Ark Invest analyst Sam Korus said on Monday that all-time high prices of used cars could push consumers toward adopting new technologies more quickly than expected.
LG Energy Solutions, a supplier electric vehicle batteries to the likes of Tesla, Inc. (NASDAQ: TSLA), will go ahead with its planned initial public offering later this year, according to local media reports.
Green energy stocks were swept in a green tidal wave in the week ending Oct. 8 amid a host of positive catalysts. The primary drivers were the broader market reversal, strong third-quarter deliveries reported by Tesla, Inc. (NASDAQ: TSLA) and positive sentiment toward Chinese EV stocks.
Benzinga has examined the prospects for many investor favorite stocks over the past week.
Last week's bullish calls included a Detroit automaker and a retailer "firing on all cylinders."
This unusual options alert can help traders discover the next big trading opportunities. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. Unusual trading activity could push option prices to exaggerated or underestimated levels.
General Motors Company (NYSE: GM) shares are trading higher on continued upward momentum following the company's investor event that began on Wednesday.
Investors were in wait-and-see mode before the Employment Situation Report and then the volatility hit. Non-farm job growth was expected to be around 500,000 but the number was only 194,000. This shows how difficult predicting job growth has been during the pandemic.