$WKHS long and strong a bunch of momentum in this stock not to mention the momentum in it's specific EV sector with $TSLA showing historic gains and $NIO joining the party. The companies with product out now are getting rewarded as Nikola has seen a bigly reversal. Don't see much downside but always need to be aware and focused when watching your investments. Complacency is the easiest way to lose your profit after putting in the work to get you in a situation of profitability; a lesson for myself and others don't get complacent. You never know what's going to happen in these markets and as of now $WKHS is a largely speculative stock/company. Great potential and upside, but is coming off of 12 days of green (following 2 red days) but we've seen these go either way so cautious with these high flyers cause they will fly in both directions.
Electriccars
Tesla: Our $1,270 target is hit. Time to start booking profits.More than 1 year ago we gave a buy recommendation on Tesla when the price was trading at $205 after a a sharp fall:
Last January we upgraded our final Target for this cycle to $1,270:
Despite the drawback due to the coronovirus lock-down, Tesla reached our long-term target and we've already closed all positions on that stock. We recommend long-term investors to do the same and focus on buying the next pull back.
The reason is the RSI on the 1W chart which is not only overbought (RSI = 79.078, MACD = 184.820, ADX = 52.644) but it mainly reached the limitations of our pressure zones. As seen on the chart, the 1W RSI has entered the orange overbought zone, which back on the identical cycle of 2014, it rejected the price back towards the 1W MA50. When the RSI hit the red Buy Zone, TSLA had a buy signal again.
We expect a similar behavior as so far this model has served us very well long term.
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Electric Vehicles - SOLO EV, Huge Potential, Deliveries Soon!Electrameccanica Vehicles Corp., a development-stage company, plans, develops, manufactures, and sells electric vehicles under the SOLO name. The company operates in two segments, Electric Vehicles and Custom Build Vehicles. It also has two other electric vehicle candidates under the design development stage, including Super SOLO and Tofino. It also develops and manufactures custom built vehicles. The company sells its vehicles online through electrameccanica.com Website, as well as through corporate owned stores. Electrameccanica Vehicles Corp. was incorporated in 2015 and is headquartered in Vancouver, Canada.
The SOLO niche market could be gigantic especially in high tourism states, cities, towns and around the world.
I think this stock has huge potential. See article link below.
electrek.co
On 06/16/2020, Electra announced the accelerated expansion of the company's retail footprint for its flagship SOLO EV with new locations planned for Arizona and Oregon.
The company currently maintains a SOLO EV storefront at Westfield Century City in Los Angeles with a second location under contract at Westfield Fashion Square, a shopping center in Sherman Oaks, CA.
Electra said "Production for existing orders remains on target and they expect to begin deliveries of SOLO to U.S. customers starting this fall."
When you look at stocks like Workhorse (WKHS) and Tortoise (SHLL), who have not even started deliveries, SOLO is undervalued.
I think the market for SOLO is huge especially in highly populated cities like New York and Boston where parking is hard to find.
Currently, the stock has Bullish fundamentals. See below
2-Jul-20 3.13
▲ Thu SOLO New York
29-Jun-20 2.56 Bullish Tenkan/Kijun Cross Strong
29-Jun-20 2.56 Bullish
" Bullish Kijun Sen Cross Strong
25-Jun-20 1.91 Bullish Senkou Span Cross Strong
8-Jun-20 1.65 Bullish Kumo Breakout
21-May-20 1.06 Bullish Chikou Span Cross
Again, the big game changer here, SOLO in my opinion has a niche market that could explode in orders moving forward.
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Imminent bearish MACD cross amidst bad news on vehicle qualityI am not going to actually trade this one, because Tesla is a monster and you don't short monsters no matter how good the reasons are. But I want this idea here for posterity so that I can kick myself later when it turns out to be right. Tesla is sitting right underneath an extremely psychologically significant resistance level at $1000 per share. It's one of those nice round numbers that the market reacts to, like Bitcoin 10,000 or Nasdaq 10,000. Forward P/E of 250 is fairly psychologically significant, as well. Meanwhile, Tesla has been reducing the price on some of its older models, which doesn't bode well for demand. And bad reviews are starting to roll in for the Model Y, with buyers complaining of manufacturing quality issues including:
peeling paint
inconsistent paint jobs
indentations in the seats
broken seatbelts
scratched paint and trim
backseats not attached to base
loud road noise
water getting into the vehicle
and more; try #TeslaQualityIssues on Twitter
Simply put, Tesla seems to have rushed this car to market, and it's likely to cost them a fortune in repairs and warranty work. Tesla had similar problems with the rollout of the Model 3, and it took them a year to fix the issues there.
Because Tesla is such an over-hyped stock and has such strong upward momentum, it's taking a while for the stock to respond to all the bad news, which has been circulating now for several days. But we do appear to be halted here, and the daily MACD is close to making a bearish cross. I expect a correction to volume support in the low $800 range.
P.S. twitter.com
NIO - Low Valuation Compared to TeslaNIO Limited designs, manufactures, and sells electric vehicles in the People's Republic of China, Hong Kong, the United States, the United Kingdom, and Germany. The company offers five, six, and seven-seater electric SUVs. It is also involved in the provision of energy and service packages to its users; marketing, design, and technology development activities; manufacture of e-powertrains, battery packs, and components; and sales and after sales management activities. In addition, the company offers charging solutions, including Power Home, a home charging solution; Power Swap, a battery swapping service; Power Mobile, a mobile charging service through charging trucks; Public Charger, a public fast charging solution; and Power Express, a 24-hour on-demand pick-up and drop-off charging service. Further, it provides value-added services, such as statutory and third-party liability insurance, and vehicle damage insurance through third-party insurers; repair and routine maintenance services; courtesy car services during lengthy repairs and maintenance; and roadside assistance, as well as data packages. NIO Limited has a strategic collaboration with Mobileye N.V. for the development of automated and autonomous vehicles; and collaboration agreements with various manufacturers for the manufacture of ES8, a six or seven-seater high-performance electric SUV. The company was formerly known as NextEV Inc. and changed its name to NIO Limited in July 2017. NIO Limited was founded in 2014 and is headquartered in Shanghai, China.
NIO, which was founded in 2014, currently offers two premium electric SUVs ES8 and ES6, which are priced starting at about $51k. The company is also innovating in the self-driving technology space and offers a battery swap service. Nio delivered 20,565 cars last year, marking an 81% year-over-year increase.
NIO is growing faster than Tesla due in part to the large China population.
While NIO is in the earlier phases of growth with revenue expanding 56% last year and growth likely to accelerate in 2020, Tesla sales grew by just 15% last year and could potentially slow in 2020.
Overall, compared to Tesla, NIO’s has a faster growth ratio and lower valuation multiple which makes a case for the stock.
So, at its current price, NIO is in my opinion a buy.
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
NKLA Announces Joint Venture with CNH Industrial This is a follow-up to my previous posts.
Today, Nikola announced the joint venture with CNH Industrial that I have been talking about for several weeks.
Why this stock is not moving way up on all the great news is beyond my understanding.
The IVECO unit of CNH Industrial has been building big rigs for decades, and will jointly start building the Tre in Germany with Nikola.
Nikola Tre
Featured snippet from the web
The battery electric NIKOLA TRE is based on the IVECO S-WAY and integrates NIKOLA's class-leading technology. It is the first step on the path towards the fuel cell electric model (FCEV). Dec 6, 2019
www.caranddriver.com
Nikola also announced it has $12 billion in pre-orders for its U.S. trucks, up from the previous $11 billion.
www.bizjournals.com
In a report by Cowen & Co. on June 17, 2020, the report essentially said, "by Nikola outsourcing production, it could mitigate risks that Tesla went through."
CNH is Nikola's partner in the venture. Is there something someone on Wall Street does not understand?
CNH owns over 25 million shares of Nikola or 7.11%.
CNH has a market cap of almost $10 Billion.
While investors are buying up stocks like Workhorse Group, buying on speculation, you have a company here, CNH Industrial, already making billions of dollars aside from the electric vehicles.
This is the stock to own in my opinion. It's all about common sense and profits.
CNH is already profitable so going into a joint venture with Nikola will just add more revenue to the company.
In the link below, CNH is mentioned in the paragraph after the chart. None of the news wires posted the link below to Wall Street news services today. It leaves me thinking, are people secretly buying up CNH before they run it up to $20.00 or $50.00 like they have done with several stocks in the electric vehicle industry?
www.bloombergquint.com
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
GXY - 29 MONTH DOWNTREND BROKEN!!!GALAXY RESOURCES (ASX:GXY) Has been locked in a fierce downtrend since Dec 2017 but has just broken out!! Targets As Below.
1. Break of long term downtrend and Volume returning to the market will see GXY build new Market Structure and Create Uptrend Potential.
-Break 29 month Downtrend
-Buying volume returning to the market
-MACD spreading on Weekly and holding on Daily
-RSI Trending up through Neutral Territory
-EMA 20/50 are about to cross signaling trend reversal
-Broken .236 Fib Retracement
-Double Bottom at $0.705
-Targets .5, .618, .786 Fib Retracement (Also Equilibrium Levels)
2. Bull Trap Fakeout completes and prices squeezes into downward triangle corner, breaking 0.705 Support and sinking to 2015 NOV price.
-Bulltrap
-Double top off Equilibrium at 0.845
-MACD Cross and Spread
-Crack 0.705 Support
-Nothing to hold it until 0.465
-EMA's bounce and do not cross
GXY and the Lithium Sector has been plagued by downward price action since false news of Global Over Supply was promoted in DEC 2017. Is the Sector finally about to turn the corner??
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
SOLO, Fibs, Where Do We Go?The SOLO IR news, imo didn't have much to do with this. There's already a following and unless they were looking for true institutional investors, the retail momo is definitely alive and well. They just raised $20 mil so is there dilution risk? maybe. But after the drop did the market price in some things? Good question. I think the EV juices are flowing thanks to NKLA and the potential IPO of Lucid.. not to be confused with This (former) Lucid . Gonna come down to execution now.
"The company announced that it narrowed its list to for its new U.S. home to Arizona, Colorado, Florida, North Carolina, and Tennessee. Following this, ElectraMeccanica announced the accelerated expansion of its retail footprint for its flagship SOLO EV with new locations planned for Arizona and Oregon. It’s also worth mentioning that the company was also able to raise some $20 million to help efforts."
Quote Source & Info: Can You Make Money With Penny Stocks? 3 Up Big In June
CNHI Owns 7.11% of NKLA - Weekly Chart Bullish, UndervaluedFolks, this news is listed under Worthington Industries (WOR) trading at $35.24 with a small market cap of only $1.96 Billion
"KeyBanc Believes Recent Nikola Motors IPO Creates Added Source Of Potential Liquidity Value For Worthington Industries, Says 'While WOR has limited materials content/ties to Nikola itself, the Company owns 19M shares of the stock..."
Worthington Industries only has $103.43 million on hand (Source: Yahoo Finance) - Current Ration: 2.15
CNHI Industries has $3.51 Billion on hand (Source: Yahoo Finance) - Current Ration: 3.61 (Very Strong Financially)
If KeyBanc thinks Worthington Industries is a good investment because of the 19 million shares of Nikola they own, imagine what CNHI is worth owning over 25 million shares of Nikola and a market cap of over $10 Billion?
I am re-posting this because I truly believe investors are missing the boat by not buying CNHI at its undervalued price of $7.00.
On 3/26/2020, Worthington Industries reported earnings...Horrible numbers they were... Q3 EPS $0.27 DOWN FROM $0.46 YoY, Sales $746 M, MISSED $775.5 M Estimate.
On 5/6/2020, CNH Industries reported earnings...Q1 Adj. EPS $0.060 Misses $0.070 Estimate, Sales $5.500 BILLION BEAT 5.340 BILLION Estimate.
We are talking about a company, CNH Industries, with billions of dollars in sales, and owning over 25 million shares of Nikola and sitting at $7.00 today.
The logic is so disconnected, it's amazing.
Today, with the market down, investors were slowly accumulating the stock of CNHI. I truly think the stock will spike soon given the partnership CNH has with Nikola and the 25+ million share ownership they have.
In the KeyBanc notes, they tell investors Worthington Industries has "NO TIES" to Nikola, they just own 19 million shares.
CNHI is a partner with Nikola in the electric truck development and in the charging stations rollout. CNH Industries has strong ties / connections to Nikola and will be the company to benefit, not Worthington.
You cannot compare a company with $775 million in sales trading at $35.24 with a company that has $5.500 Billion in sales trading at $7.00
The weekly chart on CNHI looks Bullish
It's just a matter of time, I think CNHI is going to double if not triple.
Long!
Taiwan Semiconductor Next-Generation Automobile TechnologyTaiwan Semiconductor Next-Generation Automobile Technology Platform
Go to the Invest2Success Blog and or Contact Me for the Details
NYSE:TSM
NASDAQ:NVDA
NASDAQ:NXPI
NASDAQ:QRVO
NASDAQ:TSLA
$TSM #taiwansemiconductor $NVDA #nvidia $NXPI #nxpsemiconductors $QRVO #qorvo $TSLA #tesla #automotive #electricvehicles #autonomousdriving #semiconductors #technology #coronavirus #financialforecast #stocks #stockstowatch #stockmarket #wallstreet #nyse #sp500 #investing #investors #trading #traders #elliottwave #markets #finance #economy
CNHI Teams with Nikola - 25 Million Share Stake, NEWS There seems to be a disconnect between Nikola, Its Strategic Partners & It's Investors
CNHI owns over 25 million shares of Nikola, more than Worthington Industries. (WOR)
CNHI has over $4 Billion in cash on hand, more than Worthington Industries. (WOR)
CNHI's stake in Nikola is worth over $1.5 Billion dollars or 7.11%, more than Worthington Industries has.
CNHI has a market cap of around 10 Billion while Worthington only has a market cap of around 2 Billion.
CNHI stock price: $7.08, Worthington Ind. stock price: $35.65 - There's a huge disconnect here.
CNHI owns IVECO, one of its subsidiaries working with Nikola on its electric trucks and charging stations.
CNHI was part of the spinoff / merger with Nikola, this is how Nikola was started.
When you search the news on CNH, IVECO & Nikola, you will see more recent releases including the build-out of a charging network for Nikola vehicles. IVECO is building this for Nikola.
Not only are investors buying the wrong stock, as in Worthington Ind.(WOR), in my opinion, the price of CNHI at current levels is an early Christmas Gift.
I feel at minimum, CNHI should be trading upwards of $20.00 a share just because of the 25+ million share stake in Nikola, and this is aside from the partnership they have with Nikola through IVECO.
2 News Release Listed Below - (There are more recent news releases)
__________________________________________________
RELEASE 1
__________________________________________________
A promising cooperation from the Capital Markets Day
CNH Industrial’s Capital Markets Day brought Nikola’s technological innovation to the new Iveco and Fpt Industrial spin-off. CNH Industrial, in fact, announced its intention to enter into a strategic partnership with the company based in Phoenix to accelerate industry transformation towards emission neutrality of Class 8/Heavy-Duty Trucks in North America and Europe through the adoption of fuel-cell technology.
The words of Nikola and CNH
Trevor Milton, Chief Executive Officer, Nikola Corporation, said: «Nikola has the technology but needs a partner with a European network to achieve it in a timely manner. By bringing CNH Industrial on board, we now have access to manufacturing know-how, purchasing power, validated truck parts, plant engineering and much more».
Gerrit Marx, President Commercial and Specialty Vehicles, CNH Industrial, added: «While today LNG delivers significantly lower well-to-wheel emissions, in the medium to long-term, fuel-cell and BEV technologies will deliver the ultimate goal of zero-emission trucking. With our LNG technology we have proven to be European disruptors, taking the lead in industry transformations including fuel supply and lifecycle ownership».
__________________________________________________
RELEASE 2
__________________________________________________
Today’s announcement of Nikola Corporation’s intended listing on the NASDAQ Exchange, New York, U.S.A. later this year, through its merger with VectoIQ, is fully supported by CNH Industrial N.V. (NYSE:CNHI / MI:CNHI).
“This is exciting news and another key milestone for our joint project to deliver zero emission Heavy-Duty Trucks and hydrogen infrastructure through a unique business model. Nikola’s NASDAQ listing gives further impetus to the ambitious targets we have set ourselves, to be at the forefront of scalable clean technology investments transforming our businesses and environment alike,” said Hubertus Mühlhäuser, Chief Executive Officer, CNH Industrial.
CNH Industrial entered into a strategic and exclusive Heavy-Duty Truck partnership with Nikola in September 2019 as the lead Series D investor, with a $250 million stake. IVECO and FPT Industrial, the commercial vehicle and powertrain brands of CNH Industrial, recently announced they will manufacture, through their European Joint Venture with Nikola Motor Company, the Nikola TRE, battery electric (BEV) Heavy-Duty Truck, at IVECO’s Ulm, Germany manufacturing site. Start of production is anticipated within the first half of 2021.
“Nikola’s unswerving ambition to comprehensively transform our industry and its environmental footprint represents a great non-cyclical growth path for the business. Listing at NASDAQ, in order to raise funds in today´s market environment, is clear recognition and support of the project’s strategic direction,” said Gerrit Marx, President Commercial and Speciality Vehicles, CNH Industrial.
CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions.
CNHI Owns 7.1% of NIKOLA - Bullish Charts, BUYCNH Industrial ( CNHI ) owns over 7% of NKLA
7.11% = 25,661,449 Shares = Over $2 Billion dollars and growing
I am taking a good guess after researching CNHI, they might be supplying NKLA with powertrain, transmission systems, axles and other parts for the electric / fuel cell vehicles.
The Daily & Weekly charts for CNHI are BULLISH
CNHI is the stock to own along with NKLA especially if you cannot afford to buy NKLA at current levels.
Also, CNHI is the safer bet because the company is profitable "ASIDE FROM" the 7.11% ownership in NKLA
CNHI has a low P/E and a strong balance sheet too.
As NKLA continues to move higher, CNHI's stock price should follow.
At $8.65 cents, what do you have to lose? The positives outweigh any negatives if you buy CNHI
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
BUY CNHI - THEY OWN OVER 7% OF NKLACNH Industrial (CNHI) owns over 7% of NKLA
CNHI just invested another $250 million in NKLA
CNHI is the stock to own, not NKLA.
CNHI is also profitable with a low P/E
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
$NIO brokeoutNIO broke out the buying point yesterday and hit the resistance of $5.65. TP1 and TP are shown on the chart
12 months Consensus Price Target: $3.74
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Thx
TESLA Buy Signal .I think NASDAQ:TSLA has a very important probability to go up to around the blue rectangle (Around the 975-1000) .
Tesla is showing huge bullish momentum .And not only TESLA broke over the green area (which was said In a previous analysis to be a bug signal targetting the turquoise area) , but also it broke over the turquoise area with strong bullish power .
TESLA idea correction, Short position at the moment.The stock had impressive QEarnings, being the only car company having profits.
Yet several things happened, Elon Musk Tweeted that the stock was too high, made a drop in the price, a spike rejection on the 860 Level, David Einhorn tweets hinting that the reports may not be 100% true, reports show the value of Tesla to be close to BMW , overvalued at the moment.
Tesla is fulfilling orders in 2020 from 2019.
Some people may think twice now before buying a new car.
Company of the future, YES!!! no doubt...
But right now has to deal with problems like everyone else.
May is coming, second wave of Covid-19 is possible and above all, we have again a USA-CHINA trade war.
This may bring implications with Tesla.
Trade safe, cheers