SPAC Boom or Bust?
SPAC true believers say the boom is about to begin, but the media says it s over and the bubble has burst. Which is it?
Author:
Apr 23, 2021
After another day of SPAC red,
there are now over 300 SPACs that have common shares trading under $10. This is the real test now for SPAC investors. Believers will see this as the ultimate opportunity to prepare for a SPAC boom and drive hard on the yield + optionality play that SPACs offer. But, for those less confident in the SPAC narrative, and the growing number of pure doomsayers fueled by the media, this will be the ultimate sign of the SPAC market s capitulation.
Share this article
Share this article
VILLEURBANNE, France, and TEL AVIV, Israel, April 19, 2021 /PRNewswire/ Navya (FR0013018041- Navya), a leading company in autonomous driving systems and REE Automotive ( REE ), a leader in e-Mobility which recently announced its merger with 10X Capital Venture Acquisition Corp. (NASDAQ: VCVC), announce that they have signed an agreement to collaborate in the development of a level 4 autonomous system including REEcorner technology and Navya self-driving solutions.
REE Automotive
REE is revolutionizing the e-Mobility industry through its highly modular and disruptive REEcorner technology which integrates critical vehicle components (steering, braking, suspension, powertrain and control) into the arch of the wheel. REE s proprietary x-by-wire technology challenges century-old automotive concepts by being agnostic to vehicle size and design, power-source and driving mode (human or autonomous). Platforms utilizing REEcorners can present sign
Why brokers think these 3 top performing ASX 200 shares can beat the market
Kerry Sun | April 19, 2021 4:56pm |
More on: Image source: Getty Images
The ASX 200 is within an arms reach of its pre-COVID highs. As ASX 200 shares continue to grind higher, here are the ones that brokers think can outperform the market.
ASX 200 shares that could beat the market
1. Eagers Automotive Ltd (ASX: APE)
Positive automotive data such as used car sales and increased driving as well as hygiene concerns on public transport has helped fuel a bullish run for ASX-listed automotive shares such as
Super Retail Group Ltd(ASX: SUL).
Why Eagers Auto, Orocobre, Sims, & Titomic shares are storming higher
James Mickleboro | April 19, 2021 2:45pm |
More on:
In afternoon trade, the
S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a gain. At the time of writing, the benchmark index is up 0.2% to 7,078.3 points.
Four ASX shares that are climbing more than most today are listed below. Here’s why they are storming higher:
The Eagers Automotive share price has climbed 4% to $16.21. Investors have been buying the auto retailer’s shares after Morgan Stanley responded positively to its recent trading update. The broker notes that Eagers Automotive is trading well-ahead of expectations so far in FY 2021. In addition, the broker believes it is well-placed to be a much more profitable company in the future. Morgan Stanley has retained its overweight rating and lifted its price target to $18.00.
Magna Tells Investors Sales Expected to Jump More Than $11B by 2023
Sales jumping from $32.6 billion in 2020 to over $43 billion in 2021.
Magna CEO Swamy Kotagiri told investors sales would rise by at least $11 billion in the next few years.
Magna International, one of the world’s largest automotive suppliers expects global sales to hit as much as $45.5 billion in 2023, officials told investors this week.
The company said it expects sales to grow to a range of $43 billion to $45.5 billion in 2023, up from $32.6 billion in 2020. Officials expect global light-vehicle production to grow 6% on average per year from 2020 through 2023, while the company’s annual sales will grow 10-12% on average, per year over that time frame, the annual report indicated.