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NIO stock tumbled over 7% on Friday but is trading around 1% higher in pre markets today. Citron Research, which was bullish on the Chinese electric vehicle maker, came up with a bearish report on the company that led to the sell-off. Can NIO prove Citron Research wrong with its Q3 earnings that are scheduled…
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Li Auto was trading over 20% higher in pre markets today after its third quarter earnings beat expectations. XPeng, another Chinese electric vehicle maker, had also surged yesterday after posting better than expected third quarter earnings. XPeng’s earnings led to a spike in other Chinese electric vehicle stocks also. Li Auto closed over 27% higher…
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XPeng, that listed earlier this year only, was trading sharply higher in pre markets today after posting strong sets of numbers in the third quarter. XPeng delivered 8,578 electric cars in the third quarter, a year over year increase of over 265%. The deliveries for P7, which commenced in June only, increased to 6,210 in…
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NIO stock has been on a fire this year. On Monday, it gained almost 9% and rose to a record high. Over the last five days, it has risen 28% outperforming the markets by a wide margin. Can the uptrend in NIO stock continue? On Monday, NIO reported its October deliveries that showed deliveries more…
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Ford stock was trading sharply higher in pre markets today after posting better than expected earnings in the third quarter. Stock prices of legacy automakers like Ford, General Motors, and Volkswagen have sagged over the last year even as electric vehicle stocks have risen sharply. Can legacy automakers stage a comeback and Ford stock rise…
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Snap stock was trading over 24% higher in pre markets today after posting better than expected third quarter earnings. However, Netflix which also reported its earnings yesterday missed consensus estimates and its stock was trading down in pre markets. Snap’s third quarter earnings Snap generated revenues of $679 million in the third quarter which was…
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This week is the busiest week for S&P 500 with companies including Tesla and Netflix reporting during the week. What’re analysts projecting for Netflix’s third quarter earnings and how’s the stock placed ahead of its release? The earnings season is in full swing and streaming giant Netflix would report its third quarter on 20 October….
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Chinese electric vehicle maker NIO soared over 23% on Wednesday after JP Morgan raised the stock’s target price. Electric vehicle stocks are up sharply this year as investors have embraced the vehicle electrification story. Is there more upside ahead for electric vehicle stocks? JP Morgan raised NIO’s target price On Wednesday, JP Morgan raised NIO’s…
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The IMF (International Monetary Fund) has warned of a “sharp adjustment” in markets even as it increased its 2020 global GDP growth forecast. Several other analysts have been warning about a stock market crash pointing to the soaring valuations despite the economic slump caused by the COVID-19 pandemic. IMF warns of a market crash “There…
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On Thursday, Mizuho initiated coverage on Zoom Video Communication stock with a buy rating and a target price of $550, implying an upside of over 15% over the next 12-months. Over the last month, many analysts have raised Zoom’s target price. Should you also get bullish on the video communication company? Mizuho analysts said that…
