Electric vehicle stocks rally as Europe and China developments look favorable
The electric vehicle sector is racing higher in early trading as investors drift back into some recently beaten-down names.Gainers include Lordstown Motors, Workhorse Group, Nikola, Canoo, Blink Charging, QuantumScapeand Nio.Positive reports on China EV sales trends and a move by the European Commission to look at banning internal combustion engine vehicles after 2035 could be helping sentiment in the sector.Teslais also tracking higher as Morgan Stanley pitched the long-term upside from the com
When Big Tech Stumbles, the Market Can Fall Hard. These 5 Funds Can Help.
It is possible to have too much of a good thing. After riding five megacap technology stocks to new highs after new highs, investors’ portfolios may be uncomfortably concentrated in these winners at a time that some strategists see a potential turn ahead in the markets.Investors’ portfolios are chock-full of these stocks, leaving them less diversified for a possible turn in the market. These companies are already beginning to slow down. Take Amazon, which accounts for roughly 4% of the S&P 500—m