nasdaqrivn
Key Points Rivian had a solid quarter supported by ramping production.Production and deliveries topped estimates and led the company to raise guidance.The stock shows signs of a classic bottom and reversal that could take the market to new highs.5 stocks we like better than Rivian AutomotiveThe Rivian (NASDAQ:RIVN) market hit bottom and shifted into reverse earlier this year. With production ramps moving along nicely and the Q2 results above expectations, the market for this stock is about to shift into a higher gear. The recent pullback in the price action confirms support at a critical level...
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Automakers Continue to be Among Most Shorted Securities in Americas in July, According to Hazeltree’s Shortside Crowdedness Report Sourced from Hazeltree’s proprietary securities finance platform data, which tracks approximately 12,000 global equities, the monthly snapshot examines shorting activity across the Americas, EMEA, and APAC The data contained in the report comes from Hazeltree’s proprietary securities finance platform data, which tracks approximately 12,000 global equities across the Americas, EMEA, and APAC. The data is aggregated and anonymized from the contributing Hazeltree comm...
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Key Points Rivian stock has surged nearly 87% in the last month and 106% in the previous three months.Analysts maintain a Moderate Buy rating with a consensus price target of $27.11, implying a 7.63% upside for RIVN shares.Rising short interest may impact the stock’s future momentum, making critical support and resistance levels essential to watch.5 stocks we like better than Rivian AutomotiveSince breaking out over critical resistance at $16, shares of Rivian Automotive (NASDAQ:RIVN) haven’t looked back. The stock is up almost 87% in the last month and 106% over the previous three months. Fin...
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Key Points Rivian’s stock has risen over 40% year-to-date after breaking above critical resistance levels and establishing firm support.The stock broke out after the company announced stronger-than-expected Q2 delivery and production figures.The growing short interest might potentially lead to a significant short squeeze.Two recent price target increases and a consensus rating of Moderate Buy reinforce the potential for Rivian’s upward momentum to continue.5 stocks we like better than Rivian AutomotiveJust over a week ago, shares of Rivian Automotive (NASDAQ:RIVN) were in the negative year-to-...
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Shares hit fresh lows after management raise funds.Rivian is now well capitalized and trending towards profitability.It’s looking like a long term low might soon be put in.5 stocks we like better than Rivian AutomotiveA 12% drop on Tuesday was the last thing investors of electric vehicle (EV) maker Rivian Automotive Inc (NASDAQ:RIVN) were expecting. Despite having already sank more than 50% since last quarter, they would have been hoping the stock was set to start recovering rather than falling to fresh lows. After all, MarketBeat has written extensively about the recovery rallies across beate...
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In his podcast addressing the markets today, Louis Navellier offered the following commentary. No PivotThis is a big week for economic news. The Labor Department on Tuesday announced that the Consumer Price Index (CPI) rose 0.5% in January and 6.4% in the past 12 months. The core CPI, excluding food and energy, rose 0.4% in January and 5.6% in the past 12 months. Q4 2022 hedge fund letters, conferences and more Food costs rose 0.5% in January and 10.1% in the past 12 months. Energy costs rose 2% in January and 8.7% in the past 12 months. Owners' Equivalent Rent rose 0.7% in January and 7.9% in...
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In his podcast addressing the markets today, Louis Navellier offered the following commentary. Contracting ManufacturingThe Institute of Supply Management (ISM) reported on Wednesday that its manufacturing index declined to 48.4 in December, down from 49 in November. This is the second straight month that the ISM manufacturing index has been below 50, which signals a contraction after 30 straight months of expansion. Q4 2022 hedge fund letters, conferences and more Interestingly, the production component declined to 48.5 in December (down from 51.5 in November), while the new orders component ...
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In his podcast addressing the markets today, Louis Navellier offered the following commentary. Cramer PuzzleJim Cramer advised investors to sell stocks this week as earnings season continues. Specifically, Cramer last Friday said “The market’s dominated by the tick, tick, tick of bonds, oil and the dollar. So, remember, if we have a big up day like yesterday, that is a chance to do some (selling) because there probably won’t be any follow-through.” Humm. Q3 2022 hedge fund letters, conferences and more I am puzzled why Cramer did not recommend any oil stocks if he thinks they are so disruptive...
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Auto stocks may be in favor again, as prices for used cars continue to plummet on excess supply. The auto market has been functioning at odds with economic laws recently, and at times prices of used cars have been higher than their new model counterpart. But as the money supply starts to tighten up used car prices are once again starting to moderate, and sales are increasingly starting to increase for new cars. Q2 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best int...
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The electric vehicle (EV) space is filled with exciting developments, from the rise of new manufacturers to the transition of legacy automakers into the EV space to the expansion to the EV charging grid needed to support more electric vehicles on the road. But an industry isn’t built overnight, and the race to be at the forefront of tomorrow’s EV space is very much heating up. For investors, keeping an eye on leading EV companies and how they pivot to meet this unique and historic moment will be key to realizing a big return on investment in a space that is impacting the entire world. Q2 2022 ...
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