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Weekly Bot Brief on Robotic Research and Investment Review 7-12-2019
POSTED 07/14/2019
"There is no force on earth more powerful than an idea whose time has come." -Victor Hugo
Bot Index Highlights:
In an unusual twist, the Bot Index declined last week the exact same amount that it gained the prior week. The negative .93 contrasted with the positive .78% of the Standard and Poors 500. There was not much to cheer from the robotic names as the Chinese auto firm NIO Inc. once again led the gainers. The company gained another 5.83% on top of the prior week’s increase of nearly 28%. The advance was attributed to NIO’s reported 2nd quarter deliveries of 3,553 vehicles versus guidance that ranged between 2,800 and 3,200. The shares of NVIDIA Corp. rose 4.61% as reviews of its new gaming chips, the RTX 2060 and 2070 Super, appears to offer competitive advantages over the AMD semiconductors.
The losers within the Bot Index were centered in the Asian companies. Yaskawa Electric led the weakness with a decline of 7.15%. Keyence fell 4.51%, Fanuc declined 4.38% and OMRON Corp. wilted by 3.75%. The low priced Accuray Inc. led the domestic components with a 5.25% shrinkage.
First Half 2019 Performance Results of the Bot Index Components:
|
NIO |
-60.58 |
|
AeroVironment |
-15.98 |
|
Immersion Corp. |
-13.23 |
|
3D Systems |
-9.9 |
|
Ekso Bionics |
-3.05 |
|
|
4.23 |
|
ABB Ltd. |
5.81 |
|
Lincoln Electric |
6.45 |
|
Rockwell Tech |
10.01 |
|
Intuitive Surgical |
11.32 |
|
Accuray |
12.17 |
|
iRobot |
12.69 |
|
Textron |
16.18 |
|
Qiagen NV |
17.63 |
|
HiwinTech |
17.65 |
|
Fanuc Tech |
21.66 |
|
Keyence |
22.39 |
|
NVIDIA |
22.88 |
|
United Tech |
23.6 |
|
Apple |
26.68 |
|
Cognex |
27.23 |
|
Amazon |
28.12 |
|
Faro Technologies |
31.22 |
|
Cyberdyne |
32.48 |
|
Northrup |
33.38 |
|
Teledyne |
35.06 |
|
Yaskawa Electric |
38.78 |
|
Lockheed Martin |
39.15 |
|
OMRON Corp |
44.33 |
|
Oceaneering Intl. |
69.49 |
|
|
|
All in all it was a reasonably good first half of the year for the Bot Index. The final ending level of 180.1219 was indicative of a 2.75% gain. It was a great surprise to see Oceaneering International as the leading gainer for the period and equally surprising to have Google within the bottom ranks. The 130% divergence from the best and worst performers for the half is a first for the Bot Index over any time frame and serves to point out the fact that not all robotic names move in tandem.
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.