I don’t know if you’ve heard this already or not, but analysts at Swiss Bank and UBS think electric vehicles could take up 100% of the automotive market by 2040.
But because batteries are the biggest expense for EVs, automakers must maintain supplies and effectiveness to ensure the takeover won’t be jeopardized. And as a result, analysts at UBS predict a supply shortage.
If you think UBS is the only one, you’ve got another thing coming…
Goldman Sachs analysts, a leading global financial institution based in New York City, also say global demand for electric car batteries could multiply by 30 times in the next 20 years. So you can understand the excitement around EV battery stocks for 2021!
So I’ve decided to put a short list together of my favorite EV battery stocks for 2021 that have the potential to double, triple or maybe go up five times because there’s a major demand for lithium with such little supply.
Before I reveal the names of my favorite EV battery stocks for 2021, I want to explain why I’ve been watching both the Amplify Lithium & Battery Technology ETF (NYSEArca: BATT) and Global X Lithium & Battery Tech ETF (NYSEArca: LIT) closely.
If you compare their charts side by side, they’re almost identical.
But the moral of the story is that if you look at their one-year charts, you’ll see that both of them made an all-time high on Feb 2, 2020. And that they’re both now trading above their 50-day moving averages.
That’s a major indication that EV battery stocks are moving back up.
I want you guys to know that names in this sector have gained 100%, 150% and even 200% in some cases over the past year… And that the Russell 2000 has outperformed the S&P 500 by about 50%.
So the fact that the two ETFs I mentioned above pulled back and took a little pause before hitting their 50-day moving averages again shouldn’t be a big factor. It should be seen as a buying opportunity.
And that’s exactly what we’re looking at today…
Check out my short video below to see which EV battery stocks for 2021 I’m targeting now, and be sure to share your thoughts in the comments section below.
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P.S. In the world of trading, most only like to talk about the good times…
“The easy times” when traders and investors get in a stock after a massive sell-off and just about everything is a bargain.
But things have changed over the past 12 months…
The stock market has been breaking new highs, over and over again. And when this happens, trading tends to turn tough.
That’s why I’ve decided to reveal the three profit rules I use to navigate the markets in uncertain times like these…
And the No. 1 stock that I believe is unbreakable!