August 12, 2020

The Tesla of China

Nio (NYSE: NIO) may very well be the Tesla of China, as it’s looking like the second largest vehicle market space is soon going to be taken over by the electric car maker. 

$NIO has continued to raise funding in two rounds and has a goal of producing 11,000-15,000 vehicles in the 3rd quarter. 

One top of this, Baillie Gifford, a prestigious investment firm, predicts that $NIO will become a $300 billion company within the next 10 years.

Maybe if you invest, you’ll be able to afford one of their cars.

Diversity Comes in More Than Portfolios

Yesterday, the democratic party announced that Joe Biden’s running mate would be Kamala Harris. 

Harris, a half black, half indian senator from California has done wild things in public service and has raised a significant chunk of change in the past. 

Many wall street executives even came out yesterday and said that they liked Biden’s choice due to Harris’ projected ability to fairly treat the economy while still keeping public interest at heart. A true moderate, as some would say.

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Rocket Fuel

Shares of Rocket Companies (NYSE: RKT) just saw the release of the accompanying options chain this morning. Even though shares are trading down about 4% today, are Analysts over at EVO are thrilled that they can get their hands on new ways to play the company that went public recently. 

Rocket makes a good portion of its cash by originating mortgages and then selling them to bigger banks to be bundled into packages. If you think that sounds like the plot to 2008, you’re not wrong, barring one thing--the hope here is that the mortgages are properly labelled in accordance with their risk.

And, if they’re not, see you guys when your home is worth 50% of what it is right now.

What’s the Hype Behind Options?

Ever wonder why are Analyst’s over at EVO won’t shut up about the virtues of options trading? 

If you’ve never heard anything about them before, a good starting point is to understand is that each contract gives you leverage over 100 shares. The best part is, the contracts are way cheaper than buying 100 shares outright.

That being said, you also need to know that they lose value over time. So, even though you get more bang for your buck, you can lose your cash faster, too. 

To really dig into this beautiful world, hop into the EVO server to see what we’re talking about. You won’t regret it.