I'm talking about ChargePoint Holdings Inc. Two of my very favorite companies in this space are in play right now they're potential beneficiaries of the infrastructure bill, of course, but also, the Democrats' proposed $3 trillion social and climate action plan. Most sources agree that there will need to be hundreds of thousands of efficient charging stations built nationwide - Biden himself has floated a figure in the 500,000 range - for the transition to electric vehicles to work. There's perhaps even more profit potential in the "stuff" that goes along with EVs, like electric motors and charging stations. (NASDAQ: TSLA) and other EV makers grab headlines, but there's more - a lot more - than vehicles themselves to this boom. These stocks are near or below certain key support and resistance levels that put them in play right now. Be that as it may, choosing the right stocks here can mean the difference between missing out, or collecting ho-hum profits, and knocking it out of the park. There's also a great deal of global growth here, outside of the United States, as the world transitions away from fossil fuels. Thanks to the infrastructure bill, and what will likely be billions and billions in earmarks, the whole sector is heating up. My editor, though, asked me to share this week's watchlist with everybody because it's packed with clean energy stocks. That's also why I talk about speculative trades people can execute to cash in on those moves.
It's just like how it sounds they're stocks I'm keeping tabs on because I see the potential for big, imminent moves.
#Beem stock forecast 2021 free#
Fundamental company data provided by Morningstar, updated daily.Every week, I publish a "watchlist" of stocks for my Total Wealth free e-letter subscribers. Stock quotes provided by InterActive Data.
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