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Opinions Larry Berman CFA, CMT, CTA
Evolve Automobile Innovation Index ETF HedgedCARS.TOBUY ON WEAKNESSJul 26, 2021
Larry Berman CFA, CMT, CTAUnknown
$48.62
Stock price when the opinion was issued
$33.40
As of Jun 12, 2026. Market Open.
E.T.F.'s
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.
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Premium contentTOP PICK
CARS' performance mirrors the rise and fall of e-cars of the past year, which returned shareholders a tidy 70%, though has flatlined year-to-date by barely rising 2%. Since bottoming in mid-May, the sector has been rangebound. CARS has been stuck between $45-50, stuck in no man's land when it was trading below $30 12 months ago, but plunged from $63 after Valentine's Day when e-car fever was hot. However, rangebound is sometimes a good time to enter an equity. Consider this a spec buy, but beware that the average daily volume is only 5,633 shares.
E.T.F.'s
BUY
The caveat for this ETF is that Tesla is grossly overvalued. The only reason for buying Tesla was for the inclusion in the S&P. They currently trades at $1.5M per car they will sell next year.
E.T.F.'s
COMMENT
Larry Berman CFA, CMT, CTAUnknown
E.T.F.'s
Really likes this ETF. A third is exposed to semiconductors. Another third is car manufacturers such as Tesla or Neo. Then a third is batteries. It is equal weight so it does not rely on one single name. If we get a pull back, step in.