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Rockwell vs. Cognex: Which Automation Stock is a Better Buy?

Published 05/28/2021, 10:52 AM
Updated 05/28/2021, 11:30 AM
© Reuters.  Rockwell vs. Cognex: Which Automation Stock is a Better Buy?

Rockwell Automation (NYSE:ROK) and Cognex (NASDAQ:CGNX) are two of the top automation stocks that investors should consider adding to their portfolios. Automation will mark the next phase of industrial development and lead to lower prices and more innovation.Automation stocks will be squarely in the spotlight in the years ahead. These companies will be one of the major beneficiaries of increased industrial activity and productivity. &nbsp

Automation will lead to significantly lower production costs. They also enable facilities to be run at full capacity on a constant basis. Although it does lead to disruptive impacts on employment in the short term, the productivity gains will boost long-term prospects.

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