D20 Doubles Dow, Triples S&P 500

Nineteen gainers and one loser pushed the Driverless Transportation Stock Index (D20) up 4.6 percent last week, more than doubling the Dow’s 2 percent increase and tripling the S&P 500’s 1.5 percent bump up. The D20 closed Friday at 148.18, up a whopping 6.6 points.

Among the 19 winners, the average price increase was 5.2 percent with the biggest weekly price jump prize going to Japan’s Renesas Electronics (TYO:6723). It leapt to ¥585, an increase of nearly 13 percent.

Blackberry (BBRY) was the only price loser last week, dropping a miniscule $0.01 to $6.65, amid confusing signals about how and when it might exit its money losing phone hardware business. Its Software & Services segment, which includes its QNX platform that is widely used in vehicular applications, continues to grow nicely and is now larger and much more profitable than its Mobility Solutions segment which holds its phone handset business.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

Up and Comers:

Investments in privately-held auto tech firms reached $450 million through June, a record pace for the first six months of the year, according to CB Insights. The $200 million invested in Zoox accounted for a healthy part of the dollar total in the 36 firms. The auto tech category includes assisted driving/autonomous software; driver safety tools; connected vehicle/driving data; fleet telematics; vehicle-to-vehicle communication; and auto cybersecurity.

Bill Ford’s Fontinalis Partners raised $100 million for a new fund, bringing its committed capital to $165 million. Fontinalis says it invests in “next-generation mobility.” Current portfolio includes Lyft, Inrix, Turo, nuTonomy, more.