The National Association of Home Builders CEO Jerry Howard joins Yahoo Finance’s Zack Guzman to discuss the June NAHB Index, which saw builder optimism climb amid the housing rebound....
Shares of Chinese electric vehicle manufacturer Nio Inc - ADR (NYSE: NIO) have been on a roll since the start of June, with year-to-date gains of about 70%.Industry, Company Fundamentals Improve: Nio's strong gains are predicated on improving fundamentals at the company, with order growth and cost discipline propping up the top- and bottom-line.In late May, the company reported better-than-expected bottom-line performance despite a top-line miss, with revenue impacted primarily by the COVID-19 pandemic.The company has picked up since then. After bottoming in February, orders have started to rebound. Nio is now projecting record deliveries of 9,500-10,000 vehicles in the second quarter.Industry fundamentals have also bottomed. The Chinese EV market is slowly and steadily improving in the wake of the coronavirus -- and the softness induced by the government's cutback in EV subsidies.Stellar Stock Gains: From $3.98 at the end of May, Nio gained about 72% through Monday. On June 2,...
The Trump administration has asked the U.S. Supreme Court to revive a permit program that would allow the disputed Keystone XL pipeline and other new oil and gas pipelines to cross waterways with little review. Earlier this year, a Montana judge suspended the U.S. Army Corps of Engineers’ permit program when environmental groups seeking to block construction of the Keystone XL oil pipeline argued the permit process allows companies to skirt responsibility for damage done to water bodies. Industry representatives said U.S. District Judge Brian Morris' ruling blocking the program could also delay more than 70 pipeline projects across the U.S. and add as much as $2 billion in costs....
JD.com Inc (NASDAQ: JD) is poised to benefit from positive industry trends, with recent data on e-commerce and express couriers suggesting a recovery, according to BofA Securities.The JD.com Analyst: Eddie Leung maintained a Buy rating for JD.com, while raising the price target from $60 to $70.The JD.com Thesis: While China's online retail sales of physical products grew 20% year-on-year in April and May, the parcel volume of couriers, most of which comprises of e-commerce, surged 37%, Leung said in the note.He added that this growth was driven by pending demand for categories like appliances, it was also led by "continuous strong momentum" in categories like groceries, food & beverages, and fresh produce.The analyst expects JD.com's growth to match this trend and believes the performance can be even better due to the company's: * Low exposure to apparel, a category that is under pressure * User growth in non-major cities, driven by...
On Monday, Hertz Global Holdings Inc (NYSE: HTZ) announced it would be selling up to $500 million in common stock. In the same filing, the bankrupt company said those shares of stock are unlikely to ultimately hold any value unless higher priority debtholders are fully paid, and short sellers seem to see that news as a slam-dunk trade.On Tuesday, S3 Partners analyst Ihor Dusaniwsky said Hertz short sellers have covered $46 million of their positions over the past month. However, in recent days Hertz's short interest has once again risen by 5.7 million shares worth about $9 million.Hertz's short interest now stands at $148 million, roughly 36.9% of the stock's float. Dusaniwsky said Hertz's borrow fee has jumped to 112%, and short sellers are currently paying more than $461,000 per day to maintain their positions.Short Squeeze Potential: Year to date, Hertz has been an extremely profitable trade for short sellers, which...
To no one’s surprise, the cruise line industry has been pummeled by the coronavirus pandemic. From the viral outbreak on the liner Diamond Princess, to ongoing headlines along the lines of ’40,000 Cruise Ship Workers Trapped at Sea,’ to the heavy share price declines among the industry stocks, the news has been unrelentingly bad.But nothing lasts forever, not even bad news, and what goes down must eventually come back up. Even cruise line stocks. The industry is down about 60% year-to-date, drastically underperforming the travel segment generally, but in recent weeks cruise line shares have surged 75%. At the macro level, JPMorgan analyst Brandt Montour makes a case for both near-term risk and longer-term recovering among the cruise lines. The risks are obvious: the potential for coronavirus outbreaks on the ships, mitigated by the companies reopening at partial capacity. On the positive side, Montour credits “…the pent-up demand for vacationing seen...
