Shares of several Chinese companies, including Xpeng Inc - ADR (NYSE: XPEV), are trading lower as investors continue to weigh the possible default of major China-based real estate company Evergrande Group.
Today's 5 Stock Ideas (Benzinga EVcon Edition):
Benzinga will be hosting its inaugural Electric Vehicle Conference Wednesday. The event runs from 9 a.m. to about 5 p.m. EDT.
Traders and investors can
Benzinga is proud to offer conferences and events that provide investors and analysts with in-depth conversations and presentations from publicly traded companies.
Automobile stocks bounced back from the COVID-19 pandemic-induced sales slowdown fairly well in the second half of 2020 only to be caught unaware by the global semiconductor shortage.
Despite the sales hit from the chip crunch and the resulting capacity idling, shares of most legacy automakers are higher for the year-to-date period.
Every week, Benzinga conducts a survey to collect sentiment about what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.
This week we posed the following question to more than 1,000 Benzinga visitors on electric vehicle investing:
Today's 5 Stock Ideas:
Helbiz (HLBZ) - Tuesday morning's biggest winner. The stock was up about 120% following news of a company partnership with Amazon (AMZN).
XPeng (XPEV) - Company