Trading XPEV Earnings | Best Stock Picks Today 11-12-20

BEST STOCK PICKS TODAY

Trading Game Plan: 11-12-20

NIO and Xpeng as well as Li Auto—are scheduled to report third quarter earnings. Stakes are high because the industry is on fire.

NIO stock (NIO) gained 934% year to date, almost doubling over the past month. Xpeng rallied 77% over the past month, Li stock advanced 34%.

Xpeng produced its 10,000th electric vehicle at its new Zhaoqing Smart Factory. That happened in not even 160 days after the company built the factory, which Xpeng claims is the quickest a Chinese electric vehicle startup has hit that mark.

Shares of XPeng Inc. XPEV, +1.91% rallied 11% in premarket trading today, after the China-based electric vehicle maker reported a third-quarter YOY loss but revenue that jumped more than 4X as deliveries soared 266%.

Other earnings scheduled for today include: PDD, DIS, CSCO, U, AMAT, PLTR, FTCH

GRWG reported earnings and revenue guidance increased.

UPWK and PLUG initiated new swing trades yesterday. MRNA and CI traded into new breakout levels but with a caution. I outline these trades in today's video.

Solar stocks such as JKS and ENPH posted solid gains yesterday but the tape remains stuck in indecision, so these are day trades for me right now.

In total we discuss fourteen new stock picks for today.