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☆ Stock Market Today: Dow Slips 350 Points; Bank Earnings in Focus
▼ + stars: | 2024-01-16 | by ( ) www.wsj.com time to read: +1 min

Stocks turned lower Tuesday after a Federal Reserve official said the central bank could cut interest rates this year but that the process should be "carefully calibrated and not rushed." In Europe, pushback on imminent rate cuts from European Central Bank officials and news that the German economy shrank last year weighed on markets. An index of bank shares fell. Shares of leading U.S.-listed Chinese companies fell, with the Invesco Golden Dragon China exchange-traded fund down 3%. EV company Nio's ADRs were down 8%; Baidu, the owner of China’s largest internet search engine, and e-commerce giant JD.com slid about 4%.

Persons: Stocks, Dow industrials, Morgan Stanley, Goldman Sachs, Tesla, Elon Musk, Yemen's Houthi, Nio's ADRs Organizations: Federal Reserve, European Central Bank, PNC, Boeing, Shell, Benchmark, EV, Nio's, Baidu Locations: Europe, China

☆ Anhui Jianghuai Automobile says Nio unit, state-owned firm win bid for assets
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +2 min

Super chargers of Chinese electric vehicle (EV) maker Nio are placed at a delivery center of the company, in Nanxiang, Shanghai, China March 23, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsSHANGHAI/BEIJING, Dec 5 (Reuters) - Anhui Jianghuai Automobile (600418.SS) (JAC) said on Tuesday that electric vehicle maker Nio's (9866.HK) Anhui unit and a state-owned company of China's Hefei government won a bid for its assets worth a combined 4.58 billion yuan ($641.2 million). In October, JAC put up for sale the assets at the two plants, known as F1 plant and F2 plant where Nio has been producing its EVs. Regulators allowed Nio to produce and sell EVs in China via the collaboration with JAC in 2018 through which Nio paid JAC commission fees on each car it produced. Nio ranked ninth in terms of sales of EVs and plug-in hybrids in the first 10 months in China with 126,067 units, according to data from China Passenger Car Association.

Persons: Nio, Aly, JAC, Hengchuang, Zhang Yan, Brenda Goh, Jacqueline Wong Organizations: REUTERS, Rights, Anhui Jianghuai Automobile, Technology, Regulators, China Passenger Car Association, Thomson Locations: Nanxiang, Shanghai, China, Rights SHANGHAI, BEIJING, Anhui, HK, Hefei, Beijing

☆ China's EV carmaker Nio jumps 4% after reporting narrower-than-expected losses
▼ + stars: | 2023-12-05 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Here's how Nio did in the third quarter, according to LSEG consensus estimates: Revenue: 19.1 billion Chinese yuan ($2.7 billion) versus 19.4 billion yuan expected. 19.1 billion Chinese yuan ($2.7 billion) versus 19.4 billion yuan expected. Loss per share: 2.67 yuan per share loss versus 2.91 yuan loss expected. That was smaller than the 3.7 yuan per share loss recorded in the second quarter of the year. The company said fourth-quarter revenue will be between 16.1 billion yuan and 16.7 billion yuan, representing a year-on-year increase of between 0.1% to 4.0%.

Persons: ET5, Nio, William Li, Li, Li Auto Organizations: HK, Central China International, Getty, Revenue, EV Locations: Wuhan, China, U.S

☆ China adds Nio to list of approved vehicle manufactures - website
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

Chinese Nio electric car is seen at Nio's first European plant and power swap station in Biatorbagy, Hungary, September 16, 2022. REUTERS/Bernadett Szabo/File Photo Acquire Licensing RightsSHANGHAI, Dec 4 (Reuters) - Electric vehicle maker Nio (9866.HK) has been added to a Chinese industry ministry database permitting companies to produce vehicles in the country, according to the ministry's website. The website gave no details on whether or when a manufacturing licence was granted to Nio, which has since 2018 partnered with Anhui Jianghuai Automobile Group (JAC) to produce electric vehicles on a contract basis. U.S. luxury EV maker Lucid Group (LCID.O) has also been advised of the low likelihood for approval, sources have told Reuters. The last EV maker to receive both permits was Shandong-headquartered EV maker Sinogold in May 2019.

Persons: Bernadett Szabo, Nio, Cui Zhuzhu, Zhang Yan, Brenda Goh, Emelia Sithole Organizations: REUTERS, Rights, HK, Anhui Jianghuai Automobile, China Securities Journal, Tesla Inc, Reuters, Lucid, Sinogold, China Passenger Car Association, Thomson Locations: Biatorbagy, Hungary, Anhui, JAC's, Shanghai, China, Shandong

☆ Cramer's Lightning Round: 'I'm not a buyer' of NIO
▼ + stars: | 2023-11-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Iron Mountain's year-to-date stock performance. Stock Chart Icon Stock chart icon Q2's year-to-date stock performance. Stock Chart Icon Stock chart icon Pfizer's year-to-date stock performance. Stock Chart Icon Stock chart icon NIO's year-to-date stock performance. Stock Chart Icon Stock chart icon Cava's year-to-date stock performance.

Persons: I've, let's Organizations: Uranium Energy, Uranium Energy Corp, Pfizer, American Airlines, NextEra Energy Partners

☆ Thunder prevail in battle of young stars, crush Spurs
▼ + stars: | 2023-11-15 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/51] Nov 14, 2023; Oklahoma City, Oklahoma, USA; San Antonio Spurs center Victor Wembanyama (1) drives past Oklahoma City Thunder forward Jalen Williams (8) during the first quarter at Paycom Center. Mandatory Credit: Alonzo Adams-USA TODAY Sports Acquire Licensing RightsNovember 15 - Shai Gilgeous-Alexander scored 28 points to lead the host Oklahoma City Thunder to a 123-87 win over the San Antonio Spurs on Tuesday night. Oklahoma City forced 25 San Antonio turnovers, outscoring the Spurs 23-13 off giveaways in the process. The Spurs have lost six consecutive games, including two in the tournament, where San Antonio is 0-2. San Antonio was without backup point guard Tre Jones for the second consecutive game due to right hamstring tightness.

Persons: Victor Wembanyama, Jalen Williams, Alonzo Adams, Shai Gilgeous, Alexander, Antonio's Victor Wembanyama, Chet Holmgren, Holmgren, Wembanyama, Zach Collins, Josh Giddey, Giddey, Julian Champagnie, Collins, Tre Jones, Keldon Johnson Organizations: San Antonio Spurs, Oklahoma City Thunder, Paycom Center, USA, Oklahoma City, San Antonio, Spurs, Oklahoma City's, Thunder, Thomson Locations: Oklahoma City , Oklahoma, USA, Oklahoma, Antonio

☆ NBA roundup: Wolves earn ejection-marred win over Warriors
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +7 min

Saddiq Bey supplied 19 points and Bogdan Bogdanovic tossed in 17 for the Hawks in their NBA in-season tournament opener. Bam Adebayo had 21 points and 11 rebounds and Duncan Robinson made four 3-pointers on the way to 18 points for Miami. The Jazz also improved to 2-0 in Group West A play of the NBA's in-season tournament. Mikal Bridges added 21 points for Brooklyn. Franz Wagner led Orlando with 21 points, but the Magic scored 18 points in the final quarter of their first tournament game.

Persons: Karl, Anthony Towns, John Hefti, Mike Conley, Klay Thompson, Draymond, Jaden McDaniels, Thompson, McDaniels, Anthony Edwards, Rudy Gobert, Green, Edwards, Brandin Podziemski, Dario Saric, Stephen Curry, Nikola Jokic, Aaron Gordon, Paul George, James Harden, Kawhi Leonard, Harden, D'Angelo Russell, Rui Hachimura, Anthony Davis, Austin Reaves, LeBron James, Santi Aldama, Steven Adams, Brandon Clarke, Achilles, Derrick Rose, Ja Morant, Marcus Smart, Luke Kennard, soreness, Dejounte Murray, Saddiq Bey, Bogdan Bogdanovic, Trae Young, Marvin Bagley III, Ausar Thompson, Jimmy Butler, Bam Adebayo, Duncan Robinson, Butler, LaMelo Ball, Obi Toppin, Myles Turner, Turner, trey, Joel Embiid, De'Anthony Melton, Tyrese Maxey, Shai Gilgeous, Alexander, Antonio's Victor Wembanyama, Chet Holmgren, Holmgren, Wembanyama, Brandon Ingram, Jordan Hawkins, Zion Williamson, Herbert Jones, Naji Marshall, Dyson Daniels, Tim Hardaway Jr, Kyrie Irving, Luka Doncic, Jordan Clarkson, Lauri Markkanen, Jerami Grant, Deandre Ayton, Spencer Dinwiddie, Dinwiddie, Mikal Bridges, Franz Wagner, Paolo Banchero Organizations: Minnesota Timberwolves, Golden State Warriors, Chase Center, Draymond Green, Timberwolves, Minnesota, NBA, Golden State, Nuggets, Clippers, Denver, West Group, Lakers, Grizzlies, Memphis, Los, Hawks, Pistons, Atlanta, Detroit, Hornets, Miami, Charlotte, Pacers, 76ers, Haliburton, Indiana, Philadelphia, Sixers, Thunder, Spurs, Oklahoma City, Mavericks, New, Pelicans, Dallas, Jazz, Trail Blazers, Utah, Portland, Nets, Brooklyn, Orlando, East Group, Magic, Thomson Locations: San Francisco , California, USA, San Francisco, New Jersey, Golden, Los Angeles, Philadelphia, P.J . Washington, Haliburton, San Antonio, New Orleans, Utah, Portland, Salt Lake City, New York, Brooklyn

DENVER (AP) — The Denver Nuggets extended the contract of coach Michael Malone after he guided the franchise to its first NBA title, a person familiar with the situation told The Associated Press on Monday. The person spoke to the AP on condition of anonymity because the team hadn’t announced the extension. Malone has gone 375-272 with the Nuggets, which included earning the best mark in the Western Conference last season. The Nuggets went 16-4 in their playoff run, culminating in winning the NBA crown in five games over the Miami Heat. Malone is the son of longtime NBA coach Brendan Malone, who died last month.

Persons: Michael Malone, hadn’t, Malone, Jamal Murray, Nikola Jokic, Jokic, Steve Kerr, Miami's Erik Spoelstra, Antonio's Gregg Popovich, Brendan Malone, LeBron James, ___ Organizations: DENVER, Denver Nuggets, NBA, Associated Press, Denver, Nuggets, Western Conference, Miami Heat, Golden State, Sacramento, Kings, Western, Detroit Pistons, Los Angeles Lakers Locations: New York, Cleveland , New Orleans

☆ Middle-class movers are heading to these three cities in search of affordability
▼ + stars: | 2023-11-13 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

Middle-class movers are choosing Las Vegas, Phoenix, and San Antonio as top destinations. It was the second-most popular destination for middle-class movers coming from out of state, the report said. While cities like Austin saw a surge in home prices, San Antonio has been able to maintain some of its affordability. AdvertisementAdvertisement"If you were to ask me, I'd still tell you San Antonio's more affordable than most cities in Texas," San Antonio real-estate agent Ricardo "Rico" Riojas, Jr. told Insider. San Antonio, Texas.

Persons: —, Andrew Arevalo, Getty Images Arevalo, Redfin, Arevalo, there's, he's, We've, Stephanie K, Dow, I'd, Ricardo, Rico, Riojas, Jr, Allan Baxter, San Antonio — Organizations: Service, Denver, Pew Research, Getty Images, MLS, Las Vegas, San Antonio, Getty, Austin Locations: Vegas, Phoenix, San Antonio, The Nevada, Arizona , Nevada , Florida, Texas, Sin, Colorado, Nevada and Colorado, Clark County, Las Vegas, Denver, California, Arizona, Phoenix , Arizona, San, . Texas, Austin, Antonio, Antonio , Texas

INDIANAPOLIS (AP) — Tyrese Haliburton scored 23 points, and the Indiana Pacers routed the San Antonio Spurs 152-111 on Monday night for coach Rick Carlisle's 900th career victory. The Pacers won in style, tying a team record for most points in a game. Reserve Doug McDermott scored 17 points to lead the Spurs, who lost at home to Toronto a night earlier. The Pacers tied a franchise record for most first-half points in taking an 86-61 lead at the break. The Pacers won handily two nights after setting a team record with 12 3-pointers in a 50-point third quarter, but in a 125-124 loss at home to Charlotte.

Persons: — Tyrese Haliburton, Rick Carlisle's, Gregg Popovich, “, Pop, ” Carlisle, Larry, Brown, He's, ” “, ” Popovich, ” Haliburton, Obi Toppin, Buddy Hield, ” Myles Turner, Victor Wembanyama, Doug McDermott, “ Congrats, ”, McDermott, He’s, ___ Organizations: INDIANAPOLIS, —, Indiana Pacers, San Antonio Spurs, Carlisle, Hall of Fame, Spurs, The Pacers, Pacers, Dallas, Indiana, NEXT Spurs, Minnesota, Wednesday, Utah, NBA Locations: Hall, Toronto, Carlisle, Detroit, ” San Antonio, Antonio, Charlotte

☆ AI supply chain startup Tacto is set to raise funds from Sequoia. It's already in talks to bring in more cash.
▼ + stars: | 2023-11-03 | by ( Callum Burroughs | Tasmin Lockwood | ) www.businessinsider.com time to read: +2 min

Tacto, a small German AI supply chain startup, is set to raise new funding from US giant Sequoia and is already in talks with a different high-profile investor to raise another round. Sequoia is set to lead Tacto's Series A round, six sources familiar with the deal told Insider. Unusually, the startup has already begun talks to raise another round of funding in addition to the Sequoia deal. Tacto is also in talks with London-based Index Ventures to immediately raise another funding round, five sources said. Andreessen Horowitz led a seed round in tiny AI startup ElevenLabs in March, and is also in talks with months-old company Mistral.

Persons: Tacto, Andreessen Horowitz, Fintech, Hanno Renner Organizations: London, Ventures, Sequoia, Energy, nab, Cherry Ventures, UVC Partners, Club Locations: Sequoia, Munich, Berlin

☆ Chinese Tesla rival Nio cuts 10% of workforce as CEO predicts 'intense competition'
▼ + stars: | 2023-11-03 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Nio's ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Chinese electric carmaker Nio plans to cut 10% of its workforce amid "fierce competition," CEO William Li said Friday. This is a tough but necessary decision against the fierce competition." Like many Chinese electric vehicle startups, Nio has been hit by weak consumer sentiment in the world's second-largest economy, stiff competition and a price war kicked off by Elon Musk's Tesla. Nio first resisted any price declines, but ultimately carried one out in June.

Persons: Nio's ET5, William Li, Li, Nio, Elon Musk's Tesla, Xpeng Organizations: Central China International, CNBC, stoke Locations: Wuhan, China

Summer Science Program, a nonprofit with an annual budget of about $2 million, sent about 200 high school juniors to six-week intensive research courses at universities this year. Summer Science Program learned last year that one of its alumni, Franklin Antonio, a co-founder of chipmaker Qualcomm, had granted the organization 20% of his estate, said CEO Frank Steslow. The program intends to double the number of students enrolled next summer to more than 400 and increased its annual budget to over $7 million. Summer Science Program has already received a first payment of $65 million, and the funds are unrestricted. But he added, “it seems unusual at first until you realize that the organization itself is almost like a gift restriction, because they’re very specific in what they do,” referring to Summer Science Program.

Persons: Franklin Antonio, Frank Steslow, ” Steslow, Antonio, Steslow, MacKenzie Scott, Jeff Bezos, Scott, Gabrielle Fitzgerald, Fitzgerald, Russell James, ” James, James, Joan B Organizations: Science, Science Program, Qualcomm, Indiana University ,, Indiana University , Bloomington , New Mexico State University, Las, University of Colorado, Panorama, Global's, Texas Tech University, Salvation Army, National Public, Lilly Endowment Inc, AP Locations: Indiana University , Bloomington , New, Las Cruces, University of Colorado Boulder

☆ Rockets visit Spurs as both teams hit reset
▼ + stars: | 2023-10-26 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

October 26 - The San Antonio Spurs and Houston Rockets will look to put opening-night disappointments in the rear-view mirror when the Lone Star State rivals meet on Friday in the Alamo City. San Antonio and Houston tied for the worst record (22-60) in the Western Conference last season. A back-and-forth final period featured five ties before a pair of free throws by San Antonio's Devin Vassell with 2:09 to play gave San Antonio a short-lived advantage. Fred VanVleet and Dillon Brooks hit for 14 points apiece in their Houston debuts while Alperen Sengun posted 14 points, eight rebounds and six assists for the Rockets. "This was the worst game we've played collectively and individually."

Persons: Antonio's Devin Vassell, San Antonio, Kyrie Irving, Victor Wembanyama, Wembanyama, We're, Tim Duncan, Duncan, Vassell, Keldon Johnson, Tre Jones, Zach Collins, Jeremy Sochan, Fred VanVleet, Dillon Brooks, Alperen Sengun, Houston, Jabari Smith, Ime Udoka, Udoka, we've Organizations: San Antonio Spurs, Houston Rockets, Lone Star State, Spurs, Dallas, Houston, Western Conference, San, Mavericks, NBA, Rockets, Orlando, Thomson Locations: Alamo, Orlando, Antonio, France

☆ Exclusive: China's Nio explores investment, tech alliances with Mercedes - sources
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +5 min

Nio, when contacted, denied it talked to Mercedes on a collaboration, calling it "untrue", without elaborating. Mercedes said in a separate response that there were no collaboration plans with Nio at the moment. Chinese EV companies may also be able to navigate potential trade barriers better by forging such tie-ups. Nio, whose investors include Chinese tech giant Tencent Holdings (0700.HK), has publicly called for more such tie-ups with established automakers. ($1 = 7.3127 Chinese yuan renminbi)Reporting by Zhang Yan and Brenda Goh; Additional reporting by Ilona Wissenbach in Frankfurt; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: William Li, Ola Kaellenius, Nio, Mercedes, Leapmotor, Elon Musk, Tesla, Nio's Li, Zhang Yan, Brenda Goh, Ilona Wissenbach, Muralikumar Organizations: HK, Mercedes, Benz, Nio, EV, Volkswagen, SAIC, Audi, VW's, Tencent Holdings, Thomson Locations: SHANGHAI, China, Tesla, Frankfurt

☆ China's cutthroat competition hasn't been lost with the slowdown. EV companies fighting to win
▼ + stars: | 2023-09-24 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

I was in town for an event by Chinese electric car company Nio , which was vying with Huawei's big Connect conference for literal space and attention in a week of tech news. Electric car manufacturers are abuzz In the world of electric cars alone, Baidu -backed startup Jidu launched its car on Tuesday afternoon; Xpeng also unveiled its new G9 electric SUV. Nio, which had just wrapped its fifth car release in four months the prior week, launched a smartphone on Thursday. A competitive spirit, particularly in tech China's cutthroat competition hasn't been lost with the slowdown. While she hasn't had time to give the Nio phone a good look yet, she said she's a regular at the local Nio House, and invites family and friends there.

Persons: Xpeng, Leapmotor, William Li, Li, that's, Meng Wanzhou, JD.com, JD, Peter Alexander, Alexander, Frank Fan, Nio, Angela Cai, Cai, hasn't, she's, — CNBC's Michael Bloom Organizations: Baidu, Wednesday, CNBC, Companies, Huawei, Netflix, Ben Advisors, ., Starbucks, Apple, China, Bank of America Locations: Beijing, Shanghai, Arcfox, U.S, China, China .

☆ Nio's new smartphone will focus on connectivity
▼ + stars: | 2023-09-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNio's new smartphone will focus on connectivityNio is the first high-end Chinese electric car brand to release its own smartphone. CNBC's Evelyn Cheng reports.

Persons: Evelyn Cheng

☆ China's Nio calls for 'open attitude' amid EU subsidy probe
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +2 min

Chinese Nio electric car is seen at Nio's first European plant and power swap station in Biatorbagy, Hungary, September 16, 2022. "We hope that the market environment can be simpler, let the market be the market. The European Commission said China's share of EVs sold in Europe has risen to 8% and could reach 15% by 2025. Its gross margin was 1% in the second quarter, versus 13% in the same quarter last year. Reporting by Zhang Yan and Brenda Goh Editing by Bernadette Baum and Philippa FletcherOur Standards: The Thomson Reuters Trust Principles.

Persons: Bernadett Szabo, William Li, Qin Lihong, EVs, Ursula von der Leyen, Li, Tesla, Nio, Zhang Yan, Brenda Goh, Bernadette Baum, Philippa Fletcher Organizations: REUTERS, Rights, HK, European Commission, Chamber of Commerce, Thomson Locations: Biatorbagy, Hungary, Europe, China

☆ Chinese EV maker Nio releases a smartphone it expects at least half of its users to buy
▼ + stars: | 2023-09-21 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Chinese electric vehicle maker Nio launches a smartphone at an event in Shanghai on Sept. 21, 2023. He told CNBC that among Nio users from which the company makes a profit, more than half are iPhone users, while the other half uses flagship Android phones from Huawei and other brands. Nio is the first high-end Chinese electric car brand to release its own smartphone, which Li said the company developed in about a year. Huawei also sells its in-car software to other electric car companies such as Avatr and BAIC's Arcfox. He pointed out that the Nio phone app has 600,000 active users a day, about 1.5-times the number of car users.

Persons: Evelyn Cheng, William Li, Li, Nio Organizations: CNBC SHANGHAI, CNBC, Huawei, Apple Locations: Shanghai, China, Europe, Germany

☆ China's Nio to launch first mobile phone in Sept to boost appeal of EV
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +2 min

Nio's founder and chief executive, William Li, was a key driver of the phone project, which the automaker is targeting mainly at drivers of its cars. As the smartphone trend fuels great demand for connectivity, from drivers, more automakers are seeking ways to stay ahead of the growing competition. But Nio's phone project has raised concern among some investors as the company battles widening losses and a sales slump amid a price war started by Tesla in January. Nio posted a net loss of 6.12 billion yuan ($839.51 million) in the second quarter, versus a loss of 2.75 billion yuan in the corresponding period a year ago. Li said Nio would launch the first model of its new EV brand targeting the mass market in the second half of 2024.

Persons: William Li, Li, Tesla, Nio, Zhang Yan, Brenda Goh, Clarence Fernandez Organizations: HK, Zhejing, Huawei Technologies, Seres, CYVN Holdings, EV, Thomson Locations: SHANGHAI

☆ Nio reports wider second-quarter loss amid China slowdown and product line revamp
▼ + stars: | 2023-08-29 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +2 min

Revenue: 8.77 billion yuan ($1.21 billion), vs. 9.25 billion yuan expected. 8.77 billion yuan ($1.21 billion), vs. 9.25 billion yuan expected. On a GAAP basis, the company reported a net loss of $835.1 million, or 51 cents per share. A year ago, Nio reported a net loss of 2.76 billion yuan, or 1.68 yuan per share, on revenue of 10.29 billion yuan. Nio's gross margin on vehicles for the second quarter was 6.2% in the second quarter, down from 16.7% a year ago but up from 5.1% in the first quarter of 2023.

Persons: Nio's ET5, Nio, William Bin Li Organizations: Central China International, Refinitiv . Locations: Wuhan, China, Abu Dhabi

☆ Stocks making the biggest moves premarket: Oracle, AT&T, Best Buy and more
▼ + stars: | 2023-08-29 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Best Buy — Best Buy rose about 1.3% after topping Wall Street's fiscal second-quarter expectations on the top and bottom lines. Heico reported revenue of $723 million for the previous quarter, ahead of the $702 million expected by analysts polled by Refinitiv. Nio — Nio's stock lost more than 6% before the bell after the Chinese electric vehicle company reported a wider-than-expected quarterly loss. The company reported $2.21 in adjusted earnings per share, while analysts were looking for $2.02 per share, according to FactSet's StreetAccount. BYD — The Chinese automaker's U.S.-traded shares rose more than 2% Tuesday premarket, a day after it announced a 204.68% jump in net profit for the first half of 2023.

Persons: Safra Catz, PDD, Heico, FactSet's, BYD, CNBC's Hakyung Kim, Tanaya Macheel, Jesse Pound Organizations: Oracle Corporation, New York Stock Exchange, UBS, Oracle, Verizon —, Verizon, Citi, Refinitiv . Revenue, FactSet . Revenue, PDD Holdings —, Refinitiv, Toyota Motor —, Toyota Motor Locations: U.S, Japan

☆ If you want exposure to EVs, Nio is a buy with the worst already priced in: KKM's Jeff Kilburg
▼ + stars: | 2023-08-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf you want exposure to EVs, Nio is a buy with the worst already priced in: KKM's Jeff KilburgJeff Kilburg, KKM Financial founder and CEO, joins 'The Exchange' to discuss why Nio's upcoming earnings are shining a light on competition in the EV market, whether Best Buy has room to go lower before turning around, and the full-year outlook for Smucker.

Persons: Jeff Kilburg Jeff Kilburg Organizations: KKM Financial

☆ Cramer's Lightning Round: Alphabet is a buy
▼ + stars: | 2023-08-21 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon Applied Materials' year-to-date stock performance. Stock Chart Icon Stock chart icon Telus International's year-to-date stock performance. Stock Chart Icon Stock chart icon Tutor Perini's year-to-date stock performance. Stock Chart Icon Stock chart icon Nio's year-to-date stock performance. Stock Chart Icon Stock chart icon Huntington Bancshares' year-to-date stock performance.

Persons: They're, Perini, They've, I'm, I'd, Huntington Bancshares, Huntington Organizations: Telus

☆ Here are Friday's biggest analyst calls: Amazon, Netflix, Nio, Coinbase, Apple, Chevron, BJ's, Carvana
▼ + stars: | 2023-08-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by its overweight rating on shares of Apple. JPMorgan reiterates Netflix as overweight JPMorgan said it's standing by its overweight rating on Netflix shares. Morgan Stanley upgrades DigitalOcean to equal weight from underweight Morgan Stanley said in its upgrade of the software company that its thesis on DigitalOcean has largely played out. Morgan Stanley reiterates Carvana as underweight Morgan Stanley said the company still has "alot to prove." Wells Fargo reiterates Chevron as overweight Wells said it's standing by its overweight rating on shares of Chevron.

Persons: Morgan Stanley, Apple, it's, hasn't, pushback we've, Mizuho, Coinbase, Redburn, DigitalOcean, Nio, Carvana, Wells, Wells Fargo, BJ, JPMorgan, Krispy Kreme, Krispy, Stephens, Wolfe downgrades Stanley Black, Decker, Wolfe, Argus Organizations: Apple, iPhone, Services, JPMorgan, Netflix, ARM, Walmart, Credit Suisse, HOOD, " Bank of America, Oncology, Bank of America, Citi, Cisco Citi, Cisco, Arista, Juniper, Enterprise, Deutsche Bank, Deutsche, Chevron, FedEx, Garden Entertainment Locations: Coinbase, 2Q, HOOD

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