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$Arrival (ARVL.US)$ never seen major league baseball news mixed in with stock news..strange
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$Apple (AAPL.US)$ is back front and center of the talk in the electric vehicle sector with Bloomberg reporting the tech giant is targeting a launch of a self-driving car in four years. Apple's progress in developing a chip made up primarily of neural processors that can handle the artificial intelligence needed for autonomous driving is the driving force in pushing the Apple Car project ahead again. Previous reports indicated that $Taiwan Semiconductor (TSM.US)$ would likely make the autonomous chip for Apple. The company has also held discussions on battery options with Contemporary Amperex Technology Co and $BYD Co. (BYDDF.US)$.
The general consensus on the initiative is that Apple will seek out a manufacturing partner. But who? Wedbush Securities thinks Apple is very likely to announce a strategic partnership next year that lays out the groundwork needed to enter the autonomous vehicle space. In his update, analyst Dan Ives mentions H $HYUNDAI MOTOR CO GDR EACH REP 1/2 PFD N/VTG(REG'S')(CIT) (HYMTF.US)$, $Tesla (TSLA.US)$, $General Motors (GM.US)$, $Ford Motor (F.US)$ and $VOLKSWAGEN AG (VLKAF.US)$ as potential partners, while noting a partnership in China could include $XPeng (XPEV.US)$ or $NIO Inc (NIO.US)$. Other companies being bandied around Wall Street as potential AAPL partners include $Magna International (MGA.US)$, $Stellantis NV (STLA.US)$ and Foxconn.
The Apple autonomous car news sent shares of many auto stocks a bit lower after they were already in negative territory. Notable decliners include $Lucid Group (LCID.US)$, $Rivian Automotive (RIVN.US)$, $Mullen Automotive (MULN.US)$, $Canoo (GOEV.US)$, $AYRO Inc (AYRO.US)$, $Electrameccanica Vehicles (SOLO.US)$, $Fisker (FSR.US)$, $GreenPower Motor (GP.US)$, $Workhorse (WKHS.US)$, $Nikola (NKLA.US)$, $Arrival (ARVL.US)$, $Faraday Future Intelligent Electric Inc. (FFIE.US)$ and $Proterra (PTRA.US)$.
The general consensus on the initiative is that Apple will seek out a manufacturing partner. But who? Wedbush Securities thinks Apple is very likely to announce a strategic partnership next year that lays out the groundwork needed to enter the autonomous vehicle space. In his update, analyst Dan Ives mentions H $HYUNDAI MOTOR CO GDR EACH REP 1/2 PFD N/VTG(REG'S')(CIT) (HYMTF.US)$, $Tesla (TSLA.US)$, $General Motors (GM.US)$, $Ford Motor (F.US)$ and $VOLKSWAGEN AG (VLKAF.US)$ as potential partners, while noting a partnership in China could include $XPeng (XPEV.US)$ or $NIO Inc (NIO.US)$. Other companies being bandied around Wall Street as potential AAPL partners include $Magna International (MGA.US)$, $Stellantis NV (STLA.US)$ and Foxconn.
The Apple autonomous car news sent shares of many auto stocks a bit lower after they were already in negative territory. Notable decliners include $Lucid Group (LCID.US)$, $Rivian Automotive (RIVN.US)$, $Mullen Automotive (MULN.US)$, $Canoo (GOEV.US)$, $AYRO Inc (AYRO.US)$, $Electrameccanica Vehicles (SOLO.US)$, $Fisker (FSR.US)$, $GreenPower Motor (GP.US)$, $Workhorse (WKHS.US)$, $Nikola (NKLA.US)$, $Arrival (ARVL.US)$, $Faraday Future Intelligent Electric Inc. (FFIE.US)$ and $Proterra (PTRA.US)$.
![Apple might build an autonomous car. Who gets the call to be a partner?](https://ussnsimg.moomoo.com/1975179942203131743.jpg/thumb)
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"FDA disagreed with changes to the primary endpoint proposed by SUMMIT and subsequently incorporated in its ongoing phase 3 Ri-Codify study, "SUMMIT said in a statement.
Summit's stock tumbled 20 percent on the news, falling to $5.20 in after-hours trading. Despite the FDA's objections, Summit is moving forward with the joint study with a view to providing data in the first quarter of next year. Gao Expects the top-line results to "provide all parties with the best information on appropriate next steps for ridinilazole". $Summit Therapeutics (SMMT.US)$
Summit's stock tumbled 20 percent on the news, falling to $5.20 in after-hours trading. Despite the FDA's objections, Summit is moving forward with the joint study with a view to providing data in the first quarter of next year. Gao Expects the top-line results to "provide all parties with the best information on appropriate next steps for ridinilazole". $Summit Therapeutics (SMMT.US)$
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$OCBC Bank (O39.SG)$ This week, OCBC stock prices have been diving in, and the banks themselves should be very happy. From Monday to yesterday, they bought back a lot of stocks at low prices every day, saving the public dividends. 😀
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$Alibaba (BABA.US)$ dont know if they're holding back till the earnings report or if it's because the numbers are not as positive. either way, the longer the wait the more the price will inch down. anybody's guess what'll happen.
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Bill Gates might have ended up richer than Elon Musk and Jeff Bezos combined by hanging onto $Microsoft (MSFT.US)$ rather than selling.
Gates had the equivalent of 2.06 billion shares in September 1998, when the software maker first became the world's most-valuable company, according to data compiled by Bloomberg.
Quote of the day:
Behind every stock, there is a company. Find out what it’s doing.-Peter Lynch
Peter Lynch is probably the most successful fund manager in modern stock market history. He names 25 rules at the end of his book “Beating the Street." We'll share these simple but profound rules with you daily.
$S&P 500 Index (.SPX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Nasdaq (NDAQ.US)$
Gates had the equivalent of 2.06 billion shares in September 1998, when the software maker first became the world's most-valuable company, according to data compiled by Bloomberg.
Quote of the day:
Behind every stock, there is a company. Find out what it’s doing.-Peter Lynch
Peter Lynch is probably the most successful fund manager in modern stock market history. He names 25 rules at the end of his book “Beating the Street." We'll share these simple but profound rules with you daily.
$S&P 500 Index (.SPX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Nasdaq (NDAQ.US)$
![[Quote of the day] Behind every stock…](https://ussnsimg.moomoo.com/2309713996101525591.jpg/thumb)
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The rally in electric vehicle stocks is accelerating as the COP26 climate summit in Scotland focuses attention back on the release of carbon into the atmosphere. The optimistic mood also follows $Tesla (TSLA.US)$ securing more lithium product supply and opening up its Supercharger network to other EVs in a pilot program in the Netherlands. Strong EV sales in China reported for October is also boosting sentiment.
Within the sector, $Hyzon Motors (HYZN.US)$ stands out. HYZN is catching attention for unveiling its first zero-emission, fuel cell electric commercial coach in Brisbane, Australia last week. The 50-passenger coach has a range of up to 430 miles and motor power of 350 kilowatts. It is reported to be the first in a ten-coach order to be supplied into Australia.
EV stocks that have broken even higher from their earlier gains include $Volta (VLTA.US)$ , $Fisker (FSR.US)$ , $Blue Bird (BLBD.US)$ , $Electrameccanica Vehicles (SOLO.US)$ , $AYRO Inc (AYRO.US)$ , $Arrival (ARVL.US)$ , $Kandi Technolgies (KNDI.US)$ and $Luminar Technologies (LAZR.US)$ .
All those high hopes for EV sales also have some auto supplier stocks on the move, including $Goodyear Tire & Rubber (GT.US)$ , $Gentherm (THRM.US)$ and $Adient (ADNT.US)$ .
Within the sector, $Hyzon Motors (HYZN.US)$ stands out. HYZN is catching attention for unveiling its first zero-emission, fuel cell electric commercial coach in Brisbane, Australia last week. The 50-passenger coach has a range of up to 430 miles and motor power of 350 kilowatts. It is reported to be the first in a ten-coach order to be supplied into Australia.
EV stocks that have broken even higher from their earlier gains include $Volta (VLTA.US)$ , $Fisker (FSR.US)$ , $Blue Bird (BLBD.US)$ , $Electrameccanica Vehicles (SOLO.US)$ , $AYRO Inc (AYRO.US)$ , $Arrival (ARVL.US)$ , $Kandi Technolgies (KNDI.US)$ and $Luminar Technologies (LAZR.US)$ .
All those high hopes for EV sales also have some auto supplier stocks on the move, including $Goodyear Tire & Rubber (GT.US)$ , $Gentherm (THRM.US)$ and $Adient (ADNT.US)$ .
![Electric vehicle stocks keep gaining as world leaders talk climate at summit](https://ussnsimg.moomoo.com/4671803373570241955.jpg/thumb)
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