Category: RIVN

Next Big Thing

Don’t be surprised if there’s not a lot of upside for stocks between now and the next Fed meeting on June 14. The S&P 500 has come a long way to challenge its 52-week highs, a little breather makes sense. And if the market decides to pull back, it doesn’t mean that this rally was all BS hype. Use weakness to add quality stocks.

Position Updates May 15, 2023

Both of the AI stocks I’ve recommended, C3.ai (NASDAQ: AI) and Schrodinger (NASDAQ: SDGR) are looking good. C3.ai is flying today after it pre-announced a better than expected quarter. The stock was crushed 6 weeks ago by a hatchet job from short seller Hindenburg Research. But shares found support at the 200-day moving average. And this quarterly earnings report should help convince investors that the Hindenburg short report was a bunch of hooey.

EV Maker Beating Inflation

It’s always something. If it’s not one thing, it’s another… If it’s not fear of a government debt default overshadowing the good good vibes from a surprisingly cool read on inflation, it’s a regional bank mini-crisis sapping the fun out of a better than expected earnings season…

Fed’s Balance Sheet Bingo

Two American banks failed. A few more – including a pretty big international bank, Credit Suisse (NYSE: CS) – weakened to the point that action was required. So the powers that be – ie the Fed, the Treasury and other banks – have stepped up to offer a backstop intended to assure account holders that they don’t need to pull their funds out.

Coming up Roses

As of yesterday, pretty much everything we’ve been talking about over the last month blossomed. We were looking for the S&P 500 to take a run at 4100. It did even better, closing yesterday at 4179. We were looking for Amazon (NASDAQ: AMZN) to make a convincing move above $100 that would carry it up to $110. Amazon finished yesterday at $112.91.

Ford’s Big Mistake

Iconic American carmaker Ford just made a big mistake. In an effort to get around supply constraints for nickel and cobalt for electric car batteries, Ford decided to use lithium iron phosphate batteries for all of its electric F-150 Lightning trucks.

The Case for Rivian Automotive

There’s nothing sexy about delivery vans (though I will admit that I really like those Mercedes Sprinters). But the numbers that can be generated from supplying vehicles to massive delivery fleets like what FedEX, UPS and even the USPS operates are very seductive. And so it’s an attractive market for EV makers.