Stock

Why Nio Stock Opened Lower Today

What happened

Shares of Chinese electric-vehicle maker Nio (NYSE:NIO) opened modestly lower on Monday, after a senior official said that China’s government will encourage consolidation in the country’s EV industry. 

As of 10:30 a.m. EDT today, Nio’s American depositary shares were down about 2.5% from Friday’s closing price. 

So what

China has “too many” EV makers, China’s minister of industry and information technology said on Monday, and the government will encourage the more successful companies to merge with or acquire smaller rivals. 

The minister, Xiao Yaqing, said that while China is very enthusiastic about the development of so-called new energy vehicles, the government believes that a further concentration of resources is needed to ensure that companies can successfully develop advanced technology. (“New energy vehicles” is a translation of a Chinese term that includes battery-electric vehicles, fuel cell electric vehicles, and plug-in hybrids.) 

NIO's California office building, with two of the company's SUVs.

Nio’s California offices. The company may face pressure

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Oracle Stock Is Ready To Surge Higher

Enterprise information technology provider Oracle Corporation (NYSE:) stock has been steadily grinding to all-time highs as post-pandemic growth resumes. As workers return to offices and the reopening gets underway with the acceleration of COVID vaccinations, Oracle shares have been climbing in anticipation of the growth spurt. The Company has indicated impressive growth metrics in its recent earnings report granted the pandemic set the bar low for 2020 comps. While pundits argue that Oracle’s migration to cloud has been slow, the database giant is reaping the rewards of its acquisitions and investments. Shares still trade at a modest forward P/E of 17 with over $37 billion in cash. The Company is leading the enterprise-resource-planning (ERP) battle against rival SAP (NYSE:) according to its eccentric co-founder Larry Ellison. Prudent investors seeking exposure in the enterprise software segment as the reopening takes shape can monitor for opportunistic pullback levels in Oracle shares.

Fiscal

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Technology sector boosts TSX as Lightspeed climbs, U.S. stock markets mixed

TORONTO — Gains in the technology sector helped lift Canada’s main stock index to a positive close as U.S. markets were mixed and the Canadian dollar lost ground against the American greenback on Tuesday.



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© Provided by The Canadian Press


North American markets returned to a more typical low-volume Christmas week activity level after Monday’s “overblown” reaction to news of a new strain of the coronavirus in the United Kingdom, said Craig Jerusalim, senior portfolio manager at CIBC Asset Management.

Investors appeared to take some comfort from suggestions that while the new strain may be more readily transmitted, it may not be more deadly and vaccines may still be effective, he said.

The S&P/TSX composite index closed up 51.57 points at 17,552.46 after falling 33.74 points on Monday.

“(What’s) probably affecting Canada the most is the U.S. dollar — the trade-weighted U.S. dollar reversed its trend and it’s up today.

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Why PAR Technology (PAR) Stock is a Compelling Investment Case

If you are looking for the best ideas for your portfolio you may want to consider some of Greenhaven Road Capital‘s top stock picks. Greenhaven Road Capital, an investment management firm, is bullish on PAR Technology Corp (NYSE:PAR) stock. In its Q4 2019 investor letter – you can download a copy here – the firm discussed its investment thesis on PAR Technology Corp (NYSE:PAR) stock. PAR Technology Corp (NYSE:PAR) is a provider of systems and service solutions for the hospitality industry. The stock is down 4.1% since the Greenhaven Road Capital’s pitch in February 2020. On a year-to-date basis, PAR Technology Corp (NYSE:PAR) stock has fallen by 2.4%.

On February 15, 2020, Greenhaven Road Capital had released its Q4 2019 Investor Letter. Greenhaven Road Capital said that PAR Technology Corp (NYSE:PAR) is poised to grow in 2020. This isn’t

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