Tag Archives: TM

Why So Many Electric-Vehicle Stocks Closed Lower on Thursday

What happened

Shares of several electric-vehicle companies closed lower on Thursday, after global auto giant Toyota (NYSE:TM) said that it will cut its September production by 40% due to parts shortages.

Here’s how these companies fared on Thursday, relative to their closing prices on Wednesday. 

Faraday Future Intelligent Electric (NASDAQ:FFIE) closed down 7.3%. Fisker (NYSE:FSR) closed down 7.2%. GreenPower Motors (NASDAQ:GP) closed down 8.5%. Lordstown Motors (NASDAQ:RIDE) closed down 9.5%. Lucid Group (NASDAQ:LCID) closed down 3.7%. Nikola (NASDAQ:NKLA) closed....More>>>

Here's Why Plug Power Stock Popped Today

What happened

Fuel-cell stock Plug Power (NASDAQ:PLUG) opened Tuesday on a positive note, gaining 2.8% within the first 20 minutes of trading. Despite slipping into negative territory soon after, the hydrogen fuel stock bounced back and was up 2.3% as of 3:30 p.m. EDT.

It appears investors in Plug Power couldn’t easily decide what to make of the big news coming in from the red-hot hydrogen fuel market today.

So what

On Sept. 7, South Korea’s largest automaker Hyundai Motor Group (OTC:HYMTF) announced ambitious hydrogen plans at the self-hosted Hydrogen....More>>>

The Most Important Chart Level to Know for Lucid Motors Stock

Lucid Motors (NASDAQ:LCID) enjoyed a period of time where it had robust momentum, but that period has since faded. LCID stock is down about 70% from the highs in February, when the stock topped out near $65.

Source: ggTravelDiary / Shutterstock.com

 

Now near $20, Lucid stock bulls have been served a hearty plate of humble pie. 

Regardless of what happened in the past though, investors are focused on the future. Is this a name to own or is not? By the end of this article, we’ll solve that question.

 

The Most Important....More>>>

7 Consumer Discretionary Stocks to Buy on the Pandemic Bounceback

For journalists across the globe, covering the novel coronavirus pandemic has to be one of the most frustrating experiences of their careers. While you don’t want to paint an overly pessimistic view of the crisis given that people’s livelihoods depend on robust economic activities, you don’t want to be dismissive of the threats either. And that brings up the contested narrative of consumer discretionary stocks.

I’ll be the first to admit that I haven’t always called the ebb and flow of this pandemic — and its resultant aftershocks — correctly.....More>>>

7 Stocks to Buy Before the Flying Cars Trend Takes Off

In 1940, automaker Henry Ford said, “Mark my words: a combination airplane and motorcar is coming.” Ford was teased for the statement, but now, decades later, the same technologies that power drones and steer autonomous vehicles could launch flying cars. Thus, this concept has gone “from the pages of sci-fi comics to the skies of our cities,” as noted by Morgan Stanley in Jan. 2019.

Just 82 years later, flying cars are a reality.

In fact, over the last few weeks, XPENG AEROHT, the largest flying car company in Asia and an affiliate of XPENG (NYSE:XPEV),....More>>>