NIO Stock (NYSE:NIO), Trade Ideas

Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold over 160,000 EVs in 2023, accounting for about 2% of the China passenger new energy vehicle market.

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Netflix, ON Semiconductor And Other Big Stocks Moving Lower In Friday&#39;s Pre-Market Session

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Investors eye opportunities as top Chinese stocks hit 52-week lows. NIO, XPeng, and Baidu show potential upside of 311.70%, 215.78%, and 66.17%, respectively

Nio, XPeng, Baidu Are Trading Near 52-Week Lows: Which Chinese Stock Has More Upside?

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The rise coincides with the company&#39;s announcement that it will unveil the 2024 ET5 sedan and ES7 SUV at the upcoming Beijing International Automotive Exhibition.

Why Tesla Rival Nio Is Up Over 1% Premarket Today

NIO Inc. American depositary shares, each representing one Class A ordinary share

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NIO shares are trading lower amid weakness in China EV stocks.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$150.00</td>
<td>$36.9K</td>
<td>39.0K</td>
<td>9.6K</td>
</tr>
<tr>
<td>RIVN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.00</td>
<td>$423.7K</td>
<td>31.4K</td>
<td>6.7K</td>
</tr>
<tr>
<td>HIBB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$80.00</td>
<td>$46.8K</td>
<td>1.5K</td>
<td>1.8K</td>
</tr>
<tr>
<td>NIO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$4.00</td>
<td>$55.5K</td>
<td>8.6K</td>
<td>814</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>08/16/24</td>
<td>$180.00</td>
<td>$31.5K</td>
<td>2.4K</td>
<td>531</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$85.00</td>
<td>$81.3K</td>
<td>2.5K</td>
<td>322</td>
</tr>
<tr>
<td>ULTA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$415.00</td>
<td>$65.3K</td>
<td>2</td>
<td>186</td>
</tr>
<tr>
<td>RRR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$49.00</td>
<td>$25.8K</td>
<td>689</td>
<td>117</td>
</tr>
<tr>
<td>LULU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$220.00</td>
<td>$41.5K</td>
<td>1.1K</td>
<td>100</td>
</tr>
<tr>
<td>BKNG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$3300.00</td>
<td>$28.1K</td>
<td>21</td>
<td>17</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a put option trade with bearish sentiment. It expires in 28 day(s) on May 17, 2024. Parties traded 36 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $36.9K, with a price of $1025.0 per contract. There were 39093 open contracts at this strike prior to today, and today 9662 contract(s) were bought and sold. 
• For RIVN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), we notice a put option sweep that happens to be bearish, expiring in 273 day(s) on January 17, 2025. This event was a transfer of 4871 contract(s) at a $5.00 strike. This particular put needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $423.7K, with a price of $87.0 per contract. There were 31413 open contracts at this strike prior to today, and today 6707 contract(s) were bought and sold. 
• For HIBB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>), we notice a call option trade that happens to be bullish, expiring in 28 day(s) on May 17, 2024. This event was a transfer of 390 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $46.8K, with a price of $120.0 per contract. There were 1559 open contracts at this strike prior to today, and today 1868 contract(s) were bought and sold. 
• For NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), we notice a put option sweep that happens to be bearish, expiring in 91 day(s) on July 19, 2024. This event was a transfer of 794 contract(s) at a $4.00 strike. This particular put needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $55.5K, with a price of $70.0 per contract. There were 8626 open contracts at this strike prior to today, and today 814 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option trade that happens to be neutral, expiring in 119 day(s) on August 16, 2024. This event was a transfer of 25 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $31.5K, with a price of $1263.0 per contract. There were 2447 open contracts at this strike prior to today, and today 531 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a call option sweep with bearish sentiment. It expires in 28 day(s) on May 17, 2024. Parties traded 173 contract(s) at a $85.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $81.3K, with a price of $470.0 per contract. There were 2550 open contracts at this strike prior to today, and today 322 contract(s) were bought and sold. 
• For ULTA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>), we notice a call option trade that happens to be bullish, expiring in 7 day(s) on April 26, 2024. This event was a transfer of 99 contract(s) at a $415.00 strike. The total cost received by the writing party (or parties) was $65.3K, with a price of $660.0 per contract. There were 2 open contracts at this strike prior to today, and today 186 contract(s) were bought and sold. 
• For RRR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRR#NASDAQ">RRR</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 30 contract(s) at a $49.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $25.8K, with a price of $860.0 per contract. There were 689 open contracts at this strike prior to today, and today 117 contract(s) were bought and sold. 
• For LULU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>), we notice a put option trade that happens to be bearish, expiring in 273 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $41.5K, with a price of $415.0 per contract. There were 1170 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold. 
• For BKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>), we notice a put option trade that happens to be bearish, expiring in 336 day(s) on March 21, 2025. This event was a transfer of 1 contract(s) at a $3300.00 strike. The total cost received by the writing party (or parties) was $28.1K, with a price of $28120.0 per contract. There were 21 open contracts at this strike prior to today, and today 17 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AMZN

BKNG

HIBB

LULU

RIVN

SBUX

TSLA

ULTA

10 Consumer Discretionary Stocks Whale Activity In Today's Session

U.S. stock futures were lower this morning, with the Nasdaq futures declining over 100 points on Friday.
Shares of Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) fell sharply in today's pre-market trading following <a href="https://www.benzinga.com/news/earnings/24/04/38324337/netflix-q1-earnings-highlights-revenue-beat-eps-beat-9-33-million-paid-subs-added-ad-tier-plan-upda">first-quarter results.</a>
Netflix reported upbeat earnings and sales results for its first quarter. The company added 9.33 million paid net new subscribers in the first quarter to bring the company to a total of 269.60 million.
Netflix shares fell 6% to $573.81 pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Critical Metals Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRML#NASDAQ">CRML</a>) shares fell 12.3% to $7.37 in pre-market trading after surging 12% on Thursday.</li>
<li>Adaptive Biotechnologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADPT#NASDAQ">ADPT</a>) shares declined 11.4% to $2.07 in pre-market trading. Adaptive Biotechnologies is expected to report financial results for the first quarter 2024 after the closing bell on May 7, 2024.</li>
<li>Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) fell 6.1% to $27.40 in pre-market trading.</li>
<li>SAGE Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAGE#NASDAQ">SAGE</a>) shares declined 5.6% to $12.30 in pre-market trading. The company recently announced topline results from Phase 2 PRECEDENT study of dalzanemdor for the treatment of people with mild cognitive impairment in Parkinson&#8217;s Disease.</li>
<li>DocGo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCGO#NASDAQ">DCGO</a>) shares fell 5.5% to $3.23 in pre-market trading.</li>
<li>Sunnova Energy International Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) fell 4.5% to $3.61 in pre-market trading.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) fell 3.8% to $3.85 in pre-market trading.</li>
<li>ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) shares fell 2.9% to $61.13 in pre-market trading after Exane BNP Paribas downgraded the stock from Neutral to Underperform.</li>
</ul>

Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38329059/netflix-procter-gamble-and-3-stocks-to-watch-heading-into-friday">Netflix, Procter &amp; Gamble And 3 Stocks To Watch Heading Into Friday</a>

Netflix, ON Semiconductor And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Investors with a lot of money to spend have taken a bullish stance on NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NIO, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 10 uncommon options trades for NIO.
This isn't normal.
The overall sentiment of these big-money traders is split between 70% bullish and 30%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $1,282,892, and 4 are calls, for a total amount of $145,509.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $2.5 and $25.0 for NIO, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for NIO's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across NIO's significant trades, within a strike price range of $2.5 to $25.0, over the past month.
<h3>NIO Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713455309_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NIO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$21.05</td>
<td>$21.0</td>
<td>$21.0</td>
<td>$25.00</td>
<td>$613.2K</td>
<td>7</td>
<td>201</td>
</tr>
<tr>
<td>NIO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$11.05</td>
<td>$10.95</td>
<td>$10.96</td>
<td>$15.00</td>
<td>$471.2K</td>
<td>1.8K</td>
<td>59</td>
</tr>
<tr>
<td>NIO</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/17/25</td>
<td>$1.2</td>
<td>$1.16</td>
<td>$1.18</td>
<td>$4.00</td>
<td>$94.4K</td>
<td>10.2K</td>
<td>800</td>
</tr>
<tr>
<td>NIO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$1.57</td>
<td>$1.51</td>
<td>$1.57</td>
<td>$5.00</td>
<td>$47.1K</td>
<td>31.6K</td>
<td>1.6K</td>
</tr>
<tr>
<td>NIO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$0.74</td>
<td>$0.69</td>
<td>$0.69</td>
<td>$3.00</td>
<td>$37.6K</td>
<td>257</td>
<td>476</td>
</tr>
</tbody>
</table>

<h3>About NIO</h3>
Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold over 160,000 EVs in 2023, accounting for about 2% of the China passenger new energy vehicle market.
After a thorough review of the options trading surrounding NIO, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is NIO Standing Right Now?</h3>
<ul>
<li>With a trading volume of 18,533,961, the price of NIO is up by 3.07%, reaching $4.03.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 50 days from now.</li>
</ul>
<h3>Expert Opinions on NIO</h3>
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $4.5.
<ul>
<li>An analyst from Barclays downgraded its action to Underweight with a price target of $4. </li>
<li>Reflecting concerns, an analyst from Macquarie lowers its rating to Neutral with a new price target of $5.</li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for NIO, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Decoding NIO's Options Activity: What's the Big Picture?

BYDDF

Reuters Reported Mexico Under U.S. Pressure To Withhold Incentives From Chinese EV Makers, Denying Low-Cost Land And Tax Cuts

Investors are eyeing opportunities amidst volatility in the Chinese stock market. With that in mind, Benzinga highlights three prominent companies currently trading <a href="https://www.benzinga.com/news/24/03/37466473/nio-stock-is-hitting-new-52-week-lows-whats-going-on">near their 52-week lows</a>. 
NIO Inc &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), XPeng Inc &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), and Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) are among the notable names experiencing downward pressure.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Symbol</td>
<td>Company Name</td>
<td>Last Price ($) (At 3 PM EDT)</td>
<td>Avg Vol (3 month)</td>
<td>Market Cap</td>
<td>52-Week Low ($)</td>
<td>52-Week High ($)</td>
<td>Room To Run %</td>
</tr>
<tr>
<td>NIO</td>
<td>NIO Inc.</td>
<td>3.93</td>
<td>56.09M</td>
<td>8.21B</td>
<td>3.71</td>
<td>16.18</td>
<td>311.70%</td>
</tr>
<tr>
<td>XPEV</td>
<td>XPeng Inc.</td>
<td>7.48</td>
<td>14.25M</td>
<td>7.07B</td>
<td>6.99</td>
<td>23.62</td>
<td>215.78%</td>
</tr>
<tr>
<td>BIDU</td>
<td>Baidu, Inc.</td>
<td>94.47</td>
<td>3.42M</td>
<td>33.16B</td>
<td>94.64</td>
<td>156.98</td>
<td>66.17%</td>
</tr>
</tbody>
</table>
</figure>
<h1 class="wp-block-heading">Nio</h1>
Nio stock is currently priced at $3.93, a significant drop from its 52-week high of $16.18. This presents a potential upside of 311.70% if the stock were to be seen trading at its 52-week high again. 
NIO <a href="https://www.benzinga.com/markets/asia/24/04/38245518/why-tesla-rival-nio-is-up-over-1-premarket-today">has recently unveiled</a> the 2024 ET5 sedan and ES7 SUV at the Beijing International Automotive Exhibition. This signals its commitment to advancing manufacturing.
Analysts, with an average price target of $5.4, foresee a 37.11% upside for the stock in 2024. This is based on recent ratings from Macquarie, Barclays and UBS.
<h1 class="wp-block-heading">XPeng</h1>
XPeng stock trades at $7.48, well below its 52-week high of $23.62. That&#8217;s a potential upside of 215.78%. 
The company recently <a href="https://www.benzinga.com/markets/equities/24/04/38288608/why-xpeng-shares-are-rising-today">announced a framework</a> agreement with Volkswagen AG for technical collaboration on EV platforms in China. The news boosted investor confidence in the stock. 
Analysts, with an average price target of $11.33, anticipate a 51.92% upside for 2024. This is based on recent ratings from Macquarie, Morgan Stanley and JP Morgan.
<h1 class="wp-block-heading">Baidu</h1>
Baidu stock is priced at $94.47, compared to its 52-week high of $156.98, indicating a potential upside of 66.17%. 
Recent developments include the success of its AI <a href="https://www.benzinga.com/news/24/04/38263639/chatgpts-china-rival-ernie-bot-by-baidu-surpasses-200m-users-amid-fierce-competition">chatbot, Ernie Bot</a>. The company&#8217;s Ernie Bot has amassed over 200 million users, showcasing Baidu&#8217;s prowess in AI technology.
Read More: <a href="https://www.benzinga.com/news/24/04/38263639/chatgpts-china-rival-ernie-bot-by-baidu-surpasses-200m-users-amid-fierce-competition">ChatGPT&#8217;s China Rival &#8216;Ernie Bot&#8217; By Baidu Surpasses 200M Users Amid Fierce Competition</a>
Analysts have an average price target of $173, project an 83.13% upside. This is based on recent ratings from Citigroup, Barclays and Benchmark.
While all three stocks are trading at lows, analysts are more bullish on the potential upside for Baidu, with an 83.13% implied increase from current levels. 
All three Chinese stocks present unique opportunities for investors. 
<ul>
<li>NIO&#8217;s unveiling of new models and expansion into the low-end market showcases its commitment to innovation and growth. </li>
<li>XPeng&#8217;s collaboration with Volkswagen demonstrates its potential for strategic partnerships and technological advancements in the EV sector. </li>
<li>Baidu&#8217;s AI chatbot success highlights its leadership in artificial intelligence and its efforts to monetize innovative technologies. </li>
</ul>
Investors looking for potential upside should carefully consider these factors and the respective analyst ratings before making investment decisions about these Chinese companies.
Read Next: <a href="https://www.benzinga.com/trading-ideas/technicals/24/04/38255489/tesla-slides-4-amid-plans-for-layoffs-pre-earnings-jitters-stock-chart-reveals-strong-be">Tesla Slides 4% Amid Plans For Layoffs, Pre-Earnings Jitters: Stock Chart Reveals Strong Bearish Trend</a>
Photo: Nio, Xpeng, courtesy the companies; Baidu via Shutterstock

LCID

MULN

PSNY

Shares of EV and EV-related stocks are trading lower amid overall market weakness as Middle East tensions and rising yields pressure growth sectors. The EV sector may also be lower in sympathy with Tesla, which reportedly planing layoffs of over 10% of its workforce.

Macquarie analyst Eugene Hsiao reinstates NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) with a Neutral and announces $5 price target.

Price Target

Initiation

Macquarie Reinstates Neutral on NIO, Announces $5 Price Target

Chinese EV startup&nbsp;Nio Inc.&#8217;s ADR shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) surged in&nbsp;<a target="_blank" href="https://benzinga.grsm.io/lxquj26b2sag" rel="noreferrer noopener">premarket</a>&nbsp;trading on Monday, mirroring the positive trend in U.S. index futures.&nbsp;
The rise coincides with the company&#8217;s announcement that it will unveil the 2024 ET5 sedan and ES7 SUV at the upcoming Beijing International Automotive Exhibition (April 25-May 4).
Nio&#8217;s theme for the event is &#8220;Lead the Change,&#8221; highlighting the ET5&#8217;s AI-powered handling as a testament to China&#8217;s advanced manufacturing capabilities.&nbsp;
Additionally, Nio plans to showcase its full-stack technologies, including Smart Power, Manufacturing, and Chip development, alongside its NIO Power Swap Station and a 640 kW ultra-fast charger. The Nio House, its customer experience showroom concept, will also be on display.
Nio, a premium EV maker in China, recently entered the low-end market with a separate sub-brand. They are a key competitor for Tesla in China, the biggest EV market in the world.
In premarket trading, Nio shares rose 1.46% to $4.17, according to&nbsp;<a target="_blank" href="https://benzinga.grsm.io/register174" rel="noreferrer noopener">data from Benzinga Pro</a>.
See Also: <a href="https://www.benzinga.com/money/best-chinese-stocks">Best Chinese Stocks</a>
Photo courtesy: Nio

<a href="http://english.scio.gov.cn/m/chinavoices/2024-04/15/content_117125477.htm" title="http://english.scio.gov.cn/m/chinavoices/2024-04/15/content_117125477.htm">http://english.scio.gov.cn/m/chinavoices/2024-04/15/content_117125477.htm</a>

Reported Sunday,  China's Electric Vehicle Charging Infrastructure Experienced Steady Growth In Q12024, Citing Industry Data.

Electric vehicle stocks had a mixed week as they reacted to a<a href="https://www.benzinga.com/markets/commodities/24/04/38181302/inflation-rises-more-than-expected-to-3-5-in-march-derails-june-rate-cut-hopes"> hotter-than-expected March inflation reading </a>and the prospect of the interest-rate environment remaining inclement for potential car buyers. That said, Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) ended a volatile week higher amid uncertainty about the company&#8217;s strategy toward robotaxis and sub-$30,000 EVs.
Here are the key events that happened in the EV space during the week:
Tesla Drops FSD Pricing And More: After making its &#8220;supervised self-driving&#8221; technology available for a free one-month trial in the U.S., Tesla has taken another step to increase its adoption. 
&#8220;You can now subscribe to FSD (Supervised) for $99/month in the US,&#8221; Tesla said in a post via its X handle on Friday. 
This is a steep reduction from the previously used subscription pricing of $199 per month. The price of an outright purchase remained at $12,000.
Commenting on the cut, Future Fund&#8217;s Gary Black said, &#8220;A $99/month subscription price would likely double the FSD take rate.&#8221; 
CANACCORD Genuity&#8217;s George Gianarikas had said in a late-March note that he was an advocate of the razor/razorblade strategy for Tesla. 
&#8220;We have been strong advocates of Tesla&#8217;s razor/razorblade approach in seeding the market with vehicles that are software upgradable with a high-margin software — and see this as a potential catalyst for future penetration gains,&#8221; he said.
Reports suggest Tesla CEO Elon Musk will head to India, with Musk himself confirming the plan on X. &#8220;Looking forward to meeting with Prime Minister <a href="https://twitter.com/narendramodi">@NarendraModi</a> in India!&#8221; he said in a post.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Looking forward to meeting with Prime Minister <a href="https://twitter.com/narendramodi?ref_src=twsrc%5Etfw">@NarendraModi</a> in India!
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1778116984137245137?ref_src=twsrc%5Etfw">April 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Reports now <a href="https://www.youtube.com/watch?v=FqgmJu1P6Hw">suggest</a> the Tesla chief will be in India on April 21 and 22 and meet with the Indian prime minister and several other government officials as well as industry representatives. He is widely expected to reveal the company&#8217;s India plan during his visit. 
Musk also met with Argentinian President Javier Milei this week and took him around the company&#8217;s Giga Texas plant.
Nikola Slips On Boardroom Battle: Shares of the hydrogen fuel cell and electric truck maker, which jumped solidly in the week that ended on April 5, reversed course this week. The pullback, in part, was due to the broader market weakness but also had to do with the proxy statement filed with the SEC that said that disgraced founder Trevor Milton attempted to appoint supporters to the board. M&amp;M Residual, an entity controlled by Milton, has since withdrawn its slate of five directors.
At the annual shareholder meeting, Nikola is also seeking approval for a reverse stock split, which could range from 1 share-for-10 shares to 1 share-for-30 shares.
See Also: <a href="https://www.benzinga.com/money/best-electric-vehicle-stocks">Best Electric Vehicle Stocks</a>
Ford Drops EV Truck Pricing: Legacy automaker Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) reportedly informed dealers this week regarding <a href="https://www.benzinga.com/news/24/04/38195796/ford-slashes-f-150-lightning-prices-again-this-year-to-thrive-in-ultra-competitive-ev-market-heres-h">price reductions for its F-150 Lightning EV pickup truck.</a> The most significant reduction is $5,500 for the Flash trim, which was introduced this year, with the Extended Range battery pack, bringing its price down to $67,995 (from $73,495). The pricing of the XLT (Standard Range) and Lariat (Extended Range) were reduced by $2,000 and $2,500, respectively.
Separately, Ford Authority <a href="https://fordauthority.com/2024/04/ford-f-150-lightning-gets-special-discount-for-tesla-owners/">reported</a> that the company is launching a new program called Tesla Competitive Conquest Bonus Cash, which gives existing Tesla owners $1,500 off the price of a new F-150 Lightning, regardless of the trim ordered.
Volkswagen&#8217;s EV Fortunes Diverge: German automaker Volkswagen AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) saw a 24% decline in EV sales in Europe, even as it reported a robust 91% sales increase in China. The weakness in Europe reflected a trend, where users are returning to ICE vehicles, as EVs face pushbacks that include exorbitant pricing and a lack of adequate charging infrastructure.
The company, however, said order flow for EVs in Europe remain strong. 
&#8220;The higher order intake for our all-electric models in Europe makes us confident that we will grow in this segment both in our home region and worldwide over the year as a whole,&#8221; it said.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Canoo Deepens Middle East Ties: Lifestyle EV manufacturer Canoo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOEV#NASDAQ">GOEV</a>) said its EVs will be used in a pilot program by Red Sea Global, the Saudi Arabian developer behind the regenerative tourism destinations The Red Sea and AMAALA.
Red Sea Global will pilot Canoo's Lifestyle Vehicle, Lifestyle Delivery Vehicle 190, and the Bulldog pickup truck. The Canoo vehicles will be piloted for travel between Red Sea Global's international airport, its various resorts, facilities, and excursions, the company said.
The KraneShares Electric Vehicles and Future Mobility&nbsp;Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KARS#NYSE">KARS</a>) ended Friday&#8217;s session down 3.32% at $21.57, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a> For the week, the ETF fell 2.66%.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38216814/tesla-bull-predicts-q1-beat-on-back-of-this-factor-but-hopes-elon-musk-for-credibil">Tesla Bull Predicts Q1 Beat On Back Of This Factor But Hopes Elon Musk &#8216;For Credibility&#8217; Doesn&#8217;t Blame High Interest Rates For Delivery Slide</a>
EV Stock Performances For Week:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td></td>
<td>Performances (+/-)</td>
</tr>
<tr>
<td>Tesla</td>
<td>+3.73%</td>
</tr>
<tr>
<td>Nio, Inc.(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>)</td>
<td>-6.38%</td>
</tr>
<tr>
<td>XPeng, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>)</td>
<td>+0.95%</td>
</tr>
<tr>
<td>Li Auto, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>)</td>
<td>-1.48%</td>
</tr>
<tr>
<td>Fisker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSR#NYSE">FSR</a>)</td>
<td>+16.00%</td>
</tr>
<tr>
<td>Workhorse Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKHS#NASDAQ">WKHS</a>)</td>
<td>-5.34%</td>
</tr>
<tr>
<td>Hyzon Motors, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYZN#NASDAQ">HYZN</a>)</td>
<td>-14.47%</td>
</tr>
<tr>
<td>Canoo</td>
<td>+12.68%</td>
</tr>
<tr>
<td>Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>)</td>
<td>-9.60%</td>
</tr>
<tr>
<td>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>)</td>
<td>-4.60%</td>
</tr>
<tr>
<td>Faraday Future Intelligent Electric, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>)</td>
<td>+2.04%</td>
</tr>
<tr>
<td>Nikola </td>
<td>-31.37%</td>
</tr>
<tr>
<td>VinFast Auto Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>)</td>
<td>-13.46%</td>
</tr>
</tbody>
</table>
</figure>
Photo: Shutterstock

FFIE

GOEV

HYZN

KARS

VWAGY

WKHS

Elon Musk's India Visit, Tesla's FSD Subscription Price Slashed By 50%, Nikola Plunges Amid Proxy Filing And More: Biggest EV Stories Of The Week

Nio, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) shares are trading lower Friday after Ohio Senator Sherrod Brown called for a ban on imports of <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38218347/jim-cramer-says-he-would-sell-this-tesla-chinese-rival-after-stock-lost-over-47-in-">China-made EVs to the US. </a>
The Details:
Senator Brown sent a<a href="https://www.brown.senate.gov/imo/media/doc/04112024evlettertopresidentbiden1.pdf"> letter</a> to President Biden on Thursday, urging him to ban the sale of Chinese EVs in the United States. 
"Chinese EVs, highly subsidized by the Chinese government, could decimate our domestic automakers, harm American workers – many of whom are represented by the United Autoworkers (UAW) – and give China access to sensitive personal data," Senator Brown wrote in the letter.&nbsp;
The Senator's call for a ban on Chinese EVs follows Treasury Secretary Janet Yellen's<a href="https://www.benzinga.com/news/24/04/38146989/treasury-secretary-janet-yellen-sees-flood-of-chinese-exports-wiping-out-us-green-energy-industry"> trip to China</a> where she spoke with government officials regarding government subsidies and other trade practices. The talks were reportedly intensive and ongoing. 
Related News: <a href="https://www.benzinga.com/news/24/04/38146989/treasury-secretary-janet-yellen-sees-flood-of-chinese-exports-wiping-out-us-green-energy-industry">Treasury Secretary Janet Yellen Sees &#8216;Flood Of Chinese Exports Wiping Out&#8217; US Green Energy Industry</a>
<h2 class="wp-block-heading">Is NIO A Good Stock To Buy?</h2>
Wall Street analysts view Nio on the whole as a Neutral, given the history of coverage over the past three months. Nick Lai from JP Morgan is the most bearish, expecting a 41.18% fall in the stock in the coming year.
Looking at how the market as a whole thinks of the stock, you can reference historical price action for views on whether investors feel strongly about the stock one way or another. In the past 3 months, Nio fell 40.7%, which indicates that opinion soured on the business and how attractive it is to own based on either its stock price, or underlying fundamentals, like revenue, which rose 3.43% over the past year.
A complete overview of how Wall Street views individual stocks is available <a href="https://www.benzinga.com/analyst-stock-ratings">here</a>, while real time updates on the latest analyst actions will be delivered via <a href="https://pro.benzinga.com">Benzinga PRO</a>. Try it for free.
NIO Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Nio shares are down 7.17% at $4.14 at the time of publication Friday. 
Image from Shutterstock

What's Going On With Chinese EV-Maker Nio's Stock?

On CNBC&rsquo;s &quot;Mad Money Lightning Round,&quot; Jim Cramer said he likes New Fortress Energy Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nfe#NYSE">NFE</a>), but &quot;right now Wes Edens [co-founder of Fortress Investment Group and founder of New Fortress Energy] is kind of just <a href="https://www.benzinga.com/markets/equities/23/12/36407259/new-fortress-energy-powers-up-brazil-business-with-game-changing-1-6-gw-capacity-reserve-contrac">hurt by the president.&rdquo;</a>
On March 5, New Fortress Energy reported upsizing and pricing of $750 million of senior secured notes.
Cramer said he likes Cummins Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cmi#NYSE">CMI</a>) and recommended buying the stock. &quot;I think it&rsquo;s terrific,&quot; he added.
On March 14, Truist Securities analyst Jamie Cook initiated coverage on the shares of Cummins with a Hold rating and a price target of $303.
When asked about Palantir Technologies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pltr#NYSE">PLTR</a>), Cramer said, &quot;Make a move and buy some.&quot;
The company, last week, inked a pact with Oracle to provide secure cloud and AI solutions to power businesses and governments worldwide.
The &quot;Mad Money&quot; host recommended buying The PNC Financial Services Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pnc#NYSE">PNC</a>). &quot;You got horse sense,&quot; he added.
On April 8, Jefferies analyst Ken Usdin maintained PNC Finl with a Hold and raised the price target from $164 to $171.
&quot;I really want&quot; you in Abbott Laboratories (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abt#NYSE">ABT</a>), Cramer said.
The FDA, last week, approved Abbott Laboratories&rsquo; first-of-its-kind TriClip transcatheter edge-to-edge repair (TEER) system that&rsquo;s specifically designed to treat tricuspid regurgitation (TR), or a leaky tricuspid valve.
Cramer recommended selling NIO Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nio#NYSE">NIO</a>).
On April 9,&nbsp;NIO filed its 2023 annual report on Form 20-F.
<h3>Price Action:</h3>
<ul>
<li>New Fortress Energy shares fell 1.3% to settle at $28.96 on Thursday.</li>
<li>Palantir shares gained 1.9% to close at $22.84.</li>
<li>PNC shares fell 0.6% to settle at $154.08.</li>
<li>Cummins shares gained 0.2% to close at $302.86.</li>
<li>Abbott Labs shares gained 0.3% to close at $111.45 during Thursday&rsquo;s session.</li>
<li>Shares of NIO fell 2.8% to close at $4.46 on Thursday.</li>
</ul>
Read Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38200890/top-3-health-care-stocks-which-could-rescue-your-portfolio-this-quarter"> Top 3 Health Care Stocks Which Could Rescue Your Portfolio This Quarter </a>

Penny Stocks

Media

PLTR

Jim Cramer Calls Cummins 'Terrific,' Recommends Selling This Chinese Auto Manufacturer

Jim Cramer offered a stark recommendation for shareholders of the electric vehicle company NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>). 
What Happened: Cramer recommended selling shares of NIO during CNBC&#8217;s Lightning Round on Thursday. 
&#8220;I would sell,&#8221; he said.
Tesla Inc&#8216;s Chinese rival stock has lost 47% of its value since the beginning of this year. The stock closed near its 52-week low of $4.36 on Thursday, according to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/12065300/newplot-7-1.png" alt="" class="wp-image-289286" style="width:617px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/12065300/newplot-7-1.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/12065300/newplot-7-1-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
See Also: <a href="https://www.benzinga.com/markets/equities/24/04/38154538/trump-medias-stock-takes-a-dramatic-nosedive-erasing-all-gains-since-public-debut?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Media&#8217;s Stock Takes A Dramatic Nosedive, Erasing All Gains Since Public Debut</a>
Why It Matters: NIO&#8217;s market <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37535158/nios-outlook-for-2024-remains-challenging-analyst-flags-shrinking-market-share">performance has been under scrutiny, </a>with an analyst report from early March highlighting a challenging outlook for the company in 2024. The report flagged concerns over NIO&#8217;s shrinking market share, as the electric vehicle deliveries in China continue to decline.
Adding to the company&#8217;s challenges, NIO shares were trading lower in mid-March, following a report of a <a href="https://www.benzinga.com/markets/equities/24/03/37692176/teslas-chinese-rival-nio-and-catl-forge-partnership-to-extend-battery-lifespan-report">partnership with CATL to extend battery lifespan</a>. Despite this strategic move, which could be seen as a positive development, the market&#8217;s reaction was less than favorable, indicating investor concerns over the company&#8217;s near-term prospects.
Meanwhile, investors with a <a href="https://www.benzinga.com/insights/options/24/04/38211312/nios-options-a-look-at-what-the-big-money-is-thinking">lot of money to spend have taken a bullish stance</a> on Nio. On Thursday, <a href="https://pro.benzinga.com/?utm_source=insights" target="_blank" rel="noreferrer noopener">Benzinga</a>&#8216;s options scanner spotted 11 uncommon options trades for Nio. Out of all of the special options we uncovered, 4 are puts, for a total amount of $1,109,954, and 7 are calls, for a total amount of $538,156.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38176506/crypto-analyst-says-shiba-inu-expected-to-surge-155-as-meme-coin-establishes-strong?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Crypto Analyst Says Shiba Inu Expected To Surge 155% As Meme Coin Establishes Strong Support Levels</a>
Image via Shutterstock
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 Engineered by Benzinga Neuro, Edited by 
 <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Pooja Rajkumari</a> 
 
 
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 The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. 
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General

Jim Cramer Says He 'Would Sell' This Tesla Chinese Rival After Stock Lost Over 47% In 2024

Shares of Chinese EV stocks are trading lower after Ohio Senator Sherrod Brown called for a ban on imports of China-made EVs to the US.

Government

Regulations

KNDI

XIACF

Ohio Senator Sherrod Brown Urges Biden To "Permanently Ban EVs Produced By Chinese Companies"

Investors with a lot of money to spend have taken a bullish stance on NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NIO, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 11 uncommon options trades for NIO.
This isn't normal.
The overall sentiment of these big-money traders is split between 63% bullish and 36%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $1,109,954, and 7 are calls, for a total amount of $538,156.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $2.0 to $25.0 for NIO over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in NIO's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to NIO's substantial trades, within a strike price spectrum from $2.0 to $25.0 over the preceding 30 days.
<h3>NIO Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712866632_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NIO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$20.55</td>
<td>$20.5</td>
<td>$20.5</td>
<td>$25.00</td>
<td>$1.0M</td>
<td>6</td>
<td>494</td>
</tr>
<tr>
<td>NIO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$0.31</td>
<td>$0.3</td>
<td>$0.3</td>
<td>$10.00</td>
<td>$315.0K</td>
<td>87.0K</td>
<td>11.8K</td>
</tr>
<tr>
<td>NIO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$1.13</td>
<td>$0.97</td>
<td>$0.97</td>
<td>$3.50</td>
<td>$64.3K</td>
<td>148</td>
<td>61</td>
</tr>
<tr>
<td>NIO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$0.22</td>
<td>$0.2</td>
<td>$0.2</td>
<td>$8.00</td>
<td>$47.2K</td>
<td>8.5K</td>
<td>2.3K</td>
</tr>
<tr>
<td>NIO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$7.8</td>
<td>$7.7</td>
<td>$7.7</td>
<td>$12.00</td>
<td>$38.5K</td>
<td>4.1K</td>
<td>0</td>
</tr>
</tbody>
</table>

<h3>About NIO</h3>
Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold over 160,000 EVs in 2023, accounting for about 2% of the China passenger new energy vehicle market.
After a thorough review of the options trading surrounding NIO, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>NIO's Current Market Status</h3>
<ul>
<li>With a trading volume of 38,605,480, the price of NIO is down by -2.61%, reaching $4.47.</li>
<li>Current RSI values indicate that the stock is may be oversold.</li>
<li>Next earnings report is scheduled for 57 days from now.</li>
</ul>
<h3>What Analysts Are Saying About NIO</h3>
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $5.6.
<ul>
<li>Reflecting concerns, an analyst from Barclays lowers its rating to Underweight with a new price target of $4.</li>
<li>An analyst from UBS has decided to maintain their Neutral rating on NIO, which currently sits at a price target of $7. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for NIO, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

NIO's Options: A Look at What the Big Money is Thinking

<h4>Key Takeaways:</h4>
<ul>
<li>Zeekr has reportedly restarted its IPO process with reduced fundraising plans, seeking to list before its valuation falls more as prospects worsen for Chinese NEV makers</li>
<li>The company&rsquo;s revenue from vehicle sales slowed to 44% year-on-year in the second half of last year from about 150% in the first half</li>
</ul>
By Doug Young
After putting its U.S. IPO on hold due to weak market sentiment, new energy vehicle (NEV) maker&nbsp;Zeekr Intelligent Technology Holding Ltd.&nbsp;is suddenly stepping on the accelerator in an apparent bid to list before conditions get even worse.
That&rsquo;s our assessment based on a&nbsp;<a href="https://www.reuters.com/markets/emerging/chinas-zeekr-renews-plans-raise-up-500-million-us-ipo-sources-say-2024-04-03/">new Reuters report</a>&nbsp;saying the company has jumpstarted its plan to list in New York, after filing its original application last November. In fact, Zeekr has been filing regular updates to its original prospectus every month since that original filing, including the&nbsp;<a href="https://www.sec.gov/Archives/edgar/data/1954042/000110465924036639/tm229938-23_f1a.htm">latest one</a>&nbsp;on March 20.
The latest document provides some new insight to what&rsquo;s happening at Zeekr these days, including full-year data for all of 2023. The update shows that Zeekr&rsquo;s sales slowed sharply in the second half of last year in tandem with broader trends in the China NEV market.
As that happens, valuations of Zeekr&rsquo;s closest peers like&nbsp;Li Auto&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/li#NASDAQ">LI</a>) and&nbsp;Nio&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nio#NYSE">NIO</a>) are also rapidly shrinking as investors fret over their continuing losses and slowing sales growth. Nio recently passed a dubious milestone when its price-to-sales (P/S) ratio officially sank below the 1 mark, with a current reading of 0.97. A P/S of 1 is hardly anything to write home about, but anything below that is quite an embarrassment for a company that considers itself in a hot growth area. Li Auto still trades above 1, now at 1.84, but it could soon fall below that level as well if recent trends continue.
A P/S of 1 for Zeekr, which looks suitable given its similar profile to Nio, would give the company a market value of $7.1 billion, based on its 2023 sales figure in the updated prospectus. That&rsquo;s well below the $10 billion a similar analysis gave it when we first wrote about the IPO last November, and about half the $13 billion the company was reportedly worth during a February 2023 fundraising.
Such a rapidly shrinking valuation was reportedly what made Zeekr delay the original listing plan. But now it seems the company is rushing to get to market before its valuation slips even more. Reflecting the worsening sentiment, Zeekr&rsquo;s fundraising plans have dropped to around $500 million from its previous target of $1 billion or more, according to the Reuters report.
The IPO would come in an anemic market for new U.S. listings by Chinese companies in general. Such listings raised just $46.9 million in the first quarter, down from $428 million in the same period a year earlier, marking the slowest first quarter since 2017.
In fact, the broader category of offshore-listed Chinese stocks have been showing some new signs of life lately, with the iShares MSCI China ETF (MCHI.US) up about 10% from a recent low at the end of January. But NEV stocks have defied that trend over concerns about a rapid slowdown in China and efforts in the West to limit the import of Chinese-made NEVs. Reflecting that, Nio&rsquo;s stock has lost about 30% of its value over the same period as the recent rally for offshore-listed Chinese stocks.
<h4>Sales slowdown</h4>
Zeekr is quite a late arrival to the Chinese NEV market, launching its first model only in October 2021. Its big advantage is its A-list of backers, led by Geely, one of China&rsquo;s leading private carmakers whose other brands include Volvo and Lotus in addition to its Geely brand. Zeekr&rsquo;s history actually dates back before 2021, but before then it earned all of its revenue from the sale of batteries and NEV components, mostly to Geely affiliates.
The company currently has four models for sale, including its original Zeekr 001. The latest of those, its Zeekr Upscale Sedan Model, was just released last November and began deliveries in January targeting &ldquo;tech-savvy adults and families,&rdquo; according to the prospectus. The company considers itself an upscale brand with models typically costing 300,000 yuan ($41,478) or more, similar to the positioning for Nio.
The company&rsquo;s growth in 2022 was quite explosive since it only began delivering vehicles in October 2021. Its growth last year was more reflective of its future potential, with total revenue rising 62% to 51.7 billion yuan for the full year from 31.9 billion yuan in 2022. A breakdown of those figures on a half-year basis shows its revenue growth slowed sharply from 136% in the first half of last year to just 33% in the second half.
The trends for its NEV sales, which now account for about two-thirds of the company&rsquo;s total revenue, showed a similar slowdown, dropping from about 150% growth in the first half of the year to 44% in the second half.
One slightly positive trend is that the company&rsquo;s revenue from NEV sales rose 72% last year, outpacing the 65% growth in the number of vehicles delivered, indicating it was getting more money per vehicle. That&rsquo;s significant because many NEV makers spent much of last year cutting prices as sales began to slow. But it could also reflect that Zeekr is rolling out increasingly upscale models following the launch of its original Zeekr 001, whose staring price of 300,000 is at the bottom of its target range.
The company has said it&rsquo;s aiming to deliver 230,000 NEVs this year, which would be nearly double the 118,685 it delivered in 2023. It was on track to meet that growth rate at the start of the year, with unit sales up 134% year-on-year to 20,047 in January and February combined, according to data in the prospectus. But that kind of growth will be increasingly difficult to maintain in the slowing market, and also as the year-ago comparison figures become much stronger later in the year.
The bottom line is that Zeekr&rsquo;s prospects &ndash; and prospects for Chinese NEV makers in general &ndash; are rapidly running out of fuel. That would explain why the company is suddenly so eager to jumpstart its stalled listing, which could ultimately raise even less than the already-reduced $500 million target and result in a valuation well below $10 billion.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

IPOs

Zeekr Steps On IPO Accelerator As Its Prospects Run Low On Fuel

NIO Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) shares are in the spotlight Wednesday after rising nearly 8% on Tuesday. Here&#8217;s a look at <a href="https://www.benzinga.com/news/24/04/38155531/prada-gucci-louis-vuitton-brace-for-sales-slump-as-chinas-economic-turbulence-hits-luxury-market">what&#8217;s going on</a>.
What To Know: Nio shares climbed 7.78% on Tuesday amid broader China strength as U.S. Treasury Secretary Janet Yellen met with government officials in the country. Yellen said <a href="https://www.benzinga.com/news/24/04/38105150/yellen-kicks-off-china-visit-warns-of-global-risks-from-manufacturing-overcapacity">talks were productive</a> and built on progress made by President Biden and President Xi at the Woodside Summit last November to <a href="https://home.treasury.gov/news/press-releases/jy2234">deepen bilateral discussions</a>.
On Wednesday, new data from the China Association of Automobile Manufacturers showed that China sold 883,000 new energy vehicles in March, up 35.3% on a year-over-year basis, per Reuters. New energy vehicles include electric vehicles, hybrids and fuel-cell vehicles.
Following China&#8217;s Spring Festival, production and business activity accelerated, the China Association of Automobile Manufacturers reportedly said. Total vehicle sales in China last month were up 9.9% versus a 19.9% decline in sales in February. 
See Also: <a href="https://www.benzinga.com/markets/asia/24/04/38177185/apples-pivot-from-china-gamble-pays-off-1-in-7-iphones-now-made-in-india">Apple&#8217;s Pivot-From-China Gamble Pays Off: 1 In 7 iPhones Now Made In India</a>
<h2 class="wp-block-heading">NIO Stock Prediction 2024</h2>
Nio&#8217;s revenue growth in FY23 was 7.3%, reflecting the influence of various factors including the macroeconomic environment, demand for its products and services, and its position relative to competitors. This growth is a critical indicator for investors assessing the company&#8217;s future prospects.
Some macro factors that could impact the company's performance in the next year include higher interest rates, progress on reeling in inflation and labor market strength. The Fed's benchmark rate is currently at 5.33%, while PPI recently came in at 0.6%, growing 1.6% from last year. The unemployment rate was most recently reported as 3.8%.
An investor should pay attention to economic conditions to decide whether they think the macro environment is positive or negative for NIO stock. For real time economic data and breaking market updates, <a href='https://pro.benzinga.com/'>check out Benzinga Pro. Try it for free.</a>
NIO Price Action: Nio shares were down 2.12% at $4.61 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: courtesy of Nio.

What's Going On With Nio Stock Wednesday?

Reuters Reported Earlier: China March Vehicle Sales +9.9% YoY Vs -19.9% In Feb; March New Energy Vehicle Sales +35.3% YoY, Citing China Association of Automobile Manufacturers

NIO: In Search Of A Bottom

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Chinese electric vehicle (EV) maker Nio (NYSE:<a href="https://investorplace.com/stock-quotes/nio-stock-quote/">NIO</a>) is sliding today even despite stronger-than-expected first-quarter gross domestic product (GDP) growth. Indeed, NIO stock is eyeing a 2% loss heading into the close while Wall Street grapples with a divisive GDP report from the world&rsquo;s second-largest economy. 



What do you need to know about Nio lately?



Well, NIO stock has taken backseat today to China&rsquo;s 5.3% economic growth in its first quarter. Unfortunately, most of the growth came in the first two months of the year. Retail sales and industrial output both lulled in March, suggesting there may be an incoming cold front. 



&ldquo;Markets may find it hard to be convinced by the strong GDP growth print and difficult to reconcile with the mixed March data,&rdquo; said&nbsp;Credit Agricole Chief China&nbsp;Economist <a href="https://www.bloomberg.com/news/articles/2024-04-16/china-reports-surprisingly-strong-growth-driven-by-industry?sref=0N1JmzAH">Xiaojia Zhi</a>, per Bloomberg. &ldquo;There could be also concerns that if GDP growth remains above 5% as data suggest, policymakers would be quite comfortable and see no pressure to further ease their policies.&rdquo;



This has put China&rsquo;s economic recovery in a tenuous place. While 5.3% GDP growth puts the country on track for its 5% annual growth goal, rising unemployment, slowing demand and factory output point to some road bumps on the way. 



<h2>NIO Stock Continues to Suffer Major Losses in 2024</h2>



With today&rsquo;s dip, the EV maker continues to tread further into the red this year. NIO stock is down more than 54% year-to-date (YTD) as EV adoption slows considerably from years prior. Nio also faces intense competition from other Chinese EV makers and notable headwinds eating away at the entire sector. 



Investors are also likely reeling from the company&rsquo;s recent <a href="https://www.reuters.com/business/autos-transportation/chinese-ev-maker-nio-cuts-q1-deliveries-forecast-2024-03-27/">guidance reduction for Q1 deliveries</a>. Indeed, in late March, Nio lowered its forecast for Q1 deliveries as a result of slowing demand.



Not alone, EV makers in general have experienced a sales slump this year. This includes the world&rsquo;s largest EV maker, Tesla (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>), which has also experienced a notable drawdown in 2024. 



Nio has become something of a cautionary tale in the eyes of many analysts, including InvestorPlace contributor <a href="https://investorplace.com/2024/04/nio-stock-plunges-50-is-it-time-to-sell-or-buy-the-dip/">Chris MacDonald</a>. 



&ldquo;Despite efforts like expanding battery swap stations, Nio faces hurdles in increasing sales and achieving profitability. The company&rsquo;s costly infrastructure expansion and past station performance raise doubts about its effectiveness,&rdquo; said MacDonald.



On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



 
<div>With degrees in economics and journalism, Shrey Dua leverages his ample experience in media and reporting to contribute well-informed articles covering everything from financial regulation and the electric vehicle industry to the housing market and monetary policy. Shrey&rsquo;s articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/04/why-a-strong-q1-gdp-for-china-is-not-enough-to-lift-nio-stock-today/">Why a Strong Q1 GDP for China Is Not Enough to Lift NIO Stock Today</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Why a Strong Q1 GDP for China Is Not Enough to Lift NIO Stock Today

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The electric vehicle (EV) sector is going through turbulent times. It&rsquo;s not just about macroeconomic headwinds or intense competition. There are growing doubts about the adoption of EVs, and automotive majors have <a href="https://www.cnbc.com/2024/03/13/ev-euphoria-is-dead-automakers-trumpet-consumer-choice-in-us.html">scaled back on their investment plans.</a>



While there are concerns, the markets have overreacted on the downside. That has created opportunities for buying <a href="https://investorplace.com/industries/consumer-discretionary/automotive/electric-vehicles/">EV stocks</a> at a valuation gap. In my view, even the slightest of positives will translate into a big rally from oversold levels for EV stocks. This column focuses on penny EV stocks likely to surge higher in the next few quarters.



In my view, potential rate cuts can be a catalyst for EV stocks trending higher. Lower interest rates will support global GDP growth and will likely be positive for the sector. Further, crude is trending higher on geopolitical tensions coupled with the expectation of easy money policies. Higher oil prices can potentially encourage consumers to shift towards EVs.



Let&rsquo;s talk about three penny EV stocks that can surge higher in the blink of an eye.



<h2>Solid Power (SLDP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/sldp_solid_power_1600-300x169.png" alt="Smartphone with logo of American battery company Solid Power Inc. on screen in front of business website. Focus on center-left of phone display."><div>Source: T. Schneider / Shutterstock.com</div></div>Recently, Solid Power (NASDAQ:<a href="https://investorplace.com/stock-quotes/sldp-stock-quote/">SLDP</a>) traded above $2. However, there has been a renewed correction and SLDP stock trades at $1.6. That correction is on the back of weak industry sentiments. I believe this is a good time to accumulate, and a 50% upside from current levels is likely before the end of 2024.



As an overview, Solid Power has been working towards commercializing solid-state batteries. The company has collaborated with automotive partners, including Ford (NYSE:<a href="https://investorplace.com/stock-quotes/f-stock-quote/">F</a>) and BMW (OTCMKTS:<a href="https://investorplace.com/stock-quotes/bmwyy-stock-quote/">BMWYY</a>). As a matter of fact, Solid Power has licensed its cell design and technology to BMW for parallel research and development. Further, the company has strong ties with SK On. That will likely help make inroads into the Korean market.



In October 2023, Solid Power <a href="https://www.solidpowerbattery.com/investor-relations/investor-news/news-details/2024/Solid-Power-Full-Year-2023-Results-Reflect-Strong-Execution/default.aspx">shipped A-1 cells to automotive partners</a> for validation testing. For the current year, the focus is on A-2 sample cells with the core objective of producing safer and high-performance cells. With ample liquidity and steady business progress, it&rsquo;s a matter of time before SLDP stock surges higher.



<h2>Wallbox (WBX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/10/wallbox1600-2-300x169.jpg" alt="An iPhone screen with the Wallbox (WBX) logo on it in front of a computer screen."><div>Source: Wirestock Creators / Shutterstock.com</div></div>Among the EV charging stocks, Wallbox (NYSE:<a href="https://investorplace.com/stock-quotes/wbx-stock-quote/">WBX</a>) looks undervalued and poised for a strong reversal rally. It&rsquo;s worth noting that WBX stock has plunged 58% in the last 12 months, and sentiments seem negative. However, my business view is backed by positive business metrics.



It&rsquo;s worth noting that for Q4 2023, Wallbox reported <a href="https://s28.q4cdn.com/641324054/files/doc_downloads/2024/03/Wallbox-Corporate-Presentation-Q4-2023.pdf">revenue growth of 34%</a> on a year-on-year (YoY) basis to 43.3 million euros. The company&rsquo;s adjusted EBITDA improved by 54% YoY. Wallbox believes 2024 will be <a href="https://investors.wallbox.com/news/news-details/2024/Wallbox-Announces-Fourth-Quarter-and-Full-Year-2023-Financial-Results/default.aspx">&ldquo;a year of growth and profitability.&rdquo;</a> If this translates into numbers in the coming quarters, WBX stock could skyrocket.



Last year, Wallbox acquired ABL, the leading EV charging company in Germany. With the acquisition, the company added almost 143 million euros of cash to its balance sheet. That provides flexibility for pursuing aggressive growth. At the same time, the company launched several new products. Those includes Pulsar Pro, Supernova 150 and Supernova 180. A broader portfolio is another catalyst for accelerated growth.



<h2>Nio (NIO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/nio1600-8-300x169.png" alt="A mobile with NIO at horizontal composition."><div>Source: Freer / Shutterstock.com</div></div>Nio (NYSE:<a href="https://investorplace.com/stock-quotes/nio-stock-quote/">NIO</a>) stock has plunged almost 60% in the last 12 months. The downside has been on the back of poor business and financial metrics. However, NIO stock seems oversold and is poised for a strong reversal rally. I must emphasize here that I consider the stock as a trading bet rather than a long-term investment.



In terms of positives, there are two points to note. First, Nio plans to <a href="https://ir.nio.com/news-releases/news-release-details/nio-inc-provides-march-and-first-quarter-2024-delivery-update">commence deliveries</a> of ES7, ET7 and ET5 in Q2 2024. That is likely to help accelerate deliveries growth in the coming quarters and potentially into 2025.



Further, in December 2023, the company received a $2.2 billion strategic equity investment from CYVN. That has boosted the <a href="https://ir.nio.com/news-releases/news-release-details/nio-inc-reports-unaudited-fourth-quarter-and-full-year-2023">total cash buffer to $8.1 billion.</a> With a strong cash position, Nio is positioned to continue investing in growth. At the same time, with a focus on cost-cutting, key margins will likely improve. NIO stock is, therefore, expected to rally from deeply oversold levels.



On <a href="https://investorplace.com/stock-types/penny-stocks/">Penny Stocks</a> and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



Read More: <a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/">Penny Stocks &mdash; How to Profit Without Getting Scammed</a>



On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>
<div>Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-penny-ev-stocks-to-buy-for-a-50-rally-from-oversold-levels/">3 Penny EV Stocks to Buy for a 50% Rally From Oversold Levels</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Penny EV Stocks to Buy for a 50% Rally From Oversold Levels

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Amidst the current market uncertainty, some companies stand out in their respective industries. The companies discussed here have the potential for massive growth and have already established themselves in the sector. While the stocks are trading under $10, it by no means speaks about its potential to grow. I think they are the best under-$10 stocks to buy now. 



Whether you are a beginner and only getting started in the stock market, or a professional with many years of experience, these three under $10 stocks could be solid bets and generate massive returns by 2026. They are well-positioned in the industry and have reported strong financials. 



Do not judge the company by the stock price, instead, bet on the company&rsquo;s business structure, financials, and cutting-edge technology. Let&rsquo;s take a look at the three under-$10 stocks to buy now.



<h2>SoFi Technologies (SOFI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/sofi1600-1-300x169.png" alt="SoFi Technologies, Inc logo with stock market chart background. is an American online personal finance company and online bank."><div>Source: Poetra.RH / Shutterstock.com</div></div>I have been writing about the fintech player SoFi Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/sofi-stock-quote/">SOFI</a>)&nbsp;for a while now. As one of the strongest players in the industry right now, SoFi is giving strong competition to traditional banks and has offered an ideal solution to the younger demographic who is always looking for ways to save, invest, borrow and pay online. 



The company reported its <a href="https://investors.sofi.com/financials/quarterly-results/default.aspx">first-ever quarterly profit</a> and saw strong revenue growth. It has seen a steady rise in users and products which has helped achieve profitability. Despite the strong financials, SoFi stock hasn&rsquo;t moved much and is trading for $7 today. It is down 26% year-to-date and has been moving sideways since March. 



The upcoming quarterly results could give the stock a much-needed push and we could see it move towards $10. There is a strong demand for its lending products and the segment saw a 24% year-over-year rise in the fourth quarter to reach&nbsp;<a href="https://s27.q4cdn.com/749715820/files/doc_financials/2023/q4/Q4-23-Investor-Presentation-2.pdf" target="_blank">$1.6 million</a>.&nbsp;



It ended the year with 7.5 million members, up 44% YOY. The market is concerned about the future of SoFi after the hotter-than-expected inflation report. However, even if the interest rate cut is pushed back by a few more months, I think SoFi can survive. 



Even in a high-interest rate environment, the company managed to achieve user growth. It can attract customers to different products and expects to see <a href="https://s27.q4cdn.com/749715820/files/doc_financials/2023/q4/Q4-23-Investor-Presentation-2.pdf">50% growth</a> in the financial services segment this year.&nbsp;



The company is steadily growing its market share with solid technology, low operating costs, and an advanced platform. While it will continue to focus on the lending segment for growth, its deposits have also shown impressive growth. SOFI stock is worth buying and holding on to for the long term.&nbsp;



<h2>Lithium Americas (LAC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/lithium1600f-300x169.jpg" alt="a pile of lithium. lithium stocks"><div>Source: Bjoern Wylezich/ShutterStock.com</div></div>It is too early to write off the beaten-down Lithium Americas&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/lac-stock-quote/">LAC</a>) stock. Renewable energy stock LAC could become a huge market player over the next four years. Its Thacker Pass project has the country&rsquo;s largest lithium resource and this asset could generate massive cash for the company. It has a <a href="https://lithiumamericas.com/files/doc_presentation/2023/10/03/LAC-NewCo-Presentation-Oct2023.pdf">net present value of $5.7 billion</a>, a mine life of 40 years and will begin construction in 2027.&nbsp;



The U.S. Government has lent <a href="https://www.reuters.com/markets/commodities/lithium-americas-get-226-bln-us-doe-loan-nevada-mine-2024-03-14/">$2.26 billion</a> to the company as a federal loan to help with the production at the Thacker Pass. Lithium is going to become a hot property in this decade and investing in LAC right now will mean strong gains. However, do not expect the stock to move higher anytime soon.



Trading at $5 today, the stock has lost 16% value in the year and is down 18% YTD. The prospects of interest rate cuts seem attractive and could give a boost to the electric vehicle industry in the second half of the year. This will lead to a higher lithium demand.&nbsp;LAC is one of the best under-$10 stocks to buy now. 



General Motors&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/gm-stock-quote/">GM</a>) has already invested&nbsp;<a href="https://www.prnewswire.com/news-releases/gm-and-lithium-americas-to-develop-us-sourced-lithium-production-through-650-million-equity-investment-and-supply-agreement-301734300.html" target="_blank">$650 million</a>&nbsp;in Lithium Americas which is also the largest ever investment by an automaker for the production of battery raw materials. The stock is a long-term play but we will have to wait until the Thacker Pass commences production to see strong fundamentals. However, buying the stock below $10 could be one of the best decisions you make.&nbsp;



<h2>XPeng (XPEV)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/07/xpev1600-300x169.png" alt="Xpeng (XPEV) car logo in Shanghai International Automobile Industry Exhibition. EV stocks to Buy"><div>Source: THINK A / Shutterstock.com</div></div>Electric vehicle maker Xpeng&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/xpev-stock-quote/">XPEV</a>) stock has gone from a high of $64 in 2020 to $7 today. The road hasn&rsquo;t been smooth and the journey has been tough but XPeng is not the one to give up. Despite the massive competition in the EV industry, XPeng is making moves and delivering strong numbers. Down 48% YTD, the stock has dropped due to the modest EV demand and the high-interest environment.



However, its&nbsp;<a href="https://ir.xiaopeng.com/news-releases/news-release-details/xpeng-announces-vehicle-delivery-results-march-and-first-2" target="_blank">March delivery numbers</a>&nbsp;impressed investors. The company reported 9,026 vehicle deliveries in the month, up 99% month-over-month and 29% YOY. Overall, in the first quarter, it delivered 21,821 cars, up 20% YOY. It has successfully managed to achieve the quarterly delivery target. 



That said, the company also announced partnerships with car dealers in Singapore, Malaysia and Thailand for the launch of its G6 model. XPeng has ambitious goals of&nbsp;<a href="https://cnevpost.com/2024/02/18/xpeng-30-models-planned-for-next-3-years/" target="_blank">launching 30 new, or refreshed models</a>&nbsp;over the next three years.&nbsp;To expand its global market share, the company also made its entry into the German market with two EV models. As compared to its competitor Nio&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/nio-stock-quote/">NIO</a>), XPeng is showing strength in an uncertain market environment. 



It is aiming for expansion into other European markets this year and expanding out of China could work in favor of the company. It wants to <a href="https://www.cnbc.com/2023/08/21/chinas-xpeng-expects-profit-growth-from-cost-cuts-volkswagen-deal.html">breakeven by 2026</a> and an improvement in the EV sector can make it possible.&nbsp; The future of transportation is electric and the demand for EVs will eventually pick up, this is when we could see the XPEV stock rally.&nbsp;If you are looking for stocks to buy now for under $10, start here. 



On the date of publication, Vandita Jadeja did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a>
<div>Vandita Jadeja is a CPA and a freelance financial copywriter who loves to read and write about stocks. She believes in buying and holding for long term gains. Her knowledge of words and numbers helps her write clear stock analysis.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-under-10-stocks-to-buy-now-q2-edition/">3 Under $10 Stocks to Buy Now: Q2 Edition</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Under $10 Stocks to Buy Now: Q2 Edition

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Nio (NYSE:<a href="https://investorplace.com/stock-quotes/nio-stock-quote/">NIO</a>) is expanding its electric vehicle (EV) charging network through an important new partnership. After months of struggling, the Chinese EV producer needs a growth driving catalyst &mdash; and it may have just found one. Now, NIO stock is rising on news of an agreement with SAIC General Motors Corporation (SAIC-GM), a joint venture of General Motors (NYSE:<a href="https://investorplace.com/stock-quotes/gm-stock-quote/">GM</a>).



As part of the new partnership, CnEVPost <a href="https://cnevpost.com/2024/04/18/saic-gm-plugs-into-nio-charging-network/#:~:text=SAIC%2DGM%20and%20Nio%20have,network%2C%20the%20automaker%20announced%20today.">reports</a>, &ldquo;more than 10,000 Nio charging terminals join SAIC-GM&rsquo;s Ultium energy replenishment network.&rdquo; This means that Nio&rsquo;s network will be open to many more drivers who own SAIC-GM models. 



News of this development has boosted NIO stock, indicating that the market is responding well to the partnership. This is good news for investors in more ways than one. It suggests that Nio&rsquo;s way back to success may be through its charging network, not just EV sales. 



<h2>What&rsquo;s Happening With NIO Stock? </h2>



This partnership seems to be exactly what NIO stock needed to start rising. As of this writing, shares are up about 3% for the day. General Motors was in the green earlier today as well, although some of its growth may have been due to momentum for its <a href="https://www.reuters.com/business/autos-transportation/gm-plans-move-headquarters-different-building-detroit-source-2024-04-15/">new headquarters</a>.



That said, investors shouldn&rsquo;t discount the significance of Nio&rsquo;s latest growth-driving announcement. SAIC-GM is responsible for the production of the popular Buick and Cadillac brands. Under this partnership, any driver who owns an EV from either will be able to plug into one of Nio&rsquo;s chargers and access it through a smartphone app. This will also allow them to view real-time charging pile prices.



Of course, it isn&rsquo;t hard to see how this could benefit both NIO stock and GM, particularly given the <a href="https://www.electrive.com/2024/04/18/saic-gm-nio-announce-charging-partnership-in-china/">vast size of Nio&rsquo;s charging network</a>. Per Electrive:




&ldquo;Currently, Nio has a total of 2,204 charging stations across China, including a total of 10,056 charging piles [&hellip;] Of these stations, 364 are located in highway service areas, while its&nbsp;<a href="https://www.electrive.com/2024/01/12/nio-sings-battery-swapping-agreement-with-jac-and-chery/">battery-swapping network</a>&nbsp;covers a total of 2,402 locations, including 790 on highways. Nio also points out that its network has been open since the beginning, &lsquo;with around 80 per cent of the power provided being used by non-Nio models.'&rdquo;




This isn&rsquo;t the first charging network development that Nio has announced this month, either. Earlier in April, the company entered into a <a href="https://cnevpost.com/2024/04/03/jiyue-plugs-into-nio-charging-network/">similar agreement</a> with Jiyue, a Chinese EV producer backed by Baidu (NASDAQ:<a href="https://investorplace.com/stock-quotes/bidu-stock-quote/">BIDU</a>). 



<h2>Why It Matters</h2>



Today&rsquo;s charging network news is definitely a step in the right direction for Nio. NIO stock has barely stayed above water as the EV market has been rocked by turbulence over the past year. Now, though, the firm&rsquo;s focus on its charging network and <a href="https://investorplace.com/2024/04/nio-eyes-expanding-battery-swap-program-to-supercharge-nio-stock/">battery swapping operations</a> &mdash; rather than only pumping out EVs into an already-crowded market &mdash; appears to be a good sign. Gaining a footing in other areas of the market is a strategic move that could easily pay off for Nio &mdash; and investors in NIO stock. 



On the date of publication, Samuel O&rsquo;Brient&nbsp;did not hold (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Samuel O&rsquo;Brient is a Reporter for InvestorPlace, where his work focuses primarily on financial markets, global economic trends, and public policy. O&rsquo;Brient writes a weekly column on recent political news that investors should be following.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/04/nio-stock-gm-joint-venture-just-plugged-into-the-nio-charging-network/">NIO Stock: GM Joint Venture Just Plugged Into the Nio Charging Network</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

NIO Stock: GM Joint Venture Just Plugged Into the Nio Charging Network

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Rivian (NASDAQ:<a href="https://investorplace.com/stock-quotes/rivn-stock-quote/">RIVN</a>) stock is the talk of Wall Street today after <a href="https://ca.investing.com/news/company-news/needham-cuts-rivian-stock-target-by-30-maintains-buy-rating-93CH-3355658">Needham lowered its price target</a> on the electric vehicle (EV) maker to $13 per share from $18. According to the financial services company, the slashed outlook results from an evaluation of Rivian&rsquo;s first quarter production and sales data and new model unveilings.



According to Needham analysts, the new price target is the product of a lower valuation multiple on its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) forecast for 2028. Indeed, Needham foresees headwinds for Rivian due to a slow EV adoption before the release of its upcoming R2 model. 



That said, Needham remains confident in Rivian, citing that its pricing resilience for its R1S used vehicles has been notably better than expected. The company also hasn&rsquo;t experienced quite the same drop in demand felt by other EV makers recently.



Needham also strongly opposes Rivian&rsquo;s decision to hold off on expanding its Georgia manufacturing plant to reduce capital spending. 



Despite the reduced price target, Needham maintains its &ldquo;buy&rdquo; rating on RIVN stock.



<h2>RIVN Stock Climbs Despite a Price Target Cut</h2>



Despite the lower valuation, Rivian stock is enjoying a strong day in the market so far. Indeed, RIVN is up about 1% heading to the bell, though that won&rsquo;t do much to reverse the company&rsquo;s otherwise disappointing year. 



Indeed, RIVN stock is down 58% year-to-date, trending around its lowest level ever. Not alone, other former darlings like Tesla (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>) and Nio (NYSE:<a href="https://investorplace.com/stock-quotes/nio-stock-quote/">NIO</a>) are also down big so far this year in an outright brutal selloff for EV makers. 



Needham still has some confidence in Rivian, however. At its current price of $8.80 per share, Needham&rsquo;s $13 price target implies a nearly 50% upside. <a href="https://www.barrons.com/articles/rivian-stock-rally-wall-street-f126b10b">Other analysts</a> are even more bullish on RIVN, with the average analyst price target hovering around $16.50 a share. 



On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>With degrees in economics and journalism, Shrey Dua leverages his ample experience in media and reporting to contribute well-informed articles covering everything from financial regulation and the electric vehicle industry to the housing market and monetary policy. Shrey&rsquo;s articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/04/needham-just-slashed-its-price-target-on-rivian-rivn-stock-2/">Needham Just Slashed Its Price Target on Rivian (RIVN) Stock</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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Bloomberg is warning that the EV bubble burst has burst. It notes that EV sales in Europe have plunged hard in the past few months.
Some countries are considering more EV incentives.

Bloomberg: The EV Bubble Has Burst As Tesla, Nio, Rivian Stocks Dive

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
As of this writing, Reddit (NYSE:<a href="https://investorplace.com/stock-quotes/rddt-stock-quote/">RDDT</a>) stock has been publicly trading for about a month. For a variety of reasons, the stock is down about 20%. But what may be most concerning is that volume is down sharply. It&rsquo;s too early to draw firm conclusions. However, the stock does not appear to have the committed following of some Reddit stocks that were a core argument for the company&rsquo;s initial public offering (<a href="https://investorplace.com/stock-quotes/ipo-stock-quote/">IPO</a>).



The popularity of these <a href="https://investorplace.com/stock-types/meme-stocks/">&ldquo;meme stocks,&rdquo;</a> on subreddits such as WallStreetBets made the social media site a household name among investors. Documentaries have been made to describe the phenomenon and perhaps serve as a cautionary tale. 



In fairness, meme stocks get a bad rap. There are many popular Reddit stocks that most investors would be happy to own. But this is a site for speculators, many of whom have a &ldquo;go big or go home&rdquo; mindset that encourages risk-taking. 



The Reddit community is great for providing investors with support and knowledge they may not otherwise get. But the herd mentality is real. And it can blind you to some risks that are simply not worth taking. Here are three Reddit stocks that present risks that don&rsquo;t appear to be worth taking anymore. 



<h2>GameStop (GME)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/05/gamestop-sign-gme-stock-storefront-1600-300x169.jpg" alt="GameStop (GME) sign on side of building in blue early morning light"><div>Source: shutterstock.com/EchoVisuals</div></div>GameStop (NYSE:<a href="https://investorplace.com/stock-quotes/gme-stock-quote/">GME</a>) is one of the original Reddit stocks to gain prominence. Investors remember it for its meteoric rise caused by an epic short squeeze in 2021. The issue for investors then, as now, is the desire to confuse an inexpensive stock with a stock having hidden value. GME stock is cheap, but does it still have value? 



GameStop&rsquo;s core business is to the gaming industry what Blockbuster video is to Netflix (NASDAQ:<a href="https://investorplace.com/stock-quotes/nflx-stock-quote/">NFLX</a>). It&rsquo;s simply been bypassed by the proverbial better mousetrap. And the company&rsquo;s pivot into collectibles, while interesting, won&rsquo;t be a significant driver of revenue.&nbsp;



That leaves the company&rsquo;s chairman, Ryan Cohen, who has the opportunity to buy securities of other companies. That makes GameStop a hedge fund by another name. Could it work? In theory, it could. But as my InvestorPlace colleague Rich Duprey <a href="https://investorplace.com/2024/04/gme-stock-analysis-gamestop-profits-mean-nothing-when-your-business-is-dying/">summarized</a> recently, &ldquo;&hellip;Profits Mean Nothing When Your Business Is Dying.&rdquo; Another short squeeze is improbable. The game appears to be over. 



<h2>Nio (NIO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/nio1600-8-300x169.png" alt="A mobile with NIO at horizontal composition."><div>Source: Freer / Shutterstock.com</div></div>For a time, Nio (NYSE:<a href="https://investorplace.com/stock-quotes/nio-stock-quote/">NIO</a>) looked like it would be a rags-to-riches story. As the electric vehicle (EV) market revved up, Nio appeared to be a clear winner. But with the stock down 60% in the last 12 months, Nio faces some difficult challenges as the stock sinks back into penny stock territory.&nbsp;



The company managed to increase deliveries in its most recent quarter. But that doesn&rsquo;t change the reality that the company is losing market share in its home country, China. And it was losing market share when the Chinese market was red hot. That market is cooling, and so is the company&rsquo;s gross margins. The general cooling in the EV market is also affecting the company&rsquo;s deliveries in Europe.&nbsp;



Also, a core piece of Nio&rsquo;s business model is its battery swap program. The company is committed to building 1,000 more swapping stations in 2024. That will also come at the expense of profitability. 



And if you need another reason to stay away from NIO stock, it&rsquo;s essential to note that short interest is up 16.5% in the last month. In a competitive market, Nio appears to be running out of juice. 



<h2>Lyft (LYFT)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/10/lyft1600g-300x169.jpg" alt="lyft stock"><div>Source: OpturaDesign / Shutterstock.com</div></div>Lyft (NASDAQ:<a href="https://investorplace.com/stock-quotes/lyft-stock-quote/">LYFT</a>) is part of a duopoly, such as it is, with Uber Technologies (NYSE:<a href="https://investorplace.com/stock-quotes/uber-stock-quote/">UBER</a>). The company has been increasing its revenue steadily. It&rsquo;s also getting closer to profitability. But being close is not the same as being profitable. And higher interest rates will hurt unprofitable companies harder.&nbsp;



However, the bigger issue for Lyft, and the ride-hailing model in general, is coming from Minneapolis, Minnesota. On August 17, the city council passed an ordinance that, if passed into law, would <a href="https://qz.com/is-it-the-end-of-the-road-for-uber-and-lyft-in-minneapo-1850750942" target="_blank">guarantee the city&rsquo;s $15 minimum wage</a> for any driver with rides originating in Minneapolis.&nbsp;



Both Lyft and Uber are threatening to pull out of the city if the law is passed. It&rsquo;s not hard to see why. The driver/gig worker remaining as an independent contractor is essential to Lyft&rsquo;s ability to manage its costs, particularly as it <a href="https://investorplace.com/2024/04/7-meme-stocks-to-sell-in-april-before-they-crash-burn/" target="_blank">prioritizes profitability.</a> 



At this time, it&rsquo;s unclear if the law will pass. But it seems likely that Minneapolis won&rsquo;t be the only city trying to pass such laws. Investors hate uncertainty with the bluest of blue-chip companies and like it even less with an unprofitable mid-cap stock with an entrenched and profitable competitor in the sector. 



On the date of publication, Chris Markoch did not hold (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>&nbsp;
<div>Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for InvestorPlace since 2019.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/meme-stock-massacre-3-reddit-darlings-on-the-brink-of-collapse/">Meme Stock Massacre: 3 Reddit Darlings on the Brink of Collapse </a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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Turnaround stocks are like hidden gems, poised for great things after weathering a period of adversity. Investors have to have a keen eye for potential when searching them out. Recently, it&rsquo;s become apparent that the three companies on this list have been making a change in 2024 and are becoming turnaround stocks as they now offer new high-growth prospects. 



The first company is a pioneer in electric vehicles (EVs) that is showing signals of a revival. With an astounding increase in car deliveries year-over-year (YOY), the business is quickly securing its place in the cutthroat EV industry.



The second company represents the entertainment industry and shows tenacity and flexibility in the age of streaming. Its emphasis on streaming services has resulted in notable gains in revenue from subscribers and increases in advertising. It has also created strategic alliances and initiatives to expand internationally, suggesting a bright future for the company.&nbsp;



The third company is a model example of innovation and reinvention in the technology industry. As a pioneer in artificial intelligence (AI) and cutting-edge technology, the company&rsquo;s recent product releases demonstrate its dedication to remaining top of its class. 



Smart investors should explore how they can profit from these possible turnaround stocks. Through their strategic objectives, operational efficiency and market growth efforts, these companies provide attractive chances at growth.



<h2>Nio (NIO) </h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/08/nio1600-300x169.png" alt="Exterior of NIO store. A Chinese electric car brand"><div>Source: Robert Way / Shutterstock.com</div></div>Nio (NYSE:<a href="https://investorplace.com/stock-quotes/nio-stock-quote/">NIO</a>) has seen a&nbsp;substantial&nbsp;increase in car deliveries lately, reflecting its market penetration and customer demand. In total,&nbsp;Nio supplied&nbsp;<a href="https://ir.nio.com/system/files-encrypted/nasdaq_kms/assets/2024/03/05/5-03-46/NIO%20Inc.%20Reports%20Unaudited%20Fourth%20Quarter%20and%20Full%20Year%202023%20Financial%20Results.pdf" target="_blank">50,045 premium smart electric</a>&nbsp;cars during Q4 2023, an impressive 25% increase from Q4 2022. Nio&rsquo;s cumulative delivery in 2023 was 160,038 units, a solid increase of&nbsp;more than 30.7%&nbsp;from the year before. These figures highlight Nio&rsquo;s capacity to grow its business quickly and expand its foothold in the cutting-edge EV industry.



Additionally, in January and February of 2024, Nio delivered over 18,000 cars despite seasonal variations and the effects of the Chinese New Year. This highlights the company&rsquo;s capability to adapt to shifting market conditions and operate profitably even under trying circumstances. 



Forecasting for Q1 2024, Nio expects to supply between&nbsp;<a href="https://finance.yahoo.com/news/nio-inc-nyse-nio-q4-164252367.html" target="_blank">31,000 and 33,000 units.</a> This outlook for 2024 shows steady growth momentum and emphasizes management&rsquo;s belief that the company will continue to see strong demand for its cars in the upcoming months.



<h2>Warner Bros. Discovery (WBD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/wbd-stock-1-300x169.jpg" alt="A close-up of the blue and yellow Warner Bros (WBD) sign."><div>Source: Ingus Kruklitis / Shutterstock.com</div></div>Lately, Warner Bros. Discovery&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/wbd-stock-quote/">WBD</a>) has had an intense concentration on streaming services.&nbsp;This&nbsp;is evident in the company&rsquo;s solid increases in subscriber-related revenues and advertising growth. 



In an effort to create new streams of revenue from the service, the company intends to grow and introduce ad-supported options as well. Warner Bros. Discovery is focusing on gaining market share in the streaming industry. In 2023, the direct-to-consumer sector experienced a positive EBITDA of&nbsp;<a href="https://s201.q4cdn.com/336605034/files/doc_earnings/2023/q4/earnings-result/WBD-4Q23-Earnings-Release.pdf" target="_blank">almost $100 million</a>.&nbsp;This&nbsp;represents a pro forma increase of $2.2 billion over the previous year.



Warner Bros. Discovery also expanded its sports programming business by&nbsp;<a href="https://finance.yahoo.com/news/warner-bros-discovery-inc-nasdaq-133349703.html" target="_blank">forming a joint venture</a>&nbsp;with Disney (NYSE:<a href="https://investorplace.com/stock-quotes/dis-stock-quote/">DIS</a>) and Fox (NASDAQ:<a href="https://investorplace.com/stock-quotes/fox-stock-quote/">FOX</a>). Thanks to strategic collaborations, Warner Bros. Discovery can expand its subscriber base, experiment with new income streams and diversify its content offerings. As of 2023, Warner Bros. Discovery had&nbsp;<a href="https://www.nasdaq.com/articles/the-underpriced-steals:-7-stocks-you-cant-afford-to-overlook-this-year#:~:text=Warner%20Bros.%20Discovery%20(WBD),cash%20flow%20generation%20and%20profitability.">saved $4 billion</a>&nbsp;from mergers and transformations combined. Operational efficiency programs and post-merger integration activities have resulted in cost reductions and increased margins.&nbsp;



To sum up, Warner Bros. Discovery is increasing its competitiveness and flexibility in responding to market changes by optimizing resources, simplifying procedures and implementing data-driven management techniques.



<h2>Intel (INTC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/intc1600-300x169.png" alt="Close up of Intel (INTC) sign at entrance of The Intel Museum in Silicon Valley. Intel is an American multinational corporation and technology company."><div>Source: JHVEPhoto / Shutterstock.com</div></div>Part of Intel&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/intc-stock-quote/">INTC</a>) current development plan is to take a leading position in both AI and cutting-edge technologies. The company recently released its new Intel Core Ultra central processing unit (CPU) that enables improved performance in AI-powered apps and is considered one of the best in the industry right now.



Similarly, Gaudi 2 AI accelerators are proving to be performance leaders, and Gaudi 3 is anticipated to improve performance even more. The company also offers the OpenVINO product, a powerful deep learning toolkit developed by Intel that enables optimized neural network inference across multiple hardware platforms. Adoption of OpenVino increased <a href="https://d1io3yog0oux5.cloudfront.net/_bb162a44eb80a31392eb06f92ba9b132/intel/db/887/8982/earnings_release/Q4+23_EarningsRelease_.pdf" target="_blank">60%</a> in Q4, indicating the growing use of this essential software layer for AI inferencing.



Technically speaking, Intel surpasses its competitors by achieving previously unheard-of milestones. Intel&rsquo;s dominance in the market&nbsp;has been cemented&nbsp;by the introduction of&nbsp;<a href="https://www.extremetech.com/computing/rumor-intel-to-use-tsmc-for-some-arrow-lake-compute-tiles#:~:text=Arrow%20Lake%20will%20use%20Intel,backside%20power%20delivery%2C%20aka%20PowerVia." target="_blank">Arrow Lake in Intel 20A</a>&nbsp;and the anticipated manufacturing readiness of Intel 18A.



With&nbsp;solid&nbsp;momentum and client commitments, the company is moving in the right direction to become the second-largest external foundry by 2030. As a result, Intel is the only semiconductor manufacturer with sustainable production across all core regions, and capacity will always be available. Intel is also a pioneer in 3D advanced packaging production as demonstrated&nbsp;by the opening of&nbsp;<a href="https://www.intel.com/content/www/us/en/newsroom/news/intel-opens-fab-9-new-mexico.html" target="_blank">Fab 9 in New Mexico</a>.&nbsp;As far as turnaround stocks go, INTC is doing everything right. 



As of this writing; Yiannis Zourmpanos held long positions in WBD and INTC. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-potential-turnaround-stocks-ready-to-reclaim-their-thrones-in-2024/">3 Potential Turnaround Stocks Ready to Reclaim Their Thrones in 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Potential Turnaround Stocks Ready to Reclaim Their Thrones in 2024

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