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7 Auto Stocks That Could Race to New Highs Going Into 2022

What an inspiration it has been to watch some auto stocks. Look at Tesla (NASDAQ:TSLA) as it has vaulted to a valuation that surpassed $1.2 trillion. Then…

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This article was originally published by Investor Place

What an inspiration it has been to watch some auto stocks. Look at Tesla (NASDAQ:TSLA) as it has vaulted to a valuation that surpassed $1.2 trillion. Then there’s Ford (NYSE:F), which is electrifying its fleet, reinstating its dividend and surging to its highest price in nearly a decade.

No one seems to talk about Ferrari (NYSE:RACE), but this stock has recently exploded to all-time highs, too.

But just because these stocks are doing well does not mean that all auto stocks are doing well. In fact, many are simply muddling along.

The question now becomes, can these stocks start to emulate Ford and Tesla or will they continue to struggle?

An even more timely question begs to ask whether these stocks can find a new round of bullish momentum going into 2022. Let’s look at seven auto stocks that could zoom higher before the end of the year.

  • General Motors (NYSE:GM)
  • Lucid Motors (NASDAQ:LCID)
  • Li Auto (NASDAQ:LI)
  • XPeng (NYSE:XPEV)
  • Nio (NYSE:NIO)
  • Toyota Motors (NYSE:TM)
  • Fisker (NYSE:FSR)

Top Auto Stocks to Buy: General Motors (GM)

General Motors (GM) sign with blue and white logo and brick building in backgroundSource: Jonathan Weiss / Shutterstock.com

For years, it’s always been Ford and General Motors. But at the moment, Ford has grabbed ahold of the wheel and taken control. Over the past 12 months, Ford is up 141% vs. GM’s gain of “just” 57.5%.

However, most of that outperformance began six months ago. Over that stretch, Ford shares are up 66% vs. GM’s gain of just 1.6%. Remember, it wasn’t all that long ago that GM was dominating the electric vehicle (EV) spotlight in Detroit.

Despite enormous supply chain and global economic issues, GM and other mega automakers have found a way to drive higher. From its recent low on Oct. 29, GM stock put together a five-day win streak good for a 10% gain.

Will that help kickstart GM’s move higher and allow it start playing catch-up to Ford? General Motors bulls sure are hoping so.

Analysts expect a near-20% boost in revenue next year, while GM continues to trade at less than 10 times earnings. It wouldn’t be surprising to see some funds rotate into this name before year end.

Lucid Motors (LCID)

The Lucid Motors (LCID) Plant in Arizona.Source: Around the World Photos / Shutterstock.com

Is Lucid Motors the next Tesla? That’s what some pundits and industry watchers are starting to say. Coming into the 2021, there were a ton of new entrants in the auto industry. In particular, these producers were focused on EVs and many listed via SPAC offerings.

Not many are panning out all that well, but Lucid is one of the few companies that’s actually doing well right now. The stock has been exploding higher lately as the good news continues to pour in. For instance, Motor Trend recently said Lucid’s new model is “the most compelling American luxury car in recent memory.”

LCID stock has climbed over four straight weeks, good for a 90% gain from the low to the high.

Further, get a look at its growth estimates. Analysts expects sales of just $76 million this year. However, that figure swells to $1.7 billion next year (the company says it can do $2.2 billion) and topping $4 billion in 2023.

If that’s the type of growth we can look forward to, then Lucid shares should certainly be heading higher. That’s even as shares are far from cheap, at 39x 2022 revenue estimates.

Top Auto Stocks to Buy: Li Auto (LI)

A front view of the Li Xiang One SUV from Li Auto (LI).Source: Carrie Fereday / Shutterstock.com

Nio was supposed to be the one dominating China’s EV industry. However, Li Auto and XPeng (the next name on this list) are making serious headway in this region. Of course, Tesla has a formidable position in China as well, but we’re talking about a pretty large market.

Keep in mind, China boasts a population of roughly 1.4 billion people and a middle class that’s larger than the entire U.S. population — and it’s growing quite quickly.

Like Lucid, Li Auto has rapid revenue growth on deck. However, unlike Lucid, it does not come with such a heavy valuation.

Analysts expect revenue to grow roughly 67% in 2022 to $6.46 billion. In 2023, consensus expectations call for revenue growth of 42% to more than $9 billion in revenue. That’s pretty darn impressive, especially with forecasts calling for almost break-even earnings this year and a slight push to profitability in 2022.

Of course, all of these are just estimates and with the gyrations in the global supply chain and various economies, these estimates are prone to change. However, it’s a very attractive setup, particularly with the stock trading at 4x next year’s revenue.

In October, Li delivered 7,649 vehicles, up more than 100% year over year.

XPeng (XPEV)

Xpeng logo and P7 model in store XPEV stockSource: Andy Feng / Shutterstock.com

Li Auto has momentum in its deliveries and so too does XPeng. The company said it delivered more than 10,100 vehicles in October, up more than 230% year over year. While the year-over-year results were impressive, it was down slightly vs. September.

Still, it’s clear that XPEV stock has strong momentum without much slowing it down at the moment.

I hate to keep pounding the table on consensus estimates, but the numbers with some of these companies look like software companies. That’s as many take reservations in the build-up to production, then have a massive stable of customers ready to fork up the cash.

Of course, the problem is sustaining new customers as time goes on, but Tesla proved that it’s possible.

For XPeng, analysts expect sales of $2.96 billion this year and for growth of more than 80% next year to $5.42 billion. In 2023, estimates for sales sit north of $8.4 billion.

Top Auto Stocks to Buy: Nio (NIO)

Image of Nio (NIO) logo branded on the exterior of a corporate building.Source: Sundry Photography / Shutterstock.com

XPeng weighs in with a market cap of roughly $40 billion, about one-third more than Li Auto’s $31 billion market cap. However, both are overshadowed by Nio’s valuation of roughly $70 billion.

NIO stock hasn’t had the best momentum lately, as the company works through some solid yet bumpy growth. While it looked like the company was on the brink just a few years ago, it’s found a monstrous wave of momentum.

Nio has launched several new models and has really bolstered its financials. Between Nio, XPeng, Li Auto and the work Tesla is doing in China, the country is making a serious EV push.

When Nio delivered its October delivery results, it disappointed Wall Street. However, the stock reversed off its lows and closed higher on the day. Rallying on bad news is a bullish sign, oddly enough.

Now let’s see if Nio can join the other auto stocks and push higher into year end.

Toyota Motors (TM)

Toyota (TM) logo on the building of a dealership during daylightSource: josefkubes / Shutterstock.com

Let’s look away from some of the newcomers in the auto stocks, but let’s stay in the Asian region. Toyota is one of the world’s largest automakers, both by market cap and unit production.

With its $290 billion market cap, Toyota is one of the few stocks that’s actually kind of close to Tesla’s mammoth size.

Toyota’s a great company with strong brands, solid profitability and impressive technology. Given Toyota’s aim at fuel economy and renewables, I don’t expect it to miss out on the EV theme. That said, it’s not exactly making front page news with its electric vehicles.

Weekly chart of TM, as auto stocks climb higher
Click to Enlarge
Source: Chart courtesy of TradingView

A look at the chart on the right paints a pretty clear picture of why we like this one. Toyota stock has had trouble clearing the $185 area all year long. If it can do that, $200 may not be far off and then Toyota may be the talk of the auto stocks.

Top Auto Stocks to Buy: Fisker (FSR)

The back of a silver Rivian (RIVN) pick-up truck.Source: Miro Vrlik Photography / Shutterstock.com

Rivian Automotive (NASDAQ:RIVN) just made its public debut and it should do pretty well given the momentum in auto stocks right now. That said, Fisker is another stock that may ride the coattails of Rivian.

Fisker made its debut in June 2020, but began trading under the “FSR” ticker in October of 2020. Since then, the stock has seen bouts of success and volatility. The gains have been nice, but Fisker stock has not been immune to deep selloffs.

Now up almost 40% in the past two weeks, bulls are looking for a potential run in FSR stock again.

Despite its $5.7 billion market cap, Fisker is fairly speculative as it’s effectively revenue-less this year. In 2022, analysts expect sales of just $247 million. However, if the automaker can hit its stride, 2023 estimates call for $2.2 billion in sales.

On the date of publication, Bret Kenwell did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell.

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Best Mining Penny Stocks to Buy Right Now? 3 To Look at This Month

Will these mining stocks make your watchlist? When discussing mining penny stocks,…
The post Best Mining Penny Stocks to Buy Right Now? 3 To Look at…

Will these mining stocks make your watchlist?

When discussing mining penny stocks, it is difficult not to highlight how well they have performed over the last year and a half. It all started with the pandemic, which pushed precious commodities like gold and silver to new highs. As a result, more types of mining equities began to perform better. There are far more of these assets than many investors think.

Many people think of gold and silver stocks when they think about mining assets. In reality, there are numerous different types of mining stocks. Companies in this category include those that look for copper, steel, uranium, lithium, lead, and other minerals. Bitcoin mining stocks, for example, can be considered for this type of asset.

What should you look for when investing in mining penny stocks, you may be wondering? There are a few critical actions that may be taken to ensure that the moment is perfect to invest in a company. The first and most obvious step is to read the news from across the world. Consider how the pandemic affected and continues to affect the mining industry. Sector news is also critical; for example, shortages and growing demand are useful pieces of information to have. Let’s look at three mining stocks performing well in December 2021.

Top Mining Stocks To Watch

Denison Mines Corp. (NYSE: DNN)

Denison Mines Corp. is a mining penny stock that just gained 2% on December 2nd. This is a mining business that is engaged in uranium development. The development business owns a 95 percent share in the Wheeler uranium project, which is located in the Athabasca Basin of northern Saskatchewan. This is a mining stock that has previously gotten a lot of attention on this site due to its consistent upward market momentum.

The corporation announced the adoption of an Indigenous Peoples Policy, or IPP, on December 2nd. The Board of Directors endorsed this, which indicates the company’s acknowledgment of the critical role of Canadian business in reconciling with Indigenous peoples in the country. This is consistent with Denison’s pledge to take action to advance reconciliation. This was critical for the corporation because it operates in several areas across Canada that are on Indigenous peoples’ traditional territory.

President and CEO of Denison, David Cates said, “I believe Industry has an important role to play in acknowledging, and building awareness of, the history of Indigenous people in Canada and the critical importance of pursuing the objectives of reconciliation. As such, the adoption of an Indigenous Peoples Policy is a notable step in our Company’s journey to bring reconciliation to the forefront of what we do and how we do it.” DNN stock has increased in value during the last six months. Will DNN stock be added to your watchlist as a result of its recent advancements?

IAMGOLD Corporation (NYSE: IAG)

IAMGOLD Corporation is a gold mining company that has seen its stock price rise in the previous 30 days. This firm looks for, develops, and manages land for the sale of gold in a variety of countries. IAMGOLD is a global company with operations in North America, South America, and West Africa. These territories are home to the Westwood mine, the Boto gold project, and a slew of other ventures.

IAMGOLD released their third-quarter results for 2021 on November 3rd. The firm released its third-quarter results for 2021 on November 3rd. IAMGOLD generated $121.6 million in mine-site free cash flow, while adjusted EBTIDA was $265.7 million. During the same time period, IAMGOLD reported a total net loss of $20.1 million, or $0.04 per share. Despite certain flaws in its financial results, IAMGOLD has had several moments of strong performance this year.

CEO and President of IAMGOLD, Gordon Stothart said, “The third quarter of 2021 saw improvement in our operating performance supported by the continued strong results at Essakane. Rosebel performed in line with the revised plan. Construction activities at Côté continue to proceed well, reaching 36% project completion at quarter-end.” Is IAG on your list of mining penny stocks to watch right now?

New Gold Inc. (NYSE: NGD)

We’ve previously identified New Gold Inc. as a mining penny stock with a lot of momentum on multiple occasions. This firm develops and manages a number of mineral properties throughout North America. The Rainy River gold-silver mine, which it controls 100 percent of, is one of its most important assets. The Rainy River mine is located in the Canadian province of Ontario. In addition, the corporation owns a 100% stake in the New Afton gold-copper mine. This mine is in the Canadian province of British Columbia.

On October 13th, the company revealed its third-quarter operational results. New Gold produced a total of 105,628 gold equivalent ounces throughout this time. Rainy River and New Afton mines yielded 60,785 and 44,843 gold equivalent ounces, respectively. Due to fewer tons milled, its gold equivalent production dropped in the third quarter.

President and CEO of New Gold, Renaud Adams said, “We remain on track to deliver on our updated guidance, and we continue to make progress towards securing the Company’s future growth at both assets. Our liquidity position improved for a third consecutive quarter, and I continue to expect meaningful free cash flow generation from our operations in the near-term” Amid these new developments, will NGD be on your mining penny stock watchlist?

Top Mining Penny Stocks To Buy?

Penny stocks are infamous for being extremely volatile and unpredictable. As a result, it is suggested that you concentrate on studying and investing carefully. No one knows what will happen to mining stocks in the market as long as inflation fears persist. As we approach 2022, only time will tell what happens to mining penny stocks. For the time being, which companies will you add to your watchlist?

The post Best Mining Penny Stocks to Buy Right Now? 3 To Look at This Month appeared first on Gold Stocks to Buy, Picks, News and Information | GoldStocks.com.








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The Buckingham Graphite Project – Noble Mineral Exploration (TSX.V: NOB)

CEO, Vance White and Exploration Manager, Wayne Holmstead had us out to the Buckingham Graphite property to highlight the opportunity it presents the company….

CEO, Vance White and Exploration Manager, Wayne Holmstead had us out to the Buckingham Graphite property to highlight the opportunity it presents the company. Graphite of this quality will be in high demand as several auto manufacturers have publicly stated they will shift to EV’s by 2030. Furthermore, the Quebec government is already taking steps to ensure that Quebec is a leader in Battery metals, manufacturing and clean energy.

About The Buckingham Graphite Project

The Buckingham graphite property is located in the Outaouais area of the Grenville Subprovince of Quebec. It consists of 30 claims (1803 hectares) and contains 3 separate graphite occurrences. The main occurrence (McGuire) was worked by Stratmin Inc. in 1985-86 when a ground electromagnetic survey was done following a regional airborne survey. Three diamond drill holes were completed to intersect the electromagnetic anomalies, 2 of which intersected graphite mineralization which was found to be hosted by marble and gneissic rocks.

Although the nature of the graphite on the Buckingham Property has not been determined, graphite concurrences in this area are normally coarse grained, flake graphite. This type of graphite is the most desirable of the naturally occurring types that is used to produce lithium-based batteries. Lithium-based batteries are required for a variety of ‘green’ technologies, including electric vehicles. The global demand for these types of products is expected to rise as world governments lean towards environmentally friendly products rather than petroleum-based ones.

The second graphite occurrence (Cummings) is described as a “deposit in the form of narrow bands of graphite occurring in gneiss and marble over a length of 300 m and a width of 30 m. The graphite occurs in several irregular bands within the 30 m zone.” The Cummings Occurrence is located about 1.5 km southeast of the McGuire Occurrence.

The third graphite showing on the property is called the Robidoux Occurrence and is located about 4 km east of the McGuire Occurrence. It was described by the Quebec Superintendent of Mines in a 1910 report as a “partially uncovered graphitic bed over a length of about forty feet. Some shallow pits have also exposed graphitic outcrops, presumably of the same bed, for an additional distance of 75 to 100 feet. The bed where exposed by the main stripping is about four feet thick and dips into the side of a low hill at an angle of 40 to 50 degrees.” It was also noted that “the graphite ore contains over 30% carbon.”

About Noble Mineral Exploration

Noble Mineral Exploration Inc. is a Canadian-based junior exploration company which, in addition to its shareholdings in Canada Nickel Company Inc., Spruce Ridge Resources Ltd. and MacDonald Mines Exploration Ltd., and its interest in the Holdsworth gold exploration property in the Wawa, Ontario area, holds approximately 72,000 hectares of mineral rights in the Timmins-Cochrane areas of Northern Ontario known as Project 81. Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration/VMS targets at various stages of exploration. More detailed information is available on the website at www.noblemineralexploration.com

For additional information please visit www.insidexploration.com/nob/ and be sure to follow Insidexploration through our various social media platforms.

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Disclaimer

The content of this video contain forward looking statements and are subject to change. We caution the viewer that this video is for informational purposes and should not be considered investing advice. Prior to making investment decisions, we encourage you consult a financial advisor and always do your own due diligence.






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With Fisker Up 33% in November, Is There Still Room for Growth?

Electric vehicle (EV) company Fisker (NYSE:FSR) has had a roller-coaster year. But now with 2021 reaching a close, FSR stock is on a roll. Specifically,…

Electric vehicle (EV) company Fisker (NYSE:FSR) has had a roller-coaster year. But now with 2021 reaching a close, FSR stock is on a roll. Specifically, the month of November was big for the company, highlighted by an Ocean EV unveiling at the LA Auto Show. FSR stock closed out October at $16.05. By the last day of November, it was worth $21.39. That’s a 33% gain — not bad for one month.

Source: T. Schneider / Shutterstock.com

Can the climb continue? After all, although we have finally seen a completed version of the vehicle, the Fisker Ocean is still a year from production in November 2022.

A lot could go wrong between now and then. It’s also possible that the excitement over the Ocean’s debut has boosted FSR stock to a point where further gains are unlikely, at least in the short term. As such, it’s time to take a closer look at this Portfolio Grader “C” rated stock and see if it deserves a spot in growth-oriented portfolios.

FSR Stock: The Ocean Is Real and Consumers Are Onboard

The start of 2020 was not long ago, but it was the beginning of a new era. Tesla (NASDAQ:TSLA) had begun ramping up to mass production levels. In 2019, the EV maker delivered 367,500 vehicles, up 50% from the prior year. Further, a total of 2.1 million EVs had been sold globally in 2019 as well. Meanwhile, CEO Henrik Fisker was preparing for CES 2020 with his prototype battery-powered Ocean SUV.

Details were lacking at CES and Fisker’s claims were taken with a big grain of salt. For instance, an article in The Verge noted that Fisker was known for “ambitious vision” but also had a reputation for his “trouble executing.”

Fast forward to November 2021.

Climate change reality is hitting home. Now, the White House is pushing to make half of all vehicles sold in the U.S. zero-emission certified by 2030. That means there will be a lot of EVs. One recent report put the value of the global EV market at over $2.49 trillion by 2027.

So, now publicly traded, Fisker is capitalizing on these catalysts by showing off its production-ready Ocean SUV. The battery-powered Fisker Ocean starts at $37,499 and can be had for just $379 per month on a flexible lease. Plus, it’s not just any old EV — the model is also one of the world’s most sustainable vehicles, thanks to features like a vegan leather interior and its extensive use of recycled materials.

The fact that FSR stock got a bump in November is really a no-brainer, then. But more importantly, Fisker is showing every sign that it’s executing.

The Bottom Line on FSR Stock

It’s easy to see the potential in Fisker. The market for EVs is huge and, after decades as a curiosity, battery-powered vehicles are going mainstream. 

Tesla has shown just how spectacular the growth potential is for EV makers. Now, the company has a first-mover advantage and is unlikely to lose market dominance anytime soon.

I’m not trying to suggest that Fisker is another Tesla. However, Tesla has shown it’s possible to do the unthinkable —  not only starting an EV company from scratch, but also going from zero production capacity to 238,000 EVs manufactured in a quarter.

Will FSR stock ever see the explosive growth that TSLA stock has seen? It’s 33% climb in November was a good start. There’s also no shortage of analysts who are bullish on Fisker. For instance, Bank of America analyst John Murphy recently upgraded his price target from $18 to $24.

The bottom line here? Fisker has potential and the risk involved with investing in this company is considerably less than it once was. With production a year out, there are ways its plans could still go sideways. However, with production-ready versions of the Ocean already on display — details published and pricing confirmed — FSR stock is looking more and more like a good candidate for long-term growth.

On the date of publication, neither Louis Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article.

Louis Navellier, who has been called “one of the most important money managers of our time,” has broken the silence in this shocking “tell all” video… exposing one of the most shocking events in our country’s history… and the one move every American needs to make today.

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