Biden might be good for several electric vehicle stocks, in fact. That's why you might want to also consider the shares of Workhorse Group (WKHS, $18.53), which not only makes EVs, but electric delivery drones too.
Workhorse has a little bit of history, with roots going back to 1998. Also, its focus isn't consumer vehicles, but delivery vans. WKHS originally started by converting vans made by other manufacturers but transitioned to making its own original models in 2015 following a merger.
The potential here is obvious. The delivery business is booming during the pandemic, and that's not likely to change once life gets back to normal. Already, Workhorse counts United Parcel Service (UPS) and Ryder System (R) among its customers.
And a Biden victory could further smooth the road ahead for WKHS. Prodding and subsidies from a Biden administration would likely encourage companies to upgrade their trucking fleets to electric models. This sector would have strong tailwinds at its back with a green-oriented Democrat in the White House.
Along with much of the rest of its electric vehicle peers, Workhorse has been in a nasty correction since late September. This was a trendy sector in 2020, and prices clearly got ahead of themselves. So you might want to wait for the shares to bottom out and resume their uptrend before buying. This is a volatile sector and should be considered speculative.
Como eran stock que pertenece al sector industrial como verán el Dow perdió los 200 periodos (muy visto por la mayoría de analistas).