Published On Oct 14, 2020
Shares of Nio Inc. NIO, +22.73% shot up 9.8% toward a record high in premarket trading Wednesday, after a bullish call on the China-based electric vehicle maker from J.P. Morgan. The stock was on track to open above the Oct. 12 record close of $21.85, and above the all-time intraday high of $22.59 reached on Sept. 30. J.P. Morgan said it now rates Nio at overweight, reportedly an upgrade from the previous rating of neutral, while the stock price target was nearly tripled to $40 from $14. That would make J.P. Morgan's analyst the most bullish of the 15 analysts surveyed by FactSet. The new target is 85% above Tuesday's closing price of $21.62. The stock has skyrocketed more than fivefold (up 437.8%) year to date through Tuesday, while shares of rival Tesla Inc. TSLA, +3.18% have soared 433.9% and the S&P 500 SPX, -0.76% has gained 8.7%. #nio #niostock #evstocks
⚡Membership access to perks (all my trades): https://tinyurl.com/y2x2woeu
🍃 Robinhood (1 free stock signup) - https://join.robinhood.com/ducl44
🐂Webull (2 free stocks $12-$1400 value)- https://tinyurl.com/y7ko4qxf
💰M1 Finance (free $10 sign up) - https://m1.finance/QWhSeXftBRUi
🤑Charles Schwab Referral Code (Get $100) https://tinyurl.com/y3k7u8nl
⚡My Tesla Referral Link (free 1000 miles of Super Charger) https://ts.la/duc58368
✅Personal Capital (track your finance) - https://tinyurl.com/yd22k8mq
✅My Capital One Savings Account - https://tinyurl.com/y74se35x
Social Media:
Main channel - / nukemdukem
My Finance Facebook Page - / nukemfinance
Twitter - / nukemdukemz
Instagram - / nukemdukemz
Join my Discord server talk about stocks! - / discord
Join this channel to get access to perks:
/ @nukemfinance
Disclaimer: All my videos are entertainment purposes only of me expressing my opinion. I am not a financial adviser please do your own research. The links in my descriptions and pinned comment may contain affiliate links meaning I receive some type of gain from them.