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The global supply chain seems broken. Several companies have pointed to supply chain woes, both domestically as well as internationally. What do these supply chain issues mean for the markets? To begin with, the global supply chain problem is multi-faced. To begin with, there is a crippling semiconductor shortage. Since these chips go into everything…
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The global chip shortage situation is taking a toll on automotive companies. Tesla would soon release its third-quarter deliveries which would provide insights into how much the chip shortage situation is impacting the company. Chinese electric vehicle makers NIO and Li Auto have already lowered their delivery guidance for the third quarter. Earlier this month,…
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Cathie Wood of ARK Invest, who is among the most prominent Tesla bulls, has reiterated the $3,000 target price for the EV (electric vehicle) company even as TSLA admitted to delays in the delivery timelines for upcoming models. Tesla had unveiled its Cybertruck pickup in 2019 with much fanfare. While the event was marred by…
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ACY Securities is an online broker that offers users to trade a variety of financial assets with leverage. Also, by using an ECN execution, the Australian broker is able to offer fast market execution, low trading fees, and a transparent trading environment. So, if you are wondering if ACY Securities is the right broker for…
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Nvidia stock was trading higher in early US price action today and hit its new 52-week highs. The stock is among the top 30 S&P 500 gainers in the year and more gains could be on the card for investors. Nvidia stock was among the top S&P 500 gainers in 2020 also and is among…
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Chinese EV (electric vehicle) stocks including NIO, Xpeng Motors, and Li Auto were trading higher in early US price action today as markets gave a thumbs up to their July delivery report. The price action is in stark contrast to the last month when Chinese EV stocks had fallen after reporting their June deliveries. While…
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Chinese startup electric vehicle company XPeng has gone for a dual primary listing in Hong Kong and the stock closed flat on its debut. Could other Chinese EV (electric vehicle) companies follow suit? Chinese companies listed in the US have been finding themselves in a peculiar situation. On one hand, Chinese tech companies are facing…
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Chinese EV (electric vehicle) companies including NIO, Li Auto, and XPeng Motors have released their June deliveries. While all the companies reported better than expected deliveries, their stocks did not react favorably. Li Auto released its June delivery report today. The EV company delivered 7,713 Li ONEs in the month which were 320% higher than…
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MicroStrategy stock is trading sharply lower in US market price action today amid the crash in bitcoin prices. Should you buy the dip in the stock? MicroStrategy’s core business is into providing business intelligence. However, the company has gradually morphed into a dual business where it has been acquiring bitcoins. Looking at the core business,…
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Tesla revealed its Model S Plaid model at an event yesterday. The high-end electric car would be pitched against other luxury models. The Model S along with Model X are among the older models in Tesla’s portfolio. The company did not produce these in the first quarter of 2021 as it was working to revamp…
