On my Sunday watchlist, I shared a stock in a brewing hot sector…
And it’s already up 15% since my watchlist went out!
This could be a potential swing trade…
And it could spark other stocks in the sector.
If you think the previous EV stock run was crazy — this could be the future…
So today I’m diving deep into this sector, sharing who is dumping $10 million into this tiny stock…
Plus, I give you four other stocks in the sector to watch.
Let’s go!
Why I’m Watching This Brewing Hot Sector
Flashback to the 1980s and everyone thought we’d have flying cars by the year 2000. Yet here we are in 2023 and we’re still driving gas-powered cars and flying in commercial planes powered by jet fuel.
But that could all change soon…
Electric vehicles are solidifying themselves in the automotive landscape. Tesla’s are seen on the road more and more, and there is increasing competition in the electric vehicle market.
XPeng Inc. (NYSE: XPEV) just spiked yesterday after a Bank of America analyst upgraded the stock to a buy, citing its autonomous driving deal with Volkswagen. The stock was on Oracle and followed the lines beautifully…
XPEV chart: 1-day, 5-minute candle — courtesy of StocksToTrade.com
But I want to talk about the next step…
Forget about jumping in your car every morning or calling an Uber to get to work…
Soon you’ll be able to call an eVTOL riding-sharing flight. That’s what Archer Aviation Inc. (NYSE: ACHR) plans to offer in the future.
The company has received a $10 million pre-delivery payment from United Airlines for 100 aircraft.
ARK Investment Management LLC (ARK) and The Boeing Company (NYSE: BA) are also investors.
These are the reasons I had ACHR on my weekly watchlist. I said to watch for breaks above $7 which would also be new 52-week highs.
The stock made that move yesterday…
But there was also a way you could’ve gotten in earlier.
ACHR was on Oracle yesterday morning with a signal entry price of $6.53.
ACHR chart: 1-day, 5-minute candle — courtesy of StocksToTrade.com
It made a high of $7.47 for a 14% move.
Here’s why ACHR is a potential swing trade candidate:
- It’s trading higher than the average volume.
- It broke out to new 52-week highs.
- Uptrending daily chart.
- Has news.
- Has big investors.
These are all criteria I look for in swing trade candidates. Learn how to swing trade here.
ACHR held the $7 breakout level into the close yesterday so that could be an area to play off if you missed the breakout. Or you can look for weak open red-to-green moves.
If this stock continues to climb, I’ll also be watching for other stocks in the sector to start dropping press releases and have some big moves on high volume.
Four eVOTL Stocks to Watch
Other eVTOL stocks to watch include:
- Joby Aviation, Inc. (NYSE: JOBY)
- Vertical Aerospace Ltd. (NYSE: EVTL)
- EHang Holdings Limited (NASDAQ: EH)
- Blade Air Mobility, Inc. (NASDAQ: BLDE)
Make your watchlist or spreadsheet now so you’re ready if this sector heats up. Keep your eyes on the news and wait for volume.
How to Find Hot Sectors
If you want to stay on top of the hottest sectors and sectors you have to stay on top of what’s happening in the market. StocksToTrade can help…
My team and I go live every single day to show you the hottest stocks on Oracle and around the market. Plus, we give you a game plan to trade them.
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Have a great day everyone. See you back here tomorrow.
Tim Bohen
Lead Trainer, StocksToTrade