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Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) has sped over 11% higher after tumbling over 5% lower on earnings and putting in a bottom at the $627 mark.
On Thursday,&nbsp;<a href="https://pro.benzinga.com/?msclkid=a5474152bead1a6825af2056eee49333">Benzinga Pro</a> alerted its users Tesla had <a href="https://patentimages.storage.googleapis.com/d5/67/04/17266cbab20534/WO2020028698A1.pdf">filed a patent</a> that would allow it to recover and recycle nickel and cobalt from old lithium-ion EV batteries.
The patent, titled &ldquo;Metal Sulfate Manufacturing System via Electrochemical Dissolution,&rdquo; would allow the EV and technology company to recover the two crucial raw battery metals and reuse them making its supply chain more efficient.
Tesla&rsquo;s stock shot up 5% on Thursday and on Friday continued to rise on bullish momentum.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/21/07/22233339/how-elon-musk-reacted-to-suggestion-that-amc-should-accept-dogecoin">How Elon Musk Reacted To Suggestion That AMC Should Accept Dogecoin</a>
The Tesla Chart: On Friday, Tesla slammed into a resistance level near the $700 mark that has been holding the stock down since May 3 when it lost the area as support.
Tesla&rsquo;s stock was also been plagued by a descending trendline the stock has been trending under since reaching an all-time high of $900 on Jan. 25.
On June 25, Tesla&rsquo;s stock bucked the downtrend and broke up bullishly from the trendline. Since the break, the stock has been trading in a sideways consolidation pattern between about $620 and $700.
Tesla has tried to bust through the $700 level on three separate occasions and failed, but the more often the stock nicks the resistance level ,the weaker it becomes.
Tesla is trading above both the eight-day and 21-day exponential averages, and the eight-day EMA recently crossed up over the 21-day EMA, both which are bullish indicators.
Tesla&rsquo;s stock is also trading above the 200-day simple moving average, which indicates overall sentiment in the stock is bullish. All three moving averages are curling upward, which indicates higher prices may come.
<ul>
<li>Bulls want to see Tesla&rsquo;s stock break up above the $700 level, which could cause shorts to cover because it is a key zone. If Tesla can trade above the level, it has room to move up toward $745 before hitting further resistance.</li>
<li>Bears want to see Tesla&rsquo;s stock continue to reject its upper resistance and for big bearish volume to drop it down below a support level at $650 that coincides with the 200-day SMA.</li>
<li>If Tesla&rsquo;s stock loses the areas as support, it could fall toward the $628 level.<img alt="tsla_july_30.png" src="https://www.benzinga.com/files/u278075/tsla_july_30.png" style="height:768px; width:1366px" /></li>
</ul>

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TSLA

Tesla's Stock Races Into Resistance: What's Next?

Entrepreneur Gary Vaynerchuk, better known as Gary Vee, has been a vocal supporter of the growth of the NFT market for several years. Vee made a large purchase on Friday of one of the most well-known <a href="https://www.benzinga.com/money/what-is-a-non-fungible-token-nft/">non-fungible token</a> series.
What Happened: Vee purchased CryptoPunk #2140 for $3,764,576 according to a <a href="http://twitter.com/cryptopunksbot/status/1421178232779456524">Twitter account </a>that provides information on the series.
Larva Labs launched 10,000 CryptoPunks in 2017, a series of 24x24 pixelated avatar NFTs.
The series is considered one of the first NFT avatar projects and considered by many to be the &ldquo;holy grail&rdquo; of the NFT market.
<a href="https://www.larvalabs.com/cryptopunks/details/2140">CryptoPunk 2140 </a>is one of 24 &ldquo;Ape Punks.&rdquo; The same NFT sold for $1.18 million in March and $731,000 in February.
Vee is <a href="https://www.larvalabs.com/cryptopunks/accountInfo?account=0xd6a984153acb6c9e2d788f08c2465a1358bb89a7">listed </a>as the owner of seven&nbsp;CryptoPunks on the Larva Labs site. He spent a reported $4.88 million on the seven&nbsp;Punks with purchases ranging from $42,800 to $773,000 prior to Friday.
Related Link: <a href="http://www.benzinga.com/markets/cryptocurrency/21/04/20557845/exclusive-gary-vee-on-sports-cards-investment-options-whats-ahead-for-nfts">Exclusive: Gary Vee On Sports Cards Investment Options, What&#39;s Ahead For NFTs</a>
Why It&rsquo;s Important: The purchase by Vee marks one of several on Friday, with several others selling in the five-figure and six-figure range and some receiving bids of more than $1 million.
CryptoPunks are <a href="https://www.cryptoslam.io/">ranked </a>third by dollars on CryptoSlam, a site that tracks top NFT projects. The Punks have had $422.4 million in transaction volume across 14,775 transactions in their lifetime.
CryptoPunks trail only<a href="https://www.benzinga.com/money/how-to-buy-axie-infinity-axs/"> Axie Infinity</a> and NBA Top Shot in lifetime dollar&nbsp;volume at $800.9 million and $665.0 million, respectively. Both those projects have millions of transactions.
Prior to Friday, CryptoPunks had $19.1 million in sales in the last seven days.
A Sotheby&rsquo;s auction earlier this year <a href="https://www.theblockcrypto.com/post/108186/rare-alien-cryptopunk-fetches-11-8-million-in-sothebys-auction">saw </a>a record $11.8 million paid for a CryptoPunk NFT. The NFT was one of nine aliens out of the 10,000 Punks and was sold to Shalom Meckenzie, the largest shareholder of Draftkings Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dkng#NASDAQ">DKNG</a>).
A Christie&rsquo;s auction in May sold nine Punks for $17 million, the highest amount paid for Punks.
Vee <a href="https://www.benzinga.com/markets/cryptocurrency/21/05/20962805/gary-vee-talks-nft-collection-release-value-of-smart-contracts">launched </a>his own NFT line earlier this year called VeeFriends, which includes physical rewards like a meet-up convention.
Vee has been bullish on several NFT projects but also thrown caution to the overall market given the large supply from numerous projects that could lose value over the next few years.
When it comes to CryptoPunks though, Vee remains bullish.
&ldquo;Hasn&rsquo;t even started &hellip; not worried about micro dips over next decade &hellip;&nbsp;the macro is clear,&rdquo; Vee <a href="https://twitter.com/garyvee/status/1421189738816495622">responded </a>to a Twitter user.
Watch Benzinga&rsquo;s Interview with Gary Vee, which featured a discussion on NFTs <a href="http://www.youtube.com/watch?v=ygwQ1GwifVU&amp;t=2260s">here</a>. 
&nbsp;
<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" frameborder="0" height="315" src="https://www.youtube.com/embed/9LEZSjPEt1s" width="560"></iframe>
Photo:&nbsp;<a href="https://commons.wikimedia.org/wiki/File:Gary_Vaynerchuk_public_domain.jpg">Vaynermedia, CC0, via Wikimedia Commons</a>.

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Gary Vee Pays $3.76M For A CryptPunk, Adding To His NFT Collection: What Investors Should Know

Shares of Middlesex Water (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSEX#NASDAQ">MSEX</a>) moved higher by 0.5% in after-market trading after the company reported Q2 results.
<h2>Quarterly Results</h2>
Earnings per share were up 12.73% over the past year to $0.62, which beat the estimate of $0.58.
Revenue of $36,701,000 up by 4.04% year over year, which beat the estimate of $36,000,000.
<h2>Outlook</h2>
Middlesex Water hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
<h2>Technicals</h2>
Company's 52-week high was at $101.67
52-week low: $59.60
Price action over last quarter: Up 27.29%
<h2>Company Overview</h2>
Middlesex Water Co owns and operates regulated water utility and wastewater systems in the U.S. The firm primarily operates in the eastern states of New Jersey, Delaware, and Pennsylvania. The company has two operating segments, Regulated and Non-Regulated. The regulated business includes collecting and distributing water to residential, commercial, industrial, and fire protection consumers. The non-regulated business includes contract services for the operation of private water and wastewater systems. The majority of the company's revenue is derived from the Regulated segment and from residential customers.

Earnings

MSEX

Recap: Middlesex Water Q2 Earnings

U.S. indices were trading lower as Amazon.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) fell following earnings and as COVID-19 delta variant concerns continue to drive market uncertainty.
<ul>
<li>
The Invesco QQQ Trust Series 1 (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) closed lower by 0.52% to $364.57.
</li>
<li>
The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dia#NASDAQ">DIA</a>) lost 0.38% to $349.48.
</li>
<li>
The SPDR S&amp;P 500 ETF Trust (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spy#NASDAQ">SPY</a>) finished lower by 0.49% to $438.51.
</li>
</ul>
Here are the day&#39;s winners and losers from the QQQ, according to data from <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
KLA Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/klac#NASDAQ">KLAC</a>), Advanced Micro Devices, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amd#NASDAQ">AMD</a>) and Align Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/algn#NASDAQ">ALGN</a>) were among the top gainers for the Nasdaq Friday.
Amazon, eBay Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ebay#NASDAQ">EBAY</a>) and PayPal Holdings Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pypl#NASDAQ">PYPL</a>) were among the top losers for the QQQ.
<h3>Elsewhere On The Street</h3>
Amazon shares traded lower by 7% on Friday after the company reported slowing revenue growth in the second quarter and issued weak guidance for the second half of the year&hellip; <a href="https://www.benzinga.com/analyst-ratings/analyst-color/21/07/22249955/9-amazon-analysts-break-down-q2-earnings-comps-tougher-than-expected">Read More</a>
On Friday morning, Royal Caribbean Cruises (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rcl#NYSE">RCL</a>) announced six passengers on board the Royal Caribbean International&rsquo;s Adventures of the Seas tested positive for COVID-19&hellip; <a href="https://www.benzinga.com/news/21/07/22251280/6-passengers-on-royal-caribbean-cruise-test-positive-for-covid-19?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+benzinga%2Fnews+%28Channels+-+News%29">Read More</a>
Facebook Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fb#NASDAQ">FB</a>) has been rumored to be working on smart glasses since 2019. The company announced updated plans on the long-rumored growth item during its earnings call this week&hellip; <a href="https://www.benzinga.com/news/21/07/22249396/facebook-close-to-launching-ray-ban-smart-glasses-what-investors-should-know">Read More</a>

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Amazon, eBay Fall Sharply As The QQQ Closes Lower Friday

Brad Jacobs hasn't been denied much during what has been one of the most accomplished business careers of the past 40 years. What Jacobs has wanted, he's taken, judging by his founding of five billion-dollar businesses, three of which became very successful publicly traded companies.

Yet what has eluded Jacobs in the 10 years since he founded XPO Logistics Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpo#NYSE">XPO</a>), one of those billion-dollar babies, is having his company mentioned in the same breath as Old Dominion Freight Line Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/odfl#NASDAQ">ODFL</a>), Saia Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/saia#NASDAQ">SAIA</a>) and C.H. Robinson Worldwide Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>). All three trade at higher valuations than XPO, and all play in XPO's sandbox. Robinson is the nation's largest freight broker. LTL carriers Old Dominion and Saia have truckload brokerage businesses, but they are too small to move the needles at either company. Jacobs, by contrast, maintained robust brokerage and LTL operations at XPO, and both are thriving.

At 9:30 a.m. Eastern time on Monday, one day shy of his 65th birthday, Jacobs will ring the bell at the New York Stock Exchange to signal the start of trading in GXO Logistics Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gxo#NYSE">GXO</a>), XPO's one-time logistics business that has been spun off to shareholders. Once he takes his hand off the ringer, Jacobs will, as chairman and CEO, run a "pure-play" transportation company and leave the contract logistics operation in the hands of a separate public enterprise. He will also need to convince Wall Street that the XPO that remains should be accorded an equal if not superior valuation to rivals that have been more richly rewarded in part for presenting investors and analysts with a simpler road map than the old XPO.

The pre-spin XPO was routinely accorded high-single-digit to low-single-digit multiples to earnings before interest, taxes, depreciation and amortization (EBITDA). Old Dominion's, Saia's and Robinson's multiples were typically higher. For example, Old Dominion and Saia shares trade today at 20 and 15.6 times their respective 2021 EBITDA. 

Jacobs' message for several years is that XPO has been penalized with a multiple-compressing "conglomerate's because the company had too many moving parts for investors to appropriately and accurately value. By separating the two businesses into stand-alone, simpler-to-understand models, Jacobs believes the strategy will help the post-spin XPO escape the penalty box.

It promises to be an interesting ride. GXO, which Jacobs will chair but not run day to day, will hold an investment-grade credit rating from the start. GXO will become the world's largest pure-play contract logistics company, though in reality, its rivals in the narrow space are small companies. Big contract logistics providers like DHL Supply Chain are part of companies that offer other services. 

XPO will not come out of the gate with an investment-grade rating, although a company spokesman said it plans to reach that status soon after the spinoff. Acquisitions, which had been the centerpiece of the strategy that brought the company to this point, will take a way-in-the-back seat to deleverage in order to meet the investment-grade criteria, Jacobs told analysts on Thursday, the day after XPO issued its final quarterly results as a combined entity. The results were stellar, with XPO setting quarterly records for revenue and EBITDA. XPO also raised full-year earnings estimates for the transport and logistics segments.

Amit Mehrotra, the longtime Deutsche Bank analyst whose propensity for raising inconvenient truths has earned the transport C-suites' grudging respect and perhaps a slug of enmity, wondered on the call if XPO would still feel the weight of the conglomerate's discount post-spin. Mehrotra asked Jacobs if shedding the brokerage and final-mile businesses — both of which are performing at high levels and would presumably fetch handsome sums if put on the market — might be the path to elevating XPO's multiple to the level of pure-play LTL providers. 

Jacobs replied that XPO has no plans to divest the non-LTL businesses and that it will not be weighed down by the dreaded "discount." Jacobs preached patience and advised all concerned to look beyond the first two weeks or so of trading.

The spinoff also raises some intriguing scenarios. For one, there aren't that many individuals chairing two large public companies. At GXO, will Jacobs function as a traditional hands-off chairman, or will he become more involved than expected in a business that he ran until now? The XPO spokesman said there are examples of executives holding dual chairmanship positions, citing Michael Dell, the multibillionaire who heads the boards of technology companies Dell Technologies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dell#NYSE">DELL</a>) and VMWare Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vmw#NYSE">VMW</a>).

There is the issue of cross-selling. Will an XPO account executive feel pressure to steer a customer to GXO if that customer wants contract logistics services? The ability to sell a broad transport and logistics portfolio was an important part of XPO's value proposition through the latter part of the past decade. However, Jacobs has said in recent years that most of the cross-selling did not occur across the transportation and logistics businesses, but within the transportation portfolio where an LTL customer may also want final-mile and intermodal coverage. 

Jacobs will also be dealing with a Teamsters union that XPO held at bay for a decade but that recently secured its first two collective-bargaining agreements with the company. The union believes it has the momentum to further organize at XPO, but in Jacobs, it faces an implacable foe.

Successful spinoffs are not slam dunks to execute. Still, one needs to look very hard to find an analyst who will bet against Jacobs, if not the strategy. Jason H. Seidl of Cowen &amp; Co. affirmed XPO as his "top pick" on Thursday following the second-quarter results and the subsequent analyst call. LTL is in a sweet macro spot, and XPO's technology investments will bear much fruit in digitizing manual and efficient processes, Seidl said.

Seidl was also encouraged by GXO's "robust business pipeline," adding that the company will "not only continue to expand to a new customer base but also has the ability to grow business within its current customer base. The analyst has a 12-month price target of $169 a share on XPO shares. Shares on Friday closed down 1.6% to $138.69.

Todd Fowler, an analyst at KeyBanc Capital Markets, said the spinoff should result in a "simplified reporting structure" and the "potential for better alignment among shareholders with respect to service offerings, end markets, and geographic exposure. Fowler added that he expects "greater transparency around [the] assigned valuation for each business post the actual spin." Yet the relative valuation of the combined company also remains attractive, he said. Fowler has a $175-a-share 12-month target, and has assigned an "overweight" rating to shares.

The headline of Fowler's research note spoke volumes for what will transpire on Monday and what lies ahead:  "See you at the crossroads."
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The XPO-GXO Spinoff Saga: 'See You At The Crossroads'

<h3>GAINERS:</h3>
<ul>
<li><a href="https://quotes.benzinga.com/quote/RHNMF" target="_blank">Rhinomed</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/rhnmf#OTC">RHNMF</a>) shares closed up 10.93% at $0.15</li>
<li><a href="https://quotes.benzinga.com/quote/IVITF" target="_blank">Invictus MD Strategies</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ivitf#OTC">IVITF</a>) shares closed up 7.44% at $0.03</li>
<li><a href="https://quotes.benzinga.com/quote/TGIFF" target="_blank">1933 Industries</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/tgiff#OTC">TGIFF</a>) shares closed up 5.71% at $0.07</li>
<li><a href="https://quotes.benzinga.com/quote/BMMJ" target="_blank">Body and Mind</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/bmmj#OTC">BMMJ</a>) shares closed up 3.89% at $0.35</li>
<li><a href="https://quotes.benzinga.com/quote/SOLCF" target="_blank">SOL Global Investments</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/solcf#OTC">SOLCF</a>) shares closed up 3.11% at $2.65</li>
<li><a href="https://quotes.benzinga.com/quote/NDVAF" target="_blank">Indiva</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ndvaf#OTC">NDVAF</a>) shares closed up 2.73% at $0.27</li>
<li><a href="https://quotes.benzinga.com/quote/CRLBF" target="_blank">Cresco Labs</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/crlbf#OTC">CRLBF</a>) shares closed up 2.69% at $10.65</li>
<li><a href="https://quotes.benzinga.com/quote/CVSI" target="_blank">CV Sciences</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/cvsi#OTC">CVSI</a>) shares closed up 2.34% at $0.33</li>
</ul>
<h3>LOSERS:</h3>
<ul>
<li><a href="https://quotes.benzinga.com/quote/CNGGF" target="_blank">Cann Gr</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/cnggf#OTC">CNGGF</a>) shares closed down 17.81% at $0.20</li>
<li><a href="https://quotes.benzinga.com/quote/NTEC" target="_blank">Intec Parent</a>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ntc#NASDAQ">NTC</a>) shares closed down 16.68% at $11.29</li>
<li><a href="https://quotes.benzinga.com/quote/HERTF" target="_blank">Heritage Cannabis Holding</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/hertf#OTC">HERTF</a>) shares closed down 11.05% at $0.06</li>
<li><a href="https://quotes.benzinga.com/quote/MBII" target="_blank">Marrone Bio Innovations</a>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mbii#NASDAQ">MBII</a>) shares closed down 7.41% at $1.25</li>
<li><a href="https://quotes.benzinga.com/quote/CXXIF" target="_blank">C21 Investments</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/cxxif#OTC">CXXIF</a>) shares closed down 7.06% at $0.79</li>
<li><a href="https://quotes.benzinga.com/quote/CNVCF" target="_blank">BioHarvest Sciences</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/cnvcf#OTC">CNVCF</a>) shares closed down 6.03% at $0.31</li>
<li><a href="https://quotes.benzinga.com/quote/TLRY" target="_blank">Tilray</a>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tlry#NASDAQ">TLRY</a>) shares closed down 5.25% at $14.61</li>
<li><a href="https://quotes.benzinga.com/quote/EAST" target="_blank">Eastside Distilling</a>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/east#NASDAQ">EAST</a>) shares closed down 4.9% at $3.88</li>
<li><a href="https://quotes.benzinga.com/quote/GHG" target="_blank">GreenTree Hospitality Gr</a>&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ghg#NYSE">GHG</a>) shares closed down 3.85% at $9.00</li>
<li><a href="https://quotes.benzinga.com/quote/KSHB" target="_blank">KushCo Holdings</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/kshb#OTC">KSHB</a>) shares closed down 3.79% at $0.86</li>
<li><a href="https://quotes.benzinga.com/quote/CGC" target="_blank">Canopy Growth</a>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgc#NASDAQ">CGC</a>) shares closed down 3.22% at $18.91</li>
<li><a href="https://quotes.benzinga.com/quote/XXII" target="_blank">22nd Century Group</a>&nbsp;(AMEX:XXII) shares closed down 3.03% at $3.20</li>
</ul>
<a href="https://www.benzinga.com/cannabis/stocks/">Check out a full list of cannabis stock movers in real-time following this link.</a>
Lead image by Ilona Szentivanyi. Copyright: Benzinga.

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Slight Correction For Cannabis Stocks After A Ramping Week, Check Out The Top Movers For July 30, 2021

Eastman Kodak Company&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kodk#NYSE">KODK</a>) shares are trading higher Friday, possibly on continued momentum after the company was granted a U.S. patent for a low volume gravure inking system on Tuesday.
Eastman Kodak was up 1.65% at $7.38&nbsp;last check Friday.
<img alt="kodkdaily7-30-21.png" src="https://www.benzinga.com/files/u285825/kodkdaily7-30-21.png" style="height:400px; width:640px" />
<h3>Eastman Kodak Daily Chart Analysis</h3>
<ul>
<li>The stock looks to be trading in what technical traders call a pennant pattern that could see a breakout in the next couple months.</li>
<li>The stock trades below both the 50-day moving average (green)&nbsp;and the 200-day moving average (blue), indicating sentiment in the stock has been bearish.</li>
<li>Each of these moving averages may hold as an area of resistance.</li>
<li>The price has been hanging around pattern support and has always seen a bounce off it in the past.</li>
<li>The Relative Strength Index (RSI) might be making a turn and has been moving higher. The RSI was trading near the oversold area, but moved up to 42 meaning more buyers have been moving into the stock although the stock has more sellers.</li>
&nbsp;
</ul>
<h3>What&rsquo;s Next For Eastman Kodak?</h3>
Bullish traders are looking to see the stock form higher lows in the pattern. Eventually bulls would like to see the stock breakout of pattern resistance and make a strong move higher.
Bearish traders would like to see the stock fall and break below the pattern support. A strong bearish push may follow a break of pattern support.

KODK

What's Next As Eastman Kodak Stock Gets A Push Up After Being Granted Patent

Guidance

Financing

AAPL

ALID

ATNF

CNBS

CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

CURLF

FLWPF

GRAMF

GRVI

HITI

IMCC

KTNNF

MSOS

NXTTF

RWBYF

THCX

VRNOF

YOLO

The Week In Cannabis: Tilray's Huge Week, Colin Hanks, Allen Iverson, Seth Rogen And More

MicroStrategy Incorporated&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mstr#NASDAQ">MSTR</a>) just reported its best second-quarter financial results in six years, MicroStrategy CEO Michael Saylor said Friday on CNBC&#39;s &quot;Squawk On The Street.&quot;
What Happened: MicroStrategy announced quarterly earnings of $1.72 per share, which beat the estimate of $1.03 per share. The company reported quarterly revenue of $125.35 million, which beat the estimate of $120.45 million.&nbsp;
Saylor told CNBC that&nbsp;MicroStrategy&nbsp;beat estimates on the top and bottom line as a result of the company&#39;s&nbsp;organic growth. He attributed the better-than-expected&nbsp;quarter to the &quot;laser-like focus of the company on business intelligence.&quot;
The Bitcoin Effect: Bitcoin (CRYPTO: BTC) has &quot;elevated our band by a factor of 100,&quot; Saylor told CNBC.
MicroStrategy announced that it acquired more than 13,000 Bitcoins for $529 million in the second quarter. The company said it plans to continue to acquire more Bitcoin moving forward.
Related Link:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/21/07/22246824/why-does-bitcoins-price-fluctuate-crypto-expert-weighs-in">Why Does Bitcoin&#39;s Price Fluctuate? Crypto Expert Weighs In</a>
Bitcoin is &quot;digital real estate,&quot; Saylor said, adding&nbsp;it&#39;s better than normal real estate because of its scarcity,&nbsp;tax benefits and ability to move it around.&nbsp;
MicroStrategy took on $2.2 billion in debt in order to buy Bitcoin.
Saylor told CNBC that the company pays about 1.5% interest on its debt. &quot;Being a leveraged Bitcoin long company is a good thing for our shareholders,&quot; he said.&nbsp;&quot;If I could borrow $1 billion and buy Facebook, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fb#NASDAQ">FB</a>) a decade ago for 1% interest, I think I would have done quite well.&quot;
Alphabet Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) created digital books, Facebook created digital communications, Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) created digital music and Amazon.com Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) created digital retail, Saylor said, adding that Bitcoin is a digital property on an open monetary network.&nbsp;
Bitcoin is &quot;the most broadly held financial asset in the history of the world,&quot; he told CNBC.&nbsp;&quot;It takes time to fully grasp the implications of something so profound.&quot;
Price Action: At last check Friday, MicroStrategy was up 0.16% at $626.01 and Bitcoin was up 0.56% at $40,258.30.
Photo&nbsp;by&nbsp;<a href="https://pixabay.com/users/thedigitalartist-202249/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=3857778">Pete Linforth</a>&nbsp;from&nbsp;<a href="https://pixabay.com/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=3857778">Pixabay</a>.

Education

Media

$BTC

GOOG

GOOGL

MSTR

Michael Saylor On MicroStrategy And The Bitcoin Effect

<h3>Gainers</h3>
<ul>
<li>First Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) shares moved upwards by 2.45% to $88.15 during Friday's after-market session. At the close, First Solar's trading volume reached 116.2K shares. This is 5.56% of its average volume over the last 100 days. The company's market cap stands at $9.3 billion. The company's, Q2 earnings came out yesterday. </li>
<li>Nxt-ID (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXTD#NASDAQ">NXTD</a>) shares rose 2.13% to $0.78. Trading volume for this security closed at 360.4K, accounting for 9.71% of its average full-day volume over the last 100 days. The company's market cap stands at $41.3 million. </li>
<li>Research Frontiers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REFR#NASDAQ">REFR</a>) shares increased by 1.96% to $2.6. The market value of their outstanding shares is at $82.2 million. </li>
<li>Red Cat Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>) shares rose 1.58% to $3.2. The market value of their outstanding shares is at $108.3 million. </li>
<li>Pure Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>) stock increased by 1.17% to $19.75. Pure Storage's trading volume hit 361.7K shares by close, accounting for 7.92% of its average volume over the last 100 days. The market value of their outstanding shares is at $5.5 billion. </li>
<li>Inpixon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INPX#NASDAQ">INPX</a>) shares rose 0.97% to $1.04. The company's market cap stands at $116.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Marin Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRIN#NASDAQ">MRIN</a>) shares fell 6.53% to $7.74 during Friday's after-market session. At the close, Marin Software's trading volume reached 829.6K shares. This is 3.48% of its average volume over the last 100 days. The market value of their outstanding shares is at $84.8 million. The company's, Q2 earnings came out today. </li>
<li>Atomera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATOM#NASDAQ">ATOM</a>) stock fell 3.69% to $17.0. The market value of their outstanding shares is at $391.6 million. </li>
<li>Bridgeline Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLIN#NASDAQ">BLIN</a>) shares declined by 3.13% to $6.2. The market value of their outstanding shares is at $50.5 million. </li>
<li>Socket Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCKT#NASDAQ">SCKT</a>) shares fell 2.11% to $6.5. The company's market cap stands at $46.3 million. </li>
<li>Agora (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>) shares decreased by 1.84% to $31.0. The company's market cap stands at $3.5 billion. </li>
<li>eGain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGAN#NASDAQ">EGAN</a>) stock declined by 1.46% to $11.5. The company's market cap stands at $357.6 million. </li>
</ul>

ATOM

BLIN

EGAN

FSLR

INPX

MRIN

NXTD

PSTG

RCAT

REFR

SCKT

12 Information Technology Stocks Moving In Friday's After-Market Session

<h3>Gainers</h3>
<ul>
<li>Akerna (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KERN#NASDAQ">KERN</a>) shares rose 4.66% to $3.59 during Friday's after-market session. The market value of their outstanding shares is at $90.5 million. </li>
<li>SOS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOS#NYSE">SOS</a>) stock rose 2.14% to $2.62. This security traded at a volume of 179.8K shares come close, making up 1.11% of its average volume over the last 100 days. The company's market cap stands at $490.2 million. </li>
<li>Energous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WATT#NASDAQ">WATT</a>) shares moved upwards by 1.19% to $2.55. The market value of their outstanding shares is at $157.9 million. As per the news, the Q2 earnings report came out yesterday. </li>
<li>Blade Air Mobility (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLDE#NASDAQ">BLDE</a>) shares rose 1.04% to $7.75. The market value of their outstanding shares is at $536.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Sigma Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGLB#NASDAQ">SGLB</a>) stock declined by 1.79% to $3.31 during Friday's after-market session. The market value of their outstanding shares is at $34.7 million. </li>
<li>RCM Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCMT#NASDAQ">RCMT</a>) stock fell 1.43% to $4.14. The company's market cap stands at $45.9 million. </li>
<li>Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) stock fell 1.32% to $146.4. This security traded at a volume of 53.0K shares come close, making up 4.09% of its average volume over the last 100 days. The market value of their outstanding shares is at $61.7 billion. As per the news, the Q2 earnings report came out 3 days ago. </li>
<li>Advent Technologies Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADN#NASDAQ">ADN</a>) stock decreased by 1.29% to $7.69. The company's market cap stands at $354.7 million. </li>
<li>ADT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADT#NYSE">ADT</a>) shares decreased by 1.25% to $10.35. At the close, ADT's trading volume reached 621.2K shares. This is 20.64% of its average volume over the last 100 days. The company's market cap stands at $8.5 billion. </li>
<li>NOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) shares fell 1.17% to $9.76. At the close, NOW's trading volume reached 152.7K shares. This is 22.39% of its average volume over the last 100 days. The company's market cap stands at $1.0 billion. </li>
</ul>

BLDE

DNOW

KERN

RCMT

SGLB

WATT

10 Industrials Stocks Moving In Friday's After-Market Session

<h3>Gainers</h3>
<ul>
<li>OneSmart Intl Edu Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONE#NYSE">ONE</a>) shares increased by 2.03% to $0.53 during Friday's after-market session. The company's market cap stands at $85.6 million. </li>
<li>GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) stock increased by 1.82% to $163.5. Trading volume for this security closed at 132.1K, accounting for 2.22% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $12.1 billion. </li>
<li>Lordstown Motors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIDE#NASDAQ">RIDE</a>) stock moved upwards by 1.6% to $6.34. Trading volume for this security closed at 179.0K, accounting for 1.51% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.1 billion. </li>
<li>Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPS#NYSE">GPS</a>) stock rose 1.58% to $29.57. At the close, Gap's trading volume reached 538.7K shares. This is 8.41% of its average volume over the last 100 days. The market value of their outstanding shares is at $11.1 billion. </li>
<li>Allied Esports (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AESE#NASDAQ">AESE</a>) shares moved upwards by 1.01% to $2.0. The market value of their outstanding shares is at $78.2 million. </li>
<li>Moxian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOXC#NASDAQ">MOXC</a>) shares rose 1.0% to $18.02. The market value of their outstanding shares is at $348.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Elite Education Gr Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EEIQ#NASDAQ">EEIQ</a>) stock fell 4.89% to $3.7 during Friday's after-market session. The market value of their outstanding shares is at $32.6 million. </li>
<li>Esports Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBET#NASDAQ">EBET</a>) stock fell 3.26% to $22.0. The company's market cap stands at $287.0 million. </li>
<li>Sunlands Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STG#NYSE">STG</a>) shares declined by 2.53% to $0.59. The market value of their outstanding shares is at $99.3 million. </li>
<li>Arcimoto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUV#NASDAQ">FUV</a>) stock fell 1.83% to $16.05. The market value of their outstanding shares is at $574.3 million. </li>
<li>E-Home Household Service (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) stock declined by 1.66% to $27.92. The company's market cap stands at $936.8 million. </li>
<li>Puxin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEW#NYSE">NEW</a>) stock fell 1.46% to $0.68. The market value of their outstanding shares is at $59.3 million. </li>
</ul>

AESE

EBET

EEIQ

MOXC

Lordstown Motors Corp. - Class A Common Stock

RIDE

12 Consumer Discretionary Stocks Moving In Friday's After-Market Session

<h3>Gainers</h3>
<ul>
<li>NanoVibronix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAOV#NASDAQ">NAOV</a>) shares moved upwards by 4.8% to $2.62 during Friday's after-market session. Today's trading volume for this security ended up closing at 681.8K shares, which is 6.76 percent of its average volume over the last 100 days. The market value of their outstanding shares is at $63.1 million. </li>
<li>Harpoon Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HARP#NASDAQ">HARP</a>) stock increased by 4.69% to $10.25. Today's trading volume for this security ended up closing at 103.8K shares, which is 23.8 percent of its average volume over the last 100 days. The company's market cap stands at $333.3 million. </li>
<li>Nektar Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKTR#NASDAQ">NKTR</a>) stock moved upwards by 3.16% to $16.29. This security traded at a volume of 148.5K shares come close, making up 16.46% of its average volume over the last 100 days. The market value of their outstanding shares is at $2.9 billion. </li>
<li>Dynatronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DYNT#NASDAQ">DYNT</a>) shares rose 2.89% to $1.42. The market value of their outstanding shares is at $24.6 million. </li>
<li>Gritstone Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRTS#NASDAQ">GRTS</a>) shares increased by 2.54% to $6.85. The market value of their outstanding shares is at $337.0 million. </li>
<li>Cassava Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAVA#NASDAQ">SAVA</a>) shares increased by 2.4% to $71.2. This security traded at a volume of 93.0K shares come close, making up 3.16% of its average volume over the last 100 days. The market value of their outstanding shares is at $2.8 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Erytech Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERYP#NASDAQ">ERYP</a>) stock decreased by 5.34% to $6.03 during Friday's after-market session. Erytech Pharma's trading volume hit 121.2K shares by close, accounting for 325.45% of its average volume over the last 100 days. The market value of their outstanding shares is at $159.2 million. </li>
<li>China SXT Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SXTC#NASDAQ">SXTC</a>) stock fell 3.21% to $1.21. The market value of their outstanding shares is at $18.7 million. </li>
<li>Medigus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDGS#NASDAQ">MDGS</a>) stock decreased by 2.96% to $1.64. The company's market cap stands at $38.9 million. </li>
<li>TCR2 Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCRR#NASDAQ">TCRR</a>) shares decreased by 2.58% to $12.12. The company's market cap stands at $462.5 million. </li>
<li>Solid Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLDB#NASDAQ">SLDB</a>) shares fell 2.51% to $2.72. The company's market cap stands at $300.0 million. </li>
<li>Brainstorm Cell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCLI#NASDAQ">BCLI</a>) shares declined by 2.49% to $3.93. The company's market cap stands at $142.7 million. </li>
</ul>

BCLI

DYNT

ERYP

GRTS

HARP

MDGS

NAOV

NKTR

SAVA

SLDB

SXTC

TCRR

12 Health Care Stocks Moving In Friday's After-Market Session

Dividends

Continental Resources Raises Dividend From $0.11 To $0.15/Share

UPDATE: Marin Software Q2 Adj. EPS $(0.21) Up From $(0.36) YoY, Sales $6.09M Down From $7.28M YoY

Three additional states have implemented 30-day waivers of the federal hours-of-service rules, citing tight supplies of drivers as a reason.

The steps by Minnesota, Wyoming, and Iowa to declare a state of emergency as the basis for the waiver follow a recent decision by South Dakota to also <a href="https://www.freightwaves.com/news/south-dakota-waives-hours-of-service-to-help-petroleum-resupply">implement a 30-day HOS waiver,</a> with that state citing driver availability as well.

Minnesota Gov. Tim Walz signed the order Wednesday supported by much of the state's agricultural industry. 

Federal law allows states to declare their own 30-day waivers from HOS rules. Several states that had similar waivers in place for Hurricane Elsa are on the verge of seeing those exemptions expire in the next few days. 

In Minnesota, according to the statement issued by the governor's office, the issue is a lack of adequate drivers combined with a drought that is forcing some agricultural deliveries to go farther than normal to get products to or from markets. 

"These [drought] conditions have resulted in a significant decrease in the availability of hay and other forage in Minnesota and neighboring states," Walz's statement said. "This has prompted farmers and livestock producers to change their operations, including reducing their herd or shipping livestock earlier than normal."

Because of the drought, the statement said, there has been a drop of about 10,000 acres of "harvestable" hay "and will require farmers and livestock producers to travel farther distances to obtain hay and forage needed to feed their livestock."

The governor went on to say that such organizations as the Minnesota Farmers Union and the Minnesota Cattlemen had asked for "emergency relief measures to increase access to livestock forage."

"Strict enforcement of certain hours of service regulations would prevent or hinder the efficient transportation of forage, which is critical to maintain healthy livestock," the governor's statement added. 

The statement specifically noted the federal HOS regulation, 49 CFR § 395.3, as being waived under the state's action. However, it keeps in place the part of that rule restricting driving to 11 hours over a 14-hour period. It also said that a "fatigued or ill" driver may not be required to work. And if drivers say they need rest, they must be given 10 consecutive off-duty hours before coming back to work.

In the case of Wyoming and Iowa, the wording is similar and is targeted at deliveries of petroleum. In Wyoming, the 30-day exemption was implemented July 20. Iowa's is more recent, going into effect Thursday.

Both proclamations target low supplies of petroleum. In Wyoming, however, it also noted efforts to fight wildfires in the state as requiring additional supplies of petroleum. 

In both states, the waivers forbid requiring a fatigued driver to get behind the wheel. In the case of Iowa, at the end of the 30-day period, if a driver has been on duty for more than 70 hours during any eight consecutive days, that driver must be given at least 34 consecutive hours off.

<a href="https://www.freightwaves.com/news/author/johnkingston">More articles by John Kingston</a>

<a href="https://www.freightwaves.com/news/another-day-another-record-breaking-earnings-report-this-time-at-saia">Another day, another record breaking earnings report, this time at Saia</a>

<a href="https://www.freightwaves.com/news/ryder-beats-already-strong-q2-estimates-could-be-on-acquisition-hunt">Ryder beats already strong Q2 estimates, could be on acquisition hunt</a>

<a href="https://www.freightwaves.com/news/court-decision-serves-as-primer-on-pitfalls-possibilities-of-truck-leasing">Court decision serves as primer on pitfalls, possibilities of truck leasing</a>
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Government

Regulations

3 More States Waive Targeted Hours-Of-Service Rules For 30 Days

Four months after raising $1.2 billion, instant delivery application Gopuff announced it has closed on a Series H round for $1 billion, reaching a $15 billion valuation.

The round was led by new investor Blackstone's Horizons platform and its previous investor Fidelity Management and Research Co. Participants in the round included previous investors Softbank Vision Fund 1, Atreides Management and Eldridge Capital, and new investors Guggenheim Investments, Hedosophia, MSD Capital and Adage Capital.

"As Gopuff continues to define the Instant Needs economy, we are thrilled to have new leading global partners on board, along with the support of our longtime investors," said Rafael Ilishayev, co-founder and co-CEO of Gopuff. "This funding round is further validation of the success of our model and will enable us to continue to do what we do best: deliver an unmatched customer experience."

Funding details: <a href="https://gopuff.com/">Gopuff</a>

<table><tbody><tr><td>Funding amount</td>
			<td>$1 billion</td>
		</tr><tr><td>Funding round</td>
			<td>Series H</td>
		</tr><tr><td>Lead investors</td>
			<td>Blackstone's Horizons and Fidelity Management and Research Co.</td>
		</tr><tr><td>Secondary investors</td>
			<td>Softbank Vision Fund 1, Atreides Management, Eldridge Capital, Guggenheim Investments, Hedosophia, MSD Capital and Adage Capital</td>
		</tr><tr><td>Business goals for the round</td>
			<td>Expand into more North American markets and the United Kingdom</td>
		</tr><tr><td>Post valuation</td>
			<td>$15 billion</td>
		</tr><tr><td>Total funding</td>
			<td>$3.43 billion</td>
		</tr></tbody></table>

Much like its previous round, the company plans to use the funds to continue building microfulliflment ecosystems within North America and expand its footprint in the United Kingdom to offer customers 30-minute deliveries off various convenience store goods at a competitive $1.95 fee.

Just this week, Gopuff began offering its services in San Diego, bringing its total market exposure to 850 cities in the United States. In December, the company acquired the alcoholic beverage retailer BevMo!, including the delivery infrastructure at its more than 160 stores across California, Arizona and Washington.

<h4 id="h-related-article-it-s-time-the-logistics-industry-took-notice-of-gopuff">Related article: <a href="https://www.freightwaves.com/news/its-time-the-logistics-industry-took-notice-of-gopuff">It's time the logistics industry took notice of Gopuff</a></h4>

In order to scale its accelerating growth, the company has continued to strategically acquire companies.

In May, the company acquired the last-mile delivery platform Fancy to effectively expand its team into the United Kingdom and Europe, and is rumored to soon be acquiring London-based Dija, another grocery delivery startup, according to TechCrunch.

It also acquired San Francisco-based rideOS for $115 million in June to advance the company's routing technology for its on-demand fleet of delivery partners.

"rideOS is among the best mapping, dispatching and routing technology firms in the industry and we are thrilled to have them lead innovation in key sectors for Gopuff," said Sharad Sundaresan, Gopuff's senior vice president of product and growth. "This investment will enable Gopuff to continually improve the customer experience in more complex geographies as we continue to be a leader in the Instant Needs category worldwide."

Along with its recent acquisitions, the company introduced this month its newest experience, Gopuff Kitchen. Positioned next to its micro-fulfillment centers, these electric mobile kitchens prepare foods by their own recipes and in partnership with local brands. These ghost kitchens can be found in 20 of Gopuff's markets across the U.S.

As part of the venture, the delivery company acquired Austin-based Bandit Ventures Inc., an application-only coffee shop, earlier in July. The terms of that acquisition were not disclosed.

"Gopuff has quietly built a very strong business and solidified itself as the leading player, continuing to define this evolving category," said Scott Minerd, global chief investment officer of Guggenheim Investments. 

"[Co-founders] Rafael and Yakir [Gola] are focused on maintaining fiscal responsibility while having the ability to successfully execute on strategic growth opportunities. This measured approach along with Gopuff's impressive offering has only just scratched the surface. We are thrilled to support this incredibly strong company and look forward to being part of Gopuff's journey and continued expansion," said Minerd.

<div>
<div><a href="https://www.freightwaves.com/news/author/gracesharkey" style="border-width:2px;">Articles by Grace Sharkey</a></div>
</div>

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Eurozone

Global

Startups

Tech

Instant Delivery Company Gopuff Reaches $15B Valuation

Huge profit gains in ocean shipping have become commonplace this year. But Ocean Network Express' year-over-year profit increase — 1,432% — is still attention-grabbing.   

For its fiscal 2021 first quarter, ONE recorded profit of $2.559 billion, a $2.39 billion gain from the $167 million posted in the same period last year. 

ONE's fiscal year runs from April 1 to March 31.

ONE said in its <a href="https://www.one-line.com/sites/g/files/lnzjqr776/files/2021-07/Disclosure%20FY2021%201Q_English%20V.9%20%28Clean%29.pdf">earnings report</a> Friday that "profit significantly increased" in large part because of the continuing strong market. The carrier included three bullet points: 

<ul><li>Global container trade volumes increased by about 20% year-over-year. Vessel utilization was at full capacity because of the strong cargo demand.</li>
	<li>Turmoil within the entire global supply chain continued during the quarter. "Severe shoreside and inland congestion was and is still ongoing."</li>
	<li>Long-term freight increased and short-term freight was significantly higher than expected.</li>
</ul>

ONE's first-quarter revenue jumped 111%, from $2.73 billion last year to $5.77 billion this year. Earnings before interest, taxes, depreciation and amortization leapt 499%, from $488 million last year to $2.92 billion this year. 

ONE said its operational costs did increase due to faster vessel speeds to improve schedule reliability. "Cost-saving initiatives progressed, but additional costs increased due to shoreside and inland congestion."

The Singapore-headquartered ocean carrier said strong cargo demand and labor shortages have resulted in longer port stays, port congestion, and heavy rail and truck traffic. Truck and chassis shortages were blamed for increased container dwell times. 

ONE said a resurgence of COVID-19 outbreaks has made a full-year forecast difficult, although it did say it expects first-half profit of about $6 billion at the close of its second quarter on Sept. 30. 

"The economic environment is now changing as the global situation of COVID-19 changes," ONE said. "It is therefore extremely difficult to make a performance forecast and as such, ONE's forecasts for FY2021 are yet to be finalized."

ONE does not include commentary from CEO Jeremy Nixon in its earnings release, but in a separate presentation on first-quarter initiatives, he was quoted as saying, "There are still risks ahead due to the overall low vaccination levels in many countries, which can lead to sudden changes in labor availability and operational conditions. The industry overall has deployed every spare vessel and container and the order book for new tonnage this year has sharply picked up for 2023-24 delivery.

"Ultimately demand and supply will come back into balance, but we remain conservative in trying to predict when this may or may not happen," Nixon said. 

German carrier Hapag-Lloyd is not so conservative. On Friday it raised its full-year forecast and expects 2021 EBITDA in the range of $9.2 billion to $11.2 billion. 

Full-year 2020 EBITDA was $3.08 billion, which Hapag-Lloyd CFO Mark Frese called a <a href="https://www.freightwaves.com/news/hapag-lloyd-profit-skyrockets-with-stellar-performance">"stellar performance."</a>

Hapag-Lloyd expects a first-half EBITDA of $4.2 billion, nearly $3 billion more than the same period in 2020 and nearly $1 billion more than last year's total. 

"Global demand for container transport remains at a high level. However, operational disruptions along the entire supply chain continue to cause significant delays and thereby contribute to the shortage of transport capacity," Friday's announcement said. "Hapag-Lloyd therefore expects earnings momentum to remain very strong in the second half of the financial year. Previously, a gradual normalization of the earnings trend had been expected for the second half" of 2021. 

<a href="https://www.freightwaves.com/news/one-has-second-quarter-of-significantly-increased-profit">ONE has second quarter of ‘significantly increased' profit</a>

<a href="https://www.freightwaves.com/news/hapag-lloyd-rakes-in-more-in-q1-than-all-of-2020">Hapag-Lloyd rakes in more in Q1 than all of 2020</a>

<a href="https://www.freightwaves.com/news/hapag-lloyd-profit-skyrockets-with-stellar-performance">Hapag-Lloyd profit skyrockets with ‘stellar performance'</a>

<a href="https://www.freightwaves.com/news/author/klinkwills">Click here for more American Shipper/FreightWaves stories by Senior Editor Kim Link-Wills.</a>

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ONE Giant Leap — 1,432% Profit Gain

Marin Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRIN#NASDAQ">MRIN</a>) reported quarterly losses of $(0.23) per share. This is a 36.11 percent increase over losses of $(0.36) per share from the same period last year. The company reported $6.09 million in sales this quarter. This is a 16.23 percent decrease over sales of $7.28 million the same period last year.

Marin Software Q2 EPS $(0.23) Up From $(0.36) YoY, Sales $6.09M Down From $7.28M YoY

ACET

Adicet Bio In 8K Filing Says Delivered Written Notice To Novartis To Terminate Certain License Agreement, Effective On Or Before Oct. 1, 2021; Says Co. Is Not Subject To Any Termination Penalties Related To Termination Of License Agreement

Tesla (NASDAQ:<a class="ticker" href="/stock/TSLA#NASDAQ">TSLA</a>) is just one example and a stellar one at that, which is to say electric vehicle stocks are on fire this year.

While a spate of small companies small, obscure electric vehicle manufacturers are striking while the iron is hot and testing the initial public offering&nbsp;market, <a href="https://www.benzinga.com/m-a/20/08/16779669/how-lordstown-motors-plans-to-disrupt-the-electric-vehicle-sector">there are credible fundamentals</a> backing the ascents Tesla and other established players in this arena.

&ldquo;The Electric Vehicles Market is projected to reach 26,951,318 units by 2030 from an estimated 3,269,671 units in 2019, at a compound annual growth rate of 21.1%,&rdquo; <a href="https://www.marketsandmarkets.com/Market-Reports/electric-vehicle-market-209371461.html">according to Markets and Markets research</a>.

That buoyant forecast could bolster the case for the following electric vehicle exchange-traded funds.

Global X Autonomous &amp; Electric Vehicles ETF (DRIV)

The Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="/stock/DRIV#NASDAQ">DRIV</a>) is nearly 2 1/2 years old and considering how hot the EV theme is, the fund is somewhat obscure with just $30 million in assets under management.

Up almost 12% year-to-date after hitting an all-time high on Monday, DRIV may be an underappreciated story. What&#39;s notable about this fund&#39;s ascent is that it&#39;s not heavily dependent on Tesla as a primary driver of returns. In fact, Elon Musk&#39;s company accounts for less than 3% of DRIV&#39;s weight. Rather, the Global X ETF offers a deeper reach into the EV ecosystem, featuring exposure to manufacturers as well as components makers.

DRIV follows the Solactive Autonomous &amp; Electric Vehicles Index and <a href="https://www.globalxetfs.com/funds/driv/">its top two holdings</a> are high-flying Apple (NASDAQ:<a class="ticker" href="/stock/AAPL#NASDAQ">AAPL</a>) and Nvidia (NASDAQ:<a class="ticker" href="/stock/NVDA#NASDAQ">NVDA</a>).

SPDR S&amp;P Kensho Smart Mobility ETF (HAIL)

Up 18.21% this year, the SPDR S&amp;P Kensho Smart Mobility ETF (NYSE:<a class="ticker" href="/stock/HAIL#NYSE">HAIL</a>) also joined the all-time high club on Monday. Like its aforementioned rival DRIV, HAIL isn&#39;t excessively allocated to a single stock.

And while HAIL isn&#39;t a dedicated EV ETF per se, it does offer solid reach into a variety of manufacturers as Nio (NYSE:<a class="ticker" href="/stock/NIO#NYSE">NIO</a>), Workhorse (NASDAQ:<a class="ticker" href="/stock/WKHS#NASDAQ">WKHS</a>) and Tesla are found among the fund&#39;s top 10 holdings. HAIL&#39;s 4% Workhose weight is one of the <a href="https://www.benzinga.com/trading-ideas/long-ideas/20/07/16563470/3-etfs-heavy-on-workhorse-stock-sort-of">largest such exposures</a> among all ETFs.

Like DRIV, HAIL also offers a deep bench in terms of broad EV exposure. The SPDR fund features exposure to more than 15 industry groups.

iShares Self-Driving EV and Tech ETF (IDRV)

The iShares Self-Driving EV and Tech ETF (NYSE:<a class="ticker" href="/stock/IDRV#NYSE">IDRV</a>) is one of the newer offerings in this category at a little over a year old.

It has a deep bench of 101 stocks, which is sizable compared to other thematic offerings and the fund is an option for investors looking for decent Tesla exposure as the stock is IDRV&#39;s largest holding at a weight of 6%.

That plus Apple and Nvidia combine for 9.5%. Add those three up and IDRV has the goods to at least pique investors&#39; interest.

Sector ETFs

ETFs

3 Electric Vehicle ETFs To Floor It With

There was a time when many investors in the U.S. thought electric vehicle stocks beyond Tesla Inc (NASDAQ:<a class="ticker" href="/stock/TSLA#NASDAQ">TSLA</a>) just weren&#39;t worth the trouble. That conversation is being dramatically altered this year and China&#39;s Nio Ltd. (NYSE:<a class="ticker" href="/stock/NIO#NYSE">NIO</a>).

Once left for dead and viewed as a speculative, low-priced name, Nio is experiencing an epic renaissance in 2020. On Wednesday, shares of the electric vehicle maker surged 22.57% on volume that was more than triple the daily average after JPMorgan dubbed the name an <a href="https://www.benzinga.com/analyst-ratings/analyst-color/20/10/17902165/jpmorgan-sees-nio-as-attractive-long-term-bet-in-fast-growing-chinese-ev-market">attractive long-term play</a> on China&#39;s booming EV market.

Of course, the rising tide provided Nio stock is of assistance to exchange-traded funds, which were once afterthoughts in relation to this name. Due to the automobile maker&#39;s improved financial position, credibility and share price appreciation, it&#39;s an increasingly prominent member in some ETFs.

To be precise, 63 ETFs have Nio exposure, according to <a href="https://www.etfrc.com/funds/stocklocator.php">ETF Research Center</a> (ETFRC) data. Here&#39;s a trio that represents the pick of that litter.

KraneShares MSCI China Environment ETF (KGRN)

It helps to be the &ldquo;Nio ETF&rdquo; and that&#39;s what the KraneShares MSCI China Environment Index ETF (NYSE:<a class="ticker" href="/stock/KGRN#NYSE">KGRN</a>) is. This unheralded fund allocates 8.71% of its weight to Nio, making the stock <a href="https://kraneshares.com/kgrn/">the ETF&#39;s largest holding </a>and KGRN the biggest ETF holder of the stock. That&#39;s working in the fund&#39;s favor this year as KGRN is higher by 84.42%.

KGRN follows the MSCI China IMI Environment 10/40 Index, which is based on five themes: Alternative Energy, Sustainable Water, Green Building, Pollution Prevention and Energy Efficiency. Home to 44 stocks, KGRN also stands as one of the best ways to access Chinese EV makers via the ETF wrapper.

First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN)

The First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:<a class="ticker" href="/stock/QCLN#NASDAQ">QCLN</a>) is no Nio slouch. The Chinese company is the largest holding in the First Trust fund at 7.82%. That&#39;s 165 basis points more than QCLN devotes to Tesla. Those two names account for essentially all of QCLN&#39;s automobile exposure.

However, there&#39;s much more to the fund as it has 10 industry exposures, including a combined 39% weight to renewable energy and semiconductor stocks. Bottom line: Nio is a contributor, but QCLN&#39;s diversity across a hot industry is the primary reason the ETF more than doubled this year.

SPDR S&amp;P Kensho Smart Mobility ETF (HAIL)

The SPDR S&amp;P Kensho Smart Mobility ETF (NYSE:<a class="ticker" href="/stock/HAIL#NYSE">HAIL</a>) is also a player in the Nio ETF conversation as the stock is the fund&#39;s largest holding at 6.48%. Additionally, HAIL is well-positioned as an alternative to <a href="https://www.benzinga.com/trading-ideas/long-ideas/20/07/16545233/3-futuristic-transportation-etfs-hitting-new-highs">dedicated electric vehicle ETFs </a>as related names, Nio included, combine for almost 21% of the fund&#39;s roster.

HAIL is the most diverse of the funds mentioned with exposure to 17 industries. It&#39;s up 36% this year.

3 ETFs For Nio Exposure

An obvious lesson many investors learned in 2020 is that electric vehicle stocks and the related exchange-traded funds are the future of automotive investing and are scorching hot.

What Happened: There <a href="https://www.benzinga.com/trading-ideas/long-ideas/20/07/16563470/3-etfs-heavy-on-workhorse-stock-sort-of">are plenty of ETFs</a> that are credible EV plays &ndash; some are even dedicated to the concept &ndash; but one of the hidden gems in the group is the SPDR S&amp;P Kensho Smart Mobility ETF (NYSE:<a class="ticker" href="/stock/HAIL#NYSE">HAIL</a>).

HAIL, which tracks the S&amp;P Kensho Smart Transportation Index, has nearly $103 million in assets under management and has tripled in value since late March.

The ETF is a unique spin on EV investing as components in its underlying index are &ldquo;companies whose products and services are driving innovation behind smart transportation, which includes the areas of autonomous and connected vehicle technology, drones and drone technologies used for commercial and civilian applications, and advanced transportation tracking and transport optimization systems,&rdquo; <a href="https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-kensho-smart-mobility-etf-hail">according to State Street</a>.

Why It&#39;s Important: Though HAIL is an equal-weight ETF, it does allocate almost 5% of its combined weight to Nio (NYSE:<a class="ticker" href="/stock/NIO#NYSE">NIO</a>) and Tesla (NASDAQ:<a class="ticker" href="/stock/TSLA#NASDAQ">TSLA</a>), a trait that is enough to pique some investors&#39; interest.

Beyond that, HAIL&nbsp;offers ample leverage to the incoming Biden Administration&#39;s more accommodating stance on the environment and renewable energy.

&ldquo;Biden&rsquo;s administration may reraise the standard and develop rigorous new vehicle emission standards to drive innovation and the adoption of clean vehicle technology,&rdquo; <a href="https://www.ssga.com/us/en/intermediary/etfs/insights/spotting-trends-target-cyclical-and-secular-changes-with-sectors">according to State Street research</a>.

The president-elect also wants to deploy 500,000 charging stations across the U.S. over the next decade. That&#39;s a long-ranging endeavor, but one that could boost HAIL because the ETF features charging station equity exposure.

What&#39;s Next: Biden also wants to increase federal government purchases of EVs. Obviously, Uncle Sam is a major automobile buyer, but his fleet currently consists of just 1% EVs. Material increases to that percentage could be a boon for HAIL as would ongoing tax credits for EV buyers.

&ldquo;Furthermore, Democratic legislators have discussed increasing the EV tax credit quota from 1.9 million cars to 7.5 million cars &ndash; adding $39 billion to the cost of the credit -- as well as expanding EV charging stations nationwide, which, if enacted, will make EVs more cost-competitive and accessible to consumers,&rdquo; according to State Street.

With EVs forecast to reach price parity traditional vehicles over the next several years, HAIL should benefit from disruptive secular growth tailwinds.

Politics

Nio And Tesla Hit The Accelerator For Nifty, High-Flying Electric Vehicle ETF

DRIV

HAIL

IDRV

KGRN

NVDA

QCLN

WKHS

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>

So far, September has been a volatile month for investors in Nikola&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/nkla-stock-quote/">NKLA</a>) stock. Following the <a href="https://media.gm.com/media/us/en/gm/home.detail.html/content/Pages/news/us/en/2020/sep/0908-gen2fcs.html" target="_blank">announcement</a> of a partnership with General Motors (NYSE:<a href="https://investorplace.com/stock-quotes/gm-stock-quote/">GM</a>) on Sept. 8, Nikola stock initially surged over 50%. But then came the news that short-seller Hindenburg Research was accusing Nikola of <a href="https://www.cnbc.com/2020/09/11/nikola-dismisses-short-seller-allegations-calling-them-a-hit-job.html" target="_blank">fraud</a>.
	<div><img src="https://investorplace.com/wp-content/uploads/2020/09/nkla1600-300x169.jpg" alt="Nikola Stock: Image on phone screen" width="300" height="169" /><div>Source: Stephanie L Sanchez / Shutterstock.com</div></div>
	
Recent <a href="https://onlinelibrary.wiley.com/doi/pdf/10.1002/bse.2430" target="_blank">research</a> led by Rene Bohnsack of Catolica Lisbon School of Business and Economics, and Ans Kolk of University of Amsterdam concludes:
Sustainable mobility has long been a key issue in the automotive industry, following earlier concerns about climate change, increasing regulation, and the ongoing need to meet environmental demands, also from consumers who attach much importance to fuel efficiency and environmental friendliness.
Amid this backdrop, 2020 has fast become the year when electric vehicle (EV) and alternative-fuel stocks got a lot of investor attention. This holds true even for a pre-revenue company like Nikola, which started trading only in June. Today, we&rsquo;ll take a look at the partnership between the two companies to see how it could affect Nikola stock in the rest of the year.
<h3>What the Deal Means</h3>
Phoenix, Arizona-based Nikola specializes in electric and hydrogen-powered trucks. On June 4, the shares started trading at $37.55. Within a week, Nikola stock stock surged to an all-time high at $93.99. The rapid increase in price followed an announcement that the company would begin taking reservations for &ldquo;Nikola Badger,&rdquo; <a href="https://investorplace.com/2020/06/nikola-motor-company-news-sends-nkla-stock-soaring/">a new electric pickup truck</a>.

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				</ul>Now the stock is around $42, once again giving up the earlier gains that followed the partnership announcement with GM. Put another way, the initial share price of $37.55 seems to act like a magnet for the stock after each rapid surge.
Its Q2 results released in early August showed that Nikola has not yet started commercial operations to produce its trucks. Furthermore, it has no profits related to EV operations. The quarterly revenue of $30,000 was generated for <a href="https://www.cnbc.com/2020/08/05/nikolas-entire-quarterly-revenue-of-36000-was-from-solar-installation-for-the-executive-chairman.html" target="_blank">selling solar panels</a>. The two companies are aiming for an initial production date of late 2022.
According to the deal GM will have 11% ownership of Nikola. It can also nominate one director. General Motors will engineer and manufacture batteries (both electric and fuel cell) for the Badger truck. Nikola will pay GM for the batteries and fuel cells, as well as for contract manufacturing of the truck.
In return, Nikola will oversee the sales and marketing operations for the truck and will retain the Nikola Badger brand. The contract is set to last ten years.
Despite the initial euphoria by investors in Nikola stock, analysts are debating whether the agreement benefits GM more. In fact, Jim Cramer, host of CNBC&rsquo;s Mad Money, <a href="https://www.youtube.com/watch?v=RSc8bsOO860" target="_blank">believes</a> General Motors comes out on top.

Even before the report by Hindenburg Research came out on Sept. 11, the Street was also wondering if the details of the deal meant Nikola&rsquo;s management had been too generous with their earlier claims that they had the technology to manufacture their EVs. This debate is likely to stay is the news for a while, which would could pressure NKLA shares.
<h3>What Could Be a Better Buy Than Nikola Stock?</h3>
The Street seems to agree with Mr. Cramer. Since the deal&rsquo;s announcement on Sept. 8, GM stock is up about 5%. The news was welcomed by shareholders in General Motors shares, which have not had a good 2020 so far. Year-to-date, GM stock is down over 14%.
In late July, the company announced <a href="https://investor.gm.com/news-releases/news-release-details/gm-second-quarter-results-show-business-resiliency" target="_blank">Q2</a> results, which showed the strength of its truck and SUV businesses. Over the past several years, it has also been building its electric vehicles business, which is still loss-making.
Many analysts have noted that GM&rsquo;s efforts in the EV space were simply <a href="https://investorplace.com/2020/09/buy-plug-power-plug-stock-for-cheaper-tesla-play/" target="_blank">not as hot</a> as Tesla&rsquo;s&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>). Therefore, this recent partnership announcement makes sense as part of the management&rsquo;s efforts to yield significant results. Recent weeks have seen speculation that GM may <a href="https://markets.businessinsider.com/news/stocks/gm-stock-price-buy-list-deutsche-bank-electric-vehicle-spinoff-2020-8-1029510366" target="_blank">spin off</a> its EV business, which would mean significant value for shareholders.
InvestorPlace.com readers may also remember that &ldquo;<a href="https://www.getcruise.com/" target="_blank">Cruise</a>&rdquo; is an autonomous driving entity in part owned by General Motors. The other owners include Softbank&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/sftby-stock-quote/">SFTBY</a>) and&nbsp;Honda&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/hmc-stock-quote/">HMC</a>).
General Motors has an iconic place in our industrial history. Therefore, before investing in Nikola stock, market participants may also want to do due diligence on GM stock. Management&rsquo;s &ldquo;Next-Gen&rdquo; <a href="https://investorplace.com/2020/09/gm-stock-is-slowly-making-progress-in-evs-but-is-worth-over-double-today/">vehicle</a>&nbsp;efforts will probably help GM shares cruise higher in the coming quarters.
<h3>The Bottom Line</h3>
The recent hype around EV stocks means retail investors and day traders chase these shares daily. Many market participants seem eager to bet Nikola stock may also become the next Tesla. However, the shares of this young company are volatile. Potential shareholders may regard a pull-back toward the $30-level or below as a better entry point.
However, if there is potentially any bad news from the allegations launched by Hindenburg Research, then there could easily be more downside to Nikola shares.
If you are ready to invest in the future of alternative energy vehicles, I believe GM may be even a more reliable name than Nikola.
Alternatively, you could possibly consider buying into an exchange-traded fund. Examples include the iShares Global Clean Energy ETF&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/icln-stock-quote/">ICLN</a>),&nbsp;the&nbsp;ALPS&nbsp;Clean Energy ETF&nbsp;(CBOE:<a href="https://investorplace.com/stock-quotes/aces-stock-quote/">ACES</a>),&nbsp;or the&nbsp;SPDR S&amp;P Kensho Smart Mobility ETF&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/hail-stock-quote/">HAIL</a>).
On the date of publication, Tezcan Gecgil did not hold (either directly or indirectly) any positions in the securities mentioned in this article.&#8203;
The author has worked in investment management for over two decades in the U.S. and U.K. In addition to formal higher education in the field, she has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Her passion is for options trading based on technical analysis of fundamentally strong companies. She especially enjoys setting up weekly covered calls for income generation. She also publishes <a href="https://stocksfundsinvesting.com/2020/09/13/why-id-start-investing-in-lse-shares-and-the-ftse-with-little-money-in-september/" target="_blank">educational</a> articles on long-term investing.
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The post <a href="https://investorplace.com/2020/09/will-nikola-stock-continue-to-benefit-from-gm-partnership-announcement/">Will Nikola Stock Continue to Benefit From GM Partnership Announcement?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Will Nikola Stock Continue to Benefit From GM Partnership Announcement?

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Plug Power (NASDAQ:<a href="https://investorplace.com/stock-quotes/plug-stock-quote/">PLUG</a>) stock has been one of the darlings of Wall Street in 2020. Year-to-date, PLUG stock is up over 280%. But that metric tells only half the story for the year. That proverbial $1,000 invested in the shares of the hydrogen fuel cell maker in early spring would now be worth more than $4,000. What&rsquo;s behind the rise?
<a href="https://investorplace.com/wp-content/uploads/2020/03/plug1600.jpg"><img src="https://investorplace.com/wp-content/uploads/2020/03/plug1600-300x169.jpg" alt="3d render image of hydrogen energy fuel cell from Plug Power" width="300" height="169" /></a>The market seems to be coming around to the <a href="https://www.energy.gov/sites/prod/files/2017/09/f36/fcto_business_case_fuel_cells_7th_edition.pdf" target="_blank">conclusion reached in 2017 by Argonne National Laboratory</a> that &ldquo;fuel cells are utilizing domestically produced natural gas to power to retail stores, data centers, production sites and other company facilities, greatly reducing emissions and doing so at a cost that can be competitive with the local electric grid in some states.&rdquo;
The report continues, &ldquo;Fuel cells are also competing in the material handling market, with companies finding value in improved operational efficiency and cost savings using fuel cells in forklifts and other vehicles over battery units.&rdquo;
As a result of its rapid move in the past six months, PLUG stock has become a momentum stock. It is also among the top <a href="https://robinhood.com/collections/100-most-popular" target="_blank">100 most popular stocks</a>&nbsp;on online brokerage firm&nbsp;Robinhood. The stock exhibits wide daily swings, especially whenever there is news regarding alternative energy sources.
Let&rsquo;s take a closer look at what to expect from the company through the end of the year. If you&rsquo;re not yet a shareholder, you may consider investing in Plug Power, especially if the price declines toward $10.
<h3>Heavy Lifting Boosts PLUG Stock</h3>
Material handling industry &mdash; like forklifts &mdash; is Plug Power&rsquo;s core market, where it is the leader across <a href="https://www.plugpower.com/products/gendrive/" target="_blank">North America</a>. Its fuel cells are an alternative to lead-acid batteries. The company specializes in technology that uses <a href="https://www.forbes.com/sites/jamesmorris/2020/07/04/why-hydrogen-will-never-be-the-future-of-electric-cars/" target="_blank">hydrogen as fuel for vehicles</a> both small (warehouse forklifts) and large (delivery vans and airport safety equipment).
Plug Power&rsquo;s clients include Walmart (NYSE:<a href="https://investorplace.com/stock-quotes/wmt-stock-quote/">WMT</a>), Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>), Kroger (NYSE:<a href="https://investorplace.com/stock-quotes/kr-stock-quote/">KR</a>), SuperValu (a wholly owned subsidiary of United Natural Foods (NYSE:<a href="https://investorplace.com/stock-quotes/unfi-stock-quote/">UNFI</a>), Wegmans, and Switzerland-headquartered Aryzta.

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				</ul>Earlier in August, Plug Power reported solid <a href="https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2020/Plug-Power-Announces-2020-Second-Quarter-Results/default.aspx">second-quarter earnings</a>. Revenue came at $68.07 million for the quarter ended June 2020. A year go, the number was $57.07 million. Quarterly loss was 3 cents per share, compared to a loss of 8 cents per share a year ago. Both <a href="https://investorplace.com/2020/08/plug-power-earnings-send-plug-stock-soaring/#:~:text=Revenue%20for%20the%20quarter%20comes,net%20loss%20of%20%248.67%20million." target="_blank">metrics were better than</a> expectations. Since the release of the results, PLUG stock is up over 30%.
Management said, &ldquo;as of year-end 2019, Plug Power&rsquo;s products were moving 25% of the retail food and groceries through the United States. In the first quarter of 2020, Plug Power reported that number had risen to approximately 30% as demand peaked.&rdquo;
Guidance for the Q3 gross billings is now in the range of $110 million to $115 million. The company also has a long-range aim of $1.2 billion in annual revenue, and $200 million in operating profit, by 2024.
<h3>Riding Industry Growth</h3>
Hydrogen fuel cells as an alternative energy source have been making news headlines lately. Nikola (NASDAQ:<a href="https://investorplace.com/stock-quotes/nkla-stock-quote/">NKLA</a>) has been getting investor attention as it aims to bring its hydrogen-powered vehicles to market. Earlier in September, General Motors&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/gm-stock-quote/">GM</a>) and Nikola announced a partnership, whereby &ldquo;&ldquo;<a href="https://media.gm.com/media/us/en/gm/home.detail.html/content/Pages/news/us/en/2020/sep/0908-gen2fcs.html">General Motors will</a> engineer, homologate, validate and manufacture the Nikola Badger battery electric and fuel cell versions.&rdquo; The Street welcomed the news.

A fuel cell generates electricity by a chemical reaction. According to the U.S. Department of Energy&rsquo;s Office of Energy Efficiency and Renewable Energy, &ldquo;a <a href="https://www.energy.gov/eere/fuelcells/fuel-cells" target="_blank">fuel cell uses the chemical energy</a> of hydrogen or another fuel to cleanly and efficiently produce electricity. If hydrogen is the fuel, electricity, water, and heat are the only products.&rdquo;
The European Union (EU) also believes fuel cells may offer the prospect of supplying the world with clean, sustainable electrical power. A <a href="https://www.fch.europa.eu/news/hydrogen-roadmap-europe-sustainable-pathway-european-energy-transition" target="_blank">recent study highlighted</a>, &ldquo;Hydrogen is an essential element in the energy transition and can account for 24% of final energy demand and 5.4m jobs by 2050.&rdquo;
The industry is still experiencing growing pains. Yet after the recent announcement between GM and Nikola, Plug Power may also find itself a candidate for partnership or <a href="https://uk.reuters.com/article/us-amazon-com-plug-power/amazon-acquires-right-to-buy-stake-in-fuel-cell-maker-plug-power-idUKKBN1771BB" target="_blank">to be acquired</a> by one of its top customers.
<h3>Wisdom of Alternative Energy in Portfolio</h3>
In the coming quarters, Plug Power&lsquo;s revenue growth is likely to continue. If you&rsquo;re bullish on hydrogen as well as alternative energy and would like to have exposure to Plug Power in your holdings, then you may consider building a position between $10-$12. There are currently nine analysts whose 12-month price forecasts for PLUG stock have a <a href="https://money.cnn.com/quote/forecast/forecast.html?symb=plug" target="_blank">median target of $13</a>.
Well-performing stocks tend to keep on winning, and the recent strength of PLUG stock might be a good indication that within three or four years, investors who buy PLUG stock on weakness are likely to be rewarded handsomely.
Alternatively, market participants may consider buying into an exchange-traded fund that includes PLUG stock, too. Examples include the&nbsp;iShares Global Clean Energy ETF&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/icln-stock-quote/">ICLN</a>), the&nbsp;Invesco DWA Industrials Momentum ETF&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/prn-stock-quote/">PRN</a>), the ALPS&nbsp;Clean Energy ETF (BATS:<a href="https://investorplace.com/stock-quotes/aces-stock-quote/">ACES</a>) or the SPDR S&amp;P Kensho Smart Mobility ETF&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/hail-stock-quote/">HAIL</a>).
On the date of publication, Tezcan Gecgil did not hold (either directly or indirectly) any positions in the securities mentioned in this article.&#8203;
The author has worked in investment management for over two decades in the U.S. and U.K. In addition to formal higher education in the field, she has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Her passion is for options trading based on technical analysis of fundamentally strong companies. She especially enjoys setting up weekly covered calls for income generation. She also publishes <a href="https://stocksfundsinvesting.com/2020/09/13/why-id-start-investing-in-lse-shares-and-the-ftse-with-little-money-in-september/" target="_blank">educational</a> articles on long-term investing.
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			</div>The post <a href="https://investorplace.com/2020/09/investor-interest-in-all-things-alternative-fueling-plug-stock-higher/">Investor Interest in All Things Alternative Fuel-ing PLUG Stock Higher</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Investor Interest in All Things Alternative Fuel-ing PLUG Stock Higher

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>

Investors in electric vehicle (EV) company&nbsp;Workhorse Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/wkhs-stock-quote/">WKHS</a>) are having a great year. So far in 2020, the stock is up over 900%, shooting past $30 per share. But that metric tells only half the story. On March 17, the shares hit a 52-week low of $1.32. $1,000 invested in the firm then would now be worth over an eye-popping $22,000.
	<div><img src="https://investorplace.com/wp-content/uploads/2020/09/wkhs_1600_b_workhorse-300x169.jpg" alt="Image of a Workhorse (WKHS) logo and drone on the side of a truck." width="300" height="169" /><div>Source: Photo from WorkHorse.com</div></div>
	
In his Congressional Testimony on&nbsp;June 2019, George Crabtree, Director, Joint Center for Energy Storage Research, Argonne National Laboratory and University of Illinois at Chicago, said, &ldquo;Electric vehicles are a <a href="https://www.anl.gov/article/congressional-testimony-george-crabtree" target="_blank">step in the emerging transformation</a> of transportation from exclusive reliance on personal car ownership to alternative modes of transportation, such as shared rides and mobility as a service.&rdquo;
CNBC Host Jim Cramer&nbsp;<a href="https://www.google.com/search?q=Jim+Cramer%253A+Robinhood+Investors+Are+Searching+for+Next+Tesla&amp;oq=Jim+Cramer%253A+Robinhood+Investors+Are+Searching+for+Next+Tesla&amp;aqs=chrome..69i57j69i60.376j0j7&amp;sourceid=chrome&amp;ie=UTF-8">notes</a>&nbsp;that small retail investors are looking for firms, especially in the EV space, that may <a href="https://investorplace.com/2020/09/nio-stock-isnt-tesla-of-china/">become the next&nbsp;Tesla</a>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>). Therefore today, we&rsquo;ll discuss catalysts as well as short-term headwinds that are likely to affect the price of Workhorse shares.
If you do not currently hold the stock, you may want to wait for a potential pullback toward the $20-level or below to build a position.
<h3>Long-Term Tailwinds Will Likely Power Many EV Stocks</h3>
InvestorPlace.com&nbsp;readers would be well aware of developments in the sector and the current hype around EV names. Mr. Crabtree further&nbsp;<a href="http://jupiter.chem.uoa.gr/thanost/papers/papers2/Science_366(2019)422.pdf">states</a>, &ldquo;Electric vehicles are poised to transform nearly every aspect of transportation, including fuel, carbon emissions, costs, repairs, and driving habits. The questions are not if, but how far, electrification will go.&rdquo; Thus, the new decade will likely see a more significant shift to EVs.

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				</ul>Loveland, Ohio-based Workhorse Group manufactures electrically powered delivery and utility vehicles, serving specifically the &ldquo;last-mile&rdquo; delivery sector. Earlier in August, it&nbsp;<a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1425287/000162828020012254/wkhs-20200810.htm">announced</a>&nbsp;financial results for the quarter ended June 30. Revenue was $92,000. For the quarter, operating expenses stood at $5.57 million. Net loss was $131 million, mostly due to increased interest expense, which stood high at $124.3 million.
These results alone would not suffice to push the stock up to its current levels. Investors have been buying the possibility of the award of a contract by the Postal Service that could be worth around $6 billion.
Louis Navellier has recently&nbsp;<a href="https://investorplace.com/2020/09/impressive-gains-if-wkhs-seals-6b-usps-contract/">covered</a>&nbsp;the potential effect of such a win. He concludes, &ldquo;If Workhorse lands that USPS contract? Besides the huge revenue boost, couriers and other delivery businesses are going to take notice. This year&rsquo;s WKHS stock gains could be just the start.&rdquo;
August brought cheer to the shares for a reason other than its core operations. Workhorse Group has 10% ownership in the privately-held Lordstown Motors, another newcomer to the EV space, specializing in electric pickup trucks.
On Aug.3, publicly-listed special purpose acquisition company (SPAC) DiamondPeak&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/dphc-stock-quote/">DPHC</a>) and Lordstown Motors&nbsp;<a href="https://www.sec.gov/Archives/edgar/data/1759546/000121390020019763/0001213900-20-019763-index.htm">announced</a>&nbsp;a reverse-merger. As a result, Lordstown will soon become a public company.
Workhorse investors were delighted as the company&rsquo;s shares in Lordstown could soon be worth considerably more. Since late July, Workhorse shares have doubled.

<h3>Should You Buy WKHS Stock Now?</h3>
Investor euphoria has been fueling shares in many electric car manufacturers such as Workhorse Group. But the company does not yet have any meaningful revenue, which means its <a href="https://www.morningstar.com/stocks/xnas/wkhs/quote">P/S ratio</a> is over 11,671 times.
Are you an investor who pays attention to short-term technical charts? Then you may be interested to know that various studies paint an overbought picture and urge caution. A momentum stock may stay overbought for a long time. Yet sooner or later, profit-taking kicks in, and the down moves typically happen quite fast.
Furthermore, the stock has a beta of over 2.8. That is a high number, showing market participants how risky Workhorse Group is compared to most other stocks and broader markets.
Therefore, investors who already hold significant gains in the shares may want to take some money off the table.
Those who already own the stock may also consider hedging their positions with monthly at-the-money (ATM) covered calls. Such a hedge would lower the portfolio&rsquo;s overall volatility, but would still make it possible to benefit from another leg up the stock. As importantly, shareholders would have some protection from subsequent profit-taking.
Potential investors may want to wait for a decline toward the $25-level or below. Such an entry point would improve the margin of safety.
<h3>The Bottom Line</h3>
Shareholders in Workhorse Group have so far had a remarkable year. Will the joy-ride continue in October?
The company is not yet an established EV firm as it does not have any sizable sales. Many of its eggs are in the potential USPS contract basket. Therefore, it is still a speculative investment. Investors should be ready to embrace a roller-coaster of a ride in the stock.
In the long run, Workhorse Group may find itself an acquisition target, creating exceptional shareholder value.
If you would like to invest in the business prospects but do not want full exposure to the choppiness offered by a single stock, you may consider investing in an exchange-traded fund (ETF) that also has Workhorse as a holding. Examples include the SPDR S&amp;P Kensho Smart Mobility ETF&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/hail-stock-quote/">HAIL</a>), the&nbsp;Invesco WilderHill Clean Energy ETF&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/pbw-stock-quote/">PBW</a>), and the&nbsp;ARK Autonomous Technology &amp; Robotics&nbsp;ETF&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/arkq-stock-quote/">ARKQ</a>).
On the date of publication, Tezcan Gecgil did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Tezcan Gecgil has worked in investment management for over two decades in the U.S. and U.K. Besides formal higher education in the field, she has also completed all three levels of the Chartered Market Technician (CMT) examination. Her passion is for options trading based on technical analysis of fundamentally strong companies. She especially enjoys setting up weekly covered calls for income generation. She also publishes&nbsp;<a href="https://stocksfundsinvesting.com/2020/09/19/how-id-build-a-long-term-portfolio-with-etfs-part-i/">educational</a>&nbsp;articles on long-term investing.
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The post <a href="https://investorplace.com/2020/09/workhorse-group-shares-are-overvalued-but-catalysts-may-lift-its-stock-further/">Workhorse Group Shares Are Overvalued, But Catalysts May Lift Its Stock Further</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Workhorse Group Shares Are Overvalued, But Catalysts May Lift Its Stock Further

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>

The frustrating part about investing in growth startups such as Workhorse Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/wkhs-stock-quote/">WKHS</a>) is that so little information is released regarding its progress that you&rsquo;d swear you were investing in a Trump organization.&nbsp;
	<div><img src="https://investorplace.com/wp-content/uploads/2020/09/wkhs_1600_b_workhorse-300x169.jpg" alt="Image of a Workhorse (WKHS) logo and drone on the side of a truck." width="300" height="169" /><div>Source: Photo from WorkHorse.com</div></div>
	
I mean, come on.&nbsp;
Since I last wrote about Workhorse on Sept. 2, there&rsquo;s been one <a href="https://finance.yahoo.com/news/workhorse-c-series-electric-delivery-135900152.html">press release</a> from the company and <a href="https://www.sec.gov/cgi-bin/browse-edgar?CIK=1425287&amp;owner=exclude">three Securities and Exchange Commission filings</a>. That&rsquo;s hardly enough to hang your hat on.&nbsp;
<h3>WKHS Stock Is for Aggressive Investors Only</h3>
This lack of information is part of why I recommended <a href="https://investorplace.com/2020/09/do-not-consider-wkhs-stock-if-profits-are-your-thing/">only aggressive investors</a> think about investing in its stock. But don&rsquo;t misinterpret what I&rsquo;m saying. If you have the stomach for risk, I absolutely believe Workhorse is one of the better money losers to speculate on.
Why do I feel this way?
Because electric is gaining ground and there&rsquo;s nothing internal combustion engine supporters can do about it. I get excited just looking at photos of the latest electric vehicle to hit the market, whether it be of the commercial or passenger variety.&nbsp;

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				</ul>Just looking at the Xpeng (NYSE:<a href="https://investorplace.com/stock-quotes/xpev-stock-quote/">XPEV</a>) <a href="https://insideevs.com/reviews/422793/xpeng-g3-bjorn-review-features-range-test/">G3 electric SUV</a> has me ready to trade in my Jeep Cherokee the minute it is available in North America.&nbsp;
But I digress.
<h3>The Commercial Race Is Intense</h3>
The point is, like the race to develop Covid-19 vaccines, the competition amongst companies looking to capture a piece of the commercial electric vehicle market is intense. One minute, Workhorse is the horse to bet on. The next minute it&rsquo;s Nikola Motors (NASDAQ:<a href="https://investorplace.com/stock-quotes/nkla-stock-quote/">NKLA</a>), Rivian, or BYD (OTCMKTS:<a href="https://investorplace.com/stock-quotes/byddf-stock-quote/">BYDDF</a>).&nbsp;
<a href="https://www.greenbiz.com/article/8-electric-truck-and-van-companies-watch-2020">Handicapping the race</a> is anything but easy.&nbsp;
For this reason, some investors have opted to play the field, betting on an exchange-traded fund such as the SPDR S&amp;P Kensho Smart Mobility ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/hail-stock-quote/">HAIL</a>). It tracks the performance of the <a href="https://www.ssga.com/us/en/individual/etfs/funds/spdr-sp-kensho-smart-mobility-etf-hail">S&amp;P Kensho Smart Transportation Index</a>, a collection of 57 companies dedicated to the idea of smart transportation.&nbsp;
Of the 57 stocks in the ETF, Workhorse is the second-largest holding with a 5.33% weighting behind only Nio (NYSE:<a href="https://investorplace.com/stock-quotes/nio-stock-quote/">NIO</a>), another Chinese electric vehicle manufacturer. In the top 10 holdings is Tesla (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>), <a href="https://investorplace.com/2020/06/ford-should-have-bought-tesla-stock-when-chance-arose/">a favorite of mine</a> at a weighting of 3.95%.

If you&rsquo;re interested in Workhorse but don&rsquo;t have the risk tolerance, HAIL would be a much more appropriate bet.&nbsp;
If you can handle the risk, Workhorse stands out because its focus on last-mile delivery is eventually going to deliver rewards for patient shareholders. The pandemic has demonstrated just how important e-commerce is to our daily lives.&nbsp;
In the second quarter, Workhorse delivered <a href="https://www.prnewswire.com/news-releases/workhorse-group-reports-second-quarter-2020-results-301108841.html">three C-series electric step vans</a> to Ryder (NYSE:<a href="https://investorplace.com/stock-quotes/r-stock-quote/">R</a>) and Electric Vehicle Fleet Solutions. In July, Workhorse got a purchase order for 20 C-1000 electric step vans from eTrucks, an Ohio-based trucking company.&nbsp;
Lastly, as my InvestorPlace colleague Ian Bezek recently mentioned, the company is working hard on obtaining a piece of the massive contract to <a href="https://investorplace.com/2020/10/drop-wkhs-stock-go-with-lordstown-instead/">electrify the U.S. Postal Service&rsquo;s fleet</a> of mail delivery trucks&ndash;a contract that could be worth as much as $6 billion to Workhorse.&nbsp;
If you already own Workhorse stock, by no means should you be counting your chickens at this point, but it does highlight the opportunity that exists.
<h3>The Bottom Line on Workhorse</h3>
If you consider what some of my InvestorPlace colleagues believe about Workhorse, I don&rsquo;t think you would be doing yourself any favors. The opinions are all over the map.&nbsp;
Chris Markoch likes its potential but thinks <a href="https://investorplace.com/2020/10/debate-over-wkhs-stock-cseo/">its stock is overvalued</a>. Luke Lango believes the long-term demand for electric vehicles serving last-mile delivery makes it a winner over the long haul (I agree). Dana Blankenhorn sees Workhorse as a case of <a href="https://investorplace.com/2020/09/electric-vehicle-fad-gets-silly-workhouse-group-wkhs-stock/">wishful thinking</a> on the part of investors.&nbsp;
I can see the sanity in each person&rsquo;s argument.&nbsp;
Yes, a stock worth $2.6 billion with little sales and losing money is overvalued by traditional metrics. Sure, the market for battery-electric commercial delivery vehicles is tremendous, and getting bigger by the week. Lastly, I would be disappointed if any sane investor considered a bet on Workhorse at this point to be anything but speculation.&nbsp;
As I said initially, I find the speed at which new information pours out of Workhorse to be painfully slow. That said, a watched pot never boils.&nbsp;
If you can afford to lose your entire investment, Workhorse remains an excellent speculative bet on commercial electric vehicles.&nbsp;&nbsp;
On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;
Will Ashworth has written about investments full-time since 2008. Publications where he&rsquo;s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities.
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The post <a href="https://investorplace.com/2020/10/workhorse-wkhs-stock-remains-an-excellent-speculative-buy-cseo/">Workhorse Remains An Excellent Speculative Buy</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Workhorse Remains An Excellent Speculative Buy

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>

Spartan Energy Acquisition&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/spaq-stock-quote/">SPAQ</a>), a special purpose acquisition company (SPAC), has recently been getting increased investor attention. Therefore, we will take a closer look at what to expect from SPAQ stock in the coming weeks.
	<div><img src="https://investorplace.com/wp-content/uploads/2018/07/electricvehiclemsn-compressor-300x165.jpg" alt="" width="300" height="165" /><div>Source: Shutterstock</div></div>
	
Earlier in July, SPAQ&rsquo;s management <a href="https://www.apollo.com/stockholders/press-releases/2020/07-13-2020-120050849" target="_blank">announced</a> it would be merging with the Los Angeles, California-based Fisker, a privately-held company that is working on commercializing the Fisker Ocean, which the company <a href="https://www.fiskerinc.com/about/" target="_blank">describes</a> as &ldquo;the world&rsquo;s most sustainable vehicle&rdquo; that is expected to become available in 2022. The date for the completion of the deal was initially set for <a href="https://www.streetinsider.com/Equity+Offerings/Spartan+Energy+Acquisition+Corp.+%28SPAQ%29+Prices+40M+Unit+IPO+at+%2410Unit/14497560.html" target="_blank">Aug. 14</a>. But it has now been <a href="https://www.globenewswire.com/news-release/2020/08/06/2074398/0/en/Spartan-Energy-Acquisition-Corp-Announces-Stockholder-Approval-of-Extension-of-Deadline-to-Complete-Business-Combination.html" target="_blank">delayed</a> to Feb. 14, 2021. There will be a special <a href="https://sec.report/Document/0001193125-20-263851/" target="_blank">meeting</a> of stockholders in late October to vote on the proposed reverse merger.
Are you hoping to capitalize on the popularity of the renewable energy and electric vehicle (EV) sector? If you are not yet a shareholder, you may consider staying on the sidelines before committing new capital into SPAQ stock. It may prove prudent to give management time complete the deal and start manufacturing cars. Here&rsquo;s why.
<h3>SPACs Are In The News</h3>
Among other developments, 2020 has become the year of SPACs, which are publicly listed blank-check companies. They are increasingly used to take private companies public. Those who prefer SPACs regard the traditional initial public offering (IPO), as expensive and time-consuming.

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				</ul>Daniele D&rsquo;Alvia of Birkbeck University of London <a href="https://d1wqtxts1xzle7.cloudfront.net/60114736/art_10.1057_s41261-019-00100-520190725-96951-zo7830.pdf?1564069247=&amp;response-content-disposition=inline%3B+filename%3DThe_international_financial_regulation_o.pdf&amp;Expires=1601969761&amp;Signature=CTpcZoArsAOaEpxDoQy6CI22XJT2drfNJKyFz~fAkXCCoPuJVFi~l6YWEykxPqAeL1e45OrTm5YVq6Je2bXOYamNQhuYy-hol6Joj8UBhogxeY6dYQiZPq051ypf9sSitFPqPh98DUZCTANlAhcn9trDKp7SeEMl9HtN-I1XpTg5TKB9u5XUpojZ8OWXrtPHK-~xAF2YySHQ~WTgPynTncATRJsKsYltbTgkUUJl6Uh8i7FMzettpXvIb4OyUTbMGFzmjZmtjp~myDHHRBLDyn9sZMBeXq3dvb0CbC4v~Rn7UR9U8lEcUff1T4dzsukk5cYE7bFeJ5fQ5loqCkMqMQ__&amp;Key-Pair-Id=APKAJLOHF5GGSLRBV4ZA" target="_blank">highlights</a> SPACs &ldquo;are non-operating companies, and so do not pursue any industrial aim; they raise funds on primary capital markets with a view to increasing returns for investors; and finally, the management is in charge of the direction of the SPAC.&rdquo;
Recent months have seen a number SPAC-listings such as AdaptHealth (NASDAQ:<a href="https://investorplace.com/stock-quotes/ahco-stock-quote/">AHCO</a>), DiamondPeak (NASDAQ:<a href="https://investorplace.com/stock-quotes/dphc-stock-quote/">DPHC</a>), DraftKings (NASDAQ:<a href="https://investorplace.com/stock-quotes/dkng-stock-quote/">DKNG</a>), Immunovant (NASDAQ:<a href="https://investorplace.com/stock-quotes/imvt-stock-quote/">IMVT</a>), Nikola (NASDAQ:<a href="https://investorplace.com/stock-quotes/nkla-stock-quote/">NKLA</a>), Repay Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/rpay-stock-quote/">RPAY</a>), Social Capital Hedosophia II (NYSE:<a href="https://investorplace.com/stock-quotes/ipob-stock-quote/">IPOB</a>) and Virgin Galactic (NYSE:<a href="https://investorplace.com/stock-quotes/spce-stock-quote/">SPCE</a>).
In most cases, investors&rsquo; risk appetite has meant higher prices for many of these SPAC stocks. However, in September, news around Nikola, which specializes in electric and hydrogen-powered trucks, raised eyebrows. Short-seller Hindenburg Research has accused the company of <a href="https://www.cnbc.com/2020/09/11/nikola-dismisses-short-seller-allegations-calling-them-a-hit-job.html" target="_blank">fraud</a> and both the Justice Department and the SEC are reportedly <a href="https://investorplace.com/2020/09/the-top-reasons-its-best-to-avoid-nikola-for-now/" target="_blank">investigating</a> the company.
On Sept. 24, SEC Chair <a href="https://www.cnbc.com/video/2020/09/24/sec-chairman-jay-clayton-on-disclosure-concerns-surround-going-public-through-a-spac.html" target="_blank">Jay Clayton</a> appeared on CNBC to give his views on SPAC transparency and said he&rsquo;d like to see more disclosures, especially regarding areas of equity ownership and incentives for the sponsors bringing the SPAC to market. He commented &ldquo;In some ways, it&rsquo;s very healthy, it creates a competition around the way we distribute shares widely to the public market&hellip; For good competition and good decision making you need good information.&rdquo;
It&rsquo;d be safe to assume that the debate surrounding SPACs will continue in the coming years and the SEC &ldquo;will be paying attention to what&rsquo;s happening in the market,&rdquo; as Mr. Clayton said.
<h3>Where SPAQ Stock Is Now</h3>
Regular InvestorPlace.com readers will note that SPACs typically start trading at a range of $8-$10. At that point, investors would be betting that the SPAC&rsquo;s management team will be able to find a target business for a possible reverse merger. When the SPAC announces a potential candidate, the share price usually starts going up.
A similar trend has occurred in SPAQ stock. On July 8, the shares closed at $10.81. Then on July 13, they hit an intraday peak of $21.60. But now, they are hovering at $14.
It is hard to know how the future of SPAQ stock will come. In general, following the completion of the merger, the fate of the stock understandably depends on a range of factors. However, this deal is not likely to close for several more weeks, which means uncertainty for market participants.
Potential investors should remember that Fisker is not yet manufacturing or selling any cars. Its founder, Henrik Fisker, is <a href="https://www.theverge.com/2020/7/31/21349464/fisker-volkswagen-vw-ev-platform-deal-spaq-spac-spartan" target="_blank">hoping</a> first deliveries will be in late 2022. However, a lot could happen in the next two years. Therefore, investors should consider whether they are ready to invest in plans and hopes of another young company in the electric vehicle space, which also has been very hot this year. After all, everyone seems to be looking for the next Tesla&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>) stock.
Valuing new companies neither in the EV nor SPAC space is easy. Therefore, an investment in SPAQ stock may not be appropriate for everyone.
<h3>The Bottom Line</h3>
2020 has clearly been a a bonanza year for reverse mergers via SPACs. Despite the question marks surrounding Nikola shares, we can expect more SPACs to come to the market in future quarters. In the meantime, choppiness will be the name of the game around most of these names, especially in the initial quarters following the announcement of a merger.
Investors who are able to commit risk capital may want to consider buying SPAQ stock if the price moves toward $12.5. Those who are interested in EVs, may also consider exchange-traded funds (ETFs) that may be appropriate for the growth in the sector. They include SPDR S&amp;P Kensho Smart Mobility ETF&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/hail-stock-quote/">HAIL</a>), the&nbsp;Invesco WilderHill Clean Energy ETF&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/pbw-stock-quote/">PBW</a>), and the&nbsp;ARK Autonomous Technology &amp; Robotics&nbsp;ETF&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/arkq-stock-quote/">ARKQ</a>).
Finally, we should highlight that there is now an ETF in the SPAC space. The Defiance Next Gen SPAC Derived ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/spak-stock-quote/">SPAK</a>) started trading on Oct. 1. Therefore, investors may want to keep the fund on their radar. SPAQ stock is a holding of the fund.
On the date of publication, Tezcan Gecgil did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Tezcan&nbsp;Gecgil has worked in investment management for over two decades in the U.S. and U.K. In addition to formal higher education in the field, she has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Her passion is for options trading based on technical analysis of fundamentally strong companies. She especially enjoys setting up weekly covered calls for income generation. She also publishes&nbsp;<a href="https://stocksfundsinvesting.com/2020/09/19/how-id-build-a-long-term-portfolio-with-etfs-part-i/" target="_blank">educational</a>&nbsp;articles on long-term investing.
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The post <a href="https://investorplace.com/2020/10/spaq-stock-is-likely-to-be-volatile-in-october/">SPAQ Stock Is Likely To Be Volatile In October</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

SPAQ Stock Is Likely To Be Volatile In October

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Investors in&nbsp;Plug Power&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/plug-stock-quote/">PLUG</a>) are having a great year, PLUG stock is up about 450%. Since the lows seen in early spring the shares have increased more than an eye-popping 550%.
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		<img src="https://investorplace.com/wp-content/uploads/2019/07/shutterstock_326380241-compressor-300x169.jpg" alt="" width="300" height="169" /><div>Source: Shutterstock</div>
	</div>
	
These rapid moves have made Plug Power a momentum stock. Whenever there is headline news on alternative energy sources and hydrogen cells, daytraders flock to PLUG stock.
Shares of the hydrogen fuel cell maker are potentially expensive at these levels, but shareholders could also be betting on more good news from Plug Power, such as a strategic partnership or even a takeover. Therefore, those investors who are able to spare risk capital may consider buying the dips in PLUG stock.
<h3>Increased Attention and PLUG Stock</h3>
According to the U.S. Department of Energy&rsquo;s Office of Energy Efficiency and Renewable Energy (<a href="https://www.energy.gov/eere/fuelcells/fuel-cells" target="_blank">EERE</a>), &ldquo;a fuel cell uses the chemical energy of hydrogen or another fuel to cleanly and efficiently produce electricity.

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				</ul>Recent research titled &ldquo;The driving power of the electron,&rdquo; and published in the Journal of Physics highlights, &ldquo;electricity stored in Li-ion batteries or made available by hydrogen fuel cells onboard, is becoming the energy form powering the mobility of vehicles, including: cars, buses, trucks, boats and ships.&rdquo;
Authors Mario Pagliaro&nbsp;and&nbsp;Francesco Meneguzzo further state:
 &ldquo;Thanks to the high energy density of compressed and liquid hydrogen and good energy efficiency of today&rsquo;s fuel cells, compressed hydrogen and fuel cells give unprecedented high range and very short refuelling time&hellip; When compared to Li-ion batteries, hydrogen fuel cells are better suited to power heavy-duty vehicles, including trucks and ships&hellip; Growth has been due to increasing demand from all main fuel cell applications including forklifts powered by H2 used by large e-commerce and hypermarket companies in their high-throughput distribution centers&hellip; An hydrogen-powered forklift is charged in minutes instead of hours.&rdquo;
Therefore, we can expect to hear more about the technology in the coming quarters. Market participants continue to focus on the growth potential in the sector, affecting the shares of businesses in the industry.
<h3>How Plug Power Makes Money</h3>
One of those companies in this space is Plug Power. It provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets. Its core market is material handling industry, such as forklifts.
Latham, New York-based Plug Power was founded in 1997. Several of its customers include <a href="https://investorplace.com/2020/10/amzn-stock-anti-conspiracy-good-for-shareholders/">Amazon </a>(NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>), Kroger (NYSE:<a href="https://investorplace.com/stock-quotes/kr-stock-quote/">KR</a>), SuperValu (a wholly owned subsidiary of&nbsp;United Natural Foods&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/unfi-stock-quote/">UNFI</a>), Walmart (NYSE:<a href="https://investorplace.com/stock-quotes/wmt-stock-quote/">WMT</a>), Wegmans and Europe-based Aryzta. These companies have seen their businesses increase during the pandemic days. As a result, PLUG stock has also benefited.
In August, the company released <a href="https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2020/Plug-Power-Announces-2020-Second-Quarter-Results/default.aspx" target="_blank">Q2</a> results, and beat expectations. However, the company has never recorded a profit throughout its life.
Furthermore, the group&rsquo;s cash burn remains at record levels. Continuing losses and increases in working capital meant free cash flow for the first half of 2020 was negative by over $100 million. Yet, so far in the year, investors have simply bypassed the lack of profits.
In September, hydrogen fuel cells as an alternative energy source got more attention. General Motors&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/gm-stock-quote/">GM</a>) announced a partnership with Nikola&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/nkla-stock-quote/">NKLA</a>), which concentrates on hydrogen fuel cell trucks.
<a href="https://investorplace.com/2020/09/nikola-stock-fraud-why-its-still-a-buy/" target="_blank">Nikola</a> is currently under investigation by the SEC, due to potential misleading claims made by its founder Trevor Milton. Yet GM&rsquo;s involvement could put the company on the road to success.
Could there be a similar deal in store for Plug Power? As alternative energy sources get more attention, it is not a fat-fetched expectation the company may be acquired another car company or one of Plug Power&rsquo;s current customers.
<h3>Should Investors Buy PLUG Stock Now?</h3>
From a fundamental view, Plug Power stock is expensive. However, the market&rsquo;s risk appetite in alternative fuel sources is fueling not only PLUG stock but many others, including even pre-revenue companies. Many now wonder if a bubble is fast developing in this space.
Plug Power will report earnings in early November. If you are not yet a shareholder, you may decide to wait on the sidelines. Study the metrics before committing capital into the business would be important.
We believe PLUG stock is a high risk/high growth opportunity. It is possible that many investors will take short-term profits soon. However, it is also foreseeable that the company is a takeover candidate. Therefore, potential investors with risk capital may regard the declines in PLUG stock as opportunity to go long Plug Power shares.
They may also consider buying an exchange-traded fund (ETF) that includes PLUG stock, too. Examples include the iShares Global Clean Energy ETF&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/icln-stock-quote/">ICLN</a>), the&nbsp;ALPS&nbsp;Clean Energy ETF&nbsp;(BATS:<a href="https://investorplace.com/stock-quotes/aces-stock-quote/">ACES</a>) or the&nbsp;SPDR S&amp;P Kensho Smart Mobility ETF&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/hail-stock-quote/">HAIL</a>).
On the date of publication, Tezcan Gecgil did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Tezcan&nbsp;Gecgil has worked in investment management for over two decades in the U.S. and U.K. In addition to formal higher education in the field, she has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Her passion is for options trading based on technical analysis of fundamentally strong companies. She especially enjoys setting up weekly covered calls for income generation. She also publishes&nbsp;<a href="https://stocksfundsinvesting.com/2020/09/19/how-id-build-a-long-term-portfolio-with-etfs-part-i/" target="_blank">educational</a>&nbsp;articles on long-term investing.
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	</div>The post <a href="https://investorplace.com/2020/10/pricey-plug-stock-could-keep-moving-higher-or-attract-a-buyer/">Pricey Plug Power Stock Could Keep Moving Higher, or Attract a Buyer</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Pricey Plug Power Stock Could Keep Moving Higher, or Attract a Buyer

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Hyliion (NYSE:<a href="https://investorplace.com/stock-quotes/hyln-stock-quote/">HYLN</a>) is the result of a recent reverse-merger <a href="https://www.hyliion.com/investor/" target="_blank">announced</a> in June. Hyliion stock has been subject to the same volatility man other SPACs have seen.
	<div>
		<img src="https://investorplace.com/wp-content/uploads/2019/12/shutterstock_741286579-1-300x169.jpg" alt="a charging station for an electric vehicle" width="300" height="169" /><div>Source: Shutterstock</div>
	</div>
	
In fact, 2020 has witnessed increased activity in both the special purpose acquisition company (SPAC) space and the electric vehicle (EV) industry. As a result, newcomers like Hyliion get continuous investor interest.
Publicly-listed SPAC Tortoise Acquisition Corporation and privately-held Hyliion merged to participate in the growth of environmentally-friendly transport technologies.
The new company aims to bring hybrid-electric technology to Class 8 (i.e., tractor-trailer) trucks in a more cost-effective way. The initial excitement around the concept and future prospects has been high.

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				</ul>Today, we will discuss the pros and cons of owning Hyliion stock so that potential investors can make a better-informed decision. Unless you have risk capital that can be spared, you may want to pass HYLN shares for now.
<h3>Long-Term Tailwinds for EV Companies</h3>
Moving freight is a major contributor to greenhouse gas emissions all over the world.
Recent research led by Mohamed El Hannach of the Fuel Cell Research Laboratory, School of Mechatronic Systems Engineering, Simon Fraser University, Canada <a href="https://www.researchgate.net/profile/Pouria_Ahmadi/publication/331393536_Life_cycle_assessment_of_hydrogen_and_diesel_dual-fuel_class_8_heavy_duty_trucks/links/5cbc7e904585156cd7a8be42/Life-cycle-assessment-of-hydrogen-and-diesel-dual-fuel-class-8-heavy-duty-trucks.pdf" target="_blank">highlights</a> the fact that diesel fuel dominates the heavy-duty truck market.
Put another way, the new decade will possibly see considerable growth in the nascent zero-emissions transport industry. The founders and management team behind Tortoise are veteran energy-industry executives and investors.
Hyliion&rsquo;s founder and CEO, Thomas Healy, possibly wanted to combine his love for auto racing and background in technology in an environmentally-friendly way.
Therefore, it&rsquo;d be timely for them to use their shared area of interest and expertise in the best interest of the company as well as shareholders.
Investors who put their faith in eco-friendly technologies will possibly see a number of big winners in the years to come. However, 2020 feels like the typical gold-rush scenario as far as EVs and SPACs go.
InvestorPlace.com contributor Thomas Yeung, CFA, has recently <a href="https://investorplace.com/2020/10/hyln-stock-might-shoot-the-moon-but-it-could-crash-to-earth/" target="_blank">discussed</a> a number of other newcomers to the EV industry. The long list is growing regularly and the space is becoming crowded. Thus, the question is which one of these young companies can become successful.
<h3>What Could Derail Hyliion Stock?</h3>
The company&rsquo;s proposed environmentally-clean semi-trucks could possibly see significant growth. However, Hyliion relies on a range of commercial agreements and suppliers, including auto-industry supplier Dana (NYSE:<a href="https://investorplace.com/stock-quotes/dan-stock-quote/">DAN</a>), which has equity interest in Hyliion.
Earlier in the summer,&nbsp;Hyliion announced a preorder of 1,000 trucks from logistics company Agility Logistics USA, whose global headquarters is in <a href="https://www.agility.com/en/our-global-network/kuwait-logistics-shipping-company/" target="_blank">Kuwait</a>.
Like Dana, Agility also has an equity stake Hyliion. Thus, the pre-order raises questions about corporate governance issues.
Hyliion also develops electrified drive powertrain systems for fitting in Class 8 trucks. This is an instant plug and drive solution that is regarded as a novelty with potential.
Yet, before investing in Hyliion stock, it would be important to study a recent SEC <a href="https://sec.report/Document/0001213900-20-025540/0001213900-20-025540.txt" target="_blank">filing</a> that provides revenue projections, &ldquo;which assume that the Hybrid system fleet production commences in 2020 and the Hypertruck ERX system fleet production commences in 2022.&rdquo;
The expected revenues for the next several years are:
<ul><li>2020: $1 million,</li>
<li>2021: $8 million,</li>
<li>2022: $344 million,</li>
<li>2023 : $1.02 billion,</li>
<li>2024: $2.09 billion.</li>
</ul>The road to profitability also seems long. In fact, the SEC filing lists plenty of risk factors that should make any potential investor think twice before hitting the &ldquo;buy&rdquo; button.
Muslim Farooque&rsquo;s <a href="https://investorplace.com/2020/10/hyliion-stock-isnt-your-best-bet-at-the-electric-truck-industry/" target="_blank">recent article</a> also clearly identifies the risks with the business model. In other words, there is more vision and subjectivity in revenue expectations behind Hyliion stock than actual sales numbers that could translate into shareholder value.
<h3>The Bottom Line</h3>
On Sept. 2, Hyliion stock hit an all-time high of $58.66. Now, it is hovering around $18. The recent decline in HYLN shares follows the question marks behind Nikola (NASDAQ:<a href="https://investorplace.com/stock-quotes/nkla-stock-quote/">NKLA</a>) stock, which is under investigation for misleading investors, or even fraud.
For a newcomer to succeed in the EV space, it possibly needs both operational moat and technological backing, which seem to be missing in the case of Hyliion. Therefore, the stock is a risky proposition. We believe the market offers better alternatives.
Are you interested in investing in new companies or those with a potential for success in the EV industry? Then you may also want to research several exchange-traded funds (ETFs).
They include the First Trust US Equity Opportunities ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/fpx-stock-quote/">FPX</a>), the iShares Global Clean Energy ETF&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/icln-stock-quote/">ICLN</a>), the&nbsp;ALPS&nbsp;Clean Energy ETF (CBOE:<a href="https://investorplace.com/stock-quotes/aces-stock-quote/">ACES</a>), the Renaissance IPO ETF&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/ipo-stock-quote/">IPO</a>), or the SPDR S&amp;P Kensho Smart Mobility ETF&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/hail-stock-quote/">HAIL</a>).
On the date of publication, Tezcan Gecgil did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Tezcan Gecgil has worked in investment management for over two decades in the U.S. and U.K. In addition to formal higher education in the field, she has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Her passion is for options trading based on technical analysis of fundamentally strong companies. She especially enjoys setting up weekly covered calls for income generation.
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	</div>The post <a href="https://investorplace.com/2020/11/ev-play-hyliion-stock-is-still-a-really-risky-proposition/">EV Play Hyliion Stock Is Still a Really Risky Proposition</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

EV Play Hyliion Stock Is Still a Really Risky Proposition

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
2020 has been a solid year for&nbsp;Nio (NYSE:<a href="https://investorplace.com/stock-quotes/nio-stock-quote/">NIO</a>), the Chinese electric vehicle (EV) maker. Since the start of the year, the stock is up over 900%. Put another way, the proverbial $1,000 invested in early January would now be worth well over $10,000.
	<div>
		<img src="https://investorplace.com/wp-content/uploads/2019/09/nio1600c-300x169.jpg" alt="a sports car made by Nio" width="300" height="169" /><div>Source: Carrie Fereday / Shutterstock.com</div>
	</div>
	
For comparison,&nbsp;SPDR S&amp;P Kensho Smart Mobility ETF&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/hail-stock-quote/" target="_blank">HAIL</a>) is up about 44% in the same period. Therefore, many investors are wondering if they are late to the party. Today, we will look at Nio&rsquo;s prospects and discuss whether it remains a buy despite the stellar run-up in price.&nbsp;
<h3>EV Sales In China Are Growing</h3>
China is the world&rsquo;s biggest electric vehicle market. In 2019, nearly <a href="https://www.mckinsey.com/industries/automotive-and-assembly/our-insights/mckinsey-electric-vehicle-index-europe-cushions-a-global-plunge-in-ev-sales#:~:text=EV%20sales%20remained%20constant%20in,increase%20from%20the%20previous%20year)." target="_blank">1.2 million</a> EVs were sold in the country, representing an increase of 3% year over year. Global sales numbers in 2019 were 2.3 million, showing annual growth of 9%. Over half the EV sales worldwide some from China. In 2019, the metric was about 35%.
According to&nbsp;<a href="https://de.reuters.com/article/us-china-autos/chinas-ev-sales-rise-for-second-month-as-overall-market-continues-recovery-idINKBN2610T1" target="_blank">Reuters</a>, &ldquo;New energy vehicle (NEV) sales in China surged 26% on year to 109,000 units in August for their second consecutive month of gain &hellip; NEV sales are likely to reach 1.1 million vehicles, down around 11% from last year &hellip; NEVs include battery-powered electric, plug-in gasoline-electric hybrid and hydrogen fuel-cell vehicles.&rdquo;
Analysts were pleased with the numbers that showed a better-than-expected market recovery from the adverse effects of the <a href="https://investorplace.com/2020/06/7-u-s-stocks-to-buy-on-coronavirus-weakness/">novel coronavirus</a>.
Benjamin K. Sovacool of the University of Sussex, U.K., and his colleagues&nbsp;<a href="https://d1wqtxts1xzle7.cloudfront.net/60464087/Sovacool-et-al-TRA-China20190902-81279-15c9t5z.pdf?1567431926=&amp;response-content-disposition=inline%3B+filename%3DPleasure_or_profit_Surveying_the_purchas.pdf&amp;Expires=1604906306&amp;Signature=dk2TAFgNYaz3CTfsHo5QZ02DYVOgCMZbNOZm1q85xpJq9Z8EE7DVbtDVVPo6hE7WiqzZUHdnt1pLFniK2kJzT-Abj74pD24wk11DPpT5vguCyJ0hSKoo7BidYuPPiFzZMXVHlysjZg1Yx99elSoN3zr6LL1Z-aVxWDwZyyu2MpFJ5DMcGHHzS9U0aQ9ylaewsBOpP4XvHwhR6EGm-aZdpTPrXtKGYrozbFcw2hX3NMgZrSg9bR5TxIsNDAe~AgTwToqbogLpWCOegSgKkOz5uP00wY2~VYgf7vDC1BhsSUKouMDmrCkC2qxhOV9mm2RvwEvfZi~TGID5WXDbOuyKXw__&amp;Key-Pair-Id=APKAJLOHF5GGSLRBV4ZA" target="_blank">point out</a>, &ldquo;[C]ost considerations are an important factor in the willingness for Chinese consumers to adopt EVs, but not for everybody all the time. Indeed, when cost considerations are not important, consumer perceptions about the features of electric vehicles, benefits of electric vehicles and policy support for electric vehicles come into play.&rdquo;

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				</ul>Put another way, the Chinese market is a competitive one, as&nbsp;<a href="https://knowledge.wharton.upenn.edu/article/chinas-ev-market/" target="_blank">summarized</a>&nbsp;by Professors Paul MacDuffie of the Wharton School of the University of Pennsylvania and Willy Shih of Harvard Business School.
Successful companies can possibly look forward to years, if not decades, of growth and creating shareholder value.
<h3>The Impressive Run in Nio Stock</h3>
Investors have made 2020 the year of electric vehicles and <a href="https://investorplace.com/2020/10/7-clean-energy-stocks-to-watch-ahead-of-the-u-s-election/" target="_blank">alternative energy</a>. They have also been looking for the next Tesla&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/" target="_blank">TSLA</a>), which has gone up over 400% year-to-date.
Nio, founded in China in 2014, currently sells cars exclusively in China.&nbsp;In late mid-March, Nio&rsquo;s price was around 2.5. By mid-July, it went over $15. It has recently made an all-time high and is hovering around $40.&nbsp;
Recent&nbsp;<a href="https://www.statista.com/statistics/976376/china-electric-vehicles-sales-by-oem/" target="_blank">metrics</a>&nbsp;from China show that in the first half of 2020, Nio sold 14,169 EVs. By comparison,&nbsp;<a href="https://www.byd.com/en/index.html" target="_blank">BYD</a>, which has the top spot, sold 60,253 vehicles, followed by Tesla (49,714 EVs).
Recent research led by Gaohan Zhang of Shanghai University <a href="http://proceedings-online.com/proceedings_series/SH-SOCIALS/ICSHS2020/emss01198.pdf.pdf" target="_blank">highlights</a>, &ldquo;NIO combines electric cars with the mobile Internet in an attempt to redefine the user experience in the automotive industry &hellip; NIO expects to redefine all processes that serve customers and provide them with a more enjoyable experience than expected.&rdquo;
Nio&rsquo;s top model is the ES8 (a seven-seat SUV). It also has two other vehicles, the ES6 (a five-seat SUV) and the EC6 (a 5-seat premium electric coupe SUV).
On Nov. 2, management provided its October 2020 delivery update. Management said <a href="https://www.barrons.com/press-release/nio-inc-provides-october-2020-delivery-update-01604304332?tesla=y&amp;tesla=y">the following in that report</a>:
<ul><li>NIO delivered 5,055 vehicles in October 2020, increasing by 100.1% year-over-year</li>
<li>NIO delivered 31,430 vehicles in 2020 in total, increasing by 111.4% year-over-year</li>
<li>Cumulative deliveries of ES8, ES6 and EC6 as of October 31, 2020 reached 63,343.</li>
</ul>Nio is still a relatively young company, working to grow into a sustainable and profitable operation. Although there will be bumps along the way, the long-term prospects are improving.

<h3>The Bottom Line on Nio</h3>
Nio is expected to report Q3 earnings on Nov. 17. The shares will likely be volatile at the time. Short-term traders may also make directional bets, contributing to high volatility.&nbsp;
However, long-term investors can regard any dip in the shares, especially toward the $30-level, as a good opportunity to buy. If you already own the stock, you might want to stay the course.
If you are an experienced investor in the options market, you may also consider using a&nbsp;<a href="https://investorplace.com/2017/11/covered-calls-to-generate-1000/" target="_blank">covered call strategy</a>&nbsp;with approximately a six-week time horizon, i.e., Dec. 18 expiry. Such a covered call position would offer some downside protection and decrease portfolio volatility. You would also be able to participate in a potential up move.
Finally, if you would like to invest in the growth of EVs and clean energy, you may also consider buying an exchange-traded fund (ETF).&nbsp;
In addition to HAIL, examples of such funds include&nbsp;Amplify Lithium &amp; Battery Technology ETF&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/batt-stock-quote/">BATT</a>), the&nbsp;Global X Autonomous &amp; Electric Vehicles ETF&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/driv-stock-quote/">DRIV</a>), the&nbsp;iShares Self-Driving EV and Tech ETF&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/idrv-stock-quote/">IDRV</a>) or the VanEck Vectors Low Carbon Energy ETF&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/smog-stock-quote/">SMOG</a>).
On the date of publication, Tezcan Gecgil did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Tezcan Gecgil has worked in investment management for over two decades in the U.S. and U.K. In addition to formal higher education in the field, she has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Her passion is for options trading based on technical analysis of fundamentally strong companies. She especially enjoys setting up weekly covered calls for income generation. She also publishes educational articles on long-term investing.
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	</div>The post <a href="https://investorplace.com/2020/11/nio-stock-deserves-a-spot-in-long-term-portfolios-cseo/">Nio Stock Deserves a Spot In Long-Term Portfolios</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Nio Stock Deserves a Spot In Long-Term Portfolios

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Building a core and satellite portfolio of EV stocks is one of many wise investing strategies. It&rsquo;s necessary that we first understand what a core and satellite portfolio is. As its name suggests, this strategy involves dividing a portfolio into a central (core) portion and other non-fixed, more flexible (satellite) portions.
	<div>
		<img src="https://investorplace.com/wp-content/uploads/2019/12/shutterstock_741286579-1-300x169.jpg" alt="a charging station for an electric vehicle" width="300" height="169" /><div>Source: Shutterstock</div>
	</div>
	
Investors know that diversification is key to managing risk and finding sustained gains. And investors know that learning how to build their own core and satellite portfolio is a great way to protect themselves while maximizing upside.&nbsp;
Another aspect of core and satellite investing is that it blends active and passive investing strategies. That is, part of the portfolio is invested in passive, non-managed index funds while the other portion is actively managed. There are pros and cons to active and passive investment management individually. This approach seeks to mitigate risk while making allocations for risk. Thus, some investors consider this approach to be the best of both worlds.
Investors can apply this approach on a broad scale by investing in index funds at the core, rounded out by active, riskier satellite investments. Investors might do so across their entire portfolio. However, it is also possible to drill down and apply this approach to a portion of a portfolio. For example, by dedicating a portion of one&rsquo;s entire portfolio to a sector. Further, investors could focus on a single sector, for example EV stocks.&nbsp;

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				</ul>The purpose of this article is to educate readers first about core and satellite investing strategies. Then this article is going to apply that to EV stocks. Investors will gain an understanding of how to build their own core and satellite portfolio of EV stocks.&nbsp;
<h3>Index Funds and Exchange-Traded Funds (ETFs)</h3>
The core portion of the approach generally relies on an index fund. An index fund is a grouping of stocks taken from a certain index, for example the Nasdaq Composite, S&amp;P 500 or Russell 2000. Index funds are intended to mirror the returns of the index from which they are derived. This is called beta. So theoretically, an index fund comprising 50 Russell 2000 stocks should provide the same return (beta) as the entire index averaged. 
I&rsquo;ll get around to the benefits of index funds later, but for now, I want to focus on how investors need to approach this method focused on EVs, and not an entire index.&nbsp;
Investors will need to use ETFs to seek beta. ETFs approximate index funds in many ways. Basically, they are the same in that they represent a broad grouping through a smaller grouping. Another way of thinking about this is to say that we&rsquo;ll be indexing using ETFs.&nbsp;
<h3>Characteristics of Index Funds and ETFs</h3>
Investors like index funds because of their predictability. Compared to actively managed funds, index funds have all of the following characteristics:
<ul><li>Lower Cost</li>
<li>Lower Risk</li>
<li>Approximates Beta</li>
<li>Longer term&nbsp;</li>
<li>More Tax Efficient</li>
</ul>Index funds cost less because there is no one managing them. Index funds are a selection of stocks meant to approach beta. They are not managed by fund managers aggressively seeking to beat the market. So, index funds don&rsquo;t include fees for such management. Index funds are lower risk because they represent a diversified set of stocks. Theoretically, an index fund should have the same risk as an entire index. And indices are generally safe. 
Index funds approximate beta, and their purpose is to match the gains of the broader market. They are also longer term as most investors ride their ups and downs with the prevailing markets. Lastly, index funds are more tax efficient because they don&rsquo;t trigger capital gains taxes. Why? Their asset mix generally remains the same. They have low asset turnover compared to actively managed funds.&nbsp;

<h3>Characteristics of Actively Managed Funds</h3>
The active approach is basically the polar opposite of the index approach. Actively managed funds are overseen by fund managers and have unique characteristics.&nbsp;
<ul><li>Higher Cost</li>
<li>Higher Risk&nbsp;</li>
<li>Seeks Alpha&nbsp;</li>
<li>Short Term</li>
<li>Less Tax Efficient</li>
</ul>Actively managed funds come with higher expense ratios due to the fund managers overseeing them. They are also higher risk as their purpose is to beat the market. That is, they seek alpha. Actively managed funds are shorter term in their approach to seek gains. This is not a buy-and-hold strategy. Because there is higher portfolio turnover in actively managed funds, capital gains taxes can be triggered. This makes them less tax efficient overall.&nbsp;
<h3>Blending the Two Styles for a Core and Satellite Portfolio</h3>
The purpose of core and satellite portfolios is to mix both styles, adjusted for the individual risk profile. Basically investors should choose a risky core investment, and then a satellite investment. For some investors that will mean a larger, safer core, and a smaller satellite to seek return. For others, the opposite will be true.&nbsp;
So now that the basic educational component of core and satellite portfolio investing is under our belts, we need to apply this to EV stocks. The first step is going to be finding an appropriate EV ETF with which to form the core.&nbsp;
<h3>Keep the Core Simple With EV Stocks</h3>
The most logical investment strategy here is to choose from the top electric vehicle ETFs. There are three that come to mind. Yet, remember that if and when you decide to do this yourselves, there are many other EV ETFs from which to choose.&nbsp;
<ul><li>Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a href="https://investorplace.com/stock-quotes/driv-stock-quote/">DRIV</a>)&nbsp;</li>
<li>iShares Self-Driving EV &amp; Tech ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/idrv-stock-quote/">IDRV</a>)&nbsp;</li>
<li>SPDR S&amp;P Kensho Smart Mobility ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/hail-stock-quote/">HAIL</a>)</li>
</ul>
<h3>Global X FDS ETF (DRIV)</h3>
Expense Ratio: 0.68%, or $68 on an initial $10,000 investment
The DRIV ETF follows the Solactive Autonomous &amp; Electric Vehicles Index. Tesla (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>) comprises 3.6% of the total portfolio. Toyota (NYSE:<a href="https://investorplace.com/stock-quotes/tm-stock-quote/">TM</a>) is one of the only other automakers among the top 10 holdings. Chipmakers and Alphabet (NASDAQ:<a href="https://investorplace.com/stock-quotes/goog-stock-quote/">GOOG</a>, NASDAQ:<a href="https://investorplace.com/stock-quotes/googl-stock-quote/">GOOGL</a>) round out the other top holdings.
	<div>
		<img src="https://investorplace.com/wp-content/uploads/2020/11/driv-11-23.png" alt="A chart showing the Global X Autonomous &amp; Electric Vehicles ETF (DRIV)." width="670" height="415" /><div>Source: Chart courtesy of <a href="%E2%80%9D">GuruFocus.com</a></div>
	</div>
	
<h3>iShares Self-Driving EV &amp; Tech ETF (IDRV)</h3>
Expense Ratio: 0.47%
IDRV follows the NYSE FactSet Global Autonomous Driving and Electric Vehicle Index.
The top 10 holdings in the IDRV ETF are very similar to those in the DRIV ETF, with allocation being the primary difference. Tesla comprises 8.2% of the total portfolio in this one though, which is much higher. Otherwise, it bears many similarities with the aforementioned DRIV stock.&nbsp;
	<div>
		<img src="https://investorplace.com/wp-content/uploads/2020/11/idrv-11-23.png" alt="A chart showing the iShares Self-Driving EV and Tech ETF (IDRV)." width="670" height="415" /><div>Source: Chart courtesy of <a href="%E2%80%9D">GuruFocus.com</a></div>
	</div>
	
<h3>SPDR S&amp;P Kensho Smart Mobility ETF (HAIL)</h3>
Expense Ratio: 0.45%
The HAIL ETF follows the Kensho Smart Transportation Index. The top four holdings in it are Nio (NYSE:<a href="https://investorplace.com/stock-quotes/nio-stock-quote/">NIO</a>) at 12.2%, Plug Power (NASDAQ:<a href="https://investorplace.com/stock-quotes/plug-stock-quote/">PLUG</a>) at 6.7%, Workhorse (NASDAQ:<a href="https://investorplace.com/stock-quotes/wkhs-stock-quote/">WKHS</a>) at 4.6% and Tesla at 3.7%.&nbsp;
	<div>
		<img src="https://investorplace.com/wp-content/uploads/2020/11/hail-11-23.png" alt="A chart showing the SPDR S&amp;P Smart Mobility ETF (HAIL)." width="670" height="415" /><div>Source: Chart courtesy of <a href="%E2%80%9D">GuruFocus.com</a></div>
	</div>
	
Investors who want to create their own core and satellite EV portfolio could start here. Any of these three ETFs constitute a strong core. Each of these ETFs has a very similar graph which is indicative that they actually are doing the same thing. That is, they follow indices and general trends.&nbsp;

<h3>A Satellite Strategy for EV Stocks</h3>
This is where investor risk, style and direction are really going to come into play. With the core out of the way, investors need to consider their individual approach to the satellite portion of the portfolio. There are many choices. First of all, investors must decide what portion of their total portfolio is going to be allocated to riskier satellite investments. This will have been done beforehand, but the point is that risk-seeking investors will dedicate more capital. Risk-averse investors will dedicate less.&nbsp;
Next, investors have to consider how to direct this capital. There are really a lot of choices here. So, I&rsquo;ll mention a few possibilities for the purpose of illustration. For example, investors could look at a particular portion of the EV supply chain and identify an ETF therein. Likewise, investors can search for an actively managed ETF with a heavy allocation toward an individual stock they believe will appreciate. Investors who choose to do this need to really consider their own perspectives and investment styles.&nbsp;
So, back to the idea of focusing on a portion of the EV supply chain and a managed ETF heavily weighted toward a single stock. Two ETFs which exemplify that strategy are:
<ul><li>Global X Lithium &amp; Battery Tech ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/lit-stock-quote/">LIT</a>)</li>
<li>ARK Innovation ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/arkk-stock-quote/">ARKK</a>)</li>
</ul><h3>Global X Lithium &amp; Battery Tech ETF (LIT)</h3>
Expense Ratio: 0.75%
This fund invests 80% of its assets in companies that are economically tied to the lithium industry. The play here is that lithium is an essential commodity in the production of EVs. Many of its top holdings are lithium producers. Tesla also makes the cut.&nbsp;
	<div>
		<img src="https://investorplace.com/wp-content/uploads/2020/11/lit-11-23.png" alt="A chart showing the Global X Lithium &amp; Battery Tech ETF (LIT)." width="1485" height="920" /><div>Source: Chart courtesy of <a href="%E2%80%9D">GuruFocus.com</a></div>
	</div>
	
<h3>ARK Innovation ETF (ARKK)</h3>
Expense Ratio: 0.75%
The ARKK ETF directs 65% of its assets toward disruptive innovation. It is much more diversified in terms of sector and industry coverage, but Tesla is its primary holding. <a href="https://ark-funds.com/arkk" target="_blank">Tesla comprises 9.7%</a> of ARKK&rsquo;s portfolio.&nbsp;
	<div>
		<img src="https://investorplace.com/wp-content/uploads/2020/11/arkk-11-23.png" alt="A chart showing the Ark Innovation ETF (ARKK). " width="670" height="415" /><div>Source: Chart courtesy of <a href="%E2%80%9D">GuruFocus.com</a></div>
	</div>
	
Creating a core and satellite portfolio is one of the smartest investing strategies there is. Investors need to remember that it is deceptively simple in that it only really requires identifying two pieces. However, doing so requires a lot of research and reflection on individual investment styles.
On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;
Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.
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	</div>The post <a href="https://investorplace.com/how-to-build-a-core-and-satellite-portfolio-of-ev-stocks/">How to Build a Core and Satellite Portfolio of EV Stocks</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

How to Build a Core and Satellite Portfolio of EV Stocks

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
In 2020, market participants have been pouring money into electric vehicle (EV) stocks. And during this earnings season, investors wonder if the risk appetite for shares of businesses in this emerging sector will continue in the coming quarters, too. They also would like to be able to separate the hype from fact and choose robust stocks. Therefore, we will discuss three fundamental fail-safes for picking EV stocks.
Many analysts concur electric cars will disrupt the automobile industry in the near future. The recent consumer interest in &ldquo;green technologies&rdquo; has buoyed a wide range of stocks. And this includes even small-capitalization businesses that have gone public only recently.
Overall, this year&rsquo;s positive momentum behind most EV stocks has also been thanks to Tesla (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>). Year-to-date, TSLA shares are up more than 550%. By comparison, the Dow Jones US Automobiles Index is up about 200%.

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			</li>
				</ul>So, with all of that in mind, here are three ways (in alphabetical order) to minimize risk in growth stocks:
<ul><li>Diversification</li>
<li>Management</li>
<li>Revenue Growth</li>
</ul>Now, let&rsquo;s dive in and take a closer look at each one.

<h3>Fail-Safes for EV Stocks: Diversification</h3>
Although Tesla is possibly the first and foremost electric car that consumers and investors think of, it is certainly not the only one. In recent months, there have been many new additions to the list of cars available.
Even companies with little or no revenue, such as <a href="https://investorplace.com/2020/08/arcimoto-stock-intriguing-bigger-pullback/">Arcimoto</a> (NASDAQ:<a href="https://investorplace.com/stock-quotes/fuv-stock-quote/">FUV</a>), Kandi Technologies&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/kndi-stock-quote/">KNDI</a>), Nikola (NASDAQ:<a href="https://investorplace.com/stock-quotes/nkla-stock-quote/">NKLA</a>), Nio (NYSE:<a href="https://investorplace.com/stock-quotes/nio-stock-quote/">NIO</a>) and Spartan Energy Acquisition&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/spaq-stock-quote/">SPAQ</a>), have also entered investor portfolios.
So, how can a retail investor choose among so many names and sectors that are contributing to the growth of EVs? Which one of these new companies is fundamentally a sound investment?
Collectively, the growth prospects of the sector is enticing. Yet, whenever there is potentially a high return, it usually comes with high degrees of risk, too. That said, financial planners and scholars <a href="https://pdfs.semanticscholar.org/0378/f6c8321166a2c94d281c873771c28ad16c31.pdf" target="_blank">point out</a>, &ldquo;In order to achieve portfolio diversification benefits, the tradeoff between risks and returns plays an important role in making 
investment decisions.&rdquo;
But how can investors decrease the risk of buying young companies in an emerging field? Well, they could possibly invest in a basket of stocks by buying an exchange-traded fund (ETF). Examples of such funds include SPDR S&amp;P Kensho Smart Mobility ETF&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/hail-stock-quote/">HAIL</a>), the&nbsp;Invesco WilderHill Clean Energy ETF&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/pbw-stock-quote/">PBW</a>) and the ARK Autonomous Technology &amp; Robotics&nbsp;ETF (BATS:<a href="https://investorplace.com/stock-quotes/arkq-stock-quote/">ARKQ</a>). In turn, we believe these ETFs may enable investors diversify among a large number of firms.

<h3>Management</h3>
When evaluating stocks, especially in an upcoming sector like EVs, it is important to look for companies with proactive management. Research on high-growth firms (HGFs) indicates &ldquo;managers of HGFs seem to more often be <a href="https://www.oecd.org/cfe/leed/Wennberg_Managing%20a%20HGF.pdf" target="_blank">highly educated and exhibit prior industry and leadership experience</a>&hellip; [L]eadership capabilities in HGFs are pivotal factors for HGFs, perhaps especially so for younger and smaller HGFs founded by a single founder-manager CEO.&rdquo;
Moreover, the study further points out that general managerial challenges consist &ldquo;of &lsquo;customer management,&rsquo; &lsquo;managing business growth,&rsquo; &lsquo;financial management,&rsquo; &lsquo;leadership&rsquo; and &lsquo;human resource management&rsquo; regardless of firm size.&rdquo;
We have recently seen <a href="https://investorplace.com/2020/09/nikola-stock-fraud-why-its-still-a-buy/" target="_blank">the importance of management in the case of Nikola</a>, which SEC is investigating. However, short-seller firm Hindenburg Research has recently <a href="https://hindenburgresearch.com/nikola/" target="_blank">published a report</a> that said the following:
&ldquo;Based on our findings, we believe Nikola is an intricate fraud built on dozens of lies over the course of its founder Trevor Milton&rsquo;s career, which he has parlayed into a $20 billion cloud of smoke and partnerships with some of the top auto companies in the world.&rdquo;
Although we do not know if these allegations are true, the damage to the shares and the company is real. In fact, NKLA stock is currently down nearly 60% from the all-time highs reached earlier this year.
For the average investor, it may see daunting to dig deep into the details of management. However, buying shares in a firm means investing in its future; Which, in part, is in the hands of its management team. Therefore, we&rsquo;d urge potential investors to research as much as possibly about a given EV, including its management.

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				</ul>They also could read annual reports, quarterly statements, participate in (virtual) company presentations, search the SEC website for updates on the company and keep abreast of the news as much as possible. After all, it is their hard-earned money that is at risk.

<h3>Fail-Safes for EV Stocks: Revenue Growth</h3>
From a fundamental analysis perspective, the price of a stock should be the present value of future cash flows. Put another way, what should matter for stock valuation is bottom-line earnings that eventually result in cash payouts.
However, when evaluating nascent sectors and companies that are growing, analysts and investors also pay attention top line revenues that firms generate. Unless a firm generates revenue, there cannot be earnings or eventual profit.
Yet, much of this year&rsquo;s EV craze has centered around pre-revenue companies. So before hitting the buy button, investors need to study the financial results of these young firms to see when the current hype will actually lead to actual sales. Therefore, there should be more than a simple concept and glossy brochures or fancy websites. Investors should also know the details about vehicle production timeframes, as well as expected revenues from sales of those electric cars.
A recent study by George Beard, <a href="https://www.oxfordenergy.org/wpcms/wp-content/uploads/2020/07/OEF122.pdf" target="_blank">published</a> in Oxford Energy Forum of Oxford University suggests:
&ldquo;Financial factors which influence likelihood to buy an EV include purchase price, running costs, and vehicle depreciation. Consumers are most likely to be influenced by purchase price because this cost is clear and understandable. Consumers tend to place greater weight on costs which affect them immediately, and less weight on costs which will affect them later&hellip;.&rdquo;
Put another way, given how competitive and dynamic the market is, investors should decide whether the proposed or current EV will actually sell. That said, one potential way to decrease risks could be to buy shares of already-established car manufacturers.
As a whole, many industry veterans are also moving toward EV production. They include Daimler (OTCMKTS:<a href="https://investorplace.com/stock-quotes/dmlry-stock-quote/">DMLRY</a>), General Motors (NYSE:<a href="https://investorplace.com/stock-quotes/gm-stock-quote/">GM</a>), Hyundai Motor (OTCMKTS:<a href="https://investorplace.com/stock-quotes/hymtf-stock-quote/">HYMTF</a>), Volkswagen (OTCMKTS:<a href="https://investorplace.com/stock-quotes/vwagy-stock-quote/">VWAGY</a>) and Volvo (OTCMKTS:<a href="https://investorplace.com/stock-quotes/vlvly-stock-quote/">VLVLY</a>), among others. Decades of expertise, manufacturing capabilities and established sales channels will possibly enable them to make a success of their EV operations, too.
On the date of publication, Tezcan Gecgil did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Tezcan Gecgil has worked in investment management for more than two decades in the U.S. and U.K. In addition to formal higher education in the field, she has also completed all 3 levels of the Chartered Market Technician (CMT) examination.
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3 Fundamental Fail-Safes for Picking EV Stocks

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>

Investors in Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) have had a strong 2020. Right now, NVDA stock is up over over 130% year-to-date (YTD). However, after hitting an all-time high of just over $589 on Sept. 2, the shares came under pressure and fell as low as $468 on Sept. 8. Now in early December, they are currently around $542.
	<div><img src="https://investorplace.com/wp-content/uploads/2019/09/nvda-stock-1600-4-300x169.jpg" alt="Nvidia (NVDA) logo displayed on phone screen" width="300" height="169" /><div>Source: rafapress / Shutterstock.com</div></div>
	
McKinsey &amp; Company recently reported on the semiconductor field in general. They noted, &ldquo;Semiconductor companies may also <a href="https://www.mckinsey.com/industries/advanced-electronics/our-insights/how-the-semiconductor-industry-can-emerge-stronger-after-the-covid-19-crisis#" target="_blank">emerge stronger from the COVID-19 crisis</a> if they take a strategic, systematic approach to investment and divestment.&rdquo;
As such, Nvidia&rsquo;s proactive management is likely to drive the company forward in 2021 and beyond. Therefore, long-term investors in the stock will possibly enjoy increasing shareholder value for many years to come.
However, in the short-term, it&rsquo;s important to remember how volatile this name can be, like most other tech shares. So, high intraday volatility is a fact of life for NVDA traders. But investors may regard any drop toward the $500 level or below as an opportunity to go long. Here&rsquo;s why.
<h3>NVDA Stock Is Leading the Chip Space</h3>
Semiconductor stocks have been among the top catalysts of the broader tech sector&rsquo;s upside over the impressive bull market of the past decade. Yet, NVDA stock is among the names that stand out in that top class. With a market capitalization above $336 billion, the company is one of the largest domestic semiconductor names and still has plenty of room to grow.

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				</ul>Despite the health and economic effects of the pandemic, semiconductor stocks have also done extremely well in 2020. For example, the widely used industry benchmark iShares PHLX Semiconductor ETF (NASDAQ:<a href="https://investorplace.com/stock-quotes/soxx-stock-quote/">SOXX</a>) is up over 47% YTD. For Nvidia, the work-from-home trend has translated into increased demand for its chips, especially in data centers and the video-gaming space.
Additionally, when the company released Q3 results in mid-November, it announced <a href="https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-third-quarter-fiscal-2021" target="_blank">record revenue of $4.73 billion</a>, up 57% year-over-year (YOY). The company also saw gaming revenue of $2.27 billion and data center revenue of $1.9 billion, up 37% and 162% respectively YOY. But these weren&rsquo;t just sudden improvements for the quarter. In Q2 of this year, revenue had been substantial at $3.87 billion.

Put another way, management has delivered well. However, as questions about the state of global economies linger, it may not be possible to expect such stellar returns quarter after quarter.&nbsp;
Investors may also want to pay attention to Nvidia&rsquo;s current valuation levels. For example, NVDA stock is currently trading at a forward price-earnings ratio of 46.95. Additionally, its price-sales ratio stands at 22.43. In comparison, Intel (NASDAQ:<a href="https://investorplace.com/stock-quotes/intc-stock-quote/" target="_blank">INTC</a>) stock&rsquo;s forward price-earnings and price-sales ratios currently stand at 9.78 and 2.61, respectively.
On the other hand, Advanced Micro Devices (NASDAQ:<a href="https://investorplace.com/stock-quotes/amd-stock-quote/">AMD</a>) stock &mdash; which is up over 106% YTD &mdash; has forward price-earnings and price-sales ratios of 52.91 and 12.81 each. These metrics mean that Intel may be the cheapest option from a valuation standpoint.&nbsp; 
So, could there be short-term price-taking in Nvidia shares around the corner?
<h3>Bottom Line</h3>
When we analyze a chip darling like NVDA stock, we also have to remember how far broader markets like tech stocks have gone up since early spring. For instance, the company&rsquo;s 52-week range has been $180.68 to $589.07.
As a result &mdash; unless a given company has constant positive news &mdash;&nbsp; short-term profit-taking is likely to put pressure on tech shares. Therefore, there may be choppiness on the horizon. NVDA could possibly trade in a range between $500 and $550.
So, those investors wanting to enter Nvidia may consider any brief decline as a good opportunity to buy.
And if you are already an NVDA shareholder, you may want to hedge your long position with a covered call that expires on Jan. 15. It would offer a degree of downside protection while also allowing you to participate in a potential upward move.
Alternatively, investors who are ready to commit to the stock should also consider buying an exchange-traded fund (ETF) instead. Many ETFs already have the company as a holding. Examples include the iShares Core S&amp;P 500 ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/ivv-stock-quote/">IVV</a>), the iShares PHLX Semiconductor ETF, the SPDR S&amp;P Kensho Smart Mobility ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/hail-stock-quote/">HAIL</a>) and the&nbsp;VanEck Vectors Video Gaming and eSports ETF (NASDAQ:<a href="https://investorplace.com/stock-quotes/espo-stock-quote/">ESPO</a>).
On the date of publication, Tezcan Gecgil did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Tezcan Gecgil has worked in investment management for over two decades in the U.S. and U.K. In addition to formal higher education in the field, she has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Her passion is for options trading based on technical analysis of fundamentally strong companies. She especially enjoys setting up weekly covered calls for income generation.
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Nvidia Has Been Conducting Heat, But Is It Time to Buy?

7 Electric Vehicle Stocks With Style And Substance

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Electric vehicle (EV) companies like China-based Xpeng (NYSE:<a href="https://investorplace.com/stock-quotes/xpev-stock-quote/">XPEV</a>) have been getting significant investor attention lately. In late August, XPEV stock listed on the Big Board (NYSE) as an American depositary receipt (ADR).
	<div>
		<img src="https://investorplace.com/wp-content/uploads/2020/08/xpev-stock-300x169.jpg" alt="Image of Xpeng's (XPEV) G3 electric SUV outside a mall in China" width="300" height="169" /><div>Source: Johnnie Rik / Shutterstock.com</div>
	</div>
	
On Aug. 27, Xpeng shares were trading at $23.10. By Nov. 24, they hit a record high of $74.49. Now XPEV stock is shy of $50. Despite the recent decline in price, XPEV stock has more than doubled in less than four months.
In a recent&nbsp;<a href="https://wedocs.unep.org/bitstream/handle/20.500.11822/33111/FB17.pdf" target="_blank">report</a>, Stefan Schwarzer of United Nations Environment Programme (UNEP) said that by 2040, &ldquo;68% of all electricity production will stem from renewable sources.&rdquo; The report said transportation would be 10% of that as EVs come into more common use.
Now investors in Xpeng stock wonder if the run-up in price can continue in 2021, too. I believe the EV sector has become overbought for the short-run. Therefore short-term traders should possibly expect volatility with a downward bias.

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				</ul>On the other hand, investors who believe that the growth in EVs, especially in China, is going to continue, could buy into XPEV stock, ideally below $40 and expect to hold for several years for significant gains. Here&rsquo;s why&hellip;
<h3>China, EV Sales and XPeng Stock</h3>
A recent article by Dr. M. Robinson and P. Rajavignes <a href="https://www.pramanaresearch.org/gallery/prj-p1456.pdf" target="_blank">points out</a>&nbsp;that there were more than 500 million EVs in 2019, up 46% over 2018. The article credits a combination of technological advancements and environmental concerns.
China is currently the world&rsquo;s <a href="https://www.virta.global/global-electric-vehicle-market#:~:text=In%20absolute%20terms%2C%20China%20remained,and%201.1%20million%20EVs%20respectively" target="_blank">largest EV</a> market, with 2.3 million electric vehicles in active use &mdash; about 45% of EVs&rsquo; global stock. Europe and the U.S. track China with 1.2 and 1.1 million EVs respectively. Some of the top best sellers in <a href="https://global.chinadaily.com.cn/a/202002/17/WS5e49c4c0a310128217277e35_1.html" target="_blank">China</a> the local EV brands. 
Where does Xpeng fit in the growing world EVs in China? The company was founded in 2015, by He Xiaopeng, a former <a href="https://investorplace.com/2020/12/baba-stock-3-big-reasons-alibaba-shares-are-struggling-today/">Alibaba </a>(NYSE:<a href="https://investorplace.com/stock-quotes/baba-stock-quote/">BABA</a>) executive. He was joined by Xia Heng, an industry veteran. The company currently has two models, namely an SUV (the G3) and a four-door sports sedan (the P7).
In early November, <a href="https://ir.xiaopeng.com/news/news-details/2020/XPeng-Reports-Third-Quarter-2020-Unaudited-Financial-Results/default.aspx" target="_blank">Xpeng announced Q3 results</a>. Revenues were $293.1 million, an increase of 342.5% YoY. However, non-GAAP net loss was $127.4 million, or 15% higher compared with Q3 2019. Non-GAAP diluted net loss per ADS was 32 cents.
Analysts <a href="http://www.effortlessnews.net/NewsItemArticle/NewsArticle/eeb1ddb8fe472e94557f9fdee49d7355/a-look-at-xpeng---a-potential-rising-star-in-the-electric-ve" target="_blank">noted</a>, &ldquo;XPeng outsold most other Chinese companies in September 2020 with sales of 3,478 EV deliveries. XPeng&rsquo;s Q3 2020 deliveries rose 266% YoY.&rdquo;
As a result, JPMorgan Chase (NYSE:<a href="https://investorplace.com/stock-quotes/jpm-stock-quote/">JPM</a>) is bullish on XPEV stock.
CEO He Xiaopeng commented, &ldquo;Looking ahead, XPeng will continue to capitalize on its core strengths in technology, while heightening sales and marketing efforts, further enhancing manufacturing capability, and developing our global strategy.&rdquo;
Investors have been pleased with the results. Prior to the release of Q3 metrics, XPEV stock was trading around $30. In a matter of two weeks, it hit a record-high at about $75. Since then, profit-taking has kicked in and the shares are flirting with $50.
<h3>So Should Investors Buy XPEV Stock Now?</h3>
Given the growth of EVs in China, XPEVs bull run could be only the beginning. China <a href="http://epaper.chinadaily.com.cn/a/202010/19/WS5f8cd621a31099a2343510dd.html" target="_blank">expects</a> EV penetration to quadruple by 2025.&rdquo;
But the road for companies like XPeng will likely be choppy and long. A drop to $40 in XPEV stock is possible in the coming weeks. Such a decline would offer a better entry point for long-term shareholders.
If you do not want to commit full capital to XPENG stock, you may also consider investing in EV exchange-traded funds (ETFs). Examples include the Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a href="https://investorplace.com/stock-quotes/driv-stock-quote/">DRIV</a>), the SPDR S&amp;P Kensho Smart Mobility ETF&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/hail-stock-quote/">HAIL</a>), and the iShares Self-Driving EV and Tech ETF&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/idrv-stock-quote/">IDRV</a>).
Finally, if you are interested in buying into stocks that recently went public, then your ETF choices would extend to the First Trust U.S. Equity Opportunities ETF&nbsp;((NYSEARCA:<a href="https://investorplace.com/stock-quotes/fpx-stock-quote/">FPX</a>), the Defiance Next Gen SPAC Derived ETF&nbsp;(NYSE:<a class="ticker" href="/stock/S#NYSE">S</a>), the Renaissance IPO ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/ipo-stock-quote/">IPO</a>), the Invesco S&amp;P Spin-Off ETF&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/csd-stock-quote/">CSD</a>), or the First Trust IPOX Europe Equity Opportunities ETF&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/fpxe-stock-quote/">FPXE</a>).
On the date of publication, Tezcan Gecgil did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Tezcan Gecgil has worked in investment management for over two decades in the U.S. and U.K. In addition to formal higher education in the field, she has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Her passion is for options trading based on technical analysis of fundamentally strong companies. She especially enjoys setting up weekly covered calls for income generation and publishes educational <a href="https://www.youtube.com/watch?v=GrjQgLU5-m0&amp;t=80s" target="_blank">content</a> on investing.
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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Nikola&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/nkla-stock-quote/">NKLA</a>) stock had a wild ride in 2020. NKLA stock, which saw a record high of $93.99 in early June, is currently hovering around $18.
	<div>
		<img src="https://investorplace.com/wp-content/uploads/2020/09/nkla1600-300x169.jpg" alt="Nikola Stock: Image on phone screen" width="300" height="169" /><div>Source: Stephanie L Sanchez / Shutterstock.com</div>
	</div>
	
In other words, $1,000 in the shares of the electric vehicle (EV) maker at that top level would now be worth a little less than $200.
Phoenix-based Nikola went public via a special-purpose acquisition company (SPAC) merger on June 4. Through a reverse-merger with VectoIQ Acquisition Corporation, a &ldquo;blank check&rdquo; publicly-traded SPAC, Nikola started trading on the NASDAQ.
Most SPACs, like VectoIQ Acquisition Corporation, initially trade around $10. When a &ldquo;rumor&rdquo; or public news of a potential reverse-merges hits the wires, the stock price starts its run-up. In fact, by June 4, the first day of trading, NKLA stock was already around $35.

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				</ul>Today&rsquo;s article will remind InvestorPlace.com readers what happened to Nikola shares over the past six months. Such a review is likely to show that the stock&rsquo;s future is not bright.
Therefore, those investors who have any paper profits left in the shares could consider taking them. Others who are interested in buying shares of EV makers should potentially consider other companies. In other words, we&rsquo;d not invest in NKLA stock at this point, unless there is a fundamental change in the company&rsquo;s prospects.
<h3>The NKLA Stock Rollercoaster Ride</h3>
As markets started recovering from their spring 2020 lows, investors&rsquo; risk appetite for SPACs, as well as their appetite for electric vehicle stocks, increased significantly. For many, NKLA stock combined both themes under one umbrella. They wondered if Nikola could become the next <a href="https://investorplace.com/2021/01/3-reasons-why-tesla-stock-breached-bubble-territory/">Tesla</a> (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>).
The press release issued by Nikola on June 3 had a great number of forward-looking statements that many on the Street were ready to hear.
The statement claimed the company had raised enough capital for production, that pre-orders indicated as much as a $10 billion revenue potential. It also said Nikola would build out a nationwide hydrogen network that would be the largest in the world and that it would <a href="https://nikolamotor.com/press_releases/nikola-and-vectoiq-acquisition-corp-announce-closing-of-business-combination-77">start generating revenue this year</a>.
Trevor Milton founded the company in 2014, Nikola was (and still is) a pre-revenue business. When he was still the company&rsquo;s chairman, Milton&nbsp;used Twitter&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/twtr-stock-quote/">TWTR</a>) to generate buzz that Nikola would soon take reservations for the Badger,&nbsp;<a href="https://investorplace.com/2020/06/nikola-motor-company-news-sends-nkla-stock-soaring/" target="_blank">a new electric pickup truck</a>.
That was on June 9, and it set NKLA Stock soaring to its record high $93.99.
However, the rest of the year meant stomach-churning news for shareholders in the EV group. First came the <a href="https://www.autocar.co.uk/car-news/new-cars/nikola-badger-pick-culled-part-revised-gm-deal" target="_blank">good news</a> regarding a potential partnership with General Motors (NYSE:<a href="https://investorplace.com/stock-quotes/gm-stock-quote/">GM</a>). GM would take an 11% stake, worth about $2 billion at the time, and allow Nikola use of it&rsquo;s Ultium battery and Hydrotec fuel cell technology. As part of the deal, GM was slated to manufacture the Badger.
Before September was over, Milton resigned from his role and left the company amid <a href="https://uk.reuters.com/article/us-nikola-hindenburg-sec/sec-to-examine-nikola-over-short-sellers-fraud-allegations-bloomberg-news-idUKKBN2653EZ" target="_blank">fraud allegations</a>, voiced by short-selling research firm Hindenburg. Late November saw <a href="https://www.cnbc.com/2020/11/30/gm-nikola-announce-reworked-smaller-deal-focused-on-fuel-cell-supply-deal.html" target="_blank">GM put the brakes</a> on the expected deal, too, leading to a sell-off in Nikola shares.
NKLA stock took another beating in December when its collaboration with&nbsp;Republic Services&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/rsg-stock-quote/">RSG</a>) <a href="https://investorplace.com/2020/12/nkla-stock-why-nikola-shares-are-plunging-this-morning/">to develop electric garbage trucks</a> came apart.
<h3>The Bottom Line on Nikola Stock</h3>
As 2020 progressed, Nikola&rsquo;s prospects continued to weaken despite leadership changes at the company. Even with all of its challenges, this pre-revenue company still has a market capitalization of over $5 billion. Yet, there is no prospect of revenues to justify such valuation. 
By comparison, market caps of&nbsp;Fiat Chrysler Automobiles (NYSE:<a href="https://investorplace.com/stock-quotes/fcau-stock-quote/">FCAU</a>) and Ford (NYSE:<a href="https://investorplace.com/stock-quotes/f-stock-quote/">F</a>) are about $29.5 and $33 billion, respectively. Similarly, the market cap for UK-based Aston Martin Lagonda stands at 2.1 billion pounds sterling (or $2.9 billion).
Unless Nikola&rsquo;s management is able to get the company on the road to earning revenues, I regard it as a risky investment.
If you&rsquo;d like to ride the EV and the alternative energy wave without the volatility of NKLA stock, you could buy an exchange-traded fund ETF). Examples include the&nbsp;ALPS&nbsp;Clean Energy ETF&nbsp;(CBOE:<a href="https://investorplace.com/stock-quotes/aces-stock-quote/">ACES</a>), the Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a href="https://investorplace.com/stock-quotes/driv-stock-quote/">DRIV</a>), the SPDR S&amp;P Kensho Clean Power ETF&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/cnrg-stock-quote/">CNRG</a>),&nbsp;or the&nbsp;SPDR S&amp;P Kensho Smart Mobility ETF&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/hail-stock-quote/">HAIL</a>).
On the date of publication, Tezcan Gecgil did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Tezcan&nbsp;Gecgil has worked in investment management for over two decades in the U.S. and U.K. In addition to formal higher education in the field, she has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Her passion is for options trading based on technical analysis of fundamentally strong companies. She especially enjoys setting up weekly covered calls for income generation and publishes educational&nbsp;<a href="https://www.youtube.com/watch?v=GrjQgLU5-m0&amp;t=80s" target="_blank">content</a>&nbsp;on investing.
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