Month: September 2020

Keysight (KEYS) Powers Automotive Portfolio with New Solutions

TipRanks

Goldman Sachs: These 3 Stocks Are Poised to Surge by at Least 50%

Is it time for the bears to break out the champagne glasses? Not so fast, says Goldman Sachs. Volatility has ruled the Street for the last few weeks, leading some to conclude that those with a more pessimistic outlook had been vindicated, but the firm believes stocks can still climb higher.According to Goldman Sachs’ head of U.S. equity strategy, David Kostin, the S&P 500 could still hit 3,600 by the end of the year, and 3,800 by mid-2021, on the back of vaccine-related optimism and progress with the economic reopening. This would reflect gains of 10% and 16%, respectively, should the index ultimately reach these targets.“Despite the sharp sell-off in the past week, we remain optimistic about the path of the U.S. equity market in coming months. The Superforecaster probability of a mass-distributed vaccine by Q1

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Trump’s made-up car plants, court revisionism

WASHINGTON (AP) — President Donald Trump and his GOP allies are playing loose with the facts when it comes to a successor for the late Justice Ruth Bader Ginsburg.

Seeking to justify a possible confirmation vote before the Nov. 3 election, Trump asserted over the weekend that many high court nominations were made in an election year and “in all cases, they went forward.” That’s clearly not true.

In fact, just one hour after Justice Antonin Scalia’s unexpected death in February 2016, Senate Majority Leader Mitch McConnell publicly made clear the Senate should not confirm a successor chosen by President Barack Obama because of the coming election. That slot ultimately went unfilled until after President Donald Trump announced a nominee 11 months later.

Republican Sen. Ted Cruz on Sunday also claimed a “constitutional crisis” if a replacement isn’t confirmed right away, insisting Democratic presidential rival Joe Biden has stated he

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New Electric Car Models, Battery Swap Model & Ride Share Focus Create Opportunities For Growth

By M. Marin

NASDAQ:KNDI

READ THE FULL KNDI RESEARCH REPORT

We are initiating coverage of Kandi Technologies, Inc. (NASDAQ:KNDI), which is positioned to benefit from transitions in mobility, we believe, as China and other governments encourage consumer adoption of green automotive solutions to reduce growing roadway congestion and pollution and, at the same time, consumer interest increases as EV performance improves. The company is working to change mobility through its line of electric vehicles (EVs), battery swapping model and ride-share focus. Global EV sales are growing and China, the company’s home market, has been among the fastest growing EV markets in the world. Moreover, China recently extended EV subsidies and tax exemptions to promote EV adoption amid rising concerns about deteriorating air quality.

In the U.S., KNDI’s wholly-owned Dallas-based subsidiary, SC Autosports, has a national sales presence that KNDI intends to leverage to grow sales of EVs and vehicle parts.

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No-deal Brexit and Covid threaten ‘double whammy’ for car industry

UK and European carmakers have warned a no-deal Brexit could put a £100bn dent in the region’s car industry in the next five years, adding to heavy losses already caused by Covid-19.

A letter signed by 23 trade groups across Europe urges the government to make a deal rather than default to World Trade Organization (WTO) rules.

It says without one, there will be a “catastrophic” rise in tariffs.

A government spokesperson said it was “working hard” to reach an agreement.

The industry has already taken a £90bn hit this year because of Covid-19, the SMMT added.

The UK left the European Union on 31 January, but will enjoy tariff-free trade with the bloc until the end of the year as part of the transition period.

But fears are growing that both sides will be unable to strike a longer-term trade deal by then.

The European Automobile Manufacturers Association (ACEA),

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