The Zacks Analyst Blog Highlights: IRobot, FANUC And Rockwell Automation
Zacks Investment Research | Nov 29, 2017 09:44PM ET
For Immediate Release
Chicago, IL – November 30, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include iRobot (NASDAQ:IRBT) , FANUC Corp. (OTC:FANUY) and Rockwell Automation (NYSE:ROK) .
Here are highlights from Wednesday’s Analyst Blog:
A.I. and Robotics Gain Ground: 3 Pure-Play Stocks
About a month ago the Kingdom of Saudi Arabia granted citizenship to the humanoid robot Sophia, developed by Hong Kong-based Hanson Robotics. If this was not intriguing enough, in another groundbreaking move, New Zealand-based entrepreneur, Nick Gerritsen, has recently developed the world’s first artificial intelligence (AI) politician, Sam, who can address local issues related to education, housing and immigration. So, it may not be too wrong, at this point of time, to foresee a future where bots live cheek by jowl with humans!
The incredible developments in the AI space hollers for investors’ focus on companies that are principally engaged in this groundbreaking field.
Moreover, according to a survey of 260 large organizations conducted by Vanson Bourne, a leading technology industry market research firm, 80% are investing in AI and 30% are planning to increase their investments in this space over the next three years.
Proliferation of AI & Bots
Car manufacturer Tesla (NASDAQ:TSLA) is in pursuit of a driverless future and has already dished out successful electric variants such as Model S, Model X and revolutionary Model 3. Northrop Grumman (NYSE:NOC) is a pioneer in training drones to land — and avoid landing — on aircraft carriers.
Accuray develops and markets the CyberKnife Robotic Radiosurgery System, which extends the benefits of radiosurgery to include extracranial tumors in the spine, lung, prostate, liver and pancreas. Amazon (NASDAQ:AMZN) has adopted robotic technology to its advantage in its fulfillment centers.
Given the prominence that bots are gaining, let’s take a look at some of their creators. These companies bode well for investors with foresight and perseverance.
Stocks in Focus
Back in 1990, three MIT graduates came together to form the first company that comes to our mind when we mention robots. This is Massachusetts-based iRobot, which designs robots to perform dull, dirty or dangerous missions in style.
Its proprietary iRobot AWARE Robot Intelligence Systems technology implements advanced concepts in navigation, mobility, manipulation and artificial intelligence that form the lifeblood of its behavior-based family of consumer and military robots. Naturally, this is the stock if you are futuristic and have faith in technological evolution. Supporting our view is this Zacks Rank #3 (Hold) company’s impressive Zacks Investment Research
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