The+121.14% rise of Xiaomi's (OTCPK:XIACF) (OTCPK:XIACY) stock since my May 2020 article is prima facie evidence that Seeking Alpha remains the best platform for investing ideas. Xiaomi deserves a spot
Xiaomi Is Outfoxing Apple And Samsung
Summary
- Xiaomi’s stock has shot up +121.14% since my May 21, 2020 buy rating. I am still endorsing it as a buy.
- The global 2Q 2021 smartphone preliminary report from Canalys said Xiaomi has dethroned Apple as the no. 2 firm in smartphone.
- Xiaomi’s Q2 smartphone shipments are +83% Y/Y, giving it a market share of 17%. No. 1 Samsung only has 19%.
- XIACF 12.22% 6M price performance gave us a cheaper buy-in window.
Motek Moyen is a financial analyst, technician, and Adobe multimedia content creator. He studied Mathematics, Commercial Advertising, and Computer Science in the 1990s.
He does not trade stocks.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in XIACY over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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