NIKOLA - Short As Soon As Possible. The last analysis I did for Nikola was 2 weeks ago and I told you guys, if you want 20% profit buy Nikola and we saw it went up from 30 to $38. Now I think this is the moment to short because the next stop is 200D moving average (23) if the support level at 30 doesn't hold. GOOD LUCK
Nikolamotors
NIKOLA CORP BUY the DIPHi MoneyTraders,
the fundamential situation wasnt the best but the future looks very promising.
A previous purchae of a 1 Million square meters for a factory show a strong liquidity of NIKOLA as investors seem to believe into the company.
Besides that we see a technical level which is a demand zone right at the peek of the first wave ofe the entire impuls and give us a nice opportunity to buy.
LEAVE A LIKE AND A COMMENT to support my work. :-)
Peace
Get rich or die trading
NKLA Nikola Corporation - the new Tesla? If the fuel of future cars will be hydrogen, then Nikola is already there, offering long miles hydrogen electric powertrains.
Nikola Motor Company is a pioneer in electric heavy duty applications. Nikola offers both pure electric and also hydrogen electric powertrains.
Nikola Badger EV pickup will debut at Nikola World 2020 in December offering 0-60 MPH in 2.9 Seconds and a Range of 600 Miles, 906 HP, 980 ft. lbs. of torque, 15 kilowatt power export with 220V and 110V.
Even though the Market Capitalization of 19.575B is high, investors continue to bet on the growth potential of electric transportation.
On 6/17/2020 Cowen brokerage Initiated Coverage to Outperform and put the target price at $79.00.
The indicators show a buy signal on most of the timeframes.
If you are interested to test some amazing buy and sell indicators, which give the signal at the beginning of the candle, not at the end of it, like others, just leave me a P.M.
NKLA Announces Joint Venture with CNH Industrial This is a follow-up to my previous posts.
Today, Nikola announced the joint venture with CNH Industrial that I have been talking about for several weeks.
Why this stock is not moving way up on all the great news is beyond my understanding.
The IVECO unit of CNH Industrial has been building big rigs for decades, and will jointly start building the Tre in Germany with Nikola.
Nikola Tre
Featured snippet from the web
The battery electric NIKOLA TRE is based on the IVECO S-WAY and integrates NIKOLA's class-leading technology. It is the first step on the path towards the fuel cell electric model (FCEV). Dec 6, 2019
www.caranddriver.com
Nikola also announced it has $12 billion in pre-orders for its U.S. trucks, up from the previous $11 billion.
www.bizjournals.com
In a report by Cowen & Co. on June 17, 2020, the report essentially said, "by Nikola outsourcing production, it could mitigate risks that Tesla went through."
CNH is Nikola's partner in the venture. Is there something someone on Wall Street does not understand?
CNH owns over 25 million shares of Nikola or 7.11%.
CNH has a market cap of almost $10 Billion.
While investors are buying up stocks like Workhorse Group, buying on speculation, you have a company here, CNH Industrial, already making billions of dollars aside from the electric vehicles.
This is the stock to own in my opinion. It's all about common sense and profits.
CNH is already profitable so going into a joint venture with Nikola will just add more revenue to the company.
In the link below, CNH is mentioned in the paragraph after the chart. None of the news wires posted the link below to Wall Street news services today. It leaves me thinking, are people secretly buying up CNH before they run it up to $20.00 or $50.00 like they have done with several stocks in the electric vehicle industry?
www.bloombergquint.com
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
CNHI Owns 7.11% of NKLA - Weekly Chart Bullish, UndervaluedFolks, this news is listed under Worthington Industries (WOR) trading at $35.24 with a small market cap of only $1.96 Billion
"KeyBanc Believes Recent Nikola Motors IPO Creates Added Source Of Potential Liquidity Value For Worthington Industries, Says 'While WOR has limited materials content/ties to Nikola itself, the Company owns 19M shares of the stock..."
Worthington Industries only has $103.43 million on hand (Source: Yahoo Finance) - Current Ration: 2.15
CNHI Industries has $3.51 Billion on hand (Source: Yahoo Finance) - Current Ration: 3.61 (Very Strong Financially)
If KeyBanc thinks Worthington Industries is a good investment because of the 19 million shares of Nikola they own, imagine what CNHI is worth owning over 25 million shares of Nikola and a market cap of over $10 Billion?
I am re-posting this because I truly believe investors are missing the boat by not buying CNHI at its undervalued price of $7.00.
On 3/26/2020, Worthington Industries reported earnings...Horrible numbers they were... Q3 EPS $0.27 DOWN FROM $0.46 YoY, Sales $746 M, MISSED $775.5 M Estimate.
On 5/6/2020, CNH Industries reported earnings...Q1 Adj. EPS $0.060 Misses $0.070 Estimate, Sales $5.500 BILLION BEAT 5.340 BILLION Estimate.
We are talking about a company, CNH Industries, with billions of dollars in sales, and owning over 25 million shares of Nikola and sitting at $7.00 today.
The logic is so disconnected, it's amazing.
Today, with the market down, investors were slowly accumulating the stock of CNHI. I truly think the stock will spike soon given the partnership CNH has with Nikola and the 25+ million share ownership they have.
In the KeyBanc notes, they tell investors Worthington Industries has "NO TIES" to Nikola, they just own 19 million shares.
CNHI is a partner with Nikola in the electric truck development and in the charging stations rollout. CNH Industries has strong ties / connections to Nikola and will be the company to benefit, not Worthington.
You cannot compare a company with $775 million in sales trading at $35.24 with a company that has $5.500 Billion in sales trading at $7.00
The weekly chart on CNHI looks Bullish
It's just a matter of time, I think CNHI is going to double if not triple.
Long!
CNHI Teams with Nikola - 25 Million Share Stake, NEWS There seems to be a disconnect between Nikola, Its Strategic Partners & It's Investors
CNHI owns over 25 million shares of Nikola, more than Worthington Industries. (WOR)
CNHI has over $4 Billion in cash on hand, more than Worthington Industries. (WOR)
CNHI's stake in Nikola is worth over $1.5 Billion dollars or 7.11%, more than Worthington Industries has.
CNHI has a market cap of around 10 Billion while Worthington only has a market cap of around 2 Billion.
CNHI stock price: $7.08, Worthington Ind. stock price: $35.65 - There's a huge disconnect here.
CNHI owns IVECO, one of its subsidiaries working with Nikola on its electric trucks and charging stations.
CNHI was part of the spinoff / merger with Nikola, this is how Nikola was started.
When you search the news on CNH, IVECO & Nikola, you will see more recent releases including the build-out of a charging network for Nikola vehicles. IVECO is building this for Nikola.
Not only are investors buying the wrong stock, as in Worthington Ind.(WOR), in my opinion, the price of CNHI at current levels is an early Christmas Gift.
I feel at minimum, CNHI should be trading upwards of $20.00 a share just because of the 25+ million share stake in Nikola, and this is aside from the partnership they have with Nikola through IVECO.
2 News Release Listed Below - (There are more recent news releases)
__________________________________________________
RELEASE 1
__________________________________________________
A promising cooperation from the Capital Markets Day
CNH Industrial’s Capital Markets Day brought Nikola’s technological innovation to the new Iveco and Fpt Industrial spin-off. CNH Industrial, in fact, announced its intention to enter into a strategic partnership with the company based in Phoenix to accelerate industry transformation towards emission neutrality of Class 8/Heavy-Duty Trucks in North America and Europe through the adoption of fuel-cell technology.
The words of Nikola and CNH
Trevor Milton, Chief Executive Officer, Nikola Corporation, said: «Nikola has the technology but needs a partner with a European network to achieve it in a timely manner. By bringing CNH Industrial on board, we now have access to manufacturing know-how, purchasing power, validated truck parts, plant engineering and much more».
Gerrit Marx, President Commercial and Specialty Vehicles, CNH Industrial, added: «While today LNG delivers significantly lower well-to-wheel emissions, in the medium to long-term, fuel-cell and BEV technologies will deliver the ultimate goal of zero-emission trucking. With our LNG technology we have proven to be European disruptors, taking the lead in industry transformations including fuel supply and lifecycle ownership».
__________________________________________________
RELEASE 2
__________________________________________________
Today’s announcement of Nikola Corporation’s intended listing on the NASDAQ Exchange, New York, U.S.A. later this year, through its merger with VectoIQ, is fully supported by CNH Industrial N.V. (NYSE:CNHI / MI:CNHI).
“This is exciting news and another key milestone for our joint project to deliver zero emission Heavy-Duty Trucks and hydrogen infrastructure through a unique business model. Nikola’s NASDAQ listing gives further impetus to the ambitious targets we have set ourselves, to be at the forefront of scalable clean technology investments transforming our businesses and environment alike,” said Hubertus Mühlhäuser, Chief Executive Officer, CNH Industrial.
CNH Industrial entered into a strategic and exclusive Heavy-Duty Truck partnership with Nikola in September 2019 as the lead Series D investor, with a $250 million stake. IVECO and FPT Industrial, the commercial vehicle and powertrain brands of CNH Industrial, recently announced they will manufacture, through their European Joint Venture with Nikola Motor Company, the Nikola TRE, battery electric (BEV) Heavy-Duty Truck, at IVECO’s Ulm, Germany manufacturing site. Start of production is anticipated within the first half of 2021.
“Nikola’s unswerving ambition to comprehensively transform our industry and its environmental footprint represents a great non-cyclical growth path for the business. Listing at NASDAQ, in order to raise funds in today´s market environment, is clear recognition and support of the project’s strategic direction,” said Gerrit Marx, President Commercial and Speciality Vehicles, CNH Industrial.
CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions.