Hudson Technologies — The reseller of sustainable refrigerant products advanced 5.8% after Canaccord Genuity initiated coverage of the stock at a buy rating. The firm said the company is likely undervalued and should be helped as refrigerant reclamation gains popularity. Chefs’ Warehouse — The specialty food distributor popped 1.6% after UBS initiated coverage of the stock at a buy. UBS said the company has an attractive business model, even as it faces some near-term challenges. Analysts like NIO less than other Auto/Tires/Trucks companies. The consensus rating score for NIO is 2.30 while the average consensus rating score for auto/tires/trucks companies is 2.49.
October 2015 saw an 8.3% climb, while the index jumped 10.8% in October 2011. The Dollar Index remained positive this morning after spiking to a high of $105.78, its highest level since March 8. For the week, the DXY is up 0.14%, on pace for its 10th weekly gain in a row. The headline inflation rate also slowed to 4%, in line with expectations and its lowest level since January 2022. The core inflation rate, also known as the MAS core inflation measure, strips out prices of accommodation and private transport.
Upcoming models are the ES3 SUV crossover and the EF9 minivan.
The Chinese electric-vehicle maker’s stock sold off by 13% Tuesday, one day after NIO delivered a tiny sales “beat” — but lost twice as much money as analysts had bargained for.
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Singapore’s core consumer price index climbed 3.4% in August from a year ago, its lowest rate of increase since April 2022’s figure of 3.3%.
By using the combination, NIO maximised its cash investment return opportunities.
Lai cut his rating to neutral, after being at overweight since October 2020.
While markets are valuing electric vehicle stocks like tech companies, they might not be able to post the kind of margins that tech companies like Apple enjoy. 10 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for NIO in the last year. There are currently 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should “hold” NIO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NIO, but not buy additional shares or sell existing shares.
Although we don’t know the exact number of vehicles that NIO has delivered as of June 28, it is certainly much more than the 100,000 mentioned by Grizzly Research. On April 7, 2021, the company announced the production of the 100,000th vehicle. Six weeks ago (May 15) NIO delivered its 200,000th vehicle and ended the month with cumulative deliveries of 204,936 vehicles — after delivering 7,024 units in May 2022.
Sealed Air — The food packaging stock climbed 3.6% following an upgrade by Citi to buy from neutral. The firm said the company is at a discounted valuation and could see third-quarter earnings as a catalyst. GE HealthCare Technologies — Shares of the medical technology gained 3.3%. On Friday, GE HealthCare announced paladio precio a cash dividend of 3 cents per share for the third quarter. The dividend will be payable Nov. 15 to shareholders of record as of Oct. 20. Cash segmentation and adopting two different money market strategies (both subject to stringent credit quality frameworks) have positioned NIO to meet these needs.
Liquidity Insights
Oplinger also joined Alcoa’s board of directors, the company added. By investing in high quality institutional money market solutions in their overall portfolios, they can achieve diversification, especially important when China’s new regulations are phasing out principle-guaranteed products. NIO also benefitted from JPM GL’s Morgan Money, a multi-currency, 24/7 trading and risk management platform. Morgan Global Liquidity (JPM GL) after its 2018 initial public offering. JPM GL’s USD liquidity solution satisfied NIO’s low risk tolerance,need for timely access to dollars and, importantly, its desire for security.
“With the resumption of student loan repayments, we believe this could be a catalyst that weighs further on already soft sales at some of our specialty apparel coverage. To this end, we believe URBN and FL could be affected.” After a recent survey, analyst Corey Tarlowe downgraded both stocks to hold from buy. According to TipRanks, Hsiao is an analyst with an average return of -28.9% and a 17.78% success rate. Hsiao covers the Consumer Goods sector, focusing on stocks such as Nio, Li Auto, and XPeng, Inc.
In addition, Lai believes NIO’s target for 2023 deliveries of 240,000 to 250,000 is “ambitious,” and he’s modeling for deliveries to be much lower, around 190,000.
NIO stock falls after ‘tactical’ downgrade by J.P. Morgan on margin concerns
JD.com — U.S.-listed shares of the Chinese e-commerce stock slid 2.1% as concerns over the state of the country’s economy grew. A central bank official said on Sunday that the country has little room to further relax monetary policy and said the economy instead needs major reforms. Dow Inc. — Shares added about 1.7% after JPMorgan upgraded the petrochemicals company to overweight from neutral, citing potential upside from higher oil prices. NIO stock was trading almost 1% higher in pre markets today even as Nasdaq futures point to a gap down opening.
NIO Company Calendar
Japan’s Nikkei 225 climbed 0.85% and the Topix was up 0.39%, rebounding from losses last week and closing at 32,678.62 and 2,385.5 respectively. The spread between the U.S. 2-year and 10-year notes also climbed to 62.09 basis points, its highest level since hitting 56.40 basis points on May 24. Fed officials’ projections released last week about where rates are headed indicated “a little longer than than seemed like what the market had thought,” Goolsbee added. The early demand metrics for the newest batch of iPhones are an encouraging signal for Apple investors, according to Morgan Stanley. By comparison, the S&P 500 and the Nasdaq were just up 0.1%, each, on Monday.
JPMorgan says oil can hit as high as $150 a barrel
NIO’s (NIO) Q4 earnings were disappointing — and (most) investors were disappointed. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
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In Australia, the S&P/ASX 200 rose 0.11%, reversing earlier losses and ending at 7,076.5. Singapore and Australia are expected to report inflation figures for August this week, while Japan will release inflation data for the Tokyo region. The capital region’s inflation data is seen as a leading indicator of nationwide trends. As such, Evergrande “considers best agriculture stocks it necessary to re-assess the terms of the proposed restructuring to meet the company’s objective situation and the demand of the creditors.” Crypto prices were lower to start the final trading week of September and the third quarter. The yield on the current 10-year Treasury hit a high of 4.506%, hovering near Friday’s high of 4.509%.
SmileDirectClub Inc. sank in the extended session Friday after the teeth-straightening company said voluntarily filed for Chapter 11 bankruptcy protection. To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Get this Top 10 commodities delivered to your inbox, and more info about our products and services. To find good ideas for EV stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. We’d like to share more about how we work and what drives our day-to-day business.
Why Is OpGen (OPGN) Stock Up 115% Today?
Stockton also said that technology stocks will likely lead the market out of a corrective phase. But she warned that Nvidia, the artificial intelligence darling whose stock has soared more than 185% in 2023, may not be a top performer this time around. When looking at the near-term, she pointed to difference within the subsector. While some semi stocks are seeing support, others are currently oversold.
NIO Inc recognizes batteries are the most expensive part of the EV and that charging is the most restrictive. To combat both problems the company designs its cars so the batteries are easily removable which factors into the long-term plans. NIO Inc is also building out a network of battery-swapping stations that will allow drivers to pull in and swap a dead battery for a fully charged one. “The report is without merit and contains numerous errors, unsupported speculations and misleading conclusions and interpretations regarding information relating to the Company.
About NIO (NYSE:NIO) Stock
Urban Outfitters, Foot Locker — Shares of Urban Outfitters fell 4%, while Foot Locker slid 2.9% before the bell after Jefferies downgraded the stocks to hold from buy. Jefferies said the companies could be impacted by pullbacks on consumer spending. Bitcoin briefly fell to as low as $26,011.41 Monday morning, its lowest level in almost two weeks, according to Coin Metrics. The flagship cryptocurrency is on pace to end the month flat but is heading for a third-quarter loss of 14%. “So we’re just going to have to play by ear the how much is still coming down the pike versus how much was expected and was was already in there,” the central bank official said during a CNBC “Squawk Box” interview.
AstraZeneca — Shares rose 1.4% after Jefferies upgraded the stock to buy from hold. The upgrade comes after one of its breast cancer therapies, in joint development with Daiichi Sankyo, came out with positive results in a late-stage trial on Friday. Microsoft shares were down slightly by 0.3% in midday trading. Semiconductor stocks were among notable gainers Monday after lagging this month. The iShares Semiconductor ETF rose 0.4% in early afternoon trading, after falling more than 8% this month.
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