The Bot Brief

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

 

 

 

Bots in the News:

 

It is becoming clear that the stock market is being inundated by short-term day traders. Recent press reports regarding the ‘affordability’ of housing in the U.S. have noted a growing use of substituting equities for home ownership as the major investment of a growing number of households. While stock ownership is considered a ‘good’ thing, there is a marked difference between ‘investing’ and ‘trading’. Perhaps it is this trading phenomenon that explains why the market appears to be experiencing weakness on Friday afternoons. The traders want to capture their gains accrued during the week before the weekend’s cessation of market access.

 

The Bot Index was virtually flat for the week while the broad market lost 62 basis points. The bots were supported again by the Japanese companies, several of which gained in excess of four percent. Also, Lockheed Martin rose 6.2% in anticipation of next quarter’s earnings release. According to Zacks Investment Services their consensus estimate for Lockheed’s revenue is projecting net sales of $19.64 billion, up 5.46% from the year-ago period.

 

At the weaker end of the performance spectrum was AeroVironment Corp. The company reported extraordinary gains in revenue production but not only anticipates a loss of earnings in 2025 but again in 2026.  Clearly, investors are hoping for more tangible results in 2027, but that is a long way till redemption. The stock fell 14.15%.