This year has been a remarkable one for stocks tied to electric and autonomous vehicles, with stocks soaring following a dismal showing during 2022.
The holdings of three exchange-traded funds focused on EV production, related industries and the eventual adoption of autonomous vehicles provide the basis for a stock screen. First, to show how dramatic the space’s performance has been, take a look at a five-year chart for the three ETFs, the S&P 500 SPX and the Nasdaq Composite Index COMP :
So it’s time for a new screen of the EV-related space, starting with the holdings of the same three ETFs:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
18 Stocks with High Upside in a Stock-Pickers' Paradise: GSGoldman Sachs identifies 18 stocks with double-digit upside, as stock dispersions widen and create opportunities for active investors.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market outlook: rates to re-emerge as threat to stocks, BofA saysBank of America analysts warn that the re-emergence of high US rates may pose a risk to the equity market, as higher yields were a major driver of S&P downside in 2022.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock Market Outlook: Soft Landing Hopes Too High, Play Defense in StocksMarko Kolanovic advises investors to play defense in stocks as the economic outlook becomes murkier. He states that there is only a 35% chance of a soft landing and a 65% chance of a recession happening within the next year.
Source: BusinessInsider - 🏆 729. / 51 Read more »