A Great Buying Opportunity in the Wave of the Future
Electric vehicle stocks have been getting hammered lately, but one name stands out above the rest as a great buy.
We’ve talked before about the massive profit potential in electric vehicles (EV) here in Profit Pregame.
But hopefully you didn’t wait until mid-March to jump into the industry. That’s because, after a strong run up to start the month, several big names in the EV space have come crashing back down.
After seeing shares of Canoo Inc. (GOEV) fall as much as 46% and Romeo Power, Inc. (RMO) tank by 42% – just to name a couple – investors could be forgiven for steering clear of the electric vehicle space altogether.
But I believe you’d be missing out on some big gains by doing so.
Where’s the money?
Over the last two weeks, we’ve seen a ton of money rotate out of electric vehicle stocks.
In fact, since the start of 2021, most of the big names in EV have been declining. But the recent slide has been among the sharpest.
At the top of the list of reasons why EV stocks have come under so much selling pressure are overvaluation concerns, the lingering microchip shortage, and a growing number of competitors in the space.
Despite those hardships, I still believe in the EV industry. I think that the dip many stocks have seen so far this year presents a great buying opportunity. But for now, you should be careful about which EV stocks you jump into.
And there’s one name in particular I like right now…
How do I get some?
Is EV the wave of the future?
However, just like cryptos, the trick is in determining which one is the best one.
I think it is hard to get long as we continue to see weak charts in the EV space go lower and lower – like RMO and GOEV, which have been getting crushed.
But my recommendation for you today is one that has been able to buck the trend.
Tesla, Inc. (TSLA) is among the most popular and well-established companies in the electric vehicle industry. Its stock has soared the last two days while so many other names in the space have continued to fall.
I believe that trend will continue throughout the year, with TSLA leading the way while others struggle to keep up.
And with TSLA still nearly 25% lower than its all-time high in January, now looks like a great time to scoop up some discounted shares.
What A Month!
In March alone, my S.C.A.N. trading algorithm pinpointed opportunities for five shots at double-digit profits.
And the readers who followed those recommendations could’ve scored an average return of over 44% with these plays!
To see what I have my eye on for April, click here now.
In the Spotlight: Looking ahead to big infrastructure spending
The market is already starting to price-in the anticipated $4 trillion in infrastructure spending.
And the massive spending bill could spell some huge profit opportunities.
The most likely winners from America’s infrastructure overhaul will be industrials and materials companies, and I’ve got my eye on a few names that could be great buys in the near future.
But the gains won’t stop there. There figures to be a myriad of opportunities in everything from tech stocks, to real estate, and many more.
I’ll be doing a deep dive on the best profit opportunities surrounding the infrastructure spending, so keep an eye out for upcoming Profit Pregame issues.