When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
NIO - Abstain From Getting LIT During The Drunken EV Rage
NIO Inc. American depositary shares each representing one Class A
This article was selected to be shared with PRO+ Short Ideas subscribers - find out more here.
Lithium (NYSEARCA:LIT) demand has soared as the EV boom has gained larger prominence within the auto sector. All the rave concerning the industry is worrisome for the Global X Lithium & Battery Tech ETF due to an assemblage of factors. These factors include the oversupply of lithium, the struggling auto industry alongside concerns for 'Peak Car', the strained companies which comprise the LIT ETF, as well as the technicals of LIT itself.