Will Apple Be A Player In Electric Vehicles?

Posted: Nov 18, 2021 1:38 PM
Will Apple Be A Player In Electric Vehicles?

Source: AP Photo/Marcio Jose Sanchez, File

Technology is crushing it once again, getting a boost from reports that Apple (AAPL) will be a player in EV, and it will be sooner rather than later.

The news adds validation.  

Consumers are the key - they keep taking the pain of inflation and spending mostly because it’s been a two-year absence from getting together with family and friends.

But this is becoming more and more a stock pickers market. It has been for a long time, but there was a nice tide that lifted all boats, but now it’s back to greater selectivity.

Tomorrow is a huge day, and while I know there will be gaming the CBO score, it could really put the Build Back Better on the shelf. All eyes are on Manchin who keeps saying the right things, but like this headline: 

Joe Manchin's Vote on Biden's Social Bill 'Not at All' Influenced by Passage in House.”

S&P 500 Index



Communication Services XLC



Consumer Discretionary XLY



Consumer Staples XLP



Energy XLE



Financials XLF



Health Care XLV



Industrials XLI



Materials XLB



Real Estate  XLRE



Technology XLK



Utilities  XLU