What do you think of the $NIO10.7%car company ?
For quite a long time, their stock was down, but that has recently changed and the stock has risen several tens of percent over the past few months.
It's an interesting company, but I don't invest in China, so I don't want their stock in my portfolio.
NIO
NIO$35.15 (602.30% Upside)
Target Price
$13.00
Low Estimate$35.15
Average Estimate$83.00
High Estimate
If the stock drops a few percent and the drop is really significant, I would be happy to buy.
China, I don't really like it and I don't want to invest in it.
I stay away from China. Even though NIO is a great company, I don't want their stock in my portfolio.
NIO looks very interesting now in connection with China. I'll definitely keep an eye on it and maybe come up with a trade.