Benchmark U.S. crude oil for September delivery rose 16 cents to $72.07 a barrel Friday. Brent crude oil for September delivery rose 31 cents to $74.10 a barrel.
Wholesale gasoline for August delivery rose 2 cents to $2.29 a gallon. August heating was unchanged at $2.13 a gallon. August natural gas rose 6 cents to $4.06 per 1,000 cubic feet.
Gold for August delivery fell $3.60 to $1,801.80 an ounce. Silver for September delivery fell 15 cents to $25.23 an ounce and September copper rose 6 cents to $4.40 a pound.
The dollar rose to 110.56 Japanese yen from 110.16 yen. The euro was unchanged at $1.1772.7 Electric Vehicle (EV) Stocks That Are Ready to Rebound
The electric vehicle (EV) sector was nearly as frothy as the “pandemic stocks” in 2020. It wasn’t that the EV sector was dormant during the Trump administration.
But, as the saying goes, elections have consequences. And Wall Street understands they can make money in any administration. And as a bet that Joe Biden would win the presidency, electric vehicle stocks soared.
For starters, the Biden administration has already said it will prioritize climate change like no administration ever has. And one way they are going to do that is to incentivize the production and purchase of electric vehicles.
And to take advantage of this shift towards electric vehicle stocks, many private companies raced to get in on the action. The preferred way for many of these companies to go public was via a Special Purpose Acquisition Company (SPAC). A SPAC is basically a shortcut to the traditional IPO process.
However, what goes up frequently goes down and since late February, EV stocks have been getting battered. But this is creating an opportunity because the electric vehicle is still supposed to see exceptional growth over the next five years.
To help you take advantage of this we’ve created this special presentation that includes seven stocks that appear to be ready to take the next leg up.
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