Source: nrqemi / Shutterstock.com Nio (NYSE:NIO), Xpeng (NYSE:XPEV) and Li Auto (NASDAQ:LI) are all driving higher on Wednesday. That’s as Chinese electric vehicle (EV) stocks all seem to have found a burst of bullish momentum. Li Auto is up more than 9% on the day, while Nio is higher by 10%. Xpeng leads the trio…
Tag: NYSEARCA:FXI
Why Are Chinese EV Stocks Up Today?
Across the board, stocks are ripping higher. Notably, high-growth, tech and electric vehicle (EV) stocks are enjoying strong gains over the last few days. For the first time in ages, that also includes Chinese EV stocks. Nio (NYSE:NIO) is up about 11% on Friday, while Xpeng (NYSE:XPEV) is up more than 18%. Today’s performance follows…
XPeng Stock Has Both Short and Long-Term Strength Today
The Chinese equity market has had a tough time this year. The troubles started last year, seemingly from antagonistic comments Jack Ma, the founder of Alibaba (NYSE:BABA), made. The local government there then went on a campaign of punishing large companies. In the process they decimated their stocks by imposing a slew of stricter policies.…
Baidu Stock Continues to Be a Long-Term Success Story
Technically, the problems for Baidu (NASDAQ:BIDU) stock started in May of 2019. It lost footing there and launched a bearish pattern with a potential 60% downside drop. BIDU stock almost filled the entire thing as it tumbled 50% thereafter. Source: StreetVJ / Shutterstock.com It stopped just shy of the ideal crash target, and finally bottomed…
There’s Only One Way to Trade Alibaba Stock Here
Anytime I’ve written about Alibaba (NYSE:BABA) this year, the analysis and conclusion have been virtually identical. Chinese stocks are out of favor, large-caps like BABA stock are suffering alongside their smaller brethren, and the price trends across the board look like a bloody horror flick. Source: zhu difeng / Shutterstock.com Sure, the details have varied,…
Baidu Shares Are a Bargain Now, But Not for Long
Another day on Wall Street and another record broken. The indices are in the hands of the bulls. The exception to the exuberance lately lies with the Chinese equities. The iShares China Large-Cap ETF (NYSEARCA:FXI) and Alibaba (NYSE:BABA) stocks are down 15% and 30% since February. Baidu (NASDAQ:BIDU) stock has it even worse, down almost…
Alibaba Is Long Overdue for a Bounce
The recovery out of the pandemic for most major tech stocks has been extraordinary. Companies like Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOGL,(NASDAQ:GOOG)) are breaking records. Meanwhile Alibaba (NYSE:BABA) stock is almost back to the starting gate. Source: Nopparat Khokthong / Shutterstock.com This is not a true tell on how well the company…