?

There are so many options that you would lose your Latin. The trend of smart health connected objects is indeed a cross-cutting trend. In pole position, the internet giants obviously have a foothold in the sector and in the development of the underlying technology. We no longer present the Alexa assistant or the Google health home system. In addition, we were talking about this a few days ago: Apple (AAPL), Google (GOOGL) and Amazon (AMZN) are currently working together to create a communication standard for health home automation devices. These companies are therefore an excellent gateway to invest in the smart health connected objects sector.. It's sort of the tip of the iceberg for the all-rounder.

Shadow actors and applications to industry

However, the impact of the Internet of Things is most remarkable at the industry level. According to IDC, it is indeed in this segment that investments will be the highest in the coming years. If we take this aspect into account, we will certainly have to look at companies like Cisco Systems (CSCO), Honeywell (HON) or even Emerson Electric (EMR) and NXP Semiconductors (NXPI) to name a few . Also in healthcare, the potential applications of smart health connected objects are important. IBM (IBM) is a major player in the sector. We see, there is no shortage of options and this article provides only a tiny glimpse of investment opportunities.

And in France ?

France has an Internet of Things champion in the CAC 40, STMicroelectronics (STM). The Franco-Italian company develops electronic chips. In 2017, STMicroelectronics had already been identified as one of the three stocks to buy without delay on the Nasdaq blog. Guess what ? It was the best performance of the CAC 40 in 2019 with an increase of almost 95% since the start of the year.

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