EV Maker Nio's Q1 Deliveries Fall 40% From Q4, Stock Slides
Portfolio Pulse from Anusuya Lahiri
NIO, Inc. (NYSE: NIO) reported a significant decline in Q1 2024 revenue and vehicle deliveries, missing analyst expectations. The stock price dropped 5.88% premarket. Despite the poor performance, NIO provided a positive forward outlook for Q2 2024. Investors can gain exposure to NIO via iShares Core MSCI Emerging Markets ETF (NYSE: IEMG) and iShares MSCI China ETF (NASDAQ: MCHI).
June 06, 2024 | 11:24 am
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NEGATIVE IMPACT
iShares Core MSCI Emerging Markets ETF (NYSE: IEMG) may experience minor volatility due to its exposure to NIO, which reported disappointing Q1 2024 results.
IEMG has exposure to NIO, which reported disappointing Q1 2024 results. This may cause minor volatility in the ETF's performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 30
NEGATIVE IMPACT
iShares MSCI China ETF (NASDAQ: MCHI) may experience minor volatility due to its exposure to NIO, which reported disappointing Q1 2024 results.
MCHI has exposure to NIO, which reported disappointing Q1 2024 results. This may cause minor volatility in the ETF's performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 30
NEGATIVE IMPACT
NIO reported a significant decline in Q1 2024 revenue and vehicle deliveries, missing analyst expectations. The stock price dropped 5.88% premarket. Despite the poor performance, NIO provided a positive forward outlook for Q2 2024.
NIO's Q1 2024 results showed a significant decline in revenue and vehicle deliveries, which missed analyst expectations. This led to a 5.88% drop in the stock price premarket. However, the company provided a positive outlook for Q2 2024, which may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100