ROBO: Dragged Down By Manufacturing, Semiconductors (Archive)
Automation mega-trends clash with contracting manufacturing and semiconductor capex, turning ROBO bearish.
This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.
Elevator Pitch
- Automation and robotics are mega-trends for multiple years and decades going forward. But now is not the right time to bet alongside this view.
- Weak global manufacturing activities and capex spend cuts in the semiconductor industry will dampen demand outlook.
- Technical analysis also suggests a sell-bias as prices are near monthly resistance locations.
Read the full article here.
Disclosures and Disclaimers
Past performance ≠ future results. Not investment advice. See full Disclaimer.
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