Quick quiz: What’s the one material Tesla Motors Inc (NASDAQ:TSLA) desperately needs more of if it’s going to continue on with its mission of mainstreaming electric vehicles? If you said lithium — the stuff used to make its big, powerful batteries — you were right about a year and a half ago. The supply/demand imbalance has settled down since then, with miners finally getting up to speed with consumption.
The correct answer to the question is cobalt. Most investors may not even fully appreciate or even recognize it now, but the looming cobalt crunch is going to make the lithium crunch from yesteryear look like child’s play… and that’s great news for CobalTech Mining, Inc. (OTCMKTS:BNCIF, CVE:CSK).
Cobalt (Co) is a metal used in several commercial, industrial, and military applications. On a global basis, the leading use of cobalt is in rechargeable battery electrodes, and the batteries that power electric vehicles. As of last year, the manufacture of electric vehicles became the most prolific use of cobalt, thanks to the aforementioned Tesla Motors along with a handful of fringe competitors. Thing is Tesla is only on pace to make just a few less than 100,000 electric vehicles this year, and there’s already a supply problem. When Tesla Motors is cranking out 500,000 units per year by 2019, the lack of supply could be downright painful.
InvestorIntel crunched the numbers earlier this year, concluding:
Top Tech Stocks To Own For 2018: Fortress Investment Group LLC(FIG)
- [By Dan Caplinger]
The stock market continued to climb sharply on Wednesday, sending major market benchmarks to record highs yet again and propelling the Dow Jones Industrials up more than 100 points. Economic data continued to support the notion that the U.S. economy remains strong, and rising inflation levels led many to conclude that the Federal Reserve is more likely than ever to follow through on its promise to keep lifting short-term interest rates in 2017. Rising bond yields reflected investors’ reluctance to hold onto fixed-income investments in anticipation of higher rates, prompting some to shift assets into the stock market. Several companies also reported, andFortress Investment Group (NYSE:FIG), Editas Medicine (NASDAQ:EDIT), and Hertz Global Holdings (NYSE:HTZ) were among the top performers on the day. Below, we’ll look more closely at these stocks to tell you why they did so well.
Top Tech Stocks To Own For 2018: Caesars Acquisition Company(CACQ)
- [By Travis Hoium]
The big unknown with Caesars Entertainment is how the company’s proposed acquisition of Caesars Acquisition Company (NASDAQ:CACQ) and the resolution of Caesars Entertainment Operating Company’s bankruptcy will end up.
Top Tech Stocks To Own For 2018: Cross Timbers Royalty Trust(CRT)
- [By Jim Robertson]
On Wednesday, our Under the Radar Moversnewsletter suggested shorting small cap trust stock Cross Timbers Royalty Trust (NYSE: CRT):
On the close-up detailed chart of Cross Timber Royalty we can see how well-developed the downtrend is, but what’s so eye-catching is the way the selling volume is starting to build on the way down. The recent bearish crosses of all the key moving average lines were indeed telling of trouble.