In 2015, global electric vehicle (EV) sales topped a million.

In 2016, that figured more than doubled.

In 2017, we’re expecting for it to reach new records.

Total SA’s chief energy economist believes electric cars could make up 15% to 30% of global new vehicle sales by 2030, as noted by Bloomberg.

OPEC just quintupled its forecast for sales of EVs to 266 million from 46 million.  The International Energy Agency doubled its 2030 forecast from 23 million to 58 million.  Exxon Mobil boosted its 2040 estimate from 65 million to 100 million.

Statoil ADA even believes EVs could account for 30% of new car sales by 2030.

BHP Billiton believes there will be 140 million of them on the road by 2035.

“Demand for electric vehicles is forecast to increase significantly over the next ten years as technology improves, the price gap with petrol cars is closed and more electric chargers are deployed,” IDTechEx Senior Technology Analyst Franco Gonzalez said, as quoted by Reuters.

From the Tesla models, Bolt, Volt, Focus and the Leaf, we’re just in the beginning stages of an EV revolution, especially as countries like China announce they may soon wind down production and sales of cars using fossil fuel.

Moving forward, the story will remain red hot.  And if you haven’t invested in stocks dealing with lithium or manganese yet, it’s a good idea, too.  In fact, in this update we reiterate buys on two stocks that are likely to run even higher on the EV excitement.

We can even look at cobalt, which is expected to play an incredible role in the global auto market going forward. According to Benchmark Mineral Intelligence, 75% of lithium-ion battery cathode batteries are expected to contain some volume of cobalt by 2020.  And along the way, as demand for the metal increases, auto manufacturers are likely to run into supply problems along the way, especially with cobalt mined in of the worst places around -- The Democratic Republic of Congo.

Some of the stocks we still like – and recommend buying– include Tronox (TROX) and Sociedad Quimica y Minera de Chile S.A. (SQM).  Both stocks are a buy at market prices.

Open Positions:

AT&T (T) stock -- $37.10

AT&T (T) February 16, 2018 36 calls – $1.95

We opened a second position in AT&T just the other day, as the stock begins to strongly rebound.  It last traded at $38.04 and remains on hold.

Micron Technology (MU) stock – $43.20

MU February 16, 2018 44 calls -- $3.20

MU did slip $42.05, but both positions remain on hold.

Merck (MRK) stock -- $55.50

MRK January 18, 2019 57.50 call -- $3.25

MRK now trades at $56.91.  Both positions remain on hold.

AT&T (T) stock -- $34.45

Hold the stock.  It’s now up to $38.04.

Pro Shares Ultra Short S&P 500 (SDS) -- $45.15

This remains a hedge against the long positions.

First Data (FDC) stock -- $17.80

We continue to hold with the stock now trading at $17.02 in after market trading.

Cypress Semiconductor (CY) -- $15.37

The stock is now up to $15.25 and is a hold.

Carnival (CCL) -- $66.50

We already exited half of the calls for a win of 67% in September 2017.  We exited the second half of the calls at a loss, but still hold the stock with a price target of $70.

Advanced Micro Devices (AMD) -- $13.30 entry

The stock last traded at $10.11 and remains on hold.

Closed trades:

  • Exited half of Zillow Group (Z) for 8% gain on August 8, 2017
  • Exited half of Zillow Group (Z) November 45 calls for 44% gain on Aug 8, 2017
  • Exited half of CELG October 2017 130 calls for 150% on August 31, 2017
  • Exited second half of CELG October 130 calls for 143% on Sept 1, 2017
  • Exited GOLD Sept 92.50 put and 95 put for a full loss
  • Exited half of LOW September 2017 75 calls for 71% on Sept 7, 2017
  • Exited VNDA stock for 8% on September 8, 2017
  • Exited VNDA October 2017 16 calls for 35% on September 8, 2017
  • Exited second half of LOW October 2017 75 call for 92% on Sept. 8, 2017
  • Exited LOW stock for 4% on September 8, 2017
  • Exited half of FEYE stock for 13% gain on September 12, 2017
  • Exited half of FEYE Dec. 14 calls for 68% gain on September 12, 2017
  • Exited half of FEYE Dec. 15 calls for 63% gain on September 12, 2017
  • Exited half of CCL October 2017 67.50 calls for 67% on September 13, 2017
  • Exited VIX October 2017 15 put for 18% on September 13, 2017
  • Exited VIX October 2017 14 put for 17% on September 13, 2017
  • Exited ZIV stock for 2% on September 13, 2017
  • Exited SVXY stock for 9% on September 13, 2017
  • Exited AMD September 2017 13 calls for a full loss, expired worthless
  • Exited second half of FEYE stock for 16% gain on September 14, 2017
  • Exited second half of FEYE Dec. 14 calls for 100% gain on September 14, 2017
  • Exited second half of FEYE Dec. 15 calls for 89% gain on September 14, 2017
  • Exited CRUS stock for a loss of 7% on September 22, 2017
  • Exited CRUS October 2017 60 calls for a full loss on September 22, 2017
  • Exited half of AJRD November 2017 30 calls for a gain of 200% on Sept 22, 2017
  • Exited half of AJRD November 2017 30 calls for a gain of 168% on Sept 22, 2017
  • Exited AJRD stock for a gain of 13% on September 22, 2017
  • Exited half of AOBC January 2018 17 calls for a gain of 47% on Oct. 4, 2017
  • Exited half of EXPE October 145 calls for 22% gain on October 6, 2017
  • Exited CCL October 2017 67.50 calls for a loss of -37% on October 17, 2017
  • Exited half of Shopify Inc. stock for a gain of 10% on October 25, 2017
  • Exited half of SHOP November 105 call for a gain of 79% on Oct 25, 2017
  • Exited TRUE stock for a loss on November 7, 2017
  • Exited TRUE January 2018 16 calls for a loss on November 7, 2017
  • Exited half of DIS December 15, 2017 100 calls for 44% on Nov. 8, 2017
  • Exited SHOP stock for a -10% loss on Nov. 9, 2017
  • Exited SHOP November 105 calls for a full loss on Nov. 9, 2017
  • Exited DIS stock for a gain of 5% on November 13, 2017
  • Exited second half of DIS Dec 2017 100 calls for a gain of 86% on Nov 13, 2017
  • Exited half of DIS Jan. 19, 2018 105 call for 100% gain on November 30, 2017
  • Exited half of AT&T January 19, 2018 34 call for a 55% gain on Nov 30, 2017
  • Exited half of AT&T February 16, 2018 34 call for a 97% gain on Nov 30, 2017
  • Exited half of DIS Jan. 19, 2018 105 call for 404% gain on Dec 4, 2017
  • Exited half of AT&T January 19, 2018 34 call for a 177% gain on Dec 4, 2017
  • Exited half of AT&T February 16, 2018 34 call for a 139% gain on Dec 4, 2017
  • Exited half of BBY stock for an 11% gain on December 5, 2017
  • Exited half of BBY Dec 15, 2017 57.50 calls for a 102% win on Dec 5, 2017
  • Exited half of AVAV stock for a 34% win on December 6, 2017
  • Exited RGR stock for a loss of 1% on December 11, 2017
  • Exited AOBC stock for a loss of 12% on December 11, 2017
  • Exited AOBC January 2018 17 calls for a full loss on December 11, 2017
  • Exited second half of AVAV for 27% gain on December 12, 2017

Ian L. Cooper

Traders Daily