Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold over 160,000 EVs in 2023, accounting for about 2% of the China passenger new energy vehicle market.

The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.

The Federal Reserve's favorite inflation indicator, the PCE Price Index, will be released by the BEA this morning. PCE differs from the better-known Consumer Price Index because its composition is changed more frequently and it is thus quicker to reflect the impact of real-time pricing fluctuations. In the most recent report, through July, PCE inflation was reported at 2.5% year over year. Core PCE, which removes volatile food and energy prices, rose at a rate of 2.6% in the latest month. Our PCE forecasts are for 2.3% for the headline number and 2.8% for the core reading. Overall, inflation in this cycle peaked in summer 2022 and has been on a fairly consistent downward trek since then. We track 20 inflation measures on a monthly basis. On average, they are indicating that prices are rising at a 2.25% rate year over year, down from 2.70% a month ago. The numbers are volatile and are distorted somewhat by ultra-low readings within the Producer Price Intermediate Goods category, which may well be pointing to easing prices across the inflation spectrum in the months ahead. Focusing on core, our reading is 2.47%, essentially level month over month. That's propped up by sticky prices on shelter and transportation (the Sticky Price Core CPI Index reading is currently 4.1%). Looking ahead, investors are expecting that the Federal Reserve's series of rate hikes ultimately will tame inflation, with the three-year forward expectation rate at 2.17%.

Palantir is an analytical software company that focuses on leveraging data to create efficiencies in its clients’ organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. The Denver-based company was founded in 2003 and went public in 2020.