The evening began with a self-driving cab... and ended with a crew of robots dancing beneath a disco ball. It wasn't a sci-fi movie. It was a real product launch last Thursday night... Tesla's (TSLA) much-hyped "We, Robot" event.

Editor's note: Regular readers know that Chaikin Analytics founder Marc Chaikin is "bullish" on autonomous-driving technology... As he says, a future with these vehicles everywhere is closer than most folks expect. And Marc isn't the only one who thinks so... Over at our corporate affiliate Stansberry Research, our friend Sean Michael Cummings also sees incredible promise with the technology. Today, we're sharing an essay from him on the topic that just published on Monday in Stansberry's free DailyWealth e-letter. In it, Sean gives some additional perspective on why the self-driving trend is here to stay... We Won't Turn Back the Clock on Self-Driving Cars By Sean Michael Cummings, analyst, Stansberry Research The evening began with a self-driving cab... and ended with a crew of robots dancing beneath a disco ball. It wasn't a sci-fi movie. It was a real product launch last Thursday night... Tesla's (TSLA) much-hyped "We, Robot" event. The event gave the market a drama-filled glimpse of Tesla's newest product prototypes. And the biggest announcement of the evening was the Cybercab – the futuristic car that kicked off the proceedings. The Cybercab has no ignition or steering wheel because it doesn't need a human to run. The car simply drives to the passengers' destination by itself. Autonomous cars like the Cybercab have been in the works for more than two decades. But development has been slow and full of setbacks. Tesla has postponed its Cybercab reveal at least six times since 2019. And even founder Elon Musk has started making fun of himself for how often his "full self-driving" predictions have been pushed further into the future. In other words, robotaxis have been nothing but a fantasy for a long time. So you'd be forgiven for assuming last week's "We, Robot" event was still more empty hype... even after the splashy reveal. But focusing only on Tesla is the wrong move today. Other companies are leading the way on this trend. And self-driving technology is much closer to becoming mainstream than most folks expect today. In fact, it's already on our doorstep... Recommended Links: One of the Best Track Records at Stansberry Retirement expert Dr. David "Doc" Eifrig at our corporate affiliate Stansberry Research boasts an incredible 211 consecutive win streak and a 1,185% gain at the top of Stansberry's Hall of Fame. He has just stepped forward with a brand-new video detailing his No. 1 strategy for today's volatile market. This closes tomorrow, so watch here now. SOLD OUT! The 2024 Stansberry Conference is rapidly approaching, and in-person tickets are sold out... But until tomorrow, you can still get all the same presentations and stock picks LIVE with a discounted livestream ticket – no travel required. By tomorrow, claim your Livestream Pass here. Tesla wasn't the only company to offer big robotaxi news this year. The Cybercab's debut came on the heels of two massive announcements from Tesla rival Alphabet (GOOGL). Alphabet has spent 15 years developing a self-driving fleet of its own, under a subsidiary called Waymo. Unlike Tesla's Cybercab, Waymo's service has been giving fully autonomous rides to the public since 2020. Waymo ride-hailing is now offered in Los Angeles, San Francisco, and Phoenix. And Waymo plans to spread to Austin and Atlanta early next year. The pilot programs to date have given Waymo a ton of real-world testing metrics. And last quarter, Waymo shared two astonishing data points... The first bombshell was a safety study released in July. The peer-reviewed journal Heliyon used insurance claims to compare Waymo cars with human drivers... The study's results were shocking. When no human driver was at the wheel, property-damage claims plummeted by 76%... And bodily injury claims plunged by 100%. In other words, Waymo's self-driving cars are much, much safer than their human counterparts. And that may explain Waymo's second shocking report in August... That month, Waymo published data about its growth in the U.S. marketplace. It revealed that its weekly robotaxi rides doubled in the third quarter alone. Taken together, these two developments paint a wildly bullish backdrop for self-driving tech. Autonomous cars are proving themselves to be harmless... and consumers are all too happy to use them for transit. It's still unclear who will win the race for autonomous driving. But after last Thursday's "We, Robot" event, expect the tech to become an even bigger part of the cultural conversation. The self-driving-car industry is estimated to generate between $300 billion and $400 billion in revenue by 2035. Today, most folks still think it's a fantasy... But the data is showing incredible promise. Self-driving tech is safe. It's highly in demand. And in Waymo's case, it's already on the streets. So whether or not you're a Tesla bull, autonomous driving as an investment trend deserves your attention today. This genie isn't going back in the bottle. Driverless cars could be a commonplace reality much sooner than you think. Good investing, Sean Michael Cummings   Editor's note: For regular insights like this from Sean and his Stansberry Research colleagues, consider signing up for DailyWealth. Just like the Chaikin PowerFeed, it publishes each weekday that the markets are open. And it's 100% free. Learn more about signing up to receive DailyWealth by clicking here. Market View Major Indexes and Notable Sectors     # Hld:     Bullish     Neutral     Bearish Dow 30 +0.73% 11 16 3 S&P 500 +0.42% 167 276 50 Nasdaq +0.01% 16 70 14 Small Caps +1.64% 623 974 323 Bonds +0.42% Utilities +1.98% 21 9 0 — According to the Chaikin Power Bar, Small Cap stocks and Large Cap stocks are Bullish. Major indexes are mixed. *  *  *  * Sector Tracker Sector movement over the last 5 days Utilities +4.33% Financial +3.69% Real Estate +3.16% Materials +2.15% Industrials +1.87% Staples +1.08% Communication +0.56% Discretionary +0.26% Health Care -0.04% Information Technology -0.47% Energy -1.54% *  *  *  * Industry Focus Oil & Gas Equipment Services 1 10 19 Over the past 6 months, the Oil & Gas Equipment Services subsector (XES) has underperformed the S&P 500 by -25.38%. Its Power Bar ratio, which measures future potential, is Very Weak, with more Bearish than Bullish stocks. It is currently ranked #20 of 21 subsectors. Indicative Stocks CLB Core Laboratories In RIG Transocean Ltd. AESI Atlas Energy Solutio *  *  *  * Top Movers Gainers UAL +12.44% DAL +6.79% MS +6.5% WBA +6.24% SYF +6.06% Losers A -3.78% KLAC -3.55% AMAT -3.37% MTD -3.37% RVTY -3.36% *  *  *  * Earnings Report Reporting Today Rating Before Open After Close MMC, MTB, TRV TFC NFLX No earnings reporting today. Earnings Surprises PLD Prologis, Inc. Q3 $1.08 Beat by $0.43 CCI Crown Castle Inc. Q3 $0.80 Beat by $0.13 MS Morgan Stanley Q3 $1.38 Missed by $-0.21 DFS Discover Financial Services Q3 $3.69 Beat by $0.32 SYF Synchrony Financial Q3 $1.94 Beat by $0.14 *  *  *  * You have received this e-mail as part of your subscription to PowerFeed. If you no longer want to receive e-mails from PowerFeed, click here. You're receiving this e-mail at reunisoft.cryptonews@blogger.com. For questions about your account or to speak with customer service, call +1 (877) 697-6783 (U.S.), 9 a.m. - 5 p.m. Eastern time or e-mail info@chaikinanalytics.com. Please note: The law prohibits us from giving personalized investment advice. © 2024 Chaikin Analytics, LLC. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from Chaikin Analytics, LLC. 201 King Of Prussia Rd., Suite 650, Radnor, PA 19087. www.chaikinanalytics.com. 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