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Clover Health stock rose over 20% yesterday and was trading higher in US premarket trading today. Should you buy the stock? The Center for Medicare and Medicaid Innovation has selected Clover Health as one of 53 companies to participate in Medicare and Medicaid’s Global and Professional Direct Contracting Model. The stock rose sharply towards the…
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Apple is reportedly planning to postpone the production of its MacBook and iPads as the global chip shortage takes a toll on the companies supplies. Apple is the latest entrant among the long list of companies that have been hit by the shortage of semiconductors globally. The automotive industry has been particularly hit hard by…
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Chinese electric vehicle Li Auto was trading lower in US premarket trading today after the company announced plans to raise capital by issuing convertible debt. The company would issue convertible senior notes due 2028 to raise %750 million. It plans to grant the initial purchasers in the Notes an option to purchase an additional US$112.5…
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As the price of Bitcoin continues to shoot upward, more and more traders around the world are looking to break into the world of cryptocurrency trading. But with high volatility in the crypto market and the short-lived nature of trading opportunities has made it hard for many day traders to turn a profit. CryptoSignals.org is…
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Tesla delivered 184,800 electric cars in the first quarter of 2021 which was a new record despite the first quarter being seasonally weak for the company. Generally, Tesla’s delivery numbers are lower than the production numbers as some cars produced in the quarter remain in transit. Unlike legacy automakers that carry huge inventories, Tesla is…
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NIO stock was trading sharply higher in US premarket trading today after it released its March deliveries which were ahead of its guidance. Earlier this month, NIO had said that it would halt production for five days due to chip shortage. Automakers including Ford, General Motors, and Volvo also had to curtail some production as…
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China today released its official PMI (purchasing managers index) data which was better than expected. However, Chinese stock markets closed in the red amid the sell-off in Asian markets today. China’s official manufacturing PMI was 51.9 in March, which was ahead of the 50 that analysts were expecting. The PMI stood at 50.6 in February….
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Clean energy stocks jumped yesterday following a White House update on President Joe Biden’s proposed infrastructure bill, which includes financial aid, tax credits, and funds for research and development activities for initiatives in the renewable energy industry. According to administration officials, Biden’s proposal would result in a $2 trillion infrastructure spending bill that seeks to…
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We’re now approaching the end of the first quarter. Soon, electric vehicle (EV) companies like Tesla, NIO, Li Auto, and XPeng would release their delivery numbers. Here’s what to watch in these companies’ delivery numbers. While Tesla releases the quarterly production data and provides annual guidance, Chinese electric car companies like NIO, XPeng, and Li…
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Since the pandemic hit, infrastructure stocks have provided sound returns for investors, possibly as market participants have been expecting a ramp-up in fiscal spending as a way to bolster employment in the aftermath of the virus crisis. Stocks of companies like Deere & Company (DE), Caterpillar (CAT), along with Global X’s US Infrastructure Development ETF…
