Kevin O''Leary Called The Bottom In Chinese Stocks: Now What?

06:24pm, Wednesday, 16'th Mar 2022 Benzinga
Kevin O''Leary , chairman of O''Shares ETFs, took some heat for buying Chinese stocks earlier this week when seemingly everyone disagreed with his reasoning, but it was an obvious move for the savvy investor. "When everybody in the market hates them and you start getting analysts calling them ''uninvestable,'' you have to tiptoe into the tulips," O''Leary said Wednesday on CNBC. At the beginning of the week , O''Leary bought shares of Alibaba Group Holding Ltd (NYSE: BABA ), Tencent Holdings Ltd (Pink: TCEHY ) and Meituan (Pink: MPNGF ). See Also: Why Alibaba, Nio … Full story available on Benzinga.com

Why Nio, XPeng, and Li Auto Shares Shot Higher Wednesday

05:05pm, Wednesday, 16'th Mar 2022 The Motley Fool
Fears of Chinese stocks being delisted from U.S. exchanges may have been premature.

Why Alibaba, Nio And Other Chinese Stocks Are Surging

01:31pm, Wednesday, 16'th Mar 2022 Benzinga
Shares of Chinese companies including Alibaba Group Holding Ltd (NYSE: BABA ) and NIO Inc (NYSE: NIO ), are trading higher Wednesday following a Chinese state media report indicating China''s financial stability and development committee urged market stability measures and mentioned cooperation with U.S. regulators. According to Chinese state media, regulators from both countries are progressing toward a … Full story available on Benzinga.com
Benzinga’s “Daily Brief On Trending Tickers” highlights top-searched tickers from around the web and uses the Benzinga Pro platform to highlight recent news items possibly impacting those stocks. The data on the trending tickers is compiled from a list of most-discussed tickers on the popular Reddit forum WallStreetBets. Alibaba Group Holding Ltd (NYSE: BABA ): Chinese stocks are seeing some relief Wednesday as China’s top administrative authority said it would work to stabilize Chinese stock markets and boost economic growth in the first quarter with “concrete actions,” state-run Xinhua News Agency reported. Nio Inc (NYSE: NIO ): Hong Kong’s Hang Seng Index soared 9.1% & China’s Shanghai Composite +3.5% after reports of progress with … Full story available on Benzinga.com

Nio, XPeng and Li Auto soar as Chinese EV stocks look to recover

11:53am, Wednesday, 16'th Mar 2022 Seeking Alpha
Chinese electric vehicle stocks soared in early trading on Wednesday after a pledge from China''s central bank to keep capital markets stable and stimulate economic growth. Read more.
U.S. listed Chinese electric vehicle maker Nio Inc (NYSE: NIO ) secured the top rank in a study that ranks car quality in China, CnEVpost reported on Wednesday, citing the report by automotive website Autohome. What Happened: Shanghai-based Nio is ahead of rival Li Auto Inc (NASDAQ: LI ) ranked twelfth, BYD Co (OTC: BYDDY ), while Tesla Inc (NASDAQ: TSLA ) was … Full story available on Benzinga.com
Microsoft Corporation (NASDAQ: MSFT ), Nio, Inc (NYSE: NIO ) and Snap, Inc (NASDAQ: SNAP ) are all trading higher in strong downtrends. A downtrend occurs when a stock consistently makes a series of lower lows and lower highs on the chart. The lower lows indicate the bears are in control, while the intermittent lower highs indicate consolidation periods. Traders can use moving averages to help identify a downtrend, with descending lower timeframe moving averages (such as the eight-day or 21-day exponential moving averages) indicating the stock is in a steep shorter-term downtrend and descending longer-term moving averages (such as the 200-day simple moving average) indicating a long-term downtrend. A stock often signals when the lower low is in by printing a reversal candlestick such as a doji, bullish engulfing or hammer candlestick. Likewise, the lower high could be signaled when a doji, gravestone or dragonfly candlestick is printed. Moreover, the lower lows and lower highs often take place at resistance and support levels.

NIO, XPeng, KE Holdings among premarket losers'' pack

12:21pm, Tuesday, 15'th Mar 2022 Seeking Alpha
Evolv Technologies Holdings EVLV -28% on Q4 earnings release.Coupa Software COUP -28% on Q4 earnings release.Nine Energy Service (NINE) -14%.Zhongchao (ZCMD) -13%.Houston American…
Chinese e-commerce giant Alibaba Group Holding Ltd . (NYSE: BABA ) and electric vehicle maker Nio Inc. (NYSE: NIO ) are seeing high interest on Reddit’s r/WallStreetBets forum as of early Tuesday. What Happened : Alibaba is seeing the third-highest interest on the forum with 205 mentions, while Nio is the tenth-most discussed stock with 56 mentions, data from Quiver Quantitative showed. Alibaba is also the top trending ticker on Stocktwits , while Nio is trending in the sixth spot. See Also: … Full story available on Benzinga.com
U.S.-listed Chinese stocks are selling off on regulatory fears; Nio, XPeng, and Li Auto were caught in the downdraft.

Why Alibaba, Nio And Other Chinese Stocks Are Falling Today

02:47pm, Monday, 14'th Mar 2022 Benzinga
Shares of several Chinese stocks including Alibaba Group Holding … Full story available on Benzinga.com
Nio stock (NIO) fell sharply again on Friday as the continued dumping of Chinese tech stocks saw another leg lower. NIO and others have taken a signif

Shell’s electric vehicle fleet to rise 500,000 by 2050

11:12am, Monday, 14'th Mar 2022 BusinessDay
Global energy giant Shell says it is seeking to raise the number of electric vehicles it operates by more than 500,000 by 2025, up from the current 90,000. The company, in its annual report, said it is going to achieve this by giving customers what they want and need by charging services that are convenient, reliable and easy to use. Andrew Mackenzie, Shell’s bard chair, said, “Shell currently operates almost 90,000 electric vehicle charge points globally. We aim to increase this to more than 500,000 by 2025. He added that “To achieve this, we must give customers what they want and need: charging services that are convenient, reliable and easy to use.” In November 2021, for example, the company signed a strategic co-operation agreement with electric vehicle company NIO aimed at making charging easier for customers around the world. Read also: Shell Nigeria’s oil output dips 22% on challenges While noting this, the company believes that achieving a net-zero emissions energy business by 2050 will be dependent on its ability to work with customers. “We have a network of 1 million commercial and industrial customers and around 32 million customers a day visit our 46,000 branded retail service stations. “By listening to our customers, learning from them and working with them, we can understand what they want and need as the world moves towards a lower-carbon future.
Shares of U.S.-listed Chinese tech companies tumbled in Hong Kong on Monday and dragged the benchmark Hang Seng Index sharply lower for a second straight day amid worries about a growing COVID-19 outbreak in China. Stock Movement (+/-) Xpeng Inc. (NYSE: XPEV ) -16.9% Li Auto Inc. (NASDAQ: LI ) -16.6% Baidu Inc. (NASDAQ: BIDU ) -14.9% JD.com Inc . (NASDAQ: JD ) -12.4% Nio Inc . (NYSE: NIO ) -12.3% Alibaba Group Holding Limited (NYSE: BABA ) -7.8% Tencent Holdings Limited (OTC: TCEHY ) -4.5% See Also: How To Buy Alibaba (BABA) Stock The Macro Factors: The Hang Seng Index opened sharply lower and … Full story available on Benzinga.com
Tesla, Inc. (NASDAQ: TSLA ) by virtue of its first-mover advantage has maintained its pole position in the EV industry. The field, however, is getting crowded with the passing of each day, given government mandates, environmental concerns and the allure of the massive market opportunity. Tesla has been the benchmark for all the late entrants and the legacy automakers, which have charted out ambitious plans for transitioning into EVs. As recently as last week, Stellantis N.V. (NYSE: STLA ), formed by the merger of Fiat Chrysler and French PSA Group, said it will eventually take a shot at Tesla''s EV leadership. Here are a few companies that see themselves challenging Tesla: Stellantis Sees Healthy Rivalry Stellantis is confident of catching up with Tesla in the next couple of years, CEO Carlos Tavares said in a televised Q&A session with reporters Friday. ""I am very confident, I am trying not to be arrogant," the CEO said. "It''s going to be a very healthy competition." Travares also underlined the importance of setting up of charging infrastructure in Europe and the U.S. to catalyze increased EV adoption.
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