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  • A Deep Dive into Tesla Stock – 2023 Performance

    A Deep Dive into Tesla Stock – 2023 Performance

    Tesla, Inc. (NASDAQ: TSLA) stands as one of the compelling narratives of the year, eliciting diverse perspectives among investors.

    The dichotomy between those captivated by Tesla’s visionary strides in autonomous driving and cutting-edge technologies and those adhering to conservative investment principles underscores the interest surrounding this US stock.

    As we delve into the details of Tesla stock’s 2023 performance, this article aims to furnish stock market participants and traders with a comprehensive analysis.

    Beyond the fervor surrounding Tesla, we will dissect the key factors shaping its stock trajectory, shedding light on financial metrics, industry trends, and macroeconomic influences

    Whether you’re a Tesla supporter, a cautious observer, or a pragmatic trader, join us in unraveling the multifaceted story of Tesla stock in the year gone by, navigating the challenges and triumphs that have defined its market journey.

    Tesla’s Graph this Year

    In 2023, Tesla stock has been a standout performer, boasting a remarkable 100% return compared to the S&P 500’s 25%.

    Analyzing its trajectory using Elliott Wave Theory and Fibonacci Channel, a compelling impulsive wave pattern emerges. The application of Fibonacci retracement hints at a potential surge, with a projected target of $317, a significant leap from its current $250 mark.

    Tesla’s Graph this Year

    For traders eyeing the mid-term, the 52-week and 156-week exponential moving averages (EMAs) act as reliable guides amid the ongoing bullish momentum.

    Caution is advised, with $208 emerging as a crucial support level, aligning with the 156-week EMA. A breach of $242 could trigger a rapid upward move, fueled by the Santa Claus Rally, while $475 stands as a formidable resistance in the sights for 2024.

    Looking further ahead, the Fibonacci channel suggests a long-term target of $675, the ultimate resistance in the current trend.

    Any downward movements in the channel present strategic opportunities to accumulate positions, especially with supportive market conditions signaled by the Fed’s decision not to hike rates and potential cuts in 2024.

    As traders navigate this bullish landscape, vigilance around critical levels and a strategic eye on Fibonacci projections become key to optimizing positions and capitalizing on the stock’s dynamic performance.

    Q3 Results

    As we delve into Tesla stock’s 2023 performance, a critical examination of the recent quarter is necessary, revealing the challenges and shifts in its earnings release:

    1. Q3 Disappointment

      Tesla’s third-quarter results were below expectations, with reported EPS at $0.66 compared to the expected $0.73.

      The disappointing performance highlighted negative trends in growth and margins, impacting Tesla’s valuation and raising concerns about future prospects.

    2. Revenue Growth Slowdown

      Tesla, known for its robust revenue growth, averaging 40-50% annually, faced a slowdown. Q3 2023 revenue growth of 9% YoY fell below the industry average, diminishing a key factor contributing to Tesla’s premium valuation.

    3. Margins Under Pressure

      Tesla’s historical dominance in margins, boasting a 25% gross and 15% operating margin, is diminishing. Q3 saw the operating margin drop to 7.6%, aligning with the industry average and eroding another aspect of Tesla’s premium appeal.

    4. Car Sales Dependency

      Despite assertions that Tesla is more than a car company, 90% of its revenue still comes from car sales. While Full Self-Driving (FSD) is seen as a potential profit booster, questions arise about whether it will genuinely enhance earnings or merely replace them.

    5. Future Profitability Challenges

      The recent launch of the Cybertruck and its production ramp-up, requiring substantial time and capital, poses challenges to Tesla’s margins in the short term.

      Elon Musk’s acknowledgment of a prolonged path to profitability with the Cybertruck raises questions about Tesla’s current competitive edge in the auto industry.

    6. Uncertain Premium Worth

      With the disappearance of higher revenue growth and margins in Q3, the article questions the premium that Tesla currently commands.

      As Tesla transitions toward diverse business lines, its reliance on car sales prompts skepticism about the magnitude of its premium in the market.

    Future Outlook

    Having looked back at the past year performance, for Tesla stock, we can now look ahead to the future. Tesla’s future outlook presents a mixed bag of challenges and opportunities.

    Despite aiming for 1.8 million vehicle production in 2023, sustaining a 50% CAGR raises skepticism amid decelerating growth.

    Q4 needs to deliver 449K vehicles to meet targets, but a potential 2% YoY decrease in Automotive Revenue looms, exacerbated by a high-interest rate environment that could flatten Total Revenue or even turn negative.

    The spotlight on the Cybertruck reveals five major concerns. Elon Musk’s projection of a 0.25 million annual output by 2025 implies a prolonged wait for reservation holders, casting doubt on the accuracy of demand estimates.

    The base model’s price hike from $40K to $61K challenges initial expectations, possibly triggering deposit refunds and weakening demand. With a mid-tier price tag comparable to Tesla’s luxury line and other electric trucks, a production rate of 250K units seems overly ambitious.

    Musk’s worries about the impact of high interest rates on car affordability add another layer of uncertainty, potentially dampening Cybertruck sales in the coming years.

    While the near-term outlook appears gloomy, Tesla’s commitment to projects like Dojo, Optimus, FSD, and upcoming vehicle launches suggests a promising long-term trajectory, reinforcing its position as a dominant force in renewable energy solutions.

    As Tesla weathers the macroeconomic storm, its resilience may distinguish it from weaker counterparts when the storm subsides.

  • What TSLA Premarket Price Today Is Telling Us?

    What TSLA Premarket Price Today Is Telling Us?

    TSLA premarket price today displays a minor adjustment as of the last check, down by 0.81% to trade at $249.08.

    Anticipation is high as Tesla Inc (NASDAQ: TSLA) prepares to unveil its third-quarter 2023 financial results after the market’s close on Wednesday, October 18, 2023.

    On that occasion, Tesla will issue a concise advisory with a link to the Q3 2023 update, available through Tesla’s Investor Relations website.

    Tesla (TSLA) stood among premarket movers Nasdaq today after more than 1.5 million of its shares changed hand before market opens. TSLA closed the last session at $254.46 after getting a hit of 1.70% or $4.40.

    As we stand on the threshold of this earnings season, investors ponder whether these corporate results can help to steer the stocks out of their recent slump.

    Heading into the third quarter reports, market analysts foresaw earnings remaining on a plateau compared to the same period a year prior.

    As the sun heralds a fresh trading day, we find ourselves in an era of anticipation and growth. Let’s have a look at premarket movers this morning.

    TSLA premarket price today

    Advanced Micro Devices, Inc. (AMD), the ever-resilient chip giant, dances gracefully. AMD premarket price stands at $108.79, a jubilant ascent of 1.04% from its recent close.

    Zoom Video Communications, Inc. (ZM), the harbinger of connectivity, shines brilliantly. Radiating a remarkable 2.34% increase, Zoom premarket price is hovering around $150.

    General Motors Company (GM), the venerable automaker, embarks on a nuanced journey. GM premarket price of $56.78 is demonstrating a modest 0.12% dip. Apple Inc. (AAPL), the tech icon, spreads its wings.

    AAPL premarket share price is of $178.85 is exuding a positive energy which is up by 0.51%.

    Amazon.com, Inc. (AMZN), the titan of e-commerce, is also embracing the morning breeze but among the premarket gappers. AMZN premarket price is showcasing a tag of $129.79, down by a mere 0.45%.

    Indeed, the premarket scene unfolds as a symphony of optimism, where financial instruments awaken to new opportunities and aspirations, and premarket movers penny stocks are also no exception to that.

    Coming back to TSLA, we see that certain strategists hold the view that data exceeding expectations might usher in earnings that surpass previous concerns.

    Should this optimistic scenario unfold, it could serve as the next catalyst to invigorate the stock market.

    However, on October 2, Tesla shared a brief overview of its business, revealing that margins are likely to experience a decline during the third quarter, with further challenges expected in the last three months of 2023.

    This has left investors apprehensive about the need for more price adjustments to stimulate demand.

    In the third quarter, TSLA successfully manufactured over 430,000 vehicles and delivered more than 435,000 units. A sequential decline in production was attributed to planned downtimes for factory enhancements.

    Tesla’s 2023 objective, set at about 1.8 million cars, remains undisturbed. The electric vehicle maker sacrificed profit to boost sales of its aging vehicle range, especially amidst high interest rates and competition from China’s BYD.

    premarket gappers

    Investors eagerly await CEO Elon Musk’s plan to ensure the delivery of a record-breaking 476,000 cars in Q4 to reach the annual target of 1.8 million units. In October, Tesla had already reduced prices in the US for the Model 3 sedan and Model Y SUV.

    The previous month also saw price cuts for the premium S and X models, and a revamped Model 3 with extended range hit select markets. Nevertheless, the new Model 3 is yet to debut in the US, China, and Europe, with no defined timeline.

    The price competition, characterized by reductions exceeding 6% across various models during the July-September period, is likely to have diminished Tesla’s margins to a four-year low of 18.1%, excluding regulatory credits, as reported by nine analysts surveyed by Visible Alpha. This trend is expected to persist into the fourth quarter, with margins possibly falling below 15%, according to Wells Fargo analyst Colin Langan.

    Tesla deferred its Cybertruck launch event from September to the year-end, with Musk citing the technical complexity of the truck’s design as a key factor.

    Back in 2019, the company had initially projected a price point below $40,000 for the Cybertruck, but since then, electric vehicle prices have seen an increase.

    The TSLA Cybertruck is now expected to be priced around $49,900 for the single motor, approximately $59,900 for the dual motor, and likely $79,900 for the tri-motor, slightly higher than the Model Y, as anticipated by Gary Black, the managing partner of The Future Fund, which holds Tesla stock.

    Musk’s long-standing optimism regarding Tesla’s full-self driving technology and its potential to enhance Tesla’s value remains a focal point.

    Nonetheless, the company has grappled with persistently unmet targets for achieving this capability, as regulatory authorities continue to scrutinize the technology over safety concerns.

    TSLA premarket price

    In response, Tesla reduced the technology’s price by a fifth in August, and analysts suggest that further price reductions may be in the pipeline.

    Investors also await comprehensive details, including potential capital outlay, concerning the Tesla factory in Mexico’s northern state of Nuevo Leon, which Tesla announced in March.

    A senior Mexican government official recently stated that the facility’s final permits could be ready within weeks, and local authorities have commenced the infrastructure work requested by Tesla.

    FAQs

    What Is the Mean Trading Volume for Tesla Shares Before Market Open?

    The average pre-market trading volume for Tesla shares is 2.4 M over the past 30 days.

    It provides valuable insights into investor sentiment and market activity, serving as a critical indicator of early market dynamics and potential price movements.

    How Can Tesla Stocks Be Acquired at Their Most Economical Value?

    Investors seeking to acquire Tesla stocks at their most economical value should monitor market trends, leverage dollar-cost averaging, stay informed about company developments, and exercise patience to capitalize on potential buying opportunities.

    How Much Will Tesla Stock Cost In 2033?

    Predicting the precise future value of Tesla stock in 2033 remains elusive, as it hinges on multifaceted factors like market dynamics, innovation, and global economics.

    However, Expert analysis has been estimating a price target of $1,042 by the end of 2033.

    What Is Tesla’s Price-To-Earnings Ratio?

    Tesla’s Price-to-Earnings Ratio (P/E) reflects market sentiment toward the electric vehicle pioneer.

    As an innovator in sustainable technology, Tesla’s P/E ratio of 70.68 signifies investor expectations and potential for future growth in the ever-evolving automotive industry.

    What Is Tesla’s Most Budget-Friendly Vehicle?

    Tesla’s most budget-friendly vehicle is the Model 3, combining innovation with affordability, which is expected to be debut in 2024 with a price tag of $25,000 to $30,000.

    Is Tesla A Dividend Paying Company?

    Tesla, despite being renowned electric vehicle manufacturer, does not pay dividends.

    Instead, the company focuses on reinvesting its earnings into research, development, and expansion to drive innovation and sustainable growth in the electric automotive industry.

    How Much Does Tesla’s Eps Stand At?

    Tesla’s earnings per share (EPS) can fluctuate due to various factors affecting the company’s financial performance.

    TSLA’s 12-month EPS in the last quarter ended June 30, 2023 was $3.53, a 27.9% increase year-over-year.

    Where Does Tesla Sell the Most Automobiles?

    Tesla’s highest sales volumes are often concentrated in regions with strong demand for electric vehicles, including North America, particularly the United States, and Europe, where sustainability-conscious consumers embrace the brand’s innovative automotive technology.

    How Many Tesla Vehicles Were Retailed in The United States In 2022?

    In 2022, Tesla established a remarkable presence in the United States by retailing a staggering number of electric vehicles, contributing significantly to the country’s shift towards sustainable transportation. But Tesla does not provide regional breakdown of its global sales.

    Who Are Tesla’s Main Competitors?

    Tesla’s primary competitors include legacy automakers like Ford, GM, and BMW, alongside emerging electric vehicle manufacturers such as NIO and Rivian. The electric vehicle market continues to witness fierce competition and innovation.

  • Is Tesla, Inc. (TSLA) stock good for you in 2021?

    Is Tesla, Inc. (TSLA) stock good for you in 2021?

    It is estimated that the global electric vehicle market is going to grow with a 29% compound annual growth rate (CAGR) in the next five years. So, it is obvious that the companies working in the manufacturing of electric vehicles, battery, and energy storage would show significant growth in the future and Tesla (TSLA) stock is the leading company among them.

    Tesla, Inc. (TSLA), founded in 2003, is primarily working in the designing, developing, and manufacturing of electric vehicles in the United States and across the globe. TSLA stock is currently trading with $616.00 per share price, having an average trading volume of 30,955,950 shares a day and a market cap of $595.039 billion. Let’s take a closer look at Tesla stock.

    Tesla Business in China:

    Though the certain restriction in China has affected the Tesla business to some extent, analyst’ estimates show that the overall electric vehicle sales in China would likely increase by 5% to 10% in the next 10 years and acting as the major contributor in the manufacturing of electric vehicles, Tesla stock would get the maximum benefit in the future. According toChina Passenger Car Association (CPCA), Tesla delivered 33,463 vehicles in May 2021 representing a 295 monthly jump. Tesla delivered About 185,000 vehicles in the first quarter of 2021.

    Performance in Covid-19:

    In the pandemic era, Tesla stock sold about half a million cars across the globe which is not a usual number in the era where the cars were parked in the garage due to imposed covid-19 restrictions by governments. One analyst has projected Tesla deliveries to be more than 850,000 in the year 2021 which is far more than 500,000 deliveries in the last year.

    First Mover Advantages:

    TSLA stock has 25,000dedicated Supercharger stations installed and also leading in the manufacturing of autonomous vehicles as it has collected 3 billion miles of driving data as of March 2020 which is 150 times more than the data collected by Alphabet’s Waymo. Besides this, Tesla CEO Elon Musk is smart enough to devise the strategies in order to leverage the business.

    Financial View of Tesla stock:

    In the first quarter of 2021, TSLA stock reported $10.39 billion in revenue representing a 74% increase over the year. Earnings per share have surpassed the estimates of 73 cents per share to reach 93 cents per share and the net income of  $438 million was generated in the recently reported quarter.

    Future Plans:

    The new version of the Model S sedan has started to deliver in May 2021 and Model X deliveries will initiate in the third quarter of 2021. Furthermore, Tesla is also planning to launch an autonomous ride-hailing network in the future that could result in$1 trillion profit by 2030 according to Cathie Wood, CEO, and founder of Ark Invest.

    Competitor Analysis:

    TSLA stock is now facing a great rivalry in the automobile industry as companies like General Motors (GM), Ford, Inc (F), and Volkswagen are spending billions in the manufacturing of electric vehicles. These companies are well established and have a decade of experience in the automobile industry. Furthermore, BYD, Nio, and Xpeng are giving tough times to Tesla stock in the Chinese electric vehicle market via investing heavily in order to increase their market share. Another weak point of Tesla stock is that its share in the global market is less than 1% which is still very low as 70 million to 80 million new cars have been sold every year.

    Conclusion:

    For most of Tesla’s business, it has been unprofitable for investors but its performance in the last few years is exceptional. Though it is acting the lead role in the manufacturing of electric vehicles still it has a low global market share in the automobile industry. If it goes with the current pace, it will generate a lot of revenue in the future but investors should keep in mind that Tesla alone is not playing in the industry as many well-established EV stocks are present in the play.

  • Tesla (TSLA) Stock Continues To Soar After A Phenomenal Quarter

    Tesla (TSLA) Stock Continues To Soar After A Phenomenal Quarter

    Following the surge in value after Jan 2020 and the sequential correction, many doubted the integrity of TSLA’s second steep climb around the end of March in 2020. Fast Forward to 25th January 2021 and TSLA stock was priced at USD 900.40 for its highest value to date. Currently valued at just under USD 700 (a meteoric 700% increase from the start of 2020), TSLA saw a 2.36% jump at the last check on Thursday, April 8th, 2021.

    What happened?
    This jump coincided with the first quarterly delivery report for the year of 2021. Despite the automotive industry suffering across the board on account of a shortage of semiconductors, Tesla managed to have a record-breaking Q1 that shattered the expectations of analysts. With deliveries expected to be around 170,000, Q1 saw a whopping 184,800 deliveries that sets Tesla on the track to hit 750,000 deliveries for the year. This would be a 50% increase from the 500,000 deliveries fulfilled in 2020.

    How did it happen?
    There was a drop in deliveries of Model S and Model X vehicles from 12,200 deliveries in Q1 of 2020 to 2,020 deliveries in Q1 of 2021. However, the cessation of production and reduced deliveries of their pricier models can largely be attributed to the rolling out of newer versions of these models. This is sharply contrasted with Model 3 and Model Y vehicles reporting 76,200 combined deliveries in Q1 of 2020, with cumulative deliveries seeing a 140% increase to 182,780 deliveries in Q1 of 2021. Production of their Model Y started in Q4 of 2020 in China and plays a significant part in Tesla’s performance in 2021 so far, having been generally very well received.[4]

    What happens next?
    With such strong numbers and promising growth, investors have had their confidence in the company assured. This news in tandem with President Biden’s focus on the EV sector in the recently unveiled infrastructure budget plan has consolidated investor presence in the EV sector. Not just for Tesla, shares across the EV sector have seen a positive shift, now poised on the verge of further growth.

  • Early Morning Vibes: 4 Hot Stocks You Might Consider For Thursday

    Early Morning Vibes: 4 Hot Stocks You Might Consider For Thursday

    The American stock markets plummeted again yesterday. The S&P 500 fell 1.31% and the Nasdaq even lost 2.70% and closed at 12,997 points.  On balance, it is not too bad, because the Nasdaq is still stabilizing just above the support zone at 12,985 points. However, it is increasingly likely that this support will break. A small head & shoulder pattern appears to have formed on the graph. If the neckline / support line is broken, we get a technical price target of approximately 12,000 points. So there seems to be even more decline in the pipeline.

    Just like the past few weeks, tech was again the most bitten dog. The turmoil in the bond markets continues to affect the equity market. The fee on 10-year US Treasury notes increased 6 basis points to 1.46%. Because technology stocks are relatively expensive, they are particularly affected. A higher interest rate usually results in lower profit expectations. Individual losses rose sharply. Amazon lost more than 3%, Netflix fell by more than 5% and Baidu even saw 9.23% of stock market value evaporate. Remarkably, there was still room for speculation; GameStop was raised 5% and Uber was also up 2.67%.

    Investors were also not satisfied with the job report that pay slip processor ADP published. The figures showed that only 117,000 new jobs were created in the month of February. Analysts had anticipated an increase of 175,000 jobs. This may indicate that the recovery of the US labor market is slower than expected. On Friday, the US government will release the official figures.

    Today Top Movers

    Allied Esports Entertainment Inc. (AESE) stock soared 44.0% to $3.6 in the pre-market trading.

    Lipocine Inc. (NASDAQ: LPCN) shares are trading up 25.87% at $1.8 at the time of writing. The company will present clinical data for lead candidate TLANDO™ at the ENDO 2021 Conference.

    Super League Gaming Inc. (SLGG) grew over 26.49% at $6.59 in pre-market trading today.

    Severn Bancorp Inc. (SVBI), a savings and loan holding company, rose about 21.84% at $10.21 in pre-market trading Thursday.

    Top Upgrades & Downgrades

    Jefferies turned bullish on Cummins Inc. (CMI), upgrading the stock to “Buy” and assigning a $325.0 price target, representing a potential upside of 24.07% from Wednesday’s close. 

    SITE Centers Corp. (SITC) has won the favor of KeyBanc’s equity research team. The firm upgraded the shares from Sector Weight to Overweight and moved their price target to $15.0, suggesting 16.32% additional upside for the stock. 

    Kite Realty Group Trust (KRG) received an upgrade from analysts at KeyBanc, who also set their one-year price target on the stock to $22.0. They changed their rating on KRG to Overweight from Sector Weight in a recently issued research note.

    Earlier Thursday HC Wainwright & Co. reduced its rating on KemPharm Inc. (KMPH) stock to Neutral from Buy and assigned the price target to $12.0.

    Barclays analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Banco Bilbao Vizcaya Argentaria S.A. (BBVA) has been changed to Equal-Weight from Overweight. 

    Analysts at KeyBanc downgraded Retail Properties of America Inc. (RPAI)’s stock to Sector Weight from Overweight Thursday.

    Latest Insider Activity

    Palantir Technologies Inc. (PLTR) Director Moore Alexander D. announced the sale of shares taking place on Mar 01 at $24.97 for some 12,000 shares. The total came to more than $0.3 million. 

    Tesla Inc. (TSLA) SVP Powertrain and Energy Eng. Baglino Andrew D sold on Mar 01 a total of 18,726 shares at $690.11 on average. The insider’s sale generated proceeds of almost $1.04 million. 

    Lowe’s Companies Inc. (LOW) Director BATCHELDER DAVID H declared the purchase of shares taking place on Feb 26 at $159.48 for some 6,250 shares. The transaction amount was around $1.0 million. 

    Hanesbrands Inc. (HBI) Group Pres., Global Innerwear Cavaliere Joseph W bought on Mar 01 a total of 64,209 shares at $17.98 on average. The purchase cost the insider an estimated $299,367.

    Important Earnings

    Top US earnings releases scheduled for today include SmileDirectClub Inc. (NASDAQ: SDC). It will announce its Dec 2020 financial results. The company is expected to report earnings of -$0.1 per share from revenues of $181.1M in the three-month period. 

    Analysts expect Opendoor Technologies Inc. (NASDAQ: OPEN) to report a net income (adjusted) of -$0.1 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $243.94M. 

    The Gap, Inc. (GPS), due to announce earnings after the market closes today, is expected to report earnings of $0.18 per share from revenues of $4.66B recently concluded three-month period.

  • What are the TOP 3 Electrical Vehicle stocks for 2021?

    What are the TOP 3 Electrical Vehicle stocks for 2021?

    Do you think that 2020 was the best year for Electric Vehicles and their shares in the market? Think again. There is going to be a blast of profits in the year 2021. Let’s dig into the details.

    We all saw an incredible increase in the usage of electric vehicles in 2020. The electrical industry is based on those companies that are manufacturing electric cars, electrical and commercial automobiles, vans, and trucks. Tesla, Eorkhorse Group Inc, Arcimoto are developing, growing and getting profits by leaps and bounds. For instance, in the year 2020, Russell 1000’s gross total return had been 21.2%. Tesla Inc. had a 21.8% price-to-sales ratio. In 2021 they are growing higher and are estimated to gain more benefits from manufacturing electric vehicles.

    When the companies invest dollars into manufacturing, they must know what will be the outcome. To reach profitability, you have to be cautious about making the right investments. Elon Musk is the founder of Tesla. This company is making huge gains making Elon the richest man in the world. Let’s ponder over the 3 top Electrical Vehicles stocks for 2021:

    1: Tesla Inc. : (NASDAQ: TSLA)

    When Elon Musk added Tesla to the S&P 500 index, Musk’s net profits abruptly pushed to the sky. The recorded total net worth of Elon musk was $60 billion. It’s now the largest publicly traded company and comes at the sixth position in the US. It will not slow down in making profits. It’s worth $834 billion even now. Just think about where it is going. All the competitors, including Johnson & Johnson, Berkshire Hathaway, Walmart, are left far behind. Tesla is going to be more profitable this year. Today Elon Musk’s net worth is 190 billion dollars approximately, $22 billion in 2019.

    2: Nio Inc : (NYSE: NIO)

    Nio knows how to grab the best opportunities in the stock market by making the right moves. It’s fast and furiously speedy EP9 supercar has blown the shadows of bankruptcy with a BOOM. Nio Inc. manufactures family-friendly high-performance electrical vehicles such as Sedans. It was facing difficulties at the start of 2020 when it’s share price was just $3.24. Due to making swift strategy moves, it’s going to become an electrical superstar manufacturer pretty soon.

    When it launched the “Battery-as-a-service” platform and the Chinese invested in multi-billion-dollars, its stock started trading higher at the stock market, having a massive increase of 160.4%. Currently, Nio’s share price is $7.00 and has a market cap of $813 billion. IN short, Nio Inc. is an innovative electric vehicle manufacturer, growing higher, showing large-scale future growth potential.

    3: Facedrive: (FDVRF)

    Facedrive is delivering its services to provide the customers with a virtual gallery of electric vehicles. It has established an electric vehicle subscription service in the United States of America. Moreover, The “EV on-demand” subscription allows the customers to ride in Audis, Teslas, Porsches, and many other vehicles daily. They can ride in a new car every day. Just order with a click, and the car will be delivered at your doorsteps; open the door and dive into your new car. Don’t worry about maintenance and insurance. It’s Eco-friendliness, easy usage, and convenience makes it the best choice for consumers. Ultimately increasing its share price in the US share market.

  • Early Morning Vibes: 4 Stocks We Like for Monday…

    Early Morning Vibes: 4 Stocks We Like for Monday…

    The American stock markets could not be fired ahead last week. The results were limited and as you can see on the graph below, the S&P 500 continued to stabilize at around 3900 points. On Friday, the broad-based index closed 0.19% lower at 3,906 points and the Nasdaq was up 0.07% the day at 13,874 points.

    Investors are clearly waiting for new impulses but are also awaiting developments in the bond markets. Inflation expectations are increasing rapidly, and interest rates are also rising. The market now seems somewhat concerned that central banks will have to reduce the support measures or even raise interest rates sooner than expected. Finance minister Janet Yellen, however, said on Friday that governments must come up with a large package of support to revive economic growth.

    Currently, futures in New York are up to 1 percent lower. The European stock markets are also following the red figures. The decline again appears to be a direct result of rising interest rates. Furthermore, China yesterday asked the US to lift tariffs and other trade sanctions. China’s Foreign Minister continues to push for better US-China partnerships on technological progress. It remains to be seen how Joe Biden will react to the proposal, after his predecessor Trump just imposed strict measures.

    Meanwhile, Gold prices have been under pressure for several weeks, but on Friday even the support seemed to break at $ 1,764 (bottom November 30). However, the fear of rising interest rates is positive for gold and the price recovered. But watch out; higher interest rates are not good for gold, but the turmoil in the markets is. This morning, the gold price is at least 0.51% higher at $ 1792, but the danger is not over yet. The gold price is in a downward trend channel. A break above the last market stop at around $ 1,860 is necessary for technical improvement.

    Today Top Movers‎‎

    ‎Xcel Brands Inc. (XELB), an apparel manufacturing company, rose about 44.91% at ‎‎$2.92 in pre-market trading Monday.‎‎‎ ‎

    ‎China SXT Pharmaceuticals Inc. (SXTC) stock soared 280.89% to $2.99 in the pre-market trading. The company recently declared that a 1 for 4 reverse split of its ordinary shares was approved by the Company’s board of directors on January 23, 2021 and is expected to become effective on February 19, 2021.‎‎ ‎

    ‎ReTo Eco-Solutions Inc. (NASDAQ: RETO) shares are trading up 116.1% at $2.55 at the time of writing. ‎‎ ‎

    ‎RealNetworks Inc. (RNWK) grew over 12.68% at $4.0 in pre-market trading today.‎

    Top Upgrades & Downgrades

    KeyBanc turned bullish on AvalonBay Communities Inc. (AVB), upgrading the stock to “Overweight” and assigning a $200.0 price target, representing a potential downside of 12.25% from Friday’s close. 

    Marathon Petroleum Corporation (MPC) has won the favor of JPMorgan’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $67. 

    JetBlue Airways Corporation (JBLU) received an upgrade from analysts at Deutsche Bank, who also set their one-year price target on the stock to $21. They changed their rating on JBLU to Buy from Hold in a recently issued research note.

    Earlier Monday KeyBanc reduced its rating on Camden Property Trust (CPT) stock to Sector Weight from Overweight. 

    Kansas City Capital analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Valmont Industries Inc. (VMI) has been changed to Perform from Outperform. 

    Analysts at RBC Capital downgraded AngloGold Ashanti Limited (AU)’s stock to Sector Perform from Outperform Monday.

    Latest Insider Activity

    Palantir Technologies Inc. (PLTR) Director THIEL PETER announced the sale of shares taking place on Feb 18 at $25.23 for some 20,003,915 shares. The total came to more than $504.78 million. 

    Tesla Inc. (TSLA) Chief Financial Officer Kirkhorn Zachary sold on Feb 17 a total of 55,007 shares at $778.17 on average. The insider’s sale generated proceeds of almost $0.97 million. 

    Onconova Therapeutics Inc. (ONTX) SVP Corp Dev & Gen Counsel OLER ABRAHAM N. declared the purchase of shares taking place on Feb 16 at $1.00 for some 12,000 shares. The transaction amount was around $12000.0. 

    JMP Group LLC (JMP) Possible Member of 10% Group WEDBUSH SECURITIES INC bought on Feb 11 a total of 2,019,000 shares at $4.74 on average. The purchase cost the insider an estimated $920.

    Important Earnings

    Top US earnings releases scheduled for today include Marathon Oil Corporation (NYSE: MRO). It will announce its Dec 2020 financial results. The company is expected to report earnings of -$0.2 per share from revenues of $838.05M in the three-month period. 

    Analysts expect Occidental Petroleum Corporation (NYSE: OXY) to report a net income (adjusted) of -$0.59 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $4.37B. 

    Invesco Mortgage Capital Inc. (IVR), due to announce earnings after the market closes today, is expected to report earnings of $0.06 per share from revenues of $29.16M recently concluded three-month period.

  • Early Morning Vibes: Check Out These 3 hot Stocks Right Now

    Early Morning Vibes: Check Out These 3 hot Stocks Right Now

    On February 10, American stock exchanges closed without significant changes. The S&P 500 index fell by a symbolic 0.03%, to 3910 points, the Dow Jones added 0.20%, the NASDAQ lost 0.25%. During the day, losses in the S&P 500 reached 0.6%, but its weakness was temporary. There were no new drivers of movement, but optimism about fiscal stimulus remained heightened. The cyclical consumer goods sector looked noticeably weaker than the market (-0.94%) due to Tesla shares, which fell 5.25%.

    Company news

    Twitter (TWTR: + 13.2%) beat consensus on revenue and EBITDA, but below-expected audience growth.

    Taxi Lyft (LYFT: + 4.8%) posted better-than-expected quarterly revenue. The company said it was able to go into profit in the third quarter.

    General Motors (GM: -2.1%) operating income was above market expectations. At the same time, as expected by analysts, the company warned of a shortage of semiconductors.

    Dating services developer Match (MTCH: + 7.7%) acquires South Korean company Hyperconnect for $ 1.7 billion.

    Today, world stock exchanges are showing mostly positive dynamics. The news background remains calm. Ultra-soft monetary and stimulating fiscal policies remain strong factors supporting optimism. Fed Chairman Jerome Powell, during his speech in New York yesterday, reaffirmed his commitment to the course at low rates and also noted that the opening of the economy will lead to a significant increase in consumer spending. However, inflationary pressure, according to Powell, may turn out to be unstable, namely, further parameters of the monetary policy will depend on inflation and unemployment.

    Technical picture

    Technically, the S&P 500 is still in a medium-term uptrend. The trading session the day before did not change the overall picture. The broad market index is consolidating in a tight range after rising 4% last week. Resistance at the upper border of the uptrend is still a significant obstacle.

    Today Top Movers

    RCM Technologies Inc (RCMT) stock ascended 126.28% at $8.35 in the pre-market trading today.‎ The company provided an update on its recently obtained projects to assist its clients in producing higher grades of ethanol for use in beverage and hygienic applications such as sanitizer-grade ethanol. ‎

    Microvision Inc (MVIS) gained over 38.29% at $19.36 in pre-market ‎trading on Thursday after declaring that it has received necessary components and equipment to meet its April milestone of completing A-Samples of its Long-Range Lidar Sensor. ‎

    Sonos Inc (SONO) grew over 15.59% at $36.41 in pre-market trading ‎today.‎ The maker of smart speakers generated revenue of $645.6 million in its fiscal first quarter, up from $562.1 a year earlier and ahead of the $590 million that analysts surveyed by FactSet had been projecting.

    Top Upgrades & Downgrades

    Wells Fargo turned bullish on The Western Union Company (WU), upgrading the stock to “Equal-Weight” and assigning a $25.0 price target, representing potential upside of 6.43% from Wednesday’s close. 

    Pacific Biosciences of California Inc. (PACB) has won the favor of Piper Sandler’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $52.0, suggesting a 13.29% additional upside for the stock. 

    AnaptysBio Inc. (ANAB) received an upgrade from analysts at JP Morgan, who also set their one-year price target on the stock to $40.0. They changed their rating on ANAB to Overweight from Underweight in a recently issued research note.

    Earlier Thursday Piper Sandler reduced its rating on Helmerich & Payne Inc. (HP) stock to Neutral from Overweight and assigned the price target to $24. 

    Vertical Research analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Spirit Airlines Inc. (SAVE) has been changed to Hold from Buy. 

    Analysts at Barclays downgraded Equitrans Midstream Corporation (ETRN)’s stock to Underweight from Equal-Weight Thursday.

    Latest Insider Activity

    Tesla Inc. (TSLA) Director Musk Kimbal announced the sale of shares taking place on Feb 09 at $852.12 for some 30,000 shares. The total came to more than $25.56 million. 

    The Walt Disney Company (DIS) Executive Chairman IGER ROBERT A sold on Feb 08 a total of 1,177,989 shares at $190.12 on average. The insider’s sale generated proceeds of almost $41.83 million. 

    InspireMD Inc. (NSPR) Director Kester Thomas J declared the purchase of shares taking place on Feb 08 at $0.62 for some 120,960 shares. The transaction amount was around $74995. 

    Penn National Gaming Inc. (PENN) Director SCACCETTI JANE bought on Feb 08 a total 41,978 shares at $120.99 on average. The purchase cost the insider an estimated $99,212.

    Important Earnings

    Top US earnings releases scheduled for today include Expedia Group Inc. (NASDAQ: EXPE). It will announce its Dec 2020 financial results. The company is expected to report earnings of -1.97 per share from revenues of $1.12B in the three-month period. 

    Analysts expect Kellogg Company (NYSE: K) to report a net income (adjusted) of $0.89 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $3.5B. 

    Tyson Foods Inc. (TSN), due to announce earnings after the market closes today, is expected to report earnings of 1.49 per share from revenues of $10.84B recently concluded three-month period.

  • Early Morning Vibes: Watch These 4 Stocks Today

    Early Morning Vibes: Watch These 4 Stocks Today

    A concern about possible problems with the spread of coronavirus vaccines led to one of the largest one-day losses since October for US stocks on Wednesday. A large volume of short positions was also opened for GameStop and other securities due to sharp fluctuations.

    A battle erupted between day traders seeking to invest in GameStop and hedge funds that are actively shorting the company, sending GameStop shares soaring 135%. AMC Entertainment, another target for intraday traders, rose 301%. The shares of both companies in January grew by more than 800%.

    The Dow Jones Industrial Average fell 633.87 points, or 2.1%, to 30303.17 points, falling for the fifth session in a row, and the S&P 500 sank 98.85 points, or 2.6%, to 3750. 77 points, while the Nasdaq Composite fell 355.47 points, or 2.6%, to 13.270.60 points. All three indices saw their biggest one-day falls since October 28.

    In response to the spread of new strains of Covid-19 around the globe, governments are being forced to vaccinate the population as soon as possible, since any delays could lead to the lifting of lockdowns and other quarantine restrictions

    AstraZeneca has announced a sharp decline in vaccine supplies to the European Union due to problems at its European factory. A shortage of vaccines could adversely affect the vaccination process in the UK, as EU authorities begin to push the company to acquire vaccines produced by British factories.

    During the same day, President Joe Biden announced he would purchase more vaccine doses that should be enough to supply the vaccine for most US residents.

    In the afternoon, investors analyzed the financial results of AT&T, Blackstone, and Boeing. After that, tech giants Apple, Facebook, and Tesla reported on their results.

    Today Top Movers

    ‎Naked Brand Group Ltd (NAKD) stock ascended 67.39% at $2.31 in the pre-market trading today.‎ The company recently declared pricing of $50 million registered direct offering priced at-the-market.‎‎ ‎‎

    ‎XpresSpa Group Inc (XSPA) grew over 30.13% at $3.11 in pre-market trading ‎today following an announcement from the company that it plans on opening new XpresCheck facilities, offering more opportunities for in-airport COVID-19 testing.‎‎ ‎‎

    ‎Sundial Growers Inc (SNDL) stock moved up 38.15 percent to $0.83 in the pre-market ‎trading.‎‎‎ ‎‎

    ‎American Battery Metals Corp (ABML) was up more than 7.11% at $3.64 in the extended-hours session.‎‎

    Top Upgrades & Downgrades

    RBC Capital turned bullish on PTC Inc. (PTC), upgrading the stock to “Outperform” and assigning a $145.0 price target, representing a potential upside of 20% from Wednesday’s close. 

    Twitter Inc. (TWTR) has won the favor of KeyBanc’s equity research team. The firm upgraded the shares from Sector Weight to Overweight and moved their price target to $65.0, suggesting 35.08% additional upside for the stock. 

    Brinker International Inc. (EAT) received an upgrade from analysts at KeyBanc, who also set their one-year price target on the stock to $64.0. They changed their rating on EAT to Overweight from Sector Weight in a recently issued research note.

    Earlier Thursday JMP Securities reduced its rating on Tesla Inc. (TSLA) stock to Market Perform from Outperform. 

    Stifel analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for The Procter & Gamble Company (PG) has been changed to Hold from Buy. 

    Analysts at Stifel downgraded Colgate-Palmolive Company (CL)’s stock to Hold from Buy Thursday.

    Latest Insider Activity

    The Walt Disney Company (DIS) SEVP-Chief Financial Officer McCarthy Christine M announced the sale of shares taking place on Jan 25 at $172.00 for some 25,000 shares. The total came to more than $4.3 million. 

    iRobot Corporation (IRBT) Chief Executive Officer Angle Colin M sold on Jan 25 a total of 302,208 shares at $104.88 on average. The insider’s sale generated proceeds of almost $3.78 million. 

    Fastenal Company (FAST) Director Ancius Michael J declared the purchase of shares taking place on Jan 25 at $47.50 for some 770 shares. The transaction amount was around $36575.0. 

    FuelCell Energy Inc. (FCEL) CEO Few Jason bought on Jan 25 a total 22,134 shares at $17.99 on average. The purchase cost the insider an estimated $197,890.

    Important Earnings

    Top US earnings releases scheduled for today include American Airlines Group Inc. (NASDAQ: AAL). It will announce its Dec 2020 financial results. The company is expected to report earnings of -$4.11 per share from revenues of $3.88B in the three-month period. 

    Analysts expect Comcast Corporation (NASDAQ: CMCSA) to report a net income (adjusted) of $0.48 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $26.78B. 

    United States Steel Corporation (X), due to announce earnings after the market closes today, is expected to report earnings of -$0.68 per share from revenues of $2.58B recently concluded three-month period.

  • Early Morning Vibes: 4 Top Trending Stocks To Watch Right Now

    Early Morning Vibes: 4 Top Trending Stocks To Watch Right Now

    The American stock market finished trading with a slight loss on January 26. By the end of the session, the S & P 500 index dropped by 0.15% to 3850 points. NASDAQ and Dow Jones were down 0.07%. The news background stayed mostly calm, so the market showed weak dynamics. The energy sector fell 2.12% despite stable oil prices. The real estate sector became the leader in growth with a result of + 1.14% thanks to the continued favorable macroeconomic conditions in the housing market.

    Company news

    President Biden plans to transfer American officials to American-made electric cars. Against this background, shares of Workhorse (WKHS: + 30.2%), Lordstown (RIDE: + 14%), Nikola (NKLA: + 23.6%) and others rose.

    Beyond Meat (BYND: + 17.7%) has partnered with PepsiCo (PEP: + 1.2%) to co-manufacture and market plant-based meat substitute products.

    Johnson & Johnson (JNJ: + 2.7%) quarterly report better than expected. The company also announced that the test results for its vaccine will be released in early February.

    There are various dynamics in the global stock markets today. Pfizer and Moderna have both agreed to sell the US government 100 million additional doses of vaccine. Considering this order, the total volume of purchases will amount to 600 million. Over 300 million people can be vaccinated against coronavirus with just that amount. The number of hospitalized with COVID-19 in the United States fell to 108 thousand, which is in line with mid-December levels. The morbidity trend on a daily basis is on the decline. This allows the states to slowly remove barriers, which support investor confidence.

    The companies’ quarterly results and market reactions to them are still mixed. However, Microsoft’s report was strong, so the tech sector has the potential to become a growth engine for the broader market today.

    Economic news

    December durable goods base order data will be released this Wednesday. After increasing by 0.4% a month earlier, the indicator is expected to grow by 0.5% against the value in November. Note that basic orders do not include vehicles (cars, airplanes, etc.), and it is this group of products that may show the weakest dynamics against the background of continuing problems with orders from Boeing.

    Technical picture

    Technical analysis suggests that there is an upward tendency in the medium term for the S&P 500. The broad market index reached a new all-time high yesterday, but met selling pressure and failed to gain a foothold above 3860 points. The upper border of the equidistant channel in the area of ​​3865-3870 points is still a serious resistance. After a short-term consolidation, the upward movement is likely to continue.

    Today Top Movers‎

    ‎Virgin Galactic Holdings Inc (SPCE) share price jumped 11.65% to $46.95 during the early morning ‎trading session on ‎Wednesday.‎‎ SPCE has found itself making more headlines recently as billionaire rocketman, Richard Branson, gets closer to achieving his dream of taking tourists to the stars.‎ ‎‎

    ‎Digital Ally Inc (DGLY) grew over 14.18% at $3.14 in pre-market trading ‎today.‎‎‎ ‎‎

    ‎Moderna Inc (MRNA) stock moved up 1.49 percent to $154.19 in the pre-market ‎trading after the firm provided a supply update for the Moderna COVID-19 Vaccine.‎‎ ‎‎

    ‎Romeo Power Inc (RMO) gained 9.52% and closed at $20.25 on ‎Tuesday ‎January 26, 2021.‎‎

    Top Upgrades & Downgrades

    KeyBanc turned bullish on Dycom Industries Inc. (DY), upgrading the stock to “Overweight” and assigning a $104.0 price target, representing a potential downside of 18.3% from Tuesday’s close. 

    3M Company (MMM) has won the favor of JPMorgan’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $205, suggesting 16.51% additional upside for the stock. 

    The Wendy’s Company (WEN) received an upgrade from analysts at Deutsche Bank, who also set their one-year price target on the stock to $25. They changed their rating on WEN to Buy from Hold in a recently issued research note. 

    Earlier Wednesday KeyBanc reduced its rating on Visa Inc. (V) stock to Sector Weight from Overweight.

    KeyBanc analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for MasTec Inc. (MTZ) has been changed to Sector Weight from Overweight.

    Analysts at KeyBanc downgraded Mastercard Incorporated (MA)’s stock to Sector Weight from Overweight Wednesday.

    Latest Insider Activity

    United States Antimony Corporation (UAMY) 10% Owner Reed Kenneth M announced the sale of shares taking place on Jan 26 at $0.98 for some 540,275 shares. The total came to more than $0.53 million. 

    Sorrento Therapeutics Inc. (SRNE) Director Followwill Dorman sold on Dec 16 a total of 2,130 shares at $7.14 on average. The insider’s sale generated proceeds of almost $7135.0. 

    Harbor Custom Development Inc. (HCDI) Director SWETS LARRY G JR declared the purchase of shares taking place on Jan 15 at $3.00 for some 35,000 shares. The transaction amount was around $0.1 million. 

    Urban One Inc. (UONE) 10% Owner SEMLER ERIC bought on Jan 19 a total 2,221,197 shares at $4.15 on average. The purchase cost the insider an estimated $829,170.

    Important Earnings

    Top US earnings releases scheduled for today include Tesla Inc. (NASDAQ: TSLA). It will announce its Dec 2020 financial results. The company is expected to report earnings of $1.01 per share from revenues of $10.32B in the three-month period. 

    Analysts expect Facebook Inc. (NASDAQ: FB) to report a net income (adjusted) of $3.22 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $26.43B. 

    Apple Inc. (AAPL), due to announce earnings after the market closes today, is expected to report earnings of $1.41 per share from revenues of $103.28B recently concluded three-month period.