Investing.com investing.com 10 Jan, 2021 16:15 am

1 Stock To Buy, 1 To Dump When Markets Open: NIO, Twitter

1 Stock To Buy, 1 To Dump When Markets Open: NIO, Twitter
Stocks Analysis by Investing.com (Jesse Cohen/Investing.com) covering: S&P 500, Dow Jones Industrial Average, US Small Cap 2000, General Motors Company. Read Investing.com (Jesse Cohen/Investing.com)'s latest article on Investing.com

NIO (NYSE: NIO ) shares are likely to enjoy increased buying activity in the week ahead after the Chinese electric vehicle maker unveiled its first sedan model—dubbed the ET7—at its annual event Saturday.The China-based electric vehicle maker saw strong growth in vehicle deliveries in 2020, with sales more than doubling from a year earlier to 43,728.It currently has three electric vehicle models on sale, all of which are SUVs.Despite the monstrous run-up and stretched valuations, we expect NIO’s shares to continue their remarkable performance in the week ahead thanks to its growing status as one of the leading names in the rapidly accelerating electric vehicle sector.

p With Democrats now in control of both the Senate and House, investors will stay laser-focused on the prospect of more fiscal stimulus in the week ahead.Remember though, our timeframe is for just the week ahead.

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