Hey there, finance fans and welcome back to YT Finance! It’s an exciting time in the world of electric vehicles, and I’ve got some hot tips for you on NIO, ChargePoint, and BYD. First up, NIO – despite some concerns over its latest earnings report and guidance, we’re still feeling bullish on this Chinese EV company. Yes, the stock may be volatile in the short term, but we believe that NIO is a growth stock that will recover meaningfully in FY2023. Plus, with 23 out of 31 analysts recommending a buy rating, we’re in good company. And with a potential 79-87% upside, there’s plenty of reason to be excited about this stock. But, as always, investors need to exercise caution, especially given the risks associated with the Chinese market. Now, let’s talk about ChargePoint. This EV charging network may not manufacture vehicles, but it’s still a top pick for us. Despite a rough 2022, ChargePoint’s finances are currently stable, and we expect to see sales increase by over 55% this year. Plus, with the U.S. government’s push for more public EV chargers, there’s plenty of room for growth. While the stock may have limited upside from its current average of $12.64 per share, we think it’s still one to watch closely. Finally, we come to BYD, which may not be the first name that comes to mind when you think of EVs, but it’s actually the leading EV stock in the world when it comes to total volume sold. And with projected net profits increasing by approximately fivefold in 2023 compared to 2022, it’s no wonder that long-term investors like Warren Buffett and Charlie Munger are getting in on the action. In fact, Munger himself has said that BYD is his preferred stock of all time, and that it’s far ahead of Tesla in China. With a preannounced fourth-quarter profit range of 6.7 billion to 7.7 billion yuan, there’s a lot to be excited about when it comes to BYD. So, there you have it, folks – our top picks for the world of electric vehicles. As always, do your own research and invest wisely.
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Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice or financial advice and it should not be taken as investment advice or financial advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment and or educational purposes only.
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