- Early Bird
- Posts
- Nio's Massive New Investment 💰
Nio's Massive New Investment 💰
Plus, XRP's strong September surge.
In partnership with
Today is Monday, September 30, 2024.
The Early Bird Index today is 73.98.
New to this newsletter? Sign up here
Nio's Massive New Investment 💰
The China-based electric vehicle maker Nio (NYSE: NIO) shored up its struggling business on Sunday by securing new investments.
Details: Nio said it received two rounds of funding, one from a strategic partner and the other from its parent, totaling about $1.9 billion.
Stock Price: Nio is down 22% this year. However, the stock is up 65% in the last 30 days.
Background: A big reason for Nio’s recent stock surge is that China introduced a new stimulus last week to boost the economy.
Early Bird’s Nest Egg Gains: China's recent stimulus package is expected to have a significant positive impact on China-based stocks, both in the short and potentially longer term.
The key stimulus measures include additional liquidity support for Chinese stocks and cuts to interest rates.
The injection of funds into the stock market is expected to provide direct support for stock prices. It has also boosted investor confidence.
Final Thoughts: Another factor with Nio is that electric vehicle sales slumped in 2024. Will the industry recover in 2025?
Master the market in 5 minutes per day
Hot stock alerts sent directly to your phone
150,000+ active subscribers and growing fast!
Notables
Notable Earnings Today: Carnival (NYSE: CCL).
Notable IPOs Today: N/A.
Notable Equity Crowdfunding Campaigns Ending Today: Querio (Wefunder), Gaming Intelligence (StartEngine), Rebuff Reality (Wefunder), Four Doors (Wefunder).
Notable Economic Events Today: Chicago PMI (9:45 a.m. ET).
XRP's Strong September Surge
The cryptocurrency XRP capitalized on high trading volumes over the weekend to fuel a nearly 5% gain on Sunday.
Price: XRP is now up 9% in the last 7 days and up 13% in the last 30 days.
Background: The price is surging even though there are regulatory concerns about XRP.
Details: Cointelegraph said the price jump can be attributed to higher open interest, a metric used to determine the mood of the market.
Final Thoughts: Can XRP continue to climb in October?
CVS Faces Potential Activist Investor
Amid a bad year for CVS Health (NYSE: CVS), the health giant might be dealing with an activist investor.
Details: The Wall Street Journal reported Sunday that hedge fund Glenview Capital Management will meet with CVS executives and discuss ways the company can improve operations, marking the potential start of an activist stance by the fund.
Definition: An activist investor buys a lot of shares to influence positive change in a company.
Final Thoughts: CVS is down 24% this year but up 7% in the last 30 days.
Trends to Watch
Strike Time: Expect shortages of bananas, booze, chocolate and cherries if there’s a long port strike (CNN)
More China Problems: China’s factory activity contracts less than expected in September (CNBC)
Not Lovin’ It: McDonald’s and supermarkets failed to spot slavery (BBC)
Music’s on Pause: Spotify is back after a Sunday morning outage (The Verge)
Still Waiting: 3 signs that Bitcoin price is not ready to make a new all-time high (Cointelegraph)
Thank you for reading!
Forward to a friend and tell them to sign up here.
Pick winning stocks: Upgrade to Early Bird Prime
Be social: Like our Facebook page and follow us on Twitter.
Want more investing tips? Listen to the podcast.
Show Your Support: Buy Me a Coffee.
Questions or comments? Hit reply to reach out.
The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.