STOCKS TELEGRAPH

Tag: The Goldman Sachs Group Inc.

  • 9 Capital Market Stocks Performed Mixed on Monday

    On Monday, U.S. stock markets closed mixed at a 1-week low with the S&P 500. Initially, ‎markets opened up ‎significantly lower on global economic fears on Monday as an increase ‎in Covid strains in the UK sparked greater ‎shutdowns that would hurt trade and economic ‎development. The Dow Jones Industrials closed slightly higher on ‎Monday, as bank stocks ‎rallied after regulators approved stock buybacks for banks and as U.S. disease ‎specialists ‎tried to ease concerns over the Covid mutation in the UK.‎

    The U.S. Congress over the weekend approved a pandemic relief plan of $900 billion, which ‎will support stocks. An ‎aide will be provided as part of a $1.4 trillion measure to fund ‎government operations through the end of the fiscal ‎year on September 30. President ‎Trump has said he will sign the measure after it passes both the House and Senate ‎later ‎Monday.‎

    On Monday, positive investor sentiment was supported by a rise in bank stocks after the ‎Federal Reserve ‎announced its positive results of the Stress Test for U.S. banks late Friday ‎and announced that it would loosen ‎restrictions on buying back of shares for U.S. banks in ‎Q1 2016. JPMorgan Chase and Citigroup’s stock prices ‎jumped more than +3% on Monday, ‎while Goldman Sachs was up more than +6%. ‎‎

    BGC Partners Inc. (NASDAQ:BGCP) shares were trading down -1.18% at $4.19 at the time of ‎writing on Monday.‎

    BGC Partners Inc. (NASDAQ:BGCP) share price went from a low point around $2.07 to ‎briefly over $6.14 in past 52 weeks, though shares have since pulled back to $4.19. BGCP market cap has remained ‎high, hitting $1.56B at the time of writing, giving it price-to-sales ratio of more than 0.

    If we look at the recent analyst rating BGCP, Raymond James downgraded coverage on ‎‎BGCP shares with a Mkt perform rating and a $7.00 price target, which implies room for 2.81% ‎upside momentum this year.‎

    Diginex Limited (EQOS) last closed at $9.58, in a 52-week range of $5.11 to $13.75.

    ‎Futu Holdings Limited (FUTU) stock drop by -1.96% to $42.47. The firm recently declared ‎that a leading global investment firm has agreed to purchase approximately 50,000,000 Class A ordinary shares of ‎the Company in the form of prepaid warrants for an aggregate purchase price of approximately ‎US$260,000,000.

    The Goldman Sachs Group Inc. (NYSE:GS) Shares headed rising, higher as much as 6.13%. ‎The most recent rating by Morgan Stanley, on November 30, 2020, is at an Underweight.

    Marathon Patent Group Inc. (NASDAQ:MARA) rose 23.52% after gaining more than $2.19 ‎on Monday. On December 9, 2020, the firm reported that it has entered into a contract with Bitmain to purchase ‎‎10,000 Antminer S-19j Pro ASIC Miners.

    Morgan Stanley (MS) last closed at $67.83, in a 52-week range of $27.20 to $65.43. On ‎December 18, 2020, the Board of Governors of the Federal Reserve System (FRB) notified Morgan Stanley (NYSE: ‎MS) that it would be permitted to resume repurchases of common stock in the first quarter of 2021, consistent with ‎the FRB’s recently announced distribution limitations.Analysts have a consensus price target of $65.07.

    The Charles Schwab Corporation (SCHW) stock drop by -0.44% to $51.75. On December 14, ‎‎2020, The Charles Schwab Corporation released its Monthly Activity Report. The most recent rating by Wells ‎Fargo, on December 01, 2020, is at an Overweight.

    ‎UP Fintech Holding Limited (NASDAQ:TIGR) Shares headed falling, lower as much as -‎‎3.44%. The company reported on December 9, 2020, that it engaged KPMG Huazhen LLP as its independent ‎registered public accounting firm.

    ‎XP Inc. (NASDAQ:XP) rose 0.84% after gaining more than $0.34 on Monday. XP Inc (XP) ‎declared on December 7, 2020, the closing of its underwritten public offering of 31,654,894 Class A common ‎shares.

  • Goldman Sachs Analysts Say Stocks Of EV Makers TSLA, Li Auto, NIO Could Rise

    Goldman Sachs Analysts Say Stocks Of EV Makers TSLA, Li Auto, NIO Could Rise

    The estimates of Wall Street analysts for renewable energy firms are improving as policymakers announce massive electrification and carbon reduction programs. US President-elect Joe Biden’s administration is expected to be more involved in terms of transport electrification initiatives and environmental protection policies.

    In a recent survey, Goldman Sachs (GS), the largest investment bank, said that, according to its estimates, global electric vehicle sales will hit 1.8 million units this year, up to 8.3 million units by 2025, and up to 34 million units by 2035. As a result, in 2030 and 29 percent in 2035, hybrid vehicles will account for 18% of global sales. At the same time, the United States and Western Europe will see the greatest growth, with the share of electric vehicles projected to hit 50 percent by 2035.

    Two electric car companies were listed by leading Goldman analysts, predicting that they will lead the way over the next four years. There is also a manufacturer that deserves recognition, but its shares are still receiving the “hold and see” recommendation.

    The Li Auto (LI)

    As of the first day of trading, China’s Li Auto (LI), which debuted on NASDAQ this summer, reported a solid 102.37% price rise on the back of strong demand for its electric vehicles in the domestic Chinese market.

    In November last year the first Li model, the Li ONE hybrid crossover, was released and the company had sold more than 22,000 units by October this year. Sales hit 3,700 in October, making the Li ONE the best-selling Chinese electric car brand.

    A stronger state policy of electrifying the transportation of the nation with incentive for carmakers and a population of 1.4 billion forms the largest electric vehicle market is China.

    Li cars also benefit from being plug-in hybrids and having a petrol engine, which is important since China is building charging stations in the process and its current network is small.

    FEI Fang, the Goldman Sachs analyst, rates the stock with a “buy” rating and a target price of $60, nearly double the closing price of $33.31 on Tuesday.

    Tesla Inc (TSLA)

    With a 676.76% rise since the beginning of the year and an upcoming addition to the S&P 500 index, Tesla (TSLA) shares, at least in the short term, look like the absolute winners of the electric car industry.

    In the last quarter, Tesla achieved record deliveries, revenue growth of 39%, and three consecutive quarters of profit.

    Market analysts have calculated the stable free cash flow of the automaker for the quarter at $1.4 billion.

    NIO Limited (NIO)

    Since the beginning of the year, Nio Limited (NIO) shares have outperformed Tesla by rising 1058%. The business undoubtedly deserves attention and observation, but Goldman experts rate their shares with a “buy” recommendation, although their target price of $59 is nearly 27% higher than the closing price of $46.56 on Tuesday.

    The Chinese electric car manufacturer announced a 146 percent rise in sales over the last quarter and a 2.5-fold increase in deliveries compared to last year. Its new electric Nio EC6 crossover is seen as a competitor in China to Tesla’s upcoming Model Y.

    Instead of direct buying, Nio has launched a new battery leasing programme, which lowers the list price of vehicles.

    Other Nio announcements include a 100-kilowatt-hour battery, which will expand the electric vehicle range to 615 kilometers, and plans to increase production and begin exporting to Europe by 2021.