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NIO, along with all the other EV and renewables will surely be stocks to watch today as Biden’s infrastructure plan unfolds further. TSM may see some movement, but it really is a much more well established company that will most likely be a long term play. ASO is heavily shorted, yet the earnings call is way better than expected. People expect a squeeze to it.
Stocks need to be noticed today from data we collected:
BB:
Price:
Last Closed Price: $8.43, Institutional Target Price from WSJ: $9.44, Reddit posts price: $12
Summary on what’s going on:
BB holders got huge losses recently, and a lot of people took the hit due to the recent price drop. However, they still have some optimism to buy the dip. People think BB’s earnings call were actually bullish. They are expecting Ivy release from BB very soon -- February 202, and they believe it is bullish for BB. Opinions were divided. We notice that there were a lot of discussion recently for BB -- there might be some volatility very soon.
NIO:
Price:
Last Closed Price: $38.98; Institutional Target Price from WSJ: $62.06; Reddit posts price: $25.00
Summary on what’s going on:
Nio delivery numbers performed very well and the whole EV/Renewables sector has shot up due to Biden’s Infrastructure plan. The infrastructure plan harps on building a future that pushes for clean energy, tax cuts for people with electric vehicles and more charging stations. Reddit is filled with FOMO and mixed emotions. Overall it seems that people are bullish in the short term, but some people are still just trying to get back to their $55 cost basis.
TSM:
Price:
Last Closed Price: $118.28, Institutional Target Price from WSJ: $155.29, Reddit posts price: n/a
Summary on what’s going on:
There’s been a huge chip shortage plaguing the tech sector recently; however, Taiwan Semiconductor Manufacturing says that it promises to pour 100 bil into making sure they can meet the rising demand. Reddit also seems to think there is value in this for the days they don’t want their portfolio to fluctuate 90%.
ASO:
Price:
Last Closed Price: $26.88; Institutional Target Price from WSJ: $30.67; Reddit posts price: $30
Summary on what’s going on:
As we mentioned 2 days ago, ASO got a lot of attention when it beat its earnings. People are excited today because they expect there might be a squeeze for this heavily shorted stock.
Watch out for possible moves before April 16h.
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