Since 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. Initially fueled by production and delivery figures that crushed estimates, the move has been sustained by increasing short interest, analyst upgrades, and favorable price action for the bulls. However, with shares up triple digits over the last three months, is it time to think about cashing in, or might RIVN have another leg up its sleeve? Rivian Automotive is a leading EV manufacturer specializing in pickup trucks and SUVs. .
Equity markets moved higher on Monday to put the S&P 500 at its highest closing level in over a year. The move was driven by a lack of news more than anything else as the market takes a breath in wait for what's to come this week. On the earnings front, the market expects reports from nearly 200 S&P 500 companies, making this the busiest week of the reporting cycle. Reports from Microsoft to The Coca-Company are due out and will give more evidence of what to expect from the 2nd half of the year.
On the economic front, the market is waiting for the Fed's next move and the most recent data on inflation. The Fed meets on Tuesday and Wednesday and is expected to hike rates by another 25 basis points. The question is what they do next, and the answer may come on Friday. The PCE price index is due out on Friday and is expected to moderate. If the index is cooler than expected, it could lead the market to new highs. If not, the threat of FOMC rate hikes will linger and weigh on the market.
Since 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. Initially fueled by production and delivery figures that crushed estimates, the move has been sustained by increasing short interest, analyst upgrades, and favorable price action for the bulls. However, with shares up triple digits over the last three months, is it time to think about cashing in, or might RIVN have another leg up its sleeve? Rivian Automotive is a leading EV manufacturer specializing in pickup trucks and SUVs.
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Swiss banking giant UBS will pay nearly $400 million in fines to U.S., Swiss and U.K. banking authorities for the management failures of Credit Suisse, which UBS bought in June, related to how Credit Suisse handled its relationship with collapsed hedge fund Archegos Capital Management. Archegos failed in 2021, costing Wall Street banks billions of dollars in losses, and Credit Suisse took the brunt of the losses. The Swiss bank took more than $5 billion in losses from Archegos' failure, which over a period of two years, ultimately led to the fire sale of Credit Suisse to UBS in June. Credit Su...
Could this be the last year that Alibaba Group Holding Limited (NYSE:BABA) trades below $100 per share? China’s e-commerce leader sits more than 70% below its October 2020 peak. Albeit during the bursting dot com bubble, it is reminiscent of when Amazon.com dipped as low as $5.60 in 2001. Two decades later, it became a $3,000 stock. Alibaba’s domestic market consists of over 1.4 billion people. That’s over four times the population of the U.S. and forty times that of Canada. Access to a massive consumer base and knowledge of local tastes is no doubt a huge long-term advantage. Of course, sheer market size can’t overcome all challenges.
We found a company that's emerged as a key player in the block-chain space. Its shares moved approx. 160% in a single session after opening at $.005 on 7/3/23 and reached $.013 intraday. The global block-chain tech market is projected to reach $1.5Tn by 2030.
A popular TikTok influencer is facing jail time in Dubai after allegedly getting into an altercation with a car rental employee in the Middle Eastern country.Houston-based creator Tierra Young Allen has been detained in Dubai since May for allegedly "screaming in public" after getting into a fender bender while on vacation, according to her mother Tina Baxter.When it was time to return the car, 29-year-old Allen was reportedly told that she would only get her license and credit card back if she paid the company a large sum of money. It was not clear whether or not the car was visibly damaged.R...
Could the recent action in AMC Entertainment Holdings Inc. (NYSE:AMC) stock be a preview of last summer's blockbuster short squeeze? Nearly eight million moviegoers worldwide visited an AMC Theater over the highly anticipated "Barbenheimer" weekend. It marked the movie chain operator's busiest extended weekend since 2019 and the second-largest food and beverage sales haul ever. With trading volume as strong as theater attendance, AMC shares gapped up as much as 33% on Monday morning. While the early popularity of the "Barbie" and "Oppenheimer" films bodes well for ...
A few years ago, I was speaking to some friends and colleagues about a vision I had for a new franchise restaurant. I told them the brand had a unique concept and could quickly be on track to 1,000 worldwide locations. The responses were fairly consistent: incredulity and laughter. And these people were supposed to be my friends!The brand we talked about was The Halal Guys, a company I work with. After an extremely successful 2022, one in which the company opened its 100th location — and with 300-plus more in development — it was tempting to then ask them, "Who's laughing now?"The plan was aggressive from the jump: We'd target the 50 largest markets in North America, then go international.
On July 26, the Federal Reserve is likely to raise interest rates by 25 basis points (0.25%). As much hype as analysts put on the Federal Reserve’s decision, the announcement itself tends to be a non-event. The Fed doesn’t like to surprise Wall Street and generally doesn’t. It’s the wording of the announcement that tends to move markets. Since the Fed paused its interest rate campaign in June, stocks have rallied as investors believe that the Fed is closer to the end of its cycle than the beginning. And housing stocks have been among the biggest gainers.
The rich, indeed, are different when it comes to their customer service expectations. Your company needs to deploy a sophisticated, personalized and thoughtful approach to customer service if you want to succeed with high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) as customers or clients. Here are five factors I consider in my customer service consulting practice and in the customer service training and experiences I design and deploy for companies.Related: 8 Things I Discovered While Working With Affluent Clients in New York City1. Higher customer service expe...
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