What Happens When Cars Can “See”?

This article was originally published on ETFTrends.com.

By Stephen McBride

Dairy giant Land O’Lakes recently made history. It hired a Silicon Valley startup to deliver 20 tons of butter across America by truck. The 2,800 mile drive from California to Philadelphia took over 40 hours.

And here’s the kicker: the 18-wheeler drove itself the whole way! A safety driver sat along for the ride, but he didn’t have to put his hands on the wheel once. This was the first time a self-driving semi delivered goods for a paying customer.

A few weeks ago, 60 Minutes did a special on driverless trucks. The camera crew travelled to a warehouse in the heart of Arizona’s Sonoran Desert. Inside sat a fleet of 40 new, shiny self-driving 18-wheelers. Those big rigs belong to TuSimple, a robotruck startup valued at $1 billion.

Delivery giant UPS recently hired TuSimple to haul parcels

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Apple, eBay, NVIDIA and Micron Technology

For Immediate Release

Chicago, IL – June 10, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Apple AAPL, eBay EBAY, NVIDIA NVDA and Micron Technology, Inc. MU.

Here are highlights from Tuesday’s Analyst Blog:

4 Top-Ranked Blue-Chip Stocks to Add to Your Portfolio

The coronavirus outbreak has had a deep impact on various sectors. The technology sector, benefiting from rapid digital transformation and other growth avenues, has been more resilient than other sectors.

Since April, the Technology Select Sector SPDR (XLK) — which tracks an index of the S&P 500 technology stocks — has rallied 26.8%.

Oppotunities Galore for Tech Stocks

For the tech companies, the pandemic has definitely opened up newer avenues of growth. The social distancing norms

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Top-Ranked Technology ETFs Soaring to All-Time Highs

The technology sector is booming and at the heart of the current market rally. It has shown strong resilience in one of the worst economic environments that the United States has ever seen.

Most of the strength is being driven by the biggest names in the sector like Facebook FB, Apple AAPL, Amazon AMZN and Microsoft MSFT thanks to the shift in consumer habits to a purely digital world with work, entertainment and shopping from home. In fact, the combined market value of the four companies is now close to $5 trillion, with Apple claiming the top spot at nearly $1.5 trillion. Only Facebook out of the four has a market cap below $1 trillion (read: Take a Bite of the Red-Hot Apple Stock With These Tech ETFs).

These big tech stocks propelled the broader stock market, especially the tech-heavy Nasdaq Composite Index, which has crossed the 10,000 milestone for

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Hawk-Eye apologises as goalline technology fail denies Sheffield United goal in first Premier League game post lockdown

This was a Premier League match with social distancing, temperature checks and no fans but there was a sense of familiarity at Villa Park with yet another controversial technology failure.

We are living in odd times and after the final whistle there was an “unreserved apology” from Hawk-Eye, the goal-line technology system, to Sheffield United after a ghost goal which could prove crucial in the club’s pursuit of European football.

Oliver Norwood’s free kick was clearly over the line, fumbled by Aston Villa goalkeeper Orjan Nyland three minutes before half-time, and these two missed points may be a costly blow when this truncated season is finally finished.

It lifts United into sixth place, a point behind Manchester United who they face at Old Trafford next week, but this technical error was inexcusable and does not deserve to be viewed as a defining moment in this memorable campaign. 

The fact that … Read More