Wall Street is optimistic this morning, on the last full day of Donald Trump’s presidency. All three major indices were in the green during early trading and edging closer to testing record highs from earlier this month.
The robotics industry seems to be at the cusp of recovery in 2021 and beyond 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. Notably, 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.
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, 4 rate it a Strong Buy and 1 rates is a Buy. There are no Sell or Hold ratings for the stock.
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Before you consider buying Brooks Automation, you'll want to see this.
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And it's not Brooks Automation.
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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.
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