Stocks were flat in early trading. Big tech names like Apple (APPL) and Netflix (NFLX) pulled back slightly as the 10-year Treasury Yield rose slightly higher.
Our trade alert for today highlights one company in a sector with a probable multi-year tailwind to fuel strong mid and long term growth.
Ayro Inc. (AYRO) is an electric vehicle company with a differentiated product offering.
If the company’s light-duty work trucks and 3-wheeled delivery vehicles gain sales traction, the stock is positioned for multi-fold returns.
In terms of business development, the company has partnered with Karma Automotive for production of 20,000 light-duty trucks and electric delivery vehicles over the next three years. The company’s Austin manufacturing facility capacity expansion is also completed with production capacity increasing to 600 EVs per month.
Further, with a cash buffer of $36.5 million, the company seems well positioned to push for sales volumes growth in the next 12-24 months. The company has already partnered with Element Fleet Management (EFN.TO), which is among the largest pure-play automotive fleet manager. The partnership will help in large deployment of the company’s electric vehicles that are built for the delivery market. Considering these business developments, AYRO stock looks attractive among the stocks to buy.
In the last six months, AYRO stock has surged by 113%. However, the stock still trades at a market capitalization of $208 million.
Should you buy Ayro right now?
Before you consider buying Ayro, you'll want to see this.
Picture the perfect stock for a moment.
What would it look like?
No doubt it would have hundreds of billions in revenue – more than tech giants like IBM, Facebook and Google.
It would probably be a leader in cutting-edge technology like smartphones, robotics, e-commerce and medical equipment.
It would have tens of thousands of unbreakable patents.
It would pay an enormous dividend.
It would be on the verge of dozens of blockbuster announcements that would send the stock higher and higher.
And most of all…
It would trade ultra-cheap – less than $3.
It seems crazy that such a stock exists.
And you’ve likely never heard of it.
Why?
Because it trades under a secret name.
Seriously, it’s true.
Stock-picking legend Alexander Green – just gave the most shocking live presentation regarding this “perfect stock.”
He says this single stock alone could pay for your retirement.
