"There is no force on earth more powerful than an idea whose time has come." - Victor Hugo
Bots in the News:
The Bot Index fell 1.12% last week after the Japanese holdings gave back some of their strong gains over the past few weeks. The S & P 500, however, gained 10 basis points. Also contributing to the underperformance, Oceaneering International fell 9.37% as oil prices continue to slump. Immersion Corp. slid 6.66% with no news to contribute to the disappointing stock movement.
Intuitive Surgical rose 5.56% to lead the winners within the index as both Truist and RAC upped their expectations for the stock to $650 (the stock closed at $572.47 on Friday).
Palantir jumped 5.34% as government contracts to utilize the company’s AI defense platforms continue to flow. The greatest of which is the up to $10 billion contract with the U.S. Army for software and data tools over ten years.
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.
