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Is the NIO share price ripe for a fall?

first_img Our 6 ‘Best Buys Now’ Shares See all posts by Rupert Hargreaves I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Rupert Hargreaves has no position in any of the shares mentioned. The Motley Fool UK owns shares of and has recommended NIO Inc. and Tesla. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Enter Your Email Address Simply click below to discover how you can take advantage of this. Image source: Getty Images center_img Is the NIO share price ripe for a fall? Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. “This Stock Could Be Like Buying Amazon in 1997” The NIO (NYSE: NIO) share price has become one of the hottest investments to own during the past 12 months. Indeed, during this period, the stock is up around 560%.It seems to me investors are buying into the company’s growth story. The electric vehicle manufacturer is ramping up production. In April, it said it had completed upgrades to its manufacturing capacity to allow the production of 10,000 vehicles per month.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…What’s more, a few weeks ago, it announced a deal with the Chinese state-owned automaker Jianghuai Automobile Group, which manufactures its vehicles, to increase production to around 20,000 cars per month. Unfortunately, the output is currently restricted to 7,500 vehicles a month due to a shortage of battery cells and semiconductors. Nevertheless, in April, NIO announced the production of its 100,000th vehicle. NIO share price competitors Compared to other electric vehicle producers, the corporation is charging ahead. On that basis, the NIO share price looks to be a good investment compared to the rest of the sector. But NIO is just one of a range of business is all fighting for market share. As well as its close competitors, such as Tesla, the company is also having to fight off competition from the likes of General Motors. The latter recently announced it’ll be boosting its global spending on electric and autonomous vehicles by 30% over the next few years. This will take the total spend to $35bn.Meanwhile, Ford’s luxury Lincoln brand aims for half of all sales to be electric vehicles by 2026. Over in Europe, towards the end of last year, Volkswagen announced it plans to launch 70 all-electric models by 2030, with 20 of them already in production. Management has earmarked $86bn to hit this target. These are just some of the challengers vying for market share in the electric vehicle market. At this stage, it’s impossible to say which company will succeed.Risk and reward There’s space for a range of vehicle manufacturers in the market. Still, to justify the high valuation on the NIO share price, the company will have to take significant market share. It’s unclear whether it’ll be able to do this. The company does have some competitive advantages, which should work in its favour. Its battery swapping technology is relatively unique. It also has the support of the Chinese government, which should help the enterprise conquer the Chinese market. Still, compared to the likes of Tesla and Volkswagen, the $78bn-cap is in its early stages of development. As such, I think there’s a high likelihood the NIO share price could suffer a fall if competition in the market restricts the company’s growth. With competitors pumping so much money into the market, this seems likely. Therefore, I wouldn’t buy the stock for my portfolio today. I’d rather invest in one of the market’s more established companies, such as Tesla. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Rupert Hargreaves | Saturday, 19th June, 2021 | More on: NIO last_img read more

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Another police murder in North Carolina — Justice for Andrew Brown Jr.!

first_imgIn Elizabath City, N.C., friends and family paint Andrew Brown Jr.’s portrait on his house, where he was killed by state violence.Elizabeth City, N.C.May 1 — Seven deputies from the Pasquotank County Sheriff’s Department killed unarmed Andrew Brown Jr. in his car next to his home here April 21. The deputies jumped out of a pickup truck with weapons drawn and rushed forward. Fearing for his life, Brown tried to drive forward out of his driveway and away. Deputy sheriffs fired into his car from behind, killing him.An autopsy commissioned by Brown’s family confirms he was killed by a bullet to the back of the head. At least three of the deputies fired their weapons; none of them have been charged. Four have been returned to active duty.Protests have continued each night for ten nights since the police execution of Andrew Brown Jr., as the community mourns. His funeral is scheduled for May 3. Family members remember Andrew as a kind man who provided for his family despite the lack of jobs or opportunities in Elizabeth City. He lived in a quiet neighborhood south of downtown, across the Charles Creek where he had been raised by his grandparents and aunts after the death of his parents. As one close friend Jamaul Riddick told WW, “He’s never been a violent person in his life. He’s never had a gun, never carried a gun, and he’s just not violent.”Protests against police violence continue night and day in Elizabeth City, May 2.Enslavement, forced labor, militarismElizabeth City is a majority Black town of fewer than 20,000 people. It was the most important trading hub of the region starting in the late 1700s, when enslaved persons were bought and brought in by plantation owners to labor on the land, and agricultural products were then shipped out. The nearby Great Dismal Swamp was a source of timber that drove the shipbuilding industry in the town, which lasted until the end of World War II. After the end of that war, shipping and industry left, and the town declined in prosperity.The swamp was once a haven for enslaved people who had liberated themselves from surrounding plantations. The swamp played an important role as cover for those traveling toward freedom on the Underground Railroad, including some led by General Harriet Tubman. Recent archaeological studies show that the area was home to a permanent settlement of escaped enslaved Africans, as “the security provided by the swamp’s isolation allowed them to create self-organized communities that spanned generations.” (tinyurl.com/2tskar7b)More recently the Great Dismal Swamp area has been flipped from a haven from enslavement to a base for global oppression. The area is now home to a 7,000 acre “United States Training Center” — the Blackwater/Xe/Academi headquarters for training soldiers and police in repression tactics. Originally founded in 1997 as Blackwater by Erik Prince — right-wing billionaire and brother to Betsy Devos, Secretary of Education under President Donald Trump — the company was later rebranded Xe Services, and then Academi when acquired by a group of private investors.  Named for the peat bogs of the swamp, the Blackwater center continues to be used to train mercenaries like those so notorious for their deadly cruelty during the U.S. occupations of Iraq and Afghanistan. And the center is where police are trained to use military tactics and equipment against the civilian population of the U.S., especially focusing on violent suppression and occupation of Black communities.Protests against police violence continue night and day in Elizabeth City, May 2.Police murder and resistanceSince the beginning of the protests, Brown’s family and local activists have connected his murder to the conditions in Elizabeth City, as well as to racism and police murders across the U.S. and in the Tidewater Region of Virginia and North Carolina. Joe McCullen, Brown’s uncle, remembers having a cross burned in his yard by the Klan. Brown’s aunt, Joyceanne Ingram, speaks of her experiences suffering racist harassment on the street, despite her status as a veteran of the large nearby Coast Guard base. They both spoke to WW about the lack of jobs in town as exacerbating oppression: “If you and your white friend walk in to get a job, your white friend may walk out with a job.”Demonstrations are continuing through May Day weekend with no projected end to the nightly marches. Solidarity actions are planned for Durham, N.C., for May 1, and the community in Elizabeth City hopes for continued support from across the country. Activists from Virginia Beach, Va., who have been organizing around the police killings there in April of Donovon Lynch and Deshayla Harris, have been present and visible in Elizabeth City. Lynch was a cousin of singer-songwriter and music producer Pharrell Williams.The main demand in Elizabeth City at the moment concerns the release of the tapes documenting the killing of Brown. This includes any body cameras or dash cameras from the seven deputies or more present at the shooting. So far Pasquotank County authorities have refused to make any of the footage public. Two family members — Brown’s eldest son and his mother — and their attorneys were shown only about 20 seconds of edited video from one camera. That footage clearly showed Andrew Brown sitting in his car, with his hands completely visible on the steering wheel, as he was killed from behind with an “uncountable” number of shots.Pasquotank County has declared a state of emergency despite the peaceful character of the relatively small demonstrations. Police in full riot gear — beating their clubs in unison like gladiators to produce an intimidating thunder — have arrested activists, lawyers and journalists for alleged curfew violations. In response to continued pressure from the movement against police killing, the curfew was changed from 8:00 p.m. to midnight. But police have been brought in from across North Carolina in preparation for barricading all roads in and out of town and in an attempt to silence all rebellion against this most recent state-sanctioned murder. FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

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Violence against reporters during 11 days of protests in Armenia

first_img April 9, 2021 Find out more Receive email alerts April 25, 2018 Violence against reporters during 11 days of protests in Armenia to go further Forum on Information and Democracy 250 recommendations on how to stop “infodemics” Credit: Karen Minasyan / AFP News RSF calls for a fully transparent investigation after mine kills two journalists in Azerbaijan Help by sharing this information News Russian peacekeepers deny foreign reporters access to Nagorno-Karabakh RSF_en Follow the news on Armenia November 11, 2020 Find out more June 8, 2021 Find out more Reporters Without Borders (RSF) deplores the acts of violence against journalists during 11 days of anti-government protests in Yerevan, from 13 to 23 April, and calls on the Armenian authorities to ensure they do not go unpunished. The peaceful outcome to this “velvet revolution” – Serzh Sargsyan’s resignation as prime minister on 23 April – must not divert attention from the fact that some violence did take place and that at least 16 journalists and media workers were attacked, mainly by police officers, while covering the protests.“We condemn the unjustified use of force against journalists who were just doing their job,” said Johann Bihr, the head of RSF’s Eastern Europe and Central Asia desk. “The advent of a new era in Armenia must include abandoning such practices and combatting impunity. We urge the authorities to conduct full and impartial investigations into each of these attacks. All those responsible, whether police officers or not, must be brought to justice.”Several journalists were deliberately targeted by police while using cameras. Alina Sargsyan, a reporter for the CivilNet.am news website, was hit by a police officer while she filmed police arresting demonstrators. Azatutyun TV producer Anatoly Egiazaryan was beaten by several policemen while filming a demonstration being dispersed.Police damaged Factor.am reporter Vrezh Margaryan’s camera and smashed Radio Azatutyun reporter Nayra Bulgadaryan’s camera to the ground in order to prevent them from filming.Violence was used to prevent CivilNet.am reporter Tatul Hakobyan from filming the attempted arrest of the protest movement’s main leader, Nikol Pashinyan. Public radio reporter Liana Egiazaryan was injured by a stun grenade in similar circumstances. Ani Keshishyan of 168.am and Factor.am cameraman Hovhannes Sargsyan were injured by non-lethal weapons used during clashes between police and protesters.Violence by plainclothes police became more frequent as the protests in Yerevan grew in size. Many journalists reported being attacked by plainclothesmen. They included Ani Grigoryan of CivilNet.am, Arus Hakobiyan of Radio Azatutyun, Tehmine Yenokyan of Lragir.am and Artak Hulyan of Shant TV. Tirayr Muradyan, a reporter for the Sut.am news website, was badly beaten on 19 April by plainclothes police who did not like being filmed. The next day, police bundled him into a car to prevent him covering a demonstration on a motorway near Yerevan. After subsequently receiving orders to release him, they returned him to the place where they had arrested him.Factor.am editor-in-chief Arevik Sahakyan, his cameraman, Gevorg Martirosyan and public radio reporter Vruyr Tadevosyan were beaten up by unidentified individuals in different parts of the capital. In some cases, policemen looked on without making any attempt to intervene.A group of demonstrators also stormed into the Armenian public radio broadcaster’s headquarters on 14 April, demanding to be allowed to speak on the air. A studio door was broken. The police quickly launched a criminal investigation and arrested two suspects.Armenia is ranked 80th out of 180 countries in RSF’s 2018 World Press Freedom Index. News ArmeniaEurope – Central Asia Condemning abusesProtecting journalists ViolenceFreedom of expression News ArmeniaEurope – Central Asia Condemning abusesProtecting journalists ViolenceFreedom of expression Organisation last_img read more

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The Latest: US Tennis Association eliminating 110 jobs

first_imgThe Latest: US Tennis Association eliminating 110 jobs The Joey Logano Foundation, the NASCAR Foundation and Elevation Outreach are partnering to bring a Convoy of Hope to Martinsville with the goal of providing 40,000 pounds of food and supplies to approximately 1,000 families during a drive-thru distribution at NASCAR’s oldest track.The effort is similar to one conducted at Darlington Raceway in May.“After seeing how impactful Darlington went, we quickly moved forward and scheduled our next event with Convoy of Hope in Martinsville,” Logano, chairman of his foundation, said in a release. The COVID-19 pandemic forced NASCAR to pause its season in March. The race at Martinsville will be the seventh since the series went back to racing without fans last month. ___ Strength and conditioning activities are being altered to reduce health risks. Each station will have sanitation supplies. The weight racks will be spaced out and will be used by only one individual per session. Conditioning sessions will take place outside unless poor weather prohibits it.Before arriving on campus, all athletes will undergo nasal swab testing for COVID-19. They will be tested again if they report symptoms, or if they’re believed to have contacted someone who tested positive. Athletes will be screened daily before entering athletic facilities, and athletes and staff will wear masks at all times other than during conditioning activities.___Orioles general manager Mike Elias is currently focused on this week’s Major League Baseball draft, but he expects to soon turn his attention toward getting the team ready to play again.In a conference call with media on Monday, Elias said he was “very confident we’re going to play.” June 8, 2020 The Italian soccer federation has approved plans for a playoff or the use of an algorithm with no champion declared if the season is stopped again.Serie A has been suspended since March 9 because of the coronavirus outbreak. It is scheduled to resume on June 20.The plans were approved by an 18-3 vote at an FIGC council meeting. Italian soccer clubs had asked for no champion or relegations unless mathematically certain.Playoffs are the preferred idea but an algorithm will be used to determine the final standings if matches cannot be held because of time restrictions or the worsening of the pandemic. But there will not be a champion if the algorithm is used.The top two men’s divisions are the only ones set to resume their regular seasons. The women’s Serie A will not restart. The North Carolina High School Athletic Association will lift its dead period next week to allow for in-person workouts for prep athletes.The organization announced Monday that it would allow limited workouts beginning June 15, though education agencies across the Southern U.S. state must also permit it at a local level.Restrictions for the first phase of return include having workouts of no longer than 90 minutes, with no more than 25 people at outdoor venues and no more than 10 in gymnasiums. They also require daily temperature checks and social distancing, along with instructing schools to keep the same groupings of athletes working together each time.Locker rooms and weight rooms remain closed for now. The restrictions include no shared use of athletic equipment. Guidelines for future phases will be developed and shared at a later date.___ Associated Press ___English soccer club Brighton is offering fans the chance to have cardboard cutouts of themselves in the stadium when the Premier League resumes.Games in the league will be closed to spectators for the remainder of the season because of the coronavirus pandemic.Five of Brighton’s nine remaining games are at home. The first is on June 20 against Arsenal.Fans need to send in a photo wearing a Brighton jersey and pay $25. Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___The group that runs the U.S. Open tennis tournament is eliminating 110 national positions and reducing travel costs over the next few years to deal with the financial effects of the coronavirus pandemic. The return of baseball would be a bright spot in a year marred by the coronavirus pandemic, which prevented the season from starting.The draft is Wednesday and Thursday and has been shortened to five rounds because of the pandemic. Baltimore has three picks in the top 39, including the second overall, as Elias hopes to rebuild a team that has lost more than 100 games in each of the past two seasons. — David Ginsburg in Baltimore___NASCAR fans won’t be allowed to attend when the Cup Series races at Martinsville Speedway on Wednesday night, but the sport’s impact will surely be felt by Henry County residents the next day. The U.S. Tennis Association also announced Monday that it will close its headquarters in White Plains, New York, and shift remaining staff to an as-yet-undetermined location in the state.Other budget-trimming moves include merging player development and facilities departments, and hosting only one in-person meeting per calendar year from 2021 to 2023.___Wisconsin is permitting the voluntary return of football and volleyball players for initial health assessments and COVID-19 testing this week to clear the way for them to begin voluntary strength and conditioning activities June 15.The men’s and women’s basketball teams will return later this month, followed by the men’s and women’s hockey teams. ___Italy’s female soccer players are against the possibility of a playoff format to finish their season.A decision on whether and how the Serie A women’s league will resume is expected to be made during an Italian soccer federation meeting.One of the proposals is to have playoffs. That would involve half of the 12 Serie A teams.A statement by the Serie A women’s players says they are against it because “it doesn’t guarantee true fairness.” They say “we all go out on the field or no one does.”Juventus, AC Milan and Sassuolo are the only three clubs which have managed to resume training. Many of the clubs also have players who are still abroad.___More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sportslast_img read more

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New Clippers point guard Patrick Beverley: ‘I am not Chris Paul’

first_img Newsroom GuidelinesNews TipsContact UsReport an Error Not the same player.Or person.“Let me reiterate, I am not Chris Paul,” Beverley said during a news conference to introduce several of the newest Clippers acquired when they traded Paul to the Houston Rockets last month rather than lose Paul for nothing via free agency.“Understand, he’s not me either,” Beverley added.So, just who is Beverley, Paul’s likely replacement as the Clippers’ point guard? PLAYA VISTA >> Patrick Beverley wished to make one thing perfectly clear Tuesday morning.“I am not Chris Paul,” he said forcefully.Same position.Similar size.center_img For starters, he stands 6-foot-1 and weighs 185 pounds.Paul is 6 feet, 175 pounds, by way of comparison.Beverley, 29, played the past five seasons with the Rockets, shifting from point guard last season to shooting guard to play alongside James Harden, giving Houston a more dynamic backcourt. Beverley averaged 9.5 points on 42 percent shooting, plus 4.2 assists.Additionally, he was named to the NBA’s all-defensive team in 2016-17.“First team,” as he pointed out, wagging his index finger.Beverley relishes his role as an agitator, a disruptor, a general pain in the neck for opponents.In other words, he fit perfectly into Clippers coach Doc Rivers’ offseason wish list. If the Clippers couldn’t keep Paul, then Rivers wanted “hard-working, tough-minded guys” on the 2017-18 roster. Beverley proved the point by distancing himself from Paul in no uncertain terms.“I think most people see hard-working guys who are agitators on the floor and they don’t give them the basketball IQ part of it,” Rivers said of Beverley. “But I’ve been most impressed with the IQ part of it, his knowledge. He does homework. He studies the league.“I think a lot of people who don’t know these (types of) guys think they just show up and play hard. They don’t see the other part of it. He knows every guard (in the NBA). He knows every player. I’ve been really impressed with that.”If Rivers wanted players with chips on their shoulders, then he got one in Beverley, whose career took him on a winding path after the Lakers drafted him in the second round (42nd overall) in 2009 and, having just won the NBA championship, had no use for him.The Lakers traded him to the Miami Heat for cash and a second-round draft pick in 2011.Beverley didn’t make his NBA debut until 2012-13, after signing with the Rockets as a free agent. He had already played in Greece and Russia, sandwiched around an NBA Summer League stint with the Heat, by the time he hooked on with the Rockets.Standout defensive play is how he earned his place in the NBA, and it’s what’s kept him there.“Don’t ever forget what got you into the door, and defense got me in,” he said.Beverley cautioned against overlooking his offensive skills, though. He’s not a one-dimensional player. He pointed out that he was a 40 percent shooting from 3-point range. Actually, he shot 38.2 percent last season from behind the arc after shooting 40 percent from behind it in 2015-17.“I’ve been placed under different situations,” he said, referring to playing in Europe to start his career. “I was able to get coached by one of the great offensive gurus in (Houston’s Mike) D’Antoni and was able to be under one of the best point guards in the league in James Harden, and just taken what I’ve learned and applied it to my game. Of course, I’m not James Harden. Of course, I’m not Chris Paul.“Neither of those two are me, either.”last_img read more