FFord Motor Company New York Stock Exchange
Ford Motor Company One American Road Dearborn MI, 48126 http://www.ford.comFord Motor Co manufactures, markets, and services Ford cars, trucks, sport utility vehicles, electronic vehicles, and Lincoln luxury vehicles. It also provides financial services through Ford Motor Credit Company.
- CEO: James P. Hackett
- Employees: 202,000
- Sector: Consumer Cyclical
- Industry: Autos
Latest news about the F
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- Surprise! These 2 Auto Stocks Are Beating Tesla This Year
There's no question that Tesla (NASDAQ: TSLA) dominated 2020. Shares of the leading electric vehicle maker jumped more than 700% as investors saw a tipping point in the electrification of the auto sector, and Tesla also hit its goal of delivering 500,000 vehicles while expanding production worldwide. There were plenty of other winners in the EV boom, including Chinese EV maker NIO and Workhorse Group, a maker of electric trucks.View More →
- Is Ford Stock A Buy Now, With Earnings Due Soon?
With earnings turning around in 2021 and the stock making a notable move, is Ford primed for a comeback? Here’s what you should know.View More →
- The World Is Dangerously Dependent on Taiwan for Semiconductors
(Bloomberg) -- As China pushes the world to avoid official dealings with Taiwan, leaders across the globe are realizing just how dependent they’ve become on the island democracy.Taiwan, which China regards as a province, is being courted for its capacity to make leading-edge computer chips. That’s mostly down to Taiwan Semiconductor Manufacturing Co., the world’s largest foundry and go-to producer of chips for Apple Inc. smartphones, artificial intelligence and high-performance computing.Taiwan’s role in the world economy largely existed below the radar, until it came to recent prominence as the auto industry suffered shortfalls in chips used for everything from parking sensors to reducing emissions. With carmakers including Germany’s Volkswagen AG, Ford Motor Co. of the U.S. and Japan’s Toyota Motor Corp. forced to halt production and idle plants, Taiwan’s importance has suddenly become too big to ignore.U.S., European and Japanese automakers are lobbying their governments for help, with Taiwan and TSMC being asked to step in. Chancellor Angela Merkel and President Emmanuel Macron discussed the potential for shortages last year and agreed on the need to accelerate Europe’s push to develop its own chip industry, according to a French official with knowledge of the matter.The auto industry’s pleas illustrate how TSMC’s chip-making skills have handed Taiwan political and economic leverage in a world where technology is being enlisted in the great power rivalry between the U.S. and China -- a standoff unlikely to ease under the administration of Joe Biden.Taiwan’s grip on the semiconductor business -- despite being under constant threat of invasion by Beijing -- also represents a choke point in the global supply chain that’s giving new urgency to plans from Tokyo to Washington and Beijing to increase self-reliance.By dominating the U.S.-developed model of outsourcing chip manufacture, Taiwan “is potentially the most critical single point of failure in the entire semiconductor value chain,” said Jan-Peter Kleinhans, director of the technology and geopolitics project at Berlin-based think tank Stiftung Neue Verantwortung. The Trump administration exploited that pinch point to deny Beijing access to technology. By banning access to all U.S. chip technology including design, it was able to cut off the supply of semiconductors from TSMC and other foundries to Huawei Technologies, hobbling the advance of China’s biggest tech company.It also negotiated with TSMC to establish a $12 billion chip fabrication plant in Arizona. South Korea’s Samsung Electronics Co. is set to follow, with a $10 billion facility in Austin, Texas.The “CHIPS for America Act” introduced to Congress last year aims to encourage more plants to be established in the U.S. Michael McCaul, a Texas Republican, plans to reintroduce the bipartisan bill this year with a view to securing $25 billion in federal funds and tax incentives. McCaul said in a statement he’s working with colleagues in the House and Senate “to prioritize getting the remaining provisions of CHIPS signed into law as quickly as possible.”News that Intel Corp., the onetime industry leader, was considering outsourcing production of some chips to TSMC under its former CEO underscored the need for a U.S. player that can fabricate at the leading edge, said a member of the Foreign Affairs Committee staff who is not authorized to speak publicly.The European Union aims to bolster the bloc’s “technological sovereignty” through an alliance armed initially with as much as 30 billion euros ($36 billion) of public-private investment to raise Europe’s share of the global chip market to 20% (without a target date) from less than 10% now.It’s also encouraging Taiwan to increase investments in the 27-nation bloc, with some success. GlobalWafers Co. -- based in TSMC’s hometown of Hsinchu -- just boosted its offer for Germany’s Siltronic AG to value the company at 4.4 billion euros, an acquisition that would create the world’s largest silicon wafer maker by revenue.That’s not to say Taiwan is the only player in the semiconductor supply chain. The U.S. still holds dominant positions, notably in chip design and electronic software tools; ASML Holding NV of the Netherlands has a monopoly on the machines needed to fabricate the best chips; Japan is a key supplier of equipment, chemicals and wafers.But as the emphasis shifts to ever smaller, more powerful chips that require less energy, TSMC is increasingly in a field of its own. And it’s helped Taiwan form a comprehensive ecosystem around it: ASE Technology Holding is the world’s top chip assembler, while MediaTek has become the largest smartphone chipset vendor.Tokyo, too, is attempting to attract TSMC to set up in Japan. With 110 billion yen ($1 billion) earmarked last year for R&D investment and another 90 billion yen for 2021, some of that may go to a TSMC facility, which reports have said the company is considering setting up in Japan.“TSMC is becoming more and more dominant,” said Kazumi Nishikawa, an official working on technology issues at Japan’s Economy Ministry. “This is something everybody in the chip industry must find a way to deal with.”China, in its five-year plan presented in October, is channeling help to the chip industry and other key technologies to the tune of $1.4 trillion through 2025. Yet even that kind of money doesn’t negate the need for Taiwan. Indeed, China has long tapped the island for chip-making talent; two key executives at China’s top chipmaker, Semiconductor Manufacturing International Corp., used to work at TSMC: co-Chief Executive Officer Liang Mong Song and Vice Chairman Chiang Shang-yi.But with Washington stymieing China’s progress, there is also speculation that Beijing could resort to stealing chip IP, with Taiwan at the heart of those endeavors.Taiwanese cyber security firm TeamT5 has observed a steady increase in attacks on the island’s chip industry corresponding to the tightening of U.S. export controls on China. While it’s not always possible to know if these are Chinese state actors, “they are all attacking the Taiwanese semiconductor industry,” Shui Lee, a T5 cyber threat analyst, said.Fellow analyst Linda Kuo said the Taiwanese government was alarmed by a ransomware attack on TSMC in 2018 and had announced plans for some $500 million to help the industry become more aware of cyber security issues.The greater worry is that TSMC’s chip factories could become collateral damage if China were to make good on threats to invade Taiwan if it moves toward independence.TSMC's capital spending of as much as $28 billion for this year suggests it's going to stay out in front.“Taiwan is the center of gravity of Chinese security policy,” said Mathieu Duchatel, director of the Asia program at the Institut Montaigne in Paris. Yet while Taiwan’s status in the global chip supply chain is a “huge strategic value,” it’s also a powerful reason for Beijing to stay away, said Duchatel, who’s just published a policy paper on China’s push for semiconductors.Assuming Taiwanese forces were to be overwhelmed during an invasion, “there is no reason why they would leave these facilities intact,” he said. And preserving the world’s most advanced fabs “is in the interests of everyone.”For all the moves to reel back domestic chip fabrication, it’s optimistic to think the supply chain for such a complex product as semiconductors could change in short order, Peter Wennink, ASML chief executive officer, told Bloomberg TV. “If you want to reallocate semiconductor build capacity, manufacturing capacity, you have to think in years,” he said.In the meantime, geopolitics means chip shortages could become a more regular occurrence, according to Joerg Wuttke, president of the EU Chamber of Commerce in China.“This is going to move on to the point where actually because of export controls, because of governmental intervention, there will be all of a sudden supply chain disruptions not just because of capacity problems,” he told Bloomberg Television. “So better get prepared.” For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.View More →
- Ford Design Chief Callum to Retire; Renault's Lo Is Successor
Ford's top design executive, Moray Callum, is set to retire, and in April Renault's Anthony Lo will succeed him.View More →
- Understanding Ford Motor's Unusual Options Activity
Ford Motor (NYSE:F) shares experienced unusual options activity on Monday. The stock price moved down to $11.44 following the option alert. * Sentiment: BEARISH * Option Type: SWEEP * Trade Type: PUT * Expiration Date: 2022-01-21 * Strike Price: $10.00 * Volume: 514 * Open Interest: 28186Three Signs Of Unusual Options Activity Exceptionally large volume (compared to historical averages) is one reason for which options market activity can be considered unusual. The volume of options activity refers to the number of contracts traded over a given time period. The number of contracts that have been traded, but not yet closed by either counterparty, is called open interest. A contract cannot be considered closed until there exists both a buyer and seller for it.The trading of a contract with an expiration date in the distant future is another sign of unusual activity. Generally, additional time until a contract expires increases the potential for it to reach its strike price and grow its time value. Time value is important in this context because it represents the difference between the strike price and the value of the underlying asset.Contracts with a strike price far from the underlying price are also considered unusual because they are defined as being "out of the money". This occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. These trades are made because the underlying asset value is expected to change dramatically in the future, and the buyer or seller can take advantage of a greater profit margin.Understanding Sentiment Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price.Although the activity is suggestive of these strategies, these observations are made without knowing the investor's true intentions when purchasing these options contracts. An observer cannot be sure if the bettor is playing the contract outright or if they're hedging a large underlying position in a common stock. For the latter case, the exposure a large investor has on their short position in common stock may be more meaningful than bullish options activity.Using These Options Strategies Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.For more information to understand options alerts, visit https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alertsSee more from Benzinga * Click here for options trades from Benzinga * 10 Consumer Discretionary Stocks With Unusual Options Alerts In Today's Session * Benzinga's Top Ratings Upgrades, Downgrades For January 22, 2021(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.View More →
- Stellar Model 3/Y Deliveries to Buoy Tesla's (TSLA) Q4 Earnings
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- Company News for Jan 25, 2021
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- Auto Stock Roundup: GM, PCAR & GELLY Beef Up AV Capabilities, and More
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- Tesla Cybertruck Loses Out To Ford F-150 In Cox Survey Of US Pickup Buyers
Ford Motor Company's (NYSE: F) all-electric F-150 is the more popular choice among buyers in the United States than Tesla Inc's (NASDAQ: TSLA) Cybertruck, according to research by Cox Automotive.What Happened: The study based on 155 in-market consumers was published last week and concluded that three in five consumers found the F-150 pickup truck appealing -- which Cox attributed to familiarity.The respondents were shown images of each vehicle, without brand and model indicators and minus product details.Ford was popular among those surveyed in terms of appeal, winning over 59% of the respondents. General Motors Company (NYSE: GM) Hummer Electric Vehicle took second place at 41%.Amazon.com, Inc (NASDAQ: AMZN) and Ford-backed Rivian came ahead of Tesla at 39%. The Elon Musk-led automaker's Cybertruck came in at the last spot at 19%. In terms of consideration, Ford led the pack at 45%, with three-quarters of respondents likely to consider the vehicle. Tesla came in second at 32%, Hummer at 28%, and Rivian at 25%."Tesla and Rivian R1T scored well with younger buyers, and Rivian performed well among female buyers as well," said Vanessa Ton, senior manager, Cox Automotive.Why It Matters: The non-traditional look of the Tesla Cybertruck didn't impress potential buyers, according to the study.Price, performance, design, and size matter the most to potential EV truck customers, while the brand name and work use were the least important."Ford leads in every attribute except tech advanced, where Hummer and Rivian are nearly tied for the lead," according to Cox Automotive.See Also: Ford's Electric F-150 Coming In 2022, Over-The-Air Updates PlannedTesla was ranked the lowest among important attributes that matter the most to pickup truck shoppers, as per the study.See Also: Jay Leno Takes Elon Musk For A Drive In A Tesla CybertruckPrice Action: Ford shares closed mostly unchanged on Friday at $11.52 and gained 0.43% in the after-hours session. On the same day, Tesla shares closed 0.2% higher at $846.44 and gained 0.1% in the after-hours session. Click here to check out Benzinga's EV Hub for the latest electric vehicles news.See more from Benzinga * Click here for options trades from Benzinga * Tesla 'Not A Competitor At All' In Self-Driving Space, Says Waymo CEO * Tesla Secures Top Spot In JD Power's Survey Of Premium EV Owners(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.View More →
- How Much Does the U.S. Import From Mexico?
Mexico is one of the United States' largest trading partner, with nearly $1.7 billion in products and services crossing the U.S.-Mexico border every day. Although President Trump called off his administration's plan to impose tariffs on Mexican imports only nine days after it was announced at the end of May 2019, the threat of the tax shed light on the trading relationship between the two countries and the sheer amount of goods that flow into the U.S. from Mexico every day. A tax levied on U.S. imports from Mexico would have impacted the price of everything from cucumbers to cars, televisions, refrigerators, and alcohol.View More →
- Benzinga's Weekly Bulls And Bears: Eli Lilly, Ford, GameStop, Intel, McDonald's And More
* Benzinga has examined the prospects for many investor favorite stocks over the past week. * The week's bullish calls included aerospace, automaker and pharmaceutical giants. * A leading semiconductor maker and a struggling retailer were among the bearish calls.In a week when much of the nation's attention was on the inauguration of the new president, the main U.S. indexes saw gains, led by the Nasdaq's more than 4% rise. The new administration came out swinging, and it seemed the markets were optimistic. One tech giant even offered to lend a hand to the administration.Meanwhile, earnings reporting season was in full swing, bringing one winner and another last week, but there were big disappointments as well.Elsewhere in corporate America, an aerospace giant scored a big win, the big automakers were positioning themselves for the future, and another video streaming option is preparing to launch.Bitcoin investors watched the cryptocurrency plunge last week as well.Through it all, Benzinga continued to examine the prospects for many of the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.Bulls Priya Nigam's "Berenberg Upgrades Boeing On 737 Max Prospects" discusses how the worst seems to be in the rearview mirror for the 737 Max and what that means for Boeing Co (NYSE: BA) going forward. See why cash generation should greatly improve beginning in 2022.A great week for Ford Motor Company (NYSE: F) got even better on Friday when the stock got a major upgrade from a big name Wall Street bank. Read more about that in Wayne Duggan's "JPMorgan Upgrades Ford: 'Incoming Tide Of Hot New Products'." Find out what factors are working in the automaker's favor."Lilly Awash In Catalysts, Pipeline Updates, Mizuho Says In Upgrade" by Shanthi Rexaline examines why initial top-line data suggests potential for its Alzheimer's treatment to add significant upside to the Eli Lilly And Co (NYSE: LLY) story. Plus, uncertainties related to the U.S. presidential election are now in the past.In Jayson Derrick's "3 Fast-Food Stocks To Own Right Now: Coffee, Pizza And Mickey D's," see why investors seeking exposure to the restaurant space now may want to consider McDonald's Corp (NYSE: MCD) and a couple of other masters of the fast-food experience.In "DraftKings Could Beat Revenue Estimates By 25% Over Next 4 Years: Morgan Stanley," Chris Katje is focused on what the improvement in sports betting and internet gambling means for shares of DraftKings Inc (NASDAQ: DKNG), according to the featured analyst.For additional bullish calls of the past week, also have a look at the following: * After The Hottest Year On Record, 3 Stock Ideas That Are Green For The Planet * Schaeffer's Investment Research: Top 2 Contrarian Stock Picks For 2021 * JPMorgan On Finance Stocks In 2021: Why It's Bullish On Credit Cards, Cautious On MortgagesBears Shanthi Rexaline's "8 Intel Analysts On Q4 Report: Why Some See Difficult Years Ahead For Chipmaker" shows which analysts see earnings stagnation at Intel Corporation (NASDAQ: INTC) and which project it will take years for the company to set right what's wrong.In Wayne Duggan's "Citron's Andrew Left Says GameStop Is 'Pretty Much In Terminal Decline'," see why this famous short seller sees shares of struggling retailer GameStop Corp. (NYSE: GME) dropping to around $20 apiece in the near future.MGM Resorts International (NYSE: MGM) struggles with a complex corporate structure and it lags its peers in certain respects, according to "Bearish MGM Analyst Sees Less Sports Betting Upside Opportunity For Casino Giant" by Priya Nigam."Beyond Meat Analyst: Attractive Growth Story Takes Back Seat To Valuation Concerns" by Jayson Derrick makes the case that the valuation makes it difficult to justify buying Beyond Meat Inc (NASDAQ: BYND) stock now, despite the company's long-term prospects.For more bearish takes, be sure to check out these posts: * Tesla, Bitcoin More Likely To Halve Than Double Value In 2021: Deutsche Bank Survey * UBS On Internet Stocks: Chewy, Fiverr, Peleton Downgraded To Sell, Take-Two Interactive To NeutralAt the time of this writing, the author had no position in the mentioned equities.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.See more from Benzinga * Click here for options trades from Benzinga * Barron's Picks And Pans: Exxon Mobil, GameStop, Intel, 3M, Toll Brothers And More * Notable Insider Buys Of The Past Week: Conagra Brands Plus Plenty Of Biotech Activity(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.View More →
- 3 Stock Picks for Former President Trump
Joe Biden has been sworn in as the 46th president of the United States. Here's why three Fool.com contributors would recommend now private citizen Donald Trump consider General Dynamics, Ford Motor (NYSE: F), and Amazon.com (NASDAQ: AMZN) if he does decide to open a brokerage account in the weeks to come. Can I interest you in a new Gulfstream, Mr. Trump?View More →
- GM and Ford Stock Finally Capture Some of Tesla’s Heat. Why This Is Only the Beginning.
Investors are finally giving these traditional auto makers credit for their electric-vehicle and autonomous-driving investments. It’s their best start to the year since 1987.View More →
- Old Car Brands Emerge in a New Packaging to Compete in a World Fixated on Tesla
Analysts are positive about Stellantis, the name of a new auto maker formed from the merger of Fiat Chrysler and Peugeot. But the company, while cost cutting, will need to talk about its electric-vehicle plans.View More →
- Now May Not Be a Good Time to Charge Into Switchback Energy
Switchback Energy (NYSE:SBE), which will trade as ChargePoint under the ticker CHPT starting next month, is reportedly the unquestioned leader in electric-vehicle charging. That’s why some feel like SBE stock is a no-brainer investment. Source: Michael Vi / Shutterstock.com But is it? As the merger between the special purpose acquisition company (SPAC) and the California-based ChargePoint approaches fruition, that is what investors are being told.InvestorPlace - Stock Market News, Stock Advice & Trading Tips After all, ChargePoint has the largest independent network of charging stations in the world right now. It also has a first-mover advantage in that space, according to Switchback CEO, CFO and Director Scott McNeill. He argues that the sector will be worth $190 billion in 2030 and that ChargePoint will have a huge piece of it. But will it? SBE Stock, EV Charging and What You’re Charged On one hand, ChargePoint does have an expansive network of charging stations. But most of them are so-called “Level 2” stations which use 240-volt equipment to recharge a car overnight. They’re a convenience, providing a few miles of range for EV owners while they’re having meals. Now, that’s not to say ChargePoint doesn’t make fast chargers. It has its DC Fast chargers. However, out of over 121,000 charging locations, just over 400 have DC Fast equipment, which are branded as Express and ExpressPlus. The 7 Best Stocks To Buy In The Dow Jones Today What’s more, ChargePoint doesn’t have fast-charging to itself. For example, Tesla’s (NASDAQ:TSLA) SuperChargers have similar capabilities. That network is proprietary, but it can be made to work with other cars. In fact, all a driver seems to need to charge a non-Tesla car with a SuperCharger is an adapter. To that end, an Australian company called Tritium is offering a work-around, called Plug and Charge. And while that doesn’t work with all cars, there are also myriad adapters, dongles and toll-free numbers to call for non-Tesla EV owners to buy some juice. That said, the best way to recharge an electric car — even a Tesla — is to do it at home. For instance, a Tesla Supercharger costs about twice as much as electricity at home, making the cost of driving an EV close to that of a gas-powered vehicle. All this means you need to take ChargePoint’s projections with a grain of salt. Tesla will be a competitor. So will Volkswagen (OTCMKTS:VWAGY), which has a network called Electrify America as well as stations in Europe. Needless to say, SBE stock is facing much more competition than it lets on. Room for Optimism Some investors have been able to recognize the complexity of ChargePoint’s task. Between Christmas and Jan. 4, shares in SBE stock plunged well over 20%. Tyler Craig called Switchback’s decline a golden opportunity and the shares have indeed recouped most of the loss. However, investors who own or are considering buying Switchback Energy may want to conduct more research on ChargePoint, as InvestorPlace contributor Mark Hake wrote a week ago. The company’s chargers are mostly 120 volts or 240 volts. DC Fast charger run at 480 volts and 100 amps. That’s what’s needed to get that 100 miles of range within half an hour. Finally, InvestorPlace columnist Todd Shriber says “political catalysts” created the early excitement about SBE and such catalysts aren’t necessarily reliable. Still, he likes that ChargePoint is an established company that doesn’t need the money from its upcoming merger with Switchback Energy to keep growing. Bottom Line I want my next car to be electric. Right now, legacy car companies like Ford Motor (NYSE:F) are busy entering the EV market to get into gear against startups like Lordstown Motors (NASDAQ:RIDE) and Fisker (NYSE:FSR). So, the wind is at the EV industry’s back. However, standards must be established and consumers have to be educated. Electric charging won’t be like filling up at a gas station — and probably not for a decade. What this tells me is that there will be plenty of dips in SBE stock and ChargePoint to buy. And just because the company has a large charging network does not guarantee that it will win the race. On the date of publication, Dana Blankenhorn did not have (either directly or indirectly) any positions in the securities mentioned in this article. Dana Blankenhorn has been a financial and technology journalist since 1978. He is the author of Technology’s Big Bang: Yesterday, Today and Tomorrow with Moore’s Law, essays on technology available at the Amazon Kindle store. Follow him on Twitter at @danablankenhorn More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. The post Now May Not Be a Good Time to Charge Into Switchback Energy appeared first on InvestorPlace.View More →
- XL Fleet Is Ready to Meet the New Focus on Climate Change
XL Fleet (NYSE:XL) is one of the companies that went public via a special purpose acquisition company (SPAC) in 2020. XL stock is trading on the New York Stock Exchange. After climbing to more than $32 per share in December 2020, the stock has been steadily declining. Source: Pasuwan/ShutterStock.com That’s not unusual for newly public companies. And trading at around $18 per share as of this writing, investors seem to be following the advice of CNBC’s Jim Cramer. The host of the network’s Mad Money suggested the stock may have been a steal at $15 but cautioned them not to chase it above $20. But I’m getting ahead of myself. If you’re like me, you may be late to the party on XL Fleet. The company competes in the electric vehicle sector. XL Fleet manufactures hybrid and plug-in powertrains that can transition traditional gas-powered vehicles into hybrids.InvestorPlace - Stock Market News, Stock Advice & Trading Tips XL Fleet has other competitors in this arena, notably Hyliion (NYSE:HYLN). When I wrote about Hyliion in January I said that the story was just getting interesting. In the case of XL Fleet, the company’s products are already being used in select Ford (NYSE:F), General Motors (NYSE:GM) and Isuzu (OTCMKTS:ISUZY) fleet trucks. 7 Great Sub-$20 Stocks to Buy After Inauguration Day This gives XL Fleet some interesting case studies that makes XL stock an intriguing play particularly as the environment is about to become a hot topic again. Climate for EVs Is Changing As the curtain rises on the Biden administration, climate change is making a return to the stage. In fact, probably by the time you read this the United States will have re-entered the Paris Climate Accord. But a couple of interesting things happened since the previous president took the oath of office. First, the global pandemic led to a 10% drop in greenhouse gas emissions, the largest annual drop since World War II, according to the Rhodium Group. But the group warns that this is largely a one-off based on the lockdowns. Fair enough, but consider this as well. According to the Environmental Protection Agency (EPA) carbon emissions in the U.S. steadily decreased over the past few years. In terms of raw carbon emissions reduction, the United States is outpacing every other country in the world. And even though our emissions have not fallen as much on a percentage basis, it still suggests that the United States hasn’t been ignoring the environment. I’m not trying to make a political statement about climate change. My takeaway is that our country’s transition to a carbon neutral future is happening because technology has risen to meet the challenge. The reality is that a movement away from fossil fuels is potentially big business. And that is great news for investors in XL Fleet. The Story of XL Stock Is Being Written It’s not unusual for stocks to become volatile after going public. This has been particularly true of companies that came to market via a SPAC. As such, my advice is to nibble now and look to buy more when the lock-up period ends. In the case of XL Fleet, its lock-up agreement could be as long as 12 months from the consummation of the merger (December of this year). However, the language in the company’s 8-K filed with the Securities & Exchange Commission suggests that the lock-up period could end in early summer if the XL stock price closes above $15 for 20 consecutive trading days in a 30-day trading period. The good news is that more time allows for more to be known about the company and its plans. And that’s good advice for any of these SPAC stocks. On the date of publication Chris Markoch did not have (either directly or indirectly) any positions in the securities mentioned in this article. Chris Markoch is a freelance financial copywriter who has been covering the market for seven years. He has been writing for Investor Place since 2019. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. The post XL Fleet Is Ready to Meet the New Focus on Climate Change appeared first on InvestorPlace.View More →