EV Penny Stock Picks, Strategy
Plus, Disney's plans for ESPN.
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EV Penny Stock Picks, Strategy
It might be a good time to check out under-the-radar electric vehicle penny stocks, says Alin Ybarra, the CEO and creator of the financial literacy platform Toilet Paper Hands, in a new episode of the Early Bird podcast.
Going Under: What are today’s under-the-radar stocks? For Ybarra, look no further than penny stocks because these are startups that are public and the investments are liquid.
State of the Sector: It’s been a rough year for electric vehicle stocks so far. Ybarra says that electric vehicles are still trying to find their niche. Thus, he says it is time to find undervalued stocks, which might be better than some of the more high-profile names. Lithium issues are also a negative factor this year in the sector.
Advice: Ybarra suggests that investors who are interested in electric vehicle penny stocks do their due diligence by reading through a company’s financial statements, checking for problems such as debt, and seeing who are the major financial backers.
Final Thoughts: What is Ybarra’s favorite electric vehicle penny stock right now? Find out in a new episode of the Early Bird podcast.
Notable Earnings Today: Oracle (NYSE: ORCL), Akoustis Technologies (Nasdaq: AKTS), ADS-TEC Energy (Nasdaq: ADSE), Matrix Service Company (Nasdaq: MTRX), Rent the Runway (Nasdaq: RENT), Planet Labs (NYSE: PL), Braze (Nasdaq: BRZE), Vince Holding (NYSE: VNCE), Erytech Pharma (Nasdaq: ERYP).
Notable IPOs Today: Lichen China Ltd (Nasdaq: LICN).
Notable Equity Crowdfunding Campaigns Ending Today: Sazi Foods (Netcapital), Loba Pastry + Coffee (Honeycomb), ProMusicLeague Records (PicMii).
Notable Economic Events Today: WASDE Report (12:00 p.m. ET).
Disney Won’t Sell ESPN
Amid calls from an activist investor to sell off ESPN, Walt Disney (NYSE: DIS) CEO Bob Chapek is now dismissing the suggestion.
Details: In an interview on Sunday with The Financial Times, Chapek said that Disney had been “deluged” with interest from companies seeking to buy ESPN earlier this year. Now, Chapek sees the potential of ESPN and has a plan to restore and grow the cable sports channel.
Background: Dan Loeb’s Third Point Hedge fund bought a $1 billion stake in Disney last month. Loeb wanted Disney to sell off ESPN because of the debt. After Chapek’s comments, Loeb has apparently toned down his desires to sell off ESPN in a tweet on Sunday.
Numbers: In the past decade, ESPN has lost nearly 24% of its subscribers. Cable sports are not as enticing as it once was in the past.
Stock Price: Disney’s stock is down 26% this year, including a 5% drop in the last 30 days.
Final Thoughts: Disney investors better hope that management turns ESPN around.
Equity Crowdfunding Spotlight: Phone2
Briefly describe your business. Phone2 helps manage calls and texts as a team with shared phone numbers. No more broken workflow. Think Slack, but with a telephone number.
What are the terms of the investment for your campaign? Raising $700k on a $5m post-money valuation. No discount. See Wefunder for details.
What makes your startup special? Cloud telephone software is growing 25% YoY. It's a $70b market!
Trends to Watch
No Help Needed: ‘Wall Street’ Doesn’t Need Bitcoin; Bitcoin Doesn’t Need ‘Wall Street’ (CoinDesk)
The Elephant in the Room: For Wall Street, a Strong Dollar Is Front and Center (The Wall Street Journal)
Winter is Coming: Oil prices could spike in winter, Yellen says (Reuters)
It is Upon Us: The Ethereum Merge Matters for Everyone in Crypto (Decrypt)
Optimism: Fuel-Shortage Risks Make Investors Bullish on Energy Stocks, Survey Shows (Bloomberg)
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