When regulators halted trading on China-based firm Luckin Coffee (NASDAQ:LK), investors sent Nio (NYSE:NIO) stock lower. Yet the fraud by Luckin is a company-specific problem. Nio is in far better shape.The company posted March delivery numbers that showed a rebound of demand for its vehicles in China. The improving fundamentals suggest that Nio stock may start building on its uptrend that started in early April.Source: THINK A / Shutterstock.com March 2020 Delivery UpdateNio posted a 117% month-over-month increase in vehicle deliveries in March. The company's production capacity rebounded, helping its deliveries top 1,533 vehicles in March. That consisted of 1,479 5-seater ES6 SUVs and 54 of the 7-seater ES8s SUVs.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn April, Nio will start delivering an all-new ES8 that has over 180 improvements. Nio's CEO, chairman and founder William Bin Li said that "in parallel with our continued online sales efforts, our...
Tesla reported a surprise profit and better-than-expected margins for the first quarter. As a result, Canaccord Geunity analysts raised their price target for Tesla Inc (NASDAQ:TSLA) stock from $400 to $650 per share, although they maintained their Hold rating on the shares. Tesla margins, profit surprise The automaker reported earnings of $1.24 per share on […]...
It seems clear that the coronavirus pandemic triggered a recession, and now there are questions about whether Fannie Mae and Freddie Mac will still be able to exit conservatorship any time soon. Nomura analysts believe Fannie Mae and Freddie Mac are ready for a recession and see “speed bumps” rather than detours on the road […]...
I’m interested in growth because I’m young and my risk tolerance is higher. Companies that pay dividends don’t appeal to me because I don’t need the recurring income, as I have a job to pay my bills. I would rather see companies use that money to fuel their growth in the short and long term. […]...
Stocks were lower Friday morning after the latest batch of corporate earnings results suggested a grim outlook for the current quarter and President Donald Trump threatened retaliation on China over the coronavirus pandemic....
(Bloomberg) -- Exxon Mobil Corp. posted its first loss in at least 32 years while Chevron Corp. deepened spending cuts amid the economic and industrial devastation wrought by the Covid-19 contagion. The worst may be yet to come.Exxon reported a $610 million loss on Friday, the oil giant’s first since at least 1988, and said it’s shutting hundreds of thousands of barrels of daily output. Meanwhile, Chevron slashed capital spending for the second time in five weeks and accelerated supply curbs.The results are precursors of even starker figures to come because the earnings period ended on March 31 -- three weeks before crude prices tumbled into negative territory for the first time in history. Exxon fell 1.8% to $45.63 at 9:45 a.m. in New York trading. Chevron dropped 2.3%.Oil producers are slashing spending and production to cope with the collapse in energy demand that’s accompanied coronavirus lockdowns around the world. The...
