An EV600 all-electric light commercial vehicle purpose-built for the delivery of goods and services, built by GM’s electric commercial vehicle business, BrightDrop, is seen in Detroit, Michigan, in this undated photograph. Brightdrop | Handout | via Reuters Layoff announcements and warnings of an economic downturn from multiple CEOs during the earnings season have made it
When it comes to Rivian Automotive (NASDAQ:RIVN) and competition, Tesla (NASDAQ:TSLA) may be what first comes to mind. Yet while many investors are buying RIVN stock in the hopes it is the next TSLA stock, the electric vehicle market leader isn’t this company’s main competitive threat. Rather, that honor belongs to incumbent automaker Ford (NYSE:F),
Electric vehicles (EVs) will soon take over the world as the leading transportation technology. With counties announcing investments and subsidies to promote EVs, there is much interest in the new technology to transition to a greener environment. President Biden has ambitious goals to handle the climate crisis, and The Bipartisan Infrastructure Law has invested $7.5 billion in
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There have been several multibagger stories among growth stocks in the last few years. However, the broad index movement indicates that the last few years have been challenging for growth stocks. It’s therefore relatively easy to spot undervalued growth stocks. If we look at the optimistic side of things, it’s the best time to accumulate
In this article BRK.B Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett. Gerald Miller | CNBC Berkshire Hathaway‘s operating profits fell during the fourth quarter as inflationary pressures weighed on the conglomerate’s businesses. Berkshire Hathaway’s operating earnings totaled $6.7 billion in the fourth quarter of 2022, a release read Saturday. That’s down 7.9% from the
My guest today is Rob Abasolo. You may know Rob as Robuilt on Youtube, where be provides educational videos on how to build wealth using rental properties. You may also know Rob as the Cohost of the popular Bigger Pockets podcast. If you’ve ever considered creating a side business of rental properties or AirBNB’s then
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Investors weren’t enamored with app-based bank SoFi Technologies (NASDAQ:SOFI) in 2022, but 2023 offers an opportunity for SOFI stock to bounce back. Indeed, if one analyst is right about his forecast, SoFi Technologies’ loyal shareholders could enjoy substantial returns over the next 12 months. It might seem like everybody and his uncle has sold off their
Aerospace and defense stocks have seen a resurgence over the past year. The war in Ukraine reminded folks that the world remains a dangerous place. After many years of stagnant or shrinking defense budgets, significant powers such as Germany and Japan are ramping up military spending again. It’s not just Russian aggression causing this, either. Rising tensions around China
Many long-term investors appreciate dividend stocks, for many reasons. Companies that pay back a portion of their profits to their shareholders via dividends are generally more reliable. Additionally, dividend stocks provide investors looking for income in retirement with a steady stream of passive income. Generally, dividends are typically issued by well-established, financially stable companies that
Investors of electric vehicle (EV) battery manufacturer QuantumScape (NYSE:QS) have a lot to celebrate in early 2023. QS stock could get a boost to $20 or more in the upcoming months as QuantumScape implements cost-cutting measures and improvements to the company’s production processes. Suffice it to say, QuantumScape’s stakeholders definitely needed a new, positive update. Sure,