Robots may be taking our jobs, but here’s two stocks that will help you benefit when Wall-E takes over.  

As companies shift to the future and spend even more Capex on their assembly of products, we think names such as Rockwell Automation, and ATS Automation will benefit. Albeit at a slow, but steady, growth pace. These two names, although not as sexy as the Nvidia’s and Alphabets of the world, are trading at cheaper multiples, and will benefit from the secular tailwinds that will leave us jobless.

One of the largest companies in this space, Rockwell trades at about 22x this years earnings. Not exactly cheap, but it has a growth rate at over 10% long term.

With a steady and growing dividend, any sell-off they experience would be a fantastic opportunity for a good long term buy. As more development in technology happens, Rockwell’s automation systems will continue to expand into factories around the globe. As the wave to the future of automation happens, it will benefit its customers greatly, it’s just a matter of when. Rockwell also benefits from a strong management team. They are very good at rewarding shareholders, as well as keeping up by spending on R&D. With lots of cash on the balance sheet(over 1.5 billion), it’s safe to assume management may bless its shareholders another time.

We gave you an American play, now for all of us canucks out here, there’s ATS Automation. At 26x earnings with a growth rate around 15% longer term, it should grow into its multiple fairly soon. Although no dividend, it could be paying one rather soon. With debt almost covered with cash on hand, and growth still occurring, management may start looking to reward shareholders.

Both companies have their pros and cons. ATS being higher growth with a clean balance sheet, but no dividend as well as being a smaller company. In Rockwell’s case, having a growing dividend and having more scale are pros, but being lower growth compared to ATS is a con. We believe both names could offer investors a good piece in a balance portfolio.