Does Fanuc Corp. (FANUY) have what it takes to be a top stock pick for momentum investors? Let's find out.
I raise my rating for Fanuc to a Buy after assessing the latest corporate and industry developments. Physical AI is a business area that holds great promise, and FANUY has recently ventured into that space, as seen with the Nvidia partnership and its trade exhibition disclosures. Japan's machine tool order growth accelerated from September's +8% to October's +17%, which bodes well for Fanuc's factory automation business.
Here is how Fanuc Corp. (FANUY) and Powell Industries (POWL) have performed compared to their sector so far this year.
| Machinery Industry | Industrials Sector | Mr. Kenji Yamaguchi CEO | OTC PINK Exchange | 307305102 CUSIP |
| JP Country | 9,970 Employees | 12 Jul 2019 Last Dividend | 8 Nov 2016 Last Split | - IPO Date |
Fanuc Corporation is a globally recognized leader in the automation industry, known for its innovative solutions that cater to a broad spectrum of manufacturing needs. Established in 1950 and with its headquarters in Yamanashi, Japan, Fanuc has developed a robust presence not only on its home turf but also across major markets including the Americas, Europe, China, and other parts of Asia. The company’s commitment to excellence in factory automation has positioned it as a key player in the field, offering an extensive range of products and technologies designed to enhance productivity, precision, and flexibility in manufacturing operations around the world.