For the most part investments in the space haven't really worked, but at this point it's hard to tell the difference between being early and being completely out to lunch.
The number of connected devices has risen from a few million to a few billion over seven years. That's nothing though. Experts predict trillions of connected devices!
More readings:
Internet of things is going to be vulnerable
Most aren't aware smart appliances exist
More predictions on connections
IBM plans to stake a claim in the IoT
The networking group ETFs and indices have based nicely in 2014. The long term relative under-performance is ghastly, but there is a significant market share shift happening across the space as product development still is in it's youth.
Here's a peak at the ARCA Networking index back to 2000. This price setup is similar to the Semiconductors back in the spring.
Here are some of the leading stocks in the group that have my attention.
Leading mid-cap name FFIV is testing multi year resistance as the stock has held up nicely after a straight line move from teens to 140's.
Recent IPO Arista Networks has seen healthy demand as it touched new all time highs Friday.
SWIR has been a huge leader in the IoT. Their machine to machine product offering has exploded in the past year or so. What a jaw dropping August with the volume surge to back it up.
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