The Latest Breaking News from Li

June S&P 500 futures (ESM23) are up +0.04%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.05% this morning as market participants digested JPMorgan’s takeover of First Republic’s assets while looking ahead to the Federal Reserve’s upcoming interest rate decision as well as Friday’s nonfarm payrolls report.

The market rally is near 2023 highs after a big shakeout. JPMorgan will buy First Republic Bank. Big earnings and the Fed loom.

Investors were hoping for a rebound in China EV sales after a seasonally weak January. Li Auto was No. 1, but Nio saw the biggest rebound.

Nio earnings showed the scale of challenges facing the embattled EV startup. But Nio stock rose after it reported February sales .

Li Auto earnings were mostly in line, but the Nio rival forecast rising EV deliveries. LI stock initially popped but then slashed gains.

As Love Island's Ron Hall sparks conversation about disability representation on reality TV, partially sighted actor Georgie Morrell gives her take on it all - from diverse casting to 'inspiration porn'

Although the electric vehicle (EV) industry is witnessing robust demand, the lack of charging infrastructure and high costs are restricting its growth. So, we think fundamentally weak EV stocks Li Auto (LI), XPeng (XPEV), and Mullen Automotive (MULN) might be best avoided, liquidated, or sold short now. Keep reading….

China EV deliveries: Li Auto, BYD and Nio reported record December sales, even amid Covid disruptions, while XPeng rebounded.

The automotive industry is poised for long-term growth, thanks to the increasing integration of digital technologies and the growing popularity of electric vehicles. Given the industry tailwinds, investing in fundamentally sound auto stocks General Motors (GM) and Honda Motor (HMC) could be wise. However, with supply chain constraints, rising interest…