This story was originally published here.
Savvy investors are always on the lookout for the next big trend to sink their teeth into. Robotics stocks aren’t exactly a new way to invest your money, but these companies are gaining traction because of the novel coronavirus pandemic.
If there is one thing that this crisis has done, it has exacerbated the need for robotics in our lives. Any job involving human contact is considered hazardous. That’s why we are we see more of an onus on mechanical replacements.
Now for the fun part. There are a couple of ways of playing the space–you can either invest in pure plays or more diversified conglomerates. Alphabet (NASDAQ:GOOGL) and Apple (NASDAQ:AAPL) have robotics divisions, but it will be years before they become significant revenue drivers.
Meanwhile, you have pure plays that are focused on developing robots and drones that can do human chores. Those companies are the ones that we will be focusing on in this article. However, one thing that you have to keep in mind before moving forward. A lot of these companies aren’t making profits at this stage.
Bottom line you have to believe in the company’s long-term potential before investing your hard-earned capital in these… Story continues here.
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Sincerely,
Keith Kohl
Investment Director, Technology and Opportunity
