For weeks, shares of Chinese electric vehicle (EV) stock, NIO have been trending higher.
In fact, since the start of November 2019, it’s run from $1.40 to $2.24. All even as the Chinese EV industry is bombarded with lower than expected delivery volume, earnings losses, and far too many competitors. Yet, it continues to push higher, as the company ramps up delivery volumes behind stronger than expected ES6 demand.
In addition, should the pesky trade war end, we may see further upside.
“Spring for electric vehicles is near” as more manufacturers are “educating the market” and delivering vehicles in China, the CEO said, as quoted by Benzinga.
Disney Rises as Frozen 2 Breaks Records
Shares of DIS have exploded higher after Frozen 2 hauled in more than $350 million in its opening weekend. That pegs it as one of the highest grossing films of all time. Things may get even better for DIS with the December 2019 release of Star Wars: The Rise of Skywalker, too.
Consumer Edge Research also initiated coverage on DIS with an overweight rating.
“We believe DIS is now clearly under-earning with big strategic shifts ongoing. We see early signs of traction & the flywheel is working. DIS has unique competitive advantages around brands & content that drive franchise-level unit economics across a wide variety of products and forms of monetization. We also see unique advantages around distribution given the importance of sports rights in the current pay TV bundle, a more portal-oriented approach to ESPN and sports distribution (see the mobile app), and given their strategic positioning with Hulu’s MVPD offering,” as quoted by CNBC.
Dick’s Sporting Goods Inc. (DKS)
Shares of DKS are up 19%, or $7.75 on the day after the retailer raised its full-year earnings expectations for the third time this year.
According to Bloomberg, “The company expects adjusted full-year earnings of $3.50 to $3.60 a share, excluding some items. It had forecast $3.30 to $3.45 a share in August. Third-quarter earnings of 52 cents a share outpaced analysts’ expectation of 38 cents.”