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More Than 100,000 Tesla Vehicles Probed For Safety Issue
Investor's Business Daily · 8h ago
BofA's Takeaways On Nio's 2021 Plans
Nio Inc - ADR (NYSE: NIO) has remained a favorite among Wall Street firms, with most remaining bullish on the Chinese electric vehicle maker. Following investor calls with the automaker's management, an analyst at BofA Securities shared key takeaways Friday. The Nio Analyst: Analyst Ming Hsun Lee maintained a Buy rating on Nio with a $54.70 price target. The Nio Thesis: BofA's positive view on Nio is predicated on its long-term share gain potential in the premium EV market and improving profitability along with "rising scale," Hsun Lee said in a Friday note.Nio is planning to introduce its first sedan model and reveal more details on NP2 at its Nio Day scheduled for January 2021, the analyst said. The NP2 is Nio's next vehicle platform that's expected to boast advanced autonomous driving features, he said. The company is modeling vehicle gross margin of about 15%-20% over the long term, Hsun Lee said.The company is open to adopting Lidar in the future, the analyst said. Related Link: EV Stocks Continue Rally As Short Sellers Question Valuations Nio plans to expand point of sales, including Nio Houses and Nio Spaces, from 187 to 200 by the end of 2020, and add another 100 in 2021, he said. The EV maker is planning to start building its second-generation battery swap stations in the second quarter of 2021, with 300 stations likely to be built in 2021, Hsun Lee said. The rapidly expanding battery swap network, according to the analyst, will further improve the Nio user experience.Nio expressed confidence in defending its market share against traditional OEMs, which are planning a foray into the high-end EV market, as the company believes it takes a long time to build brand equity and consumer perception, according to BofA. NIO Price Action: At last check, Nio shares were advancing 0.64% to $54.04. Related Link: High-Flying Chinese EV Stocks Hit Roadblock Amid Domestic Regulatory Scrutiny A Nio ES6 SUV. Courtesy photo. Latest Ratings for NIO DateFirmActionFromTo Nov 2020Deutsche BankMaintainsBuy Nov 2020B of A SecuritiesMaintainsBuy Oct 2020JP MorganUpgradesNeutralOverweight View More Analyst Ratings for NIO View the Latest Analyst RatingsSee more from Benzinga * Click here for options trades from Benzinga * High-Flying Chinese EV Stocks Hit Roadblock Amid Domestic Regulatory Scrutiny * EV Stocks Continue Rally As Short Sellers Question Valuations(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga · 8h ago
Citron Shorts Palantir, Calls Stock A 'Full Casino'
Benzinga · 10h ago
Nio preps for big investor event in January
Nio (NIO) is slated to host Nio Day on January 9 in Chengdu in an event that looks like could be a major catalyst for shares.The Chinese electric vehicle maker
Seekingalpha · 13h ago
Dow Jones, Nasdaq Hit Highs Amid Coronavirus News As Tesla, Nio, Boeing Rally; Salesforce-Slack Deal Near?
Investor's Business Daily · 1d ago
4 Top Stock Trades for Friday: NKLA, DE, NIO, CRSR
It was a quiet session on Wednesday, the last full day of trading this week. Remember, the stock market is closed on Thursday for Thanksgiving and only open for a partial session on Friday. Let’s look at a few top stock trades moving today.  Top Stock Trades for Tomorrow No. 1: Nikola (NKLA) Source: Chart courtesy of StockCharts.com Investors already know Nikola (NASDAQ:NKLA) is a volatile holding, but it has really been proving it over the past few sessions. Shares were up for eight straight sessions coming into Wednesday. While up nicely from the session lows, Nikola is still down over 10% at the time of this writing. InvestorPlace - Stock Market News, Stock Advice & Trading Tips From here, the road map is rather clear. We need to see shares hold $30, a notable level in its public trading thus far, as well as the 200-day moving average. Below those levels could put $25 in play, followed by the 50-day moving average. 7 of the Best Cheap Stocks for December On the upside, bulls need to see NKLA take out the 20-day moving average. That’s followed by this week’s high at $37.95 and the $40 mark.  Top Stock Trades for Tomorrow No. 2: Deere (DE) Source: Chart courtesy of StockCharts.com Deere (NYSE:DE) is dipping ever so slightly on earnings, down about 2% on the day.  Shares are now struggling to hold the 10-day moving average and the two-times range extension.  If the stock holds this area, look for Deere to retest the $266 area, which is near the all-time high and is current resistance. Above it could kickstart a move up toward the $300 mark, with the 261.8% extension coming into play at $301.46. If support fails to hold, it could open up a retest of former resistance near $240 and the 50-day moving average. Thus far, the latter has been a very solid support mark.  Deere has been a trustworthy long, but the divergence in the RSI (as it makes lower highs while the stock makes higher highs) is something to note. It doesn’t ruin the bullish setup necessarily, but again, it’s just something to keep an eye on for the shorter-term traders.  Top Stock Trades for Tomorrow No. 3: Nio (NIO) Source: Chart courtesy of StockCharts.com Nio (NYSE:NIO) has been one of the most robust names in the market this year as it relentlessly grinds higher.  As has been the case for a few months now, the stock continues to hold the 10-day moving average. However, bulls have to be feeling a little giddy here, which could create volatility.  I like this name so long as it’s above the 10-day and last week’s high near $50.60.  Falling below these marks could put the 20-day moving average in play. Ultimately, I would love to someday see a test of the $38 area, which should be support as long as Nio remains in good shape. Top Stock Trades for Tomorrow No. 4: Corsair Gaming (CRSR) Click to EnlargeSource: Chart courtesy of StockCharts.com Speaking of strength, have you seen Corsair Gaming (NASDAQ:CRSR)? Holy moly, this one has been on a run.  Perhaps the stock just blew off its top or maybe it makes new highs on Black Friday. It’s hard to know anymore with some of these stocks.  All I have to say is, be careful with it. Dip buyers will likely jump at the opportunity to buy CRSR on a test of the 10-day moving average. This mark hasn’t been tested in 11 sessions, so it’s bound to act like a magnet here.  Initially, that could be good for a bounce. If the stock knifes right through the 10-day though, CRSR may need some more time to reset. On the upside, reclaiming $46 could put $50-plus back on the table.  All in all, take care with CRSR. It’s a wild mover. And for that matter, take care with all your trading endeavors. Happy Holidays and good luck on your Black Friday and Cyber Monday shopping. On the date of publication, Bret Kenwell did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell.  More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner Radical New Battery Could Dismantle Oil Markets The post 4 Top Stock Trades for Friday: NKLA, DE, NIO, CRSR appeared first on InvestorPlace.
InvestorPlace · 2d ago
JPMorgan analyst 'skeptical' that Nikola's Badger pick-up truck initiative with GM will proceed
Nikola (NKLA) shares on Wednesday sank as much as 16%, as several EV startups slumped from their recent rally, and JPMorgan analyst Paul Coster weighed in on the uncertainty surrounding Nikola and General Motors (GM) partnership which has yet to close next month.
Yahoo Finance · 2d ago
The Top Reasons Li Auto Could Accelerate to Higher Highs
The mere mention of electric vehicles is well, electrifying. The sector, and other related stocks like Li Auto (NASDAQ:LI) show no signs of slowing down. Source: Carrie Fereday / Shutterstock.com Over the last few weeks alone: Tesla (NASDAQ:TSLA) ran from a July low of $187.43 to $528 Nio (NYSE:NIO) ran from $6.80 to $56 Workhorse Group (NASDAQ:WKHS) ran from $4.14 to $28.87 Kandi Technologies (NASDAQ:KNDI) ran from $4.10 to $15 Nikola Corp. (NASDAQ:NKLA) just ran from $17.50 to a recent high of $29.41 in days The Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) just exploded from $15.85 to $21.64 Even better, Li Auto stock – which ran from $15 to $43 – could see $60 before the year is out, in my opinion.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Electric Vehicle Stocks Will Only Accelerate Analysts say we’ll see 125 million EVs on the road by 2030. California is banning the sale of gas powered cars by 2035. European automakers need to sell more EVs with orders to cut CO2 emissions by 40% by 2030. In China, EV market share could grow 14% by 2022. 10 Best Stocks to Buy for Investors Under 30 Plus, under a Biden administration, we could see more EVs on the road. As noted on his website, one of his goals is to accelerate the deployment of electric vehicles. “There are now one million electric vehicles on the road in the United States. But a key barrier to further deployment of these greenhouse-gas reducing vehicles is the lack of charging stations and coordination across all levels of government. As President, Biden will work with our nation’s governors and mayors to support the deployment of more than 500,000 new public charging outlets by the end of 2030.” In addition, according to analysts at Wedbush, 3% of all auto sales are currently electric. By 2025, the firm expects that number to be closer to 10%. Li Auto Stock Earnings Are Explosive Along with the EV boom, Li Auto stock earnings are impressive. While it did report a wider than expected net loss, revenue beat estimates thanks to rising deliveries. Net loss narrowed to RMB320.7 million, or $47.2 million, or RMB0.52 from a low of RMB345.2 million, or RMB2.71 in the second quarter. Analysts were looking for a loss of RMB0.38 per share. Revenue was up nearly 29% quarter over quarter to RMB2.51 billion, or $369.8 million. That came in above estimates for RMS2.42 billion. Gross margins improved nearly 20% from 13.3%. In addition, deliveries were up 31.1% quarter-over-quarter to 8,660 after 128% growth in the second quarter. Mr. Xiang Li, founder, chairman and CEO said, “We delivered 8,660 Li ONEs in the third quarter, representing a 31.1% quarter-over-quarter increase and setting a new quarterly record. Cumulative deliveries in 2020 at the end of October reached 21,852 vehicles. For the fourth quarter of 2020, we expect our growth momentum to continue with deliveries reaching 11,000 to 12,000 vehicles.” Analysts Love the Electric Vehicle Boom Li Auto stock was just upgraded by Citigroup analyst Jeff Chung to a “buy” rating from a “hold” rating with a price target of $45 a share. In boosting his target, the analyst appears to be far more optimistic about the fourth quarter and new year new year for EVs, noted Barron’s contributor Al Root. In addition, JP Morgan analyst Nick Lai says Chinese EV industry growth will only speed up next year. He expects EVs to account for up to 20% of all vehicles sold by 2025. In short, with accelerating demand for electric vehicles, support from global governments and the Biden administration, related stocks like Li Auto have only just begun to take off. I strongly believe the Li Auto stock could test $60 before the year is over. On the date of publication, Ian Cooper did not have (either directly or indirectly) any positions in the securities mentioned in this article.  Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner Radical New Battery Could Dismantle Oil Markets The post The Top Reasons Li Auto Could Accelerate to Higher Highs appeared first on InvestorPlace.
InvestorPlace · 2d ago
Dow Jones Falls As Jobless Claims Rise; Slack Stock Explodes On This News
Investor's Business Daily · 2d ago
Nio Investors Are Facing the Bubble
InvestorPlace · 2d ago
3 EV Stocks to Buy as the Sector Charges Up
An overheated EV market is ushering in a cadre of new stocks which investors may want to steer clear of in the near term. Although the sector is red hot, plenty of these companies could leave investors feeling like crash test dummies. Want to avoid that fate? With that in mind, we will look at three EV stocks to buy that will keep you buckled in. Although novel coronavirus vaccine plays like Pfizer (NYSE:PFE) and AstraZeneca (NASDAQ:AZN) have been soaring, nowhere has the market action been hotter than in EV stocks. To be fair, the price action doesn’t rival the dot-com bubble or what happened in cannabis stocks and cryptocurrencies in the last couple years. Nevertheless, this month’s surge in momentum has the earmarks of a car wreck in the making for portfolios overly exposed to this area within the broader alternative energy market.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Blame the over-the-top price action on what you will. President-elect Joe Biden is a great place to start. But that doesn’t matter right now. The bottom line is that all stocks correct. And in those more bearish cycles where a decline of 30% is common after a big run up, largely unproven EV stocks pose an even greater risk. 10 Best Stocks to Buy for Investors Under 30 In the following, let’s look at three leading EV stocks, their price charts and how to park capital into each more smartly. Tesla (NASDAQ:TSLA) Plug Power (NASDAQ:PLUG) Nio (NYSE:NIO) EV Stocks to Buy : Tesla (TSLA) Source: Chart by TradingView The first of our EV stocks to buy is Tesla. We’re starting off with training wheels in TSLA. Aside from the confidence which comes from buying into the EV market leader, the run-up in shares this month is also much less problematic. Not that 30% is anything to sneeze at, but the rally hasn’t been linear like most of its much smaller peer group. Technically, Tesla has staged two recent breakouts. The first was a pattern mid-pivot entry. A second classic purchase was available as shares cleared a high-level double-bottom base. The latter pattern buy has produced gains of around 10%. It’s slightly out of reach, but a modest pullback and successful test of prior pattern resistance would be sufficient evidence to pull the trigger on this EV stock to buy. Favored Strategy: March $550 / $650 Bull Call Spread on pullback Plug Power (PLUG) Source: Chart by TradingView The next of our EV stocks to buy is Plug Power. Wait a second! PLUG uses hydrogen fuel cells! That’s true. It’s also fair to say the rubber is already meeting the road in this alternative energy transportation stock. Similar to Tesla, PLUG is an undisputed leader in its EV niche. In this case, Plug’s next-generation forklift technology has A-list customers such as Amazon (NASDAQ:AMZN) and Walmart (NYSE:WMT) in its ranks. What’s more, key acquisitions made earlier this year should ensure PLUG will meet its ambitious five-year sales and profit plan in the growing hydrogen-based commercial transport market. Technically, Plug Power’s leadership has manifested itself on its price chart. Even a secondary offering this past week proved to be a very modest bump in the road on its way to gains of more than 70% in November. But as the weekly price chart hints, shares are much closer to being overbought than not. An eventual challenge of the longer-term support zone from roughly $15.50-$19 would be a welcome event. But building a position beneath $21, which allows for a correction nearing 30% with a hedged stock position, looks like a smarter proposition. Favored Strategy: March $18 Married Put after correction EV Stocks to Buy: Nio (NIO) Source: Chart by TradingView China-based Nio is the last of today’s EV stocks to buy. The outfit has been on tear in recent weeks and improving its massive run of the past six months. It’s up nearly 80% in November and more than 1,160% in 2020. Earnings, monthly deliverables, maybe an end to Covid-19 and consumers hitting the road en masse or friendlier U.S.-China relations? It’s all been good for NIO stock investors. Maybe a bit too good. Technically, Nio is the stock which has the most signs of a price chart running on fumes. Stochastics are overbought and nearing a bearish crossover. And the past seven weeks have seen shares clinging and jumping through the EV stock’s upper Bollinger Band. With a doji decision candle forming on the weekly, a failure of its momentum-driven trend of the past couple months looks likely. Looking forward, a picture-perfect corrective move of 30% would put shares of this leading EV stock at $40. That might seem like an impossibility for today’s buyers. Yet if history simply rhymes, the odds of a larger bearish decline shouldn’t be dismissed. At the same time, calling a top is risky business in a stock of Nio’s caliber. Fortunately, stock investors have a fix to safely stay the course during a potential detour or conversely, profit if shares continue to motor higher. Favored Strategy: January $45 / $65 Collar On the date of publication, Chris Tyler held, directly or indirectly, positions in Nio (NIO), Plug Power (PLUG) and their derivatives, but no other securities mentioned in this article. Chris Tyler is a former floor-based, derivatives market maker on the American and Pacific exchanges. The information offered is based on his professional experience but strictly intended for educational purposes only. Any use of this information is 100% the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner Radical New Battery Could Dismantle Oil Markets The post 3 EV Stocks to Buy as the Sector Charges Up appeared first on InvestorPlace.
InvestorPlace · 2d ago
Dow Jones Slips Below 30,000 As Jobless Claims Weigh; Apple Rises But China EV Stocks Skid
Investor's Business Daily · 2d ago
Electric Car Stocks Fall As China Signals Crackdown; Nikola Nears GM Deadline
Investor's Business Daily · 2d ago
Dow Jones Falls From Record Highs; Tesla Drops On Recall, While Chinese EV Stocks Li Auto, Nio, Xpeng Tumble
The Dow Jones Industrial Average dropped from record highs, as Tesla stock skidded on a vehicle recall. Nio dived on a Chinese government investigation.
Investor's Business Daily · 2d ago
NIO Limited, XPeng among major consumer cyclical premarket losers' pack
Hepion Pharmaceuticals (HEPA)-28% after prices equity offering at $1.50.Fuel Tech (FTEK) -25%.ECMOHO (MOHO) -24%.Ideanomics (IDEX) -17%.Nikola (NKLA) -15% on concerns over GM deal, gauntlet of stock.Blink Charging (BLNK) -12%.Li Auto (LI) -12%  Chinese EV stocks
Seekingalpha · 2d ago
Electric vehicle sector is under pressure following dizzying rally
The wild ride for electric vehicle stocks could be calming down as investors finally pull back on the multi-month buying spree tied to the U.S. election, strong sales reports out
Seekingalpha · 2d ago
Selling pressure in the EV sector following dizzying rally
The wild ride for electric vehicle stocks could be calming down as investors finally pull back on the multi-month buying spree tied to the U.S. election, strong sales reports out
Seekingalpha · 2d ago
Nikola's stock tumbles to put record 8-day win streak in danger
Shares of Nikola Corp. undefined dropped 16.1% in premarket trading Wednesday, putting them on track to snap a record eight-day win streak in which the...
MarketWatch · 2d ago
Benzinga Pro's Top 5 Stocks To Watch For Wednesday Nov. 25: WIMI, RKDA, ANIX, JKS, NIO
Today's 5 Stock Ideas:  WiMi Hologram Cloud (WIMI) - A play on on hologram head-mounted displays. The company announced on Tuesday a new hologram head-mounted display has been licensed by the FCC to
Benzinga · 2d ago
Chinese EV Names On Watch After Reuters Reported China's NDRC To Investigate EV Projects Nationwide
https://in.reuters.com/article/china-stocks-midday/china-shares-slip-as-ev-stocks-drag-hong-kong-gains-idUSL1N2IB06N?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link
Benzinga · 2d ago
Webull provides a variety of real-time NIO stock news. You can receive the latest news about NIO Inc. through multiple platforms. This information may help you make smarter investment decisions.
About NIO
Nio, Inc. designs, manufactures and sells smart and connected electric vehicles. It manufactures autonomous driving electric vehicles integrated with next generation technologies and artificial intelligence. It manufactures ES8, which is a seven-seated all aluminum alloy body electric sports utility vehicle (SUV). It is equipped with e-propulsion system which is capable of accelerating from zero to 100 km per hour in 4.4 seconds and delivering a New European Driving Cycle driving range of up to 355 Kilometers (km) and a maximum range of up to 500 km in a single charge. It is also focused on providing vehicle charging solutions, which include Power Home, Power Swap, Power Mobile and Power Express service. It also offers various value-added services to its users, such as statutory and third-party liability insurance and car damage insurance through third-party insurers, repair and routine maintenance services, courtesy car during lengthy repairs and maintenance and roadside assistance.
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