Renesas Electronics Leads D20 Rebound

Led by Renesas Electronics (TYO:6723), TomTom (TOM2), and General Motors (GM), the Driverless Transportation Weekly Stock Index (D20) bounced back last week.

A three-to-one ratio of gainers to losers over the 20 D20 stocks helped bring an end to its three-week slide. The D20 gained 0.95 points, rising 0.5 percent to close at 182.81.

Although finally back in the black this week, the D20 lost ground against the Dow and S&P 500. The Dow jumped 0.9 percent to push past the 21,000 mark, closing at 21005.71, while the S&P 500 rose 0.7 percent, ending the week up 15.78 points at 2383.12.

Completing its purchase of Intersil last week, Renesas’s stock price reacted by jumping 9.2 percent and closing at ¥1024 a share on the Tokyo exchange. That made Renesas the week’s D20 leading price-percentage gainer.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

 

Up-and-Comers:

Starsky Robotics, a privately held start-up whose mission is to “make trucks autonomous on the highway and remote-controlled by drivers for the first and last mile,” is focused solely on the trucking business. One of the differences, compared to competitor Otto, is that not only are they focused on autonomous driving on the highway, Starsky is developing remote-controlled technology that would allow drivers to move trucks around remotely.  This would speed up jockeying of trailers at freight yards in distribution centers.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *