Top 3 Marijuana Stocks That Could Surge in 2024

The demand for cannabis is growing on a global scale. With legalization and decriminalization happening all around the world, many analysts and investors believe that marijuana will be a growing industry in the next decade. Get the latest report on 3 pot stocks set to take off in 2024!

By clicking the link above you will automatically opt-in to receive emails from FinStrategist

5 cars from the Beijing auto show that reflect China's vision for the future of driving

KEN MORITSUGU
April 26, 2024

BEIJING (AP) -- China's vision of the future of the automobile -- electrified and digitally connected -- is on display at the ongoing Beijing auto show.

Organizers say that 117 new models are making their debut at Auto China 2024, which runs through May 4. They range from eye-poppingly cutting edge to more subtle novelties.

THE CONNECTED CAR

One of the biggest mob scenes was for the opening day presentation by Xiaomi, a major Chinese maker of smartphones and trendy, affordable smart appliances aimed at younger generations that's entering the car market for the first time.

Xiaomi announced that it had received more than 75,000 orders in the four weeks since the launch of its first car, the SU7, with a list price of 215,900 to 299,900 yuan ($29,800-$41,400).

Why is a phone company making a car? Analysts say connectivity. Consumer technology companies want to connect the lives of their customers across all their devices -- phones, laptops, televisions and now cars.

"It starts with the concept of the third place," said Beatrix Keim, the China director at German auto research center CAR. "Because nowadays people are at the office, at home and then mainly they're spending the time in the car."

The approach works well in China, a highly digital society where e-payments are the norm and the convenience of connectivity trumps privacy concerns for most.

Chinese telecom giant Huawei has ventured into the car business too. Apple explored the idea but dropped it earlier this year.

THE CAR AS LIVING SPACE

Some Chinese makers are taking the idea of a third space to new heights.

Zeekr unveiled the Mix, an electric vehicle with an interior that can transform into a small room while parked. The front seats swivel to face the back ones, with a table in between that a company executive told the crowd could be used to play card games or enjoy a Chinese hot-pot meal.

Stefan Sielaff, the design director of Zeekr, described the Mix as "a nice experiment" focusing on younger families.

"I wouldn't even call it a car or an MPV or a van," he said. "It's more a lifestyle capsule. It's an iPod on wheels."

It will be the fifth model for Zeekr, a 2 1/2-year-old premium EV brand of China's Geely group, a major maker that owns Volvo and has designers in Sweden and Shanghai.

The Mix will go on sale in China by the end of June, the company said. Its selling price has not been announced.

THE HYBRID APPROACH

An EV boom in China that started three years ago has eaten into the market for gasoline-powered cars, but they are not dead yet.

So says Chery Automobile Co., China's biggest exporter, which told its auto show audience that it would continue to develop gasoline cars as well as EVs and hybrids.

Its EXEED Yaoguang C-DM, a hybrid SUV launched last month, was one of four vehicles it highlighted -- two hybrids and two EVs.

The Yaoguang SUV sells for 159,800 to 225,800 yuan ($22,000-$31,000) in China and is also aimed at overseas markets, a company news release said.

Hybrids, which have lagged EVs in China, are now seen as a growth opportunity. Last year, 2.6 million new hybrids were sold in China, about half the number of EVs. Together, they accounted for 36% of the market.

THE LUXURY TANK

Chinese EV maker BYD, known for its low-cost battery technology and cars, is also going after the high-end market in China, defined as 1 million yuan ($140,000) and up.

Its Yangwang brand introduced the latest version of the U8, a monster of an off-road SUV that was launched last September and is designed for survival in rugged conditions. It comes with a satellite phone in case a driver gets stuck beyond cell phone range.

The U8 is built on a platform that enables it to turn on the spot, like a tank. It's priced at 1.1 million yuan ($150,000). For 100,000 yuan ($13,800) more, buyers can add a built-in drone system.

A SIMPLER APPROACH

Volvo, the Swedish brand now under Geely, offered an answer for those overwhelmed by technology.

"The current EV market is marked by a prevalent trend of excess and addition," said Roger Yu, Volvo's managing director for sales in greater China.

He introduced the EX30 electric SUV as a user-friendly vehicle with a sophisticated sound system and a tablet screen that are both easy to use.

"By subtracting for ease of use and adding for safety, Volvo aims to give users the clearest interface, the most user-friendly operation, and the most reassuring intelligent experience," he said of the in-car screen.

The company announced that the EX30 would sell in China for 210,000 to 260,000 yuan ($29,000-$36,000).

___

Associated Press researcher Yu Bing and video producer Olivia Zhang contributed.

Continue Reading...

Popular

Top 3 Materials Stocks You May Want To Dump In May

Three stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

America Just Hit a Grim Milestone - Ad

Nearly half of U.S. households currently hold no retirement savings. Retirement expert Dr. David Eifrig says what happens next will separate a small number of winners from a very large number of losers. Learn how to protect yourself and your money with his four simple steps that he shares right here.

As Melinda French Gates leaves the Gates Foundation, many hope she'll double down on gender equity

NEW YORK (AP) — Melinda French Gates is already one of the biggest philanthropic supporters of gender equity in the United States and is now poised to put another $12.5 billion toward intractable problems like closing the gender pay gap and increasing women's political participation, her grantees hope.

The Key to Capitalizing on the AI "Gold Rush" - Ad

The AI boom is setting off a $15.7 trillion wealth explosion. Forbes predicts it will unleash the greatest profit engine in history. But only some AI companies and their stock are worth considering. With such rapid market growth, it's crucial to distinguish companies that are fully leveraging AI and more importantly, the ones with mass adoption potential.

Stock market today: Asian shares mixed in muted trading after Wall Street barely budges

TOKYO (AP) — Asian shares were mixed in muted trading Tuesday after U.S. stock indexes were little changed ahead of the release of inflation data.

Roaring Kitty is back and so are meme stocks, GameStop surges 40%

The man at the center of the pandemic meme stock craze returned to the social platform X for the first time in three years and sent prices of some of those stocks surging overnight.

This Is Where the World's Richest Men Are Putting Their Money - Ad

Bill Gates, Peter Thiel, Mark Zuckerberg -- they're pouring millions into something we call Imperium technology. And you can invest in this tech alongside them starting with just $10. Bill Gates called Imperium "one of the most powerful technologies of the 21st century."

As 'Roaring Kitty' Returns, Here Are 3 ETFs To Leverage The 2024 Meme Stock Wave

Meme stocks, led by Keith Gill, have resurfaced on social media, causing GameStop's stock to surge by 74% and AMC's by 80%. ETFs like ARCA:STCE can capitalize on this trend.

Elon Musk Gives One-Word Response To Joe Biden's Dig At Donald Trump At White House Correspondents' Dinner

Elon Musk reacted to President Joe Biden's recent comments at the White House correspondents' dinner with a one-word response that sparked some discussion on social media.

One Crypto Can Change Your Financial Life - Ad

The catch is you won't be able to become a millionaire by buying Bitcoin today. There are five little-known coins I've discovered that I believe will skyrocket over the course of the next few months.

You Need to Know These Two Things About AI Stocks ASAP... - Ad

One of the world's most successful investors just went public with what promises to be two historic predictions. Many high-flying stocks of AI's "First Wave" are about to come crashing down, and when it does, a "Second Wave" of AI stocks will explode higher thanks to "digital twin" technology.

Taiwan Semi Set to Build $11B Chip Plant in Germany, Aiming for 2027 Production Start

Taiwan Semiconductor Manufacturing Co will build its first European semiconductor facility in Dresden, Germany in 2024. The $11 billion factory will start production in 2027 with support from EU and German government. TSMC stock gained over 75% in the last 12 months.

Curaleaf Reports Q1 2024 Revenue Of $339M, 48% Gross Margin Amid Strategic Global Expansion

Curaleaf Holdings, Inc. (OTC: CURLF), a leading international cannabis company, reported its financial results for the first quarter of 2024.

Must-See: Elon's New Invention is Absolutely Insane - Ad

When you click here and see what Elon Musk's new invention does... And how it works... You will NOT believe it. You'll tell yourself this is just science fiction. But Elon just tested this in a real human... And the result was mind-blowing.

Czech power company CEZ reports net profit of $592 million in Q1, up by a quarter year-on-year

PRAGUE (AP) — The Czech power company CEZ said Tuesday its net profit in the first quarter of the year reached 13.6 billion Czech crowns ($592 million), 2.7 billion up compared with the same period of the previous year.

Fed's Powell downplays potential for a rate hike despite higher price pressures

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that the central bank is its key interest rate in response to signs of and underscored his view that price increases would soon start to cool again.

Investors See "All-Hands-On-Deck" Signal for AI - Ad

With an AI gold rush sweeping the globe, the world's richest men are piling in. Tech magnates like Bill Gates, Jeff Bezos, and Mark Zuckerberg have been spending billions to keep up with the AI boom. The tech companies themselves are one a buying spree of young companies with the next generation of AI technology.

Top 3 Real Estate Stocks That Are Set To Fly

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down.

Cave-in leaves 3 miners missing and 11 injured at a coal mine in Poland

WARSAW, Poland (AP) — A cave-in at the Myslowice-Wesola coal mine in southern Poland early Tuesday left three miners missing and 11 hospitalized with some injuries, mining authorities said Tuesday.

Mystery of the Rich and Connected Revealed - Ad

Former Goldman VP reveals a mysterious "Gold Bank" with huge upside potential... Last time we shared this, some folks could have seen a 995% gain. Don't be surprised if you've never heard of this -- most haven't. But he's sharing all in this new video.

Wholesale price increases accelerated in April as inflation remains sticky

WASHINGTON (AP) — U.S. wholesale prices rose sharply last month, a sign that inflation pressures remain stubbornly high after three elevated readings in consumer prices to start the year.

Safe Harbor Financial's 245% YoY Q1 Net Income Boost, Anticipates Capital Increase With Possible Rescheduling

Safe Harbor Financial Services, Inc. (NASDAQ: SHFS) reported a 245% year-over-year increase in net income to approximately $2.0 million for the first quarter of 2024.

Defi Coin Triggers All "Buy" Signals and Could Break Out Soon - Ad

Some are calling this the most promising DeFi project since Ethereum itself. Here's the #1 DeFi Coin Set to Soar. While Bitcoin grabs headlines, this lesser known DeFi coin is quietly gearing up for a monster rally. Experts say now is the time to buy before it reaches escape velocity.

Elon Musk Shares Who He'd Want To Spend His Last Moments With In Response To Warren Buffett's Advice

Over the weekend, Elon Musk agreed with a sentiment shared by investment titan Warren Buffett about the importance of spending time with loved ones, despite their contrasting investment philosophies. 

Berkshire Hathaway's Q1 Operating Earnings Surged 39% — Here's Why

Berkshire Hathaway's Q1 operating earnings surge 39%, driven by strong performance in insurance businesses and investment gains.

Prescient CEO Makes Shocking New Prediction - Ad

Known for his eerily accurate market calls over the years, this CEO has just revealed his newest prediction about "America's New Money." Get the details before it's taken offline.

Federal Judge Indefinitely Postpones Donald Trump's Classified Documents Trial

The trial of ex-President Donald Trump for retaining classified documents has been postponed indefinitely by a federal judge.

Urgent: Don't Repeat the Mistakes of the Dotcom Crash... - Ad

One of the world's most successful investors just stepped forward to say the same thing is about to happen to AI stocks...Many of today's high-flying AI stocks are going to crash and burn like countless internet stocks did in 2000. (You may own some of these AI stocks right now.)

California moves closer to requiring new pollutant-warning labels for gas stoves

SACRAMENTO, Calif. (AP) — California could require all new gas stoves sold in the state to carry a label warning users about pollutants they can release that have been linked to respiratory illnesses.

California is testing new generative AI tools. Here's what to know

SACRAMENTO, Calif. (AP) — Generative artificial intelligence tools will soon be used by California's government.

Forget AI...THIS Is Way Bigger - Ad

While the world has been obsessed with AI and ChatGPT... Jeff Bezos has quietly gone all in on a technology that's going to prove to be FAR bigger. If you've never heard of "QaaS" technology you need to

Bitcoin ETFs Record $51M Net Outflows On Monday, Continue 3-Week Outflow Trend

The cryptocurrency investment landscape has been marked by a concerning trend in recent weeks, with significant outflows recorded across major Bitcoin (CRYPTO:

America Has New Type of Money, Making Some Rich...Should You Get It? - Ad

One of America's most controversial CEOs says, "A new form of money in America is making some people (including Elon Musk, Jeff Bezos, and 17 of America's 25 wealthiest individuals), rich. It has nothing to do with gold, bitcoin, or anything like that, but it's 100% legal. The problem? Few Americans have a real understanding of how it works.

Are US interest rates high enough to beat inflation? The Fed will take its time to find out

WASHINGTON (AP) — The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be , rate cuts this year.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright smartmoneytrading.net
Privacy Policy | Terms of Service