Key takeaways from Chinese EV companies’ February deliveries
BuyShares.co.uk
by Mohit Oberoi
1d ago
Chinese EV (electric vehicle) companies including NIO, Xpeng Motors, Li Auto, and BYD have reported their February deliveries. Here are the key takeaways from the reports. Notably, China’s economic activity tends to be tepid around the Lunar New Year holidays which fell in February this year. As a result, the February deliveries of Chinese EV companies fell sharply as compared to January. Chinese EV companies report February deliveries NIO delivered 8,132 EVs in February which was 19.1% lower as compared to January, and 33.1% lower than the 12,157 vehicles delivered in February 2023. The comp ..read more
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Tesla and other EV Shares fall as Xpeng Motors warns of a ‘Bloodbath’
BuyShares.co.uk
by Mohit Oberoi
1w ago
Tesla and other electric vehicle (EV) shares are trading lower in US premarket price action today. While the broader markets are also looking weak with the futures pointing to shares opening in the red today, Xpeng Motors comments on a bloodbath in the EV industry also seem to be weighing heavy on sentiments. In an employee memo, Xpeng Motors’ CEO He Xiaopeng said that the price war in the EV industry could end in a “bloodbath.” Notably, there has been a brutal price war in the Chinese EV industry since Q4 of 2022 when Tesla started to cut car prices to spur sales. Tesla’s price cuts were fol ..read more
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PayPal shares crash after it provides dismal 2024 guidance
BuyShares.co.uk
by Mohit Oberoi
3w ago
PayPal shares are trading sharply lower in early US price action today after the fintech giant reported its Q4 earnings. While the company’s earnings were better than expected, it spooked markets with its guidance. PayPal reported revenues of $8.03 billion in Q4 which was 9% higher YoY and ahead of the $7.87 billion that analysts expected. Its EPS of $1.48 was also ahead of the $1.36 that analysts were expecting. It reported payment volumes of $409.8 billion in Q4, which was 15% higher than the corresponding quarter last year and surpassing the $405.51 billion that analysts were expecting. Pay ..read more
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Meta Platforms share rises to new record highs after Q4 earnings beat
BuyShares.co.uk
by Mohit Oberoi
1M ago
Meta Platforms shares rose over 20% on Friday and hit a new record high after the company reported an impressive set of numbers for the fourth quarter. The company created a record as the spike added $196 billion to its market cap which is the highest ever in history for any company. The Facebook parent reported revenues of $40.1 billion in the December quarter which were ahead of the $39.18 billion that analysts expected. The metric rose 25% YoY which is the highest pace of increase since mid-2021. The company’s revenues rose 16% in 2023 which is a significant improvement from the previous y ..read more
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Here’s how analysts reacted to Apple’s fiscal Q1 earnings
BuyShares.co.uk
by Mohit Oberoi
1M ago
The earnings season for FAANG shares wrapped up last week and while it was overall a good quarter for the tech giants, Apple’s fiscal Q1 earnings failed to please investors and the shares closed lower after the release. Here are the key takeaways from the report and how Wall Street analysts reacted to the earnings. Apple reported revenues of $119.58 billion in the quarter which was 2% higher as compared to the corresponding quarter last year and ahead of the $117.91 billion that analysts expected. It was the first time after a gap of four quarters that the Tim Cook-led company reported a YoY ..read more
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Alphabet shares sink after Q4 advertising revenues miss estimates
BuyShares.co.uk
by Mohit Oberoi
1M ago
Alphabet shares (NYSE: GOOG) are trading sharply lower today in US price action after releasing its Q4 earnings. While the company posted better-than-expected revenues and profits in the quarter, its advertising revenues trailed estimates. Alphabet reported revenues of $86.3 billion in the December quarter which was 13% higher than the corresponding quarter in 2022. In the full year, Alphabet’s revenues increased 9% to $307 billion. Key takeaways from Alphabet Q4 earnings While the company’s Q4 revenues were slightly ahead of what analysts were expecting, its advertising revenues of $65.52 bi ..read more
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NIO shares slide to multi-year lows as Chinese markets tank
BuyShares.co.uk
by Mohit Oberoi
1M ago
Things are getting from bad to worse for Chinese shares. The Hang Seng index is down 12% so far in 2024 and has fallen to a 15-month low. Chinese EV (electric vehicle) shares have fared much worse and last week NIO shares fell to the lowest levels since 2020. Markets have been concerned about Chinese shares after a flurry of economic data showed that the world’s second-largest economy continues to sag. The country’s real estate and banking sectors continue to be in turmoil and the Chinese government has so far refrained from large-scale stimulus to revive the economy. The Chinese Central Bank ..read more
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Investment Plans Just Got Smarter – XTB launches Autoinvest
BuyShares.co.uk
by BuyShares Editor
1M ago
Investing on autopilot? Say hello to XTB’s game-changing autoinvest feature, now integrated into their innovative Investment Plans. XTB, a global fintech offering an online investing platform and a mobile app, is using its proprietary technology to make long-term passive investing more accessible and convenient. The company has just enhanced its ETF-based product with a new functionality that allows investors to top up their Investment Plans regularly. Additional funds are invested automatically in line with the preferred allocation set up by the client. Build your dream portfolio of diverse E ..read more
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Economists see a lower probability of a US recession in 2024
BuyShares.co.uk
by Mohit Oberoi
1M ago
While many economists feared a US recession in 2023, the world’s largest economy surprised with its resilience last year. A Wall Street Journal survey shows that business and academic economists see a 39% probability of a US recession in 2024, down from 48% in October. However, economists expect the US economy to expand by only 1% in the year as compared to the expected growth of 2.6% last year. The projected growth is the worst since 2020 when the US economy contracted amid the COVID-19 lockdowns. Also, it is around half of the long-term growth rate of the US economy. Economists lower recess ..read more
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Tesla short sellers lost billions of dollars in 2023 as shares doubled
BuyShares.co.uk
by Mohit Oberoi
2M ago
According to markets analytics firm S3 Partners, Tesla short sellers lost a cumulative $12.2 billion last year as the shares more than doubled in value. Overall, short sellers lost $194.8 billion as US share markets rose sharply and the combined market cap of S&P 500 shares, of which Tesla is a constituent, increased by $8 trillion last year. While 2023 was a bad year for those shorting tech shares, it was more so for Tesla bears as the losses that short sellers suffered in the share were more than the combined losses that short sellers made in Meta Platforms and Microsoft. The first half ..read more
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