NIO Inc. (NIO) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock’s performance in the near term. Over the past month, shares of this company have returned -15.2%, compared to the Zacks S&P 500 composite’s -2.2% change.… Continue reading Here is What to Know Beyond Why NIO Inc. (NIO) is a Trending Stock
Author: Yarhow_Finance Online News
NIO Inc. Provides October 2023 Delivery Update
NIO delivered 16,074 vehicles in October 2023, increasing by 59.8% year-over-year NIO delivered 126,067 vehicles year-to-date in 2023, increasing by 36.3% year-over-year Cumulative deliveries of NIO vehicles reached 415,623 as of October 31, 2023 SHANGHAI, China, Nov. 01, 2023 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a… Continue reading NIO Inc. Provides October 2023 Delivery Update
Tesla Vs. BYD 2023: BYD Has Seized The BEV Crown. The Actual Coronation Will Come Later.
Reuters Chile’s LATAM Airlines swings to profit, beating estimates as passenger traffic grows SANTIAGO (Reuters) -LATAM Airlines on Monday posted a third-quarter net profit of $232 million, boosted by higher passenger revenue and a turnaround from a loss in the same period last year when the carrier was still in bankruptcy proceedings. The profit, which… Continue reading Tesla Vs. BYD 2023: BYD Has Seized The BEV Crown. The Actual Coronation Will Come Later.
Berkshire Hathaway sells $25.8 million worth of shares in China’s BYD
Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 820,500 Hong Kong-listed shares of electric vehicle maker BYD Co for HK$201.73 million ($25.78 million), a stock exchange filing showed. The sale on Oct. 25 lowered Berkshire’s holdings in BYD’s issued H-shares to 7.98% from 8.05%, the filing to the Hong Kong stock exchange… Continue reading Berkshire Hathaway sells $25.8 million worth of shares in China’s BYD
Tesla Woes Bolster Appeal of Top China EV Maker BYD: Tech Watch
(Bloomberg) — BYD Co. is rapidly closing in on Tesla Inc. as the world’s biggest seller of pure electric vehicles, with surging profits underscoring its sales clout despite intensifying competition at home. Most Read from Bloomberg Shares of the Hong Kong-listed Chinese electric-vehicle firm are up 1.7% this month, outperforming Tesla’s 17% plunge and declines… Continue reading Tesla Woes Bolster Appeal of Top China EV Maker BYD: Tech Watch
Eaton Corp PLC (ETN) Reports Record Quarterly Results with 18% Backlog Growth
Eaton Corp PLC (NYSE:ETN) reported record quarterly earnings per share of $2.22, up 22% from 2022. The company achieved record quarterly sales with 9% organic sales growth and record quarterly segment margins of 23.6%. Operating cash flow for Q3 2023 was a record $1.1 billion, up 18% from the same period in 2022. ETN raised… Continue reading Eaton Corp PLC (ETN) Reports Record Quarterly Results with 18% Backlog Growth
Eaton lifts profit forecast as electrical equipment demand drives earnings beat
Oct 31 (Reuters) – Eaton Corp raised its full-year adjusted profit forecast on Tuesday and beat estimates for quarterly profit on robust demand for its electrical components and equipments. Strengthening non-residential construction market in the U.S. along with increased investments in electric vehicles and new battery plants has boosted demand for Eaton’s products including transformers,… Continue reading Eaton lifts profit forecast as electrical equipment demand drives earnings beat
Eaton Reports Record Quarterly Results With 18% Backlog Growth; Raises Guidance
Record quarterly sales with 9% organic sales growth and record quarterly segment margins of 23.6%, 240 basis points above the third quarter of 2022, with 46% incremental margin DUBLIN, October 31, 2023–(BUSINESS WIRE)–Intelligent power management company Eaton Corporation plc (NYSE:ETN) today announced that earnings per share were $2.22 for the third quarter of 2023. Excluding… Continue reading Eaton Reports Record Quarterly Results With 18% Backlog Growth; Raises Guidance
Got $5,000? Buy and Hold These 2 Value Stocks for Years
Reuters Nvidia shares drop to five-month-low after report of canceled China orders Shares of Nvidia Corp dropped by nearly 5% to a nearly five-month-low on Tuesday following a report that the artificial intelligence (AI) giant may be forced to cancel up to $5 billion worth of advanced chip orders to China in compliance with new… Continue reading Got $5,000? Buy and Hold These 2 Value Stocks for Years
Aptiv (APTV) to Report Q3 Earnings: What’s in the Offing?
Aptiv PLC APTV is set to report its third-quarter 2023 results on Nov 2, before the bell. The company’s earnings surprise history has been impressive. It surpassed the Zacks Consensus Estimate in all the trailing four quarters, with a surprise of 13.4%, on average. Q3 Expectations The Zacks Consensus Estimate for revenues in the to-be-reported quarter is… Continue reading Aptiv (APTV) to Report Q3 Earnings: What’s in the Offing?