China's Stimulus Boosts Under $10 NIO Stock - Worth Buying?
NIO(NIO) ZACKS·2024-09-26 04:05
So far this year, the Nasdaq soared more than 18%, whereas one of its listed stocks, electric vehicle (EV) manufacturer NIO Inc. (NIO) gave investors little to celebrate, down 34.5%, and indicated apprehensions about the slowdown in China's economy. Image Source: Zacks Investment Research However, the NIO stock is poised to accelerate with China's new stimulus, encouraging quarterly results and promising outlooks. Is it the right time to buy, or are there other factors to weigh? Let's find out. NIO Stock So ...