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.
Taiwan Semiconductor Manufacturing and The Clorox Company are part of Zacks Bull and Bear of the Day article.