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Equity markets have witnessed some volatility recently. I expect that volatility will continue with the markets anticipating rate cuts.
The biggest headwind to massive wealth creation from equities is not lack of good businesses. It's lack of patience to hold after a good idea has been discovered.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Li Auto Inc. Sponsored ADR (LI) closed at $19.23 in the latest trading session, marking a +1.53% move from the prior day.
While the market has no shortage of speculative biotech and tech names vying for your attention, many of these high-flyers are unlikely to see much upside going forward as they rapidly dilute shareholders. Instead, I prefer to focus on fundamentally sound companies trading at bargain valuations that are well-positioned to benefit from shifting economic trends and potentially lower interest rates.
Chinese stocks have been depressed for an extended period and multiple factors have contributed to the price and time correction. This includes macroeconomic headwinds, regulatory headwinds, and geopolitical concerns.
Things appear to be getting better in the Chinese luxury electric vehicle market. Li Auto, which is the largest of the emerging EV players in China, delivered 51,000 vehicles for July 2024, an increase of 49.4% versus last year.
Chinese new energy vehicle company Li Auto announced Thursday it delivered a record number of cars in July, boosted by sales of its new, lower-cost Li L6 SUV. The new model and most of Li Auto's cars come with a fuel tank for extending the battery's driving range.
Li Auto Inc. Sponsored ADR (LI) closed the most recent trading day at $19.37, moving -1.87% from the previous trading session.
BEIJING, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China's new energy vehicle market, today announced that it delivered 51,000 vehicles in July 2024, setting a new monthly delivery record and representing an increase of 49.4% year over year. This brought the Company's total deliveries in 2024 to 239,981. As of July 31, 2024, its cumulative deliveries reached 873,345 vehicles, ranking first among China's emerging new energy auto brands.