We're about 2 minutes away from the end of this trading day. Scarlet Fu and Vonnie Quinn here to help you take you through the closing bell. We've got a global simulcast, Carol Massar and Tim Stenovec in the radio studio.So we are bringing together the best of Bloomberg Television, Radio and our YouTube audiences worldwide as we check out what's happening here in the final minutes of the trade. And Carol, this is very much a market that is gaining steam. The rally picks up here as we head to the closing bel ...

Company Performance - Li Auto Inc. Sponsored ADR (LI) closed at $23.98, reflecting a +0.82% change from the previous day, underperforming the S&P 500's gain of 1.67% [1] - Over the past month, LI shares have decreased by 8.68%, compared to the Auto-Tires-Trucks sector's loss of 6.08% and the S&P 500's loss of 6.57% [1] Upcoming Earnings - The upcoming earnings release is anticipated, with Zacks Consensus Estimates projecting earnings of $1.38 per share and revenue of $23.97 billion, indicating a year-over-year change of 0% for earnings and +19.33% for revenue [2] Analyst Estimates - Recent changes to analyst estimates for LI are important as they reflect the evolving business landscape, with positive revisions indicating optimism about the company's outlook [3] Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks LI at 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [5] - Historically, 1 ranked stocks have delivered an average annual return of +25% since 1988 [5] Valuation Metrics - Li Auto Inc. is currently trading at a Forward P/E ratio of 17.27, which is significantly higher than the industry average of 7.4, suggesting a premium valuation [6] - The company has a PEG ratio of 3.64, compared to the Automotive - Foreign industry's average PEG ratio of 1.24, indicating a higher expected earnings growth rate relative to its price [7] Industry Context - The Automotive - Foreign industry, part of the Auto-Tires-Trucks sector, holds a Zacks Industry Rank of 164, placing it in the bottom 34% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]