In the next decades, economists are expecting a huge rise in robotics. These companies are working on technology that helps us do things better, or to replace manpower.
What does today’s robots look like?
Robotics touches a wide variety of fields that we’ve broken down below.
Here’s what a Titan Medial robot looks like:
The Top 24 Stocks
Here’s our selection of the Top 24 robotics stocks and ETFs…
Assure Holdings Corp (IOM-X)
They work on surgical robotics technology.
It is a new company that supply services to surgeons. It is undervalued. They are profitable. They have very high margins. It is cheap because they have a lot of receivables. If they hang on longer, the insurers give them more money. If you see the receivables coming in then it will grow. (Fabrice Taylor)
Titan Medical Inc. (TMD-T)
A Toronto-based robotic surgical technology developer.
Robotic surgery. Intuitive Surgical (ISRG-Q) has a monopoly. This company thinks they have a better system. Have to go through FDA procedures. If it works they’ll be able to share the giant market. Have a long road ahead of them. (Peter Hodson)
Agilent Technologies (A-N)
A company that creates robotics systems to provide automation solutions.
Re-engineered itself to focus on its test measurement and instrument business. Very broad product line in that space. Moved manufacturing offshore. Really a play on R&D rather than the economy. If you want exposure nanotechnology, optics, Intermaxtic biotechnology, etc. this company has products going into all those areas. (Ian Ainsworth)
Charles River Labs Intl (CRL-N)
They are working on a simple, walk-away robotic solution in laboratories.
Does safety testing, the efficacy, phase 1 through 3 trials for particular drugs for pharmaceutical companies. High growth, growing earnings last year at 17%. (Gordon Reid)
Intuitive Surgical Inc. (ISRG-Q)
A robotic products designerthat improves clinical outcomes through minimally invasive surgery.
A disruptor in medtech. ISRG builds robotic-assisted surgical devices that are sold to hospitals. Enjoys 85% recurring revenues. Growing steadily for 20 years with good intenational exposure. Their commerical shows a robot sewing the skin on a grape. Stock rose 8% today alone. Again demographics are another tailwind. (Also look at the IHI ETF in…
Stryker Corp. (SYK-N)
A robotic-arm assisted surgical equipment producer.
Earnings in last quarter had 6-7% organic growth, 2-3 times better than the competition. Not cheap at 23x earnings. Has differentiated itself from the others in its industry. As long as dividends are growing at a hefty rate, no reason to sell. (David Driscoll)
Kraken Robotics Inc. (PNG-X)
A marine technology company that creates Unmanned Maritime Vehicles.
They use sonar technology to find sub-surface mines and have technology for low level battery technology. Earnings are expected to be a 11 PE in 2020. Interesting technology and good opportunity going forward. (Robert McWhirter)
ATS Automation (ATA-T)
They create robots for factory settings.
He'd sell around $20 if it breaks through which looks quite possible. In tech analysis, a stock has to break through a new level. (Elliott Fishman)
Flyht Aerospace Solutions (FLY-X)
A developer of robotics in the aerospace industry.
Their recent acquisition was a huge benefit to the company. China has said by the end of 2019 all planes must have satellite based voice communication. This is the only company that offers it. They did testing with Boeing and Airbus four months ago and passed with flying colours. This solution would have prevented the…
Fanuc Corp (6954-TYO)
An industrial robot automation solution company.
(A Top Pick Aug 29/18, Down 9%) This robot manufacturer is a leader in the field in Japan. The business is cyclical and he feels the rally is yet to come and sees this as a good time to buy in – especially as the automotive cycle improves. (Kim Bolton)
Cognex Corporation (CGNX-Q)
They offer vision products for Vision Guided Robotics.
Performed well in logistics, such as airports. Hurt in consumer electronics. Financial position is good, no debt. Q1 revenues expected to be flat. It will take a year for consumer inventory issues to be resolved. Good company, he took profits, and has recently started to pick away at it again. A long-term hold. In the…
Aegion Corp (AEGN-Q)
This company’s services include proprietary robotic internal field joint coatings in pipelines.
(A Top Pick Aug 20/14. Down 26.15%.) This was the effect of the whole energy complex and where capital budgets were being allocated. It does pipe restoration on pipelines, not just energy, but also water, etc. Thinks this has long-term positive prospects, but it is just the wrong time for it. Sold his holdings in…
Elbit Systems (ESLT-Q)
They develop robotic devices for a variety of land based missions.
(A Top Pick Jan 03/18, Down 7%) It is in the defense business. It is a company he really likes and is a really long term holding. They are the largest producer in the world of drones. They have strong prospects. (David Fingold)
Lincoln Electric Holding (LECO-Q)
An industrial automation products and robotic systems provider.
Makes welding equipment. Great, long-term track record. Makes excellent equipment. Growth on the re-industrialization of North America, including pipeline growth, etc. Trading at a great valuation. (John O'Connell, CFA)
Parker Hannifin Corp (PH-N)
A robotics and systems developer that works in factory and healthcare settings.
It depends on time horizon and risk tolerance. This is one of the champs on generating return on investment for a very long time. If you use pullbacks to get a position, get advice on how to time your entry and how to build a position. It is an appropriate time to be buying some.…
YASKAWA Electric Corporation (YASKY-6506-JP)
A Japanese manufacturer of industrial robots and robotics equipment.
A robotics company. In a very cyclical business. They're skewed to the auto business within Japan and China, but lead in the motor and drive technology side. They've been beaten up in the past year, but're coming out of that down cycle now. (Analysts’ price target is $3117.65) (Kim Bolton)
🚗 Motor Vehicle
Magna Int’l. (A) (MG-T)
They make robotics equipment for assembly lines.
He keeps watching it. Great balance sheet. They've been growing their dividend this cycle, but auto sales have rolled over. Magna is still making good money, but trading at 7-8x earnings because the market believes that the auto companies are rolling over; production and sales have rolled over. He's cautious about it. He may buy…
Fiat Chrysler Automobiles NV (FCAU-N)
The Italian company is currently considering options for its robotic arm Comau.
Chrysler went bankrupt, but Fiat was able to come in and pick up the North American manufacturing/distribution and has been doing well. Italian car companies seem to be in favour at present. He would prefer auto part manufacturers such as Linamar (LNR-T) or Magna (MG-T). We are back to where auto sales are at a…
Tesla Motors Inc (TSLA-Q)
They are the leaders in automating their car manufacturing process.
This is a really exciting company. They announce the model 'Y' tonight which is their SUV crossover. It will be a rollercoaster. Their strategy is to 'lean' into the risk to get explosive returns. He loves what they are doing, but he has concerns about their corporate governance. He is willing to bet the farm.…
Memex Inc. (OEE-X)
They offer integrated machine monitoring and adaptive control technology.
A big disappointment. It should a golden time for them, but they can't capitalize on their clients. (Robert McWhirter)
Teradyne Inc (TER-N)
A producer of collaborative robots in manufacturing.
A little nervous about the semiconductor cycle. This company seems to be getting its act together. Have done some restructuring. Not exposed to the themes that he is really fond of at this time. (Ben Rogoff)
Alphabet Inc. (A) (GOOGL-Q)
There are many companies under Alphabet working in robotics, but they are notably working on developing bipedal robots.
They were quite overbought last year. But Google does this throughout its history: sideways-up-sidways-up. This is a great long-term, 10-year buy-and-hold stock. (Keith Richards)
Robo-Global Robotics and Automation (ROBO-Q)
This ETF focuses on 12 subsectors work on the intersection of technology and its applications.
BOTZ vs. ROBO: The difference is that ROBO is an equal-weighted ETF and BOTZ is market-cap weighted. ROBO you get more mid- and small-cap, with maybe a better long-term return. But essentially both ETFs are very similar. (Mike Philbrick)
Global X Robotics & AI ETF (BOTZ-Q)
An ETF that invests in companies that could benefit from the increased adoption of robotics and artificial intelligence.
10-year horizon If you're worried that robots will take your job, use this ETF as a hedge. In Canada, you can get the similar RBOT which may be easier for investors holding Canadian dollars. Robotics will take over the industrial landscape. This will be very volatile because speculators are watching the AI space. (Daniel Straus)