Nio (NIO) Stock: Are More Gains Ahead?

Nio Inc NIO Stock News

Nio Inc – ADR (NYSE: NIO) is having a strong start to the trading session this morning, following up on the recent gains that we’ve seen from the stock. The question now is whether or not more gains are ahead. Today, we’ll talk about:

  • Recent factors leading to investor excitement about NIO stock;
  • what we’re seeing from the stock; and
  • what we’ll be watching for ahead.

Factors Driving Gains In NIO Stock 

As mentioned above, Nio is having a strong day in the market today, following up on the recent gains that we’ve seen. However, the company hasn’t released any news or issued any SEC filings. So, what’s the deal?

First and foremost, Chinese companies in general have been doing well as of late. The growth in Chinese stocks has quite a bit to do with recent news that additional tariffs have been postponed in the trade war between China and the United States. The relaxed tensions between the United States and China are leading to hopes of an improving Chinese economy, leading to gains among Chinese equities.

Moreover, there is some recent news surrounding Tesla that has been impacting other electric vehicle makers like NIO and SOLO. Ultimately, Elon Musk published a Tweet in mid-February, announcing that Tesla would produce 500,000 vehicles in 2019.

Shortly after the Tweet was published, he recanted the statement, correcting the figure to 400,000 cars to be produced. The SEC pointed to this as potential securities fraud, causing pain for the company. This led to a rally among other electric vehicle manufacturers.

On the NIO specific side, we have one more bit of news, but it hasn’t happened yet. On the fifth of March, the company will report its financial results. Given the strong results that we’ve seen out of other Chinese companies, investors are optimistically waiting for the news.

What We’re Seeing From The Stock 

As we know, the move has the ability to move the market. In the case of Nio, recent news has been beneficial. Between relaxing tensions between China and the United States, problems for the company’s biggest competitor, and a coming earnings report, it seems as though excitement is reahing highs.

So, it’s not surprising to see that excited investors are pushing the stock up. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. Currently (10:46), NIO is trading at $9.98 per share after a gain of $0.41 per share or 4.23% thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on NIO. In particular, we’re interested in following the story surrounding the company’s continued work to expand its sales and take advantage of the changing tides in the vehicle industry. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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