NIO stock bounces back again, and J P. Morgan suggests it may be ‘bottoming out’

“But I think we’re getting close to this spot where it’s going to be more about the how long we hold rather than how high we go.” He cited tighter financial conditions for loans, a deteriorating consumer, challenging commercial real estate and high borrowing costs for housing as factors for a challenging backdrop in the sector. “US consumers are likely to curtail spending ahead, with apparel & footwear being the most likely areas of pullback,” he said in a note to clients Monday.

• In addition to reporting standard equity and debt issues, institutions with more than 100MM assets under
  management must also disclose their put and call option holdings.
• After the recent rise, NIO’s year to date returns now exceed that of Tesla’s that is up 451% for the year.
• Energy is the top-performing S&P 500 sector in September, up by more than 2%.
• “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.”

China is the world’s largest market for ICE (internal combustion engine) cars as well as electric cars. In an apparent bid to attract Tesla, China allowed the company to go solo in the country without any domestic partner. Other automotive companies banco chase más cercano have to form partnerships with domestic Chinese companies if they intend to do manufacture cars in the world’s second largest economy. The value of investments may go down as well as up and investors may not get back the full amount invested.

JP Morgan dismantles Short-seller report, remains positive on NIO

In the past 52 weeks alone, NIO stock has gained 2,138%, and according to J.P. San Francisco Fed President Mary Daly noted that more data is still needed to determine whether the central bank needs to further tighten monetary policy. The S&P 500 is on track to end September nearly 4% lower, extending losses after dropping 1.8% in August. But after the index has ended at least 1% lower in both August and September, it has finished October up nine of the past 10 times, according to Ryan Detrick, chief market strategist at Carson Group. On Sunday, the company also revealed that due to an investigation into subsidary Hengda Real Estate it was unable to issue new notes under its debt restructuring plan. In a filing with the Hong Kong exchange, Evergrande said “the sales of the Group has not been as expected by the company” since its March debt restructuring announcement.

“Share outperformance.” Now there’s a vintage term which on account of the stock market’s woeful action in 2022 might be somewhat forgotten. However, that appears to be the case for NIO (NIO) in recent times. This month, all the main indexes have continued to put in an abject display, but shares of the Chinese EV maker have defied the market and are up ~30%.

CNBC Pro: This chip stock has a ‘50% margin’ which competitors could ‘struggle to catch up with’, analyst says

NIO Inc. is a pioneer in China’s premium electric vehicle market. The company designs, jointly manufactures and sells smart and connected premium electric vehicles, driving innovations in next generation technologies in connectivity, autonomous driving and artificial intelligence. Goldman Sachs has forecast “healthy” growth in new lending at three major Indian banks over the next six months, which could lead to a significant upside for those stocks. Li Auto — U.S.-traded shares of the Chinese EV company dropped 10% following news that Huawei made moves in the increasingly competitive space. The telecommunications giant teased two new electric cars — its first sedan and a high-end SUV — at its launch event Monday. Huawei partners with an auto manufacturer to sell cars under the Aito brand.

Why Is OpGen (OPGN) Stock Up 115% Today?

Shares in Nvidia tripled this year as the company’s market valued topped $1 trillion over the optimism surrounding its artificial intelligence-powered applications. This is also the fourth straight month that the country’s core inflation rate has slowed. The figure also came in lower than the 3.5% expected Me estafaron como recupero mi dinero by economists polled by Reuters. 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%. Hong Kong’s Hang Seng index slipped 1.65% in its final hour of trade, with mainland Chinese markets also in negative territory.

Carnival Earnings: Strong Booking Momentum Weighed Down by Higher Near-Term Cost Outlook

Friday’s level was its highest since Oct. 18, 2007, when the 10-year Treasury yield hit 4.57%. Coterra Energy and EOG Resources shares outperformed in the sector, up by 2.3% and 1.9%, respectively. Energy was the leading advancer in the S&P 500 Monday, with the sector last rising 0.9% in midday trading. Stocks reached session highs midday Monday, all trading in positive territory.

Chinese electric carmaker NIO suspended production for five days this week because of a chip shortage, prompting many investors to ask if this is something to worry about. At least in JP Morgan’s view, there is nothing to worry about yet. The U.S. and Eurozone central banks are very close to being done with their hiking cycles, according to Citi, amid a stronger-than-expected U.S. economy and a weaker European economy. The bank has lowered its GDP outlook for the Eurozone accordingly. A tough August and September can give way to a strong October for stocks, historical data shows.

In fact, the number mentioned by Grizzly Research was achieved 14 months ago (April 2021) and the EV maker should have around 215,000 – 217,500 vehicles on the road, 115,000 more than the number indicated by the author of the report. Nevertheless, in NIO’s target premium segment, we expect relatively limited competition and forecast the company to double its sales to 90k units vs. 44k last year. The bank said in a research note on March 28 that assuming NIO delivers 19,500 units in the first quarter and all else remains equal, this represents a potential 2/3% top/bottom line shortfall respectively against their forecasts. Regarding the overall new energy vehicle (NEV) market, Lai said he remains “constructive” this year, but he believes the growth rate will decelerate sharply, to 23% in 2023 from 80% in 2022.

The Magnificent Seven could be considered the messy seven after a ‘meh’ third quarter

NIO Inc. is a multinational EV manufacturer and one of China’s top 6 manufacturers. The company was founded in 2014 by Lihong Qin and William Li as NextEV. The company rebranded and relaunched in 2017, however, this time as Nio Inc, and is best known for its revolutionary take on batteries. Nio Inc. is headquartered in Shanghai, the People’s Republic of China. The company hit a major milestone in mid-2022 by delivering its 218,000th vehicle.

To see all exchange delays and terms of use please see Barchart’s disclaimer. (NIO) raised $1.2 billion in an initial public offering on Wednesday, September 12th 2018. The company issued 160,000,000 shares at a price of $6.25-$8.25 per share. Morgan served as the underwriters for the IPO and BofA Merrill Lynch, Deutsche Bank Securities, Citigroup, Credit Suisse and UBS Investment Bank were co-managers. The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023. This is referencing a brighter tomorrow brought about by revolutionary technology in EV and battery technology.

Regarding the overall new energy vehicle (NEV) market, Lai said he remains “constructive” this year, but he believes the growth rate will decelerate sharply, to 23% in 2023 from 80% in 2022. Lai cut his rating to neutral, after being at overweight since October 2020. Chinese electric car manufacturer NIO Limited (NIO) just may be one of the hottest stocks in an already overheated stock market.

NIO is scheduled to report 1Q2i results around May 28″. We expect a further uptick in revenue (YoY and QoQ) and continued expansion in margins. We retain our full-year estimate unchanged for now. On near-term chip shortage and production shortfall, we believe the impact on 12-month forward earnings will be limited if supply tightness eases towards year end, as we anticipate. For the demand and supply equation in the NEV market, we believe it is now a consensus view that demand will be very robust and we agree that competition will intensify in 2H21 after numerous new models arrive.

It named three lenders, that are expected to outperform the sector over the next 12 months, as “Top Buys”. Portfolio manager Kamil Dimmich of North of South Capital says the word on the ground is How to Make Money in Stocks that stocks in technology firm Nvidia are cheap – even as he may personally not think so. Asia-Pacific markets are mixed as investors look toward inflation data from across the region this week.