BATT ETF

As an ex-future mobility research analyst, I spent a lot of time looking at financial statements and there was very little to see. New entrants in the space had no revenues (and if they had revenues then they had no profitability) and there was very little proof that they would hit their targets.

Lithium prices are potentially reaching their lowest point, presenting a significant buying opportunity for top lithium stocks. Analysts at UBS and Goldman Sachs recently reduced their 2024 supply forecasts by 33% and 26%, according to Mining.com.

Battery stocks may be one of the most boring opportunities out there. But with the world fighting to go green, demand makes these top battery stocks to buy must-haves.

The Amplify Lithium & Battery Technology ETF focuses on companies involved in battery metals production, EVs, and battery technology and manufacturing. However, battery metals pricing is currently very weak, and the supply of key battery metals is expected to continue to outpace demand in 2024. Falling battery prices are good for consumers as EV prices are falling. But that is not good news for #2 holding Tesla, which has seen margins and earnings drop significantly.

Good morning, VettaFi Voices! Last Friday, the holiday shopping season kicked off in earnest (while I hunkered down in my house eating turkey sandwiches and waited for the initial frenzy to pass).

There have been several positive developments announced recently related to the development of solid-state batteries technology for electric vehicles. Investors and automakers are excited about the next “disruption” of lithium-ion battery technology, which is smaller and safer.

Amplify Lithium & Battery Technology ETF focuses on companies involved in lithium battery technologies and battery storage solutions. The fund includes a mix of companies involved in different stages of the lithium industry, providing global exposure to the sector. Despite the potential for growth in the battery industry, the fund has underperformed since its inception, and investors may want to consider other options such as the Global X Lithium & Battery Tech ETF.

Electric vehicle (EV) sales in the United States soared to new heights, jumping more than 300,000 for the first time in the third quarter. Investors seeking to tap the boom in the EV market could bet on these ETFs.

In my new role as head of thematic strategy at VettaFi, I aim to bring you a weekly disruptive tech theme to consider.