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The Bot Brief
POSTED 01/06/2025
"There is no force on earth more powerful than an idea whose time has come."
- Victor Hugo
Bots in the News: 
The auto stocks made news in the beginning of the new year…and not in a good way. Whether it was a Ford pickup or a bursting Tesla, both vehicles were implements used to create mayhem in public venues. The resulting fallout most certainly impacted the first week of market activity. The S & P 500 fell nearly one-half percent while the Bot Index gained 81 basis basis points.
A surprising source of strength was noted that assisted the bots to outperform the general averages. iRobot Corp. jumped an amazing 24.65% for the week, most of which took place during Friday’s trading. According to Zach’s Research, “iRobot’s rally is largely driven by optimism over investments in higher-value robotics, machine learning and complex mechanical design. Solid product offerings, innovation capabilities and operational initiatives bode well for the company.
This robotics technology company is expected to post a quarterly loss of $1.45 per share in its upcoming report, which represents a year-over-year change of +20.3%. Revenues are expected to be $190.68 million, down 38% from the year-ago.”
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Friday, the volume of the company’s stock jumped from the prior day’s trading of 779,100 to 2,939,350 shares.
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.