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InvestorPlace
4 Top Stock Trades for Monday: AAPL, AMD, SLV, SPY
Stocks took another hit on Friday, as selling pressure drove the markets down toward the lows of the month. With that in mind, let’s look at a few top stock trades for Monday. Top Stock Trades for Monday No. 1: Apple (AAPL) Click to EnlargeSource: Chart courtesy of TrendSpider Thursday’s post-earnings dip looked like a great trading opportunity in Apple (NASDAQ:AAPL). Shares were pulling back after six days of rallying after a great quarterly result. Furthermore, AAPL was dipping into the 10-day moving average and the previous resistance zone. Even though it failed, I still think it was a good risk/reward setup.InvestorPlace – Stock Market News, Stock Advice & Trading Tips Regardless of what I think, shares are breaking below the 21-day moving average as I speak. If it continues lower, look for the stock to test down into the $124.50 to $127 area. There it will find the 50-day moving average, solid support from December and the 61.8% retracement. If it fails, the 100-day moving average is in play. 7 Safe Stocks to Buy for Solid Returns in Tumultuous Times On the upside, though, bulls need to see the stock reclaim its key short-term moving averages, then $138. Above the latter, and a run back toward its highs near $145 is possible. Let’s see if bulls step back in after a good quarterly result. Top Stock Trades for Monday No. 2: Advanced Micro Devices (AMD) Click to EnlargeSource: Chart courtesy of TrendSpider Advanced Micro Devices (NASDAQ:AMD) also hasn’t been trading well. However, until this week, shares had done a great job of holding up above prior resistance at $87. Breaking that mark now, it will have to find its footing here at the 21-week moving average — just as it did last quarter — or risk a further decline. If it gathers its composure, we need to see a rebound back up through $87.50, then move back above its 10-week moving average. That will keep current resistance near $98 on the table and keep the current range intact. A break lower from current levels could put the $81.50 to $82 area on the table, followed by the $74 mark. The latter is prior support from the previous trading range. Top Stock Trades for Monday No. 3: Silver ETF (SLV) Click to EnlargeSource: Chart courtesy of TrendSpider Silver has been trading well over the past few days, even though it’s been somewhat sloppy this month. Still, the 50-day moving average and uptrend support (blue line) continue to hold. As long as that’s the case, it’s hard to be too bearish. On Friday, the iShares Silver Trust ETF (NYSEARCA:SLV) made a push toward the January highs, but ran out of steam. Near the top of the monthly range though and the SLV is setting up for a potentially strong week and month. A move over $25.74 next week would give the ETF a weekly-up and monthly-up rotation. It doesn’t need the former, but the latter would put a potential run to $27-plus in play. 7 Electric Vehicle Stocks Making Headlines As Alt-Fuels Stoke Growth Niche Without a rotation higher, investors will likely look to buy the dip down into support. Top Trades for Monday No. 4: S&P 500 ETF (SPY) Click to EnlargeSource: Chart courtesy of TrendSpider Equities are feeling some pressure and that’s absolutely no surprise, given that many of the indices ran into the 161.8% extension. (Here’s the small caps’ run and tech’s move to the same extension). In just a few sessions, the SPDR S&P 500 ETF (NYSEARCA:SPY) has already come down to the 50-day and 10-week moving averages. From here, it will be important to gauge how it responds. If bulls buy the dip, the trend remains intact. If they do that, look to see how the SPY does with the 10-day and 21-day moving averages. Keep in mind, these marks rejected it on Thursday. If we break Friday’s low and can’t reclaim it, we may need to test down into the $365 area, followed by the September high retest and the 100-day moving average. On the date of publication, Bret Kenwell held a long position in AAPL. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. The post 4 Top Stock Trades for Monday: AAPL, AMD, SLV, SPY appeared first on InvestorPlace.
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Benzinga
10 Short Squeeze Candidates Under $10
The movement of retail traders against hedge funds has caused several stocks to spike. Many of the top movers have been stocks that have a high percentage of their floated shares short, causing what’s known as a short squeeze. Among the other themes of the high-flying stocks is that many of them started trading under $10 before their run-ups. AMC Entertainment (NYSE: AMC), BlackBerry Ltd (NYSE: BB) and Express Inc (NYSE: EXPR) were all stocks that were under $10 and saw huge increases. Related Link: AMC, National Beverage And 8 More Heavily-Shorted Stocks To Watch Here are 10 stocks that trade under $10 with large short percentages that could be short squeeze candidates: Clovis Oncology Inc (NASDAQ: CLVS) is a biotechnology company. Currently, 42% of the float is short. Senseonics Holdings, Inc. (NYSE: SENS) is a medical technology company; 34% of its float is traded short. VBI Vaccines Inc. (NASDAQ: VBIV) develops vaccines for adults, children and newborns; 20% percent of the float is short. Naked Brand Group Ltd (NASDAQ: NAKD) sells intimate, swimwear and apparel, and 33% of its float is short. Precigen Inc (NASDAQ: PGEN) is a biotechnology company; 35% of its float is short. Opko Health, Inc. (NASDAQ: OPK) is a pharmaceutical and diagnostics company, with 26% of its float short. Lannett Company, Inc. (NYSE: LCI) is a generics pharmaceutical company; 25% of its float is short. Dyanvax Technologies Corporation (NASDAQ: DVAX) is a biotechnology company that is seeing 24% of its float traded short. United Microelectronics Corp (NYSE: UMC) is a semiconductor company that makes products for companies like Advanced Micro Devices, Inc. (NASDAQ: AMD) and Xilinx Inc (NASDAQ: XLNX). The company is seeing 21% of its float traded short. TherapeuticsMD Inc (NASDAQ: TXMD) is a pharmaceutical company targeting women, and 25% of its float is short. (Photo: Omar Eduardo, Flickr) See more from BenzingaClick here for options trades from BenzingaRobinhood Expands Trading Restrictions To 50 Stocks, Including GameStop, General Motors, Starbucks, Several SPACsStock Wars: AMC Entertainment Vs. Cinemark© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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InvestorPlace
Why BlackBerry Stock Will Eventually Ride Much Higher
Those who are bearish on BlackBerry (NYSE:BB) — including the many people who are short-selling the name — continue to vastly underestimate how much money the company can make. That’s because BlackBerry’s cybersecurity business is bolstering BB stock, with more upside on the horizon from connected vehicles and more. Basically, cybersecurity threats are becoming more prevalent as we advance technologically and this company stands to gain. Source: Shutterstock More specifically, the BlackBerry naysayers have failed to take into account the strength of the company’s security products like Spark. And that’s not all — BlackBerry also has a very large payment in-store, which it’s likely to receive soon from social media giant Facebook (NASDAQ:FB). So, here’s why BlackBerry will climb much higher in the future.InvestorPlace – Stock Market News, Stock Advice & Trading Tips BB Stock and Connected Cars As I’ve noted before, Morgan Stanley (NYSE:MS) embraced “the monetization of connected cars” this past November. Specifically, bank analyst Adam Jonas stated that “Tesla is on the verge of a profound model shift from selling cars to generating high margin, recurring software and services revenue […] [from] infotainment and performance upgrades.” But instead of focusing on Tesla (NASDAQ:TSLA) in the connected car space, I’d like to zero in on BB stock. 7 Safe Stocks to Buy for Solid Returns in Tumultuous Times Back in January 2018, I thought BlackBerry could make money by selling subscriptions through driverless cars. At the time, I wrote that it could sell “ads, data, extra security features, and apps” in the space. Now I believe that prospect is even more possible. The company can — through its highly secure QNX operating system (OS) — ultimately sell such products and services to the owners of all connected vehicles. Years ago, I noted something else, too: “BlackBerry can sell data that it obtains from consumers who use its self-driving operating system.” Now in 2021, the idea of collecting and selling data from drivers has become mainstream. Even the notion of selling extra car security features has been raised. In fact, only the thought of selling tracking systems and ads is less prevalent now. However, I still believe that the company will be able to sell such products. What BlackBerry Sells One way to think about BlackBerry’s situation in connected cars is to compare it to Microsoft (NASDAQ:MSFT). Of course, that company sells operating systems for computers. But just as Microsoft has made money from software sales, BB can profit from selling OSs for our increasingly tech-advanced vehicles. Sound odd? Well, Amazon’s (NASDAQ:AMZN) decision to work alongside the company to “develop and market BlackBerry’s Intelligent Vehicle Data Platform” validates these offerings even further. Even Baidu (NASDAQ:BIDU) has gotten in on BlackBerry’s technology, opening up BB’s ability to meaningfully penetrate the Chinese auto market. Meanwhile, QNX has also been installed in other spaces, including applications in aerospace and defense, medical devices and “industrial automation.” With devices of all sorts now being connected to the internet, the number of endpoints that need the security BB provides will likely skyrocket. Spark Will Jump Start Revenue, Facebook Will Pay Clearly, BlackBerry’s upside is not limited to the connected car space alone. To that end, in May 2020, the company announced Spark Suites. This new security product will provide companies and governments with “a range of tailored cybersecurity and endpoint management options.” More specifically, BlackBerry has integrated “endpoint management, user authentication, and application and data encryption” from its original systems with “artificial intelligence (AI), machine learning (ML) and automation for improved cyber threat prevention and remediation.” Altogether, this new product is a comprehensive and competitive development. Because of that, I believe that the strength of Spark will be able to meaningfully lift the company’s financial results over time. But that’s not the only boon for BB stock. On. Jan. 15, BlackBerry also announced that it had settled its patent-infringement lawsuit with Facebook. The dispute involves patents on messaging technologies, which are quite vital to FB’s huge business. As a result of the settlement, I expect BlackBerry to receive a large, multi-billion dollar payment from the social media giant. That’s sure to greatly boost BB stock, too. Bottom Line It’s true — right now, BlackBerry’s shares are very volatile. Why? The Reddit stock forum, Wall Street Bets (WSB), recently targeted it alongside other names in a massive short squeeze. That situation could continue for some time. But I’m convinced that BB stock will climb much higher over the long term. Given these points, I recommend that long-haul growth investors buy shares of BlackBerry now. Investors should also be prepared to buy roughly the same number of shares again if BB pulls back meaningfully in the near-term. On the date of publication, Larry Ramer held a long position in BB. Larry has conducted research and written articles on U.S. stocks for 13 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Among his highly successful contrarian picks have been solar stocks, Roku, and Snap. You can reach him on StockTwits at @larryramer. Larry began writing columns for InvestorPlace in 2015. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. The post Why BlackBerry Stock Will Eventually Ride Much Higher appeared first on InvestorPlace.
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FX Empire
Gold Churns but Silver (Finally) Returns!
Already one trading month of 2021 has been burned, therein the price of Gold having mostly been churned. In settling out the week yesterday (Friday) at 1850, ’twas not only the sixth consecutive trading day during which such price traded, but so it has done in 13 of the past 15 trading days.
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InvestorPlace
AT&T Stock: Money for Bits
AT&T (NYSE:T) bought DirecTv and Time Warner in the last decade, after becoming convinced that just moving bits was a bad business. Now, with 5G and the promise of the Machine Internet, bits are becoming a very good business. The question is whether T stock can make the turn. Source: Jonathan Weiss/Shutterstock AT&T opened for trade Jan. 29 at $28.80. It traded at over $38 before the pandemic but has only briefly breached $30 twice since it began. This is despite holding what should be prime pandemic assets in WarnerMedia’s TV and film studios, its program libraries and CNN. The company’s Jan. 27 earnings release saw it bringing in $10.1 billion in operating cash flow from $45.7 billion of revenue. But its past still haunts. It wrote off $15.5 billion from its “video business,” reporting a net loss of 75 cents/share.InvestorPlace – Stock Market News, Stock Advice & Trading Tips T Stock and the Video Disaster While the numbers beat estimates, with analysts calling it a “good quarter,” shares only briefly touched $30 before returning to their pre-earnings price. At its current price, the company’s 51 cent/share dividend yields an incredible 7.14%. It’s now clear that former CEO Randall Stephenson buying DirecTv, and later, WarnerMedia, were among the biggest business mistakes of the 21st century. The 7 Safest Stocks to Start Off 2021 on the Right Foot DirecTv cost $67.5 billion, including the assumption of debt. AT&T recently sought bids on the asset, which came in at $15 billion. WarnerMedia cost $108.7 billion, again including debt. WarnerMedia revenue dropped 21% during the quarter, due to cord-cutting and less advertising. During the quarter AT&T also decided it will release future movies to its HBO Max streaming platform at the same time they go to theaters. This boosted subscriptions to 41.5 million, but fewer than half of current HBO subscribers eligible for the package signed up. The company eventually signed distribution deals with Roku (NASDAQ:ROKU) and Amazon (NASDAQ:AMZN), but the damage in the fourth quarter was evident. CEO John Stankey blamed COVID for the WarnerMedia troubles. He promised an ad-supported version of HBO Max will be launched in the second quarter. More Bits AT&T’s base business of moving bits did well. It added 800,000 net postpaid wireless customers during the quarter. Churn was just .76%. The company also added 273,000 new AT&T Fiber customers. The future isn’t all rosy. Comcast (NASDAQ:CMCSA), Charter Communications (NASDAQ:CHTR) and DISH Network (NASDAQ:DISH) may have teamed up to buy a competitive 5G spectrum position, albeit at nosebleed prices. The results will be announced later this quarter. But AT&T already has its network assets operating. It had $2.1 billion in capital spending during the fourth quarter. New equipment will be expensive but it can be bolted onto the existing network, which is highly profitable. While most attention is focused on the “C-Band,” at around 4 GHz (WiFi runs at either 2.4 GHz or 5.5 GHz) 5G signals run in three different bands. These range from the old broadcasting spectrum at 450 MHz to former satellite spectrum at over 50 GHz. Peak data rates for a mature network can be as high as 20 Gbps down, 10 Gbps up, in each network cell, all of it subject to backhaul. This means 5G services can be run at either very short distances or very long ones, along with current cellular distances. It means backhaul, which AT&T has in abundance, becomes more important. It means new applications inside factories, homes, and cities, what I’ve called the Machine Internet, is on the way. The Bottom Line AT&T is burdened by its past mistakes. That’s why its stock is down and rivals stocks like T-Mobile US (NASDAQ:TMUS) are up. But there are also opportunities ahead. If AT&T can bring its asset base to bear on them, huge profits can be won over the next decade. You can get a 7% return while you wait for that. At the time of publication, Dana Blankenhorn owned shares in AMZN and T. Dana Blankenhorn has been a financial and technology journalist since 1978. He is the author of Technology’s Big Bang: Yesterday, Today and Tomorrow with Moore’s Law, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com, tweet him at @danablankenhorn, or subscribe to his Substack https://danafblankenhorn.substack.com/. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. The post AT&T Stock: Money for Bits appeared first on InvestorPlace.
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Investopedia
10 Ways to Reduce Your 401(k) Taxes
How you take a 401(k) distribution can greatly impact your taxes. Read about 10 ways to help reduce the taxes you pay on 401(k) withdrawals.
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Benzinga
Barron’s Latest Picks And Pans: Roundtable Picks, Quantumscape, Commodities And More
This weekend’s Barron’s cover story explains why the online renegades that took the investing world by storm are just getting started. Other featured articles offer Barron’s Roundtable stock picks for 2021, examine how retail has changed over the past century and ponder what’s ahead for the markets in February. Also, the prospects for an EV battery maker, infrastructure stocks, commodities and more. Cover story “The GameStop Revolt Has Just Begun” by Avi Salzman and Connor Smith discusses how a band of online renegades took the investing world by storm. Investors can ignore some of the silliness surrounding AMC Entertainment Holdings Inc (NYSE: AMC), Bed Bath & Beyond Inc. (NYSE: BBBY), GameStop Corp. (NYSE: GME) and others, says the article, but the market may never be the same. Lauren R. Rublin’s “Roundtable: 22 Ways to Invest in the Future” features the favorite stock picks for 2021 from Barron’s Roundtable members. See why those recommendations include Boston Beer Company Inc (NYSE: SAM), Deere & Company (NYSE: DE) and Prologis Inc (NYSE: PLD). In “Commodities Are Starting to Rally. Play It With These Stocks and Funds,” Andrew Bary makes the case that energy, metals and agriculture are poised to gain as global economies reopen and inflation stirs. Time to take a look at Freeport-McMoRan Inc (NYSE: FCX) or Newmont Corporation (NYSE: NEM)? Lithium-ion battery maker Quantumscape Corp (NYSE: QS) has a pioneering battery technology. So says “EV Battery Start-Up QuantumScape Is Driven Solely by Promise” by Al Root. What it will not have for five years is much revenue, and yet the share price has risen well more than 300% since August. In Kenneth G. Pringle’s “From Dry Goods to Dot-Coms, How Shopping Has Changed Over the Past Century,” the focus is on how the arrival of nationwide chains and department stores in the early 1900s changed the nature of shopping in America and the landscape of its communities, much as Amazon.com, Inc. (NASDAQ: AMZN) is doing now. “As GameStop and the Little Guys Soar, Big Tech Gets Forgotten” by Eric J. Savitz points out that earnings from Apple Inc (NASDAQ: AAPL) and Microsoft Corporation (NASDAQ: MSFT) confirmed their dominance. Still, market reaction suggests that there is some concern about these stocks. See also: Benzinga’s Bulls And Bears Of The Week: Apple, Boeing, Netflix, Starbucks And More Infrastructure, including utilities, toll roads, airports and renewable energy, can offer some nice yields if investors look in the right places, according to Lawrence C. Strauss’s “Infrastructure Stocks and Funds Offer Solid Dividend Yields. Here’s Where to Look.” Is Crown Castle International Corp (NYSE: CCI) worth a look? How about NextEra Energy Inc (NYSE: NEE)? In “Investors Who Own Blacklisted Chinese Stocks May Be in Limbo,” Reshma Kapadia examines the options that smaller investors with American depositary receipts of blacklisted Chinese companies have as they try to divest their shares. Ben Levisohn’s “It’s Been a Rough January. Get Ready for an Even Worse February” says that this was supposed to be the Teflon stock market, able to absorb political turmoil, a resurgent virus and mediocre data to keep on rising. Then Reddit came along. What’s next for the likes of Johnson & Johnson (NYSE: JNJ) and Facebook, Inc. (NASDAQ: FB)? Also in this week’s Barron’s: The surge in volatility as a warning sign for small investors Why investors are happy with Biden’s patience on China After GameStop and WallStreetBets, the new rules for stock trading How investors can play a Reddit-driven market How small-cap fund managers are navigating the GameStop mess Whether more COVID-19 manufacturing partnerships are imminent Looking for a turnaround in gold’s lackluster prices Whether it is time for climate risk disclosures Why fixing the wealth gap isn’t one challenge but many interconnected ones Women making waves in the spirits world At the time of this writing, the author had no position in the mentioned equities. Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter. Photo by M. B. M. on Unsplash. See more from BenzingaClick here for options trades from BenzingaBenzinga’s Bulls And Bears Of The Week: Apple, Boeing, Netflix, Starbucks And MoreNotable Insider Buys Seen In The Past Week: Green Brick, Intel, Teledyne And More© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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InvestorPlace
Robinhood Limits Trading for SNDL Stock: What You Need to Know
You probably think of Sundial Growers (NASDAQ:SNDL) as a marijuana play. After all, it’s one of the larger publicly listed cannabis companies out there. In the past, SNDL stock has tended to trade in line with its marijuana peers. Now, however, things have changed. Source: Shutterstock At least for the time being, Sundial is no longer a traditional cannabis stock. Instead, it’s a Robinhood play. Right now, Sundial’s fate is closely tied to the trendy new brokerage firm. And with a momentous act on Thursday, Robinhood threw Sundial — and other such stocks — into uncertainty. This is a fluid situation, but here’s what we know as of this writing.InvestorPlace – Stock Market News, Stock Advice & Trading Tips SNDL Stock and the Massive Short Squeeze In recent days, stocks of certain businesses with poor fundamentals and large operating losses have positively exploded. We’re talking about the likes of Gamestop (NYSE:GME), AMC (NYSE:AMC) and so on. These were moves in thousands of percent in some cases. But why are these moves happening? Short squeezes. The folks over at Wall Street Bets on Reddit — as well as other online trading communities — deduced that they could drive up the value of certain businesses with low share prices and bad fundamentals. They also found that they could pull this off by simply engaging in the relentless buying of these securities, powered by the meme magic of social media. With enough continuous buying, short sellers were soon eviscerated. That even led to the collapse of major firms, like Melvin Capital. Of course, SNDL stock hasn’t blasted off like Gamestop, for instance. However, it has enjoyed similar interest from certain online trading groups — and now it’s subject to the consequences. Robinhood Cracks Down Many of these social-media-powered traders like using Robinhood because of its mobile app and ease-of-use. As a result, many of those traders plowing into Gamestop, AMC, Sundial and the like were buying these stocks on the platform. Evidently, though, Robinhood grew increasingly alarmed about those unprecedented levels of speculation. Because of that, the firm decided to try to chill the waters a bit. On Thursday, Robinhood announced that it was restricting trading of particularly volatile securities until the current mayhem dies down. Its press release including the following: “We continuously monitor the markets and make changes where necessary. In light of recent volatility, we restricted transactions for certain securities to position closing only. You can see the latest here. We also raised margin requirements for certain securities.” Closing positions only, to be clear, means that traders can only sell their existing positions in the particular stocks noted by the platform — GameStop, AMC, BlackBerry and Sundial, among others. So, with that move, Robinhood stopped its users from buying additional shares in those listed stocks, including SNDL stock. The effect was immediate and dramatic — GME, for example, saw its stock plummet in a couple of hours following Robinhood’s move. What’s the Impact on Sundial? SNDL stock had been up from the 60 cent range to more than a dollar on Thursday morning. It then dropped back to 82 cents for the close, following the Robinhood ban. However, Sundial didn’t completely implode like some of the other targeted securities. That’s probably because Sundial had never gone up nearly as far in the first place. As I’ve previously discussed, it seems like Sundial was drawing interest because it was one of the marijuana stocks with the cheapest share prices out there. For awhile, the stock was under 50 cents. To unexperienced traders, a stock at 50 cents may seem a lot more appealing than one trading at $10 or $20 per share. That’s a factor of people not really understanding the difference between market capitalization and share price. Nonetheless, the effect is real and Sundial enjoyed powerful retail trading interest in recent weeks. That has made Sundial a fantastic day-trading name, but much less attractive as an investment. The Verdict SNDL stock will struggle to go on another sustained rally as long as Robinhood and other brokers restrict buying. What’s more, Sundial’s operating business metrics simply aren’t that great. Investors looking to buy the best marijuana company based on revenue growth or a profits basis are unlikely to pick this company. Therefore, the outlook for Sundial is highly dependent on what happens with Robinhood. There has been huge backlash against the firm for its decision to block buying of certain stocks — Congresswoman Alexandria Ocasio-Cortez and Barstool Sports founder Dave Portnoy are among those leveling withering criticism against it for the decision. Robinhood did say on Thursday evening that it would allow “limited buys” of the blacklisted stocks going forward, but it’s unclear how strict those limits will be. To be fair to Robinhood, though, it isn’t the only brokerage firm that has cracked down on these sorts of stocks. For instance, Interactive Brokers (NASDAQ:IBKR) also limited trading of certain volatile securities and jacked up margin rates on others to try and tamp down the volatility. The U.S. Securities and Exchange Commission (SEC) is also reportedly investigating the unusual trading in these stocks as well. All that is to say that it’s a perplexing situation for SNDL stock owners. I’d steer clear of this name, simply because the underlying business is troubled. Basically, it’s a roll of the dice regardless. But, that said, pay attention to the upcoming developments with brokerages closely. Obviously — as long as places like Robinhood are limiting folks from buying SNDL — its share price will face a massive headwind moving forward. On Penny Stocks 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’s because these “penny stocks” 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’s writers disclose this fact and warn readers of the risks. Read More: Penny Stocks –How to Profit Without Getting Scammed On the date of publication, Ian Bezek did not have (either directly or indirectly) any positions in the securities mentioned in this article. Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. The post Robinhood Limits Trading for SNDL Stock: What You Need to Know appeared first on InvestorPlace.
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FX Empire
Bitcoin Next Week: Levels and Patterns to Watch
There were three major events that supercharged the uptrend of Bitcoin and other cryptocurrencies. The FOMC statement played a key role as after the release safe-haven assets gained against the US Dollar, the other two are Ilon Musk and his Twitter account bio and a new wave of Wall Street threat also referred to as Reddittors.
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Benzinga
The Upcoming Catalyst That Could Move Chinese EV Stocks Nio, Xpeng, Li Auto
Chinese electric vehicle stocks have seen some moderation in momentum in recent sessions. One upcoming catalyst could lift the stocks out of this lackluster phase: the January delivery numbers that are due next week. Finding The Sweet Spot In China’s EV Market: China is a hot EV market, both from the perspective of the addressable market opportunity and supply. “China is a greenfield EV market opportunity for many well positioned auto players as we believe overall EV sales can potentially double in the region over the next few years given the pent-up demand for EV vehicles from customers across all price points,” Wedbush analyst Daniel Ives said in a note. Goldman Sachs analyst Fei Feng estimates EV penetration, including battery electric and plug-in hybrid vehicles, will increase from 5% in 2020 to 20% in 2025, 53% in 2035 and 80% in 2050. Xu Haidong, the deputy chief engineer of China Association of Automobile Manufacturers, said in a summit late last year that China’s EV sales might reach 1.8 million units in 2021 — up 40% from a year earlier — thanks to stable economic growth, continuous stimulus policies on vehicle consumption and sales promotions by manufacturers. Yet the supply side is crowded with homegrown startups, international pure-play EV company Tesla Inc (NASDAQ: TSLA) and traditional automakers all vying for a piece of cake. Among the players in China, the standouts include Nio Inc – ADR (NYSE: NIO), Xpeng Inc – ADR (NYSE: XPEV), Li Auto Inc. (NASDAQ: LI) and WM Motors, backed by both Baidu Inc (NASDAQ: BIDU) and technology conglomerate Tencent Holdings ADR (OTC: TCEHY). Deutsche Bank Securities analyst Edison Yu said the firms are collectively the “Fab Four” of the China EV market. Nio On Record Streak: Nio, which has a premium positioning in the China EV market, has been reporting record delivery numbers of late. After the COVID-19 pandemic affected sales in the first two months of 2020, the company acquitted itself credibly through a series of innovative measures and technological enhancements. The company ended 2020 on a high, having delivered a record 43,728 vehicles for the year. It has been churning out record monthly numbers since August 2020. In December, Nio delivered a record 7,007 vehicles, comprising 2,009 ES8s, 2,493 ES6s, and 2,505 of the company’s newly launched EC6s. Deliveries are sitting at a not-so-robust pace of 1,598 in January 2020. Given that Nio announced it would make good the reduction in government subsidies for vehicles purchased through Jan. 10 and a limited period zero down payment option, the pace of sales will likely have accelerated further. Nio’s battery-as-a-service scheme has already begun to show a positive impact on sales. Related Link: Nio Analyst Sees Meaningful Tailwinds For EV Brand’s Sales Volume Xpeng Makes The Right Noises: Xpeng, which listed its ADSs on the NYSE in late August, has also joined the party. “XPeng is well positioned to take market share in the mid-tier and lower premium market, delivering a tech-centric ‘smart’ experience through pushing the limits of its ADAS features and cockpit user interface functionality, especially in voice recognition,” Deutsche Bank’s Yu said in a note. Xpeng — which sells the G3, an EV SUV and the P7, an all-electric sedan — is expected to launch a new sedan with lidar technology this year. Earlier this week, the company launched a major over-the-air upgrade for its P7 sedan customers in China, delivering a new version of XPeng’s operating system, Xmart OS 2.5.0. In December, Xpeng delivered a record number of 5,700 vehicles, a 326% increase year-over-year and a 35% increase month-over-month. For the year, the company delivered a total of 27,041 vehicles, a 112% increase year-over-year. Li Auto’s Robust Performance: Li Auto also turned in a stellar December performance, with deliveries of 6,126 Li ONEs in December and 14,464 units for 2020. The monthly performance represented increases of 31.9% month-over-month and 529.6% year-over-year. Chinese EV Stock Performance: Nio shares ran up to record highs of $66.99 Jan. 11, reacting to the Nio Day event held Jan. 9. Since then, the stock has pulled back. Xpeng, meanwhile, peaked at $74.49 Dec. 24 before pulling back. After moving roughly sideways thereafter, the stock has staged a comeback in recent sessions. Li Auto is witnessing a lean patch after it hit an all-time high of $47.70, also on Dec. 24. The upcoming week’s delivery numbers and the imminent fourth-quarter results could be the key to determine which way the stocks are headed. Photo courtesy of Nio. See more from BenzingaClick here for options trades from BenzingaBreaking Down Novavax’s Coronavirus Vaccine Data: 2 Analyst TakesJohnson & Johnson’s COVID-19 Vaccine Data: What You Need to Know© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
