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"There is no force on earth more powerful than an idea whose time has come."     

- Victor Hugo

 

 

 

It was a strong week for the robotic stocks as they bested the broad market with a 4.19% gain. The S & P 500 improved only 85 basis points. Three of the Bot Index’ 30 components produced double digit returns for the week while 4 others increased in excess of 7%. Good news on the inflation front prompted comments regarding Fed policy and improved prospects for a rate cut.

 

The best results were noted by 3D Systems. The lower priced issue surged 24% as it announced a new relationship in the energy sector that could represent a $17 billion market by 2032. NAMI made initial purchases of 3D System’s additive manufacturing capabilities within the electric energy sector.

 

Joining 3D Systems were Immersion Corp. who rose 10.52% and iRobot’s 10.19% gain. Immersion has been on an upward trend over the past few weeks, leading several Wall Street advisors to tout the company with headlines such as, “7 Small-Cap Stocks With Massive Potential Returns” and “Best Value Stocks to Buy for July 5th”.

 

Other components performing well for the week included Novanta whose 10.56% gain was the result of a Simply Wall Street feature entitled “Is Now The Time To Look At Buying Novanta Inc.”.

 

Pacing Novanta were Faro Corp., Rockwell Automation and Cognex Corp. with returns  exceeding 7%.

 

 

 

 

Member: American Economic Association, Society of Professional Journalists, United States Press Association. Institute of Chartered Financial Analysts, Robotic Industries Association (now A3 Automation), Member IEEE. 

 

 

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 in the brief and its commentaries, analysis, opinions, and research represent the subjective view 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 the material presented.