These robotics and automation stocks could climb up to 68% in the next year

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Wall Street loves these stocks owned by at least two of five ETFs focused on this long-term shift.

Investors looking for the best stock-market performance have been well-served for many years by focusing on companies using new technology to increase their sales quickly and steadily. The performance of the S&P 500 index has borne this out.

All five of the automation and robotics ETFs have trailed the broad market this year. During 2020, ARKQ was a stellar performer in part because of its big bet on Tesla, which skyrocketed 743% for the year. ROBO has outperformed SPY for five years but underperformed QQQ for all periods. Yet, as you will see, three Chinese tech giants held by some of these ETFs are highly regarded by Wall Street analysts.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong Streamlines HAF and Industry Support Programs Ready for In-Person Events Next YearThe Hong Kong International Film Festival Society is to streamline the industry support measures that it operates under the leadership of Jacob Wong, in time for what it hopes will be in-person eve…
Source: Variety - 🏆 108. / 63 Read more »