(2-minute read) For one sector of the economy, the rising cost of gas has been an incredible windfall in the first half of 2021.

July 15, 2021 2021's Hottest Sector Is… By Jay Goldberg, Assistant Managing Editor Dear Smart Investor, While I was filling up my car’s gas tank the other day, I noticed something different: The price per gallon started with a three rather than a two. Of course, paying $3 a gallon for gas isn’t anything new. We saw those prices — and higher — for years during the late 2000s and early 2010s. But that was a while ago. Gas hasn’t been this expensive since 2014. (Source: GasBuddy.) You don’t need a fancy chart to tell you that gas prices are soaring, though. I’ve been feeling the pain at the pump, and I’m sure you have too (unless you drive an electric car, anyway). But for one sector of the economy, the rising cost of gas has been an incredible windfall in the first half of 2021… This Major Company Is Investing $2 Billion Into “MaaS” Tech … Buy This Stock Now It’s a $70 billion technology that’s expected to blossom into a $1.8 trillion industry in the coming decade. One company critical to this tech could double in the coming months. Here’s everything you need to know about MaaS. Oil Companies Roared Back to Life This Year At the start of the global pandemic, businesses and factories shut down, and people were stuck in their homes. Gas prices plunged below $2 a gallon due to low demand. The Energy Select Sector SPDR Fund (NYSE: XLE), which holds shares of oil giants such as Exxon Mobil and Chevron, lost over 50% of its value in less than a month. But thanks to vaccinations and the economic recovery, people are driving and traveling again … and oil and gas companies have roared back to life. XLE soared 27% in the first two months of 2021, while the S&P 500 Index only gained 1.4% over the same time frame. The stock market performed better from March through June. But energy was still, by far, the hottest sector in the first half of 2021. Note that the gains in the chart above include dividends. XLE has a solid 4% yield today, while the SPDR S&P 500 ETF (NYSE: SPY) only yields 1.3%. Here’s What’s Ahead for the Energy Sector XLE’s outperformance earlier this year came as the oil industry rebounded from a devasting 2020. So, don’t expect its gains in the second half of 2021 to be nearly as impressive. Plus, just last week, President Joe Biden pledged to end $90 billion in tax breaks for fossil-fuel businesses. That change would shrink oil companies’ profit margins, making them less appealing to investors. But the biggest threat to the oil industry comes from the growing popularity of electric vehicles (EVs). As I pointed out in June, global EV sales totaled over 3 million last year — a 40% increase from 2019. And Biden’s infrastructure plan earmarks $174 billion in funding for EV projects across the U.S., which would further accelerate EV adoption. In fact, according to Ian King, a future full of electric, self-driving cars is closer than most people expect. Ian says this mobility revolution will change everything. To find out why, click here to watch his new presentation. Regards, Jay Goldberg Assistant Managing Editor, Banyan Hill Publishing 4 Bold Predictions for the Rest of 2021 The Best Tech Stock You Can Buy for $20 Bitcoin at $50,000, and My Other 2021 Predictions "It's the End of the Dow"     Privacy Policy Smart Profits Daily, P.O. Box 8378, Delray Beach, FL 33482. To unsubscribe from Smart Profits Daily emails, click here. To ensure that you receive future issues of Smart Profits Daily, please add info@mb.banyanhill.com to your address book or whitelist within your spam settings. For customer service questions or issues, please contact us for assistance. The mailbox associated with this email address is not monitored, so please do not reply. 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