Nio Reportedly Working On In-House Self-Driving Chips

Nio Inc – ADR (NYSE: NIO), which has made a strong comeback in the year of the COVID-19 pandemic, is leaving no stone unturned to keep the momentum going.What Happened: The Chinese electric vehicle manufacturer is planning to embark on in-house R&D to develop computing chips for autonomous driving, the Chinese news outlet 36Kr reported,…

Lockheed Martin’s 3Q Profit Soars 10%; Street Says Buy

Lockheed Martin 3Q earnings from continuing operation of $6.25 per share rose 10.4% from the year-ago quarter, surpassing analysts’ expectations $6.07. The fighter jet manufacturer’s bottom-line results mainly benefited from sales which grew 8.7% to $16.5 billion and beat the Street consensus of $16.2 billion. Despite the quarterly beat, shares closed 3% lower.Lockheed Martin (LMT)…

Were Hedge Funds Right About Crowding CrowdStrike Holdings, Inc. (CRWD)?

We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always…

Speculators Reverse Big Nasdaq Short

(Bloomberg) — Hedge funds have pulled back from one of the biggest short positions in U.S. tech stocks in over a decade, in a near-record buying spree of Nasdaq futures last week.Net speculative positions in Nasdaq 100 mini contracts surged by the most in more than 13 years in the week through Oct. 13, according…

Goldman Sachs: 2 Stocks That Could Climb Over 90%

What’s more critical for the stock market’s health than the outcome of the presidential election? A COVID-19 vaccine, so says Goldman Sachs. With Q3 earnings season kicking into gear this week, the firm believes the virus’ effect on fundamentals should be the focus, as opposed to the race to the White House. “The vaccine represents…

Japan to Release Treated Fukushima Water in Sea, Kyodo Says

(Bloomberg) — Japan is planning to release millions of gallons of treated radioactive water from its wrecked Fukushima Dai-Ichi nuclear power plant into the Pacific Ocean, Kyodo News reported, citing unidentified people close to the matter.The government has agreed on this plan and an official decision by the cabinet is expected as soon as this…