Guys, I don’t like to toot my own horn, but today I’m going to go over one of my trades that has done incredibly well. In this trade recap, I talk about one of my best electric vehicle (EV) stock plays, how we found it and what to look for in the future.
The big news to start 2021 has been the “blue wave,” and it definitely is a factor when talking about this stock and this sector.
With the Democratic party now in control of both the White House and Congress, there’s going to be a shift away from the sectors that did very well over the past couple of years.
There’s a lot of talk about extra stimulus money, which will act as a Band-Aid as coronavirus cases continue to climb. Pot stocks are another sector garnering a lot of attention as cannabis makes its way toward federalization.
For this EV stock play though, we have to look at the “Green New Deal.”
This economic plan centered around green energy is going to make way for a lot of success in the renewable energy markets.
Tesla Inc. (Nasdaq: TSLA) is king when it comes to electric vehicles. But, if you remember my take on its addition to the S&P 500, it may not be the stock to own anymore.
The EV stock play here is one that I’m still high on, and I expect it will only get better if/when the Green New Deal happens.
This trade appeared on my radar earlier in the week and exploded by that evening.
Let’s recap that EV stock play, see how we found it, why it exploded and what strategy we should take away from this.
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