Stocks crept higher in early trading to start the final day of the first week of Q2 earnings season. Though many of the institutions that have reported this week have exceeded analyst expectations, Wall Street seems unimpressed. The Dow has gained 0.3% so far this week. The S&P 500 has seen a loss 0.2% and the Nasdaq composite has suffered a weekly loss of 1%.
The robotics industry seems to be at the cusp of recovery in 2021 as the world adjusts to new trends post pandemic. Notably, as the COVID-19 pandemic led to the practicing of social distancing norms, the demand for robotics and automation increased. Moreover, even after the pandemic is over, such trends are expected to continue as the rapid shift to digitization maintains its upward trajectory. In fact, Elisabeth Reynold, the executive director of Massachusetts Institute of Technology’s task force on the work of the future, stated that some firms, which have learned to maintain productivity with fewer workers “will not be willing to unlearn it”.
Automation was already an area of focus before the pandemic. In areas such as manufacturing, robotics has been an integral part of the process. The demand for industrial robotics in automotive and electronics is set to make a comeback in 2021, following the slump last year due to the pandemic. Per a report by Robo Global, by the end of 2021, the installed base of factory robots is estimated to exceed 3.2 million units which will be double the level seen in 2015.
Our trade alert for today highlights a robotics firm which provides automation solutions to lead players in the semiconductor industry.
Watch Demo of Elon Musk’s Next Big Project
Elon Musk made $180 million on PayPal, $18.7 billion on SpaceX, and $110 billion on Tesla. But it’s what he’s planning next that will shock everyone. It could even put up to an extra $30,000 in your pocket every year. [Click here to watch the demo.]
Brooks Automation, Inc. (BRKS) provides manufacturing automation solutions for the semiconductor industry, and life science sample-based services and solutions for the life sciences market worldwide. Under the Brooks Semiconductor Solutions Group, products include atmospheric and vacuum robots, robotic modules, and tool automation systems that offer precision handling and clean wafer environments, among others. Notably, the robots are well-equipped to handle wafers of all sizes, thin or bonded, and specialized wafer carriers. Further, the robots help in proactive monitoring and upgrading equipment productivity.
The company’s expected earnings growth rate for the current year is 18.6%. If that isn’t reason enough to draw your attention to BRKS stock, consider what the experts have to say. Of five analysts offering recommendations BRKS, 5 rate the stock a Buy and 3 rate it a Hold. There are no Sell ratings for the stock. A median 12-month price target of $115 represents an increase of 32%.
Where to invest $1,000 right now...
Before you consider buying Brooks Automation, Inc. , you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not Brooks Automation, Inc. .
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
True Market Insiders:
Why December 31st Could Set Off A “Tech Boom” In Stocks
Thanks to the rare convergence of three economic triggers, the clock is ticking down for a once in a lifetime wealth building opportunity. [Here’s how to play it.]