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2 EV Stocks To Buy And Hold Over The Next Decade?

The electric vehicle industry has a bright future, but can we say the same for these EV stocks?

Should EV Stocks Still Be Part Of Your Portfolio?

Electric vehicle stocks are still hot. Just look at Li Auto’s (LI Stock Report) IPO this week. The latest IPO reinvigorated interests in the EV space after LI stock soared more than 40% on its first day of debut. 

EVs are undoubtedly the future of the automotive industry. This came after Tesla (TSLA Stock Report) became the most valuable automaker in the world. And with this new milestone, there is suddenly a renewed focus on funding EV startups. As a result, fresh money has been rushing into the likes of Nikola (NKLA Stock Report) and Fisker, just to name a few. Here’s the question though. Would the same tailwinds that started the EV revolution in the 2010s be sustainable? Would it accelerate further?

Some investors have been questioning whether there are other opportunities in the electric vehicle space. This growth runway is far from over. If the 2010s were the decade when the EV revolution got started, could the 2020s be the decade in which EVs go mainstream? Many experts believe that there is tremendous growth in the EV industry. With all that in mind, would these two EV stocks be the best stocks to buy and hold for the long term?

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Top EV Stocks To Buy Right Now [Or Avoid]: General Motors

Yes, I get it. Call me a cheater for including General Motors (GM Stock Report) on this list. General Motors may not be the pure-play EV stock that you might be expecting. But the truth is, traditional auto stocks aren’t just resting on their laurels while the EV revolution brushes through them. Instead, GM is actually pivoting its vehicle portfolio to ride on the EV adoption tailwinds.

General Motors has an impressive lineup of EVs. The company’s Chevrolet Bolt and Chevrolet Volt are among the best selling EVs in the US. Both of the models are much more affordable compared to Tesla’s models. Recently, GM has teased an all-electric version of its iconic Hummer pickup truck.

The Hummer EV will come with the second generation of Super Cruise, GM’s semi-autonomous driver assistance system. The truck is expected to go into production late next year. GM may be an old dog, but this old dog can certainly learn new tricks. 

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Top EV Stocks To Buy Right Now [Or Avoid]: Nio

Nio (NIO Stock Report) has been one of the comeback stories this year. It’s interesting to note that Nio started on a low note this year, with some even questioning its ability to stay afloat. However, things are beginning to turn more hopeful when there’s an influx of funds from one of the local governments in China. And just one month ago, the company reported strong growth, and some buyers were even required to be placed on the waiting list. And that’s a first for the company.

At one point in July, NIO stock was up over 300% for the year and hit a record high of $14.98. The stock has since dropped a little, but it could have another breakout when the company releases earnings in September. But now that the EV market is getting more crowded, would this present a new hurdle for NIO stock to march higher? We can potentially expect some volatility in the near-term. On the other hand, perhaps focusing on Nio’s long term potential as a Battery as a Service (BaaS) provider could set it apart from the other EV makers.

The company has completed over 500,000 battery swaps to date. And many hail Nio as an EV company that has ‘figured out’ how to do battery swaps nicely. That could go a long way in resolving issues on charging time and range anxiety plaguing EVs. 

By Joe Samuel

Joe Samuel is a dedicated stock market researcher and financial contributor. His love for the stock market started at a young age learning from his grandfather. Joe earned a bachelor of science degree in corporate finance and business management. After finishing college, he went the route of an entrepreneur starting numerous businesses and eventually became a financial contributor to a number of outlets including Seeking Alpha, Invesitng.com, and actively contributes to FactSet. At StockMarket.com, Joe looks for emerging stories. One of his traits is identifying new trends before they become mainstream. Whether it’s a biopharmaceutical company debuting a novel treatment or the next technology start-up developing a new platform, Joe looks to be on the cutting edge of that trend.

After years of living in New York, he made the move to Miami, Florida where he’s become an active member of the finance community. Joe has worked with early-stage companies in marketing and consulting capacities, which has given him an opportunity to see what makes companies tick. His viewpoint is that while corporate news is vital to any investment, it’s what isn’t “right in front of you” that can make a good investment great. His approach to the markets is one that aims to deliver information that might not be well-known. But through deep research and diligence, Joe has written about and been able to uncover time-sensitive information when seconds matter in the stock market today.

Joe enjoys covering several stock market sectors. These include commodities, finance, biotechnology, and technology; specifically AI & machine learning. His no-nonsense approach to the market gives readers a cut and dry view of the news that matters most and topics beginning to emerge as new trends in the stock market. He was early to the table with calls on things like the last gold rush in 2019 and has been able to identify influential events and how they could impact certain industries.

During his free time, he enjoys spending time with his family and polishing up one new stock market trends. He’s also an avid car enthusiast with a passion for classic and muscle cars.