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[ad_1] The post NIO Stock Soars on Strong Deliveries and Wall Street Upgrade appeared first on Millennial Money. Shares of Chinese electric vehicle (EV) maker NIO (NYSE: NIO) started off the week strong, jumping on Tuesday by as much as 8% after reporting strong vehicle deliveries. Additionally, the company got several votes of confidence from Wall Street.  Here’s what NIO investors need to know. Deliveries nearly doubled in May NIO said that it delivered 6,711 vehicles in May, representing a year-over-year increase of 95%. The total included 1,412 ES8 SUVs, 3,017 ES6 SUVs, and 2,282 EC6 compact SUVs. As of the end of May, the company has now cumulatively delivered 109,514 cars overall. Supply chain challenges related to the ongoing global chip shortage impacted unit volumes last month, according to NIO, but the company is confident that conditions are improving and that it can accelerate deliveries in June to partially compensate for delays in May. NIO reiterated its delivery guidance of 21,000 to 22,000 vehicles in the second quarter. The company had delivered 7,102 vehicles in April, bringing its quarter-to-date total to 13,813 with a month remaining in the quarter. Wall Street is bullish on NIO Following the delivery numbers, Citi upgraded its rating on NIO from “neutral” to “buy” while analyst Jeff Chung adjusted his price target from $57.60 to $58.30. The analyst believes that there has been a “strong demand recovery” in recent months following Shanghai auto shows. “After the recent stock price correction from the peak in 4Q20, we believe this is a good re-entry point for the long-term investors, given the ongoing re-rating catalysts,” Chung wrote in a research note to investors. Citi boosted its delivery estimates and now expects NIO to deliver 90,000 vehicles this year, with volumes expected to grow to 155,000 in 2022 and 225,000 in 2023. Morgan Stanley also chimed in with an upbeat note. Analyst Tim Hsiao reiterated an overweight rating (equivalent to a buy) alongside a price target of $64. Morgan Stanley isn’t too concerned about the temporary delays, which are short-term in nature, while the constraints are starting to ease. “We think supply dynamics will stay fluid but have been improving; this, together with sales channel expansion and growing order backlog, bodes well for volume take-off in 2H21,” Hsaio commented. NIO’s outlook remains rosy Investors seem encouraged that NIO is maintaining its delivery outlook for the second quarter. The forecast range represents growth of 103% to 113% from the second quarter of 2020. Those deliveries are expected to translate into revenue of $1.24 billion to $1.3 billion, which represents growth of 119% to 129%. Importantly, the challenges are primarily on the supply side of the business, and consumer demand remains robust. Management noted that the company’s “order momentum remains solid” on the last earnings call, as NIO has created a powerful lifestyle brand in the world’s largest EV market. Pick Like A Pro Where to invest $500 right now Before you buy Amazon, or Netflix, or Apple, consider this… The team at Motley Fool first recommended each of those stocks more than a dozen years ago! They discovered Netflix for $1.85 per share, back in the days of DVDs by mail. And recommended Amazon at $15.31 in 2002, before most people were comfortable using credit cards online. And even hit Apple at $4.97 per share, about a month before the release of the very first iPhone. Check out where those stocks are today. The bottom line: a $500 investment in all three of these stocks would be worth more than $200,000 today! And here’s why that’s important: The Motley Fool’s flagship investing service Stock Advisor just announced their top 10 “best buys now” across the entire stock market. Whether you’re starting with $100, $500, or more, you’ll want to get the full details! Click here to learn more The post NIO Stock Soars on Strong Deliveries and Wall Street Upgrade appeared first on Millennial Money. [ad_2] Source link

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[ad_1] The post Are REITs a Good Investment? appeared first on Millennial Money. Purchasing real estate is no small undertaking. Sure, it can be a lucrative investment and lead to either a massive net gain or a recurring monthly cash flow. But at the same time, it can also be very expensive and time-consuming.  Over the years, plenty of young investors have entered into the real estate market thinking they’ll strike it rich only to watch their hair turn grey from the headaches it causes. From nightmare tenants and costly repairs to the burden of carrying more than one mortgage and trying to make ends meet, it’s not always pretty.  For these reasons, many investors choose to buy a real estate investment trust (REIT) instead of buying a property directly.  But are REITs a good investment? Or are they something to avoid? Let’s take a closer look to determine whether you should invest in REITs in your personal finance journey. Should you invest in REITs? It’s impossible to say whether REITs are a good investment. Investing is a very personal decision, so this is something only you can answer.  To help narrow down your decision, let’s explore the pros and cons of REITs. The advantages of REITs Portfolio diversification REITs offer a great way to invest independently of the stock market. You can use REITs to spread risk around, expand your holdings, and increase your net worth. REITs are typically less volatile than stocks.  This is important because it provides a way to add growth and income to your portfolio in a way that’s relatively safe. At the same time, there are many types of REITs to explore, including:  Retail REIT Healthcare REIT Residential REIT Communications REIT Hospitality REIT Industrial REIT Office REIT Location-specific REIT (e.g., the New York City REIT) There are also real estate index funds to think about too, like Vanguard’s VNQ.  So, once you decide to invest in REITs, there are many options to choose from, each with its specific risks and rewards. Some investors choose to invest heavily in one REIT market, while others like to invest in a variety of REITs.  Do your due diligence and analyze individual markets before making a jump into REITs to make sure your money is going into the right area. Guaranteed distributions Another benefit of investing in REITs is the payouts. By law, REITs are required to pay out 90 percent of their net income as dividends. Otherwise, they cannot be bought and sold as public securities. So, if you buy high-performance REIT stocks and hold onto them, you can collect steady dividend payments, even during the pandemic. Of course, if your REIT is doing poorly, those payouts can continuously shrink. Solid long-term performance  The nice thing about REITs is that they’re something you can invest in and hold for a long period of time. You don’t have to worry about timing the market and getting rid of them. As such, REITs align with most long-term investing strategies. If you’re looking for a core fund to add to your portfolio and something you can set and forget, it could be worth looking into REITs.  Low barrier to entry REITs are great for beginner investors who lack the funds to buy a piece of property outright. They’re also beneficial for older investors who want to achieve growth but don’t want to take on volatile stocks. Unlike direct real estate, REITs have a very low barrier to entry. You don’t have to come up with a down payment, find a real estate agent, or even have a good credit score. All you need is a brokerage account and possibly enough money to meet a minimum investment requirement.  Liquidity  REITs are similar to stocks in that you can move them at any time by trading them. It’s not like holding an illiquid certificate of deposit (CD) or a bond where you have to wait for a term limit to end.  Of course, this only really applies to REITs in a brokerage fund. You can trade REITs in a retirement fund like an individual retirement account (IRA), but if you withdraw the money before you reach retirement age, you’ll have to pay taxes and fees.  That said, you can still liquidate REITs and reinvest the money in other securities if you need to.  Learn more: 3 REITS for Monthly Passive Income Best CD Rates for 2021 (Certificate of Deposit) Stocks vs. Bonds The disadvantages of REITs Taxable REIT dividend income One of the top downsides to REITs is they are taxed at a higher rate than qualified dividends. The IRS does not classify them as dividends, which means you’ll have to pay more on earnings than you would on dividends received from a company like Coke. Industry performance  Investing in REITs typically requires picking specific industries. For example, you may invest in a residential REIT or the hospitality sector.  As such, the success of your REIT investments will depend largely on the success of individual sectors. So if you buy a residential REIT and the housing market unexpectedly tanks, you’ll most likely have a setback. Even so, there are ways of reducing risk and volatility. You just need to invest in typically stable sectors. This is another reason to have diversified holdings and protect yourself from risk. Property tax Another risk to be aware of is property taxes. When states raise property tax rates, it negatively impacts REIT performance. This is something else to keep in mind when buying REITs—particularly those that are based on geographic factors. How do I know if a REIT is worth buying? There are several valuation metrics you can use to determine whether a REIT is worth buying. Here are three. 1. Credit rating Take a look at the REIT’s debt rating to get an overall assessment of how stable and trustworthy the fund is. Look for REITs with investment-grade ratings to be safe and avoid REITs with questionable ratings.  2. Funds from operations (FFO) The