#market_overview Electric Vehicle Sector: Another active wee | 🚀 Robin Rocket

#market_overview

Electric Vehicle Sector: Another active week awaits, analysts and investors are studying the implications of President Biden's decree, which set the goal that by 2030, half of all cars sold in the United States are zero-emission vehicles. The focus will be on promotions such as General Motors $GM, Ford $F and Volkswagen $VOW. Electric Mile Solutions $ELMS and Hyzon Motors $HYZN are two stocks in the zero-emission car segment that are gaining traction with investors.

Space Sector: Northrop Grumman $NOC prepares to launch a cargo ship to the International Space Station. In South Texas, SpaceX $SPACE has installed the Starship spacecraft on a prototype of its super-heavy launch vehicle, which is itself loaded with 29 Raptor rocket engines. This spaceship is the tallest assembled rocket ever made in history. Meanwhile, Boeing $BA's Starliner will be looking to return to the launch site after troubleshooting the valves. Traders will also be watching Astra Space $ASTR after the company's shares soared more than 20% when the date of the company's first commercial orbital launch in conjunction with the US Space Force was announced.

Corporate Events: ARK Invest will host a monthly webinar on August 10th. Katie Wood and her team recently acquired shares in Robinhood Markets $HOOD, Zymergen $ZY and Pinterest $PINS, while cutting positions in China's JD.Com $JD and Tencent Holding. The firm is also bullish on online sports betting stocks and DraftKings $DKNG. Aug 11 - Ford $F Director of Product Platform and Operations will speak with JPMorgan analysts to discuss key elements of "Ford +"'s growth plan.

Barron’s will allocate shares of the following companies for purchase:

Infrastructure sector:
Atlas $ATCX
Jacobs Engineering Group $J
Montrose Environmental Group $MEG
Parsons $PSN
Tetra Tech $TTEK

Consumer sector:
Spectrum Brands Holdings $SPB

Oil sector:
Royal Dutch Shell $RDS.A

Shares that Barron’s analysts say should rise amid economic recovery as the pandemic ends:
Ross Stores $ROST
Hudson Pacific Properties $HPP
Cisco Systems #CSCO
Microsoft #MSFT
WW International #WW
Starbucks #SBUX
Ruth's Hospitality Group #RUTH
Boston Properties #BXP

Historically, August is considered a weak month for the stock market. However, the first week of the month the American market was moderately positive, and the S&P 500 index has been demonstrating growth for 6 months in a row. The key report on the labor market, which came out last week, signaled an improvement in the situation on the labor market. Contrary to the recent trend “the worse is the better”, the markets reacted to the positive data with growth. The focus of investors this week will be on US inflation data, which, along with the latest unemployment report, will be able to give market participants an understanding of how the economy continues to recover.