Sales from its security line were up roughly 14% but strength in the segment wasn’t large enough to offset weakness elsewhere. (CSCO).Ĭisco, the world’s leading computer networking provider, was down for the period after revenues from its Products and Applications business lines weakened as IT departments postponed network spending in response to COVID-19. Our holdings in the space outperformed marginally but also contained a key detractor, Cisco Systems, Inc. The Russel 3000® Value Index highlights the dynamic where the group ended the period mostly flat.
“A handful of Information Technology (IT) names have been grabbing most of the investment headlines lately, however, as a whole, the sector has been a mixed bag from a performance standpoint. Heartland Opportunistic Value Fund mentioned in an article that they believe positive strides from CSCO made in previous quarters will resume post-pandemic
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Cisco Systems Inc is in partnership with UK-startup Oxbotica in building a platform that runs a software built-in autonomous cars that would upload data to the cloud. Cisco aims to bring gigabit-speed Ethernet connectivity to smart cars allowing both the fastest air updates and laying the foundation for better self-driving technology. In recent years, Cisco developed innovative data collection and analysis solutions in the smart car industry. In 2017, Cisco began working with Michigan DOT to build an autonomous driving infrastructure. Total Value of HF Holdings: $3.93 Billion We shared this real estate stock in October and it's been up more than 50 percent since then.īased on our hedge fund sentiment data, we present to you, the 12 best autonomous and electric vehicle stocks to buy for 2021, among the 800+ hedge funds tracked by Insider Monkey: 12. We have also shared some of the portfolio holdings of our monthly newsletter online. For example, the portfolio of stock picks for our monthly newsletter has beaten the market by over 78 percent since March 2017 ( see the details here). So why did we use the sentiment scores of hedge funds as the key criteria to assess the best stocks of autonomous vehicles to buy for 2021? Our in-house research shows that we can use the hedge fund sentiment data to identify in advance a small group of stocks that can outperform the S&P 500 index on an average by double digits annually. In order to identify the 12 best autonomous vehicle stocks to buy for 2021, we started with the 76 holdings in the Global Autonomous & Electric Vehicles ETF (DRIV) as of December 24, 2020, and we were able to narrow down our list to 12 stocks by using our hedge fund sentiment scores. Yet, we are still too scared of harming people during the development process of the autonomous driving technologies.īest Autonomous Vehicle Stocks to Buy for 2021 If we were able to switch to autonomous driving over night, we would save more than 1 million lives per year globally. According to a study conducted by the Center for Disease Control and Prevention, crash injuries are estimated to be the eighth leading cause of death globally. Basically, AVs are driverless cars.Īutonomous electric vehicles are not good for the environment ( please also see 12 Best Climate Change Stocks to Buy Now) but also prevent one of the leading causes of death. The vehicle is able to sense any environment at any given time with the help of sensors, actuators, complex algorithms, and software execution.
If you’re in a hurry you can skip ahead to the 5 Best Autonomous Vehicle Stocks to Buy for 2021.Īn autonomous car is defined as a vehicle that is capable of functioning without any human involvement. In this article, we present to you the 12 Best Autonomous Vehicle Stocks to Buy for 2021.
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