As earnings seasons winds down, major tech names like, Microsoft, and Alphabet have proven remarkably resilient in a tough macroeconomic environment. But not every tech company is unscathed by the tough environment.
With a market cap of $8.3 billion, Cognex Corporation (NASDAQ: CGNX) is not a small-cap company. As the leader in machine vision, Cognex's strategic aim is to grow into a served market (estimated as being worth $4.2 billion in 2018) that management sees as growing at a 12% annual rate. The good news from 2022 is Cognex is achieving many of its strategic aims; the bad news is almost everything seems to be working against the company right now.
In this podcast, Motley Fool senior analysts Andy Cross and Ron Gross discuss: The Fed raising interest rates and GDP contracting. Apple and Amazon surprising to the upside. Microsoft's cloud division delivering again.