The Bot Brief

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

- Victor Hugo

Bots in the News:

Despite the devastating market’s move on Friday, none of the components within the Bot Index declined by double digits for the week. The bots outperformed the broader market with its 1.68% slide versus the S & P 500’s 2.36% drop.

The best performance within the Bot Index was recorded by Lincoln Electric. Posting a near 6% increase, LECO’s jump was propelled by its second quarter earnings report. The company noted its revenue of $1.09b (up 6.6% from 2Q 2024) and net income that came in  US$143.4m (up 41% from 2Q 2024). Profit margins rose to  13% (up from 10.0% in 2Q 2024). Earnings Per Share jumped to $2.58 (up from US$1.79 in 2Q 2024).

Both Amazon and Oceaneering International fell during the week despite both reporting earnings above expectations. Within the reported numbers, however, investors were not impressed with Amazon’s comparison with AI rivals and OII’s numbers did not convince Zach’s Investors to remove its sell recommendation. Amazon fell 7.21% to lead the losers and Immersion Corp. slid 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 company 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 materials presented.