Apollod Wed
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Recently, the electric vehicle industry has fallen out of favor with investors due to falling demand for electric vehicles and concerns that Fiske might file for bankruptcy.
A number of electric vehicle manufacturers such as Rivian Automotive (NASDAQ: RIVN), Lucid Group (LCID), and Tesla (TSLA) have shown signs of slowing growth, which has led to significant loss of value over the past year. Rivian's recent first-quarter earnings report also fell short of Wall Street's expectations.
Despite this, Rivian is sticking to its target of delivering 57,000 electric vehicles for the 2024 fiscal year, and now the EV maker's revenue momentum and unit economy are improving.
Although it may take longer than expected for this electric vehicle company to achieve profits, I think the risk-to-benefit ratio still tends to be positive for long-term investors!
Previous ratings
In February of this year, I strongly recommended buying Rivian shares. Since then, the company announced 17,541 electric vehicles produced in the fourth quarter, a record high: it will soon become a single-price stock, so what do we do now?
Despite the many challenges facing the electric vehicle industry in a market environment of low demand and continued inflation, I still think Rivian is moving in the right direction, especially given that it has confirmed delivery for the 2024 fiscal year...
A number of electric vehicle manufacturers such as Rivian Automotive (NASDAQ: RIVN), Lucid Group (LCID), and Tesla (TSLA) have shown signs of slowing growth, which has led to significant loss of value over the past year. Rivian's recent first-quarter earnings report also fell short of Wall Street's expectations.
Despite this, Rivian is sticking to its target of delivering 57,000 electric vehicles for the 2024 fiscal year, and now the EV maker's revenue momentum and unit economy are improving.
Although it may take longer than expected for this electric vehicle company to achieve profits, I think the risk-to-benefit ratio still tends to be positive for long-term investors!
Previous ratings
In February of this year, I strongly recommended buying Rivian shares. Since then, the company announced 17,541 electric vehicles produced in the fourth quarter, a record high: it will soon become a single-price stock, so what do we do now?
Despite the many challenges facing the electric vehicle industry in a market environment of low demand and continued inflation, I still think Rivian is moving in the right direction, especially given that it has confirmed delivery for the 2024 fiscal year...
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Apollod Wed
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$TDH Holdings(PETZ.US$ keep this on your list. Bollinger bands are getting tight on the monthly and weekly - this would be a nice bollingerband squeeze. RSI on the D, Wk, Month is under 50. SMA200 on the weekly is at around 19 which could act as a magnet to pull the price that way.
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Apollod Wed
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Good morning mooers! Here are things you need to know about today's market:
● S&P/TSX 60 Index Standard Futures are trading at 1,330.10, down 0.75%
● Trans Mountain seen delivering better prices for Canadian oil 'for years'
● Suncor earns $1.6B in first quarter, breaks all-time oilsands production record
● Shopify's stock slides 18% after company swings to quarterly loss
● Regulator...
● S&P/TSX 60 Index Standard Futures are trading at 1,330.10, down 0.75%
● Trans Mountain seen delivering better prices for Canadian oil 'for years'
● Suncor earns $1.6B in first quarter, breaks all-time oilsands production record
● Shopify's stock slides 18% after company swings to quarterly loss
● Regulator...
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Apollod Wed
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Bursa Malaysia's market capitalisation hit RM2 trillion for first time ever, $FTSE Bursa Malaysia KLCI Index(.KLSE.MY$ at two-year high!
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Apollod Wed
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Morgan Stanley upgraded Tesla $Tesla(TSLA.US$with a $310 price target, Piper Sandler & Co with a $205 Tesla $Tesla(TSLA.US$target, Cantor Fitzgerald with a $230.00 $Tesla(TSLA.US$target on Friday May 3, as Elon Musk again slashed company costs. Investment banks are viewing China's new policies including a new EV policy as a tailwind. All this comes at a time when China gave the nod f...
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Apollod Wed
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