Rivian Stock: 3 Things the EV Maker's CEO Wants Investors to Know
Rivian has a $92 billion market cap even as it had produced only 652 vehicles and delivered 386 of those at the close of its first quarter as a public company.The company, of course, isn't trading based on what it has done so far, but instead on what investors expect the brand to deliver.That's still a very high bar for the company to reach as its market cap exceeds that of both Ford -Get Ford Motor Company Report and General Motors .Chief Executive RJ Scaringe, however, seems excited about the
As traders return from the holiday-shortened week, the price action heading into the new year will be closely monitored — especially given the relatively light economic data and earnings calendar for the coming days.The S&P 500 is entering the period known for ushering in the so-called Santa Claus Rally, or seasonally strong timeframe for stocks at the end of each year.According to data from LPL Financial, the Santa Claus Rally period encapsulates the seven days most likely to be higher in any