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2022-01-04

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S&P 500, Dow hit record highs on 1st trading day of 2022

2022-01-04

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Singapore Stock Market May See Additional Support On Tuesday

2021-12-31

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Tesla, GM, and Ford Price Targets Raised by Citi. General Motors Is the Top Pick

2021-12-22

Wait till production stabilise , else high risk

Is Rivian Stock A Buy, Sell, Or Hold?

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The S&amp;P 500 and Dow Jones Industrial Average posted closing record highs on the first trading day of the year on Monday, helped by gains in Tesla Inc and bank shares.</p><p>Apple Inc became the first company to hit a $3 trillion market capitalization but ended the day slightly below that. 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he said.</p><p>All of Wall Street&#39;s main indexes ended 2021 with monthly, quarterly and annual gains, recording their biggest three-year advance since 1999.</p><p>The Dow Jones Industrial Average rose 246.76 points, or 0.68%, to 36,585.06; the S&amp;P 500 gained 30.38 points, or 0.64%, at 4,796.56; and the Nasdaq Composite added 187.83 points, or 1.2%, at 15,832.80.</p><p>Energy and financial sectors were among top gainers, with bank shares rising along with U.S. Treasury yields as investors braced for what could be an earlier-than-expected interest rate hike by the Federal Reserve this year despite the recent jump in COVID-19 cases.</p><p>Energy shares climbed with crude oil prices and upbeat prospects for demand.</p><p>Wells Fargo&#39;s shares advanced 5.7%, also helped by their upgrade to &#34;overweight&#34; by Barclays.</p><p>The benchmark S&amp;P 500 added 27% in 2021 and reported 70 record-high closes, its the second-most ever, in a tumultuous year hit by new COVID-19 variants and supply chain shortages.</p><p>The Dow added 18.7% for the year and the tech-heavy Nasdaq gained 21.4%.</p><p>Advancing issues outnumbered decliners on the NYSE by a 1.34-to-1 ratio; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500, Dow hit record highs on 1st trading day of 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-01-04 06:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Tesla charges ahead on better-than-expected deliveries</p><p>* Banks gain as Treasury yields rally</p><p>* Dow up 0.7%, S&amp;P 500 up 0.6%, Nasdaq up 1.2%</p><p>NEW YORK, Jan 3 (Reuters) - The S&amp;P 500 and Dow Jones Industrial Average posted closing record highs on the first trading day of the year on Monday, helped by gains in Tesla Inc and bank shares.</p><p>Apple Inc became the first company to hit a $3 trillion market capitalization but ended the day slightly below that. Its shares ended up 2.5% at $182.01 after rising as high as $182.88 during the session.</p><p>Tesla&#39;s shares jumped 13.5% after the electric car maker&#39;s quarterly deliveries beat analysts&#39; estimates, riding out global chip shortages as it ramped up production in China.</p><p>The two stocks gave the biggest boosts to the S&amp;P 500, but market watchers said easing investor worries about the economic impact of the Omicron variant of the coronavirus also helped market sentiment, even with rising COVID-19 case numbers.</p><p>&#34;The real news is people feel like this latest round of COVID is not going to be economically debilitating in that a lot of restrictions and lockdowns are going to be required,&#34; said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco.</p><p>Among the latest developments, the U.S. Food and Drug Administration authorized a third dose of Pfizer Inc and BioNTech&#39;s COVID-19 vaccine for children aged 12 to 15.</p><p>Thousands of U.S. schools have delayed this week&#39;s scheduled return to classrooms following the holiday break or switched to remote learning as the Omicron variant drives record levels of COVID-19.</p><p>Massocca said market strength is not surprising as a new year starts, given the January effect, or belief by some investors that stocks will rise that month more than in other months.</p><p>&#34;It bodes well to see the market so resilient,&#34; he said.</p><p>All of Wall Street&#39;s main indexes ended 2021 with monthly, quarterly and annual gains, recording their biggest three-year advance since 1999.</p><p>The Dow Jones Industrial Average rose 246.76 points, or 0.68%, to 36,585.06; the S&amp;P 500 gained 30.38 points, or 0.64%, at 4,796.56; and the Nasdaq Composite added 187.83 points, or 1.2%, at 15,832.80.</p><p>Energy and financial sectors were among top gainers, with bank shares rising along with U.S. Treasury yields as investors braced for what could be an earlier-than-expected interest rate hike by the Federal Reserve this year despite the recent jump in COVID-19 cases.</p><p>Energy shares climbed with crude oil prices and upbeat prospects for demand.</p><p>Wells Fargo&#39;s shares advanced 5.7%, also helped by their upgrade to &#34;overweight&#34; by Barclays.</p><p>The benchmark S&amp;P 500 added 27% in 2021 and reported 70 record-high closes, its the second-most ever, in a tumultuous year hit by new COVID-19 variants and supply chain shortages.</p><p>The Dow added 18.7% for the year and the tech-heavy Nasdaq gained 21.4%.</p><p>Advancing issues outnumbered decliners on the NYSE by a 1.34-to-1 ratio; on Nasdaq, a 2.27-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 89 new highs and 55 new lows.</p><p>Volume on U.S. exchanges was 10.00 billion shares, compared with the 10.36 billion average for the full session over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞","AAPL":"苹果"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2200886475","content_text":"* Tesla charges ahead on better-than-expected deliveries* Banks gain as Treasury yields rally* Dow up 0.7%, S&P 500 up 0.6%, Nasdaq up 1.2%NEW YORK, Jan 3 (Reuters) - The S&P 500 and Dow Jones Industrial Average posted closing record highs on the first trading day of the year on Monday, helped by gains in Tesla Inc and bank shares.Apple Inc became the first company to hit a $3 trillion market capitalization but ended the day slightly below that. Its shares ended up 2.5% at $182.01 after rising as high as $182.88 during the session.Tesla's shares jumped 13.5% after the electric car maker's quarterly deliveries beat analysts' estimates, riding out global chip shortages as it ramped up production in China.The two stocks gave the biggest boosts to the S&P 500, but market watchers said easing investor worries about the economic impact of the Omicron variant of the coronavirus also helped market sentiment, even with rising COVID-19 case numbers.\"The real news is people feel like this latest round of COVID is not going to be economically debilitating in that a lot of restrictions and lockdowns are going to be required,\" said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco.Among the latest developments, the U.S. Food and Drug Administration authorized a third dose of Pfizer Inc and BioNTech's COVID-19 vaccine for children aged 12 to 15.Thousands of U.S. schools have delayed this week's scheduled return to classrooms following the holiday break or switched to remote learning as the Omicron variant drives record levels of COVID-19.Massocca said market strength is not surprising as a new year starts, given the January effect, or belief by some investors that stocks will rise that month more than in other months.\"It bodes well to see the market so resilient,\" he said.All of Wall Street's main indexes ended 2021 with monthly, quarterly and annual gains, recording their biggest three-year advance since 1999.The Dow Jones Industrial Average rose 246.76 points, or 0.68%, to 36,585.06; the S&P 500 gained 30.38 points, or 0.64%, at 4,796.56; and the Nasdaq Composite added 187.83 points, or 1.2%, at 15,832.80.Energy and financial sectors were among top gainers, with bank shares rising along with U.S. Treasury yields as investors braced for what could be an earlier-than-expected interest rate hike by the Federal Reserve this year despite the recent jump in COVID-19 cases.Energy shares climbed with crude oil prices and upbeat prospects for demand.Wells Fargo's shares advanced 5.7%, also helped by their upgrade to \"overweight\" by Barclays.The benchmark S&P 500 added 27% in 2021 and reported 70 record-high closes, its the second-most ever, in a tumultuous year hit by new COVID-19 variants and supply chain shortages.The Dow added 18.7% for the year and the tech-heavy Nasdaq gained 21.4%.Advancing issues outnumbered decliners on the NYSE by a 1.34-to-1 ratio; on Nasdaq, a 2.27-to-1 ratio favored advancers.The S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 89 new highs and 55 new lows.Volume on U.S. exchanges was 10.00 billion shares, compared with the 10.36 billion average for the full session over the last 20 trading 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till production stabilise , else high risk","listText":"Wait till production stabilise , else high risk","text":"Wait till production stabilise , else high risk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000661367","repostId":"1123940793","repostType":4,"isVote":1,"tweetType":1,"viewCount":903,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9001519893,"gmtCreate":1641271061405,"gmtModify":1676533591578,"author":{"id":"3586988638001938","authorId":"3586988638001938","name":"gim601","avatar":"https://static.tigerbbs.com/5f3dd91fafcbbbc6f91681910955674c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586988638001938","authorIdStr":"3586988638001938"},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9001519893","repostId":"2200886475","repostType":4,"repost":{"id":"2200886475","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1641250187,"share":"https://ttm.financial/m/news/2200886475?lang=&edition=fundamental","pubTime":"2022-01-04 06:49","market":"us","language":"en","title":"S&P 500, Dow hit record highs on 1st trading day of 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=2200886475","media":"Reuters","summary":"* Tesla charges ahead on better-than-expected deliveries* Banks gain as Treasury yields rally* Dow u","content":"<html><head></head><body><p>* Tesla charges ahead on better-than-expected deliveries</p><p>* Banks gain as Treasury yields rally</p><p>* Dow up 0.7%, S&amp;P 500 up 0.6%, Nasdaq up 1.2%</p><p>NEW YORK, Jan 3 (Reuters) - The S&amp;P 500 and Dow Jones Industrial Average posted closing record highs on the first trading day of the year on Monday, helped by gains in Tesla Inc and bank shares.</p><p>Apple Inc became the first company to hit a $3 trillion market capitalization but ended the day slightly below that. Its shares ended up 2.5% at $182.01 after rising as high as $182.88 during the session.</p><p>Tesla&#39;s shares jumped 13.5% after the electric car maker&#39;s quarterly deliveries beat analysts&#39; estimates, riding out global chip shortages as it ramped up production in China.</p><p>The two stocks gave the biggest boosts to the S&amp;P 500, but market watchers said easing investor worries about the economic impact of the Omicron variant of the coronavirus also helped market sentiment, even with rising COVID-19 case numbers.</p><p>&#34;The real news is people feel like this latest round of COVID is not going to be economically debilitating in that a lot of restrictions and lockdowns are going to be required,&#34; said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco.</p><p>Among the latest developments, the U.S. Food and Drug Administration authorized a third dose of Pfizer Inc and BioNTech&#39;s COVID-19 vaccine for children aged 12 to 15.</p><p>Thousands of U.S. schools have delayed this week&#39;s scheduled return to classrooms following the holiday break or switched to remote learning as the Omicron variant drives record levels of COVID-19.</p><p>Massocca said market strength is not surprising as a new year starts, given the January effect, or belief by some investors that stocks will rise that month more than in other months.</p><p>&#34;It bodes well to see the market so resilient,&#34; he said.</p><p>All of Wall Street&#39;s main indexes ended 2021 with monthly, quarterly and annual gains, recording their biggest three-year advance since 1999.</p><p>The Dow Jones Industrial Average rose 246.76 points, or 0.68%, to 36,585.06; the S&amp;P 500 gained 30.38 points, or 0.64%, at 4,796.56; and the Nasdaq Composite added 187.83 points, or 1.2%, at 15,832.80.</p><p>Energy and financial sectors were among top gainers, with bank shares rising along with U.S. Treasury yields as investors braced for what could be an earlier-than-expected interest rate hike by the Federal Reserve this year despite the recent jump in COVID-19 cases.</p><p>Energy shares climbed with crude oil prices and upbeat prospects for demand.</p><p>Wells Fargo&#39;s shares advanced 5.7%, also helped by their upgrade to &#34;overweight&#34; by Barclays.</p><p>The benchmark S&amp;P 500 added 27% in 2021 and reported 70 record-high closes, its the second-most ever, in a tumultuous year hit by new COVID-19 variants and supply chain shortages.</p><p>The Dow added 18.7% for the year and the tech-heavy Nasdaq gained 21.4%.</p><p>Advancing issues outnumbered decliners on the NYSE by a 1.34-to-1 ratio; on Nasdaq, a 2.27-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 89 new highs and 55 new lows.</p><p>Volume on U.S. exchanges was 10.00 billion shares, compared with the 10.36 billion average for the full session over the last 20 trading days.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500, Dow hit record highs on 1st trading day of 2022</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500, Dow hit record highs on 1st trading day of 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-01-04 06:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Tesla charges ahead on better-than-expected deliveries</p><p>* Banks gain as Treasury yields rally</p><p>* Dow up 0.7%, S&amp;P 500 up 0.6%, Nasdaq up 1.2%</p><p>NEW YORK, Jan 3 (Reuters) - The S&amp;P 500 and Dow Jones Industrial Average posted closing record highs on the first trading day of the year on Monday, helped by gains in Tesla Inc and bank shares.</p><p>Apple Inc became the first company to hit a $3 trillion market capitalization but ended the day slightly below that. Its shares ended up 2.5% at $182.01 after rising as high as $182.88 during the session.</p><p>Tesla&#39;s shares jumped 13.5% after the electric car maker&#39;s quarterly deliveries beat analysts&#39; estimates, riding out global chip shortages as it ramped up production in China.</p><p>The two stocks gave the biggest boosts to the S&amp;P 500, but market watchers said easing investor worries about the economic impact of the Omicron variant of the coronavirus also helped market sentiment, even with rising COVID-19 case numbers.</p><p>&#34;The real news is people feel like this latest round of COVID is not going to be economically debilitating in that a lot of restrictions and lockdowns are going to be required,&#34; said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco.</p><p>Among the latest developments, the U.S. Food and Drug Administration authorized a third dose of Pfizer Inc and BioNTech&#39;s COVID-19 vaccine for children aged 12 to 15.</p><p>Thousands of U.S. schools have delayed this week&#39;s scheduled return to classrooms following the holiday break or switched to remote learning as the Omicron variant drives record levels of COVID-19.</p><p>Massocca said market strength is not surprising as a new year starts, given the January effect, or belief by some investors that stocks will rise that month more than in other months.</p><p>&#34;It bodes well to see the market so resilient,&#34; he said.</p><p>All of Wall Street&#39;s main indexes ended 2021 with monthly, quarterly and annual gains, recording their biggest three-year advance since 1999.</p><p>The Dow Jones Industrial Average rose 246.76 points, or 0.68%, to 36,585.06; the S&amp;P 500 gained 30.38 points, or 0.64%, at 4,796.56; and the Nasdaq Composite added 187.83 points, or 1.2%, at 15,832.80.</p><p>Energy and financial sectors were among top gainers, with bank shares rising along with U.S. Treasury yields as investors braced for what could be an earlier-than-expected interest rate hike by the Federal Reserve this year despite the recent jump in COVID-19 cases.</p><p>Energy shares climbed with crude oil prices and upbeat prospects for demand.</p><p>Wells Fargo&#39;s shares advanced 5.7%, also helped by their upgrade to &#34;overweight&#34; by Barclays.</p><p>The benchmark S&amp;P 500 added 27% in 2021 and reported 70 record-high closes, its the second-most ever, in a tumultuous year hit by new COVID-19 variants and supply chain shortages.</p><p>The Dow added 18.7% for the year and the tech-heavy Nasdaq gained 21.4%.</p><p>Advancing issues outnumbered decliners on the NYSE by a 1.34-to-1 ratio; on Nasdaq, a 2.27-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 89 new highs and 55 new lows.</p><p>Volume on U.S. exchanges was 10.00 billion shares, compared with the 10.36 billion average for the full session over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞","AAPL":"苹果"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2200886475","content_text":"* Tesla charges ahead on better-than-expected deliveries* Banks gain as Treasury yields rally* Dow up 0.7%, S&P 500 up 0.6%, Nasdaq up 1.2%NEW YORK, Jan 3 (Reuters) - The S&P 500 and Dow Jones Industrial Average posted closing record highs on the first trading day of the year on Monday, helped by gains in Tesla Inc and bank shares.Apple Inc became the first company to hit a $3 trillion market capitalization but ended the day slightly below that. Its shares ended up 2.5% at $182.01 after rising as high as $182.88 during the session.Tesla's shares jumped 13.5% after the electric car maker's quarterly deliveries beat analysts' estimates, riding out global chip shortages as it ramped up production in China.The two stocks gave the biggest boosts to the S&P 500, but market watchers said easing investor worries about the economic impact of the Omicron variant of the coronavirus also helped market sentiment, even with rising COVID-19 case numbers.\"The real news is people feel like this latest round of COVID is not going to be economically debilitating in that a lot of restrictions and lockdowns are going to be required,\" said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco.Among the latest developments, the U.S. Food and Drug Administration authorized a third dose of Pfizer Inc and BioNTech's COVID-19 vaccine for children aged 12 to 15.Thousands of U.S. schools have delayed this week's scheduled return to classrooms following the holiday break or switched to remote learning as the Omicron variant drives record levels of COVID-19.Massocca said market strength is not surprising as a new year starts, given the January effect, or belief by some investors that stocks will rise that month more than in other months.\"It bodes well to see the market so resilient,\" he said.All of Wall Street's main indexes ended 2021 with monthly, quarterly and annual gains, recording their biggest three-year advance since 1999.The Dow Jones Industrial Average rose 246.76 points, or 0.68%, to 36,585.06; the S&P 500 gained 30.38 points, or 0.64%, at 4,796.56; and the Nasdaq Composite added 187.83 points, or 1.2%, at 15,832.80.Energy and financial sectors were among top gainers, with bank shares rising along with U.S. Treasury yields as investors braced for what could be an earlier-than-expected interest rate hike by the Federal Reserve this year despite the recent jump in COVID-19 cases.Energy shares climbed with crude oil prices and upbeat prospects for demand.Wells Fargo's shares advanced 5.7%, also helped by their upgrade to \"overweight\" by Barclays.The benchmark S&P 500 added 27% in 2021 and reported 70 record-high closes, its the second-most ever, in a tumultuous year hit by new COVID-19 variants and supply chain shortages.The Dow added 18.7% for the year and the tech-heavy Nasdaq gained 21.4%.Advancing issues outnumbered decliners on the NYSE by a 1.34-to-1 ratio; on Nasdaq, a 2.27-to-1 ratio favored advancers.The S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 89 new highs and 55 new lows.Volume on U.S. exchanges was 10.00 billion shares, compared with the 10.36 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":594,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9001519158,"gmtCreate":1641271049513,"gmtModify":1676533591577,"author":{"id":"3586988638001938","authorId":"3586988638001938","name":"gim601","avatar":"https://static.tigerbbs.com/5f3dd91fafcbbbc6f91681910955674c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586988638001938","authorIdStr":"3586988638001938"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9001519158","repostId":"1116497464","repostType":4,"repost":{"id":"1116497464","pubTimestamp":1641254544,"share":"https://ttm.financial/m/news/1116497464?lang=&edition=fundamental","pubTime":"2022-01-04 08:02","market":"sg","language":"en","title":"Singapore Stock Market May See Additional Support On Tuesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1116497464","media":"RTTNews","summary":"The Singapore stock market on Monday snapped the two-day slide in which it had slipped almost 15 poi","content":"<html><head></head><body><p>The Singapore stock market on Monday snapped the two-day slide in which it had slipped almost 15 points or 0.5 percent. The Straits Times Index now sits just beneath the 3,135-point plateau and it&#39;s expected to extend its gains om Tuesday.</p><p>The global forecast for the Asian markets is cautiously optimistic, supported by oil and technology shares - while concerns over the surging Omicron variant of the coronavirus is likely to cap the upside. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference.</p><p>The STI finished modestly higher on Monday following gains from the financial shares and industrial issues.</p><p>For the day, the index gained 10.57 points or 0.34 percent to finish at 3,134.25 after trading between 3,127.60 and 3,138.27. Volume was 1.17 billion shares worth 676.3 million Singapore dollars. There were 240 gainers and 219 decliners.</p><p>Among the actives, Ascendas REIT was up 0.34 percent, while CapitaLand Integrated Commercial Trust gained 0.49 percent, City Developments spiked 1.03 percent, Comfort DelGro sank 0.71 percent, Dairy Farm International surged 2.45 percent, DBS Group and Singapore Airlines both improved 0.40 percent, Genting Singapore added 0.65 percent, Keppel Corp jumped 0.98 percent, Mapletree Commercial Trust plummeted 4.00 percent, Mapletree Logistics Trust retreated 1.05 percent, SembCorp Industries rose 0.50 percent, Singapore Exchange climbed 0.86 percent, SingTel increased 0.43 percent, United Overseas Bank collected 0.11 percent, Wilmar International gathered 0.72 percent, Yangzijiang Shipbuilding advanced 0.75 percent and Singapore Technologies Engineering, Thai Beverage, Oversea-Chinese Banking Corporation, SATS and Singapore Press Holdings were unchanged.</p><p>The lead from Wall Street is upbeat as the major averages opened higher on Monday and generally picked up steam as the session progressed.</p><p>The Dow spiked 246.76 points or 0.68 percent to finish at 36,585.06, while the NASDAQ jumped 187.83 points or 1.20 percent to close at 15,832.80 and the S&amp;P 500 gained 30.38 points or 0.64 percent to end at 4,796.56.</p><p>The rally on Wall Street came as optimism about growth outweighed concerns about the Omicron variant in several countries, including the U.S.</p><p>But activity was somewhat subdued with investors looking ahead to the minutes of the Federal Reserve&#39;s December monetary policy meeting later this week.</p><p>In economic news, the Commerce Department said U.S. construction spending increased 0.4 percent in November amid strong gains in single-family homebuilding, although outlays on public projects were weak.</p><p>Crude oil prices climbed higher on Monday on reports that Libya, one of OPEC&#39;s more important oil drillers, will likely lose about 200,000 barrels daily in output over the next week because of a damaged pipeline. West Texas Intermediate Crude oil futures for February ended up by $0.87 or 1.2 percent at $76.08 a barrel.</p></body></html>","source":"lsy1626938412129","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Stock Market May See Additional Support On Tuesday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Stock Market May See Additional Support On Tuesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-04 08:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.rttnews.com/3252440/singapore-stock-market-may-see-additional-support-on-tuesday.aspx?type=acom><strong>RTTNews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Singapore stock market on Monday snapped the two-day slide in which it had slipped almost 15 points or 0.5 percent. The Straits Times Index now sits just beneath the 3,135-point plateau and it's ...</p>\n\n<a href=\"https://www.rttnews.com/3252440/singapore-stock-market-may-see-additional-support-on-tuesday.aspx?type=acom\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.rttnews.com/3252440/singapore-stock-market-may-see-additional-support-on-tuesday.aspx?type=acom","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116497464","content_text":"The Singapore stock market on Monday snapped the two-day slide in which it had slipped almost 15 points or 0.5 percent. The Straits Times Index now sits just beneath the 3,135-point plateau and it's expected to extend its gains om Tuesday.The global forecast for the Asian markets is cautiously optimistic, supported by oil and technology shares - while concerns over the surging Omicron variant of the coronavirus is likely to cap the upside. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference.The STI finished modestly higher on Monday following gains from the financial shares and industrial issues.For the day, the index gained 10.57 points or 0.34 percent to finish at 3,134.25 after trading between 3,127.60 and 3,138.27. Volume was 1.17 billion shares worth 676.3 million Singapore dollars. There were 240 gainers and 219 decliners.Among the actives, Ascendas REIT was up 0.34 percent, while CapitaLand Integrated Commercial Trust gained 0.49 percent, City Developments spiked 1.03 percent, Comfort DelGro sank 0.71 percent, Dairy Farm International surged 2.45 percent, DBS Group and Singapore Airlines both improved 0.40 percent, Genting Singapore added 0.65 percent, Keppel Corp jumped 0.98 percent, Mapletree Commercial Trust plummeted 4.00 percent, Mapletree Logistics Trust retreated 1.05 percent, SembCorp Industries rose 0.50 percent, Singapore Exchange climbed 0.86 percent, SingTel increased 0.43 percent, United Overseas Bank collected 0.11 percent, Wilmar International gathered 0.72 percent, Yangzijiang Shipbuilding advanced 0.75 percent and Singapore Technologies Engineering, Thai Beverage, Oversea-Chinese Banking Corporation, SATS and Singapore Press Holdings were unchanged.The lead from Wall Street is upbeat as the major averages opened higher on Monday and generally picked up steam as the session progressed.The Dow spiked 246.76 points or 0.68 percent to finish at 36,585.06, while the NASDAQ jumped 187.83 points or 1.20 percent to close at 15,832.80 and the S&P 500 gained 30.38 points or 0.64 percent to end at 4,796.56.The rally on Wall Street came as optimism about growth outweighed concerns about the Omicron variant in several countries, including the U.S.But activity was somewhat subdued with investors looking ahead to the minutes of the Federal Reserve's December monetary policy meeting later this week.In economic news, the Commerce Department said U.S. construction spending increased 0.4 percent in November amid strong gains in single-family homebuilding, although outlays on public projects were weak.Crude oil prices climbed higher on Monday on reports that Libya, one of OPEC's more important oil drillers, will likely lose about 200,000 barrels daily in output over the next week because of a damaged pipeline. West Texas Intermediate Crude oil futures for February ended up by $0.87 or 1.2 percent at $76.08 a barrel.","news_type":1},"isVote":1,"tweetType":1,"viewCount":635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003891184,"gmtCreate":1640919454970,"gmtModify":1676533555223,"author":{"id":"3586988638001938","authorId":"3586988638001938","name":"gim601","avatar":"https://static.tigerbbs.com/5f3dd91fafcbbbc6f91681910955674c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586988638001938","authorIdStr":"3586988638001938"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003891184","repostId":"1108361091","repostType":2,"repost":{"id":"1108361091","pubTimestamp":1640918699,"share":"https://ttm.financial/m/news/1108361091?lang=&edition=fundamental","pubTime":"2021-12-31 10:44","market":"us","language":"en","title":"Tesla, GM, and Ford Price Targets Raised by Citi. General Motors Is the Top Pick","url":"https://stock-news.laohu8.com/highlight/detail?id=1108361091","media":"Barrons","summary":"Trends in the auto industry all point toward a strong fourth quarter, Citigroup said, prompting anal","content":"<html><head></head><body><p>Trends in the auto industry all point toward a strong fourth quarter, Citigroup said, prompting analyst Itay Michaeli to raise his price targets on shares of Tesla,Ford Motor,and General Motors.</p><p>“We are raising our 2021-23 EPS estimates to reflect strong Q4 trends, particularly in the U.S.,” Michaeli wrote in a research note.</p><p>Michaeli’s new price target for Tesla (ticker: TSLA) is $262, up from $236. The analyst cited improving supply-and-demand dynamics, where despite near-term margin headwinds the electric vehicle supply will remain strong enough to drive year-over-year margin expansion.</p><p>Michaeli is one of eight analysts surveyed by FactSet who rate the stock a Sell, with a price target significantly below Wall Street’s mean consensus of $861.41. The analyst’s Sell rating reflects Citi’s view of the high risk associated with the current valuation, he said.</p><p>“If we look at the time when a handful of other companies neared Tesla’s current market cap, they did so generating ~8x more gross profit (on average) than Tesla’s current 2021 consensus and ~3x more than Tesla’s 2025 consensus,” Michaeli added.</p><p>Tesla stock was up 0.4% to $1,090.37 on Thursday. It had traded lower on news that the EV maker recalled hundreds of thousands of Model 3 and Model S cars.</p><p>Michaeli was more bullish on General Motors (GM), maintaining a Buy rating and raising his price target to $96 from $90. He sees GM benefiting from new launches of its ICE trucks and electric vehicles, and a positive supply-and-demand cycle.</p><p>“GM remains our top pick,” Michaeli wrote, even though the shares have underperformed since the departure of the CEO of the company’s autonomous vehicle branch, Cruise.</p><p>General Motors also was chosen as one of <i>Barron’s</i> top stock picks for 2022.</p><p>Michaeli also increased Ford’s (F) price target to $23, up from $20, to reflect the industry’s strong fourth-quarter trends and U.S. demand. Ford’s continued execution, including on electric vehicles, will continue to bring the company upsides, he added. The analyst reiterated a Neutral rating on the stock.</p><p>“We continue to see greater relative upside at GM, but we maintain a constructive stance on Ford, as the long-term risk/reward proposition continues to improve,” Michaeli said.</p><p>GM stock was up 2.3% to $58.53, while Ford gained 0.6% to $20.69 on Thursday.</p></body></html>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla, GM, and Ford Price Targets Raised by Citi. General Motors Is the Top Pick</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla, GM, and Ford Price Targets Raised by Citi. General Motors Is the Top Pick\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-31 10:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-tsla-ford-general-motors-gm-citi-stock-price-targets-51640880691?siteid=yhoof2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Trends in the auto industry all point toward a strong fourth quarter, Citigroup said, prompting analyst Itay Michaeli to raise his price targets on shares of Tesla,Ford Motor,and General Motors.“We ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-tsla-ford-general-motors-gm-citi-stock-price-targets-51640880691?siteid=yhoof2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车","F":"福特汽车","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-tsla-ford-general-motors-gm-citi-stock-price-targets-51640880691?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108361091","content_text":"Trends in the auto industry all point toward a strong fourth quarter, Citigroup said, prompting analyst Itay Michaeli to raise his price targets on shares of Tesla,Ford Motor,and General Motors.“We are raising our 2021-23 EPS estimates to reflect strong Q4 trends, particularly in the U.S.,” Michaeli wrote in a research note.Michaeli’s new price target for Tesla (ticker: TSLA) is $262, up from $236. The analyst cited improving supply-and-demand dynamics, where despite near-term margin headwinds the electric vehicle supply will remain strong enough to drive year-over-year margin expansion.Michaeli is one of eight analysts surveyed by FactSet who rate the stock a Sell, with a price target significantly below Wall Street’s mean consensus of $861.41. The analyst’s Sell rating reflects Citi’s view of the high risk associated with the current valuation, he said.“If we look at the time when a handful of other companies neared Tesla’s current market cap, they did so generating ~8x more gross profit (on average) than Tesla’s current 2021 consensus and ~3x more than Tesla’s 2025 consensus,” Michaeli added.Tesla stock was up 0.4% to $1,090.37 on Thursday. It had traded lower on news that the EV maker recalled hundreds of thousands of Model 3 and Model S cars.Michaeli was more bullish on General Motors (GM), maintaining a Buy rating and raising his price target to $96 from $90. He sees GM benefiting from new launches of its ICE trucks and electric vehicles, and a positive supply-and-demand cycle.“GM remains our top pick,” Michaeli wrote, even though the shares have underperformed since the departure of the CEO of the company’s autonomous vehicle branch, Cruise.General Motors also was chosen as one of Barron’s top stock picks for 2022.Michaeli also increased Ford’s (F) price target to $23, up from $20, to reflect the industry’s strong fourth-quarter trends and U.S. demand. Ford’s continued execution, including on electric vehicles, will continue to bring the company upsides, he added. The analyst reiterated a Neutral rating on the stock.“We continue to see greater relative upside at GM, but we maintain a constructive stance on Ford, as the long-term risk/reward proposition continues to improve,” Michaeli said.GM stock was up 2.3% to $58.53, while Ford gained 0.6% to $20.69 on Thursday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9000661367,"gmtCreate":1640156643327,"gmtModify":1676533504141,"author":{"id":"3586988638001938","authorId":"3586988638001938","name":"gim601","avatar":"https://static.tigerbbs.com/5f3dd91fafcbbbc6f91681910955674c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586988638001938","authorIdStr":"3586988638001938"},"themes":[],"htmlText":"Wait till production stabilise , else high risk","listText":"Wait till production stabilise , else high risk","text":"Wait till production stabilise , else high risk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000661367","repostId":"1123940793","repostType":4,"repost":{"id":"1123940793","pubTimestamp":1640153635,"share":"https://ttm.financial/m/news/1123940793?lang=&edition=fundamental","pubTime":"2021-12-22 14:13","market":"us","language":"en","title":"Is Rivian Stock A Buy, Sell, Or Hold?","url":"https://stock-news.laohu8.com/highlight/detail?id=1123940793","media":"Seeking Alpha","summary":"Summary\n\nRivian stock has dropped more than 25% since our last Neutral call.\nThe company reported a ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Rivian stock has dropped more than 25% since our last Neutral call.</li>\n <li>The company reported a slight production target miss in its FQ3 earnings call. However, we don't think investors should be overly worried.</li>\n <li>We discuss why we think RIVN stock is a Buy now.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/69bdd77748b1c27c695aff2846bb30c6\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Michael M. Santiago/Getty Images News</span></p>\n<p><b>Investment Thesis</b></p>\n<p>Rivian Automotive, Inc. (RIVN) recently released its first earnings reports for FQ3'21 as a public company. Notably, the company missed its 1,200 vehicle production target by \"a few hundred vehicles.\" However, we weren't surprised, given the current supply chain bottlenecks and the challenges in ramping production. Moreover, we don't think investors should be unduly concerned about its short-term production goal. Management was clear as it emphasized that its long-term production targets remain unaffected.</p>\n<p>Nevertheless, we believe that ramping production successfully will continue to be a key hurdle facing CEO RJ Scaringe &amp; Co. Investors sent the stock tumbling after its earnings report, which we believe the market took the opportunity to pare down risk. After all, RIVN stock had traded at an incredible market cap of $112.8B&nbsp;when we wrote our previous article. Following the recent sell-off, Rivian's market cap has dropped to $88B. Therefore, we believe it's an appropriate time to revisit our thesis on RIVN stock post-FQ3 earnings.</p>\n<p>We also discuss why we think the stock seems fairly valued now.</p>\n<p><b>Rivian Market Cap Trend</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a528b02874c529215e0428c40adc5ad1\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"><span>RIVN market cap analysis (as of 17 December'21).</span></p>\n<p>Readers can quickly glean that Rivian's market cap has dropped dramatically back to where it started life as a public company. It last registered a market cap of $88B, while it began trading with a market cap of $83.6B in early November.</p>\n<p>Nevertheless, Rivian's market cap still exceeded Ford (F) and General Motors (GM) market cap even as it just started making deliveries in September. Some investors find it incredulous that a company that hasn't even ramped production could be worth more than both the US auto leaders.</p>\n<p><b>Why We Think Rivian Investors Remain Optimistic Post-FQ3</b></p>\n<p>Rivian's report card wasn't a disaster, even if the company missed its production guidance for 2021. CEO RJ Scaringe offered assurances as he emphasized (edited):</p>\n<blockquote>\n For 2021, \n <i>we expect to produce a few hundred vehicles short of our initial 1,200 vehicle production target</i>. We do not believe any of our supply chain challenges represent long-term systemic issues. We remain well-positioned to capture and drive the accelerated large-scale adoption of sustainable transportation. However, a small number of suppliers or small number of components may be ramping a little slower, creating constraints or bottlenecks. Those challenges have been really a focal point for us over the last two and a half, three months. \n <i>But, these issues are short-term in nature and they are solvable problems</i>. So, we don't see any long-term systemic challenges associated with ramping the supply chain. (Rivian's FQ3'21 earnings call)\n</blockquote>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/36ec61d947f0a1da5f4d5883a8941a7d\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>Rivian planned production capacity and delivery consensus estimates. Data source: S&amp;P Capital IQ, Barron's</span></p>\n<p>Rivian telegraphed that it would be commencing its new Georgia production facility in mid'22 and ready to begin production from 2024. Georgia's planned annual run rate is estimated at 400K. Therefore, it would afford Rivian a collective annual production capacity of 600K if we include its Illinois facility. Nevertheless, the company did not specify how long it would take to ramp production to its planned capacity. However, consensus estimates point to a relatively positive ramp through FY25. As a result, Rivian is estimated to deliver about 40K of vehicles in FY22. However, it would reach the 360K milestone by FY25, registering an estimated delivery CAGR of 108%. Its 360K estimate includes the 100K EDV orders from its exclusive last-mile delivery partner and cornerstone investor Amazon (AMZN).</p>\n<p>There's little doubt that the delivery cadence estimates look very aggressive. But, if done well, it's also not impossible. Keen investors should recall that Tesla (TSLA) took just two years to ramp Giga Shanghai from zero to its current 600K annual run rate. It has even recently made new investments to enhance its production capacity further. Rivian also seems highly confident that they can ramp successfully, as CEO RJ Scaringe emphasized (edited):</p>\n<blockquote>\n We've architected the product development to be capable of running more than one program and launching more than one program at once, but also to have those fast feedback loops between the different programs. So with that, the commercial van has actually learned a lot from the R1 platform and the R1 platform launch. What you see in terms of the facility in Georgia, is key for us from an expansion point of view. We're quite confident in the path ahead. All three of our vehicles have been certified for sale and they're being produced on two different production lines. \n <i>The organization was architected to facilitate running and operating multiple programs at the same time</i>. And so as we now look at what the ramp will look like for both R1T and R1S into next year, it really positions us to rapidly grow through the course of 2022. (Rivian's FQ3'21 earnings call)\n</blockquote>\n<p>While it's still early, Rivian investors are undoubtedly confident that the company can deliver on its production cadence to meet its delivery milestones. The company is not facing a demand issue compared to short-term supply constraints. They updated that R1 orders have climbed to 71K from 55K in the previous update. Nevertheless, these are cancelable orders, as their delivery timeline has been stretched to 2023 if a new order is placed now. Given that auto leaders General Motors, Ford, and Tesla will also be expected to compete with their pickup trucks soon, Rivian must maintain its production cadence. Therefore, we encourage investors to monitor their production milestones very carefully moving ahead.</p>\n<p><b>Investors Must Carefully Monitor Amazon's EDV Range</b></p>\n<p>The partnership with Amazon is critical to jumpstarting Rivian's ambitions into the commercial fleet segment. Not only does it offer the opportunity of massive fleet sales, but it also sells its fleet management subscriptions as part of its commercial sales. Consequently, it introduces a recurring software revenue stream component on top of its hardware revenue. It also applies to the Amazon fleet, as Rivian accentuated: \"That software subscription goes live basically now on the commercial side.\"</p>\n<p>Rivian is expected to deliver 10K EDV by 2022 following \"months of testing&nbsp;in 15 cities.\" Investors should remember that Amazon retains the right to change its number of orders. Therefore it's critical that Rivian can meet Amazon's expectations. We believe it has also driven Rivian to ramp production quickly. Given how quickly they secured their second production facility, we believe that the company seems confident in meeting its production targets, and consequently, Amazon's orders.</p>\n<p>Rivian emphasized that its EDV is capable of 201 miles range, and it is on track to deliver its vehicles to Amazon. However, a previous report by The Information highlighted some challenges in Amazon's testing, on top of its battery draining problem. The Information reported (edited):</p>\n<blockquote>\n Rivian said the Amazon vans would have a range of between 120 miles and 150 miles depending on their size. But one driver involved in testing the vans said the range could be much less, depending on the weather. The driver who spoke to The Information said the battery drained about 40% faster than normal if the van’s heating or cooling was on. As a result, drivers have been testing the vans on what they dubbed “nursery routes,” where vans didn’t venture too far away from the contractors’ headquarters. (The Information)\n</blockquote>\n<p>Nevertheless, Amazon's director of Global Fleets and Products, Ross Rachey, noted that once the vans are in production, \"they would have a range of 150 miles, which is double the range of the majority of Amazon's routes.\" Notably, the company also quickly emphasized that these test vans are not fully developed yet.</p>\n<p>We believe a successful launch program with Amazon could open up many potential opportunities outside of the Last Mile segment. Investors should note that Amazon's exclusive partnership with Rivian is limited to Last Mile. But, the commercial space is much larger than the Last Mile segment. Rivian also raved about its market opportunities in the larger commercial space, as Scaringe added (edited):</p>\n<blockquote>\n <i>Amazon represents such a large pool of demand for us.</i>So it's really critical that we do not starve them of vehicles. Nevertheless, the RCV platform was architected and designed \n <i>fully contemplating vehicles beyond Last Mile, such as in the cargo space</i>, or in the workspace. So there's a whole host of opportunities that exists both in large volumes, but also across a very long spread-out tail of commercial applications. Thus, we also have an eye on launching non-EDV versions on the RCV platform to capitalize on these opportunities. (Rivian's FQ3'21 earnings call)\n</blockquote>\n<p><b>So, is RIVN Stock a Buy/Hold/Sell Now?</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/264dc3dc91fc844d920e73a7f69cf920\" tg-width=\"640\" tg-height=\"395\" referrerpolicy=\"no-referrer\"><span>Rivian revenue and adjusted EBIT margins mean consensus estimates. Data source: S&amp;P Capital IQ</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1069e7fc16920da396615f6df6ff5951\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>RIVN and TSLA stock EV/Fwd Revenue valuation comps. Data source: S&amp;P Capital IQ</span></p>\n<p>Consensus estimates point to a largely successful ramp, as we explained earlier. As a result, Rivian's revenue is estimated to reach $27.84B by FY25. However, the company is not expected to be profitable based on adjusted EBIT margins by then. Therefore, investors are encouraged to monitor its production ramp and profitability dynamics moving forward carefully.</p>\n<p>Nevertheless, its valuations have dropped significantly since its earlier momentum spike. The stock has declined more than 25% since our Neutral call, as we encouraged investors to wait for the dip.</p>\n<p>If we consider Rivian's valuations against Tesla moving forward, it may seem more reasonable than the EV leader. However, investors should note that Tesla is already a solidly profitable EV maker. It also has proven its production ramp capabilities exceptionally well. Moreover, its brand value has also increased tremendously globally. Therefore, comparing their revenue multiples directly without adjusting for Tesla's advantages would not make sense.</p>\n<p>Based on Rivian stock's EV/FY25 revenue multiple of 3.4x, it's trading at 50% of Tesla's FY25 revenue multiple. Therefore, we think RIVN stock looks fairly valued now. Nevertheless, we believe that RIVN stock remains a highly speculative play. However, the company seems to be getting well on track to meet its mid-term production guidance. Therefore, the current weakness could offer speculative investors a potential opportunity to add exposure at a more reasonable valuation.</p>\n<p>Consequently,<i>we revise our rating on RIVN stock to Buy.</i>However, we would like to caution that RIVN stock may be suitable for speculative investors only. Moreover, the stock could continue to exhibit tremendous volatility. Therefore, investors are encouraged to add in phases.</p>\n<p>This article was written by&nbsp;JR Research.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Rivian Stock A Buy, Sell, Or Hold?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Rivian Stock A Buy, Sell, Or Hold?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-22 14:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4476199-rivian-stock-buy-sell-hold><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nRivian stock has dropped more than 25% since our last Neutral call.\nThe company reported a slight production target miss in its FQ3 earnings call. However, we don't think investors should be ...</p>\n\n<a href=\"https://seekingalpha.com/article/4476199-rivian-stock-buy-sell-hold\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc."},"source_url":"https://seekingalpha.com/article/4476199-rivian-stock-buy-sell-hold","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123940793","content_text":"Summary\n\nRivian stock has dropped more than 25% since our last Neutral call.\nThe company reported a slight production target miss in its FQ3 earnings call. However, we don't think investors should be overly worried.\nWe discuss why we think RIVN stock is a Buy now.\n\nMichael M. Santiago/Getty Images News\nInvestment Thesis\nRivian Automotive, Inc. (RIVN) recently released its first earnings reports for FQ3'21 as a public company. Notably, the company missed its 1,200 vehicle production target by \"a few hundred vehicles.\" However, we weren't surprised, given the current supply chain bottlenecks and the challenges in ramping production. Moreover, we don't think investors should be unduly concerned about its short-term production goal. Management was clear as it emphasized that its long-term production targets remain unaffected.\nNevertheless, we believe that ramping production successfully will continue to be a key hurdle facing CEO RJ Scaringe & Co. Investors sent the stock tumbling after its earnings report, which we believe the market took the opportunity to pare down risk. After all, RIVN stock had traded at an incredible market cap of $112.8B when we wrote our previous article. Following the recent sell-off, Rivian's market cap has dropped to $88B. Therefore, we believe it's an appropriate time to revisit our thesis on RIVN stock post-FQ3 earnings.\nWe also discuss why we think the stock seems fairly valued now.\nRivian Market Cap Trend\nRIVN market cap analysis (as of 17 December'21).\nReaders can quickly glean that Rivian's market cap has dropped dramatically back to where it started life as a public company. It last registered a market cap of $88B, while it began trading with a market cap of $83.6B in early November.\nNevertheless, Rivian's market cap still exceeded Ford (F) and General Motors (GM) market cap even as it just started making deliveries in September. Some investors find it incredulous that a company that hasn't even ramped production could be worth more than both the US auto leaders.\nWhy We Think Rivian Investors Remain Optimistic Post-FQ3\nRivian's report card wasn't a disaster, even if the company missed its production guidance for 2021. CEO RJ Scaringe offered assurances as he emphasized (edited):\n\n For 2021, \n we expect to produce a few hundred vehicles short of our initial 1,200 vehicle production target. We do not believe any of our supply chain challenges represent long-term systemic issues. We remain well-positioned to capture and drive the accelerated large-scale adoption of sustainable transportation. However, a small number of suppliers or small number of components may be ramping a little slower, creating constraints or bottlenecks. Those challenges have been really a focal point for us over the last two and a half, three months. \n But, these issues are short-term in nature and they are solvable problems. So, we don't see any long-term systemic challenges associated with ramping the supply chain. (Rivian's FQ3'21 earnings call)\n\nRivian planned production capacity and delivery consensus estimates. Data source: S&P Capital IQ, Barron's\nRivian telegraphed that it would be commencing its new Georgia production facility in mid'22 and ready to begin production from 2024. Georgia's planned annual run rate is estimated at 400K. Therefore, it would afford Rivian a collective annual production capacity of 600K if we include its Illinois facility. Nevertheless, the company did not specify how long it would take to ramp production to its planned capacity. However, consensus estimates point to a relatively positive ramp through FY25. As a result, Rivian is estimated to deliver about 40K of vehicles in FY22. However, it would reach the 360K milestone by FY25, registering an estimated delivery CAGR of 108%. Its 360K estimate includes the 100K EDV orders from its exclusive last-mile delivery partner and cornerstone investor Amazon (AMZN).\nThere's little doubt that the delivery cadence estimates look very aggressive. But, if done well, it's also not impossible. Keen investors should recall that Tesla (TSLA) took just two years to ramp Giga Shanghai from zero to its current 600K annual run rate. It has even recently made new investments to enhance its production capacity further. Rivian also seems highly confident that they can ramp successfully, as CEO RJ Scaringe emphasized (edited):\n\n We've architected the product development to be capable of running more than one program and launching more than one program at once, but also to have those fast feedback loops between the different programs. So with that, the commercial van has actually learned a lot from the R1 platform and the R1 platform launch. What you see in terms of the facility in Georgia, is key for us from an expansion point of view. We're quite confident in the path ahead. All three of our vehicles have been certified for sale and they're being produced on two different production lines. \n The organization was architected to facilitate running and operating multiple programs at the same time. And so as we now look at what the ramp will look like for both R1T and R1S into next year, it really positions us to rapidly grow through the course of 2022. (Rivian's FQ3'21 earnings call)\n\nWhile it's still early, Rivian investors are undoubtedly confident that the company can deliver on its production cadence to meet its delivery milestones. The company is not facing a demand issue compared to short-term supply constraints. They updated that R1 orders have climbed to 71K from 55K in the previous update. Nevertheless, these are cancelable orders, as their delivery timeline has been stretched to 2023 if a new order is placed now. Given that auto leaders General Motors, Ford, and Tesla will also be expected to compete with their pickup trucks soon, Rivian must maintain its production cadence. Therefore, we encourage investors to monitor their production milestones very carefully moving ahead.\nInvestors Must Carefully Monitor Amazon's EDV Range\nThe partnership with Amazon is critical to jumpstarting Rivian's ambitions into the commercial fleet segment. Not only does it offer the opportunity of massive fleet sales, but it also sells its fleet management subscriptions as part of its commercial sales. Consequently, it introduces a recurring software revenue stream component on top of its hardware revenue. It also applies to the Amazon fleet, as Rivian accentuated: \"That software subscription goes live basically now on the commercial side.\"\nRivian is expected to deliver 10K EDV by 2022 following \"months of testing in 15 cities.\" Investors should remember that Amazon retains the right to change its number of orders. Therefore it's critical that Rivian can meet Amazon's expectations. We believe it has also driven Rivian to ramp production quickly. Given how quickly they secured their second production facility, we believe that the company seems confident in meeting its production targets, and consequently, Amazon's orders.\nRivian emphasized that its EDV is capable of 201 miles range, and it is on track to deliver its vehicles to Amazon. However, a previous report by The Information highlighted some challenges in Amazon's testing, on top of its battery draining problem. The Information reported (edited):\n\n Rivian said the Amazon vans would have a range of between 120 miles and 150 miles depending on their size. But one driver involved in testing the vans said the range could be much less, depending on the weather. The driver who spoke to The Information said the battery drained about 40% faster than normal if the van’s heating or cooling was on. As a result, drivers have been testing the vans on what they dubbed “nursery routes,” where vans didn’t venture too far away from the contractors’ headquarters. (The Information)\n\nNevertheless, Amazon's director of Global Fleets and Products, Ross Rachey, noted that once the vans are in production, \"they would have a range of 150 miles, which is double the range of the majority of Amazon's routes.\" Notably, the company also quickly emphasized that these test vans are not fully developed yet.\nWe believe a successful launch program with Amazon could open up many potential opportunities outside of the Last Mile segment. Investors should note that Amazon's exclusive partnership with Rivian is limited to Last Mile. But, the commercial space is much larger than the Last Mile segment. Rivian also raved about its market opportunities in the larger commercial space, as Scaringe added (edited):\n\nAmazon represents such a large pool of demand for us.So it's really critical that we do not starve them of vehicles. Nevertheless, the RCV platform was architected and designed \n fully contemplating vehicles beyond Last Mile, such as in the cargo space, or in the workspace. So there's a whole host of opportunities that exists both in large volumes, but also across a very long spread-out tail of commercial applications. Thus, we also have an eye on launching non-EDV versions on the RCV platform to capitalize on these opportunities. (Rivian's FQ3'21 earnings call)\n\nSo, is RIVN Stock a Buy/Hold/Sell Now?\nRivian revenue and adjusted EBIT margins mean consensus estimates. Data source: S&P Capital IQ\nRIVN and TSLA stock EV/Fwd Revenue valuation comps. Data source: S&P Capital IQ\nConsensus estimates point to a largely successful ramp, as we explained earlier. As a result, Rivian's revenue is estimated to reach $27.84B by FY25. However, the company is not expected to be profitable based on adjusted EBIT margins by then. Therefore, investors are encouraged to monitor its production ramp and profitability dynamics moving forward carefully.\nNevertheless, its valuations have dropped significantly since its earlier momentum spike. The stock has declined more than 25% since our Neutral call, as we encouraged investors to wait for the dip.\nIf we consider Rivian's valuations against Tesla moving forward, it may seem more reasonable than the EV leader. However, investors should note that Tesla is already a solidly profitable EV maker. It also has proven its production ramp capabilities exceptionally well. Moreover, its brand value has also increased tremendously globally. Therefore, comparing their revenue multiples directly without adjusting for Tesla's advantages would not make sense.\nBased on Rivian stock's EV/FY25 revenue multiple of 3.4x, it's trading at 50% of Tesla's FY25 revenue multiple. Therefore, we think RIVN stock looks fairly valued now. Nevertheless, we believe that RIVN stock remains a highly speculative play. However, the company seems to be getting well on track to meet its mid-term production guidance. Therefore, the current weakness could offer speculative investors a potential opportunity to add exposure at a more reasonable valuation.\nConsequently,we revise our rating on RIVN stock to Buy.However, we would like to caution that RIVN stock may be suitable for speculative investors only. Moreover, the stock could continue to exhibit tremendous volatility. Therefore, investors are encouraged to add in phases.\nThis article was written by JR Research.","news_type":1},"isVote":1,"tweetType":1,"viewCount":903,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}