Nio Inc. (NIO) reported a 3Q loss that was much more than anticipated, says Aquiles Larrea. He recaps NIO and Ralph Lauren's (RL) earnings. He then notes that the S&P 500 is on pace for the best day since April 2020. He talks about how NIO is down over 68% YTD. He also discusses how he likes NIO as potentially a growth company especially in the Chinese market and Asian markets in general. He then goes over how RL could see a nice jump to the upside in the short term. Tune in to find out more about the stock market today.