Nissan is the latest global carmaker to pledge billions of dollars of new investment to try to boost its position in China, the world’s largest auto market.
The Japanese company said in a statement Monday it will spend 60 billion yuan ($9.5 billion) alongside its Chinese partner over the next five years. Under the plans, China will overtake the U.S. to become Nissan’s biggest market by far.
Like other major auto brands, Nissan (NSANF) is betting big on electric vehicles in China: it said Monday it’s aiming to introduce 20 new models there. More electric cars are sold in China than anywhere else on the planet.
Nissan operates in China through a joint venture with local manufacturer Dongfeng Motor Group (DNFGY). The venture aims to sell 2.6 million vehicles a year by 2022, up from 1.5 million in 2017. Revenue in China is expected to hit 300 billion yuan ($48 billion) in the same year, Nissan said.
Beijing has pushed automakers to ramp up electric-vehicle manufacturing and even said it’s considering eventually banning the production and sale of vehicles powered solely by fossil fuels.
Best China Stocks To Invest In Right Now: Berkshire Hathaway Inc. (BRK-B)
- [By Motley Fool Staff]
Wells Fargo(NYSE:WFC) is one of Berkshire Hathaway’s(NYSE:BRK-A)(NYSE:BRK-B) largest stock investments, and according to Warren Buffett’s comments at Berkshire’s recent annual meeting, there’s no reason to believe that will change soon.
- [By Matthew Frankel]
Often referred to as “Woodstock for Capitalists,” Berkshire Hathaway’s (NYSE:BRK-A) (NYSE:BRK-B) annual meeting is an event many Warren Buffett followers look forward to all year.
- [By Billy Duberstein]
In a recent interview, Berkshire Hathaway’s (NYSE: BRK-A) (NYSE: BRK-B) vice Chairman Charlie Munger expressed enthusiasm for investing in China, claiming U.S. investors were under-exposed to the country, and that “the best companies in China are cheaper than the best companies in the United States.”
Best China Stocks To Invest In Right Now: Centennial Resource Development, Inc. (CDEV)
- [By Lisa Levin] Gainers
Liberty TripAdvisor Holdings, Inc. (NASDAQ: LTRPA) shares jumped 31.6 percent to $12.18 following TripAdvisor Q1 earnings beat.
ZAGG Inc (NASDAQ: ZAGG) rose 26.5 percent to $14.55 after the company posted better-than-expected Q1 earnings.
OPKO Health, Inc. (NASDAQ: OPK) shares gained 25 percent to $4.0234 following Q1 beat.
Axon Enterprise, Inc. (NASDAQ: AAXN) jumped 23.5 percent to $55.12 following a big Q1 beat. The company raised its fiscal 2018 sales growth guidance from 16-18 percent to 18-20 percent.
Penn Virginia Corporation (NASDAQ: PVAC) gained 23.3 percent to $59.00 after reporting Q1 results.
TripAdvisor, Inc. (NASDAQ: TRIP) rose 22.5 percent to $47.51 after the company reported stronger-than-expected results for its first quarter on Tuesday.
Sears Holdings Corporation (NASDAQ: SHLD) shares surged 21.7 percent to $3.36. Amazon.com's partnership with Sears started in 2017 with an agreement to sell Kenmore-branded appliances online. On Wednesday, the companies announced an extension of their relationship to now include tire delivery and installations.
EP Energy Corporation (NYSE: EPE) jumped 21.3 percent to $2.68 following Q1 results.
LendingClub Corporation (NYSE: LC) surged 20.4 percent to $3.395 following better-than-expected Q1 earnings.
Superior Industries International, Inc. (NYSE: SUP) gained 19 percent to $15.82 after reporting Q1 results.
Bellicum Pharmaceuticals, Inc. (NASDAQ: BLCM) shares rose 18.5 percent to $8.13 following Q1 results.
Twilio Inc. (NYSE: TWLO) rose 18.3 percent to $52.47 after the company posted strong quarterly results.
Cerus Corporation (NASDAQ: CERS) shares jumped 18.3 percent to $6.47 following quarterly results.
IEC Electronics Corp. (NYSE: IEC) shares climbed 17 percent to $4.68 after reporting better-than-expected quarterly earnings.
New Relic, Inc. (NYSE: NEWR) rose 16.8 percent to $90.10 following Q4 results.
Gulfport Energy Corporation (NASDAQ: GPOR)
- [By Lisa Levin] Gainers
Amedica Corporation (NASDAQ: AMDA) rose 31.3 percent to $4.11 in pre-market trading after climbing 181.98 percent on Tuesday.
ZAGG Inc (NASDAQ: ZAGG) rose 18.7 percent to $13.65 in pre-market trading after the company posted better-than-expected Q1 earnings.
TripAdvisor, Inc. (NASDAQ: TRIP) rose 18.6 percent to $46.00 in pre-market trading after the company reported stronger-than-expected results for its first quarter on Tuesday.
TransEnterix, Inc. (NYSE: TRXC) shares rose 15 percent to $2.08 in pre-market trading after reporting Q4 results.
Axon Enterprise, Inc. (NASDAQ: AAXN) rose 9.8 percent to $49.00 in pre-market trading following a big Q1 beat. The company raised its fiscal 2018 sales growth guidance from 16-18 percent to 18-20 percent.
Centennial Resource Development, Inc. (NASDAQ: CDEV) shares rose 8.1 percent to $21.06 in pre-market trading following Q1 results.
OPKO Health, Inc. (NASDAQ: OPK) shares rose 6.8 percent to $3.44 in pre-market trading following Q1 beat.
Tel-Instrument Electronics Corp. (NYSE: TIK) rose 6.7 percent to $3.20 in pre-market trading after surging 25.37 percent on Tuesday.
KBS Fashion Group Limited (NASDAQ: KBSF) rose 6.4 percent to $5.84 in pre-market trading after jumping 9.36 percent on Tuesday.
Arrowhead Pharmaceuticals, Inc. (NASDAQ: ARWR) rose 6.6 percent to $8.26 in pre-market trading after reporting Q2 earnings.
New Relic, Inc. (NYSE: NEWR) rose 6.3 percent to $82.00 in pre-market trading following Q4 results.
Match Group, Inc. (NASDAQ: MTCH) rose 5.8 percent to $38.43 in pre-market trading after reporting upbeat Q1 earnings.
Prestige Brands Holdings, Inc. (NYSE: PBH) rose 5.2 percent to $30.62 in pre-market trading.
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Best China Stocks To Invest In Right Now: Gol Linhas Aereas Inteligentes S.A.(GOL)
- [By Max Byerly]
Gol Transportes A茅reos (NYSE:GOL) shares traded down 5.4% on Monday . The company traded as low as $9.72 and last traded at $9.75. 524,965 shares traded hands during mid-day trading, an increase of 40% from the average session volume of 374,811 shares. The stock had previously closed at $10.31.
Best China Stocks To Invest In Right Now: Credit Acceptance Corporation(CACC)
- [By Logan Wallace]
Credit Acceptance (NASDAQ:CACC) last posted its earnings results on Thursday, May 3rd. The credit services provider reported $6.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $6.19 by ($0.08). The company had revenue of $295.60 million for the quarter, compared to analysts’ expectations of $296.16 million. Credit Acceptance had a net margin of 43.49% and a return on equity of 29.44%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.67 EPS. equities research analysts anticipate that Credit Acceptance will post 26.04 EPS for the current fiscal year.