Charlie gives an update with predictions on CCIV, PLTR, and SBE. He also talks briefly about EVGO merger.
These are Charlie's opinions, not investment advice. Do your own due diligence!
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These are Charlie's opinions, not investment advice. Do your own due diligence!
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📌New to the stock market and #trading? We break everything down in a short sweet and simplified way.
DISCLAIMER: All of ZipTrader, our trades, strategies, and news coverage are based on our opinions alone and are only for entertainment purposes. You should not take any of this information as guidance for buying or selling any type of investment or security. I am not a financial advisor and anything that I say on this YouTube channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and personal experience. An individual trader's results may not be typical and may vary from person to person. It is important to keep in mind that there are risks associated with investing in the stock market and that one can lose all of their investment. Thus, trades should not be based on the opinions of others but by your own research and due diligence.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing and maintaining ZipTrader communities.
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What time is it? It's time for some violent price predictions. And to be clear, we do not condone violence at Ziptrader unless it's in the form of stock market violence. Be violent with your stocks folks, and before we get to work. the only thing that I ask of you in return is that you hit that ravishing like button And also don't forget to subscribe either.
Okay, so first, I want to give a quick update on your homework. So yesterday I asked you to do your due diligence on ticker symbol O-z-o-n I told you to look at the niche that it's in, I told you to look at its competitors, told you to research the leadership, told you to do a deep dive into what this company is, what it has to offer, the proof of concept, what it's doing right now, and so on, and so forth. And I told you to write those down and if you were comfortable to comment them. And let me just say, in the last 24 hours, I got a ton of great responses from you and I've been very impressed.
People always criticize stock Youtubers and especially their audiences. They say you're gambling, you're lazy, you're following Youtubers blindly. People watch Youtube videos without doing their due diligence. Smell like chicken.
All the usual things that people say about stock Youtubers and stock Youtubers audiences. and to see so many of you proving them wrong and actually doing your due diligence is really kind of a middle finger to those critics. And not only did you guys put the work in, but I know that a lot of you actually went and took a position on your own accord and thus were already rewarded for putting in the work today. But that's besides the point.
The whole idea of the exercise was to get you to do your own due diligence and to get you to actually think for yourself. And I know a lot of you participated in this in one way or the other, and I am going to be giving my own take on the potential for ozone tomorrow, so make sure that you're staying tuned. Okay, so let's get to work. Let's start with Pltr.
So Pltr Palantir this morning announced that they will be deepening their partnership with Bp. As we know, Palantir offers software that helps aggregate data and thus make operational decisions more efficient for large companies in many sectors. And the catalyst this morning was that Palantir software will be used with global deployment across the Bp organization in a multi-year multi-million dollar deal, part of Bp's commitment to become a net Zero company by 2050 or sooner. Now, this was a big deal for Pltr, not just because it is an extension of their already big contract with Bp, but because an extension is essentially an endorsement of Palantir's products and how useful and valuable they actually are.
You do not extend a contract for services that you didn't enjoy, and they've been partnered since 2014. But the big deal here and I want to put this into focus: The big deals They are helping Bp become a zero emission and clean energy company. As you know, there's a huge social and governmental shift towards being clean towards being zero emissions to being sustainable, and Palantirs platforms can actually break down a company's operations and use that data. Allow that company to use that data to help achieve these goals. And the success with tough clients. Like Bp says a lot about the strength of Palantir's platforms. So when this Catalyst dropped in the pre-market I went ahead and I finally added a price target of 55 on Pltr. As you may recall, I have been a little bit of a shy salamander when it came to putting a price target on this play.
We've discussed potential catalysts with this stock several times in the past. I talked about how I liked them and how it was a good deal under 30 and blah blah blah blah. but I still shy away from giving a prize target because I didn't really know how to value them. I wanted to see more proof of concept for what I was thinking.
First, back in December, we talked about how Pltr is largely a partnership catalyst beast. You get a new partnership, it rallies massively, Then you get another partnership. It rallies massively, settles down until the next catalyst, where it then goes and rallies massively. And because you have frequent partnerships, that means you also have frequent catalysts.
And that was true back then. and it's still true today. And from both a chart standpoint and a fundamental standpoint, I've been very happy with their slew of new partnerships. This, by almost every stretch of the imagination, is a growing and booming company that is likely going to get a lot more powerful partnerships as this year goes through.
We are only about a couple partnerships away from reaching this price target anyways, So I finally decided when considering everything that I'm going to go ahead and give this the price target of 55 and in terms of risk versus reward on when you want to buy in. I would say that you want to get this under 35. If you start paying a little bit more than that, you're getting into this area where hey, wait a second. The risk versus reward doesn't make sense.
So I say 35 and under is a good buying point. It is still trading below that. I believe it's a little bit over that, but you'll get another opportunity to get below 35. Okay, so Cciv and the Lucid deal.
Oh My. God. I am so excited we finally have an answer. After all this time and me making dozens of videos, we finally know conclusively if Cciv and Lucid are going to merge.
and the answer is, we still don't know. But if I had a dollar for every question of whether Cciv and Lucid were going to merge or when their date was to actually merge, then I would be able to buy Lucid and then compete with Tesla myself. We still don't know they're still in merger talks though. That didn't stop Cciv from running up another 15 today.
It broke into new highs today. Fantastico. And it did have a deep dive a couple days back when an outlet broke the fact that there was no news for Cciv, which again, wasn't new news because there wasn't news before Then this is the only stock where new news is that there's no news and then the stock tanks. But here's the most recent from what we heard from the company: Lucid Ceo Peter Rawlinson went on Cnbc today and declined to confirm nor deny speculation about the talks. Nothing new there that's been going back and forth for weeks. But what I really like is what he said yesterday. He said, this is not about making an expensive car for wealthy people. He's talking about Lucid.
Of course, that's not why I'm here. That's not what drives me. I want us to be making a million cars a year. The ambition of Lucid is to have a profound effect.
We are not a minority player. This echoes back what we said in January. Lucid isn't trying to be this luxury brand that only five or ten people can afford. They want to be something that's a mainstream player like Tesla.
They start from the top and they build down. They sell the most expensive ones first, and then they push downward. Their goal and operational plan has always been to do that and to become a mainstream player, and that's one of the things that I like so much about Lucid. It's not trying to do a little niche thing, it's trying to expand into the entire market.
And I'm holding strong that if Cciv gets the deal, this is going to go up to 70 80. But if it doesn't, of course, Cciv could lose half of its value or even more because the floor is at 10. So there's a lot of downside here. Cciv would probably eventually just snap up another company and it might go back to 15 20, But who really knows? At the end of the day, you're kind of bidding on a pile of money with Cciv, a pile of money that may or may not be used to go and buy Lucid.
but whatever company Lucid ends up merging with, that's going to be a big whopping deal. I think that it's more likely than not that Cciv and Lucid merge, but it's still a gamble play, and I can't recommend you take that position. That's based on your risk management, how much capital you're allocating to sort of the higher speculative plays, And that's up to you, my friends. But I want to talk to you about the most requested ticker of the day and the most requested ticker of the day.
is Sbe, the company that's merged with Chargepoint. Chargepoint operates the largest online network of independently owned Ev charging stations operating in 14 countries. And of course it makes its own technology used in them. And Spe is an S-pac Play.
And with S-pac please do you have two different catalysts? Number one, you have the original confirmation that a merger will happen, which we saw here and then the second, we have the actual merger. Now in the run-up to the actual merger, you get a pre-anticipatory run and that's something that we as traders like to trade off of. Doesn't always have to run, but a lot of times it tends to if it's a very high hyped stock. And with Spe we got one of the most insane runs that we've had. and then we had some delays that caused this wavy price action. You got a delay and then it started running up again towards merger and then it got a delay and then it started running up again. and then a little bit ago as it started bottoming out, I started making the case for another pre-anticipatory run up to merger because if it had ran up in anticipatory style before the other merger dates, then maybe it would do that again. Patterns tend to repeat themselves.
they don't have to, but behavioral psychology is sort of a big thing in the stock market. that's how a lot of people make their career, but that hasn't happened yet. It's been mostly flat and we have a merger vote on the 11th, which is coming up pretty quickly. It's very possible that we see another pre-anticipatory run, if not to the merger vote, then after the merger vote, in terms of a longer term outlook, I see this going like this: You have a potential preanticipatory run up to the Sbe merger date, then you have a pop after the Sp merger date, and then it cools off.
Almost always you see S packs they run up to merger, they pop, and then they cool off, and then maybe a month or two later it starts settling down. It settles down here. That's when you want to snap it up if you like this as a long term play. So I'm not somebody who would say oh, if you want to hold charge point long term to buy Sbe right now and hold it.
I would say if you're a trader and you want to trade this short term, pre-anticipatory run, if you are trying to get a better longer term, six month, seven month sort of price, I would get a better entry after the merger because you're going to get a discount. Charge Point is already a very good company, but you're paying a lot for it at these prices. so make sure that you're either short-term trading this on a very short time scale up to the merger, or you're waiting to get a better deal post-merger Anyways, folks, I hope that this answered all of your questions. If you have any other tickets you'd like me to cover at the end of tomorrow's video or whenever the next video is it's probably going to be tomorrow because I'm a masochist, then go ahead and comment below.
Also, on the same token of our charging stocks, our Cli play woke up a bit today. This is of course merging with Evie Go, which is the leader in fast charging stations. Of course Chargepoint is the leader in slower charging stations, but Evieco right now is the leader in the next generation of charging stations, so make sure to keep that on your radar as well. I think we all can agree that the charging station market is going to move more and more and more to charging technology that is faster. but like fast people like convenient and so something like Evgo is very, very useful. And while Chargepoint and the rest will catch up to Evie, Go, Evie Go will be a big benefactor in the beginning, at least in my opinion. If you have any questions, feel free to reach out to us below as well or join us on zip Trader circle if you're wondering what broker to trade these stocks on. We always like to send people over to Weeble.
They have pre-market and after hours trading. What does that mean? Well, it means you could trade in the pre-market in the after hours. A lot of people freak out. They're like oh my God.
Why is all this movement happening in the times that the market's not open? Well, guess what? You can now trade in the pre-market and after hours. I mean, you've been able to trade in the pre-market and after hours for a while, but not if you're on some other brokers. Weeble's link will be below and you get two free stocks if you sign up and deposit with the link. If you're looking to learn how to trade, we'd like our step-by-step ground up lessons.
Would like our private chat that also includes our daily morning briefings and of course our price targets and upgrades and downgrades and all that good stuff. Well go ahead and click the link below to learn more about Ziptraderu. Anyways, folks, have a great day and I'll see you in the next video.
Is PLTR still price target at $55
Good thing I eat chicken for breakfast 🤣🤣🤣
Still trying to figure out if I consider Charlie a celebrity or my friend
Lol! Is that a spliff behind your ear in the thumbnail?? Man, I love your vids, and have for a while. Figured I should let you know:)
Thanks
Talk about Salesforce!:)
PLTR think it hits 50 by earnings? What makes you think it for sure will?
Even Wikipedia says Lucid is going to merge with CCIV in February:
"Lucid was founded in 2007 under the name Atieva and originally focused on building electric vehicle batteries and powertrains for other vehicle manufacturers.[5]
Some of Lucid's 500 employees as of 2016 had previously worked at other car companies such as Tesla and Mazda, including Peter Rawlinson, the former VP of Engineering at Tesla,[3] and Derek Jenkins, the former Head of Design at Mazda North America Operations.[6] The company has seen investments from Tsing Capital, Mitsui, Venrock, JAFCO, and others,[6][7] providing an estimated US$131 million by 2016.[8] Venrock, Mitsui, and JAFCO are still current investors in the company.[9]
The company rebranded to Lucid Motors in October 2016 and officially announced its intent to develop an all-electric, high-performance luxury vehicle.[5]
On November 29, 2016, state and company officials announced the planned construction of Lucid's US$700 million manufacturing plant in Casa Grande, Arizona, which was projected to employ up to 2,000 workers by the mid-2020s,[10][11][12] initially building 20,000 cars and expanding up to 130,000 cars per year. The factory was then to be designed to support a maximum capacity of 380,000 cars per year.[13] As of November 2016, the company had planned to break ground in 2017, and have cars in production by early 2019.[14]
On September 17, 2018, Lucid Motors announced that they were in talks with the Public Investment Fund of Saudi Arabia for a funding valued at over $1 billion.[15][16] The investment was completed in April 2019.[17] The investment will fund: the final engineering and testing of the Lucid Air model; the first-phase construction of its manufacturing plant in Casa Grande, Arizona;[16] the commercial production of the Lucid Air; and Lucid's worldwide retail strategy, beginning in North America.[15][16][18] Construction of the plant began in late 2019. In 2021, Lucid Motors plans to merge with Churchill Capital and its SPAC CCIV. Details of the merger will be announced in February. [19]"
Charlie why don't u start with 5000 dollars a new portfolio so we can follow u like 🐑🐑🐏 please
I love violently buying stocks
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What time is it ? Its Freaking 1h in the morning in europe when I started watching this vid. I was prepared to go to BED!!! NOw Im fully awake watching your vid DAMNED!! STOP SCREAMING !!!
(Love your vids)
$BCRX
hey charlie what microphone do you use?
$Inpixon
masochist😂😂😂
anyone else rewatching after the super bowl
Can you go over akerna please thanks
I don't know who need to hear this, saving money won't make you a millionaire investing will.take out some money and invest, Do it wisely tho
I WANT PLTR DEEPEN SIDE OF ME …Mmmm
New to channel, but how good has stock pick been? Want to know before paying $400
Very smart way of giving us some homework !!!
SENS
JE
SPI
WHAT TIME IS IT FOLKS?