Prospects of the Zacks
Domestic Auto
industry appear muted at the moment as the market is reeling under semiconductor supply shortfall. Various auto biggies are battling chip deficit, which is hindering their business operations and forcing them to idle production lines. The companies are also bearing the brunt of soaring commodity costs, which are set to dent margins. Also, while electric vehicle (EV) development plans bode well for their long-term prospects, high capital spending related to the same is likely to strain cash flows. Amid the industry woes, firms like
Fox Factory
Holding Corporation
FOXF
,
Harley-Davidson, Inc.
HOG
, and
Nikola Corporation
NKLA
are banking on strategic measures, including turnaround plans, strategic alliances, and focus on operational efficiency.
Time to Invest in Legal Marijuana
If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%.
You’re invited to check out
Zacks’ Marijuana Moneymakers
:
An Investor’s Guide
. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.
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