Streetbeat News

XIACY

Xiaomi Corporation

http://www.mi.com/

CEO

Jun Lei

Open

17.95

Mkt cap

90B

Volume

26K

High

18.00

P/E Ratio

35.12

52-wk high

18.71

Low

17.83

Div yield

N/A

52-wk low

10.70

The article discusses bullish bets on Chinese stocks, highlighting Xiaomi's success in the electric car market and comparing it to Apple's failed attempt. It also mentions two specific bullish trades on PDD Holdings and Trip.com Group, based on their undervaluation and technical ratings.

Portfolio Pulse from David Pinsen

August 14, 2024 | 5:34 pm

This week saw significant developments in the EV sector, with Tesla's mixed earnings report leading to a stock drop, Rivian's CEO discussing the new R2 platform, GM scaling back its EV goals, Xiaomi ramping up EV production, and Lucid securing a battery material deal. The KraneShares Electric Vehicles and Future Mobility Index ETF also saw a decline.

Portfolio Pulse from Shanthi Rexaline

July 27, 2024 | 3:43 pm

Xiaomi has received regulatory clearance to mass-produce electric vehicles independently, marking a significant milestone in its EV ambitions. Despite production bottlenecks and quality issues, Xiaomi's SU7 model has seen strong demand. The company plans to launch more models and increase its delivery targets. However, Xiaomi faces challenges such as anti-dumping tariffs in Europe and slowing demand in China.

Portfolio Pulse from The Bamboo Works

July 23, 2024 | 11:55 am

Tesla shares have surged after breaking through a key resistance level, with short-term technical indicators suggesting further gains. Despite a false rumor about record sales in China, Tesla's overall deliveries exceeded expectations. Additionally, trades on Tesla, Carvana, and Salesforce are on track for significant gains.

Portfolio Pulse from David Pinsen

July 02, 2024 | 8:42 pm

Xiaomi EV, the car-making unit of Xiaomi Corp., is ramping up production to reduce waiting times for its Xiaomi SU7 model. The company has initiated double-shift production and aims to deliver over 100,000 units in 2024. Current orders face a 30-week delivery wait, but lead times are expected to reduce by up to five weeks.

Portfolio Pulse from Nabaparna Bhattacharya

July 02, 2024 | 11:48 am

The article discusses the recent bullish moves in Novo Nordisk, Carvana, and Rivian, highlighting the pros and cons of trading options versus stocks. Novo Nordisk's stock surged after China approved its anti-obesity drug, Wegovy. Carvana's stock hit a 52-week high, benefiting from a call spread strategy. Rivian's shares rose significantly due to Volkswagen's $5 billion investment.

Portfolio Pulse from David Pinsen

June 27, 2024 | 4:39 pm

Alibaba's 618 Shopping Festival shows strong sales momentum with major brands like Apple and Xiaomi leading the way. Alibaba aims for double-digit revenue growth by 2027, supported by a stable regulatory environment and consumer spending. The company is also expanding its global cloud reach.

Portfolio Pulse from Anusuya Lahiri

June 03, 2024 | 5:59 pm

Xiaomi Corp reported a 27% increase in Q1 revenue, driven by a 33.7% rise in global smartphone shipments. Despite a decline in operating profit, the company is diversifying into the EV market with ambitious goals for its SU7 model. Xiaomi's global smartphone shipments are narrowing the gap with Samsung and Apple.

Portfolio Pulse from Shivani Kumaresan

May 23, 2024 | 4:11 pm

NIO Inc. (NYSE:NIO) shares are trading higher on Tuesday following a visit from Xiaomi Corp. (OTC:XIACY) founder Lei Jun to NIO's Shanghai office. The visit, which included a tour of NIO's Onvo L60 model, was part of a broader collaboration between the two companies. Xiaomi aims to integrate its ecosystem products into other brands' vehicles, including NIO's. NIO's stock has fallen over 41% in the past year, and investors can gain exposure through ETFs like KraneShares MSCI China Clean Technology Index ETF (NYSE:KGRN) and Invesco Golden Dragon China ETF (NASDAQ:PGJ).

Portfolio Pulse from Nabaparna Bhattacharya

May 21, 2024 | 3:30 pm

J.P. Morgan projects a 20%-23% YoY growth in global EV sales for 2024, led by China-based companies like Nio, XPeng, and Li Auto. The focus is on battery innovation, fast charging, and cost reductions. U.S. tariffs on Chinese exports will impact material costs for U.S. EV makers like Tesla and Rivian.

Portfolio Pulse from Surbhi Jain

May 17, 2024 | 3:05 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.