Top 4 Undervalued Stocks for 2024

Smart investors are always trying to get the best possible deal on whatever security or asset they are buying. The better the deal, the higher the chance of generating a substantial ROI. Within this report you'll find 4 stocks selling below intrinsic value with growth potential.

By clicking the link above you will automatically opt-in to receive emails from FinStrategist

5 cars from the Beijing auto show that reflect China's vision for the future of driving

KEN MORITSUGU
April 26, 2024

BEIJING (AP) -- China's vision of the future of the automobile -- electrified and digitally connected -- is on display at the ongoing Beijing auto show.

Organizers say that 117 new models are making their debut at Auto China 2024, which runs through May 4. They range from eye-poppingly cutting edge to more subtle novelties.

THE CONNECTED CAR

One of the biggest mob scenes was for the opening day presentation by Xiaomi, a major Chinese maker of smartphones and trendy, affordable smart appliances aimed at younger generations that's entering the car market for the first time.

Xiaomi announced that it had received more than 75,000 orders in the four weeks since the launch of its first car, the SU7, with a list price of 215,900 to 299,900 yuan ($29,800-$41,400).

Why is a phone company making a car? Analysts say connectivity. Consumer technology companies want to connect the lives of their customers across all their devices -- phones, laptops, televisions and now cars.

"It starts with the concept of the third place," said Beatrix Keim, the China director at German auto research center CAR. "Because nowadays people are at the office, at home and then mainly they're spending the time in the car."

The approach works well in China, a highly digital society where e-payments are the norm and the convenience of connectivity trumps privacy concerns for most.

Chinese telecom giant Huawei has ventured into the car business too. Apple explored the idea but dropped it earlier this year.

THE CAR AS LIVING SPACE

Some Chinese makers are taking the idea of a third space to new heights.

Zeekr unveiled the Mix, an electric vehicle with an interior that can transform into a small room while parked. The front seats swivel to face the back ones, with a table in between that a company executive told the crowd could be used to play card games or enjoy a Chinese hot-pot meal.

Stefan Sielaff, the design director of Zeekr, described the Mix as "a nice experiment" focusing on younger families.

"I wouldn't even call it a car or an MPV or a van," he said. "It's more a lifestyle capsule. It's an iPod on wheels."

It will be the fifth model for Zeekr, a 2 1/2-year-old premium EV brand of China's Geely group, a major maker that owns Volvo and has designers in Sweden and Shanghai.

The Mix will go on sale in China by the end of June, the company said. Its selling price has not been announced.

THE HYBRID APPROACH

An EV boom in China that started three years ago has eaten into the market for gasoline-powered cars, but they are not dead yet.

So says Chery Automobile Co., China's biggest exporter, which told its auto show audience that it would continue to develop gasoline cars as well as EVs and hybrids.

Its EXEED Yaoguang C-DM, a hybrid SUV launched last month, was one of four vehicles it highlighted -- two hybrids and two EVs.

The Yaoguang SUV sells for 159,800 to 225,800 yuan ($22,000-$31,000) in China and is also aimed at overseas markets, a company news release said.

Hybrids, which have lagged EVs in China, are now seen as a growth opportunity. Last year, 2.6 million new hybrids were sold in China, about half the number of EVs. Together, they accounted for 36% of the market.

THE LUXURY TANK

Chinese EV maker BYD, known for its low-cost battery technology and cars, is also going after the high-end market in China, defined as 1 million yuan ($140,000) and up.

Its Yangwang brand introduced the latest version of the U8, a monster of an off-road SUV that was launched last September and is designed for survival in rugged conditions. It comes with a satellite phone in case a driver gets stuck beyond cell phone range.

The U8 is built on a platform that enables it to turn on the spot, like a tank. It's priced at 1.1 million yuan ($150,000). For 100,000 yuan ($13,800) more, buyers can add a built-in drone system.

A SIMPLER APPROACH

Volvo, the Swedish brand now under Geely, offered an answer for those overwhelmed by technology.

"The current EV market is marked by a prevalent trend of excess and addition," said Roger Yu, Volvo's managing director for sales in greater China.

He introduced the EX30 electric SUV as a user-friendly vehicle with a sophisticated sound system and a tablet screen that are both easy to use.

"By subtracting for ease of use and adding for safety, Volvo aims to give users the clearest interface, the most user-friendly operation, and the most reassuring intelligent experience," he said of the in-car screen.

The company announced that the EX30 would sell in China for 210,000 to 260,000 yuan ($29,000-$36,000).

___

Associated Press researcher Yu Bing and video producer Olivia Zhang contributed.

Continue Reading...

Popular

'Dogecoin Killer' Shiba Inu Burn Rate Spikes 800%, Crypto Market Rallies As Sentiment Soars And More: This Week In Cryptocurrency

The week was a rollercoaster ride for the cryptocurrency market. The crypto world was buzzing with news, from Shiba Inu’s surging burn rate to speculation of certain altcoins becoming irrelevant.

Elon Musk, Mark Zuckerberg Missing From AI Safety Board, MKBHD Reviews Rabbit R1 And More: This Week In AI News

This week was full of news from the tech and investment world, including Musk's thoughts on AI, Wood's significant trades, Intel's popularity on Reddit, and MKBHD's review of a new AI device.

Bitcoin Gained 164% in 2023 but Crypto Millionaire Abandoned It for This - Ad

A certain crypto genius and millionaire has been praising Bitcoin since it was trading for $61. Even though it gained 164% last year, he's now recommending a different cryptocurrency. In fact, he's betting his own money on and buying it like crazy.

Angel Reese, Cardoso debuts watched widely on fan's livestream after WNBA is unable to broadcast

The WNBA debuts of Angel Reese and Kamilla Cardoso were widely watched on a social media who stepped in when the league's app couldn't broadcast the game.

One Crypto Can Change Your Financial Life - Ad

The catch is you won't be able to become a millionaire by buying Bitcoin today. There are five little-known coins I've discovered that I believe will skyrocket over the course of the next few months.

Lilly rides Mounjaro, Zepbound to better-than-expected 1Q profit despite supply issues

Rapidly climbing sales of the and its counterpart for diabetes, Mounjaro, pushed Eli Lilly to a better-than-expected first-quarter profit.

Southwest Airlines is considering changes to its quirky boarding and seating practices

DALLAS (AP) — Southwest Airlines is studying changes to its quirky boarding and seating policies as it searches for ways to .

Jeff Bezos Just Humiliated Elon Musk - Ad

Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.

Campaign to build new California city submits signatures to get on November ballot

SAN FRANCISCO (AP) — A wealthy Silicon Valley-backed campaign to build a green city for up to 400,000 people in the San Francisco Bay Area has submitted what it says are enough signatures to qualify the initiative for the November election.

Top 3 Real Estate Stocks That Are Set To Fly In April

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down.

This Is Where the World's Richest Men Are Putting Their Money - Ad

Bill Gates, Peter Thiel, Mark Zuckerberg -- they're pouring millions into something we call Imperium technology. And you can invest in this tech alongside them starting with just $10. Bill Gates called Imperium "one of the most powerful technologies of the 21st century."

Demand Soars For Novo Nordisk's Weight-Loss Drug Wegovy Despite Supply Constraints And Eli Lilly Competition

The Danish pharmaceutical company is now shipping more introductory doses of Wegovy to the U.S., as it grapples with supply constraints and competition from Eli Lilly.

Berkshire's profit plunges 64% on portfolio holdings as Buffett it sells Apple

OMAHA, Neb. (AP) — Berkshire Hathaway's first quarter profits plummeted along with the paper value of its investments, but that most of the businesses it owns outright performed well.

Defi Coin Triggers All "Buy" Signals and Could Break Out Soon - Ad

Some are calling this the most promising DeFi project since Ethereum itself. Here's the #1 DeFi Coin Set to Soar. While Bitcoin grabs headlines, this lesser known DeFi coin is quietly gearing up for a monster rally. Experts say now is the time to buy before it reaches escape velocity.

Jim Cramer Explains What Could Trigger Further Market Decline: 'If You Want To Get Out, Go Ahead ...'

CNBC host Jim Cramer has outlined potential factors that could lead to further market decline, advising investors to be cautious about their buying and selling decisions.

North Korea is buying Chinese surveillance cameras in a push to tighten control, report says

SEOUL, South Korea (AP) — North Korea is putting surveillance cameras in schools and workplaces and collecting fingerprints, photographs and other biometric information from its citizens in a technology-driven push to monitor its population even more closely, a report said Tuesday.

"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..." - Ad

The former Goldman Sachs VP -- who called everything from Microsoft's 1,100% surge... to the death of the 60/40 portfolio -- is now stepping forward with his most explicit message yet: "Make this ONE STOCK the cornerstone of your portfolio."

Three groups are suing New Jersey to block an offshore wind farm

LONG BEACH TOWNSHIP, N.J. (AP) — Three anti-wind power groups are suing New Jersey to overturn a key environmental approval for a wind energy farm planned off the coast of Long Beach Island.

South Sudan removes newly imposed taxes that had triggered suspension of UN food airdrops

JUNA, South Sudan (AP) — Following an appeal from the United Nations, removed recently imposed taxes and fees that had triggered suspension of U.N. food airdrops. Thousands of people in the country depend on aid from the outside.

Buy This A.I. Stock Before Elon's "A.I. Day" on May 16 - Ad

Luke Lango is now recommending this little-known A.I. stock because it could supply Elon Musk with a critical piece of infrastructure for his new A.I. venture, something Luke is calling "Elon's A.I. 2.0". Once Elon reveals it on May 16, you may have missed the biggest gains.

How Much Will Taylor Swift's Net Worth Grow With 'The Tortured Poets Department'?

How much will Taylor Swift's 'The Tortured Poets Department' boost her net worth? Get expert insights here

RTX Soars Above Estimates in Q1, Reiterates FY24 Outlook

RTX Corporation (NYSE: RTX) reported 12% increase in Q1 FY24 net sales to $19.3 billion, beating consensus. Collins Aerospace and Pratt & Whitney drove the growth.

The No. 1 Crypto for 2024 - Ad

We're entering the final crypto bull run, and 2024 will be your last chance to ever get rich from crypto. These five tiny cryptos are believed to create generational wealth over the next 12 months. $30 trillion is poised to funnel into the crypto markets thanks to a new government regulation just signed.

Netflix Stock Sized Up By 7 Analysts Post Q1 Results: 'Pivot From A High-Growth, Low-Profit Business To A Slow-Growth, High-Profit Business'

Streaming leader Netflix reported first quarter financial results that were higher than estimates. The company's outlook and decision to stop reporting subscriber figures are weighing on analysts.

Elon Musk's FSD Is The End Of Manual Driving? Tesla Bull Gene Munster Believes 'Somebody Born Today Is Probably Never Going To Drive A Car'

Tesla has decided to reduce the price of its 'full self-driving' subscription by half to $99 per month. This decision has led Gene Munster, Managing Partner at Deepwater Asset Management, to predict the end of manual driving.

America's Final Republican President - Ad

Louis Navellier believes Donald J. Trump could go down as America's last Republican president. But NOT for the reasons you may think... If he's right, the soul of this country will change forever...

A strong quarter for Wall Street lifts Goldman's first-quarter results

NEW YORK (AP) — Goldman Sachs said it saw a double digit rise in its first quarter profits on Monday, lifted broadly by the stock and bond markets' performances in the first months of the year.

NOT Bitcoin or Options... But Already Making Folks Rich in 2024 - Ad

Former Goldman Sachs Trader Dr. David Eifrig just stepped forward with a way to protect your money this November -- no matter who wins the presidential seat. In fact, election chaos will likely make this even better. It's a "secret" of the rich and connected that 99% of folks don't know about...

TotalEnergies Trades Mature Assets for Growth In Low-Emission Congolese Oil Field

TotalEnergies SE has signed a deal with Trident Energy for purchase and sale transactions in Congo, increasing its stake in the Moho license and selling its interests in the Nkossa and Nsoko II licenses.

A.I. Pioneer Issues Urgent Warning to Americans - Ad

According to one early A.I. pioneer: "You can either use this as an unfair advantage to grow your wealth, or you can let it ravage your retirement savings. There's no middle option."

5 Wall Street Legends Just Bought This One Stock - Ad

"If you're not at the table, you're on the menu," says former Goldman Sachs VP, Dr. David Eifrig.

Alibaba Rival Temu Joins Tech Giants List Under EU Scrutiny, Crosses User Threshold for Enhanced Regulation

Temu, rival of Alibaba Group, will face strict EU regulations for online content as its monthly users in Europe surpass 45 million threshold.

Insiders Buying Ashford And 1 Other Stock

Although U.S. stocks closed mixed on Tuesday, there were a few notable insider trades.

READ THIS If You Missed Out on the AI Boom - Ad

Radical new biotechnology predicted to grow 320,000% in 3 years. Nvidia's CEO calls it "the next amazing revolution." And one small company poised to dominate this revolution trades for just $10.

Coinbase Global Is 'Doing Almost Everything Right': 7 Analysts React To Q1 Results

Coinbase reported Q1 adjusted earnings of $4.40 per share, significantly beating Street expectations as total revenues grew 112%

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service