Wall Street loves these stocks owned by at least two of five ETFs focused on this long-term shift.
Investors looking for the best stock-market performance have been well-served for many years by focusing on companies using new technology to increase their sales quickly and steadily. The performance of the S&P 500 index has borne this out.
All five of the automation and robotics ETFs have trailed the broad market this year. During 2020, ARKQ was a stellar performer in part because of its big bet on Tesla, which skyrocketed 743% for the year. ROBO has outperformed SPY for five years but underperformed QQQ for all periods. Yet, as you will see, three Chinese tech giants held by some of these ETFs are highly regarded by Wall Street analysts.
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