 Electric cars What's up money geeks Mr. V here welcome to another video guys so into this video We are gonna be talking about neo ticket symbol and IO. This is our a Chinese Electric car manufacturer which we cover here on the channel when when we first talked about it here on the channel This talk was trading at about 12 dollars and since then it squeezed all the way to 28 dollars and some change But before we get started guys if you're new to the channel We talk about how to earn money how to save money how to invest and build wealth So if there's something that interests you go ahead and hit that subscribe button In the notification bell so you don't miss out on new content So why is neo in the news? Basically the analyst over at JP Morgan actually ranked neo as the winner of the crowded Chinese EV market. We're talking about competition from Lee Otto, Baidu, Zepin Just name it. It's a very crowded market and the fact that they came out on top that is huge Because this company even with the pandemic going on They've actually gone from starting the year trading at about under four dollars and now to turning about over 28 dollars That's huge gain in the pandemic. So Question is what happens if we get a vaccine? What happens if this pandemic is over the Chinese market is huge And they can only if they can only get 10% or 15% of that market This is this is good for them. This analyst have actually raised the price target of Neo from the 2014 dollars that they did last time to now 40 dollars Again, let me remind you the stock is currently trading at 28 dollars and some change So to 40 dollars for transparency. I actually own neo in my portfolio I've been adding as the price goes up added at $9 added at $12 added at 14 added at 21 And I might add some again even now at 28 The goal is that when it gets to a good price where I feel comfortable I'm going to take out my initial investment and only play with house money. That's my strategy Some people just bought and hold for life. I would take my initial investment Let's say if I put in five thousand dollars in the stock and it goes up to ten thousand dollars I'm gonna sell enough to get my five thousand dollars out so I can deploy that in another opportunity And then whatever it's left in there. That's the profit that I made I'm gonna let that ride for as long as unless I have an emergency Which I don't know I might have to go in and sell some of the stock But when I'm playing with house money, I'll let it go. So that's my strategy I don't know what you do. I see people that buy and never touch no matter what I like to take that money and deploy in other things and that way I keep growing my my investment That's that's beside the point. So neo is actually doing you know in the verge of actually getting a break So I don't know about you Do you currently have new in your portfolio? If yes, what price point did you buy it and do you think this is a whole long term if if no What do you see as a challenge? Tesla is currently selling in China as well. And the fact that Tesla is there and doing good and neo is still doing great and they don't even have the exposure that Tesla has Tesla is selling China selling the US neo hasn't been instead of selling abroad right now The base market is China So what happens when neo start expanding to other countries developing countries and selling the cars there I think there is a huge upside to this company even the price I get that this analyst I JP Morgan said at $40 I see neo going beyond that I see neo even get it out the other way to a hundred dollars because Imagine that with the pandemic they have been able to really outperform They've sold they've sell more cars during this period Now what happens if there's nothing going on the economy is booming people are able to work people are able to go To work things are normal. I think there's a huge amount of opportunity here But again, that's what I see. This is the opportunity that I see in the market doesn't mean that 100% right, so you tell me what you think if you have neo you think that all these analysts are correct in naming them Winner of the China EV market or you think maybe they met something up Let me know in the comment section and if you looking to get started with investing Right now we both going to do in a promotion where if we deposit a hundred dollars You get two free stocks not one to links in the description below definitely go check them out That's the platform of choice that I use so definitely check them out. And as always guys Don't be a green savage and stay motivated