6/23/2015
By Charles Payne, CEO & Principal Analyst

It was another great week for tomorrow’s technology from robots to drones to the Internet of Things (IoT). An “emotional” robot sells out in minutes in Japan and the current issue of Foreign Affairs is dedicated to robots:

In mid June, Google’s Nest launched a new product. Fitbit, Inc. (FIT) continues to be hot. And Facebook (FB) is recieving share price upgrades after Oculus Rift announced a virtual headset. In fact, the upgrade smashes all the critics who criticized FB for the Oculus Rift (OCLS) takeover.

Piper Jaffray upped its target on Facebook to $120 from $92. If you do the math, it means Oculus Rift is now worth $64 billion more because of the virtual reality headset- Zuckerberg and company paid $2 billion while the peanut gallery screamed in horror.

Moreover, robots, drones, and the internet of things will become ubiquitous, touching our daily lives. It’s crazy not to have a piece of the action.

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Charles Payne
Wall Street Strategies

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