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  • Business
    TheStreet.com

    Jim Cramer: This Is How Stocks Would Fare Under a President Biden

    I don't pick stocks on politics, but was shocked to see how a majority of our Action Alerts PLUS holdings would perform if Joe Biden wins the White House.

  • Is Fastly's Plunge a Buying Opportunity?
    Business
    TheStreet.com

    Is Fastly's Plunge a Buying Opportunity?

    After a surprise pre-announcement lowering its quarterly revenue guidance, shares of content delivery network Fastly plunged 26.9% in after-hours trading Wednesday. Jim Cramer weighed in during Wednesday's Mad Money program and Stephen Guilfoyle on Real Money this morning. Cramer said he's long been a fan of Fastly, after interviewing the CEO back in May. But after shares rallied 32% in just the past month, even Cramer warned that the shares were getting ahead of themselves.

  • Business
    MarketWatch

    Nio's stock rises toward another record after Citigroup says buy, boosts target by 83%

    Shares of Nio Inc. rose 1.1% toward another record in premarket trading Thursday, bucking the big selloff in the broader market, after Citigroup analyst Jeff Chung turned bullish on the China-based electric vehicle company, citing a "very strong" order backlog, increased market share, lower battery costs and policy tailwind related to exports. Chung raised his rating to buy, after being at neutral since March, and boosted his stock price target by 82.4%, to $33.20 from $18.10. "We estimate Nio's accumulated order backlog (after deducting weekly shipments) to have increased by 100% to 7k units between now and end-Sep, implying a 1.5-1.8 month level," Chung wrote in a note to clients. "As such, we believe margin visibility has improved dramatically." The upgrade and stock gain comes a day after the stock soared 22.6% to a record close Wednesday after a J.P. Morgan upgrade to buy. Ahead of Thursday's open, futures for the S&P 500 dropped 1.3%. Year to date, Nio's stock has skyrocketed 559.2% through Wednesday, while U.S.-based rival Tesla Inc. shares have soared 451.4% and the S&P 500 has gained 8.0%.