Stock Power Daily — 1 “High-Risk” EV Manufacturer Can’t Compete

Stock Power Daily: February 14, 2023. [Turn Your Images On] --------------------------------------------------------------- Managing Editor’s note: This is your last chance to sign up for Adam O’Dell’s upcoming presentation on what he’s calling “The Next Big Short.” [Click here]( to add your name to the guest list and get ready for him to reveal his No. 1 stock later today at 1 p.m. Eastern. — Chad Stone --------------------------------------------------------------- [1 “High-Risk” EV Manufacturer Can’t Compete in Booming Market]( - The global electric vehicle (EV) market will grow more than 238% from 2021 to 2027. - Our Stock Power Ratings system helps you get ahead of the news to find stocks to buy … and ones to stay away from. - Today’s Stock to Avoid is a Chinese EV manufacturer that rates a terrible 1 out of 100 on our proprietary system. [Turn Your Images On] [Matt Clark, Research Analyst]( A recent National Review article caught my eye the other day. Western governments are [throwing money]( at the electric vehicle (EV) market. EV investment in the U.S. alone is substantial. There’s $5 billion for a national charging network … millions in taxpayer dollars to fund EV-battery manufacturing plants in the U.S. … and thousands in tax credits for EV purchases. Zooming out, data firm Mordor Intelligence calculates that the global EV market will grow more than 238% from 2021 to 2027. While this is a booming industry, our Stock Power Ratings system shows that not all EV manufacturers make great investments. And that’s especially the case with the stock I found for you today. [Click here to reveal its ticker and see why it’s facing a tough road ahead.]( [Turn Your Images On]( --------------------------------------------------------------- [Turn Your Images On]( [Big Data & AI Predict the No. 1 Investment of the 2020s]( The world’s largest investment fund is now using artificial intelligence (AI) and Big Data to zero in on the No. 1 investment of the 2020s. While analyzing over 2 billion data points, it found the No. 1 place to put your money over the next decade is the little-known technology I call “Imperium.” This new tech’s user base is growing at 5X the speed of the internet in the 1990s — and could dwarf the dot-com boom. [To get details of the No. 1 Imperium stock right now, click here.]( --------------------------------------------------------------- 401(k) Data Shows How Bad the Economy Is [Turn Your Images On] [Michael Carr, Editor, The Banyan Edge]( Millions of us rely on 401(k) plans for retirement income. We put money away today to enjoy secure retirement years — or even decades — from now. But the funds are always available in case of emergency. Unfortunately, the number of emergencies is rising sharply. According to research firm [Empower]( 1.3% of plan participants took a hardship withdrawal in 2022. While that's a small percentage, it's a 24% increase over the previous year. Participants with household income below $60,000 made a majority of withdrawals. These households accounted for 60% of withdrawals in the study. You can see how that trend rose since 2020 in the chart below. This is yet another sign of financial stress in the economy — and that stress is likely to continue. Furthermore, a survey by Empower found that 28% of plan participants are considering a loan or withdrawal in the next six months. Bottom line: This is another indicator of an economic slowdown that the low unemployment rate is hiding. [Turn Your Images On] [(Click here to view larger image.)]( --------------------------------------------------------------- Check Out the Latest From Stock Power Daily: - [DON’T GET TRAPPED WITH THIS CRUISE LINER STOCK]( - [FAKER OR MONEYMAKER? ROBLOX STOCK DEEP DIVE]( - [$4.7 TRILLION ERASED IN 2022 — WHAT’S NEXT]( Privacy Policy The Money & Markets, P.O. Box 8378, Delray Beach, FL 33482. To ensure that you receive future issues of Money & Markets, please add info@mb.moneyandmarkets.com to your address book or [whitelist]( within your spam settings. For customer service questions or issues, please contact us for assistance. The mailbox associated with this email address is not monitored, so please do not reply. Your feedback is very important to us so if you would like to contact us with a question or comment, please click here: [( Legal Notice: This work is based on what we've learned as financial journalists. 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