NIO Stock Surges 12% on Strong Q2 2024 Financial Results: Growth Momentum Continues

#NIO #Marketsentimentstoday #MarketExperts #StockMarketTrends #Market_Update

Nio, one of China's leading electric vehicle (EV) makers, surged 12% following an impressive Q2 2024 earnings report. The company set a new record, delivering 57,373 vehicles—a 143.9% year-over-year increase. Vehicle sales jumped 118.2% to 15.68 billion yuan, showing Nio’s ability to scale production efficiently despite industry challenges.

Losses were reduced to 5.05 billion yuan ($694.4 million), a 16.7% improvement from last year. Gross margins expanded from 1.0% to 9.7%, with vehicle margins almost doubling to 12.2%. Nio’s premium EVs above 300,000 yuan ($42,327) continue to dominate, capturing over 40% market share.
CEO William Bin Li expects even stronger Q3 performance with deliveries between 61,000 and 63,000 units and revenue projections between 19.11 billion and 19.67 billion yuan. With a cash reserve of 41.6 billion yuan ($5.7 billion), Nio is well-positioned for expansion, R&D investments, and global market pressures.

Conclusion:
Nio’s solid Q2 results highlight its impressive growth and resilience, positioning the company as a major player in the global EV market. Investors remain bullish on its future potential as Nio continues its upward trajectory.

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📉 U.S. stock market opens with declines:
- S&P 500: -0.57%
- NASDAQ: -0.69%
- Dow: -0.52% 📊🇺🇸 #StockMarketTrends 📈📉

Australian Stock Exchange Considers Spot Bitcoin ETFs by Year-End

Australia's main stock exchange, ASX, might list its first approved Bitcoin #ETFs✅ directly tied to Bitcoin's price by the end of this year, according to Bloomberg.

Applications submitted: Several firms, including VanEck, BetaShares, and DigitalX, have already applied for these ETFs earlier this year.

ASX dominance: ASX controls roughly 80% of Australian stock trading and boasted a domestic market value of $2.73 trillion in March.

Existing options: Australian investors have already had access to spot Bitcoin ETFs for a while, though currently traded on CBOE Australia.

#Australia #StockMarketTrends

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MicroStrategy & Galaxy Digital this week invested on below stocks. extremely #BullishMovement #FutureIsHere
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I know some folks here are die-hard crypto-only guys. That is fine, I buy a lot of degen coins that are tiny or meme coins as well... BUt I also diversify my risks with properties and gold and stocks, in different industries and countries. And thanks to this prining and borrowing PUMP by the Fed, almost every major stock market you look at is near ATHs. US, EU, Japan, India, Australia, etc..... Except China and HK are near teh bottom, for reasons I've explained many times before already. And if you are looking at the Magnificent stocks such as NVDA and you wish you bought it like 10 years ago, because it has outperformed Bitcoin in most of those years.... then the place to look for the next Magnificent Seven and at very cheap prices is in China/HK. This SMIC for exmaple could become a major competitor to TSMC in the chip-making field, where all the NVDA GPUs are made.... They are now the number 2 chip maker in the world and they have never placed 2nd or 3rd before.... and this is especailly amazing considering they have been banned by US for a number of years now.... I actually don't care if you ignore these China/Hk stocks. But for the folks in the discord who would listen to reason, just think about where these Chinese companies are gonna be in a few years.... you didn't think Tiktok or BYD was gonna be this competitive either, but I am saying to you that there will be a number of these kind of companies, and they are still in a bear bottom range for now. NFA DYOR. #StockMarketTrends

The market is stagnant right now, that is due to the stock market recovering from the fear of a recession that wiped billions off the stock market
if you plan to invest in suggest you get some $BTC $SOL $BNB those are the ones that have the most potential other than that it’s mostly small gains and high losses #Bitcoin❗ #StockMarketTrends

Dont miss important news from last week!
This might impact your assets.

In the past week, the crypto market had some interesting news. Let me summarize those points for you:
🔵FTX and Tax Settlement with IRS: FTX exchange reached an agreement with the IRS to settle a $24 billion tax claim.
🔵New Exchanges: BlackRock and Citadelle are planning to launch new exchanges.
🔵Bitstamp Acquisition: Robinhood intends to acquire Bitstamp exchange.
🔵Cryptocurrency Payments via Mastercard: Binance has reinstated cryptocurrency payments via Mastercard.
🔵FTX Creditors Reject Restructuring Proposal: FTX creditors rejected a proposed restructuring plan.

#BTC☀
#CryptoNewss
#StockMarketTrends
#Robinhood

#Write&Earn

#bitcoinhalving #StockMarketTrends

Let's talks about the performance of the stock market on April 18th, 2024. The major stock indexes all went down. S&P 500 lost its gains for the fifth day in a row, the longest losing streak of the year.

NASDAQ is also on a losing streak, and if it closes lower for the week, it will be the fourth straight week, the longest streak since December of 2022. The Dow had been up earlier in the day but gave back all of its gains by the end.

The reason for the market drop is hawkish remarks from Federal Reserve presidents regarding rates. They indicated that there might not be any rate cuts this year. Besides the news about interest rates, Philly Fed manufacturing data came in much stronger than expected. Weekly jobless claims remained unchanged.