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Trading Ideas

Solid Power Stock: Will This EV Battery Manufacturer IPO?

May 4, 2021 admin Comments Off on Solid Power Stock: Will This EV Battery Manufacturer IPO?

Will there be Solid Power stock? The company is gaining attention as big automakers are investing in its technology. Now, investors are wondering if they can expect a Solid Power IPO (initial public offering).
But will Solid Power go public soon? Here’s what we know…
Solid Power Stock: The Business

Founded in 2012, Solid Power produces solid-state rechargeable batteries for electric vehicles (EVs) and mobile power markets. Solid-state batteries don’t use traditional liquid electrolytes. Instead, Solid Power uses a solid electrolyte for a safer and more stable battery.
Additionally, Solid Power claims its battery can give 50-100% more energy density while enabling a cheaper …read more […]

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Trading Ideas

Consumer Discretionary – Definition and Examples

May 4, 2021 admin Comments Off on Consumer Discretionary – Definition and Examples

Consumer discretionary is a term for goods and services that are non-essential products. For example, rice and wheat would be considered essential items. Meanwhile, cars and streaming services are non-essential products.
Consumers will only buy non-essential items when they have enough income left at the end of each month to afford those products. While consumers might want new clothes or durable goods, they will avoid buying them if they are unable to financially. These type of products and services are called consumer cyclicals or consumer discretionaries.
Consumer discretionaries are important because they show the strength of the economy. In total, consumer spending …read more […]

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How Does Compound Interest Work?

May 4, 2021 admin Comments Off on How Does Compound Interest Work?

“Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it.” – Albert Einstein
This quote is one many investors know well. It succinctly sums up the power of compound interest and its potential. To understand it fully, you need to ask yourself: how does compound interest work?
While many people can explain the function of compounding, they’re lost when it comes to understanding exactly how wealth begets more wealth. Do you know the formula for compound interest? Are you familiar with the Rule of 72? Do you know how much your …read more […]