5 Stocks to Watch Like $FUV
Wednesday should be a good days for EV stocks. A lot of buyers are picking up electric car stocks as we head into February. Amazon CEO Jeff Bezos is stepping down as CEO, marking one of the most historic eras in American business history ever.
After years of running Amazon, I think it’s time for Bezos to give someone else a chance and focus on his other projects. Kudos to him.
Here are the stocks I’m watching today:
Arcimoto (FUV) - FUV stock is soaring although I haven’t seen any news or updates. EV stocks are soaring and I expect a small pullback in FUV stock today. I like the long term vision for Arcimoto though.
Lucid Motors (CCIV) - Lucid Motors hasn’t officially announced a merger with CCIV although the stock has already tripled since rumors leaked. I mentioned CCIV at around $13 and the stock has really run up big. The Lucid Air is a serious competitor to Tesla and will deliver its first batch of vehicles this year.
Uber (UBER) - Uber purchased an alcohol delivery app called Drizly for $1.1 billion. Uber stock is up big as the company sells off non-core businesses and has gone all in on the delivery business. I still like Uber so nothing new here. I bought more Uber stock yesterday to continue building my position.
Canoo (GOEV) - While everyone is excited about Lucid Motors, I think Canoo deserves a serious look. Cars aren’t being built for self-driving technology but we will be able to work, sleep, and hang out in our cars once autonomous driving turns mainstream. Canoo makes vehicles that you can almost “live in”. I think GOEV stock is still pretty cheap.
MicroStrategy (MSTR) - MicroStrategy bought more bitcoin and increased its holdings to over 71,000 Bitcoins. MSTR stock is one of the purest plays on Bitcoin crypto stocks if you don’t want to buy Bitcoin at an exchange like Coinbase.
That’s it for today. Follow me on Twitter to get more real time updates from me throughout the day.
I’ll be available in our private discord chat if you have any questions to ask me.
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