While the 2020 presidential election is barely over (well, at least for the majority of Americans), the stock market is already showing strength in sectors that favor president-elect Joe Biden’s policies.
And namely electric vehicle stocks…
I hate to say I told you so, but I’ve been talking about these stocks all month. It was just only a matter of time before investors realized the major shift taking place in the industry.
So let’s take a look at two electric vehicle stocks that deserve a spot in your trading portfolio…
If and when Biden finally takes office on January 20, he plans to build out electric vehicle charging infrastructure that’ll add at least 750,000 jobs within the U.S. automotive industry.
In fact, he also plans to replace the U.S. federal government’s vehicle fleet with electric vehicles, which could allow the U.S. to surpass China in manufacturing both parts and materials for electric vehicles.
In light of this massive push into green energy and electric vehicles, investors and traders are betting big on the electric vehicle market.
And I’ve selected two electric vehicle stocks that stand to profit as a result of this huge technological push.
You’re going to love my first electric vehicle stock recommendation. It’s well positioned to capitalize on this revolution because it’s the world’s leader in lithium mining. The company actually accounts for 22% of global lithium production, the central ingredient in lithium ion batteries that power electric vehicles.
In other words… as the demand for these batteries rise, earnings and price on my short list of electric vehicle stocks are sure to follow.
After you watch today’s video, leave a comment in the section below. What are your thoughts on electric vehicle stocks? Do you have any in your portfolio right now, and if so, which ones? Would you add either ticker I mentioned today to your portfolio or watchlist? If so, which one and why do you like it?
P.S. There’s a new takeover that could change the stock market forever…
Wall Street’s algorithms have been controlling the majority of the stock market… triggering massive buying sprees… and sending stocks like Zoom Video Communications Inc (Nasdaq: ZM), Docusign Inc (Nasdaq: DOCU), and Amazon.com, Inc (Nasdaq: AMZN) soaring.
These massive funds have invested millions of dollars in these high-tech algorithms, an advantage the Main Street investor obviously can’t afford.
It has put complete control in the hands of Wall Street, but I’m about to share a top secret discovery with you… I call it “STORM,” and it could earn you 30 times the S&P every single year on average.