Headline over the weekend:
“GM, Other Big Automakers Form EV Charging Joint Venture”
Tesla (TSLA) is the dominant player in the EV space. As such, and with its supercharger network, several car companies have teamed up with Tesla for their charging stations.
To see more EV sales all around, drivers need to see more charging stations in better and more accessible locations. Naturally, this got us thinking about what these charging stations will need to get built and to sustain. So, we went to ChatGPT.
Electric Vehicle (EV) charging stations require a variety of raw materials and manufactured goods to be constructed. The components of EV charging stations can vary depending on the type and charging level (e.g., Level 1, Level 2, DC fast chargers) of the station. Below are some common raw materials and manufactured goods used in the construction of EV charging stations:
Electric Components:
Power electronics: Power converters, inverters, and rectifiers.
Electric cables and wiring: Copper and other conductive materials for carrying electricity from the power source to the vehicle.
Circuit breakers and fuses: Safety components that protect the station from overloads and short circuits.
Charging Plugs and Connectors: The plugs and connectors that fit into the EVs charging port. These are usually made of durable materials like thermoplastics and metals.
Charging Infrastructure Enclosures: The outer casing or enclosure of the charging station, typically made of metal or plastic.
Display and User Interface: Screens, buttons, and interactive interfaces to guide users and display charging information.
Mounting and Installation Hardware: Brackets, nuts, bolts, and other hardware needed for installation.
Cabling and Conduits: Cables for power supply and conduits for cable management and protection.
Communication and Networking Equipment: Devices for enabling communication between the charging station and the user, as well as with network systems for monitoring and management.
Safety and Security Features: Grounding systems and lightning protection devices. Access controls and security measures.
Cooling Systems: Fans or cooling mechanisms to regulate the temperature of internal components.
Foundation Materials: Concrete or other foundation materials to anchor the charging station securely to the ground.
Signage and Branding: External signage and branding elements to indicate the charging station’s presence and ownership.
That makes quite a long list of potential companies to invest in. We asked GPT to identify which publicly traded companies make the raw materials and manufactured goods for EV charging stations. ChatGPT gave us a few, and we are researching others as well.
Siemens (AG): A multinational conglomerate that offers various electrical and electronic products, including components for EV charging stations.
Phase: Recuperation
Leadership: Outperforming Benchmark
Momentum: No divergence-needs to clear Bollinger Band
Schneider Electric (SE): A multinational corporation specializing in energy management and automation solutions, including electric vehicle charging infrastructure.
Phase: Accumulation
Leadership: Outperforming Benchmark
Momentum: No divergence-needs to clear Bollinger Band
TE Connectivity Ltd. (TEL): A company that designs and manufactures connectivity and sensor solutions, including products used in electric vehicle charging systems.
Phase: Bullish
Leadership: Underperforming Benchmark
Momentum: Bullish divergence-in a bullish phase-consolidation
We will be watching for more picks. In case you missed it, the link to the coaching session here.
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Mish in the Media
This has been a very heavy week with the Fed meeting, tons of earnings, and, not to mention, all of the geopolitical issues around the world. Something that Mish has been thinking a lot about is store houses for raw materials, the places that actually hold every kind of raw material from mining, commodity trading houses etc. Mish dives into the stocks she’s looking at on the Wednesday, July 26 edition of StockCharts TV’s Your Daily Five.
Mish looks at a selection of popular instruments and outlines their possible direction of travel in this video from CMC Markets.
In this episode of The Breakfast Show from Money FM 89.3 Singapore, Mish makes sense of the recent resilience and worrisome trends in the market, delving on the various factors driving consumer confidence in the face of rising rates and inflation, the impact of A.I.-driven companies, and the ongoing geopolitical risks on commodities and equities.
Mish talks PCE inflation picks in this video from Business First AM.
Mish covers gold, oil, grains and the SPX — all actionable — in this video from CMC Markets.
Mish discusses recession, inflation, and AI picks on the open with BNN Bloomberg.
Mish and Angela Miles discuss the next moves for your money on Business First AM.
Mish talks her approach to being a professional trader in this Options Insight interview with Imran Lakha.
Nicole Petallides and Mish discuss crypto, basic materials, inflation and gold in this appearance on TD Ameritrade.
Mish and Ash Bennington cover a lot in this video from Real Vision, discussing everything from the Fed, to inflation, to the incredible move in stocks and what is next.
Mish talks day-trading tactics, currency pairs, gold, oil, and sugar futures in this video from CMC Markets.
Mish and Angie Miles talk tech, small caps and one new stock in this appearance on Business First AM.
Mish examines the old adage “Don’t Fight the Fed” in this interview on Business First AM.
Mish and Charles Payne talk the Fed, CPI, Inflation, yields, bonds and sectors she likes on Fox Business’ Making Money with Charles Payne.
Mish, Brad Smith and Diane King Hall discuss and project on topics like earnings, inflation, yield curve and market direction in this appearance on Yahoo Finance.
Coming Up:
August 1: Yahoo Finance
August 3: TD Ameritrade Macro Show
October 29-31: The Money Show
ETF Summary
S&P 500 (SPY): 452 July calendar range high now support.
Russell 2000 (IWM): 193 is the 23-month holy grail.
Dow (DIA): 35,000 support.
Nasdaq (QQQ): 384 pivotal based on the calendar range.
Regional Banks (KRE): Consolidating over its July calendar highs-positive
Semiconductors (SMH): Holds here ok; needs to clear 161. and under 147 trouble.
Transportation (IYT): 240 is the key underlying area of support.
Biotechnology (IBB): 128 support now to hold like to see it clear 130.
Retail (XRT): 67.40 the calendar range and pivotal.
Mish Schneider
MarketGauge.com
Director of Trading Research and Education