Despite what government officials say are clear lines of authority during a hack, the report lays out how uncertainty was still rife during a simulated cyberattack. 4 report from the Intelligence and National Security Agency said questions remain about who is in charge during a cyberattack on critical infrastructure. вЂњA lot of people are going to suffer and die,вЂќ Director of National Intelligence Dan Coates said during a July event at the Hudson Institute.Д«ut the ensuing chaos may cause even more destruction in the biting cold. The post IвЂ™d Stay Clear of ChargePoint Stock Until the EV Sector Shakes Out a Little More appeared first on InvestorPlace.A cyberattack on a New England power grid during JanuaryвЂ™s sub-zero temperatures is a nightmare scenario for AmericaвЂ™s top spy. Stock Prodigy Who Found NIO at $2вЂ¦ Says Buy THIS Now Top Stock Picker Reveals His Next Potential 500% Winner It doesnвЂ™t matter if you have $500 in savings or $5 million. Why Everyone Is Investing in 5G All WRONG On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. ThereвЂ™s just too much uncertainty right now and downside momentum is not a friend to growth investors today. I think investors seeking growth in this sector would be better-suited waiting on the sidelines for the dust to settle a bit more. Furthermore, the catalysts that have taken this stock higher in the near-term are beginning to lose momentum. I think ChargePointвЂ™s business model isnвЂ™t differentiated enough to warrant investment right now.

However, for now, investors will be looking for the pick of the litter. Yes, consolidation will take hold over time. Small players are popping up everywhere, in a bid to gobble up as much market share as possible. Unlike gas stations, which undertook years of consolidation, the EV charging space remains a nascent growth market. In fact, two other SPAC mergers involving EVgo and Climate Change Crisis Real Impact 1 Acquisition (NYSE: CLII) as well as EVBox and TPG Pace Beneficial Finance (NYSE: TPGY) are pending.Д«link Charging (NASDAQ: BLNK) is a company that has already gone public.ДЄccordingly, I donвЂ™t think ChargePoint has enough of a moat to withstand competitive pressures long-term. However, my concern is this sectorвЂ™s growth may be held up by margin pressures as competition increases over time.Д¬hargePointвЂ™s business model is easily replicated. Indeed, a significant amount of long-term growth is being priced into CHPT stock right now. Investors bullish on the growth in EV charging stations long-term certainly need to factor competition into their valuation models for CHPT stock. Competitive Landscape Unfriendly to ShareholdersД«reaking news: ChargePoint isnвЂ™t the only game in town. However, the high levels of retail investor interest that many believe led to this delay in the SPAC merger being approved could be a catalyst to keep an eye on. Right now, this all seems to be irrelevant. 26, and ChargePoint stock began publicly trading on March 1, delays with this merger approval initially cast doubt on the SPAC deal and the premium investors were paying to get access to ChargePoint going public. Thus, itвЂ™s possible we could see bond yields continue to progress higher over the medium-term.ДЄdditionally, while this SPAC merger was approved on Feb. Federal Reserve chairman Jerome PowellвЂ™s recent speech this past week didnвЂ™t do much in the way of assuaging the marketвЂ™s concern on this front. Little in the way of support from the Federal Reserve isnвЂ™t helping calm the minds of growth investors concerned about inflation. Accordingly, companies with valuations in the nosebleeds are out. Thus, investors are now placing higher forward growth projections for cyclical sectors with much better fundamental valuations. Rising inflation expectations, which have driven bond yields higher, are a direct result of improved sentiment about the economic reopening weвЂ™re likely to see coming out of this pandemic. Many investors appear to be rotating out of growth into cyclical value sectors today. If this risk-off sentiment continues, investors in ChargePoint stock will have another headwind to contend with in the near-term.Д§ Biotech Stocks With Catalysts That Go Far Beyond Covid-19 Vaccines InvestorPlace - Stock Market News, Stock Advice & Trading TipsД¬ompanies like ChargePoint have not been immune to these moves. Indeed, the EV sector has been hit hard as a result. Rising bond yields have diminished demand for high-growth stocks in a number of sectors.

Sector is clear not clear not clear