Biden’s looking to pass a $2.25t jobs and infrastructure plan and if he succeeds, the construction, renewable energy and other infrastructure-based industries could see billions in additional spending — and EV and infrastructure stocks stand to benefit.
But the road to passing it won’t be easy…
What happens when you jam Uber, Instacart and Square all into a single app? You get Grab — the super app of Southeast (SE) Asia.
On Apr. 13, Grab announced its plans to go public on the US stock market by merging with SPAC, Altimeter Growth Corp ($AGC) — valuing Grab at $39.5b.
Snap isn’t the disappearing chat app you once knew it to be.
With a focus on e-commerce/augmented reality (AR) and addiction with pumping out new products — Snap is positioning itself for years of rapid growth.
The third series in a trilogy is almost always the worst — but this time, Alibaba’s managed to break the rule.
On Apr. 9, Chinese regulators fined Alibaba $2.8b for its anti-competitive business practices (i.e. forcing merchants to sell exclusively on Alibaba). Investors were relieved to see investigations on its business coming to an end — sending Alibaba stock up over 9%.
In the pickup truck triopoly — 3 companies (GM, Ford and Stellantis) control 94% of the market.
Upstarts like Rivian, Tesla’s Cybertruck ($TSLA) and Lordstown Motors ($RIDE) are trying to break the market but General Motors isn’t about to let that happen.
On Apr. 6, GM made an announcement to build its electric Silverado pickup model in its Detroit plant — another push towards going electric in what has already been a killer year for GM’s stock.