To The Moon

NIO continues to lose market share to competitors as closest peers demonstrate the ability to ramp up faster.The emergence of Xiaomi's electric vehicle poses a big threat to NIO's ET7 model.My target

NIO stock is falling after an analyst said to sell, citing a relative lack of new models and overall weakness in Chinese demand for cars. Investors in automotive stocks need to pay attention.Thursday, J.P. Morgan analyst Nick Lai downgraded shares of NIO to the equivalent of Sell from Hold, reducing his target for the stock price to $5 a share from $8.50. "We see downside to consensus volume/revenue estimates," wrote Lai, adding a "lack of new models relative to peers may further weigh on its stock performance.". He estimates 2024 sales will be about $10.1 billion. The consensus estimate compiled by FactSet is closer to $10.7 billion.NIO's U.S.-listed American depositary receipts were down 1.7% in premarket trading Friday at $5.75 apiece. Futures on the S&P 500 and Nasdaq Composite were both close to flat.With the downgrade, 65% of analysts covering NIO stock rate the shares at Buy, according to FactSet. The average Buy-rating ratio for stocks in the S&P 500 is about 55%.

NIO's stock has underperformed against the broader market in recent months.Despite the rise in deliveries, NIO's bottom line continues to suffer.The company is likely to continue to burn cash at an un

Nio is entering into the ultra-competitive smartphone business, and that's not something NIO stock traders ought to celebrate in 2023.

In light of delivery growth uncertainty and falling margins, there's a clear takeaway: NIO stock is still a sell.

NIO stock is on shaky ground as Nio refuses to stick to its core business of just selling electric vehicles.

On Thursday, three major US stock indexes collectively closed higher. At the close, $S&P 500(.SPX)$ settled at 4293.93, rebounding 20% from its low point in October 2022, entering a technical bull market. It also signalled the ending of the longest $S&P 500(.SPX)$ bear market since the 1940s. Tech sector rally end the second longest bear marketThe S&P 500 index has been in bear market territory for 244 trading days, marking the longest duration since May 15, 1948. That year, the bear market lasted for 484 trading days. Historically, bear markets have an average duration of 142 trading days.S&P 500 index has risen 11.5% year-to-date, but a large portion of the gains are attributed to surges