Opinions
Jim Cramer - Mad Money
Li Auto
LI-Q
DON'T BUY
Dec 07, 2020
$31.490
Stock price when the opinion was issued
Automotive
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Stockchase Research Editor: Michael O'Reilly LI is a manufacturer of smart electric SUVs in China, where EV sales there are expected to grow by 40% next year. December deliveries of EVs in general set new records. Sales by LI were up 530% over the year, which is now generating some significant cash flows. The company is heard to be a potential partner with Apple in their EV project. We would buy this with a stop-loss at $20, looking to target $44 -- over 40% upside. Yield 0% (Analysts’ price target is $44.20)
Automotive
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He prefers Nio. He doesn't like Chinese stocks except Alibaba. Generally speaking, China handled Covid better than America did.