{Best in Class Stock} Why This Company Can Surge 65%

This exceptional EV charging stock could be primed for a nice upswing. Sponsored [Unlock a 15x ROI with Alternative Energy Investment]( Are you searching for a lucrative investment opportunity in today's unpredictable market? We have the perfect solution for you: the alternative energy sector, promising an incredible 15x return on investment.[Go HERE to see the Potential Investing Opportunity]( By clicking the link you are subscribing to The Premium Market News Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy. [Privacy Policy/Disclosures](  Exploring the Potential of an Exceptional EV Charging Stock [Image]  Hello Stock Traders  Clear your schedule for 9 AM on June 5, because the Summer Market Summit, brought to you by the market maestros at Traders on Trend, is just around the corner. This year, we have an unparalleled line-up of 32 top traders who can't wait to unveil their unique market strategies and help you level up your trading game.  A perfect blend of experience and innovation, this event promises insights into current market trends like no other. As we inch closer to D-day, the excitement continues to build. Stay tuned for more updates and prepare yourself for a journey that could transform your trading perspective. [Don’t miss out on this unique opportunity - reserve your spot now by clicking on this link!Â]( Now, let's delve deeper into our world of trading with our newsletter… Today, we're delving into the world of EV charging, a realm where ChargePoint, a bona fide industry heavyweight, holds sway. With operations spanning North America and Europe, ChargePoint proudly parades a portfolio of over 225,000 charging points on its network. It commands a whopping 70% market share in North America's level 2 charging market - imagine being a charging point and the odds of you being a ChargePoint are seven in ten! And with more than 5000 fleet and commercial customers across the globe, ChargePoint isn't exactly twiddling its thumbs. As the EV cavalry continues to swell worldwide, the demand for charging stations surges in tow. And ChargePoint has been riding that wave quite handsomely, registering consistent quarter-on-quarter revenue growth since it went public a little over two years ago. We're talking about seven consecutive quarters of rising revenues. Impressive, right? Enter the experts at Bank of America, who seems quite smitten with ChargePoint's potential to exploit industry trends and regulatory boosts. Analyst Alex Vrabel has tossed his 'neutral' hat in favor of a shiny 'buy' badge for the company. He's also envisioned a sparkling $14 price target for the company's shares, signaling a potential 65% surge from where things stood last Friday. Mr. Vrabel's reasons for this optimism are pretty straightforward. He commends ChargePoint for proving its ability to execute effectively, its clear path to profitability, and an appealing valuation, particularly considering the shares are hovering near an all-time low. Describing ChargePoint as a top-tier choice for anyone looking to invest in the EV charging sector, he acknowledges the company's shares have taken a hit recently. The stock has dipped almost 19% quarter-to-date and has seen a 10.9% decline in 2023. Even with these figures, Mr. Vrabel insists the company's fundamentals remain robust, and he has faith in its pathway to cash positivity. It's important to note, however, that ChargePoint hasn't had the smoothest sailing in 2023. It's even lagged behind the iShares Global Clean Energy ETF (ICLN), which itself has endured a 6% loss this year. But, as Mr. Vrabel wisely highlights, ChargePoint, while technically a 'clean energy' company, is driven by factors beyond this label. Its fortunes are tied predominantly to the ongoing transition to EVs—a narrative that's still in its early chapters and holds considerable promise for future growth. Thanks to ChargePoint's customer, geographic, and product diversity, it's uniquely positioned to tap into EV charging trends. This broad exposure, according to Vrabel, should help the company navigate any recessionary pressures affecting specific segments of its client base. And it appears the market might be warming up to this sentiment, with ChargePoint's shares jumping 5% early this week.  Trade safe!  -James  Coming Up Next: With the debt issue finally behind us, learn what are the next risks that may affect the market. Find out in the article below!   SPONSORED 🔽 Sponsored [This Could Become Your Favorite Stock In A Recession]( Financial experts are split on the recession. Some deny, some say it’s already started, and some are giving new silly names like a “rolling recession” to try to make sense of it. The fact is much of the market believes a big recession is still coming...[Get the FULL Report Here]( By clicking link you are subscribing to The Investor Newsletter Daily Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy. [Privacy Policy/Disclosures]( Assessing Risks That Could Shape the Future of the 2023 Market Rally Looks like our friends in Washington managed to steer clear of a financial cliff by striking a deal to hike up the U.S.'s borrowing capacity. They pulled it off without causing Wall Street to break into a panicked sweat - a feat worth tipping your hat to. But let's not put our party hats on just yet, more turbulence might be on the horizon. Many investors, who've been engrossed in the soap opera of debt-ceiling related news, might have overlooked a significant shift in the Federal Reserve's monetary policy predictions. Where we were once expecting the Fed to steer clear of raising interest rates in June, and to orchestrate multiple rate cuts throughout the year, the tables seem to have turned. The talk of the town is now forecasting at least one more upward nudge in rates come next Fed meeting. Dallas Fed's top brass, President Lorie Logan amongst them, are getting twitchy about the slow pace of inflation deceleration. They're nudging for more rate hikes, not exactly music to the ears of stockholders. A surge in interest rates could put a damper on the lofty valuations stocks currently enjoy by making Treasury bonds, money-market funds, or even just good old savings accounts more attractive to investors. Despite this change in tune, technology stocks seem to have maintained their altitude. But as the Federal Reserve appears determined to keep interest rates on a pedestal until the much-anticipated recession finally shows up, some Wall Street mavens reckon this status quo might be disrupted. Recall the brisk pace of interest-rate hikes in 2022? It catapulted a notable measure of the U.S. dollar's value to its highest point in over two decades last September. However, as U.S. stocks have bounced back from last October's lows, the dollar has backpedaled. The ICE U.S. Dollar Index dipped by more than 10% between its late-September zenith and its 2023 nadir touched in early February. In an act of defiance, shrugging off U.S. debt-ceiling anxieties and murmurs of de-dollarization, the dollar seems to be getting back on its feet. The ICE U.S. Dollar Index DXY, a barometer of the dollar's strength against major currencies, rose to 104.63 on Wednesday, marking its highest point since mid-March, as per FactSet data. Tom Essaye, Sevens Report Research founder and former Merrill Lynch trader, issued a warning that the dollar's resurgence could potentially throw a wrench in the stock market's year-to-date gains. He specifically mentioned megacap technology stocks, major contributors to the market's gains, as being especially vulnerable. A strong dollar typically implies some turbulent times for multiple asset classes, including stocks of companies heavily dependent on international revenue sources and commodities, according to Mr. Essaye. Inflation, that old foe, remains a stubborn problem. When the Fed delivered its 10th consecutive interest-rate hike in May, lifting its policy rate by 25 basis points, Chairman Jerome Powell hinted that it might be the final hike in the cycle. However, a faction of senior Fed officials beg to differ, arguing that persistent service sector inflation needs to be wrestled with before the Fed can take a victory lap. A robust U.S. labor market is often regarded as one of the key roadblocks to deflating inflation. Despite the Fed ramping up interest rates by about 5 percentage points in a year, job growth hasn't hit the brakes. Looking at the tech sector, there's palpable excitement around the artificial intelligence revolution and its potential to rev up productivity, thereby boosting corporate profits and economic growth. This AI frenzy has helped the Nasdaq Composite and the Nasdaq-100 to recoup some of last year's losses. However, tech stock valuations are pretty steep, reminding some market veterans of the frothy dot-com era. Add to that the sensitivity of these stocks to interest-rate expectations, and we could be in for a bumpy ride if inflation doesn't recede quickly. As they say, what goes up, must come down - let's just hope it's not a hard landing!   Disclaimer:  The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein.  Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.  Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio.  Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit tradersontrend.com/terms for our full Terms and Conditions.  COE MEDIA.   1126 S Federal Hwy Unit #827   Fort Lauderdale, FL 33316 [UnsubscribeÂ](  [Privacy Policy](