Category: Trucking News

Why Nio's Stock Is Trading Lower Today

NIO (NYSE: NIO) shares are trading lower on Friday. Weakness appears related to growing U.S.-China tensions after China ordered the U.S. to close the consulate in Chengdu, which has affected Chinese and American markets.Increasing U.S.-China tensions could mean an increase in tariffs and banning certain companies from the opposing country. Whether or not trade tensions impact a certain sector directly, the implications could spread macroeconomically and hurt the overall economy.Nio operates in China's premium electric vehicle market. The company designs and jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving, and artificial intelligence.Nio's stock was trading 4.03% lower at $11.65 at the time of publication on Friday. The stock has a 52-week high of $16.44 and a 52-week low of $1.19.See more from Benzinga * 3 Things To Look For In Tesla's Q2 Earning Report * Can Tesla's Stock Maintain The...

Why Zynga (ZNGA) Stock is a Compelling Investment Case

Brown Advisory recently released its Q2 2020 Investor Letter, a copy of which you can download here. The Mid-Cap Growth Fund posted a return of 31.64% for the quarter, outperforming its benchmark, the Russell Midcap Growth Index which returned 30.26% in the same quarter. You should check out Brown Advisory’s top 5 stock picks for […]...

Ahead of Earnings, Buy the Dip in Starbucks Stock

Since mid-April, all's been quiet for Starbucks (NASDAQ:SBUX), at least in the equity market. SBUX stock saw a brief rally in early June, but that aside has stalled out.Source: Grand Warszawski / Shutterstock.com I expect that will change soon -- and possibly next week. Starbucks reports fiscal third-quarter earnings on Tuesday afternoon. And that release should be a catalyst for Starbucks stock.To be sure, the numbers in the U.S. are going to be soft. But as economies worldwide reopen, Starbucks should see improvement. That's particularly true in China, a key market for the company and one with a suddenly wounded competitor.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis is not a quarter that, fundamentally, will look impressive. But I expect there will be enough to remind investors that Starbucks is one of the world's great companies. With SBUX stock down about 17% year-to-date, that should be more than enough....