HomeMarketsIndicesNio, Li Auto, XPeng, Amazon, Nike Stock Talk
Nio, Li Auto, XPeng, Amazon, Nike Stock Talk

The stock market today opened higher following Tuesday’s declines. Also, the crude oil price is rising before the OPEC+ meeting this week. How do China lockdowns impact the market? Shawn Cruz weighs in on Amazon (AMZN) stock price target being cut to $3,450 from $3,600 at JMP Securities. The analyst stated that the company is well positioned to navigate inflationary headwinds. How does AMZN compare to other big tech stocks like Alphabet (GOOGL), Meta Platforms (FB), and Apple (AAPL)? Next, Wells Fargo cut the Nike (NKE) stock price to $150 from $165. The analyst said that based on checks, trends in the fourth quarter are likely to be tough. However, Nike is well positioned to maintain its number one share in mainland China. Finally, Cruz discusses Nio Inc. (NIO), Li Auto (LI), and XPeng (XPEV) reporting May vehicle deliveries. Can these electric vehicle makers compare to Tesla (TSLA)?

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