New Data Keep Us Bullish on This Robotics and Automation Play

Report Issue portfolioNew Data Keep Us Bullish on This Robotics and Automation PlayHere’s what we’re waiting to see before putting additional capital to work. When we initiated the Pro Portfolio’s position in the Global Robotics and Automation Index ETF (ROBO), we did so in.

The timing of such action would be determined by a combination of supporting data points for the adoption of robotics and automation, the technical set up in ROBO shares and the market backdrop. We’ve also discussed the factors that have us taking a more.

What Happened

Hyundai Motor is one of the companies pursuing robotics most aggressively. At the company’s factory about half an hour from Savannah, Ga., autonomous carts have largely replaced forklifts for moving materials around the plant.

• That’s not a problem with Hyundai’s transport robots, said Jerry Roach, a senior manager in charge of general assembly at the Georgia factory, which began producing cars in 2024.

• In 2021 Hyundai acquired Boston Dynamics, which is developing humanoid robots that the carmaker plans to use initially for arranging components in a specified order for humans to install in vehicles.

• Another factor that is throttling any action on our part is the gap in the ROBO chart, which would be filled if the shares pull back to support between the $81-$82.

Key Details

Four-legged robots that look like dogs search for flaws by peering under car bodies. Flat, wheeled robots the size of queen beds slide under Ioniq 5 or Ioniq 9 electric vehicles as they come off the assembly line, lift them from below.

• At the time of publication, TheStreet Pro was long NFLX and ROBO.

• Should the market give back some of its recent gains, dragging down ROBO shares in the process, a successful test of that support level would be a signal to us that it’s time to.

• Those are the 100-day and 50-day moving averages, respectively.

Why It Matters

In most car factories, workers drive the vehicles to testing. Being human, they occasionally drive into pillars and other objects.

• With those data points in hand, we are looking to expand our ROBO exposure but, similar to our comments on Netflix (NFLX), the current market mood is keeping us in a holding pattern.

• Supporting Infrastructure: Integrated IT infrastructure and machinery upgrades tied directly to production and distribution operations.

What Reports Say

Coverage of the story so far points to:

• Continued reporting by TheStreet Pro as more details emerge