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Tag: WKHS

  • Early Morning Vibes: Don’t Miss On These 4 Growth Stocks

    Early Morning Vibes: Don’t Miss On These 4 Growth Stocks

    In the recent times, Aviation stocks have suffered a serious crash. Covid-19 shut down the entire business. But US aviation stocks, such as United Airlines and Delta Airlines, are on the rise again. European aviation stocks are also doing well. Air France-KLM ended 2020 with a loss of €7.1 billion, but the share is rising again. And one of the best airline stocks is Ryanair. The Irish airline’s share is already above pre-corona levels. The optimism of investors must be sought in the rollout of the vaccinations and also the introduction of a kind of vaccine passport, which apparently more and more politicians are in favor.If vaccinations gain speed and everyone who wants to go on holiday by plane must be able to present proof of vaccination, more people will be triggered to actually get vaccinated.

    For Bank of America, an oil price of $100 is realistic within this and a few years. The drivers would be better fundamentals and monetary policy. Futures prices in the future are priced considerably more dearly and open interest has also risen sharply for options with a strike $100. Open interest has increased from 500 to 3,950 option contracts in one week.The rising open interest indicates an increasing number of open option contracts, a significant increase and interest from market participants. In the meantime, there are voices that OPEC + must increase production to meet (future) demand.

    It looks like Warren Buffett has been busy last year. On the one hand, Berkshire Hathaway has more than double the volume (purchases and sales) compared to 2019. This will likely have been mainly due to sector rotation, as Warren Buffett is known for its long-term investing. Unless he has suddenly become a day trader. But let’s not assume this. Berkshire Hathaway further repurchased $24.7 billion of its own shares.In the newsletter sent out by Berkshire Hathaway this weekend, it is also noticeable that the amount of cash has increased quarter after quarter in recent years. In Q4 2020, Berkshire Hathaway was on a cash mountain of $138.3 billion. In 2020, the share of financial institutions in the holding decreased their portfolio from 41% to 24%. Warren Buffett and his partner Charly Munger appear to be seeing something in the energy and telecommunications sector. A large interest was taken in Chevron and Verizon Communications.

    Today Top Movers

    NIO Limited (NIO) stock soared 5.9% to $48.48 in the pre-market trading.

    SOS Limited (NYSE: SOS) shares are trading up 28.3% at $6.12 at the time of writing.

    electroCore Inc. (ECOR) grew over 58.06% at $3.43 in pre-market trading today after declaring an exclusive distribution agreement with Medistar following regulatory approval in Australia.

    Socket Mobile Inc. (SCKT), a Computer Hardware company, rose about 42.72% at $15.0 in pre-market trading Monday. The firm today reported it has licensed SpringCard SAS core contactless technology.

    Top Upgrades & Downgrades

    JP Morgan turned bullish on Plug Power Inc. (PLUG), upgrading the stock to “Overweight” and assigning a $65.0 price target, representing a potential upside of 34.35% from Friday’s close. 

    CME Group Inc. (CME) has won the favor of Keefe Bruyette’s equity research team. The firm upgraded the shares from Underperform to Market Perform and moved their price target to $197. 

    Spirit AeroSystems Holdings Inc. (SPR) received an upgrade from analysts at Morgan Stanley, who also set their one-year price target on the stock to $50. They changed their rating on SPR to Overweight from Equal Weight in a recently issued research note. 

    Earlier Monday JP Morgan reduced its rating on Agios Pharmaceuticals Inc. (AGIO) stock to Neutral from Overweight and assigned the price target to $54. 

    Morgan Stanley analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for TechnipFMC plc (FTI) has been changed to Equal-Weight from Overweight and the new price target is set at $8.8. 

    Analysts at RBC Capital downgraded Pactiv Evergreen Inc. (PTVE)’s stock to Sector Perform from Outperform Monday.

    Latest Insider Activity

    ContextLogic Inc. (WISH) Chief Accounting Officer Just Brett announced the sale of shares taking place on Feb 24 at $19.65 for some 36,901 shares. The total came to more than $0.73 million. 

    Walmart Inc. (WMT) Director WALTON S ROBSON sold on Feb 26 a total of 356,175,368 shares at $130.64 on average. The insider’s sale generated proceeds of almost $92.81 million. 

    Macy’s Inc. (M) Director VARGA PAUL C declared the purchase of shares taking place on Feb 26 at $15.25 for some 13,115 shares. The transaction amount was around $0.2 million. 

    Coeur Mining Inc. (CDE) Chairman (non-executive) MELLOR ROBERT E bought on Feb 24 a total 185,233 shares at $10.53 on average. The purchase cost the insider an estimated $10,530.

    Important Earnings

    Top US earnings releases scheduled for today include Workhorse Group Inc. (NASDAQ: WKHS). It will announce its Dec 2020 financial results. The company is expected to report earnings of -$0.13 per share from revenues of $1.32M in the three-month period. 

    Analysts expect Perrigo Company plc (PRGO) to report a net income (adjusted) of $1.00 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $1.32B. 

    Inovio Pharmaceuticals, Inc. (INO), due to announce earnings after the market closes today, is expected to report earnings of -$0.22 per share from revenues of $1.11M recently concluded in a three-month period.

  • Early Morning Vibes: Check Out These 4 hot Stocks Right Now

    Early Morning Vibes: Check Out These 4 hot Stocks Right Now

    On December 24, American stock indices closed in the green. The S&P 500 Index climbed 0.35% to 3690 points, the Dow Jones added 0.23%, the NASDAQ 0.29%. The news background on the eve of Christmas was weak. Fiscal stimulus prospects continued to be supportive. The tech sector was one of the growth leaders with 0.75%, while the energy sector looked the weakest and lost 0.63%.

    Corporate news

    The State Administration for Market Regulation of the People’s Republic of China has suspected Alibaba Group (BABA: -13.4%) of violating antitrust laws. At the same time, the People’s Bank of China demands to reform the business of the fintech division of Alibaba Ant Group.

    The FDA has paused clinical trials for an anti-clotting vaccine developed by Altimmune (ALT: -9.3%) and is demanding additional data. 

    Today, world stock markets are showing mostly positive dynamics. On Sunday, December 27, President Donald Trump signed into law a $ 900 billion economic support bill that will include a one-time payment of $ 600 per person to Americans. Earlier, the president insisted on increasing the amount of payments to $ 2,000. A vote in Congress on this issue will take place today. If approved, this measure will be included in a separate bill. However, it is unlikely that the Republicans will support the initiative. Trump’s approval of the stimulus package is positive for the stock market, but some of these expectations have already been incorporated into quotes, and no new stimulus is expected in the short term. Thus, market response to these developments will be very limited, especially given the reduced volatility and trading volumes.

    Investors’ attention from the stimulus package will gradually shift to the front of the fight against coronavirus. According to US chief infectious disease specialist Anthony Fauci, “the worst” is yet to come, as the holidays will trigger a surge in COVID-19. However, most of all investors are now interested in the rate of vaccination of the population, because if it does not correspond to the original plans, it will lead to a correction in cyclical sectors.
    Technical picture

    Technically, the S&P 500 is prone to consolidation. The trading session the day before did not change the overall picture. Volatility will remain low ahead of the New Year. The RSI and MACD indicators continue to form bearish divergence, so the risk of correction remains.

    Today Top Movers‎

    ‎NXT-ID Inc (NXTD)‎‎ is up 42.74% at $1.77 in premarket trading session on Monday.‎

    ‎Ocugen, Inc (OCGN)‎‎ reported an increase of 44.32%, with the share price at $2.54 in today’s premarket trading session following the appointment of a vaccine scientific advisory board.‎

    ‎Jaguar Health Inc (JAGX)‎‎ share price gained 21.67% at $0.87 in early morning trading session on Monday. The firm recently signed second agreement for $6 million non-dilutive financing transaction involving the sale of royalty rights related to future Mytesi (Crofelemer) and Lechlemer revenue stream.

    ‎‎Naked Brand Group Ltd (NAKD)‎‎ share price soared 1.91% at $0.21 on Monday during premarket trading session after declaring that it has been granted an additional 180-day period, or until May 24, 2021.‎

    Latest Insider Activity


    Workhorse Group Inc. (WKHS) Director Chess Raymond Joseph announced the sale of shares taking place on Dec 18 at $21.05 for some 5,000 shares. The total came to more than $0.11 million.
     

    Invitae Corporation (NVTA) President & CEO George Sean E sold on Dec 22 a total 631,018 shares at $53.06 on average. The insider’s sale generated proceeds of almost $0.19 million.
     

    Neoleukin Therapeutics Inc. (NLTX) Director BAKER BROS. ADVISORS LP declared the purchase of shares taking place on Jul 07 at $15.25 for some 424,000 shares. The transaction amount was around $6.47 million.
     

    Odonate Therapeutics Inc. (ODT) Chief Executive Officer TANG KEVIN C bought on Dec 23 a total 15,514,566 shares at $15.58 on average. The purchase cost the insider an estimated $2.17 million.

    Earnings To Watch

    Top US earnings releases scheduled for today include Secoo Holding Limited (NASDAQ:SECO). It will announce its Jun 2019 financial results. The company is expected to report revenues of $241.41M in the three-month period.

  • Auto Stocks to watch on Tuesday: Baidu is All Set to Jump in EV

    Auto Stocks to watch on Tuesday: Baidu is All Set to Jump in EV

    China’s BaiduInc is exploring producing its own electric vehicles and has held talks with automakers about the prospect, said 3 persons with knowledge of the case, the latest step in a battle between tech firms to build smart cars.

    China’s leading search engine, which also advances automated driving technologies and internet communication networks, explores contract production, one of the people said or creating a majority-owned venture with automakers.

    The project will move up from internet peers such as Tencent Holdings Ltd, Amazon.com Inc and Alphabet Inc, which have either developed auto-related technologies or invested in smart-car start-ups.

    NIO Limited (NYSE:NIO) shares were trading down -2.38% at $40.98 at the time of writing on Monday after reporting the pricing of the offering of 68,000,000 American depositary shares, each representing one Class A ordinary share of the Company, at a price of US$39.00 per ADS.

    NIO Limited (NYSE:NIO) share price went from a low point around $2.11 to briefly over $57.20 in past 52 weeks, though shares have since pulled back to $40.98. NIO market cap has remained high, hitting $60.13B at the time of writing, giving it price-to-sales ratio of more than 30.

    If we look at the recent analyst rating NIO, Goldman upgraded coverage on NIO shares with a Neutral rating and a $37.72 price target, which implies room for -3.26% downside momentum this year.

    Ford Motor Company (F) last closed at $8.91, in a 52-week range of $3.96 to $9.57. Analysts have a consensus price target of $8.94.

    Tesla Inc. (TSLA) stock soar by 4.89% to $639.83. The most recent rating by Jefferies, on December 11, 2020, is at a Hold.

    XPeng Inc. (NYSE:XPEV) Shares headed rising, higher as much as 6.45% following the declaration from the firm that that its P7 super-long range sports sedan was named the Car of the Year 2021 by the Xuanyuan Awards, China’s most prestigious badge of auto quality and innovation. The most recent rating by Deutsche Bank, on December 14, 2020, is at a Buy.

    Nikola Corporation (NASDAQ:NKLA) fall -6.87% after losing more than -$1.21 on Monday. The company on November 30, 2020 reported the signing of a non-binding Memorandum of Understanding (“MOU”) with General Motors for a global supply agreement related to the integration of GM’s Hydrotec fuel-cell system into Nikola’s commercial semi-trucks.

    Fisker Inc. (FSR) last closed at $15.59, in a 52-week range of $8.70 to $23.63 after declaring that it has signed agreements with Cox Automotive U.K. and Rivus Fleet Solutions to provide a range of after-sales services for the U.K. market. Analysts have a consensus price target of $24.00.

    Li Auto Inc. (LI) stock drop by -0.10% to $31.33. The most recent rating by Citigroup, on November 16, 2020, is at a Buy. On December 4, 2020, the company announced the pricing of follow-on public offering of American Depositary Shares.

    Kandi Technologies Group Inc. (NASDAQ:KNDI) Shares headed falling, lower as much as -7.67%.

    General Motors Company (NYSE:GM) fall -0.72% after losing more than -$0.3 on Monday. On November 30, 2020, the firm revealed it has signed a non-binding memorandum of understanding with Nikola Corporation for a global supply agreement to provide its Hydrotec fuel cell system for Nikola’s Class 7/8 semi-trucks.

    Workhorse Group Inc. (WKHS) last closed at $21.39, in a 52-week range of $1.32 to $30.99. Analysts have a consensus price target of $26.80.

    Electrameccanica Vehicles Corp. (SOLO) stock drop by -2.02% to $6.31. The most recent rating by ROTH Capital, on July 09, 2019, is at a Buy.

    Lordstown Motors Corp. (NASDAQ:RIDE) Shares headed falling, lower as much as -2.96%. The company on December 5, 2020 reported that the United States Securities and Exchange Commission has declared Lordstown’s registration statement on Form S-1 (File No. 333-250045). The most recent rating by Goldman, on December 11, 2020, is at a Buy.

    Fiat Chrysler Automobiles N.V. (NYSE:FCAU) rose 0.84% after gaining more than $0.14 on Monday. Alfa Romeo Announces 4C Spider 33 Stradale Tributo.

    Ayro Inc. (AYRO) last closed at $5.52, in a 52-week range of $1.80 to $10.60. On November 24, 2020, the company reported the Closing of $10.0 million registered direct offering.

    Niu Technologies (NIU) stock drop by -2.50% to $28.43. The most recent rating by Citigroup, on November 06, 2020, is at a Buy.

  • 12 Booming Stocks In Auto Manufacturers Industry To Invest In

    12 Booming Stocks In Auto Manufacturers Industry To Invest In

    The Auto manufacturer Industry is currently in better shape than it was five years ago. This industry is adopting new technologies and new trends to provide a frictionless experience to its customer.  The coronavirus outbreak has heavily impacted the auto manufacturing industry. In the past few years, this industry has experienced a lot of changes and innovations. This industry is using various technologies such as artificial intelligence, big data technologies, and other latest autonomous technologies.

    Auto manufacturers are embedding these technologies to meet the need for sophisticated consumers. Consumers are demanding environmentally-friendly vehicles. Emission reduction is a new challenge for the auto manufacturing industry. Furthermore,  shared mobility is another trend in the automotive industry.

    These 12 leading companies in the auto manufacturing industry are the best option for you:

    NIO Limited (NYSE: NIO)

    NIO Limited (NYSE: NIO) shares were trading up 8.96% at $33.32 at the time of writing on Monday. NIO Limited (NYSE: NIO) share price went from a low point around $1.44 to briefly over $32.20 in the past 52 weeks, though shares have since pulled back to $33.32. NIO market cap has remained high, hitting $47.48B at the time of writing, giving it a price-to-sales ratio of more than 30.

    NIO Limited (NIO) announced that it is scheduled to release its third-quarter 2020 financial results on November 17, 2020. If we look at the recent analyst rating NIO, HSBC Securities initiated coverage on NIO shares with a Hold rating and a $19.35 price target, which implies room for -13.97% downside momentum this year.

    Ford Motor Company (NYSE: F)

    Ford Motor Company (NYSE: F) last closed at $7.71, in a 52-week range of $3.96 to $9.57. Analysts have a consensus price target of $8.49. Ford Motor Company (F) has revealed that it is planning to sell 100,000 cars and trucks which have the company’s new feature of a hands-free driving system. It has earlier shared 2020 third-quarter financial results. Ford Motor market cap has remained high, hitting $30.79 billion at the time of writing.

    XPeng Inc. (NYSE: XPEV)

    XPeng Inc. (NYSE: XPEV) last closed at $20.72, in a 52-week range of $17.11 to $25.00. XPeng has announced vehicle delivery results for October 2020. Analysts have a consensus price target of $24.64. XPeng Inc. (XPEV) XPeng delivered 3,040 vehicles in October 2020, a 229% increase year-over-year. Furthermore, it has delivered 17,117 vehicles year-to-date 2020, a 64% increase year-over-year.

    Tesla Inc. (NASDAQ: TSLA)

    Tesla Inc. (NASDAQ: TSLA) shares headed rising, higher as much as 3.21%. The most recent rating by CFRA, on October 30, 2020, is at a Strong buy. Tesla Inc. (TSLA) has announced that it has decided to open at least one new service center every week in 2021. It has moved up 547.53% from its 52-weeks low and moved down -20.29% from its 52-weeks high.

    Li Auto Inc. (NASDAQ: LI)

    Li Auto Inc. (NASDAQ: LI) rose 13.44% after gaining more than $2.71 on Monday. Li Auto Inc. October 2020 Delivery Update. Li Auto Inc. (LI) disclosed that the Company delivered 3,692 Li ONEs in October 2020, It included a steady increase compared to September. In October, the Company also achieved strong orders, setting a new monthly record.

    Fiat Chrysler Automobiles N.V. (NYSE: FCAU)

    Fiat Chrysler Automobiles N.V. (NYSE: FCAU) stock soar by 2.69% to $12.62 after Tenneco’s DRiV Division Announces Automotive Aftermarket Industry Sponsorship and Donation. The most recent rating by Evercore ISI, on December 18, 2019, is at an Outperform.

    Lordstown Motors Corp. (NASDAQ: RIDE)

    Lordstown Motors Corp. (NASDAQ: RIDE) Shares headed rising, higher as much as 0.15% after BGL Announces the Merger of Lordstown Motors Corporation with DiamondPeak Holdings Corporation in a Transaction Valued Over $1.6 Billion. Lordstown Motors Corp. Lordstown Motors Corp. (RIDE) market capitalization has remained high, hitting $516.66 Million.

    General Motors Company (NYSE: GM)

    General Motors Company (NYSE: GM) stock soar by 0.06% to $34.55. The most recent rating by JP Morgan, on September 09, 2020, is at an Overweight. General Motors Company (GM) has earlier announced that Paul Jacobson has joined the company as executive vice president and chief financial officer, effective Dec. 1. He will report to GM Chairman and CEO Mary Barra.

    Workhorse Group Inc. (NASDAQ: WKHS)

    Workhorse Group Inc. (NASDAQ: WKHS) shares headed rising, higher as much as 4.10%. The most recent rating by ROTH Capital, on October 13, 2020, is at a Neutral. Workhorse Group Inc. (WKHS) has revealed that it has submitted its formal Type Certification application to the Federal Aviation Administration (FAA) for its HorseFlyTM Unmanned Aerial System (UAS).

    Electrameccanica Vehicles Corp. (NASDAQ: SOLO)

    Electrameccanica Vehicles Corp. (NASDAQ: SOLO) rose 2.88% after gaining more than $0.08 on Monday. Electrameccanica Vehicles Corp. (SOLO) has revealed earlier that it has decided to open six new retail locations across the western U.S. within the next month. Electrameccanica Vehicles Corp. has a market capitalization of $197.23 million at the time of writing.

    Nikola Corporation (NASDAQ: NKLA)

    Nikola Corporation (NASDAQ: NKLA) last closed at $18.58, in a 52-week range of $10.20 to $93.99. A class action has started on behalf of certain shareholders in Nikola Corporation, f/k/a VectoIQ Acquisition Corp. The filed complaint disclosed that defendants made materially false or misleading statements.

    Fisker Inc. (NYSE: FSR)

    Fisker Inc. (FSR) stock soar by 11.54% to $11.31. Fisker Inc. (FSR) share price went from a low point around $8.70 to briefly over $21.60 in the past 52 weeks. It has moved up 30.00% from its 52-weeks low and moved down -47.64% from its 52-weeks high. It has a trading volume of 35.66 million as compared to the average volume of 7.57 million during the trading session on Monday.

  • 12 Auto Stocks You Should Consider Buying

    The global auto manufacturing industry is ready to enter a period of wide-ranging and transformative change. This industry is continuously striving to provide best-in-class services to customers. This industry is adopting new technological advancements to provide a frictionless experience to customers. The auto manufacturing sector needs to adjust its strategic priorities to keep pace with the fast-growing world market.

    The fourth industrial revolution is also revolutionizing the auto industry. The auto manufacturing industry is moving towards emission-free mobility by making changes to electrification. Other than this, the auto sector is also getting benefits from technologies such as artificial intelligence, big data technologies, and various other technologies. What are the new trends redefining the auto manufacturing industry in 2020 and beyond?

    Let’s find the answer to this question by looking at these leading companies in the auto manufacturing industry:

    NIO Limited (NYSE: NIO)

    NIO Limited (NYSE: NIO) shares were trading down -2.98% at $27.63 at the time of writing on Monday. NIO Limited (NYSE: NIO) share price went from a low point around $1.36 to briefly over $29.40 in the past 52 weeks, though shares have since pulled back to $27.63. NIO  market cap has remained high, hitting $37.10B at the time of writing, giving it a price-to-sales ratio of more than 20.

    NIO Limited (NIO) has earlier shared its third-quarter delivery result. The company revealed that it has delivered 4,708 vehicles in September 2020.   If we look at the recent analyst rating NIO, JP Morgan upgraded coverage on NIO shares with an Overweight rating and an $18.38 price target, which implies room for -9.25% downside momentum this year.

    Ford Motor Company (NYSE: F)

    Ford Motor Company (NYSE: F) last closed at $7.59, in a 52-week range of $3.96 to $9.57. Analysts have a consensus price target of $7.96. Ford Motor Company (F) dislcosed earlier that former U.S. Ambassador to Russia, Jon Huntsman Jr., would rejoin the company’s board of directors. Huntsman was first elected to Ford’s board in 2012 but left his position in Sept. 2017 to become U.S. ambassador to Russia under President Donald Trump.

    Tesla Inc. (NASDAQ: TSLA)

    Tesla Inc. (NASDAQ: TSLA) stock drop by -2.01% to $430.83. The most recent rating by Morgan Stanley, on October 16, 2020, is at an Equal-weight. Tesla Inc. (TSLA) revealed earlier that it would start exporting China-made Model 3 cars to more than 10 European countries this month. It is planning to join the growing number of automakers using China as an export hub for electric vehicles.

    Nikola Corporation (NASDAQ: NKLA)

    Nikola Corporation (NASDAQ: NKLA) shares headed rising, higher as much as 4.68%. The most recent rating by Wedbush, on September 24, 2020, is at an Underperform. The Shareholders Foundation, Inc. revealed today that a lawsuit was filed for certain investors in NASDAQ: NKLA shares. Nikola Corporation (NKLA) moved up 100.59% from its 52-weeks low and moved down -78.23 from its 52-weeks high.

    Workhorse Group Inc. (NASDAQ: WKHS)

    Workhorse Group Inc. (NASDAQ: WKHS) fall -2.54% after losing more than -$0.58 on Monday. Workhorse Group Inc. (WKHS) has announced that it has closed the previously announced $200 million financings with Antara Capital GP LLC as the lead investor. Workhorse Group Inc.’s market cap has remained high, hitting $2.28 billion at the time of writing.

    General Motors Company (NYSE: GM)

    General Motors Company (NYSE: GM) last closed at $33.35, in a 52-week range of $14.32 to $38.96. Studies Show GM Builds the Most American-Made Vehicle Models. Analysts have a consensus price target of $41.19. General Motors Company (GM) moved up 132.81% from its 52-weeks low and moved down -14.39 from its 52-weeks high.

    Fiat Chrysler Automobiles N.V. (NYSE: FCAU)

    Fiat Chrysler Automobiles N.V. (NYSE: FCAU) last closed at $12.51, in a 52-week range of $6.00 to $16.25. Tenneco to Webcast Presentation at the Gabelli 44th Annual Automotive Symposium. Analysts have a consensus price target of $16.13. Fiat Chrysler Automobiles N.V. (FCAU) has moved up 108.50% from its 52-weeks low and moved down -23.02% from its 52-weeks high.

    XPeng Inc. (NYSE: XPEV)

    XPeng Inc. (NYSE: XPEV) stock drop by -8.87% to $19.84. The most recent rating by UBS, on September 25, 2020, is at a Buy. XPeng Inc. (XPEV) has disclosed today that it has completed the production of 10,000 units of the P7 smart EV sedan, its flagship model. XPEV market cap has remained high, hitting $14.84 billion at the time of writing

    Li Auto Inc. (NASDAQ: LI)

    Li Auto Inc. (NASDAQ: LI) shares headed falling, lower as much as -2.98%. The most recent rating by Morgan Stanley, on August 24, 2020, is at an Overweight. Li Auto Inc. (LI) earlier disclosed that the Company delivered 3,504 Li ONEs in September 2020. The Company’s vehicle deliveries in the third quarter of 2020 reached 8,660 units, representing a 31.1% quarter-over-quarter increase.

    Electrameccanica Vehicles Corp. (NASDAQ: SOLO)

    Electrameccanica Vehicles Corp. (NASDAQ: SOLO) rose 0.36% after gaining more than $0.01 on Monday. Electrameccanica Vehicles Corp. (SOLO) has shared an update related to its ongoing search for the Company’s future U.S. based assembly facility and engineering technology center. ElectraMeccanica has revealed earlier that the remaining two finalists are Arizona and Tennessee.

    Niu Technologies (NASDAQ: NIU)

    Niu Technologies (NASDAQ: NIU) stock drop by -4.29% to $30.53. The most recent rating by Citigroup, on August 17, 2020, is at a Neutral. Niu Technologies (NIU) earlier provided its e-scooter sales volume results for the third quarter of 2020. The company has sold 250,889 e-scooters, representing a 67.9% year-over-year growth in the third quarter of 2020. The number of e-scooters sold in the China market reached 245,293, representing a 70.2% year-over-year growth.

    Tata Motors Limited (NYSE: TTM)

    Tata Motors Limited (NYSE: TTM) shares headed falling, lower as much as -2.16%. The most recent rating by UBS, on August 17, 2020, is at a Sell. Tata Motors Limited (TTM) share price went from a low point around $3.92 to briefly over $14.03 in the past 52 weeks, though shares have since pulled back to $8.61. TTM market cap has remained high, hitting $6.19B at the time of writing

  • 15 Best Stocks In Auto Manufacturers Industry That Need Your Attention

    15 Best Stocks In Auto Manufacturers Industry That Need Your Attention

    One thing which is constant is change. The global auto manufacturing industry has experienced major changes and is striving to change their business model and product portfolios. This industry is going through various unprecedented challenges in 2020 as the coronavirus pandemic has badly impacted the auto industry.  The auto industry aimed to adapt to new technological changes to keep pace with fast-growing markets.

    The auto manufacturing industry is seeing dramatic changes as it entered into the era of the fourth industrialized revolution. There are various technological changes that completely change this industry such as the Internet of things (IoT) has changed the modern automobile system by connected cars. Likewise, other trends include shared mobility and electrification which are adopted by the auto industry to compete in the fast-growing market.  With the emergence of new trends and technologies, consumer behavior is also changing.

    Let see how these top 20 leading companies in the automobile industry addressed the changing behavior of consumers:

    NIO Limited (NYSE: NIO)

    NIO Limited (NYSE: NIO) shares were trading up 10.85% at $20.85 at the time of writing on Tuesday. NIO Limited (NYSE: NIO) share price went from a low point around $1.19 to briefly over $21.05 in the past 52 weeks, though shares have since pulled back to $20.85. NIO market cap has remained high, hitting $27.67B at the time of writing, giving it a price-to-sales ratio of more than 10.

    NIO Limited has earlier showed its EV models including the EP9, an electric supercar introduced in 2016; the ES8, its six-seater flagship premium EV model; and the recently launched EC6 SUV at Beijing International Auto Exhibition 2020. The company has also introduced the Navigate on Pilot feature. This new feature automatically guides the car on ring roads and highways. If we look at the recent analyst rating NIO, Deutsche Bank initiated coverage on NIO shares with a Buy rating and a $16.81 price target, which implies room for -4.04% downside momentum this year.

    Tesla Inc. (NASDAQ: TSLA)

    Tesla Inc. (NASDAQ: TSLA) last closed at $419.07, in a 52-week range of $44.86 to $502.49. Analysts have a consensus price target of $314.68. It has been reported recently that Tesla Inc. is planning to acquire a 10 percent stake in LG Energy Solution.  Elon Musk has also revealed that the company might sell 20 million cars before 2030 and estimated total industry sales at more than 30 million EVs. Tesla has delivered 367,500 vehicles last year. This company market capitalization has remained high, hitting $371.75 billion at the time of writing.

    Ford Motor Company (NYSE: F)

    Ford Motor Company (NYSE: F) stock drop by -1.35% to $6.60. The most recent rating by Evercore ISI, on September 08, 2020, is at an In-line. Ford Motor Company (F) has earlier decreased the price of its upcoming all-electric Mustang Mach-E crossover by as much as $3,000 as the automaker seeks to gain a competitive edge in an increasingly crowded and unsettled sector of the automotive market. This company market capitalization has remained high, hitting $26.38 billion at the time of writing.

    Nikola Corporation (NASDAQ: NKLA)

    Nikola Corporation (NASDAQ: NKLA) shares headed falling, lower as much as -7.36%. The most recent rating by Wedbush, on September 24, 2020, is at an Underperform. Thornton Law Firm informed investors that a shareholder class action lawsuit has been lodged on behalf of shareholders of Nikola Corporation. The securities litigation law firm of Kuznicki Law PLLC has also issued the alert to shareholders of Nikola Corporation.

    Workhorse Group Inc. (NASDAQ: WKHS)

    Workhorse Group Inc. (NASDAQ: WKHS) fall -3.66% after losing more than -$1.03 on Tuesday. Previously, Workhorse Group Inc. (WKHS) disclosed that its C-Series all-electric delivery trucks have achieved an improved and industry-leading range. New data from testing has shown that Workhorse’s 2020 model year C-1000 Extended Range got a maximum of approximately 160 miles per charge under urban situations.

    Kandi Technologies Group Inc. (NASDAQ: KNDI)

    Kandi Technologies Group Inc. (NASDAQ: KNDI) last closed at $7.18, in a 52-week range of $2.17 to $17.40. Analysts have a consensus price target of $4.59. The Shareholders Foundation, Inc. revealed that a lawsuit was filed for certain investors. Kandi Technologies Group Inc. (KNDI) has moved up 230.88% from its 52-weeks low and moved down -58.74% from its 52-weeks high. This company market capitalization has remained high, hitting $369.34 million at the time of writing.

    General Motors Company (NYSE: GM)

    General Motors Company (NYSE: GM) stock drop by -2.38% to $28.74. The most recent rating by JP Morgan, on September 09, 2020, is at an Overweight. General Motors Company (GM) disclosed that it has not concluded the deal to jointly build electric pickup trucks and hydrogen fuel cell tractor-trailers with Nikola Corp. If we look at its profitability, its return on assets, investment, and equity is 0.60%, 3.20%, and 3.70%, respectively. This company has a total market capitalization of $41.29 billion at the time of writing.

    Ayro Inc. (NASDAQ: AYRO)

    Ayro Inc. (NASDAQ: AYRO) shares headed rising, higher as much as 10.84%. Ayro Inc. (AYRO) has announced that it has entered into a strategic partnership with Karma Automotive’s Innovation and Customization Center (KICC). As per the partnership, it will use the state-of-the-art Innovation and Customization Center of Karma, Karma Engineering resources, and the Karma Design Studio to offer expertise and contract manufacturing services for the next generation of AYRO’s light-duty vehicles.

    Li Auto Inc. (NASDAQ: LI)

    Li Auto Inc. (NASDAQ: LI) rose 5.91% after gaining more than $0.95 on Tuesday. Li Auto Inc. (LI) has earlier announced the strategic cooperation with NVIDIA Corporation. Through this strategic cooperation, Li Auto will be the first OEM equipping its vehicles, the full-size extended-range premium smart SUV to be launched in 2022, with the powerful NVIDIA Orin SoC chipset.

    XPeng Inc. (NYSE: XPEV)

    XPeng Inc. (NYSE: XPEV) last closed at $18.78, in a 52-week range of $17.11 to $25.00.  XPeng Inc. (XPEV) disclosed that its wholly-owned subsidiary in China, Guangdong Xiaopeng Motors Technology Co., Ltd. entered into a cooperation agreement with Guangzhou GET Investment Holdings Co., Ltd. This company’s total market capitalization has remained high, hitting $13.43 billion at the time of writing.

    Electrameccanica Vehicles Corp. (NASDAQ: SOLO)

    Electrameccanica Vehicles Corp. (NASDAQ: SOLO) stock soar by 1.20% to $2.52. The most recent rating by ROTH Capital, on July 09, 2019, is at a Buy. Electrameccanica Vehicles Corp. (SOLO) earlier disclosed that the Company is planning to produce an alternative ‘utility and fleet’ version of its flagship SOLO EV, which is projected to become available in early 2021.

    Fiat Chrysler Automobiles N.V. (NYSE: FCAU)

    Fiat Chrysler Automobiles N.V. (NYSE: FCAU) shares headed falling, lower as much as -1.70%. The most recent rating by Evercore ISI, on December 18, 2019, is at an Outperform. Fiat Chrysler Automobiles N.V. (NYSE: FCAU) has earlier announced that it has settled with the U.S. Securities & Exchange Commission regarding the SEC’s investigation into certain emissions-related disclosures by FCA N.V. in early 2016. The settlement includes a payment of $9.5 million.

    GreenPower Motor Company Inc. (NASDAQ: GP)

    GreenPower Motor Company Inc. (NASDAQ: GP) stock drop by -3.36% to $10.51. The most recent rating by BTIG Research, on September 29, 2020, is at a Buy. GreenPower Motor Company Inc. (GP) market capitalization has remained high hitting, 192.07 million at the time of writing.

    Tata Motors Limited (NYSE: TTM)

    Tata Motors Limited (NYSE: TTM) fall -1.22% after losing more than -$0.11 on Tuesday. Tata Motors Limited (TTM) share price went from a low point around $3.92 to briefly over $14.03 in the past 52 weeks, though shares have since pulled back to $8.87. TTM market cap has remained high, hitting $6.38 B at the time of writing.

    Honda Motor Co. Ltd. (NYSE: HMC)

    Honda Motor Co. Ltd. (NYSE: HMC) last closed at $23.38, in a 52-week range of $19.38 to $29.44. Analysts have a consensus price target of $32.04. Honda Motor Co. Ltd. (HMC) has a total market capitalization of $41.71 billion at the time of writing.

     

  • Top 12 Trending Stocks In Auto Manufacturers Industry To Invest In

    Top 12 Trending Stocks In Auto Manufacturers Industry To Invest In

    The global auto manufacturing industry is entering into a new decade in which we anticipate a series of challenges and unexpected events. The manufacturing industry is moving with fast speed to keep pace with fast-moving technologies and innovations. The automotive industry is facing dramatic changes with the emergence of new technologies.

    The auto manufacturing sector needs to adjust its strategic priorities to gain a competitive edge.  2020 is the year of opportunities and challenges for the auto sector. The new technological advancement brings more opportunities for the industry. Consumer behavior is also changing with rapid technological innovation.

    Let’s take a quick look at the leading companies in the auto manufactures industry and see how the companies are following new trends:

    NIO Limited (NYSE: NIO)

    NIO Limited (NYSE: NIO) stock soar by 0.57% to $19.41. The most recent rating by Deutsche Bank, on September 08, 2020, is at a Buy. NIO Limited (NIO) has announced it has selected GM to be its manufacturing partner for its electric pickup truck dubbed the Badger. The Badger will use GM’s widely acclaimed Ultium battery technology. NIO Limited market capitalization remained high, hitting $26.29 billion.

    Workhorse Group Inc. (NASDAQ: WKHS)

    Workhorse Group Inc. (NASDAQ: WKHS) Shares headed rising, higher as much as 9.17%. The most recent rating by Oppenheimer, on September 03, 2020, is at an Outperform. Workhorse Group Inc. (WKHS) has earlier participated in the 9th Annual Gateway Conference on September 9th and 10th, 2020. Looking at its liquidity, it has a current ratio of 0.30. This company market capitalization has remained high, hitting $2.95 billion at the time of writing.

    General Motors Company (NYSE: GM)

    General Motors Company (NYSE: GM) last closed at $31.50, in a 52-week range of $14.32 to $38.96. It has moved up to 119.90% and moved down -19.14%. Analysts have a consensus price target of $40.38. General Motors Company (GM) has faced unexpected bills as India-China tensions delay the sale of India plant -sources. This company market capitalization has remained high, hitting $45.68 billion.

    Li Auto Inc. (NASDAQ: LI)

    Li Auto Inc. (NASDAQ: LI) stock drop by -1.33% to $17.03. The most recent rating by Morgan Stanley, on August 24, 2020, is at an Overweight. Li Auto Inc. (LI) has named Mr. Kai Wang as chief technology officer effective September 15, 2020. Mr. Wang will responsible for providing overall leadership in advanced technology research and development in intelligent vehicles, including electronic and electrical architecture, intelligent cockpit, autonomous driving, etc.

    Fiat Chrysler Automobiles N.V. (NYSE: FCAU)

    Fiat Chrysler Automobiles N.V. (NYSE: FCAU) Shares headed falling, lower as much as -3.46%. The most recent rating by Evercore ISI, on December 18, 2019, is at an Outperform. Fiat Chrysler Automobiles N.V. (FCAU) has revealed that it has revised the merger deal with French partner PSA. After the deal revision,  FCA’s shareholders getting a smaller cash payout but a stake in another business.

    Electra Meccanica Vehicles Corp. (NASDAQ: SOLO)

    Electra Meccanica Vehicles Corp. (NASDAQ: SOLO) last closed at $2.58, in a 52-week range of $0.89 to $6.00. Electra Meccanica Vehicles Corp. (SOLO) has revealed that it has decided to produce an alternative ‘utility and fleet’ version of its flagship SOLO EV, which is expected to become available in early 2021. This company market capitalization has remained high, hitting $166.69 million.

    Nikola Corporation (NASDAQ: NKLA)

    Nikola Corporation (NASDAQ: NKLA) rose 1.06% after gaining more than $0.36 on Friday. Nikola Corporation (NKLA) revealed that Trevor Milton approached the Board of Directors and proposed to leave his position as an Executive Chairman and from the Board. The Board accepted his proposal, and Stephen Girsky, former Vice Chairman of General Motors Co. and a member of Nikola’s Board, has been named Chairman of the Board, effective immediately.

    Kandi Technologies Group Inc. (KNDI)

    Kandi Technologies Group Inc. (KNDI) stock drop by 0.00% to $6.14. Kandi Technologies Group Inc. (KNDI) revealed the establishment of a wholly-owned subsidiary for its battery swapping services, China Battery Exchange Technology Co., Ltd. Using this China Battery Exchange Technology Company, Kandi can better monetize its dozens of patents in the field of battery swap systems. This company market capitalization has remained high, hitting $335.18 million at the time of writing.

    Tesla Inc. (NASDAQ: TSLA)

    Tesla Inc. (NASDAQ: TSLA) shares were trading up 4.42% at $442.15 at the time of writing on Friday. Tesla Inc. (NASDAQ: TSLA) share price went from a low point around $43.67 to briefly over $502.49 in the past 52 weeks, though shares have since pulled back to $442.15. TSLA market cap has remained high, hitting $394.56B at the time of writing, giving it a price-to-sales ratio of more than 10.

    If we look at the recent analyst rating TSLA, Piper Sandler reiterated coverage on TSLA shares with an Overweight rating and a $307.06 price target, which implies room for -135.09% downside momentum this year.

    Ford Motor Company (NYSE: F)

    Ford Motor Company (NYSE: F) last closed at $7.23, in a 52-week range of $3.96 to $9.60. It has moved up 82.58% from its 52-weeks low and moved down -24.69% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 1.30. This company market capitalization remained high, hitting $28.45 billion at the time of writing. Analysts have a consensus price target of $7.66.

    XPeng Inc. (NYSE: XPEV)

    XPeng Inc. (NYSE: XPEV) fall -1.77% after losing more than -$0.34 on Friday. XPeng Inc. (XPEV) share price went from a low point around $17.37 to briefly over $25.00 in the past 52 weeks, though shares have since pulled back to $18.90.  It has moved up 8.81% from its 52-weeks low and moved down -24.40% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 1.10. XPeng Inc.’s market cap has remained high, hitting $14.14 billion at the time of writing.

    Tata Motors Limited (NYSE: TTM)

    Tata Motors Limited (NYSE: TTM) Shares headed falling, lower as much as -1.20%. The most recent rating by UBS, on August 17, 2020, is at a Sell. In the past 52-weeks of trading, Tata Motors Limited (TTM) stock has fluctuated between the low of $3.92 and a high of $14.03. It has moved up 152.04% from its 52-weeks low and moved down -29.58% from its 52-weeks high. This company market capitalization has remained high, hitting $7.11 billion at the time of writing.

  • 5 Stocks That Can Be A Good Buys in Auto Manufacturers Industry

    5 Stocks That Can Be A Good Buys in Auto Manufacturers Industry

    The global auto manufacturing industry has been continuously evolving with the change in consumer demands, environment, and material innovation. As the world is moving with fast speed, the auto manufacturing industry is also entering into a new era of growth in which we expect a series of challenges but also various opportunities and it starts with 2020. 2020 is going to be a year of continuous change.

    The auto manufacture industry will need to evolve fast to keep pace with innovation in these areas. This industry is vital to the economy and workforce of the world. To gain a competitive edge and to capture future growth there is a need that the auto manufacturer industry adjusts its strategic priorities.

    Let’s have a look at the top 5 leading companies in the auto manufacturing industry:

    Tesla Inc. (NASDAQ: TSLA)

    Tesla Inc. (NASDAQ: TSLA) shares were trading down -5.83% at $447.37 at the time of writing on Wednesday. Tesla Inc. (NASDAQ: TSLA) share price went from a low point around $43.67 to briefly over $502.49 in the past 52 weeks, though shares have since pulled back to $447.37. TSLA market cap has remained high, hitting $421.65B at the time of writing, giving it a price-to-sales ratio of more than 10.

    It has been disclosed that Tesla CEO Elon Musk has met with three German ministers. He discussed the progress of collaboration between Tesla and the German biotech company. Musk was satisfied with the progress of the alliance of Tesla with vaccine developer CureVac.

    Proxy advisory firm Glass Lewis disclosed it had suggested Tesla’s investor vote in favor of re-electing  Chairwoman Robyn Denholm. If we look at the recent analyst rating TSLA, Jefferies reiterated coverage on TSLA shares with a Buy rating.

    Ford Motor Company (NYSE: F)

    Ford Motor Company (F) last closed at $6.95, in a 52-week range of $3.96 to $9.65. Analysts have a consensus price target of $7.46. Ford Motor Co. is offering buyouts to its US salaried workers as it is planning to cut its workforce by about 1,400.

    The decision has been taken to bear the shock of decreased demands amid pandemic. Ford Motor traded up 75.51% and traded down -27.98% during the 52-weeks low and high, respectively.

    Workhorse Group Inc. (NASDAQ: WKHS)

    Workhorse Group Inc. (NASDAQ: WKHS) stock drop by -5.98% to $18.94. The most recent rating by ROTH Capital, on July 13, 2020, is at a Buy. Workhorse Group has announced its participation in conferences such as LD Micro 500 Virtual Conference, 9th Annual Gateway Conference, 5th Annual Colliers Institutional Investor Conference, and Cowen 13th Annual Global Transportation & Sustainable Mobility Conference in September 2020.

    It has earlier signed deals with Hitachi to increase its production. If we look at the profitability of the Workhorse Group, it has reported the return on asset of -308.10%, return on equity of 331.60%, -102.90%.

    General Motors Company (NYSE: GM)

    General Motors Company (NYSE: GM) Shares headed rising, higher as much as 3.93%. The most recent rating by Goldman, on June 12, 2020, is at a Buy. General Motors and Ventec Life systems have joined forces to help fight the COVID-19 pandemic. The companies have delivered 30,000th V+Pro critical care ventilators to the U.S. Department of Health and Human Services. It has a 52-weeks low and high range of $143.22 and $39.78, respectively.

    Nikola Corporation (NKLA)

    Nikola Corporation (NASDAQ: NKLA) fall -3.85% after losing more than -$1.58 on Wednesday. Nikola Corporation’s founder and executive chairman has awarded the 6,005,162 options for shares of common stock to employees. This decision did not result in any stock dilution as shares underlying the options are granted from the founder’s existing holdings. Nikola Corporation’s stock has fluctuated between the low of $10.17 and a high of $93.99.  NKLA market cap has remained high, hitting $14.20 billion at the time of writing.