[WeeklyTop5Stocks] NIO Tumbled, Green Wave Calmed Down

#1 $NIO Inc(NIO.US)$ Chinese EV stocks continued to rally last week but NIO got plugged last fridday. Citron Research editor Left said last Friday that “Anyone buying NIO stock now is not buying a company or its prospects, rather you are buying 3 letters that move on a screen,” it's finally time for investors to cash out of the red-hot EV stock.  NIO tumbled around 14% after the report, ended up at $44.56 by market close last Friday. Excited for Monday market open?

By the way, NIO is to release Q3 earnings after market close this Tuesday Nov. 17. You will be able to listen to the earnings conference call in moo community at that time to get the first-hand info. Follow @moo_Live and stay tuned.

Mooers Comment:
@Tim Li8 : every body complained nio going up so fast, no opportunity to bur the dip. But when the dip comes, how many people have the balls to buy? I know I did.

#2 $SNDL Inc(SNDL.US)$ The "green wave" calmed down last week. Sundial reported Q3 earnings on NOV. 11 with net loss at $71.4 million CAD. The stock price closed down 26.5% after the earnings. Btw, this company belongs to Canada Country and is part of Healthcare sector. 

Mooers Comment:
@70088261 : anyone still holding it?

#3 $XPeng(XPEV.US)$ Xpeng rallied 36.1% after its impressive Q3 earnings report released on Nov. 12,  making it a strong day for Chinese EV stocks. Xpeng Q3 deliveries had expanded 265.8% year-over-year and 165.7% quarter-over-quarter to 8,578 units. Recently It received a price target of $43  by JPMorgan Chase. Will XPEV be the next NIO?

Mooers Comment:
@Paul Bates : God Bless America this week is paying for my retirement account I never got. SSDI don't do it.

#4 $Apple(AAPL.US)$  "Just One More Thing" event unveiled the M1 chip for its Mac computers on Nov. 10, the first step in its transition away from Intel. Developing the M1 cost billions, but the new chip could still bode well for Apple's Mac margins in the long run. Apple stock rose continuously after the event, slightly as well. Will the market make louder noise for apple? Place your bet.

#5 $Alibaba(BABA.US)$ Share of Alibaba was subdued last week. The decline comes on the day of Alibaba’s big Singles Day shopping event, on 11/11, despite a record high sales of $38.4 billion. Moreover, shares of BABA continued to fell, as did the stocks of most other China-based digital platform companies, after the country’s market regulators drafted anti-monopoly guidelines targeting the group. Will now a good opportunity to buy in BABA?

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Happy trading and see you next time.