Keep an eye on Chinese stocks, such as Li Auto (LI).
After a miserable few months, the stock is coming back strong as China is ramping up stimulus to boost its downed markets.
Analysts at Deutsche Bank just upgraded the stock to a buy, with a price target of $41. As noted by Investing.com, “Deutsche Bank sees a compelling set-up for Li Auto in the coming quarters. The upgrade is based on a robust product pipeline and an attractive valuation for a top-tier EV player… Deutsche Bank analysts forecast a total of 625,000 deliveries for Li Auto in 2024, reflecting a significant 66% YoY increase.”
From its current price of $30.95, we’d like to see the stock retest $38 near term.
![🧐 In this video, Dylan discusses a recent Bloomberg article that sheds light on the hidden dynamics within the crypto market.
[Bloomberg Article - https://www.bloomberg.com/news/articles/2024-05-15/crypto-deals-kol-investors-get-big-valuation-discounts]
From influencers to financial gurus, many key opinion leaders (KOLs) are being paid handsomely to promote certain cryptocurrencies, often leading to classic pump-and-dump schemes.
🚨 Buyer Beware: If you're investing in crypto, it's crucial to understand the game being played. As Dylan's grandfather used to say, "If you don't know who the patsy at the table is, you're the patsy." This timeless advice is more relevant than ever in today's volatile crypto landscape.
📈 Whether you're a seasoned investor or new to the crypto space, this video offers essential insights to help you navigate these murky waters. Dylan is not here to debate the legitimacy or utility of cryptocurrencies but to ensure you are aware of the tactics used to manipulate the market.
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