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Chinese tech giant Baidu was trading sharply higher in US premarket trading today after the company’s fourth quarter earnings beat estimates. What’s the outlook for the stock and can it continue to rise further? The company’s revenues increased 5% in the quarter to $4.6 billion. The revenues were slightly ahead of what analyst were expecting….
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Alibaba stock was trading higher in US premarket trading today after reports suggested that Ant Financial has reached an agreement with Chinese regulators. While Alibaba stock was having a strong run in the first half of 2020, the stock looked in the fourth quarter. Chinese regulators stopped the IPO of Alibaba-backed Ant Financial in November….
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Tesla stock was trading lower in US premarket trading today after the company missed its fourth quarter 2020 earnings. The stock has risen sharply over the last year and Tesla’s CEO Elon Musk tried to justify its valuation during the earnings call. Tesla released its fourth quarter earnings yesterday after the markets closed. It reported…
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The fourth quarter earnings season is in a full swing. Popular EV (electric vehicle) maker Tesla is also scheduled to release its earnings this week. What are analysts expecting from the company’s fourth quarter earnings? Tesla has posted better than expected earnings for the last five consecutive quarters. The winning streak began in the third…
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Alibaba stock was trading sharply higher in US pre-market trading today after reports that its founder Jack Ma, who wasn’t been seen in public since October, has resurfaced. Alibaba stock missed most part of the tech rally in 2020. While the stock was trading on a positive note until about September, the tide turned in…
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The clean energy sector has been dramatically favored by the pandemic, as a shift towards renewable sources of energy and technologies including hydrogen fuel cells, wind, and solar solutions have gained traction as feasible ways to deal with the issue of climate change. During 2020, the largest clean energy exchange-traded funds (ETF) have seen tremendous…
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NIO stock was among the biggest gainers in 2020 with a rise of over 1,100%. The company has provided more details about its upcoming sedan ET7 during the NIO Day last week. What factors could drive NIO stock higher from these levels? NIO had announced the launch of its sedan earlier this year only when…
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Tesla delivered a record 180,570 cars in the fourth quarter of 2020 taking its full-year deliveries to 499,550. The company created several records in the year but would these be enough to justify the rally in its stock? To be sure, while Tesla missed half a million deliveries that it was targeting for 2020, its…
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Nikola stock surged over 19% on Monday after a bullish note from JP Morgan. The stock is, however, down sharply from its 2020 highs. Can Nikola deliver good returns in 2021? 2020 was an incredible year for electric vehicle companies and we saw a rerating of all the companies in the electric vehicle ecosystem. Tesla’s…
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Yesterday, XL Fleet listed by completing its reverse merger with SPAC (special purpose acquisition company) Pivotal Investment. SPACs have been the preferred listing mode for loss-making companies this year. Many electric vehicle companies including Nikola, Fisker, Lordstown, and battery maker QuantumScape have listed through the SPAC route this year. Earlier this year, famous fund manager…
