Hey Tesla, Scooch Over
As major automakers get ready to roll out their own electric vehicles in the coming quarters, Canadian carmaker Electra Meccanica is betting on a potentially sizable market.
Electra Meccanica already produces a roadster and a sports car, but it has also just begun rolling out a three-wheeled, one-seater electric vehicle, called the Solo, that CEO Jerry Kroll told TheStreet's Annie Gaus is ideal for the 83% of commuters who ride by themselves.
"In the United States alone, that's 140 million people," Kroll told TheStreet.
It's Time to Buy Into the Retail Comeback
Action Alerts PLUS charitable trust portfolio manager Jim Cramer identified five themes investors should look out for in the first quarter during his monthly conference call with AAP members this week.
TheStreet's Tony Owusu reported that Cramer's first theme identified the retail sector as the sleeper segment investors should expect to breakout in the coming months as headwinds that have slowed growth begin to dissipate.
That recovery has already begun, with the SPDR S&P Retail ETF (XRT) gaining more than 10% since the start of the year on the back of strong holiday season earnings results across the sector.
Cramer's Got Some Stocks to Love
Jim Cramer listed the five stocks to love on Valentine's day. Cramer said that he'd pick the FAANG stocks.
He picked FAANG because he believes the government shutdown has created an IPO overhang that could impact FAANG stocks, since investors will sell their FAANG shares to buy into companies such as Uber or Lyft.