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Nio Delivery Numbers

Nio Stock Surges After Record Breaking November Delivery Numbers

Nio Stock (NYSE:NIO) is surging pre-market following the companies record breaking November delivery results, bouncing back from a weaker month prior. NIO remains an Electric Vehicle powerhouse in China, dominating the market alongside Li Auto and Xpeng. In the month of November, Nio delivered 10,878 Electric vehicles, outflanking its previous monthly record. The November Delivery …

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Mckesson stock

Here’s why McKesson stock is trading higher on heavy volume 

McKesson stock (NYSE: MCK) hit a 3-month high in the pre-market trading session on Tuesday, November 2, after announcing solid earnings and revenue for its fiscal second quarter. The company attributed the results to widening growth in the U.S. Pharmaceutical segment.  The Texas-based distributor of medical supplies reported adjusted earnings of $6.15 per share, crushing …

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Tesla stock

Credit Suisse boosts Tesla stock valuation to $1,125 after Hertz deal

In recent weeks, Tesla stock (NASDAQ:TSLA) has gained significant momentum on Wallstreet after a strong Q3 performance. In particular, Tesla shattered their previous quarterly delivery record with 241,391 vehicles being sold. As a result, the company also broke its previous revenue record, generating $13.57 Billion for the quarter. The strong Q3 performance alongside the companies …

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BENE Stock: The SPAC skyrockets after success of DWAC

Benessere Capital Acquisition Corp (NASDAQ: BENE) is a Special Purpose Acquisition Company (SPAC) that floated in January this year with the sole aim of finding a merger target to bring to the market. Since floating, BENE stock has been trading sideways with no updates on any potential merger targets. However, last week the SPAC market gained …

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Plug power stock

Wallstreet giant turns bullish on Plug Power Stock – here’s what you need to know

Plug Power Stock (NASDAQ:PLUG) continues its bullish run this week as Morgan Stanley analyst, Stephen Byrd upgraded the firms rating to Overweight and a $40 valuation. The upgrade from one of Wallstreet biggest names is not the only good news catalyst this week. Plug Power also announced a strategic partnership with Airbus which “aims to …

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Ocugen stock gains momentum ahead of WHO vaccine decision

Ocugen Inc (NASDAQ: OCGN) is a US based biopharmaceutical company which has primarily focused its research on developing a cure for blindness disease. However last year, Ocugen shifted their efforts towards distributing Covaxin, a COVID-19 vaccine developed by their Indian partner Bharat Biotech. Ocugen currently have the rights to distribute Covaxin in the US and Canada, …

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Skillz Stock: Opportunity or a Busted Growth Story?

Skillz (NYSE: SKLZ) is a mobile esports competition platform that enables anyone to participate in prizes by competing against each other across the world, making it possible for global competitions with an assortment of players. They have been dedicated to providing a fair gaming experience for competitive players, essentially accessing an untapped mobile esports market. …

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Merck stock

Merck stock gains on COVID pill hopes – is MRK stock a game changer?

Merck & Co. (NYSE: MRK) shares jumped more than 8% on Friday, after the company released an update regarding its experimental Covid-19 antiviral oral drug molnupiravir.  The interim analysis from the Phase 3 trial found Molnupiravir may prevent the chances of hospitalization or death from COVID-19 by 50% among people who are at high risk …

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Xpeng stock forecast

XPeng stock gets a boost from the Bank of America after Q3 deliveries

Earlier today, Bank of America analyst Ming Hsun Lee doubled down on XPEV’s bull case with a $63 price target while maintaining a Buy rating. The price target boost came after the company released strong September vehicle delivery numbers. Despite the lack of bullish sentiment in recent weeks, Xpeng stock remains highly upgraded amongst analysts …

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Lucid stock price target

Bank of America sees 25% upside in Lucid Motors stock price

Lucid Motors (NASDAQ:LCID) has carved its name in the luxury EV space after completing a reverse merger with CCIV. The merger gained serious investor interest, with the CCIV ticker reaching heights of $64.86 during the 2020 SPAC boom. Now, as publicly traded company Wallstreet analysts have provided their take on the emerging EV company. Among these analysts, …

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