As far as tech momentum trades go, robots are apparently the new 3D printers. iRobot (IRBT +17.9%) is blasting off in the wake of a Raymond James upgrade that comes shortly after Google confirmed the acquisition of defense robot maker Boston Dynamics, and fellow robot maker Adept Technology (ADEP +8%) is also up sharply.
Interestingly, RJ's upgrade doesn't center around Google or even iRobot's defense/security robot ops (just 8% of Q3 revenue), but rather its new Roomba 800 series vacuum robots (expected to boost 2014 sales), and its Braava mopping robots (recently became available in North America).
Sidoti upgraded iRobot yesterday. 10% of the company's float was shorted as of Nov. 29.