Interactive Brokers and other financial stocks are in bases. And investment banks have turned the corner with big earnings growth estimates.
As the U.S. stock market shows signs of recovery with the S&P 500 and Nasdaq Composite extending their winning streaks, investors are closely monitoring growth companies that exhibit strong insider ownership. In this environment, stocks with high insider ownership can be particularly attractive as they often indicate confidence from those within the company about its future prospects.
Both Jefferies and Citi Research have expressed confidence in Nio’s ability to rebound, pointing to a series of upcoming catalysts that could drive a recovery in its stock price. While risks remain, both brokerages view Nio’s current stock price as an attractive opportunity for long-term investors. Analysts at Jefferies view this launch as a significant near-term catalyst, “We estimate that there is about a 70% to 80% (or "very likely") probability for the scenario,” the analysts said.