No Picture
Trading Ideas

Opportunities in EVs and Charging for 2020

Renewable energy is my main investment focus for 2020. This includes companies in the electric vehicle supply chain.
For example, look no further than the 21st century EV pioneer. Back in 2013, Tesla (Nasdaq: TSLA) was out of favor and cheap.
At $47 per share, it was selling for peanuts. Analysts were predicting its quick demise.
But here is what I wrote to my readers in April of that year: “Investors who want a pure play in the EV space might do well to consider investing in a few shares of Tesla Motors.
“Given the enthusiasm for the company’s cars and its rapid …read more […]

No Picture
Trading Ideas

Tesla, Saudi Aramco and the Stock Price Bros

(Bloomberg Opinion) — “Stock price, bro” is an established response to anyone expressing skepticism about Tesla Inc. It’s shorthand for “If things are so bad, then why is the stock price so high (bro)?”I was reminded of this during the first few days of trading for Saudi Arabian Oil Co., which debuted on Riyadh’s stock exchange earlier this month. I’ve never been able to square Crown Prince Mohammed Bin Salman’s $2 trillion price tag for Saudi Aramco with the company’s financials; my last stab at valuation came in a bit below $1.5 trillion. So when it breached the prince’s price …read more […]

No Picture
Trading Ideas

IBM's new battery design taps seawater as alternative mineral source

IBM said it has partnered with the research wing of Daimler AG’s Mercedes-Benz, battery electrolyte supplier Central Glass, and battery manufacturer Sidus for the commercial development of the new design. “The goal would be, within a year or so, to have the first working prototype (of the battery),” said Jeff Welser, vice president at IBM Research. The move comes as top battery makers are scrambling to reduce cobalt content in lithium-ion batteries, and as the expansion of the electric vehicle market is expected to result in shortages of the mineral mainly found in the Democratic Republic of Congo. …read more […]

No Picture
Trading Ideas

Canada's SNC-Lavalin unit to plead guilty to fraud charge in Libya case: La Presse

An SNC-Lavalin Group division will plead guilty to a fraud charge related to projects in Libya after an agreement with prosecutors, La Presse reported on Wednesday, in a case that engulfed Canadian Prime Minister Justin Trudeau’s government in crisis this year. Shares in SNC were halted on the Toronto Stock Exchange early on Wednesday. On Sunday, a Quebec jury found a former top SNC-Lavalin executive guilty of fraud and corruption charges related to the Libya case. …read more […]