Take a look at these top robotics funds amid growing interest in automation
Robotic stocks often give investors a sense of excitement. To some extent, investments in the stock market relate to the assessment of the potential of the industry and the companies in it. Well, robots have been around since the 1960s, and their popularity has grown over the last few decades. This should come as no surprise as robots offer better efficiency. Even the healthcare industry uses robotics in today’s world. For example, Stryker Corporation:‘s (NYSE: SYK) Mako allows surgeons to have a more predictable surgical experience when performing joint replacement surgery.
Also, Tesla Inc:(NASDAQ: TSLA) CEO Elon Musk said on Thursday that he would launch the Tesla Bot prototype next year. This humanoid robot is designed to do dangerous, repetitive, or tedious work that humans would not normally want to do. For now, no one is sure what the next technological breakthrough will be, but robotics certainly seems like a reasonable bet. So do you share the same level of optimism about robotics? If so, here is a list of some robotic stocks in the stock market today.
Buying the best robotics stocks [Or Avoid] Until September 2021
First, we have a supplier of industrial automation solutions, Rocked. It basically operates in two segments: ite state և software և control products և solutions. Its automation platform products include programmable automation controllers, human-machine interface products, sensors, car safety devices and much more. ROK stocks have been growing steadily since the beginning of the year, seeing more than 25% growth during that period.
For the third quarter fiscal year, Rockwell reported sales of $ 1.84 billion, up 32.6% year-on-year. Meanwhile, the total operating income of its sector amounted to 368.7 million dollars, an increase of 60.7% over the previous quarter. These outstanding results reflect the growing demand for Rockwell’s core automation and digital conversion solutions.
It is noteworthy that the company expanded its offer of industrial cloud software with the acquisition of Plex Systems in July. Plex is a leading clean software service as a cloud-enabled, cloud-enabled manufacturing platform. This achievement will accelerate the company’s strategy to bring the merged enterprise to life. In addition, it will improve software revenue growth և strengthen its annual recurring revenue streams. With that in mind, are you considering adding ROK shares to your list?
Intuitive Surgery, Inc.
After that we have a health giant that lives heavily in the robotics sector, Intuitive surgery. When it comes to robotic surgery, the company is one of the leaders in the industry. To date, the company has helped tens of thousands of surgeons perform 7 million surgeries worldwide. ISRG shares have risen more than 50% over the past year.
The company uses precision և efficient robots for superior minimally invasive care. Its da Vinci surgical system will help increase the surgeon’s skills. For example, his vision system provides high-quality 3D images that give surgeons a crystal clear view of the surgical area, which is 10 times larger than the human eye. In addition, there is a built-in vibration filtering technology that helps the surgeon move each instrument smoothly and accurately. Overall, the company’s robotic technology has been a huge success in the healthcare industry.
To show the growing popularity of the Da Vinci system, we need to look no further than the last second quarter business update report. It is likely that da Vinci’s procedures increased by about 68% compared to the second quarter of last year. Adoption also increased as the company delivered 328 da Vinci surgical systems, up from 178 last year. Naturally, its revenue also increased by 72% year-on-year to $ 1.46 billion. In general, intuitive surgery is in a good position in the industry on a solid basis. So, would you consider ISRG Shares the best robotics watch?
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Now it will be another hot name in the robotics industry UiPath:. For Strangers, UiPath is a global software company specializing in robotic process automation (ROT). Or it may seem like a dream at the moment, the company aims to have a robot for everyone, hoping to change the way people work. Now, wouldn’t that be quite exciting?
Earlier this month, UiPath announced the launch of its first public sector advisory board. The board will consist of former government technology officials, economists and academics. In detail, it will provide the company with external perspectives on all types of governance, global economic trends and new automation opportunities to help public sector agencies fulfill their mission. While UiPath has already deployed its automation platform in more than half of the US states, the need for automation continues to grow. Therefore, the ideas of this Board will be relevant for the company in the long run.
From a financial point of view, the company had a strong start to the 2022 fiscal year. It recorded revenue of $ 186.2 million for the first quarter, up 65% year-on-year. Meanwhile, its accounting return (ARR) amounted to $ 652.6 million, an increase of 64% year on year. This strong demonstration of the company’s leading position in enterprise software automation. Would it be wise to invest in PATH shares now, before the second quarter earnings report on September 7?
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To sum up, we have another medical technology company that has a strong influence in the robotics sector. Medtronic. Simply put, it develops, manufactures, markets medical equipment, technologies to its customers in about 160 countries. Its Hugo ™ Robotic Assisted Surgery (RAS) system combines the precision of wrist instruments, regardless of the flexibility of robotic carts, with the best 3D visual technology on the open panel.
Last month, the company announced the integration of the Hugo RAS system at the Clinico de la Red de Salud UC CHRISTUS in Santiago, Chile. First of all, it should support the program of the new robotic system of the educational institution. Although robotic surgery has been shown to offer surgeons better eyesight, greater dexterity and ergonomic benefits, robots are still used in less than 3% of surgeries worldwide. In the years to come, hopefully, this will be the beginning of more and more medical institutions using robotics in their practice.
Investors should note that the company has reached a final agreement ENT crossing (NASDAQ: XENT): This achievement will expand the company’s product portfolio used in ear, nose and throat procedures. Moreover, it will boost Medtronic’s efforts to have a positive impact on patients with chronic rhinosinusitis. Given these exciting developments, would you say that MDT shares will have more room to operate?