Bitcoin has celebrated the return of Donald Trump to the White House in recent weeks and the momentum is unlikely to fade anytime soon, as per BCA Research analyst Dhaval Joshi.

Joshi expects BTC to eventually be worth more than $200,000.

He sees Bitcoin as a non-confiscatable asset that accounts for under 10% of the total market for such assets. “As bitcoin’s share of this market increases, and the supply of bitcoins reaches its upper limit, bitcoin’s price has substantial upside,” he told clients in a recent research note.

Bitcoin mining stocks tend to be an incredible investment vehicle to play the expected strength in Bitcoin. They even outperformed BTC in bull markets before 2024.   

Having said that, here are the top 2 crypto mining stocks that are worth owning as BCA Research forecasts Bitcoin to hit $200,000 in the coming years.

CleanSpark Inc (NASDAQ: CLSK)

CleanSpark is a pure-play crypto miner that stands to benefit from a continued rally in Bitcoin.

The company based out of Henderson, Nevada more than doubled its revenue to $104 million and that momentum will likely get stronger only as BTC extends its gains in 2025.

Bitcoin price increase is typically a tailwind for crypto mining stocks at large as it tends to boost their profitability. Bitcoin miners earn rewards in Bitcoin for verifying transactions. So, when the BTC price rallies, their mining rewards are worth more.

But CLSK looks particularly well positioned to benefit from Bitcoin strength as it’s currently down about 45% versus its year-to-date high in late March.

CleanSpark stock does not, however, pay a dividend.

Riot Platforms Inc (NASDAQ: RIOT)

Riot Platforms has been a disappointment for its shareholders this year but that could change in the coming months as Bitcoin continues its journey towards the projected $200,000.

That’s because it currently owns and operates the largest Bitcoin mining facility in terms of developed capacity in North America.

“Riot has 1 GW+ energy assets and is positioned to be amongst the top three miners. Investors like miners for energy and AI optionality, but it’s time to buy bitcoin miners for the bitcoin trade,” Bernstein analyst Gautam Chhugani wrote in a recent note.

Donald Trump has already committed to all Bitcoin to be mined in the US. Riot stock could benefit as the 47^th President of the United States delivers on that promise.

Riot Platforms came in 7.5% below experts’ forecast in its latest reported quarter.

But its stock remains worth owning as the management expects revenue to grow by 51% on average over the next three years.

Much like shares of CleanSpark Inc., Riot Platforms does not pay a dividend in writing either.  

The post Top 2 crypto mining stocks to buy as analyst forecasts Bitcoin hitting $200,000 appeared first on Invezz

Nio stock price has suffered a harsh reversal as Chinese companies reacted to recent election of Donald Trump to be the next president of the United States. Nio shares have plunged to $4.50, the lowest level since September this year. It has dropped by over 41% from its highest level in October.

Nio stock crashes ahead of earnings

Nio shares will be in the spotlight this week as the Chinese EV company publishes its quarterly financial results. 

These numbers will provide more color about its business after the launch of ONVO, its newest brand that has received thousands of orders. 

The most recent update showed that Nio delivered 21,181 vehicles in September and 61,855 in the third quarter. The monthly deliveries were up by 35% YoY, while the quarterly figures were 11% higher than what it sold in the same period last year.

These numbers meant that the company was still seeing strong demand for its vehicles. It is also stronger growth than other popular EV brands, including Tesla, whose revenue rose by 7.8% in the same period. 

Nio’s second-quarter results showed that its vehicle sales rose to RMB 15.6 billion, while its gross margin rose to 9.7%. The margin growth is a sign that the company’s business is doing well as pricing stabilizes. 

Analysts expect that Nio’s revenue will come in at $2.67 billion, up from $2.65 billion in the same period last year. 

Most importantly, Nio is reducing its losses, as its net loss moved from RMB 5.18 billion to RMB 5.04 billion. 

Nio has also made more progress in the past few months. For example, the company received a RMB 3.3 billion investment from Hefei Jianheng New Energy. This fundraising came a few months after the company received $2.2 billion from  CYVN, a top Abu Dhabi investment firm. CYVN now owns a 20% stake in the company.

These funds have helped the company to have a strong balance sheet at a time when it is investing in its battery infrastructure and manufacturing. The company expects that its cash burn will continue for a while and that it will become profitable soon. 

Read more: Nio stock price could enter beast mode, thanks to these catalysts

Nio is moderately undervalued

Analysts believe that Nio is a fairly undervalued company, as its price-to-sales ratio has continued falling. It moved to 0.9662, its lowest level since September 5. It has dropped below the year-to-date high of 2.05. 

In contrast, Li Auto has a P/S ratio of 1.11, while XPeng has a multiple of 2.33. Tesla, which has regained its $1 trillion valuation, has a multiple of 10.5. 

Therefore, these numbers mean that the company was trading at a bargain price, which could make it an attractive investment. This explains why analysts have a positive Nio share price forecast. The average estimate is that the stock will rise to $48.3, much higher than the current $4.8

There are reasons for this view. For one, there is a risk of the slowing demand and increased competition in China. Also, its international expansion process may struggle as concerns about tariffs rise. 

Nio stock price analysis

NIO chart by TradingView

The daily chart shows that the Nio share price has been on a steep sell-off in the past few weeks. It has dropped from $7.71 in October to $4.50 today. Along the way, it moved below the important support at $6.06, its highest level in May this year. 

Nio has also dropped below the 50-day and 200-day Exponential Moving Averages (EMA). Also, the Relative Strength Index (RSI) and the MACD indicators have all pointed downwards. 

Therefore, the stock may continue falling as sellers target the next key support level at $3.67, its lowest level in August. Such a price action would imply a 19% drop from the current level.  The alternative scenario is where Nio bounces back and retests the key resistance level at $6. 

The post Nio stock price forecast: brace for impact on Nov. 20 appeared first on Invezz

ZIM Integrated stock price rallied for three consecutive weeks and reached its highest level since August 2022. It has soared by over 334% from its lowest level in 2023, making it one of the best-performing companies in Wall Street. This rally has brought its market cap to over $3.12 billion.

ZIM Integrated stock rises ahead of earnings

ZIM Integrated Shipping share price has done well in the past few months, helped by strong demand, higher shipping prices, and its fleet modernisation strategy.

The most recent financial results revealed that the company’s revenues rose by 48% in the second quarter to $1.98 billion. This growth happened as its carried volume soared to 952,000 TEUs, a 11% increase, while the average freight rate jumped to $1.674, a 40% jump. 

Shipping prices rose mostly because of the ongoing crisis in the Middle East that has reduced the number of ships traveling through the Red Sea. There are also concerns about the falling water levels in the Panama Canal.

Consequently, ZIM Integrated’s net income jumped to $373 million, a big increase from the $213 million loss it made in the second quarter of last year. 

Its adjusted EBITDA for the quarter was $766 million, a 179% annual increase. As a result, the company decided to pay a dividend of $112 million, as part of its policy to return a part of its profits to shareholders. 

The company also boosted its full-year guidance. Its full-year guidance for EBITDA will be between $2.6 billion and $3 billion. Its adjusted EBIT will be between $1.45 billion and $1.85 billion. 

The next key catalyst for the ZIM Integrated stock price will be its earnings, which are scheduled on November 20.

Analysts expect these numbers to show that its revenue rose by 89.5% in the third quarter to $2.41 billion. They also see its fourth-quarter revenue rising by 53.9% to $1.86 billion. For the year, analysts expect that its annual revenue will be $7.6 billion, a 47% increase from 2023.

ZIM Integrated stock has also restructured it Cross-Atlantic services linking the Mediterranean with North and South America. The new structure will start in February next year.

Substantial risks remain

ZIM stock price has also surged after the Federal Reserve and other central banks have started cutting interest rates. Lower rates reduce the cost of borrowing, which leads to more consumer spending.

However, the company has some substantial risks that could impact its stock price. First, global shipping costs are falling. Data by Drewry shows that the World Container Index has dropped from the year-to-date high of $5,900 to $3,440. 

That is a sign that its business growth will start slowing in 2025. Indeed, analysts expect its revenue will be $6.1 billion in 2025. They also see its earnings per share falling from a profit of $12.3 this year to a $1.01 loss in 2026. If this happens, it means that the firm will be forced to pause its dividend.

The other potential risk for the firm is Trump’s trade wars, which could disrupt demand in the coming months. 

ZIM Integrated stock analysis

ZIM chart by TradingView

The weekly chart shows that the ZIM share price has been in a strong bull run in the past few months. However, there is a risk that it could suffer a harsh reversal in the coming days or weeks.

It has formed a rising wedge pattern, which is one of the most popular bearish signs in the market. This breakout typically happens when the two lines are about to get to their confluence level.

The stock has also moved to the fifth phase of the Elliot Wave. Therefore, there is a risk that it could move to the correction wave, leading to a pull back. If this happens, the next point to watch will be at $20, which is about 23% below the current level. 

The post Here’s why the ZIM Integrated stock could slip 20% after earnings appeared first on Invezz

Shares of Samsung Electronics Co. surged by as much as 7.5% in Seoul trading on Monday after the company announced a surprising buyback plan valued at 10 trillion won ($7.2 billion) over the next year.

This rise built on the 7.2% gain observed on Friday ahead of the announcement.

Despite these recent gains, the shares are still down approximately 28% this year, a decline fuelled by concerns over Samsung’s competitive position in the AI-focused memory chip market, where it has struggled to keep up with key players.

Buyback plan to support stock and strengthen family control

Analysts view the substantial buyback as a strategic move likely to bolster the stock and provide immediate relief to investors, Bloomberg said.

“The sudden buyback comes as a positive surprise to us, and we believe Samsung’s management is proactively aiming to prevent further share price decline,” said JPMorgan Chase & Co. analyst Jay Kwon.

The buyback is also expected to have implications for Samsung’s founding Lee family, allowing them to tighten their grip on the company by reducing the number of shares held by external investors.

Sanghyun Park of Clepsydra Capital emphasized that this move could assist the Lee family in handling collateral requirements linked to their substantial inheritance tax obligations.

The family has been paying this tax in installments, using group company shares as collateral.

Some family members have also pledged stock for loans from financial institutions, which carries the risk of margin calls if the stock price dips below critical levels.

Immediate and long-term market effects

The first phase of the buyback plan, which will last until February 2025, involves purchasing and canceling shares worth about 3 trillion won.

Samsung’s board will deliberate on the most effective strategy for deploying the remaining 7 trillion won in the months that follow.

Park noted, “Local desks have been buzzing since last week about Samsung potentially pulling a short-term price pop to deal with the family’s collateral squeeze.

The stock’s probably gonna camp comfortably above the 53,000 won margin call danger zone for a while.”

Competing in the AI chip market and future strategies

The announcement comes at a time when Samsung’s chip division is facing fierce competition, particularly from Taiwan Semiconductor Manufacturing Co. (TSMC) and others that have captured a leading position in AI chip production.

While Samsung has stated it has made “meaningful” progress in AI memory chips, analysts believe more significant changes may be necessary.

Citigroup Inc. analyst Peter Lee remarked, “We anticipate the possibility of a management reshuffle in late November, with potential for significant changes in chip operations. T

These moves, along with the buyback, should be well-received by the market.”

Part of a wider regulatory push

The buyback plan also aligns with broader efforts by South Korea’s government and market regulators to enhance the valuation of domestic stocks.

In prior years, Samsung engaged in major repurchase programs, including 9.3 trillion won in 2017 and 11.3 trillion won in 2015, demonstrating its ongoing commitment to shareholder value even amid challenging market conditions.

The post Samsung shares jump on buyback plan. Here’s what analysts have to say about it appeared first on Invezz

Lucid Group stock price tumbled to a record low last week as investors remained concerned about Donald Trump’s threat to end tax credits for electric vehicles. LCID shares plunged to a low of $1.93 on Friday, bringing the year-to-date losses to 52%. This crash makes it one of the worst-performing companies in Wall Street this year. 

Lucid Group cash burn is continuing

Lucid Group share price has been in a steep sell-off as the cash burn accelerated and its revenue growth slowed. 

Results released recently showed that Lucid’s revenue came in at $200 million in the second quarter, an increase from $137 million in the same period last year. Its nine-month revenue rose to $573 million.

At the same time, its quarterly loss rose to $990 million in the last quarter and to $2.4 billion in the first nine months of the year. The company made a net loss of $630 million and $2.17 billion in the same period. 

Lucid Group’s cash burn is expected to continue this year, with its net loss per share coming in at $1.16. 

On the positive side, Lucid Group’s deliveries are increasing, hitting a record high in the third quarter. The company is also making progress to reduce costs, especially now that it has started deliveries for its Gravity SUV. Earlier this year, it slashed 400 jobs or 6% of its workforce after raising $1 billion to boost its balance sheet.

Trump’s tax credit

The other positive factor is that the company has said that it will be immune if Donald Trump nixes the EV tax credit, one of the top reasons the stock has tumbled. 

In a statement, the CEO Peter Rawlinson, said that its vehicles are not eligible for the tax credit because they are more expensive, with the base sedan starting at $69,900. 

We believe that Trump will not nix the tax credit, which is supported by most automakers. Additionally, Trump has become a close associate with Elon Musk, the CEO of Tesla, a company that has benefited from these credits. 

The other potential catalyst for the Lucid stock is its Gravity SUV, which starts at $79,900, with the Gravity Grand Touring going for $94,900. These vehicles have over 440 miles of range, making them more ideal than competitors. 

Therefore, there is a likelihood that many wealthy environment-conscious customers will opt for the vehicles. 

Additionally, analysts believe that Lucid Group’s growth will accelerate. The average revenue estimate for the year is $768 million, a 29% increase from what it made last year. This revenue figure will be followed by $1.75 billion in 2023.

The challenge, however, is that Lucid will continue burning cash and diluting its shareholders. Over time, its outstanding shares have risen from 207 million in 2021 to 2.38 billion today. 

Read more: Despite Lucid’s stock plunge, here’s why I see a bright future for the company

Lucid Group stock price analysis

The daily chart shows that the LCID share price has been in a strong sell-off in the past few months. It dropped below the important support level at $2.81, its lowest level on August 5, and the neckline of the double-top pattern at $4.33. 

Lucid has also dropped below the key support at $2.30, its lowest point on April 23rd. It has also remained below the 50-day and 100-day moving averages. The Relative Strength Index (RSI) and the MACD indicators have all pointed downwards. 

Therefore, the path of the least resistance for the shares is downwards, with a potential for even hitting $1 in the near term. In the long term, however, Lucid Group share price will bounce back as it reduces its net loss and grows its profits. 

The post Lucid Group stock plunged to $2: Could LCID crash to $1? appeared first on Invezz