Diamonds and Dogs
7/15/14Kandi Technologies Group Inc. (KNDI)
Kandi Technologies Group was impressive today up close to 5% to $19.53. The Chinese Technology Group's stock spiked this week after they announced respectable sales of their electric cars produced in partner with Geely. Kandi Technologies has been acknowledged as the Tesla Motors of China by some investors. The main difference between the two is that Kandi rather makes smaller and cheaper electric cars. Their stock is up 58% in 2014 and should begin to gain more respect from investors; therefore comparisons to Tesla will no longer be so farfetched.
Lorillard Inc. (LO)
Investigation taking place on the cigarette company Lorillard Inc. (LO) which is down 8.57% at the price of $61.47. Lorillard, Inc., through its subsidiaries, manufactures and sells cigarettes in the United States. The reason for LO stock being in the ashtray today is because of possible breaches of fiduciary duty and other violations of state law in connection with the sale of the company to Reynolds American Inc. The future for LO stocks are looking a little foggy and it is uncertain that they will light up after the investigation!