U.S. stocks finished a choppy session mostly lower on Thursday after the ISM manufacturing index showed American factory activities contracted to a 30-month low in November. Stocks had opened mostly h...
Tag: automotive
This trader sees a 43% drop for the S&P 500 and says to take shelter in these ETFs instead.
A day after the Dow DJIA, -0.11% climbed out of bear territory on hopeful comments by Fed Chairman Jerome Powell, stocks look ready to rethink on that optimsim, even after fresh inflation data showed ...
Elon Musk Fears Economic Disaster if This Is Not Done Immediately
The economy’s health remains the main subject of concern for consumers and investors, who just about every week see another wave of corporate job cuts. On Nov. 30, DoorDash was the umpteenth com...
China electric vehicle maker XPeng posts wider than expected 3Q loss of CNY2.38 billion ($332m)
XPeng Inc. XPEV, +6.53% said Wednesday that it expects its fourth-quarter vehicle deliveries to decline as much as 52% as the Chinese electric-car maker reported a wider loss for the third quarter. XP...
VinFast is shipping 999 of its electric vehicles to California as the Vietnamese company looks for a place in the U.S. market
Brace yourself, America; VinFast is on the way. The Vietnam-based electric vehicle maker is taking the slow boat to California as it sends its first batch of 999 VF 8s, the company’s 5-seater el...
Generac Catches Another Downgrade. This Time Ford’s EV F-150 Is to Blame.
Shares of backup power provider Generac caught another downgrade. This time electric vehicles are to blame. Jefferies analyst Saree Boroditsky downgraded shares of Generac (ticker: GNRC) to Sell from ...
Lordstown Stock Rises as Endurance EV Trucks Are Cleared for Sale
Lordstown Motors hit an important milestone. Shares are rising, even though many people may not know the word used to describe that step. The Ohio-based electric truck startup announced Tuesday that i...
China EV ‘honeymoon’ is ending, Jefferies says; XPeng stock downgraded
The “honeymoon stage” for electric vehicles in China is coming to an end, analysts at Jefferies said in a note Monday, highlighting EV makers BYD Auto Co. Ltd. and Li Auto Inc. as their top picks and ...
XPeng Stock Gets Another Downgrade. It’s Becoming More Controversial Than Tesla.
Shares of pure-play electric vehicle producers can be controversial on Wall Street. High-growth car stocks can be difficult to value when the traditional auto players trade for less than seven or eigh...
Many investors are betting on an inflation peak. Here’s why a former hedge-fund manager says they’re wrong.
Investors are waking up to big trouble in big China. Stock futures and oil prices are falling after angry anti-COVID zero protests swept the country. “This is a sudden powerful new distraction for mar...
Elon Musk Email Was Old News. He Still Likes His Advice For Managers.
Tesla CEO Elon Musk looked to have some welcome news for investors. But it was old news. All that investors can take away from a Saturday tweet is Musk doesn’t like a lot of meetings. An email from Mu...
Bear markets come in three stages; and we’ve only just started the second, says veteran analyst.
Stocks will start the Black Friday half-session near 10-week highs, having rebounded partly on hopes the Federal Reserve will be slowing the pace of interest rate rises as it waits to see how much pre...
The Next U.S. Energy Revolution Is Here
Until now, the U.S. clean-energy revolution has been imported. Other countries make almost all of the batteries, solar panels, and critical chemicals used in America. But the revolution is starting to...
No Break For Carvana, the ‘Amazon of Used Cars’
Concerns are mounting around Carvana, the “Amazon of used cars.” The online car retailer was an investor darling during the pandemic. They hailed the new economy that wanted consumers to ...
Billionaire George Soros Punishes Rivian
George Soros is betting on the auto industry. The billionaire continues to invest in this sector, which is in the process of abandoning gas cars in favor of electric cars, while public policies in Eu...
Billionaire George Soros Embraces Ford
The automobile sector is of particular interest to George Soros. The legendary investor has invested a lot of money in this industry, which is in full transformation towards electric vehicles. Soros ...
George Soros Backs Elon Musk, Tesla
Elon Musk has spoken a lot less about Tesla (TSLA) – Get Free Report in recent months. Very busy finalizing the acquisition of Twitter for $44 billion, and finding new sources of revenue for th...
The best-performing sector in 2022 is not finished crushing it, says Citi, offering three stocks to buy
You can count on it, says our call of the day provided by Citigroup, though they say investors can’t expect as lofty returns. “We see market rotation into energy equities as having further to run, eve...
Rout of Carvana, the ‘Amazon of Used Cars,’ Has No End
Concerns are mounting around Carvana, the “Amazon of used cars.” The company was an investor darling during the pandemic. They hailed the new economy that wanted consumers to buy everythi...
Tesla Slumps; Chart Highlights Major Support Nearby
Down more than 50% this year, Tesla (TSLA) – Get Free Report stock is finally succumbing to the 2022 bear market. Interestingly, though, the electric-vehicle leader’s stock is not breakin...
Markets will shift to a ‘hope’ phase next year, and investors would be wise not to miss it, says Goldman Sachs
Fresh China COVID-19 worries are threatening to nix any preholiday gains for Wall Street, with stocks struggling, oil tumbling and the dollar higher as Monday’s session gets underway. In a shortened w...
Why Are Automotive Chips Still In Short Supply?
The auto industry is still short semiconductor chips getty By now almost everyone knows that the auto industry is still short semiconductor chips, although the situation seems to be improving. While i...
Collapse of Carvana, the ‘Amazon of Used Cars’, Continues
The sky is not clearing up for Carvana. On the contrary, big clouds continue to gather over the company which was one of the big winners of the covid-19 pandemic, with a massive growth. Since announ...
A year after the Nasdaq peak, why stocks could rally from here.
This weekend a year ago the Nasdaq Composite hit a record high. And why not. The Fed Funds rate was then effectively zero, while the central bank continued to buy assets, pumping liquidity into the ma...
Banks are short more than $1 trillion in capital, says this analyst, who fears the shortfall will only get worse
The new year is nearly upon us, and one idea for where to invest is the banking sector, whose margins benefit from the high interest rates, at not terribly demanding valuations. That claim may surpris...