Stop buying XPeng stock, J.P. Morgan says

Dow Jones2023-01-11

MW Stop buying XPeng stock, J.P. Morgan says

By Tomi Kilgore

EV maker downgraded as market has priced in a too-rosy COVID-reopening scenario

Shares of XPeng Inc. fell Wednesday, after J.P. Morgan backed away from its bullish call on the China-based electric vehicle maker, saying the COVID-related reopening trade has been overdone.

Analyst Nick Lai said with China's recent relaxation of COVID-related restrictions, the reopening trade in auto stocks has been playing out rapidly. And as earnings expectations have yet to catch up, he fears the reopening rally could "run out of steam" in the near term.

"[W]e note the recent rally has priced in a rosy scenario while corporate earnings and underlying industry data are still lagging," Lai wrote in a note to clients.

XPeng's stock $(XPEV)$ shed 0.4% in premarket trading Wednesday. Through Tuesday, the stock had rocketed 57.4% since closing at a record low of $6.41 on Nov. 1.

Lai said he believes the stock's rally has largely priced in a recovery outlook from the second quarter of 2023, while he's concerned about possible cuts to consensus estimates.

He downgraded XPeng to neutral from overweight, and cut his stock price target to $9 from $11.

Lai also cut his 2023 delivery estimate to 155,000 vehicles from 210,000, and said margins could be hit hard, especially in the first quarter as a result of new energy vehicle $(NEV)$ subsidy shortfalls.

Overall, Lai said he remains "constructive" on the NEV market in 2023, although he expects the growth rate will decelerate to 20% from 80% in 2022. While he believes XPeng will benefit from the rising trend, he's concerned about fierce pricing competition in the mass market in China, as evidenced by recent further price cuts by Tesla Inc. $(TSLA)$, which he expects will weigh on XPeng's profitability.

For rival Nio Inc. $(NIO)$, Lai cut his 2023 delivery estimate to 200,000 vehicles from 240,000 vehicles, but kept his rating at overweight and his stock price target at $14.

Nio's stock rose 1.2% in premarket trading. Through Tuesday, the stock has hiked up 21.5% since closing at a two-year low of $9.25 on Nov. 9.

Over the past 12 months, XPeng shares have plunged 78.0%, Nio's stock has tumbled 62.6% and Tesla's stock has dropped 66.5%, while the S&P 500 index has lost 16.8%.

-Tomi Kilgore

(END) Dow Jones Newswires

January 11, 2023 08:56 ET (13:56 GMT)

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Comments

Mr Mooney
2023-01-12
Mr Mooney
U all don't buy now..We, the firm will buy and sell u later at high price.....[LOL] [LOL]
Jalopy88
2023-01-12
Jalopy88
its downgraded because xpev 2-8Jan deliveries lowest again: Li Auto: 3700+ (PHEV) NIO: 2800+ (BEV) XPEV: 1500+ (BEV)
- Jalopy88:
  Bear in mind Li Auto is Hybrid PHEV
JX Ong
2023-01-12
JX Ong
And they keep adding Xpeng in HK!
Jamjam77
2023-01-11
Jamjam77
This nick lai from Jp Morgan Know thing about manipulation but nothing about ev business ,because he got no experience in business . Bloodily clown taking shit again
Jamjam77
2023-01-11
Jamjam77
All this investor firm is bullshit , trying to scareoff people then buy in dip then say up the price of Xpeng . They think 2023 is stupid as them
Jamjam77
2023-01-11
Jamjam77
Yes you are right , all this investor place is bullshit

Leave a comment

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And as earnings expectations have yet to catch up, he fears the reopening rally could \"run out of steam\" in the near term. \n</p>\n<p>\n  \"[W]e note the recent rally has priced in a rosy scenario while corporate earnings and underlying industry data are still lagging,\" Lai wrote in a note to clients. \n</p>\n<p>\n  XPeng's stock <a href=\"https://laohu8.com/S/XPEV\">$(XPEV)$</a> shed 0.4% in premarket trading Wednesday. Through Tuesday, the stock had rocketed 57.4% since closing at a record low of $6.41 on Nov. 1. \n</p>\n<p>\n  Lai said he believes the stock's rally has largely priced in a recovery outlook from the second quarter of 2023, while he's concerned about possible cuts to consensus estimates. \n</p>\n<p>\n  He downgraded XPeng to neutral from overweight, and cut his stock price target to $9 from $11. \n</p>\n<p>\n  Lai also cut his 2023 delivery estimate to 155,000 vehicles from 210,000, and said margins could be hit hard, especially in the first quarter as a result of new energy vehicle <a href=\"https://laohu8.com/S/NEV\">$(NEV)$</a> subsidy shortfalls. \n</p>\n<p>\n  Overall, Lai said he remains \"constructive\" on the NEV market in 2023, although he expects the growth rate will decelerate to 20% from 80% in 2022. 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Through Tuesday, the stock has hiked up 21.5% since closing at a two-year low of $9.25 on Nov. 9. \n</p>\n<p>\n  Over the past 12 months, XPeng shares have plunged 78.0%, Nio's stock has tumbled 62.6% and Tesla's stock has dropped 66.5%, while the S&amp;P 500 index  has lost 16.8%. \n</p>\n<p>\n  -Tomi Kilgore \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 11, 2023 08:56 ET (13:56 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stop buying XPeng stock, J.P. Morgan says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStop buying XPeng stock, J.P. Morgan says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-01-11 21:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Stop buying XPeng stock, J.P. Morgan says\n</p>\n<p>\n  By Tomi Kilgore \n</p>\n<p>\n  EV maker downgraded as market has priced in a too-rosy COVID-reopening scenario \n</p>\n<p>\n  Shares of XPeng Inc. fell Wednesday, after J.P. Morgan backed away from its bullish call on the China-based electric vehicle maker, saying the COVID-related reopening trade has been overdone. \n</p>\n<p>\n  Analyst Nick Lai said with China's recent relaxation of COVID-related restrictions, the reopening trade in auto stocks has been playing out rapidly. And as earnings expectations have yet to catch up, he fears the reopening rally could \"run out of steam\" in the near term. \n</p>\n<p>\n  \"[W]e note the recent rally has priced in a rosy scenario while corporate earnings and underlying industry data are still lagging,\" Lai wrote in a note to clients. \n</p>\n<p>\n  XPeng's stock <a href=\"https://laohu8.com/S/XPEV\">$(XPEV)$</a> shed 0.4% in premarket trading Wednesday. Through Tuesday, the stock had rocketed 57.4% since closing at a record low of $6.41 on Nov. 1. \n</p>\n<p>\n  Lai said he believes the stock's rally has largely priced in a recovery outlook from the second quarter of 2023, while he's concerned about possible cuts to consensus estimates. \n</p>\n<p>\n  He downgraded XPeng to neutral from overweight, and cut his stock price target to $9 from $11. \n</p>\n<p>\n  Lai also cut his 2023 delivery estimate to 155,000 vehicles from 210,000, and said margins could be hit hard, especially in the first quarter as a result of new energy vehicle <a href=\"https://laohu8.com/S/NEV\">$(NEV)$</a> subsidy shortfalls. \n</p>\n<p>\n  Overall, Lai said he remains \"constructive\" on the NEV market in 2023, although he expects the growth rate will decelerate to 20% from 80% in 2022. While he believes XPeng will benefit from the rising trend, he's concerned about fierce pricing competition in the mass market in China, as evidenced by recent further price cuts by Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, which he expects will weigh on XPeng's profitability. \n</p>\n<p>\n  For rival Nio Inc. <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a>, Lai cut his 2023 delivery estimate to 200,000 vehicles from 240,000 vehicles, but kept his rating at overweight and his stock price target at $14. \n</p>\n<p>\n  Nio's stock rose 1.2% in premarket trading. Through Tuesday, the stock has hiked up 21.5% since closing at a two-year low of $9.25 on Nov. 9. \n</p>\n<p>\n  Over the past 12 months, XPeng shares have plunged 78.0%, Nio's stock has tumbled 62.6% and Tesla's stock has dropped 66.5%, while the S&amp;P 500 index  has lost 16.8%. \n</p>\n<p>\n  -Tomi Kilgore \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 11, 2023 08:56 ET (13:56 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BKVL7J92.USD","symbol_name":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2302008455","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2302008455","pubTimestamp":1673445360,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"MW Stop buying XPeng stock, J.P. 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Morgan says\n\n\n  By Tomi Kilgore \n\n\n  EV maker downgraded as market has priced in a too-rosy COVID-reopening scenario \n\n\n  Shares of XPeng Inc. fell Wednesday, after J.P. Morgan backed away from its bullish call on the China-based electric vehicle maker, saying the COVID-related reopening trade has been overdone. \n\n\n  Analyst Nick Lai said with China's recent relaxation of COVID-related restrictions, the reopening trade in auto stocks has been playing out rapidly. And as earnings expectations have yet to catch up, he fears the reopening rally could \"run out of steam\" in the near term. \n\n\n  \"[W]e note the recent rally has priced in a rosy scenario while corporate earnings and underlying industry data are still lagging,\" Lai wrote in a note to clients. \n\n\n  XPeng's stock $(XPEV)$ shed 0.4% in premarket trading Wednesday. Through Tuesday, the stock had rocketed 57.4% since closing at a record low of $6.41 on Nov. 1. \n\n\n  Lai said he believes the stock's rally has largely priced in a recovery outlook from the second quarter of 2023, while he's concerned about possible cuts to consensus estimates. \n\n\n  He downgraded XPeng to neutral from overweight, and cut his stock price target to $9 from $11. \n\n\n  Lai also cut his 2023 delivery estimate to 155,000 vehicles from 210,000, and said margins could be hit hard, especially in the first quarter as a result of new energy vehicle $(NEV)$ subsidy shortfalls. \n\n\n  Overall, Lai said he remains \"constructive\" on the NEV market in 2023, although he expects the growth rate will decelerate to 20% from 80% in 2022. While he believes XPeng will benefit from the rising trend, he's concerned about fierce pricing competition in the mass market in China, as evidenced by recent further price cuts by Tesla Inc. $(TSLA)$, which he expects will weigh on XPeng's profitability. \n\n\n  For rival Nio Inc. $(NIO)$, Lai cut his 2023 delivery estimate to 200,000 vehicles from 240,000 vehicles, but kept his rating at overweight and his stock price target at $14. \n\n\n  Nio's stock rose 1.2% in premarket trading. Through Tuesday, the stock has hiked up 21.5% since closing at a two-year low of $9.25 on Nov. 9. \n\n\n  Over the past 12 months, XPeng shares have plunged 78.0%, Nio's stock has tumbled 62.6% and Tesla's stock has dropped 66.5%, while the S&P 500 index  has lost 16.8%. \n\n\n  -Tomi Kilgore \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 11, 2023 08:56 ET (13:56 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[{"id":9951595700,"gmtCreate":1673511761900,"gmtModify":1676538848638,"author":{"id":"3583044537429562","authorId":"3583044537429562","name":"Mr Mooney","avatar":"https://community-static.tradeup.com/news/6836340f20d36afa666f6d8d4b0a929d","vip":1,"crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3583044537429562","idStr":"3583044537429562"},"htmlText":"U all don't buy now..We, the firm will buy and sell u later at high price.....[LOL]&nbsp;[LOL]&nbsp;","listText":"U all don't buy now..We, the firm will buy and sell u later at high price.....[LOL]&nbsp;[LOL]&nbsp;","text":"U all don't buy now..We, the firm will buy and sell u later at high price.....[LOL] [LOL]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951595700","repostId":2302008455,"repostType":2,"repost":{"id":"2302008455","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1673445360,"share":"https://ttm.financial/m/news/2302008455?lang=en_US&edition=fundamental","pubTime":"2023-01-11 21:56","market":"hk","language":"en","title":"Stop buying XPeng stock, J.P. Morgan says","url":"https://stock-news.laohu8.com/highlight/detail?id=2302008455","media":"Dow Jones","summary":"MW Stop buying XPeng stock, J.P. Morgan says\n\n\n  By Tomi Kilgore \n\n\n  EV maker downgraded as market ","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Stop buying XPeng stock, J.P. Morgan says\n</p>\n<p>\n  By Tomi Kilgore \n</p>\n<p>\n  EV maker downgraded as market has priced in a too-rosy COVID-reopening scenario \n</p>\n<p>\n  Shares of XPeng Inc. fell Wednesday, after J.P. Morgan backed away from its bullish call on the China-based electric vehicle maker, saying the COVID-related reopening trade has been overdone. \n</p>\n<p>\n  Analyst Nick Lai said with China's recent relaxation of COVID-related restrictions, the reopening trade in auto stocks has been playing out rapidly. And as earnings expectations have yet to catch up, he fears the reopening rally could \"run out of steam\" in the near term. \n</p>\n<p>\n  \"[W]e note the recent rally has priced in a rosy scenario while corporate earnings and underlying industry data are still lagging,\" Lai wrote in a note to clients. \n</p>\n<p>\n  XPeng's stock <a href=\"https://laohu8.com/S/XPEV\">$(XPEV)$</a> shed 0.4% in premarket trading Wednesday. Through Tuesday, the stock had rocketed 57.4% since closing at a record low of $6.41 on Nov. 1. \n</p>\n<p>\n  Lai said he believes the stock's rally has largely priced in a recovery outlook from the second quarter of 2023, while he's concerned about possible cuts to consensus estimates. \n</p>\n<p>\n  He downgraded XPeng to neutral from overweight, and cut his stock price target to $9 from $11. \n</p>\n<p>\n  Lai also cut his 2023 delivery estimate to 155,000 vehicles from 210,000, and said margins could be hit hard, especially in the first quarter as a result of new energy vehicle <a href=\"https://laohu8.com/S/NEV\">$(NEV)$</a> subsidy shortfalls. \n</p>\n<p>\n  Overall, Lai said he remains \"constructive\" on the NEV market in 2023, although he expects the growth rate will decelerate to 20% from 80% in 2022. While he believes XPeng will benefit from the rising trend, he's concerned about fierce pricing competition in the mass market in China, as evidenced by recent further price cuts by Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, which he expects will weigh on XPeng's profitability. \n</p>\n<p>\n  For rival Nio Inc. <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a>, Lai cut his 2023 delivery estimate to 200,000 vehicles from 240,000 vehicles, but kept his rating at overweight and his stock price target at $14. \n</p>\n<p>\n  Nio's stock rose 1.2% in premarket trading. Through Tuesday, the stock has hiked up 21.5% since closing at a two-year low of $9.25 on Nov. 9. \n</p>\n<p>\n  Over the past 12 months, XPeng shares have plunged 78.0%, Nio's stock has tumbled 62.6% and Tesla's stock has dropped 66.5%, while the S&amp;P 500 index  has lost 16.8%. \n</p>\n<p>\n  -Tomi Kilgore \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 11, 2023 08:56 ET (13:56 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stop buying XPeng stock, J.P. Morgan says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStop buying XPeng stock, J.P. Morgan says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-01-11 21:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Stop buying XPeng stock, J.P. Morgan says\n</p>\n<p>\n  By Tomi Kilgore \n</p>\n<p>\n  EV maker downgraded as market has priced in a too-rosy COVID-reopening scenario \n</p>\n<p>\n  Shares of XPeng Inc. fell Wednesday, after J.P. Morgan backed away from its bullish call on the China-based electric vehicle maker, saying the COVID-related reopening trade has been overdone. \n</p>\n<p>\n  Analyst Nick Lai said with China's recent relaxation of COVID-related restrictions, the reopening trade in auto stocks has been playing out rapidly. And as earnings expectations have yet to catch up, he fears the reopening rally could \"run out of steam\" in the near term. \n</p>\n<p>\n  \"[W]e note the recent rally has priced in a rosy scenario while corporate earnings and underlying industry data are still lagging,\" Lai wrote in a note to clients. \n</p>\n<p>\n  XPeng's stock <a href=\"https://laohu8.com/S/XPEV\">$(XPEV)$</a> shed 0.4% in premarket trading Wednesday. Through Tuesday, the stock had rocketed 57.4% since closing at a record low of $6.41 on Nov. 1. \n</p>\n<p>\n  Lai said he believes the stock's rally has largely priced in a recovery outlook from the second quarter of 2023, while he's concerned about possible cuts to consensus estimates. \n</p>\n<p>\n  He downgraded XPeng to neutral from overweight, and cut his stock price target to $9 from $11. \n</p>\n<p>\n  Lai also cut his 2023 delivery estimate to 155,000 vehicles from 210,000, and said margins could be hit hard, especially in the first quarter as a result of new energy vehicle <a href=\"https://laohu8.com/S/NEV\">$(NEV)$</a> subsidy shortfalls. \n</p>\n<p>\n  Overall, Lai said he remains \"constructive\" on the NEV market in 2023, although he expects the growth rate will decelerate to 20% from 80% in 2022. While he believes XPeng will benefit from the rising trend, he's concerned about fierce pricing competition in the mass market in China, as evidenced by recent further price cuts by Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, which he expects will weigh on XPeng's profitability. \n</p>\n<p>\n  For rival Nio Inc. <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a>, Lai cut his 2023 delivery estimate to 200,000 vehicles from 240,000 vehicles, but kept his rating at overweight and his stock price target at $14. \n</p>\n<p>\n  Nio's stock rose 1.2% in premarket trading. Through Tuesday, the stock has hiked up 21.5% since closing at a two-year low of $9.25 on Nov. 9. \n</p>\n<p>\n  Over the past 12 months, XPeng shares have plunged 78.0%, Nio's stock has tumbled 62.6% and Tesla's stock has dropped 66.5%, while the S&amp;P 500 index  has lost 16.8%. \n</p>\n<p>\n  -Tomi Kilgore \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 11, 2023 08:56 ET (13:56 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4548":"巴美列捷福持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","BK4574":"无人驾驶","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4532":"文艺复兴科技持仓","09866":"蔚来-SW","LU1548497426.USD":"安联环球人工智能AT Acc","LU0971096721.USD":"富达环球金融服务 A","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","BK4527":"明星科技股","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4531":"中概回港概念","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0052750758.USD":"富兰克林中国基金A Acc","BK4099":"汽车制造商","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU0823411888.USD":"法巴消费创新基金 Cap","BK4585":"ETF&股票定投概念","BK4511":"特斯拉概念","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0106831901.USD":"贝莱德世界金融基金A2","NIO.SI":"蔚来","BK4555":"新能源车","LU0056508442.USD":"贝莱德世界科技基金A2","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4505":"高瓴资本持仓","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","MS":"摩根士丹利","BK4504":"桥水持仓","BK4550":"红杉资本持仓","NIO":"蔚来","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU2063271972.USD":"富兰克林创新领域基金","XPEV":"小鹏汽车"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2302008455","content_text":"MW Stop buying XPeng stock, J.P. Morgan says\n\n\n  By Tomi Kilgore \n\n\n  EV maker downgraded as market has priced in a too-rosy COVID-reopening scenario \n\n\n  Shares of XPeng Inc. fell Wednesday, after J.P. Morgan backed away from its bullish call on the China-based electric vehicle maker, saying the COVID-related reopening trade has been overdone. \n\n\n  Analyst Nick Lai said with China's recent relaxation of COVID-related restrictions, the reopening trade in auto stocks has been playing out rapidly. And as earnings expectations have yet to catch up, he fears the reopening rally could \"run out of steam\" in the near term. \n\n\n  \"[W]e note the recent rally has priced in a rosy scenario while corporate earnings and underlying industry data are still lagging,\" Lai wrote in a note to clients. \n\n\n  XPeng's stock $(XPEV)$ shed 0.4% in premarket trading Wednesday. Through Tuesday, the stock had rocketed 57.4% since closing at a record low of $6.41 on Nov. 1. \n\n\n  Lai said he believes the stock's rally has largely priced in a recovery outlook from the second quarter of 2023, while he's concerned about possible cuts to consensus estimates. \n\n\n  He downgraded XPeng to neutral from overweight, and cut his stock price target to $9 from $11. \n\n\n  Lai also cut his 2023 delivery estimate to 155,000 vehicles from 210,000, and said margins could be hit hard, especially in the first quarter as a result of new energy vehicle $(NEV)$ subsidy shortfalls. \n\n\n  Overall, Lai said he remains \"constructive\" on the NEV market in 2023, although he expects the growth rate will decelerate to 20% from 80% in 2022. While he believes XPeng will benefit from the rising trend, he's concerned about fierce pricing competition in the mass market in China, as evidenced by recent further price cuts by Tesla Inc. $(TSLA)$, which he expects will weigh on XPeng's profitability. \n\n\n  For rival Nio Inc. $(NIO)$, Lai cut his 2023 delivery estimate to 200,000 vehicles from 240,000 vehicles, but kept his rating at overweight and his stock price target at $14. \n\n\n  Nio's stock rose 1.2% in premarket trading. Through Tuesday, the stock has hiked up 21.5% since closing at a two-year low of $9.25 on Nov. 9. \n\n\n  Over the past 12 months, XPeng shares have plunged 78.0%, Nio's stock has tumbled 62.6% and Tesla's stock has dropped 66.5%, while the S&P 500 index  has lost 16.8%. \n\n\n  -Tomi Kilgore \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 11, 2023 08:56 ET (13:56 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","news_type":1,"symbols_score_info":{"NIO":0.9,"09866":0.6,"XPEV":0.9,"NIO.SI":0.6,"MS":1,"EVS.SI":0.6}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9951685870,"gmtCreate":1673476809790,"gmtModify":1676538842055,"author":{"id":"3584079457608282","authorId":"3584079457608282","name":"Jalopy88","avatar":"https://community-static.tradeup.com/news/4f96275867e9fcc09f90747c0edcd143","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":12,"crmLevelSwitch":1,"authorIdStr":"3584079457608282","idStr":"3584079457608282"},"htmlText":"its downgraded because xpev&nbsp;2-8Jan deliveries lowest again: Li Auto: 3700+ (PHEV) NIO: 2800+ (BEV) XPEV: 1500+ (BEV)","listText":"its downgraded because xpev&nbsp;2-8Jan deliveries lowest again: Li Auto: 3700+ (PHEV) NIO: 2800+ (BEV) XPEV: 1500+ (BEV)","text":"its downgraded because xpev 2-8Jan deliveries lowest again: Li Auto: 3700+ (PHEV) NIO: 2800+ (BEV) XPEV: 1500+ (BEV)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9951685870","repostId":2302008455,"repostType":2,"repost":{"id":"2302008455","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1673445360,"share":"https://ttm.financial/m/news/2302008455?lang=en_US&edition=fundamental","pubTime":"2023-01-11 21:56","market":"hk","language":"en","title":"Stop buying XPeng stock, J.P. Morgan says","url":"https://stock-news.laohu8.com/highlight/detail?id=2302008455","media":"Dow Jones","summary":"MW Stop buying XPeng stock, J.P. Morgan says\n\n\n  By Tomi Kilgore \n\n\n  EV maker downgraded as market ","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Stop buying XPeng stock, J.P. Morgan says\n</p>\n<p>\n  By Tomi Kilgore \n</p>\n<p>\n  EV maker downgraded as market has priced in a too-rosy COVID-reopening scenario \n</p>\n<p>\n  Shares of XPeng Inc. fell Wednesday, after J.P. Morgan backed away from its bullish call on the China-based electric vehicle maker, saying the COVID-related reopening trade has been overdone. \n</p>\n<p>\n  Analyst Nick Lai said with China's recent relaxation of COVID-related restrictions, the reopening trade in auto stocks has been playing out rapidly. And as earnings expectations have yet to catch up, he fears the reopening rally could \"run out of steam\" in the near term. \n</p>\n<p>\n  \"[W]e note the recent rally has priced in a rosy scenario while corporate earnings and underlying industry data are still lagging,\" Lai wrote in a note to clients. \n</p>\n<p>\n  XPeng's stock <a href=\"https://laohu8.com/S/XPEV\">$(XPEV)$</a> shed 0.4% in premarket trading Wednesday. Through Tuesday, the stock had rocketed 57.4% since closing at a record low of $6.41 on Nov. 1. \n</p>\n<p>\n  Lai said he believes the stock's rally has largely priced in a recovery outlook from the second quarter of 2023, while he's concerned about possible cuts to consensus estimates. \n</p>\n<p>\n  He downgraded XPeng to neutral from overweight, and cut his stock price target to $9 from $11. \n</p>\n<p>\n  Lai also cut his 2023 delivery estimate to 155,000 vehicles from 210,000, and said margins could be hit hard, especially in the first quarter as a result of new energy vehicle <a href=\"https://laohu8.com/S/NEV\">$(NEV)$</a> subsidy shortfalls. \n</p>\n<p>\n  Overall, Lai said he remains \"constructive\" on the NEV market in 2023, although he expects the growth rate will decelerate to 20% from 80% in 2022. While he believes XPeng will benefit from the rising trend, he's concerned about fierce pricing competition in the mass market in China, as evidenced by recent further price cuts by Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, which he expects will weigh on XPeng's profitability. \n</p>\n<p>\n  For rival Nio Inc. <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a>, Lai cut his 2023 delivery estimate to 200,000 vehicles from 240,000 vehicles, but kept his rating at overweight and his stock price target at $14. \n</p>\n<p>\n  Nio's stock rose 1.2% in premarket trading. Through Tuesday, the stock has hiked up 21.5% since closing at a two-year low of $9.25 on Nov. 9. \n</p>\n<p>\n  Over the past 12 months, XPeng shares have plunged 78.0%, Nio's stock has tumbled 62.6% and Tesla's stock has dropped 66.5%, while the S&amp;P 500 index  has lost 16.8%. \n</p>\n<p>\n  -Tomi Kilgore \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 11, 2023 08:56 ET (13:56 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stop buying XPeng stock, J.P. Morgan says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStop buying XPeng stock, J.P. Morgan says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-01-11 21:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Stop buying XPeng stock, J.P. Morgan says\n</p>\n<p>\n  By Tomi Kilgore \n</p>\n<p>\n  EV maker downgraded as market has priced in a too-rosy COVID-reopening scenario \n</p>\n<p>\n  Shares of XPeng Inc. fell Wednesday, after J.P. Morgan backed away from its bullish call on the China-based electric vehicle maker, saying the COVID-related reopening trade has been overdone. \n</p>\n<p>\n  Analyst Nick Lai said with China's recent relaxation of COVID-related restrictions, the reopening trade in auto stocks has been playing out rapidly. And as earnings expectations have yet to catch up, he fears the reopening rally could \"run out of steam\" in the near term. \n</p>\n<p>\n  \"[W]e note the recent rally has priced in a rosy scenario while corporate earnings and underlying industry data are still lagging,\" Lai wrote in a note to clients. \n</p>\n<p>\n  XPeng's stock <a href=\"https://laohu8.com/S/XPEV\">$(XPEV)$</a> shed 0.4% in premarket trading Wednesday. Through Tuesday, the stock had rocketed 57.4% since closing at a record low of $6.41 on Nov. 1. \n</p>\n<p>\n  Lai said he believes the stock's rally has largely priced in a recovery outlook from the second quarter of 2023, while he's concerned about possible cuts to consensus estimates. \n</p>\n<p>\n  He downgraded XPeng to neutral from overweight, and cut his stock price target to $9 from $11. \n</p>\n<p>\n  Lai also cut his 2023 delivery estimate to 155,000 vehicles from 210,000, and said margins could be hit hard, especially in the first quarter as a result of new energy vehicle <a href=\"https://laohu8.com/S/NEV\">$(NEV)$</a> subsidy shortfalls. \n</p>\n<p>\n  Overall, Lai said he remains \"constructive\" on the NEV market in 2023, although he expects the growth rate will decelerate to 20% from 80% in 2022. While he believes XPeng will benefit from the rising trend, he's concerned about fierce pricing competition in the mass market in China, as evidenced by recent further price cuts by Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, which he expects will weigh on XPeng's profitability. \n</p>\n<p>\n  For rival Nio Inc. <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a>, Lai cut his 2023 delivery estimate to 200,000 vehicles from 240,000 vehicles, but kept his rating at overweight and his stock price target at $14. \n</p>\n<p>\n  Nio's stock rose 1.2% in premarket trading. Through Tuesday, the stock has hiked up 21.5% since closing at a two-year low of $9.25 on Nov. 9. \n</p>\n<p>\n  Over the past 12 months, XPeng shares have plunged 78.0%, Nio's stock has tumbled 62.6% and Tesla's stock has dropped 66.5%, while the S&amp;P 500 index  has lost 16.8%. \n</p>\n<p>\n  -Tomi Kilgore \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 11, 2023 08:56 ET (13:56 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4548":"巴美列捷福持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","BK4574":"无人驾驶","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4532":"文艺复兴科技持仓","09866":"蔚来-SW","LU1548497426.USD":"安联环球人工智能AT Acc","LU0971096721.USD":"富达环球金融服务 A","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","BK4527":"明星科技股","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4531":"中概回港概念","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0052750758.USD":"富兰克林中国基金A Acc","BK4099":"汽车制造商","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU0823411888.USD":"法巴消费创新基金 Cap","BK4585":"ETF&股票定投概念","BK4511":"特斯拉概念","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0106831901.USD":"贝莱德世界金融基金A2","NIO.SI":"蔚来","BK4555":"新能源车","LU0056508442.USD":"贝莱德世界科技基金A2","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4505":"高瓴资本持仓","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","MS":"摩根士丹利","BK4504":"桥水持仓","BK4550":"红杉资本持仓","NIO":"蔚来","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU2063271972.USD":"富兰克林创新领域基金","XPEV":"小鹏汽车"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2302008455","content_text":"MW Stop buying XPeng stock, J.P. Morgan says\n\n\n  By Tomi Kilgore \n\n\n  EV maker downgraded as market has priced in a too-rosy COVID-reopening scenario \n\n\n  Shares of XPeng Inc. fell Wednesday, after J.P. Morgan backed away from its bullish call on the China-based electric vehicle maker, saying the COVID-related reopening trade has been overdone. \n\n\n  Analyst Nick Lai said with China's recent relaxation of COVID-related restrictions, the reopening trade in auto stocks has been playing out rapidly. And as earnings expectations have yet to catch up, he fears the reopening rally could \"run out of steam\" in the near term. \n\n\n  \"[W]e note the recent rally has priced in a rosy scenario while corporate earnings and underlying industry data are still lagging,\" Lai wrote in a note to clients. \n\n\n  XPeng's stock $(XPEV)$ shed 0.4% in premarket trading Wednesday. Through Tuesday, the stock had rocketed 57.4% since closing at a record low of $6.41 on Nov. 1. \n\n\n  Lai said he believes the stock's rally has largely priced in a recovery outlook from the second quarter of 2023, while he's concerned about possible cuts to consensus estimates. \n\n\n  He downgraded XPeng to neutral from overweight, and cut his stock price target to $9 from $11. \n\n\n  Lai also cut his 2023 delivery estimate to 155,000 vehicles from 210,000, and said margins could be hit hard, especially in the first quarter as a result of new energy vehicle $(NEV)$ subsidy shortfalls. \n\n\n  Overall, Lai said he remains \"constructive\" on the NEV market in 2023, although he expects the growth rate will decelerate to 20% from 80% in 2022. While he believes XPeng will benefit from the rising trend, he's concerned about fierce pricing competition in the mass market in China, as evidenced by recent further price cuts by Tesla Inc. $(TSLA)$, which he expects will weigh on XPeng's profitability. \n\n\n  For rival Nio Inc. $(NIO)$, Lai cut his 2023 delivery estimate to 200,000 vehicles from 240,000 vehicles, but kept his rating at overweight and his stock price target at $14. \n\n\n  Nio's stock rose 1.2% in premarket trading. Through Tuesday, the stock has hiked up 21.5% since closing at a two-year low of $9.25 on Nov. 9. \n\n\n  Over the past 12 months, XPeng shares have plunged 78.0%, Nio's stock has tumbled 62.6% and Tesla's stock has dropped 66.5%, while the S&P 500 index  has lost 16.8%. \n\n\n  -Tomi Kilgore \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 11, 2023 08:56 ET (13:56 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","news_type":1,"symbols_score_info":{"NIO":0.9,"09866":0.6,"XPEV":0.9,"NIO.SI":0.6,"MS":1,"EVS.SI":0.6}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105535028,"gmtCreate":1673476871522,"gmtModify":1673476886916,"authorId":3584079457608282,"author":{"id":3584079457608282,"idStr":"3584079457608282","authorId":3584079457608282,"name":"Jalopy88","avatar":"https://community-static.tradeup.com/news/4f96275867e9fcc09f90747c0edcd143","vip":1,"crmLevel":12,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9951685870,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Bear in mind Li Auto is Hybrid PHEV</span>","text":"<span class=\"s1\">Bear in mind Li Auto is Hybrid PHEV</span>","html":"<span class=\"s1\">Bear in mind Li Auto is Hybrid PHEV</span>"}],"langContent":"EN"},{"id":9951855208,"gmtCreate":1673453177305,"gmtModify":1676538839780,"author":{"id":"4094357191149750","authorId":"4094357191149750","name":"JX Ong","avatar":"https://static.tigerbbs.com/6ca75f1304a0e4e8741469c457b092aa","vip":1,"crmLevel":11,"crmLevelSwitch":1,"authorIdStr":"4094357191149750","idStr":"4094357191149750"},"htmlText":"And they keep adding Xpeng in HK!&nbsp;","listText":"And they keep adding Xpeng in HK!&nbsp;","text":"And they keep adding Xpeng in HK!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951855208","repostId":2302008455,"repostType":2,"repost":{"id":"2302008455","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1673445360,"share":"https://ttm.financial/m/news/2302008455?lang=en_US&edition=fundamental","pubTime":"2023-01-11 21:56","market":"hk","language":"en","title":"Stop buying XPeng stock, J.P. Morgan says","url":"https://stock-news.laohu8.com/highlight/detail?id=2302008455","media":"Dow Jones","summary":"MW Stop buying XPeng stock, J.P. Morgan says\n\n\n  By Tomi Kilgore \n\n\n  EV maker downgraded as market ","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Stop buying XPeng stock, J.P. Morgan says\n</p>\n<p>\n  By Tomi Kilgore \n</p>\n<p>\n  EV maker downgraded as market has priced in a too-rosy COVID-reopening scenario \n</p>\n<p>\n  Shares of XPeng Inc. fell Wednesday, after J.P. Morgan backed away from its bullish call on the China-based electric vehicle maker, saying the COVID-related reopening trade has been overdone. \n</p>\n<p>\n  Analyst Nick Lai said with China's recent relaxation of COVID-related restrictions, the reopening trade in auto stocks has been playing out rapidly. And as earnings expectations have yet to catch up, he fears the reopening rally could \"run out of steam\" in the near term. \n</p>\n<p>\n  \"[W]e note the recent rally has priced in a rosy scenario while corporate earnings and underlying industry data are still lagging,\" Lai wrote in a note to clients. \n</p>\n<p>\n  XPeng's stock <a href=\"https://laohu8.com/S/XPEV\">$(XPEV)$</a> shed 0.4% in premarket trading Wednesday. Through Tuesday, the stock had rocketed 57.4% since closing at a record low of $6.41 on Nov. 1. \n</p>\n<p>\n  Lai said he believes the stock's rally has largely priced in a recovery outlook from the second quarter of 2023, while he's concerned about possible cuts to consensus estimates. \n</p>\n<p>\n  He downgraded XPeng to neutral from overweight, and cut his stock price target to $9 from $11. \n</p>\n<p>\n  Lai also cut his 2023 delivery estimate to 155,000 vehicles from 210,000, and said margins could be hit hard, especially in the first quarter as a result of new energy vehicle <a href=\"https://laohu8.com/S/NEV\">$(NEV)$</a> subsidy shortfalls. \n</p>\n<p>\n  Overall, Lai said he remains \"constructive\" on the NEV market in 2023, although he expects the growth rate will decelerate to 20% from 80% in 2022. While he believes XPeng will benefit from the rising trend, he's concerned about fierce pricing competition in the mass market in China, as evidenced by recent further price cuts by Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, which he expects will weigh on XPeng's profitability. \n</p>\n<p>\n  For rival Nio Inc. <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a>, Lai cut his 2023 delivery estimate to 200,000 vehicles from 240,000 vehicles, but kept his rating at overweight and his stock price target at $14. \n</p>\n<p>\n  Nio's stock rose 1.2% in premarket trading. Through Tuesday, the stock has hiked up 21.5% since closing at a two-year low of $9.25 on Nov. 9. \n</p>\n<p>\n  Over the past 12 months, XPeng shares have plunged 78.0%, Nio's stock has tumbled 62.6% and Tesla's stock has dropped 66.5%, while the S&amp;P 500 index  has lost 16.8%. \n</p>\n<p>\n  -Tomi Kilgore \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 11, 2023 08:56 ET (13:56 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stop buying XPeng stock, J.P. Morgan says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStop buying XPeng stock, J.P. Morgan says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-01-11 21:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Stop buying XPeng stock, J.P. Morgan says\n</p>\n<p>\n  By Tomi Kilgore \n</p>\n<p>\n  EV maker downgraded as market has priced in a too-rosy COVID-reopening scenario \n</p>\n<p>\n  Shares of XPeng Inc. fell Wednesday, after J.P. Morgan backed away from its bullish call on the China-based electric vehicle maker, saying the COVID-related reopening trade has been overdone. \n</p>\n<p>\n  Analyst Nick Lai said with China's recent relaxation of COVID-related restrictions, the reopening trade in auto stocks has been playing out rapidly. And as earnings expectations have yet to catch up, he fears the reopening rally could \"run out of steam\" in the near term. \n</p>\n<p>\n  \"[W]e note the recent rally has priced in a rosy scenario while corporate earnings and underlying industry data are still lagging,\" Lai wrote in a note to clients. \n</p>\n<p>\n  XPeng's stock <a href=\"https://laohu8.com/S/XPEV\">$(XPEV)$</a> shed 0.4% in premarket trading Wednesday. Through Tuesday, the stock had rocketed 57.4% since closing at a record low of $6.41 on Nov. 1. \n</p>\n<p>\n  Lai said he believes the stock's rally has largely priced in a recovery outlook from the second quarter of 2023, while he's concerned about possible cuts to consensus estimates. \n</p>\n<p>\n  He downgraded XPeng to neutral from overweight, and cut his stock price target to $9 from $11. \n</p>\n<p>\n  Lai also cut his 2023 delivery estimate to 155,000 vehicles from 210,000, and said margins could be hit hard, especially in the first quarter as a result of new energy vehicle <a href=\"https://laohu8.com/S/NEV\">$(NEV)$</a> subsidy shortfalls. \n</p>\n<p>\n  Overall, Lai said he remains \"constructive\" on the NEV market in 2023, although he expects the growth rate will decelerate to 20% from 80% in 2022. While he believes XPeng will benefit from the rising trend, he's concerned about fierce pricing competition in the mass market in China, as evidenced by recent further price cuts by Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, which he expects will weigh on XPeng's profitability. \n</p>\n<p>\n  For rival Nio Inc. <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a>, Lai cut his 2023 delivery estimate to 200,000 vehicles from 240,000 vehicles, but kept his rating at overweight and his stock price target at $14. \n</p>\n<p>\n  Nio's stock rose 1.2% in premarket trading. Through Tuesday, the stock has hiked up 21.5% since closing at a two-year low of $9.25 on Nov. 9. \n</p>\n<p>\n  Over the past 12 months, XPeng shares have plunged 78.0%, Nio's stock has tumbled 62.6% and Tesla's stock has dropped 66.5%, while the S&amp;P 500 index  has lost 16.8%. \n</p>\n<p>\n  -Tomi Kilgore \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 11, 2023 08:56 ET (13:56 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4548":"巴美列捷福持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","BK4574":"无人驾驶","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4532":"文艺复兴科技持仓","09866":"蔚来-SW","LU1548497426.USD":"安联环球人工智能AT Acc","LU0971096721.USD":"富达环球金融服务 A","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","BK4527":"明星科技股","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4531":"中概回港概念","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0052750758.USD":"富兰克林中国基金A Acc","BK4099":"汽车制造商","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU0823411888.USD":"法巴消费创新基金 Cap","BK4585":"ETF&股票定投概念","BK4511":"特斯拉概念","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0106831901.USD":"贝莱德世界金融基金A2","NIO.SI":"蔚来","BK4555":"新能源车","LU0056508442.USD":"贝莱德世界科技基金A2","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4505":"高瓴资本持仓","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","MS":"摩根士丹利","BK4504":"桥水持仓","BK4550":"红杉资本持仓","NIO":"蔚来","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU2063271972.USD":"富兰克林创新领域基金","XPEV":"小鹏汽车"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2302008455","content_text":"MW Stop buying XPeng stock, J.P. Morgan says\n\n\n  By Tomi Kilgore \n\n\n  EV maker downgraded as market has priced in a too-rosy COVID-reopening scenario \n\n\n  Shares of XPeng Inc. fell Wednesday, after J.P. Morgan backed away from its bullish call on the China-based electric vehicle maker, saying the COVID-related reopening trade has been overdone. \n\n\n  Analyst Nick Lai said with China's recent relaxation of COVID-related restrictions, the reopening trade in auto stocks has been playing out rapidly. And as earnings expectations have yet to catch up, he fears the reopening rally could \"run out of steam\" in the near term. \n\n\n  \"[W]e note the recent rally has priced in a rosy scenario while corporate earnings and underlying industry data are still lagging,\" Lai wrote in a note to clients. \n\n\n  XPeng's stock $(XPEV)$ shed 0.4% in premarket trading Wednesday. Through Tuesday, the stock had rocketed 57.4% since closing at a record low of $6.41 on Nov. 1. \n\n\n  Lai said he believes the stock's rally has largely priced in a recovery outlook from the second quarter of 2023, while he's concerned about possible cuts to consensus estimates. \n\n\n  He downgraded XPeng to neutral from overweight, and cut his stock price target to $9 from $11. \n\n\n  Lai also cut his 2023 delivery estimate to 155,000 vehicles from 210,000, and said margins could be hit hard, especially in the first quarter as a result of new energy vehicle $(NEV)$ subsidy shortfalls. \n\n\n  Overall, Lai said he remains \"constructive\" on the NEV market in 2023, although he expects the growth rate will decelerate to 20% from 80% in 2022. While he believes XPeng will benefit from the rising trend, he's concerned about fierce pricing competition in the mass market in China, as evidenced by recent further price cuts by Tesla Inc. $(TSLA)$, which he expects will weigh on XPeng's profitability. \n\n\n  For rival Nio Inc. $(NIO)$, Lai cut his 2023 delivery estimate to 200,000 vehicles from 240,000 vehicles, but kept his rating at overweight and his stock price target at $14. \n\n\n  Nio's stock rose 1.2% in premarket trading. Through Tuesday, the stock has hiked up 21.5% since closing at a two-year low of $9.25 on Nov. 9. \n\n\n  Over the past 12 months, XPeng shares have plunged 78.0%, Nio's stock has tumbled 62.6% and Tesla's stock has dropped 66.5%, while the S&P 500 index  has lost 16.8%. \n\n\n  -Tomi Kilgore \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 11, 2023 08:56 ET (13:56 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","news_type":1,"symbols_score_info":{"NIO":0.9,"09866":0.6,"XPEV":0.9,"NIO.SI":0.6,"MS":1,"EVS.SI":0.6}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9951866265,"gmtCreate":1673449875057,"gmtModify":1676538838798,"author":{"id":"4123969118936632","authorId":"4123969118936632","name":"Jamjam77","avatar":"https://community-static.tradeup.com/news/d4d2f96020de22713e4f071efa05a6bd","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":12,"crmLevelSwitch":1,"authorIdStr":"4123969118936632","idStr":"4123969118936632"},"htmlText":"This nick lai from Jp&nbsp;Morgan Know thing about manipulation but nothing about ev business ,because he got no experience in business . Bloodily clown taking shit again&nbsp;","listText":"This nick lai from Jp&nbsp;Morgan Know thing about manipulation but nothing about ev business ,because he got no experience in business . Bloodily clown taking shit again&nbsp;","text":"This nick lai from Jp Morgan Know thing about manipulation but nothing about ev business ,because he got no experience in business . Bloodily clown taking shit again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951866265","repostId":2302008455,"repostType":2,"repost":{"id":"2302008455","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1673445360,"share":"https://ttm.financial/m/news/2302008455?lang=en_US&edition=fundamental","pubTime":"2023-01-11 21:56","market":"hk","language":"en","title":"Stop buying XPeng stock, J.P. Morgan says","url":"https://stock-news.laohu8.com/highlight/detail?id=2302008455","media":"Dow Jones","summary":"MW Stop buying XPeng stock, J.P. Morgan says\n\n\n  By Tomi Kilgore \n\n\n  EV maker downgraded as market ","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Stop buying XPeng stock, J.P. Morgan says\n</p>\n<p>\n  By Tomi Kilgore \n</p>\n<p>\n  EV maker downgraded as market has priced in a too-rosy COVID-reopening scenario \n</p>\n<p>\n  Shares of XPeng Inc. fell Wednesday, after J.P. Morgan backed away from its bullish call on the China-based electric vehicle maker, saying the COVID-related reopening trade has been overdone. \n</p>\n<p>\n  Analyst Nick Lai said with China's recent relaxation of COVID-related restrictions, the reopening trade in auto stocks has been playing out rapidly. And as earnings expectations have yet to catch up, he fears the reopening rally could \"run out of steam\" in the near term. \n</p>\n<p>\n  \"[W]e note the recent rally has priced in a rosy scenario while corporate earnings and underlying industry data are still lagging,\" Lai wrote in a note to clients. \n</p>\n<p>\n  XPeng's stock <a href=\"https://laohu8.com/S/XPEV\">$(XPEV)$</a> shed 0.4% in premarket trading Wednesday. Through Tuesday, the stock had rocketed 57.4% since closing at a record low of $6.41 on Nov. 1. \n</p>\n<p>\n  Lai said he believes the stock's rally has largely priced in a recovery outlook from the second quarter of 2023, while he's concerned about possible cuts to consensus estimates. \n</p>\n<p>\n  He downgraded XPeng to neutral from overweight, and cut his stock price target to $9 from $11. \n</p>\n<p>\n  Lai also cut his 2023 delivery estimate to 155,000 vehicles from 210,000, and said margins could be hit hard, especially in the first quarter as a result of new energy vehicle <a href=\"https://laohu8.com/S/NEV\">$(NEV)$</a> subsidy shortfalls. \n</p>\n<p>\n  Overall, Lai said he remains \"constructive\" on the NEV market in 2023, although he expects the growth rate will decelerate to 20% from 80% in 2022. While he believes XPeng will benefit from the rising trend, he's concerned about fierce pricing competition in the mass market in China, as evidenced by recent further price cuts by Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, which he expects will weigh on XPeng's profitability. \n</p>\n<p>\n  For rival Nio Inc. <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a>, Lai cut his 2023 delivery estimate to 200,000 vehicles from 240,000 vehicles, but kept his rating at overweight and his stock price target at $14. \n</p>\n<p>\n  Nio's stock rose 1.2% in premarket trading. Through Tuesday, the stock has hiked up 21.5% since closing at a two-year low of $9.25 on Nov. 9. \n</p>\n<p>\n  Over the past 12 months, XPeng shares have plunged 78.0%, Nio's stock has tumbled 62.6% and Tesla's stock has dropped 66.5%, while the S&amp;P 500 index  has lost 16.8%. \n</p>\n<p>\n  -Tomi Kilgore \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 11, 2023 08:56 ET (13:56 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stop buying XPeng stock, J.P. Morgan says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStop buying XPeng stock, J.P. Morgan says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-01-11 21:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Stop buying XPeng stock, J.P. Morgan says\n</p>\n<p>\n  By Tomi Kilgore \n</p>\n<p>\n  EV maker downgraded as market has priced in a too-rosy COVID-reopening scenario \n</p>\n<p>\n  Shares of XPeng Inc. fell Wednesday, after J.P. Morgan backed away from its bullish call on the China-based electric vehicle maker, saying the COVID-related reopening trade has been overdone. \n</p>\n<p>\n  Analyst Nick Lai said with China's recent relaxation of COVID-related restrictions, the reopening trade in auto stocks has been playing out rapidly. And as earnings expectations have yet to catch up, he fears the reopening rally could \"run out of steam\" in the near term. \n</p>\n<p>\n  \"[W]e note the recent rally has priced in a rosy scenario while corporate earnings and underlying industry data are still lagging,\" Lai wrote in a note to clients. \n</p>\n<p>\n  XPeng's stock <a href=\"https://laohu8.com/S/XPEV\">$(XPEV)$</a> shed 0.4% in premarket trading Wednesday. Through Tuesday, the stock had rocketed 57.4% since closing at a record low of $6.41 on Nov. 1. \n</p>\n<p>\n  Lai said he believes the stock's rally has largely priced in a recovery outlook from the second quarter of 2023, while he's concerned about possible cuts to consensus estimates. \n</p>\n<p>\n  He downgraded XPeng to neutral from overweight, and cut his stock price target to $9 from $11. \n</p>\n<p>\n  Lai also cut his 2023 delivery estimate to 155,000 vehicles from 210,000, and said margins could be hit hard, especially in the first quarter as a result of new energy vehicle <a href=\"https://laohu8.com/S/NEV\">$(NEV)$</a> subsidy shortfalls. \n</p>\n<p>\n  Overall, Lai said he remains \"constructive\" on the NEV market in 2023, although he expects the growth rate will decelerate to 20% from 80% in 2022. While he believes XPeng will benefit from the rising trend, he's concerned about fierce pricing competition in the mass market in China, as evidenced by recent further price cuts by Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, which he expects will weigh on XPeng's profitability. \n</p>\n<p>\n  For rival Nio Inc. <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a>, Lai cut his 2023 delivery estimate to 200,000 vehicles from 240,000 vehicles, but kept his rating at overweight and his stock price target at $14. \n</p>\n<p>\n  Nio's stock rose 1.2% in premarket trading. Through Tuesday, the stock has hiked up 21.5% since closing at a two-year low of $9.25 on Nov. 9. \n</p>\n<p>\n  Over the past 12 months, XPeng shares have plunged 78.0%, Nio's stock has tumbled 62.6% and Tesla's stock has dropped 66.5%, while the S&amp;P 500 index  has lost 16.8%. \n</p>\n<p>\n  -Tomi Kilgore \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 11, 2023 08:56 ET (13:56 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4548":"巴美列捷福持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","BK4574":"无人驾驶","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4532":"文艺复兴科技持仓","09866":"蔚来-SW","LU1548497426.USD":"安联环球人工智能AT Acc","LU0971096721.USD":"富达环球金融服务 A","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","BK4527":"明星科技股","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4531":"中概回港概念","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0052750758.USD":"富兰克林中国基金A Acc","BK4099":"汽车制造商","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU0823411888.USD":"法巴消费创新基金 Cap","BK4585":"ETF&股票定投概念","BK4511":"特斯拉概念","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0106831901.USD":"贝莱德世界金融基金A2","NIO.SI":"蔚来","BK4555":"新能源车","LU0056508442.USD":"贝莱德世界科技基金A2","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4505":"高瓴资本持仓","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","MS":"摩根士丹利","BK4504":"桥水持仓","BK4550":"红杉资本持仓","NIO":"蔚来","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU2063271972.USD":"富兰克林创新领域基金","XPEV":"小鹏汽车"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2302008455","content_text":"MW Stop buying XPeng stock, J.P. Morgan says\n\n\n  By Tomi Kilgore \n\n\n  EV maker downgraded as market has priced in a too-rosy COVID-reopening scenario \n\n\n  Shares of XPeng Inc. fell Wednesday, after J.P. Morgan backed away from its bullish call on the China-based electric vehicle maker, saying the COVID-related reopening trade has been overdone. \n\n\n  Analyst Nick Lai said with China's recent relaxation of COVID-related restrictions, the reopening trade in auto stocks has been playing out rapidly. And as earnings expectations have yet to catch up, he fears the reopening rally could \"run out of steam\" in the near term. \n\n\n  \"[W]e note the recent rally has priced in a rosy scenario while corporate earnings and underlying industry data are still lagging,\" Lai wrote in a note to clients. \n\n\n  XPeng's stock $(XPEV)$ shed 0.4% in premarket trading Wednesday. Through Tuesday, the stock had rocketed 57.4% since closing at a record low of $6.41 on Nov. 1. \n\n\n  Lai said he believes the stock's rally has largely priced in a recovery outlook from the second quarter of 2023, while he's concerned about possible cuts to consensus estimates. \n\n\n  He downgraded XPeng to neutral from overweight, and cut his stock price target to $9 from $11. \n\n\n  Lai also cut his 2023 delivery estimate to 155,000 vehicles from 210,000, and said margins could be hit hard, especially in the first quarter as a result of new energy vehicle $(NEV)$ subsidy shortfalls. \n\n\n  Overall, Lai said he remains \"constructive\" on the NEV market in 2023, although he expects the growth rate will decelerate to 20% from 80% in 2022. While he believes XPeng will benefit from the rising trend, he's concerned about fierce pricing competition in the mass market in China, as evidenced by recent further price cuts by Tesla Inc. $(TSLA)$, which he expects will weigh on XPeng's profitability. \n\n\n  For rival Nio Inc. $(NIO)$, Lai cut his 2023 delivery estimate to 200,000 vehicles from 240,000 vehicles, but kept his rating at overweight and his stock price target at $14. \n\n\n  Nio's stock rose 1.2% in premarket trading. Through Tuesday, the stock has hiked up 21.5% since closing at a two-year low of $9.25 on Nov. 9. \n\n\n  Over the past 12 months, XPeng shares have plunged 78.0%, Nio's stock has tumbled 62.6% and Tesla's stock has dropped 66.5%, while the S&P 500 index  has lost 16.8%. \n\n\n  -Tomi Kilgore \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 11, 2023 08:56 ET (13:56 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","news_type":1,"symbols_score_info":{"NIO":0.9,"09866":0.6,"XPEV":0.9,"NIO.SI":0.6,"MS":1,"EVS.SI":0.6}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9951861254,"gmtCreate":1673449607678,"gmtModify":1676538838720,"author":{"id":"4123969118936632","authorId":"4123969118936632","name":"Jamjam77","avatar":"https://community-static.tradeup.com/news/d4d2f96020de22713e4f071efa05a6bd","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":12,"crmLevelSwitch":1,"authorIdStr":"4123969118936632","idStr":"4123969118936632"},"htmlText":"All this investor firm is bullshit , trying to scareoff people then buy in dip then say up the price of Xpeng . They think 2023 is stupid as them&nbsp;","listText":"All this investor firm is bullshit , trying to scareoff people then buy in dip then say up the price of Xpeng . They think 2023 is stupid as them&nbsp;","text":"All this investor firm is bullshit , trying to scareoff people then buy in dip then say up the price of Xpeng . They think 2023 is stupid as them","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951861254","repostId":2302008455,"repostType":2,"repost":{"id":"2302008455","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1673445360,"share":"https://ttm.financial/m/news/2302008455?lang=en_US&edition=fundamental","pubTime":"2023-01-11 21:56","market":"hk","language":"en","title":"Stop buying XPeng stock, J.P. Morgan says","url":"https://stock-news.laohu8.com/highlight/detail?id=2302008455","media":"Dow Jones","summary":"MW Stop buying XPeng stock, J.P. Morgan says\n\n\n  By Tomi Kilgore \n\n\n  EV maker downgraded as market ","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Stop buying XPeng stock, J.P. Morgan says\n</p>\n<p>\n  By Tomi Kilgore \n</p>\n<p>\n  EV maker downgraded as market has priced in a too-rosy COVID-reopening scenario \n</p>\n<p>\n  Shares of XPeng Inc. fell Wednesday, after J.P. Morgan backed away from its bullish call on the China-based electric vehicle maker, saying the COVID-related reopening trade has been overdone. \n</p>\n<p>\n  Analyst Nick Lai said with China's recent relaxation of COVID-related restrictions, the reopening trade in auto stocks has been playing out rapidly. And as earnings expectations have yet to catch up, he fears the reopening rally could \"run out of steam\" in the near term. \n</p>\n<p>\n  \"[W]e note the recent rally has priced in a rosy scenario while corporate earnings and underlying industry data are still lagging,\" Lai wrote in a note to clients. \n</p>\n<p>\n  XPeng's stock <a href=\"https://laohu8.com/S/XPEV\">$(XPEV)$</a> shed 0.4% in premarket trading Wednesday. Through Tuesday, the stock had rocketed 57.4% since closing at a record low of $6.41 on Nov. 1. \n</p>\n<p>\n  Lai said he believes the stock's rally has largely priced in a recovery outlook from the second quarter of 2023, while he's concerned about possible cuts to consensus estimates. \n</p>\n<p>\n  He downgraded XPeng to neutral from overweight, and cut his stock price target to $9 from $11. \n</p>\n<p>\n  Lai also cut his 2023 delivery estimate to 155,000 vehicles from 210,000, and said margins could be hit hard, especially in the first quarter as a result of new energy vehicle <a href=\"https://laohu8.com/S/NEV\">$(NEV)$</a> subsidy shortfalls. \n</p>\n<p>\n  Overall, Lai said he remains \"constructive\" on the NEV market in 2023, although he expects the growth rate will decelerate to 20% from 80% in 2022. While he believes XPeng will benefit from the rising trend, he's concerned about fierce pricing competition in the mass market in China, as evidenced by recent further price cuts by Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, which he expects will weigh on XPeng's profitability. \n</p>\n<p>\n  For rival Nio Inc. <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a>, Lai cut his 2023 delivery estimate to 200,000 vehicles from 240,000 vehicles, but kept his rating at overweight and his stock price target at $14. \n</p>\n<p>\n  Nio's stock rose 1.2% in premarket trading. Through Tuesday, the stock has hiked up 21.5% since closing at a two-year low of $9.25 on Nov. 9. \n</p>\n<p>\n  Over the past 12 months, XPeng shares have plunged 78.0%, Nio's stock has tumbled 62.6% and Tesla's stock has dropped 66.5%, while the S&amp;P 500 index  has lost 16.8%. \n</p>\n<p>\n  -Tomi Kilgore \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 11, 2023 08:56 ET (13:56 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stop buying XPeng stock, J.P. Morgan says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStop buying XPeng stock, J.P. Morgan says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-01-11 21:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Stop buying XPeng stock, J.P. Morgan says\n</p>\n<p>\n  By Tomi Kilgore \n</p>\n<p>\n  EV maker downgraded as market has priced in a too-rosy COVID-reopening scenario \n</p>\n<p>\n  Shares of XPeng Inc. fell Wednesday, after J.P. Morgan backed away from its bullish call on the China-based electric vehicle maker, saying the COVID-related reopening trade has been overdone. \n</p>\n<p>\n  Analyst Nick Lai said with China's recent relaxation of COVID-related restrictions, the reopening trade in auto stocks has been playing out rapidly. And as earnings expectations have yet to catch up, he fears the reopening rally could \"run out of steam\" in the near term. \n</p>\n<p>\n  \"[W]e note the recent rally has priced in a rosy scenario while corporate earnings and underlying industry data are still lagging,\" Lai wrote in a note to clients. \n</p>\n<p>\n  XPeng's stock <a href=\"https://laohu8.com/S/XPEV\">$(XPEV)$</a> shed 0.4% in premarket trading Wednesday. Through Tuesday, the stock had rocketed 57.4% since closing at a record low of $6.41 on Nov. 1. \n</p>\n<p>\n  Lai said he believes the stock's rally has largely priced in a recovery outlook from the second quarter of 2023, while he's concerned about possible cuts to consensus estimates. \n</p>\n<p>\n  He downgraded XPeng to neutral from overweight, and cut his stock price target to $9 from $11. \n</p>\n<p>\n  Lai also cut his 2023 delivery estimate to 155,000 vehicles from 210,000, and said margins could be hit hard, especially in the first quarter as a result of new energy vehicle <a href=\"https://laohu8.com/S/NEV\">$(NEV)$</a> subsidy shortfalls. \n</p>\n<p>\n  Overall, Lai said he remains \"constructive\" on the NEV market in 2023, although he expects the growth rate will decelerate to 20% from 80% in 2022. While he believes XPeng will benefit from the rising trend, he's concerned about fierce pricing competition in the mass market in China, as evidenced by recent further price cuts by Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, which he expects will weigh on XPeng's profitability. \n</p>\n<p>\n  For rival Nio Inc. <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a>, Lai cut his 2023 delivery estimate to 200,000 vehicles from 240,000 vehicles, but kept his rating at overweight and his stock price target at $14. \n</p>\n<p>\n  Nio's stock rose 1.2% in premarket trading. Through Tuesday, the stock has hiked up 21.5% since closing at a two-year low of $9.25 on Nov. 9. \n</p>\n<p>\n  Over the past 12 months, XPeng shares have plunged 78.0%, Nio's stock has tumbled 62.6% and Tesla's stock has dropped 66.5%, while the S&amp;P 500 index  has lost 16.8%. \n</p>\n<p>\n  -Tomi Kilgore \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 11, 2023 08:56 ET (13:56 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4548":"巴美列捷福持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","BK4574":"无人驾驶","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4532":"文艺复兴科技持仓","09866":"蔚来-SW","LU1548497426.USD":"安联环球人工智能AT Acc","LU0971096721.USD":"富达环球金融服务 A","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","BK4527":"明星科技股","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4531":"中概回港概念","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0052750758.USD":"富兰克林中国基金A Acc","BK4099":"汽车制造商","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU0823411888.USD":"法巴消费创新基金 Cap","BK4585":"ETF&股票定投概念","BK4511":"特斯拉概念","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0106831901.USD":"贝莱德世界金融基金A2","NIO.SI":"蔚来","BK4555":"新能源车","LU0056508442.USD":"贝莱德世界科技基金A2","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4505":"高瓴资本持仓","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","MS":"摩根士丹利","BK4504":"桥水持仓","BK4550":"红杉资本持仓","NIO":"蔚来","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU2063271972.USD":"富兰克林创新领域基金","XPEV":"小鹏汽车"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2302008455","content_text":"MW Stop buying XPeng stock, J.P. Morgan says\n\n\n  By Tomi Kilgore \n\n\n  EV maker downgraded as market has priced in a too-rosy COVID-reopening scenario \n\n\n  Shares of XPeng Inc. fell Wednesday, after J.P. Morgan backed away from its bullish call on the China-based electric vehicle maker, saying the COVID-related reopening trade has been overdone. \n\n\n  Analyst Nick Lai said with China's recent relaxation of COVID-related restrictions, the reopening trade in auto stocks has been playing out rapidly. And as earnings expectations have yet to catch up, he fears the reopening rally could \"run out of steam\" in the near term. \n\n\n  \"[W]e note the recent rally has priced in a rosy scenario while corporate earnings and underlying industry data are still lagging,\" Lai wrote in a note to clients. \n\n\n  XPeng's stock $(XPEV)$ shed 0.4% in premarket trading Wednesday. Through Tuesday, the stock had rocketed 57.4% since closing at a record low of $6.41 on Nov. 1. \n\n\n  Lai said he believes the stock's rally has largely priced in a recovery outlook from the second quarter of 2023, while he's concerned about possible cuts to consensus estimates. \n\n\n  He downgraded XPeng to neutral from overweight, and cut his stock price target to $9 from $11. \n\n\n  Lai also cut his 2023 delivery estimate to 155,000 vehicles from 210,000, and said margins could be hit hard, especially in the first quarter as a result of new energy vehicle $(NEV)$ subsidy shortfalls. \n\n\n  Overall, Lai said he remains \"constructive\" on the NEV market in 2023, although he expects the growth rate will decelerate to 20% from 80% in 2022. While he believes XPeng will benefit from the rising trend, he's concerned about fierce pricing competition in the mass market in China, as evidenced by recent further price cuts by Tesla Inc. $(TSLA)$, which he expects will weigh on XPeng's profitability. \n\n\n  For rival Nio Inc. $(NIO)$, Lai cut his 2023 delivery estimate to 200,000 vehicles from 240,000 vehicles, but kept his rating at overweight and his stock price target at $14. \n\n\n  Nio's stock rose 1.2% in premarket trading. Through Tuesday, the stock has hiked up 21.5% since closing at a two-year low of $9.25 on Nov. 9. \n\n\n  Over the past 12 months, XPeng shares have plunged 78.0%, Nio's stock has tumbled 62.6% and Tesla's stock has dropped 66.5%, while the S&P 500 index  has lost 16.8%. \n\n\n  -Tomi Kilgore \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 11, 2023 08:56 ET (13:56 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","news_type":1,"symbols_score_info":{"NIO":0.9,"09866":0.6,"XPEV":0.9,"NIO.SI":0.6,"MS":1,"EVS.SI":0.6}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9951861157,"gmtCreate":1673449562580,"gmtModify":1676538838711,"author":{"id":"4123969118936632","authorId":"4123969118936632","name":"Jamjam77","avatar":"https://community-static.tradeup.com/news/d4d2f96020de22713e4f071efa05a6bd","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":12,"crmLevelSwitch":1,"authorIdStr":"4123969118936632","idStr":"4123969118936632"},"htmlText":"Yes you are right , all this investor place is bullshit&nbsp;","listText":"Yes you are right , all this investor place is bullshit&nbsp;","text":"Yes you are right , all this investor place is bullshit","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951861157","repostId":2302008455,"repostType":2,"repost":{"id":"2302008455","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1673445360,"share":"https://ttm.financial/m/news/2302008455?lang=en_US&edition=fundamental","pubTime":"2023-01-11 21:56","market":"hk","language":"en","title":"Stop buying XPeng stock, J.P. Morgan says","url":"https://stock-news.laohu8.com/highlight/detail?id=2302008455","media":"Dow Jones","summary":"MW Stop buying XPeng stock, J.P. Morgan says\n\n\n  By Tomi Kilgore \n\n\n  EV maker downgraded as market ","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Stop buying XPeng stock, J.P. Morgan says\n</p>\n<p>\n  By Tomi Kilgore \n</p>\n<p>\n  EV maker downgraded as market has priced in a too-rosy COVID-reopening scenario \n</p>\n<p>\n  Shares of XPeng Inc. fell Wednesday, after J.P. Morgan backed away from its bullish call on the China-based electric vehicle maker, saying the COVID-related reopening trade has been overdone. \n</p>\n<p>\n  Analyst Nick Lai said with China's recent relaxation of COVID-related restrictions, the reopening trade in auto stocks has been playing out rapidly. And as earnings expectations have yet to catch up, he fears the reopening rally could \"run out of steam\" in the near term. \n</p>\n<p>\n  \"[W]e note the recent rally has priced in a rosy scenario while corporate earnings and underlying industry data are still lagging,\" Lai wrote in a note to clients. \n</p>\n<p>\n  XPeng's stock <a href=\"https://laohu8.com/S/XPEV\">$(XPEV)$</a> shed 0.4% in premarket trading Wednesday. Through Tuesday, the stock had rocketed 57.4% since closing at a record low of $6.41 on Nov. 1. \n</p>\n<p>\n  Lai said he believes the stock's rally has largely priced in a recovery outlook from the second quarter of 2023, while he's concerned about possible cuts to consensus estimates. \n</p>\n<p>\n  He downgraded XPeng to neutral from overweight, and cut his stock price target to $9 from $11. \n</p>\n<p>\n  Lai also cut his 2023 delivery estimate to 155,000 vehicles from 210,000, and said margins could be hit hard, especially in the first quarter as a result of new energy vehicle <a href=\"https://laohu8.com/S/NEV\">$(NEV)$</a> subsidy shortfalls. \n</p>\n<p>\n  Overall, Lai said he remains \"constructive\" on the NEV market in 2023, although he expects the growth rate will decelerate to 20% from 80% in 2022. While he believes XPeng will benefit from the rising trend, he's concerned about fierce pricing competition in the mass market in China, as evidenced by recent further price cuts by Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, which he expects will weigh on XPeng's profitability. \n</p>\n<p>\n  For rival Nio Inc. <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a>, Lai cut his 2023 delivery estimate to 200,000 vehicles from 240,000 vehicles, but kept his rating at overweight and his stock price target at $14. \n</p>\n<p>\n  Nio's stock rose 1.2% in premarket trading. Through Tuesday, the stock has hiked up 21.5% since closing at a two-year low of $9.25 on Nov. 9. \n</p>\n<p>\n  Over the past 12 months, XPeng shares have plunged 78.0%, Nio's stock has tumbled 62.6% and Tesla's stock has dropped 66.5%, while the S&amp;P 500 index  has lost 16.8%. \n</p>\n<p>\n  -Tomi Kilgore \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 11, 2023 08:56 ET (13:56 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stop buying XPeng stock, J.P. Morgan says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStop buying XPeng stock, J.P. Morgan says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-01-11 21:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Stop buying XPeng stock, J.P. Morgan says\n</p>\n<p>\n  By Tomi Kilgore \n</p>\n<p>\n  EV maker downgraded as market has priced in a too-rosy COVID-reopening scenario \n</p>\n<p>\n  Shares of XPeng Inc. fell Wednesday, after J.P. Morgan backed away from its bullish call on the China-based electric vehicle maker, saying the COVID-related reopening trade has been overdone. \n</p>\n<p>\n  Analyst Nick Lai said with China's recent relaxation of COVID-related restrictions, the reopening trade in auto stocks has been playing out rapidly. And as earnings expectations have yet to catch up, he fears the reopening rally could \"run out of steam\" in the near term. \n</p>\n<p>\n  \"[W]e note the recent rally has priced in a rosy scenario while corporate earnings and underlying industry data are still lagging,\" Lai wrote in a note to clients. \n</p>\n<p>\n  XPeng's stock <a href=\"https://laohu8.com/S/XPEV\">$(XPEV)$</a> shed 0.4% in premarket trading Wednesday. Through Tuesday, the stock had rocketed 57.4% since closing at a record low of $6.41 on Nov. 1. \n</p>\n<p>\n  Lai said he believes the stock's rally has largely priced in a recovery outlook from the second quarter of 2023, while he's concerned about possible cuts to consensus estimates. \n</p>\n<p>\n  He downgraded XPeng to neutral from overweight, and cut his stock price target to $9 from $11. \n</p>\n<p>\n  Lai also cut his 2023 delivery estimate to 155,000 vehicles from 210,000, and said margins could be hit hard, especially in the first quarter as a result of new energy vehicle <a href=\"https://laohu8.com/S/NEV\">$(NEV)$</a> subsidy shortfalls. \n</p>\n<p>\n  Overall, Lai said he remains \"constructive\" on the NEV market in 2023, although he expects the growth rate will decelerate to 20% from 80% in 2022. While he believes XPeng will benefit from the rising trend, he's concerned about fierce pricing competition in the mass market in China, as evidenced by recent further price cuts by Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, which he expects will weigh on XPeng's profitability. \n</p>\n<p>\n  For rival Nio Inc. <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a>, Lai cut his 2023 delivery estimate to 200,000 vehicles from 240,000 vehicles, but kept his rating at overweight and his stock price target at $14. \n</p>\n<p>\n  Nio's stock rose 1.2% in premarket trading. Through Tuesday, the stock has hiked up 21.5% since closing at a two-year low of $9.25 on Nov. 9. \n</p>\n<p>\n  Over the past 12 months, XPeng shares have plunged 78.0%, Nio's stock has tumbled 62.6% and Tesla's stock has dropped 66.5%, while the S&amp;P 500 index  has lost 16.8%. \n</p>\n<p>\n  -Tomi Kilgore \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 11, 2023 08:56 ET (13:56 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4548":"巴美列捷福持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","BK4574":"无人驾驶","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4532":"文艺复兴科技持仓","09866":"蔚来-SW","LU1548497426.USD":"安联环球人工智能AT Acc","LU0971096721.USD":"富达环球金融服务 A","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","BK4527":"明星科技股","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4531":"中概回港概念","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0052750758.USD":"富兰克林中国基金A Acc","BK4099":"汽车制造商","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU0823411888.USD":"法巴消费创新基金 Cap","BK4585":"ETF&股票定投概念","BK4511":"特斯拉概念","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0106831901.USD":"贝莱德世界金融基金A2","NIO.SI":"蔚来","BK4555":"新能源车","LU0056508442.USD":"贝莱德世界科技基金A2","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4505":"高瓴资本持仓","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","MS":"摩根士丹利","BK4504":"桥水持仓","BK4550":"红杉资本持仓","NIO":"蔚来","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU2063271972.USD":"富兰克林创新领域基金","XPEV":"小鹏汽车"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2302008455","content_text":"MW Stop buying XPeng stock, J.P. Morgan says\n\n\n  By Tomi Kilgore \n\n\n  EV maker downgraded as market has priced in a too-rosy COVID-reopening scenario \n\n\n  Shares of XPeng Inc. fell Wednesday, after J.P. Morgan backed away from its bullish call on the China-based electric vehicle maker, saying the COVID-related reopening trade has been overdone. \n\n\n  Analyst Nick Lai said with China's recent relaxation of COVID-related restrictions, the reopening trade in auto stocks has been playing out rapidly. And as earnings expectations have yet to catch up, he fears the reopening rally could \"run out of steam\" in the near term. \n\n\n  \"[W]e note the recent rally has priced in a rosy scenario while corporate earnings and underlying industry data are still lagging,\" Lai wrote in a note to clients. \n\n\n  XPeng's stock $(XPEV)$ shed 0.4% in premarket trading Wednesday. Through Tuesday, the stock had rocketed 57.4% since closing at a record low of $6.41 on Nov. 1. \n\n\n  Lai said he believes the stock's rally has largely priced in a recovery outlook from the second quarter of 2023, while he's concerned about possible cuts to consensus estimates. \n\n\n  He downgraded XPeng to neutral from overweight, and cut his stock price target to $9 from $11. \n\n\n  Lai also cut his 2023 delivery estimate to 155,000 vehicles from 210,000, and said margins could be hit hard, especially in the first quarter as a result of new energy vehicle $(NEV)$ subsidy shortfalls. \n\n\n  Overall, Lai said he remains \"constructive\" on the NEV market in 2023, although he expects the growth rate will decelerate to 20% from 80% in 2022. While he believes XPeng will benefit from the rising trend, he's concerned about fierce pricing competition in the mass market in China, as evidenced by recent further price cuts by Tesla Inc. $(TSLA)$, which he expects will weigh on XPeng's profitability. \n\n\n  For rival Nio Inc. $(NIO)$, Lai cut his 2023 delivery estimate to 200,000 vehicles from 240,000 vehicles, but kept his rating at overweight and his stock price target at $14. \n\n\n  Nio's stock rose 1.2% in premarket trading. Through Tuesday, the stock has hiked up 21.5% since closing at a two-year low of $9.25 on Nov. 9. \n\n\n  Over the past 12 months, XPeng shares have plunged 78.0%, Nio's stock has tumbled 62.6% and Tesla's stock has dropped 66.5%, while the S&P 500 index  has lost 16.8%. \n\n\n  -Tomi Kilgore \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 11, 2023 08:56 ET (13:56 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","news_type":1,"symbols_score_info":{"NIO":0.9,"09866":0.6,"XPEV":0.9,"NIO.SI":0.6,"MS":1,"EVS.SI":0.6}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":7,"commentSize":7,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2302008455","isCrawlerRequest":true}