US equities: Time to get behind enablers of electric automotive industry

Deep Dive into US equities

clock • 4 min read
Jim Tierney of AllianceBernstein

Jim Tierney of AllianceBernstein

In fast-changing industries, it is not always easy to know which companies offer the most promising investment opportunities.

Often, the best way to invest is to own the enablers of change, or what we call the ‘picks and shovels' providers - a concept that goes back to the gold-rush days of the mid-19th century. While many miners experienced disappointment in their search for gold, the people selling the equipment were far more prosperous as they sold more picks and shovels to each new wave of prospectors. Rathbones bullish on US equities but cautions on Biden tax plans Living in the Connecticut suburbs, my inner farmer has been alive and well for years. The news that Ford (not held in our portfolio) is ...

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