Rating Action: Moody's assigns definitive ratings to Heying Commercial Factoring 2021-02 All-Trust Receivables, an auto lease asset-backed notes transaction in ChinaGlobal Credit Research - 29 Dec 2021Hong Kong, December 29, 2021 -- Moody's Investors Service has assigned definitive ratings to four classes of notes issued by Heying Commercial Factoring 2021-02 All-Trust Receivables Private Asset-Backed Notes (Bond Connect) Trust.The complete rating action is as follows:Deal name: Heying Commercial Factoring 2021-02 All-Trust Receivables Private Asset-Backed Notes (Bond Connect)... RMB176,000,000 Class A-1 Senior Notes, Assigned Aa1 (sf)... RMB88,000,000 Class A-2 Senior Notes, Assigned Aa1 (sf)... RMB28,000,000 Class B Senior Notes, Assigned A2 (sf)... RMB36,000,000 Class C-1 Subordinated Notes, Assigned B2 (sf)The RMB18,000,000 Class C-2 Subordinated Notes are not rated by Moody's.RATINGS RATIONALEThis securitization transaction is backed by a static portfolio of auto leases originated and underwritten by All-Trust Leasing Co., Ltd. (All-Trust) and verified by Heying Commercial Factoring (Shenzhen) Co., Ltd. (Heying) in China. All-Trust is the servicer I and Heying is the servicer II and back-up servicer of the transaction.Moody's analysis focused on, among other factors, (i) an evaluation of the underlying portfolio of auto lease receivables; (ii) historical performance of auto lease receivables on the originator's book; (iii) the credit enhancement provided by subordination, over-collateralization and reserve account; (iv) an assessment of the financial disruption risk and structural mitigants, including a hot back-up servicer (BUS), and liquidity support available in the transaction by way of principal to pay interest, the reserve account and direct lease payment to the issuer's account; and (v) the legal and structural aspects of the transaction.Moody's has considered, among other things, the transaction's following key strengths:(1) Static structure with fast amortization and no revolving period. As a result, the transaction is only exposed to the default risk of the leases in the cutoff pool. Furthermore, the transaction will follow a turbo payment structure, under which all interest and principal lease payments are used to repay the rated notes in order of the notes' seniority, from the first monthly payment date until they are repaid in full.(2) Strong credit enhancement: The rated notes are protected by the class of notes that rank junior to each of them, over-collateralization, a fully-funded non-amortizing cash reserve account at closing and any excess spread received, which can all be used to repay the notes' principal by their maturity.(3) Direct payments into issuer's account: At lease origination, the lessees have authorized Heying and the trustee to direct debit lease payments. Lease payments will be paid into the issuer's trust account directly starting from the closing date. This largely reduces the risks of lease payments being commingled with servicers' funds and reduces the risk of cash flow disruption even if a servicer termination event occurs.(4) Favorable pool characteristics: The pool of lessees is granular, with about 4,600 leases with lessees across 31 regions in China, and leased vehicles from over 100 brands. All the leases are fully amortizing and do not have residual value risk or balloon repayments on the last installment date. All the leases have a contract tenor of no more than three years and are at fixed interest rates.Moody's has also considered the following credit challenges:(1) Operational risk: All-Trust, the originator/servicer I, is unrated. The servicing disruption risk is largely mitigated by (i) the appointment of a hot BUS, Heying (unrated), at closing with a robust preparation for servicing transition, where the BUS is immediately and automatically obliged to take over all the key obligations of the nonperforming servicer I; (ii) pre-authorization by obligors to transfer lease payments directly from obligors' accounts into the issuer's trust account from the closing date and (iii) a non-amortizing reserve account fully funded at closing, together with the lease payments received in the prior month, will be sufficient to cover at least three months of senior fees, expenses and notes' interest payments in case of servicer disruption.(2) Lease termination risk: If the originator becomes bankrupt and its bankruptcy administrator decided to terminate the leases early, the issuer would lose the future lease payments. Lease termination risk is mitigated in this deal as the originator irrevocably transferred the ownership of the leased vehicles to the issuer on the closing date. This removes the bankruptcy administrator's main incentive to terminate the securitized leases, because the leased vehicles will not form part of the bankruptcy estate of the originator and the bankruptcy administrator will not have rights to repossess the vehicles.(3) Very limited seasoning of the leases and high exposure to used vehicle leases: 46% of the pool of leases are secured by used vehicles. The weighted average seasoning of the pool is short, at around two months as of the pool cutoff date and around six months as of the closing date. All the leases in the pool have at least made one installment.(4) Class C-1 notes will defer the majority of their interest payments until the latter part of the transaction, with no interest on deferred interest payments due on the Class C-1 notes. Only a small portion of interest due on Class C-1 notes is paid on each note's payment date. The majority of the interest due on Class C-1 notes is deferred until all the rated notes (including the Class C-1 notes) are repaid in full and no interest on deferred interest is due on the Class C-1 notes. Moody's has modeled the cash flows allocated to the Class C-1 notes accordingly and considered the absence of interest on deferred interest.MAIN MODEL ASSUMPTIONSMoody's has assumed a mean default rate of 8.25% and a portfolio credit enhancement (PCE) of 32% for the securitized auto lease receivables pool. A recovery rate of 5% is used as the other main input for Moody's cash flow model. These assumptions are made according to (i) Moody's analysis of the characteristics of the securitized pool, (ii) the historical performance of auto lease receivables on the originator's book and similar securitization transactions, (iii) Moody's current expectation of future economic conditions in China, (iv) the origination history and experience of the originator, and (v) other qualitative considerations. Considering all these factors, Moody's lifetime loss expectation for the pool - portfolio's mean default rate of 8.25% and PCE of 32% - is higher than the average for Chinese auto loan/lease ABS.The principal methodology used in these ratings was "Moody's Global Approach to Rating Auto Loan- and Lease-Backed ABS" published in September 2021 and available at https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBS_1264141. Alternatively, please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.Factors that would lead to an upgrade or downgrade of the ratings:Factors that could lead to an upgrade of the rating of the Class A-1 notes and the Class A-2 notes include a decrease in the transaction's financial disruption risk.Factors that could lead to an upgrade of the rating of the Class B notes and the Class C-1 notes include a significant, better-than-expected performance of the pool, with an increase in the credit enhancement of the notes.Factors that could lead to a downgrade of the ratings include (1) an increase in financial disruption risk linked to a deterioration in the credit quality of transaction's counterparties, and (2) a decline in the pool's overall performance.The performance expectations for a given variable indicate Moody's forward-looking view of the likely range of performance over the medium term. Performance that falls outside the given range may indicate that the collateral's credit quality is stronger or weaker than what Moody's had previously anticipated.The CompanyThe originator and servicer I, All-Trust Leasing Co. Ltd., is a non-financial auto leasing company established in 2011 in China. It is wholly owned by China Grand Automotive Services Grp Co., Ltd. (China Grand Auto, B1). China Grand Auto is one of the largest automobile dealers in China and is listed on the Shanghai Stock Exchange.The seller, servicer II and back-up servicer, Heying Commercial Factoring (Shenzhen) Co., Ltd., is a non-financial factoring company established in 2018 in China. It is ultimately wholly owned by WeShare Holdings Limited.REGULATORY DISCLOSURESFor further specification of Moody's key rating assumptions and sensitivity analysis, see the sections Methodology Assumptions and Sensitivity to Assumptions in the disclosure form. Moody's Rating Symbols and Definitions can be found at: https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_79004.Moody's took into account one or more third party due diligence assessment (s) regarding the underlying assets or financial instruments (the "Due Diligence Assessment(s)") in this credit rating action and used the Due Diligence Assessment(s) in preparing the ratings. This had a neutral impact on the ratings.The Due Diligence Assessment(s) referenced herein were prepared and produced solely by parties other than Moody's. While Moody's uses Due Diligence Assessment(s) only to the extent that Moody's believes them to be reliable for purposes of the intended use, Moody's does not independently audit or verify the information or procedures used by third-party due-diligence providers in the preparation of the Due Diligence Assessment(s) and makes no representation or warranty, express or implied, as to the accuracy, timeliness, completeness, merchantability or fitness for any particular purpose of the Due Diligence Assessment(s).The analysis includes an assessment of collateral characteristics and performance to determine the expected collateral loss or a range of expected collateral losses or cash flows to the rated instruments. As a second step, Moody's estimates expected collateral losses or cash flows using a quantitative tool that takes into account credit enhancement, loss allocation and other structural features, to derive the expected loss for each rated instrument.Moody's quantitative analysis entails an evaluation of scenarios that stress factors contributing to sensitivity of ratings and take into account the likelihood of severe collateral losses or impaired cash flows.For ratings issued on a program, series, category/class of debt or security this announcement provides certain regulatory disclosures in relation to each rating of a subsequently issued bond or note of the same series, category/class of debt, security or pursuant to a program for which the ratings are derived exclusively from existing ratings in accordance with Moody's rating practices. For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the credit rating action on the support provider and in relation to each particular credit rating action for securities that derive their credit ratings from the support provider's credit rating. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating. For further information please see the ratings tab on the issuer/entity page for the respective issuer on www.moodys.com.For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action, the associated regulatory disclosures will be those of the guarantor entity. Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.The ratings have been disclosed to the rated entity or its designated agent(s) and issued with no amendment resulting from that disclosure.These ratings are solicited. Please refer to Moody's Policy for Designating and Assigning Unsolicited Credit Ratings available on its website www.moodys.com.Moody's considers a rated entity or its agent(s) to be participating when it maintains an overall relationship with Moody's. Unless noted in the Regulatory Disclosures as a Non-Participating Entity, the rated entity is participating and the rated entity or its agent(s) generally provides Moody's with information for the purposes of its ratings process. Please refer to www.moodys.com for the Regulatory Disclosures for each credit rating action under the ratings tab on the issuer/entity page and for details of Moody's Policy for Designating Non-Participating Rated Entities.Regulatory disclosures contained in this press release apply to the credit rating and, if applicable, the related rating outlook or rating review.Moody's general principles for assessing environmental, social and governance (ESG) risks in our credit analysis can be found at http://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1288235.The Global Scale Credit Rating on this Credit Rating Announcement was issued by one of Moody's affiliates outside the EU and is endorsed by Moody's Deutschland GmbH, An der Welle 5, Frankfurt am Main 60322, Germany, in accordance with Art.4 paragraph 3 of the Regulation (EC) No 1060/2009 on Credit Rating Agencies. Further information on the EU endorsement status and on the Moody's office that issued the credit rating is available on www.moodys.com.The Global Scale Credit Rating on this Credit Rating Announcement was issued by one of Moody's affiliates outside the UK and is endorsed by Moody's Investors Service Limited, One Canada Square, Canary Wharf, London E14 5FA under the law applicable to credit rating agencies in the UK. Further information on the UK endorsement status and on the Moody's office that issued the credit rating is available on www.moodys.com.For PRC only: Neither MCO nor any of its majority-owned affiliates is a qualified credit rating agency within the PRC. Any rating assigned by MCO or any of its majority-owned affiliates: (1) does not constitute a rating as required under any relevant PRC laws or regulations; (2) cannot be included in any registration statement, offering circular, prospectus or any other documents submitted to the PRC regulatory authorities; and (3) cannot be used within the PRC for any regulatory purpose or for any other purpose which is not permitted under relevant PRC laws or regulations. For the purposes of this paragraph only, "PRC" refers to the mainland of the People's Republic of China, excluding (i)Hong Kong SAR, China, (ii) Macau SAR, China and (iii) Taiwan, China.Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody's legal entity that has issued the rating.Please see the ratings tab on the issuer/entity page on www.moodys.com for additional regulatory disclosures for each credit rating.The first name below is the lead rating analyst for this Credit Rating and the last name below is the person primarily responsible for approving this Credit Rating. Elaine Ng VP - Senior Credit Officer Structured Finance Group Moody's Investors Service Hong Kong Ltd. 24/F One Pacific Place 88 Queensway Hong Kong China (Hong Kong S.A.R.) JOURNALISTS: 852 3758 1350 Client Service: 852 3551 3077 Jerome Cheng Associate Managing Director Structured Finance Group JOURNALISTS: 852 3758 1350 Client Service: 852 3551 3077 Releasing Office: Moody's Investors Service Hong Kong Ltd. 24/F One Pacific Place 88 Queensway Hong Kong China (Hong Kong S.A.R.) JOURNALISTS: 852 3758 1350 Client Service: 852 3551 3077 © 2021 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved.CREDIT RATINGS ISSUED BY MOODY'S CREDIT RATINGS AFFILIATES ARE THEIR CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES, AND MATERIALS, PRODUCTS, SERVICES AND INFORMATION PUBLISHED BY MOODY’S (COLLECTIVELY, “PUBLICATIONS”) MAY INCLUDE SUCH CURRENT OPINIONS. MOODY’S DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT MEET ITS CONTRACTUAL FINANCIAL OBLIGATIONS AS THEY COME DUE AND ANY ESTIMATED FINANCIAL LOSS IN THE EVENT OF DEFAULT OR IMPAIRMENT. SEE APPLICABLE MOODY’S RATING SYMBOLS AND DEFINITIONS PUBLICATION FOR INFORMATION ON THE TYPES OF CONTRACTUAL FINANCIAL OBLIGATIONS ADDRESSED BY MOODY’S CREDIT RATINGS. CREDIT RATINGS DO NOT ADDRESS ANY OTHER RISK, INCLUDING BUT NOT LIMITED TO: LIQUIDITY RISK, MARKET VALUE RISK, OR PRICE VOLATILITY. CREDIT RATINGS, NON-CREDIT ASSESSMENTS (“ASSESSMENTS”), AND OTHER OPINIONS INCLUDED IN MOODY’S PUBLICATIONS ARE NOT STATEMENTS OF CURRENT OR HISTORICAL FACT. MOODY’S PUBLICATIONS MAY ALSO INCLUDE QUANTITATIVE MODEL-BASED ESTIMATES OF CREDIT RISK AND RELATED OPINIONS OR COMMENTARY PUBLISHED BY MOODY’S ANALYTICS, INC. AND/OR ITS AFFILIATES. MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS DO NOT CONSTITUTE OR PROVIDE INVESTMENT OR FINANCIAL ADVICE, AND MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT AND DO NOT PROVIDE RECOMMENDATIONS TO PURCHASE, SELL, OR HOLD PARTICULAR SECURITIES. MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS DO NOT COMMENT ON THE SUITABILITY OF AN INVESTMENT FOR ANY PARTICULAR INVESTOR. MOODY’S ISSUES ITS CREDIT RATINGS, ASSESSMENTS AND OTHER OPINIONS AND PUBLISHES ITS PUBLICATIONS WITH THE EXPECTATION AND UNDERSTANDING THAT EACH INVESTOR WILL, WITH DUE CARE, MAKE ITS OWN STUDY AND EVALUATION OF EACH SECURITY THAT IS UNDER CONSIDERATION FOR PURCHASE, HOLDING, OR SALE.MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER.ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY’S PRIOR WRITTEN CONSENT.MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT COULD RESULT IN THEM BEING CONSIDERED A BENCHMARK.All information contained herein is obtained by MOODY’S from sources believed by it to be accurate and reliable. Because of the possibility of human or mechanical error as well as other factors, however, all information contained herein is provided “AS IS” without warranty of any kind. MOODY'S adopts all necessary measures so that the information it uses in assigning a credit rating is of sufficient quality and from sources MOODY'S considers to be reliable including, when appropriate, independent third-party sources. However, MOODY’S is not an auditor and cannot in every instance independently verify or validate information received in the rating process or in preparing its Publications.To the extent permitted by law, MOODY’S and its directors, officers, employees, agents, representatives, licensors and suppliers disclaim liability to any person or entity for any indirect, special, consequential, or incidental losses or damages whatsoever arising from or in connection with the information contained herein or the use of or inability to use any such information, even if MOODY’S or any of its directors, officers, employees, agents, representatives, licensors or suppliers is advised in advance of the possibility of such losses or damages, including but not limited to: (a) any loss of present or prospective profits or (b) any loss or damage arising where the relevant financial instrument is not the subject of a particular credit rating assigned by MOODY’S.To the extent permitted by law, MOODY’S and its directors, officers, employees, agents, representatives, licensors and suppliers disclaim liability for any direct or compensatory losses or damages caused to any person or entity, including but not limited to by any negligence (but excluding fraud, willful misconduct or any other type of liability that, for the avoidance of doubt, by law cannot be excluded) on the part of, or any contingency within or beyond the control of, MOODY’S or any of its directors, officers, employees, agents, representatives, licensors or suppliers, arising from or in connection with the information contained herein or the use of or inability to use any such information.NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY CREDIT RATING, ASSESSMENT, OTHER OPINION OR INFORMATION IS GIVEN OR MADE BY MOODY’S IN ANY FORM OR MANNER WHATSOEVER.Moody’s Investors Service, Inc., a wholly-owned credit rating agency subsidiary of Moody’s Corporation (“MCO”), hereby discloses that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by Moody’s Investors Service, Inc. have, prior to assignment of any credit rating, agreed to pay to Moody’s Investors Service, Inc. for credit ratings opinions and services rendered by it fees ranging from $1,000 to approximately $5,000,000. MCO and Moody’s Investors Service also maintain policies and procedures to address the independence of Moody’s Investors Service credit ratings and credit rating processes. Information regarding certain affiliations that may exist between directors of MCO and rated entities, and between entities who hold credit ratings from Moody’s Investors Service and have also publicly reported to the SEC an ownership interest in MCO of more than 5%, is posted annually at www.moodys.com under the heading “Investor Relations — Corporate Governance — Director and Shareholder Affiliation Policy.”Additional terms for Australia only: Any publication into Australia of this document is pursuant to the Australian Financial Services License of MOODY’S affiliate, Moody’s Investors Service Pty Limited ABN 61 003 399 657AFSL 336969 and/or Moody’s Analytics Australia Pty Ltd ABN 94 105 136 972 AFSL 383569 (as applicable). This document is intended to be provided only to “wholesale clients” within the meaning of section 761G of the Corporations Act 2001. By continuing to access this document from within Australia, you represent to MOODY’S that you are, or are accessing the document as a representative of, a “wholesale client” and that neither you nor the entity you represent will directly or indirectly disseminate this document or its contents to “retail clients” within the meaning of section 761G of the Corporations Act 2001. MOODY’S credit rating is an opinion as to the creditworthiness of a debt obligation of the issuer, not on the equity securities of the issuer or any form of security that is available to retail investors.Additional terms for Japan only: Moody's Japan K.K. (“MJKK”) is a wholly-owned credit rating agency subsidiary of Moody's Group Japan G.K., which is wholly-owned by Moody’s Overseas Holdings Inc., a wholly-owned subsidiary of MCO. Moody’s SF Japan K.K. (“MSFJ”) is a wholly-owned credit rating agency subsidiary of MJKK. MSFJ is not a Nationally Recognized Statistical Rating Organization (“NRSRO”). Therefore, credit ratings assigned by MSFJ are Non-NRSRO Credit Ratings. Non-NRSRO Credit Ratings are assigned by an entity that is not a NRSRO and, consequently, the rated obligation will not qualify for certain types of treatment under U.S. laws. MJKK and MSFJ are credit rating agencies registered with the Japan Financial Services Agency and their registration numbers are FSA Commissioner (Ratings) No. 2 and 3 respectively.MJKK or MSFJ (as applicable) hereby disclose that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by MJKK or MSFJ (as applicable) have, prior to assignment of any credit rating, agreed to pay to MJKK or MSFJ (as applicable) for credit ratings opinions and services rendered by it fees ranging from JPY125,000 to approximately JPY550,000,000.MJKK and MSFJ also maintain policies and procedures to address Japanese regulatory requirements. ​

Recovering from a three-day sell-off, shares of Chinese e-commerce giant Alibaba Group Holding Limited (NYSE: BABA) stock bounced back on Thursday and are up 7.2% as of 11:11 a.m. ET. Alibaba's bounce back appears tied to a Bloomberg report yesterday that the company is "weighing options" to dispose of its 30% stake in Weibo (NASDAQ: WB), the "Chinese Twitter," and may sell its Weibo shares to "a state-owned firm." There are at least a couple of reasons why such a move could be good for Alibaba.

Shares of a large number of Chinese consumer goods stocks were soaring on Thursday. Streaming video leader iQiyi (NASDAQ: IQ) was up 17.4%, online music titan Tencent Music Entertainment Group (NYSE: TME) gained as much as 15.7%, online entertainment platform DouYu International (NASDAQ: DOYU) climbed as much as 15.6%, and search giant Baidu (NASDAQ: BIDU) jumped 10.8%. The catalyst that sent these consumer-facing Chinese stocks surging was comments made by government regulatory agencies regarding plans to boost the most populous nation's economy.

If you haven't been paying close attention to Vector Group (NYSE: VGR) stock lately, you might have woken up to a shock today. At a share price of $11.27 as of 10:45 a.m. EDT Thursday, Vector's stock seems to have lost a third of its value overnight, after closing at $17.16 Wednesday evening. Instead, what happened is that after close of trading yesterday, Vector completed the spinoff of Douglas Elliman Realty (NYSE: DOUG), its New York-based commercial real estate brokerage, effectively dividing itself into two stand-alone companies.

The need of a robust charging infrastructure to support the growth of electric vehicles (EVs) is undisputed. What isn't as clear is which players will be instrumental in developing this infrastructure and, more importantly, whether can they do this profitably. Let's discuss which of the two top EV charging stocks, ChargePoint (NYSE: CHPT) and Blink Charging (NASDAQ: BLNK), is a better buy right now.

Let’s talk about losses. Specifically, let’s talk about individual stock losses during a time of generally rising markets. While these situations can define stocks that are fundamentally unsound, they can also highlight stocks that are primed for rapid gains. To start with, we’re still in a long-term bullish trend. It got started back in March of 2020, when the economy hit bottom during the initial stage of the pandemic crisis. Since then, that first bounce back up has turned into a strong and s

The bank suggests going overweight on these sectors to avoid negative returns.

Warren Buffett's Berkshire Hathaway portfolio provides a mix of legacy and current investments. Fortunately, some companies in Buffett's portfolio continue to hold potential for investor returns. Investors wanting meaningful growth should consider companies such as Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), and Verizon (NYSE: VZ).

The explosive price action on meme stocks like AMC (NYSE: AMC) and Gamestop (NYSE: GME) in 2021 put the idea of a "short squeeze" on the minds of retail investors, who are now looking for the next potential stock that might vault higher. While these meme stocks ended up being extreme squeezes, to a lesser extent short-sellers have beaten down insurance tech company Lemonade (NYSE: LMND) as well. What is a short squeeze?

Wood believes we're still in a strong bull market. Take advantage.

Shares of Ocugen Inc. surged 6.4% in morning trading Thursday, to bounce off a near 11-month low, after the biopharmaceutical company said its partner, Bharat Biotech, reported positive results from a trial of its COVID-19 vaccine candidate. In a Phase 2/3 trial in India, the company said Covaxin demonstrated in children 2-to-18 years old a "robust" neutralizing antibody response and "favorable" safety profile on the pre-print server. And when using a two-dose regimen given 28-days apart showed

As we close out 2021, investors who came into the year with high hopes for entertainment king Disney (NYSE: DIS) have had them dashed. Disney stock is down 12% in 2021 at the same time that the S&P 500 is up 28%. It can be challenging to see your investments plummet, but the worst thing Disney shareholders can do right now is sell at a loss.

More than 90 large-cap stocks are down at least 20% from their 2021 highs, but analysts love many of them, including JD.com, PayPal and Disney.

The American Idol alum defended her husband from backlash on Instagram, writing, "Stop being so offended by what people post who have zero impact on your life and move on"

Yahoo Finance Live's Brian Sozzi and Julie Hyman break down Citi's move to raise the price targets for key EV players Tesla, Ford, and GM, in addition to looking at the slumps Chinese tech companies are experiencing and Biogen's stock following after Samsung rebuts reports of acquisition.

Dividend Kings are among the safest dividend growth stocks you can invest in. At a time when inflation is high and eroding purchasing power, a rising dividend can be a way to help fight that and ensure investors' dividend income isn't diminishing over time. Three Dividend Kings to consider today are AbbVie (NYSE: ABBV), 3M (NYSE: MMM), and Northwest Natural Holding (NYSE: NWN).

This could be a year to forget for Cathie Wood. The founder, CEO, and chief investment officer of ARK Invest has had a rough 2021 after a monster 2020. She might be relieved when 2022 comes around. ARK Invest offers up a daily digest of the trades across its widely followed exchange-traded funds (ETFs).

(Bloomberg) -- Tesla Inc. recalled some 475,000 cars in the U.S. -- nearly equivalent to its global deliveries last year -- because of technical defects that may increase the risk of accidents.Most Read from BloombergGhislaine Maxwell Found Guilty in Win for Epstein VictimsMercedes Swept Up in China Internet Furor Over Models’ EyesApple Aims to Prevent Defections to Meta With Rare $180,000 Bonuses for Top TalentTwo Doses of J&J’s Vaccine Slashes Omicron Hospital StaysThe company plans to recall

Yahoo Finance's Julie Hyman and Brian Sozzi discuss why Tesla recalled 475,000 vehicles in the U.S. and what it means for the stock.

Pharmaceutical giant Pfizer (NYSE: PFE) has been at the front of the industry, developing treatments for COVID since the pandemic started. While it's unfortunate that the world continues to grapple with various strains of the virus, most recently the omicron variant, Pfizer's products remain in high demand, which will likely boost its 2022 business results. Below we will put some numbers to just how much Pfizer's treatments boosted its business this year and why 2022 could continue the trend, making it a surefire winning stock this year.

Shares of cruise operators took a dive into negative territory in midday trading Thursday, erasing earlier gains, after the U.S. Centers for Disease Control and Prevention said it now recommends avoiding cruise travel, "regardless of vaccination status," but stopped short of requiring a pause in sailings. The CDC said it has raised its COVID-19 Travel Health Notice to "Level 4: Very High" from "Level 3: High," reflecting increases in cases onboard cruise ships since identification of the omicron