(01-21-2021, 12:41 PM)divmenow Wrote:

(01-21-2021, 10:39 AM)EricL Wrote:

(01-21-2021, 10:34 AM)divmenow Wrote: F and GM breaking out. Who would have thought lol

I added CGC and UPS

Can someone please explain this EV hype train to me?

F & GM makes little money on every car sold, they make up for it with profits from their pickup truck sales.

The auto business is a highly cyclical, highly competitive, and low margin business.

Why will that still not be the case with EV's? Are they magically more profitable for car makers than ICE cars are?

Most are notprofitablle yet. Investors today are buying EV stocks in expectation of future profitability as the world's auto fleet transitions away from fossil fuels. Excitement in the sector isn't necessarily unfounded. Electric vehicles really are a growth market.
"When it comes to renewable energy, this is not something that happens years in the future. It's happening today," Already, about one in 40 new cars is electric. But that number grows every year, and 20% or more of all new car sales will likely be electric by 2030.

So the growth is real and I believe we are getting in at the ground level here. Not to mention Biden is in favor of this sector. So the president is in their corner. 

They are a ton of names to buy in this industry, but like all industries you have to be selective. 

(01-21-2021, 11:33 AM)vbin Wrote: Added LMT

(01-21-2021, 12:56 PM)fenders53 Wrote:

(01-21-2021, 12:41 PM)divmenow Wrote:

(01-21-2021, 10:39 AM)EricL Wrote:

(01-21-2021, 10:34 AM)divmenow Wrote: F and GM breaking out. Who would have thought lol

I added CGC and UPS

Can someone please explain this EV hype train to me?

F & GM makes little money on every car sold, they make up for it with profits from their pickup truck sales.

The auto business is a highly cyclical, highly competitive, and low margin business.

Why will that still not be the case with EV's? Are they magically more profitable for car makers than ICE cars are?

Most are notprofitablle yet. Investors today are buying EV stocks in expectation of future profitability as the world's auto fleet transitions away from fossil fuels. Excitement in the sector isn't necessarily unfounded. Electric vehicles really are a growth market.
"When it comes to renewable energy, this is not something that happens years in the future. It's happening today," Already, about one in 40 new cars is electric. But that number grows every year, and 20% or more of all new car sales will likely be electric by 2030.

So the growth is real and I believe we are getting in at the ground level here. Not to mention Biden is in favor of this sector. So the president is in their corner. 

They are a ton of names to buy in this industry, but like all industries you have to be selective. 

I agree with your EV growth thesis but I think the ground level was 75% ago.  It takes some creative financial mental gymnastics to think todays prices are cheap for most of the EV names.  (Eric already explained why).

(01-21-2021, 01:02 PM)Otter Wrote: Much like ABNB, I would be very interested to grab some Rivian shares whenever they IPO. Electric trucks that don't look silly (sorry Cybertruck), and backing from AMZN and F. Suspect they will do well in the space, given the popularity of trucks in the U.S.

Some Rivian prototypes were also featured in the recent Apple TV+ documentary series Long Way Up. Those trucks look good.

(01-21-2021, 01:05 PM)kblake Wrote:

(01-21-2021, 12:56 PM)fenders53 Wrote:

(01-21-2021, 12:41 PM)divmenow Wrote:

(01-21-2021, 10:39 AM)EricL Wrote:

(01-21-2021, 10:34 AM)divmenow Wrote: F and GM breaking out. Who would have thought lol

I added CGC and UPS

Can someone please explain this EV hype train to me?

F & GM makes little money on every car sold, they make up for it with profits from their pickup truck sales.

The auto business is a highly cyclical, highly competitive, and low margin business.

Why will that still not be the case with EV's? Are they magically more profitable for car makers than ICE cars are?

Most are notprofitablle yet. Investors today are buying EV stocks in expectation of future profitability as the world's auto fleet transitions away from fossil fuels. Excitement in the sector isn't necessarily unfounded. Electric vehicles really are a growth market.
"When it comes to renewable energy, this is not something that happens years in the future. It's happening today," Already, about one in 40 new cars is electric. But that number grows every year, and 20% or more of all new car sales will likely be electric by 2030.

So the growth is real and I believe we are getting in at the ground level here. Not to mention Biden is in favor of this sector. So the president is in their corner. 

They are a ton of names to buy in this industry, but like all industries you have to be selective. 

I agree with your EV growth thesis but I think the ground level was 75% ago.  It takes some creative financial mental gymnastics to think todays prices are cheap for most of the EV names.  (Eric already explained why).

I agree with your points. And even know they have run, they have a long way to go.  Look how much tech has run up. Many of those companies are trading at 50-100 x next earnings and many don't even have earnings. Same with BIO's. Most bios are making - minus 2$ in earnings or worse and yet they still reach high levels. This is not like the old days. The market looks ahead and rewards those companies that have a bright future and are good for the economy. 

EV companies will soon be in the black and these levels there trading at now will look like bargains. I strongly believe that. 

Don't be jealous because you think you missed the boat 

(01-21-2021, 01:11 PM)kblake Wrote:

(01-21-2021, 01:02 PM)Otter Wrote: Much like ABNB, I would be very interested to grab some Rivian shares whenever they IPO. Electric trucks that don't look silly (sorry Cybertruck), and backing from AMZN and F. Suspect they will do well in the space, given the popularity of trucks in the U.S.

Some Rivian prototypes were also featured in the recent Apple TV+ documentary series Long Way Up. Those trucks look good.

I want to buy one of there R1t trucks. They are sweet looking

IPO release date?

(01-20-2021, 11:29 AM)kblake Wrote:

(01-20-2021, 10:03 AM)EricL Wrote:

(01-20-2021, 09:59 AM)Otter Wrote:

(01-20-2021, 09:50 AM)EricL Wrote: In my trading account I trimmed 25% of my DG position and used the proceeds to start a new position in NNDM.

DG is one of those stocks that I really want to own, and never can find what I consider to be a good entry price, as it always seemed overvalued . . . then it keeps going up. 

I guess I have made PLTR my own personal overvalued stock purchase. 

I watched DG for a couple years waiting to buy because it was always expensive. Finally bought in August of 2016 and it's gone up 150% since then.

I think the estimates for 2021 are way too low considering the stimulus that just passed and the expected $1400 round to come yet again.

They are building new stores like crazy in every small town in rural America, where there is little competition and population that shops at these types of stores. I think the long-term growth story remains compelling.

DG is not expensive at all trading at 20 x next years earnings.  They keep expanding and growing. Selling DG will be a mistake. I actually just added more under $204. This stock will be $300 and you will wish you held. You sell a great stock for a company like NNDM who just did there 2nd offering 

(01-22-2021, 02:42 PM)EricL Wrote: In my trading account I sold FRO, NAT, and AMT and trimmed SHAK to open new positions in SEDG and ENPH.