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Robotics Industry News

Weekly Bot Brief Newsletter on Robotics 1/17/2020

Balcones Investment Research

Bot Index vs. S&P 500 1-19-2020"There is no force on earth more powerful than an idea whose time has come."   -Victor Hugo

 

Weekly Newsletter on Robotic Research and Investment Review 1-17-2020
 

The Bot Index for the Decade 2020:

The bots have done well in the first two weeks of the new decade. With the Indexes repegged for the year-end of 2019, the robotic stocks have increased 6.37%, more than double the 3.06% generated by broader index. The superior returns were despite several of the Japanese components that failed to participate in the market’s strength.

 

Highlights of the Bot Index:

Led by four components that experienced double-digit  returns for the week, the Bot Index gained 3.78%. The best performance was recorded by the Chinese electric automobile manufacturer NIO Corp. The stock increased its share value by one-third. Accuray Inc. gained almost 12% on massive volume, a day before the company was to present itself to the J.P. Morgan Healthcare Conference. 3D Systems rose 14.21% when it reported it had entered a joint venture with CollPlant to produce regenerative medicine. The final double-digit gainer was from iRobot (+11.92%) when Raymond James upgraded the stock from underweight to market exposure.

There were only a few disappointing performers in the Index. Oceaneering International fell 7.46%, most likely due to a decline in crude prices and Yaskawa Electric slid 3.84% despite a relatively robust NIKKI during the week.

2020 Bot Index vs. S & P 500The Bot Index for the Decade 2020:

The bots have done well in the first two weeks of the new decade. With the Indexes repegged for the year-end of 2019, the robotic stocks have increased 6.37%, more than double the 3.06% generated by broader index. The superior returns were despite several of the Japanese components that failed to participate in the market’s strength.

Member: American Economic Association, Society of Professional Journalists, United States Press Association. Institute of Chartered Financial Analysts, Robotic Industries Association.

The Bot Brief is a weekly newsletter designed for economists, investment specialists, journalists and academicians. It receives no remuneration from any companies that may from time to time be featured and its commentaries, analysis, opinions and research represent the subjective views of Balcones Investment Research, LLC. Due to the complex and rapidly changing nature of the subject matter, the company makes no assurances as to the absolute accuracy of material presented

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