Electric cars will continue to be hot into 2018 with every major car maker getting into the game or expanding their plug-in lineup. There are numerous ways to play this sector, but many traders are focusing on the batteries – raw materials needed to make them and the companies who do. Here are a few related stocks I’ll have an eye on in 2018:
TSLA – I’ve traded in and out of TSLA a few times and love the idea of what Tesla can be. When you package together SolarCity, the cars, and the Powerwall, you get a real ecosystem that will be the norm at some point in the future. Think about how nice it would be to capture solar power through your home’s shingles and sell what you don’t use to other energy users. However, TSLA has a long way to go before it’s profitable, so I trade TSLA on news and technicals with tight stops.
FMC – lithium producer
ALB – lithium producer
SQM – lithium producer
PCRFY – lithium-ion battery producer
NVDA – autonomous cars and new partnerships with many auto manufacturers
LIT – lithium ETF
LIXXF – lithium producer
GXY – lithium producer (Australia)
PLS – lithium producer (Australia)
FCX – cobalt, copper producer
GLCNF – cobalt producer
SCCO – copper producer
BHP – copper producer
SBGL – palladium (emissions controls)
