LI Sep 2024 22.000 call
- Barrons.com
XPeng Stock Soars on Earnings. There’s Hope for China EVs.
XPeng stock was soaring Tuesday after the Chinese electric-vehicle maker reported better-than-expected first-quarter numbers. A year ago, XPeng reported a per-share loss of 38 cents on sales of $573 million. Quarterly gross profit margins were about 13%, up about 11 percentage points year over year and about 2 percentage points better than analysts’ forecasts.
- Barrons.com
Why Jamie Dimon’s Buyback Bombshell Is a Warning for Stocks, and 5 Other Things to Know Before the Market Opens
Norwegian Cruise Line soars on profit guidance, Red Lobster bankruptcy blamed on shrimp promotion, Exxon dispute with activists draws in Calpers, and other news to start your day.
- South China Morning Post
Hong Kong stocks retreat as sentiment cools, Li Auto sinks 19% after dismal earnings
Hong Kong stocks declined by the most in five weeks, pulling back from 10-month highs as Li Auto's earnings fell short of market expectations and sparked concerns about corporate financial performances in the world's second largest economy. The Hang Seng Index lost 1.9 per cent to 19,265.74 as of 3.30pm local time, the biggest retreat since April 16. The Tech Index lost 3.8 per cent while the Shanghai Composite Index weakened 0.4 per cent. EV maker Li Auto's plunged 18.7 per cent to HK$81.20, it
