Stocks expected to have increasing option volume: BABA JD ASHR KWEB NIO
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- Nasdaq leads Wall St higher as Nvidia eases AI growth concerns
- Nvidia forecasts 70% sales growth next year, signals AI spending boom has years left to run
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Citi opens 90-day catalyst watch on BYD
July 6, 2023 8:02 AM EDTCiti Research opened a 90-day positive catalyst watch on Chinese automaker, BYD as analyst Jeff Chung expects the company's 2Q23E NP to reach Rmb5-5.7bn showing a quarter-on-quarter (QoQ) growth of 25-30%.
Additionally, the estimated net profit per vehicle for the second quarter of 2023 is... More
North America and Europe lead surge in global EV demand
July 5, 2023 9:41 AM EDTAnalyst Ranulf Orr from Citi Research reported a surge in demand for Battery Electric Vehicles (BEV) in May, with a 46% increase compared to the previous year. The primary drivers of demand growth were Europe and North America, experiencing respective year-on-year rises of 59% and 50%. In contrast, China's growth was more... More
