ECONOMIC SILUET: Watch payment stocks continue to move higher, warm weather hits natural gas stocks

Rabu, 04 Januari 2023

Watch payment stocks continue to move higher, warm weather hits natural gas stocks

WED, JAN 04, 2023

The goal of this newsletter is to get you ahead of the next day of investing and trading. It's your first look at tomorrow and last look at today powered by the team of people who direct CNBC TV's stock market coverage.

Tomorrow's Top CNBC Stories Tonight

There's lots of interest in EVs, but the stocks have struggled

There will be several big EV stories on CNBC Thursday, including an interview with BMW's CEO about how the automaker plans to close the gap with Tesla, and there could be more details on Mercedes' EV investments ahead.
If tomorrow is a sign of increased interest and investment, it's still been a tough go for EV stocks and the companies supporting the industry.
Everyone knows about Tesla's drop, so we'll skip that. But take a look at this list:

Electra Meccanica is down 42% in a month
Lucid is down 36% in a month
Lordstown Motors is down 33% in a month
ChargePoint is down 22% in a month
Blink is down 20% in a month
Nio is down 19% in a month
Ford and GM are both down 13% in a month
Fisker is down just 2% in a month
XPeng is up 1% in a month

Payment stocks have been soaring since the week before Christmas

PayPal is up 12% since Dec. 19, and it's not alone. Check out these moves over the same period:
Square is up 6%
American Express is up 2.9%
Visa has gained 2.76%
Mastercard rose 2.66%