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3 Reasons Why Growth Investors Shouldn't Overlook Byd Co., Ltd. (BYDDY)
Zacks Investment Research· 2024-01-22 18:46
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the Zacks Growth Style Score (part of the Zacks Style Scores sy ...
Warning: This Skyrocketing Stock Has a Hidden Risk
The Motley Fool· 2024-01-14 12:30
If you think of electric cars, the first company name you are likely to bring to mind is Tesla (TSLA -3.67%). But Tesla most certainly isn't the only electric vehicle (EV) company or the only company making cars powered by alternative energy sources (including hybrids that use both carbon fuels and electricity). And there is a growing competitive threat that investors might not know about because it operates mostly in China.Tesla is growing fastTo be fair, there is good news coming out of Tesla. For example ...
Short Sellers Are Betting Big Against BYD (BYDDY) Stock
InvestorPlace· 2024-01-04 21:57
BYD Company (OTCMKTS:BYDDY) began this year with some great news. Specifically, the Chinese electric vehicle (EV) producer reported better fourth-quarter deliveries than Tesla (NASDAQ:TSLA), demonstrating that it can do more than just compete with the sector leader — it can outshine it. That should have reassured Wall Street that BYDDY stock is a good buy as the EV market prepares to rebound in 2024. But according to recent reports, the opposite scenario is unfolding.Instead, bearish sentiment seems to be s ...
Why Investors Slammed the Brakes on U.S. Electric Vehicle and Associated Stocks Today
The Motley Fool· 2024-01-03 23:49
Solid sales figure from an overseas rival and discouraging news from top domestic automakers scotched U.S. electric vehicle (EV) stocks on Wednesday. The effect also spread to affiliated businesses like component makers.High-end SUV manufacturer Fisker (FSR -8.59%) suffered a nearly 9% drop that day in its share price as a result. Next-generation truck specialist Nikola (NKLA -11.14%) felt the impact more acutely by taking a more than 11% hit to its stock. Ambitious, envelope-pushing battery company Quantum ...
EV Titans Clash: Tesla & BYD in Quest of 2024 Leadership
Zacks Investment Research· 2024-01-03 15:31
As we head into 2024, the electric vehicle (EV) industry is witnessing an intensifying rivalry between two heavyweights — U.S.-based Tesla (TSLA) and China's BYD Co Ltd (BYDDY) . The fourth quarter of 2023 marked a pivotal moment as Tesla's longstanding dominance in global EV sales was surpassed for the first time by BYD, propelled by its extensive range of more affordable models in China. Nonetheless, Tesla maintained the lead for full-year 2023, both in terms of production and deliveries. This sets the st ...