ImageXpeng (NYSE: XPEV) delivered 11,008 vehicles in July, up 27.70 percent from 8,620 in June, its sixth sequential increase in monthly deliveries. The G6 delivered more than 3,900 units in July. Xpeng deliveries in July exceeded their expectations and expects the company to deliver 15,000 units in August or September.This means that their new line up of EV's are selling well. This growth is awesome and will only trend higher going forward. With VW now a strategic and vested partner, expect greater things to come. XPEV will breach $50 by end of year, however I am expecting it to be more like $75. Keep in mind the stock is up around 100% since beginning of the year, so not sure why people are complaning about the current stock price. The stock price will end up much higher by end of year.
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$NIO Inc.(NIO)$ Very high volume the past four days in both HK and US.Right before earnings.I am not sure what to make of this. It could be, shorts exiting their positions before earnings. Whales buying in before earnings. Or, nothing at all. Good luck.
Ok, the worries now is not interest rate, it is funding with banks/ credit crunch expected. Small cap and this will struggle likely. I have to admit, getting cheap $S&P Biotech Bull 3X Shares(LABU)$ empire spoilers GIF
XPEV: Jul shows strength of new product cycles
XPEV: Jul shows strength of new product cycles
At the current share price, or if it dips any lower, it will end up being a fantastic mid-long term investment. Unfortunately, many won’t have that vision because they are only trying to flip it for short term gains. I am still kicking myself for not buying banks back in the 2008-9 financial crisis, could have made a fortune! Time and patience will be rewarded, just got to filter the negativity and stick to the facts.
Grab: Another Top Southeast Asian Growth Stock
"What's most intriguing is that Altimeter Capital selected Grab as its SPAC partner" What is more intriquing is Altimeter Capital sold out its entire position last quarter at the bottom.I've been to Bangkok multiple times. Yes, Grab has a huge presence there BUT the competition in the delivery space is incredibly fierce and endless. Lineman, Food Panda, et al. NO WAY they will dominate this space, much less take market share so this particular segment is capped. Mobility will continue to grow as tourism returns as the farang are much more likely to use GRAB than local taxi (dumb move tho - local taxi is dirt cheap krup lol).$Grab Holdings(GRAB)$
Michael Burry Boosts Bets on China Big Tech as Stocks Rebound -- but can a rebound off the bottom stick with the new round of tariffs & trade embargoes planned?The Chinese tech stocks he bought are domestic tech stocks with effectively no money coming from america (or the rest of the world really). Baidu $Baidu(BIDU)$ and jd.com $JD.com(JD)$
Short crooks are getting out from high tech longer term Puts while they can. They are realizing that with stable employment, banking, and declining inflation this is their last chance. Sustained bull rally starts this week. $Shopify(SHOP)$ Buzz Lightyear Berlin GIF
PENN is profitable but most of the 500+ million profit in Q1 was non-cash and it will be reversed when PENN writes down the Barstool investment in Q3. However, PENN is producing significant free cash flow from their traditional business which they can invest into the OSB business without needing external capital. I think it is quite likely that ESPN insisted that Portnoy and Barstool get pushed out and might have sweetened the terms of the deal to achieve that. Otherwise, last year Draftkings was reported to in discussion for a similar deal with ESPN for 3+ billion dollars. PENN traded at $29.30 after earnings, and the calls went up from $0.90 to more than $3.80 intraday, for a fantastic 4.20X Profit! Impressive!Congrats to those who bought the calls!
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