"There is no force on earth more powerful than an idea whose time has come."
- Victor Hugo
Bots in the News:
Both the Bot Index and the broader market retreated slightly in last week’s trading. The bots declined less that one-half percentage points, similar to the S & P 500.
The best performance recorded by a component of the Bot Index was AeroVironment who gained 8.13%. The stock has been on a roller coaster for the past few quarters due to its extremely high valuation but tempered by the ever changing landscape for defense. . In fact the Investors Business Daily wrote, “Despite an uneven earnings performance, AeroVironment remains an industry leader with a potent 96 Composite Rating. Last week, BofA Securities initiated coverage with a buy rating and 300 price target. Analysts cited the Pentagon's push for drone warfare, TheFly.com reported. AeroVironment also makes space communication technologies.”
There were three stocks that disappointed investors last week. Amazon fell 5.05%, Zebra Technologies declined 5.89% and Azenta Corp. led the losers with an 8.14% slide.
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.
