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  • Business
    Barrons.com

    Bill Gates’ Trust Sold Alibaba, Uber, and Apple Stock. Here’s What It Bought.

    The Bill & Melinda Gates Foundation Trust closed its Alibaba position as Jack Ma retreated from public view. Instead, Gates boosted holdings in a provider of drug-discovery software.

  • Lithium And Hydrogen Trades: 5 Battery-Related Stocks To Watch
    Business
    Benzinga

    Lithium And Hydrogen Trades: 5 Battery-Related Stocks To Watch

    Stocks in electric battery technology have been heating up as automakers, airlines and equipment manufacturers continue to form partnerships with tech companies. Batteries are essential to many of the technologies that innovators hope will replace fossil fuel-burning machines. This bodes well for makers of lithium-ion batteries and hydrogen fuel cells. Five Battery Technology Companies To Watch: Australian mining company Piedmont Lithium ADR (NASDAQ: PLL) has been on a tear since it announced a deal with Tesla Inc (NASDAQ: TSLA) last September. Piedmont signed a five-year agreement to supply Tesla with one-third of its planned 160,000-tonnes-per-year spodumene concentrate, a type of lithium ore, from its deposits in North Carolina. Since the announcement, shares of Piedmont have soared more than 430%. This past November, Piedmont announced an expansion of its drilling operations, adding three new drill rigs in North Carolina. CEO Keith Phillips said in a press release that the North Carolina investment positions the company to be a part of "North America's clean energy storage and EV revolution." North Carolina-based Albemarle Corp (NYSE: ALB) is another one to watch. In January, Albemarle announced an expansion of its operations in Silver Peak, Nevada, where it hopes to accelerate lithium production from clay resources in the area. Albemarle also announced it was experimenting with a process to streamline lithium production from brine resources, a project sponsored by the U.S. Department of Energy. Shares rose to an all-time high on Jan. 20, but have since have since come down by 17%. Livent Corp (NYSE: LTHM) share prices surged last November after the company reported it had extended its lithium supply agreement with Tesla. Besides suppling chemicals for electric vehicle batteries, Livent also produces butyllithium and lithium metal for the pharmaceutical, aerospace and agrochemical industries. Although Livent shares have rocketed over 300% from March 2020 lows, shares dropped Friday after Livent reported less than stellar earnings. Hydrogen fuel cell company Plug Power Inc (NASDAQ: PLUG), based in Latham, New York, sells alternatives to traditional batteries. The company announced on Tuesday that it had entered into an agreement with Acciona S.A., a sustainable infrastructure company in Spain. The companies hope to grab 20% of the market share in Spain and Portugal through the establishment of a green hydrogen platform. Shares in Plug Power hit a high of $75.49 in January, a 134% increase since the start of the year but have recently retraced by almost 30%. FuelCell Energy Inc (NASDAQ: FCEL) has longtime partner Exxon Mobil Corporation (NYSE: XOM) behind it and in 2019 the collaboration expanded in a deal worth more than $60 million for large-scale carbon capture. Danbury, Connecticut-based FuelCell makes fuel cell power plants that generate clean energy for government, utility and municipality customers. Its products use hydrogen-rich fuels to generate power and also try to improve on the functions of traditional batteries. Shares in FuelCell soared over 175% in January, but have recently dropped over 30% as investors wait for consolidation. (Photo by Riccardo Annandale on Unsplash) See more from BenzingaClick here for options trades from BenzingaAfter Q4 Miss From Planet Fitness, 4 Analysts On What's Ahead For Gym ChainVisa, ADP Partner To Unveil New Direct Deposit Option Via Debit Card© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • 2 Electric Vehicle Stocks Endorsed by Wall Street’s ‘Mad Scientist’
    Business
    InvestorPlace

    2 Electric Vehicle Stocks Endorsed by Wall Street’s ‘Mad Scientist’

    There’s this guy on Wall Street… Source: Shutterstock His name is Adam Jonas. He’s the head of global auto and shared mobility research over at Morgan Stanley. He’s a wickedly smart dude, who is very forward-thinking and has such a great track-record of prescient calls that they call him Wall Street’s “Mad Scientist.”InvestorPlace - Stock Market News, Stock Advice & Trading Tips One example: Back in 2011, he told everyone that EVs were going to take over the world and hyped Tesla stock as a strong buy. Tesla’s stock price at the time? $5 – It’s up about 170,000% since then. Another example: In late 2019, Jonas said that the Space Economy was on the verge of hypergrowth and Virgin Galactic was a strong buy. The Virgin Galactic stock price at the time? About $7 – It’s up more than 750% since then. You get the point. When Jonas speaks, you should listen, especially if he’s saying something about a stock to buy in the transportation markets. Last Friday, Jonas did just that. He came out and said that there are two screaming buys right now in the EV market. Their names? Fisker (FSR) and QuantumScape (QS). Specifically, Jonas called EV maker Fisker his “sleeper pick” in the EV category, believing that the company “stands out [with] one of the more de-risked and strategically underpinned business models” in the EV space. Jonas thinks that stock is going to $27. At the same time, he said solid-state battery maker QuantumScape’s game-changing technology positions it well for blockbuster partnerships with U.S.-based EV players — like Ford and Apple — as they look to secure a domestic supply of battery technology. He thinks this stock is going to $70. For the record, I couldn’t agree more. Fisker was founded by Henrik Fisker, a legend of unparalleled reputation in the luxury auto market who was the design brain behind the Aston Martin DB9, the Aston Martin Vantage, the BMW Z8, and the BMW X5. It should be no surprise, then, that Fisker has attracted a top-tier design team that has created one of the most sleek-looking EVs yet – the Ocean SUV. Further – thanks to the company’s asset-light, direct-to-consumer business model that Jonas refences above – Fisker will be selling this Ocean SUV for just $37,500… which is an absolute steal of a price for a luxury e-SUV. The Model X – its closest rival today – goes for over $80,000. When this car launches, I expect it to be a huge hit among consumers. The enormous success of the Ocean SUV will be the launching pad for Fisker to thrust itself into EV spotlight, and eventually, turn into one of the most prominent brands in this space. And at this very moment, Fisker stock has huge upside potential. Meanwhile, QuantumScape is breaking ground on a new generation of potentially game-changing solid-state batteries for electric vehicles. The long story short here is that today’s batteries are built on liquid battery chemistry, and as such, can only be made to be so dense. We are hitting that peak energy density today. To unlock a new generation of batteries that last longer and recharge faster, we need to fundamentally change the chemistry behind these batteries and turn the liquid electrolyte solution into a solid. QuantumScape is doing that. But more importantly, QuantumScape is lightyears ahead of everyone else when it comes to making solid-state batteries. The company has attracted a top-tier engineering team that is full of Stanford and UC Berkeley talent. That talented team has created a cost-effective way to manufacture high-performance solid batteries. And those solid batteries are already proving themselves as significantly superior solutions to liquid batteries. That’s why Dr. Stan Whittingham, co-inventor of the lithium-ion battery and winner of the 2019 Nobel prize in chemistry, said: “If QuantumScape can get this technology into mass production, it holds the potential to transform the industry.” Thus, QuantumScape stock has huge long-term upside potential. Big picture: Jonas is a smart guy. He’s one of the analysts I respect most on Wall Street. He said buy Fisker stock and QuantumScape stock. I agree. And more than that, I think these are investments worth holding onto for potentially multi-bagger gains over the next few years… P.S. Speaking of multi-bagger gains, I like to say that where there’s disruption, there’s opportunity. And there’s a massive opportunity happening right before our eyes. Remember how Jeff Bezos looked at the state of the retail market, and he created Amazon.com in response? Yes, this opportunity is that huge. As you know, I don’t make stock picks on a whim. I spend countless hours analyzing them, creating models, and measuring their long-term potential. It’s how I got to be America’s No. 1 stock picker, according to TipRanks. So believe me when I tell you that there’s a stock out there that could very well become “the next Amazon.” And this Tuesday I will reveal its industry, name, and ticker symbol… for free. Watch the video below to learn more about this hypergrowth opportunity and reserve your seat here! On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article. By uncovering early investments in hypergrowth industries, Luke Lango puts you on the ground-floor of world-changing megatrends. It’s how his Daily 10X Report has averaged up to a ridiculous 100% return across all recommendations since launching last May. Click here to see how he does it. More From Hypergrowth Investing FuboTV Stock Is Heading to $200. Buy It Before It Goes Parabolic The Best Stocks to Buy in the Market Today, According to Jeff Bezos 7 Explosive Cryptocurrencies to Buy After the Bitcoin Halvening 15 EV Stocks to Buy as GM Goes All-Electric The post 2 Electric Vehicle Stocks Endorsed by Wall Street’s ‘Mad Scientist’ appeared first on InvestorPlace.

  • How To Generate $100,000 Of Retirement Income, Without Selling Your Principal
    Business
    Investor's Business Daily

    How To Generate $100,000 Of Retirement Income, Without Selling Your Principal

    Your retirement savings are $1 million. You want $100,000 of yearly retirement income, including Social Security. Is that doable without tons of risk?