Company spending is 'going ballistic.' Wall Street analysts expect these stocks to benefit
Firms are “flush with cash” and spending is at its highest in history, according to investment firmJefferies, which recommended dozens of U.S. and global stocks to play the trend.Jefferies’ capital expenditure — or capex — indicator is “going ballistic,” the bank said in a research note Monday, and there has been a surge in corporate spending on big-ticket goods such as ships, as well as on smaller items like plant equipment.Investment bankJPMorganalso picked stocks set to get a boost from the c
NIO shares starts rising as renewed its key joint manufacturing agreements
NIO Inc. has renewed its manufacturing agreements with Jianghuai Automobile Group and Jianglai Advanced Manufacturing Technology for the joint manufacture of NIO vehicles and associated fee arrangements.JAC, a state-owned vehicle manufacturer, presently manufactures NIO vehicles at its Hefei JAC-NIO plant, which was specifically set up for NIO vehicles.Jianglai is a joint venture between NIO and JAC for operations management. NIO holds a 49% stake in this JV.Under the agreement, JAC will cont