Earnings Results: NIO stock swings lower after reporting losses that were much wider than expected

March 1, 2023

Shares of NIO Inc. reversed course to trade sharply lower Wednesday, after a much-wider-than-expected loss and revenue that fell well short of forecasts overshadowed investor optimism over the outlook for shares of other China-based companies.

Meanwhile, shares of rival electric vehicle makers XPeng Inc. XPEV and Li Auto Inc. shares LI gained ground, as China’s stock markets surged following strong economic data and after Hong Kong lifted its mask mandate. China’s Shanghai Composite Index CN:SHCOMP climbed 1.0% overnight and…

Futurist Eric Fry says it will be a “Summer of Surge” for these three stocks

One company to replace Amazon… another to rival Tesla… and a third to upset Nvidia. These little-known stocks are poised to overtake the three reigning tech darlings in a move that could completely reorder the top dogs of the stock market. Eric Fry gives away names, tickers and full analysis in this first-ever free broadcast.

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