The Bot Brief 11-29-2024

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.

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

Bots in the News:

In the holiday abbreviated trading session, the equity markets continued their upward momentum. Projections of a strong Black Friday and Christmas gift buying season led investors to anticipate a boost to GDP in the fourth quarter. While the Bot Index was virtually flat due to a bit of weakness in the Japanese holdings, the broader market gained 1%.

There were only two stocks that noted excessive weakness – NIO Inc. and 3D Systems. NIO fell 7.63% as fears of tariffs and possible delisting befell this Chinese EV manufacturer. 3D Systems declined 6.60% following disappointing earnings and revenues and a comment by management that there is fundamental weakness in system sales.

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The two best gainers included Amazon who rose 5.5% due to excellent preliminary sales indications for Black Friday and iRobot’s jump of 7.61% with an unexpected earnings beat.

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.

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