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đźš™ EV Stock Gets An Upgrade... And No It's Not Tesla

Why this Tesla competitor got an upgrade from Piper Sandler, when it rains it pours for Boeing and more

Happy Friday, Zingers! Some things you just have to learn on your own. When I was five I touched a hot pan on the stovetop while my mom was cooking. I only did it about a half dozen more times before realizing that it wasn’t a good idea.

And that’s basically how I feel with meme coins. Will I get the rug pulled out from under me trading HarryPotterObamaSonic10Inu? Almost definitely. Will I still buy it? I don’t see why not. We have thousands of different meme coins to choose from. If I buy them all, one has to go up, right?

Before we dive in, are you looking to make money on the recent rally in gold prices? Today’s partner is here to help.

And, looking to learn more about private and public real estate investing? Subscribe to our weekly real estate newsletter delivered every Friday. All it takes is one click.

MARKET SNAPSHOT

Yesterday: Another hot inflation print yesterday morning weighed on stocks throughout the day. All major indices closed in the red, with the Dow Industrial Average as the laggard of the day.

On Our Radar: The Empire State Manufacturing Survey is out before the open, as well as the Import Price Index and more. It’s also a quad-witching Friday, so expect some extra volatility!

TOP STORY
Electric Vehicle Ev GIF by Rivian

Briefly: Rivian shares traded higher in Thursday’s after-hours session following an upgrade from Piper Sandler.

What Happened: Piper Sandler analyst Alexander Potter upgraded Rivian from a Neutral rating to an Overweight rating and raised the price target from $15 to $21. Several contributing factors influenced the EV manufacturer’s upgrade, including last week’s R2/R3 launch event, a renewed capital expenditures outlook, and the recent selloff in shares.

Cautiously Optimistic: Potter made it clear that buying Rivian shares at current levels is still a risky investment given the potential for negative surprises coming out of the company’s revamped strategy. However, he highlighted strength in orders for the company’s new R2 platform.

Quoted: “This excitement around new products, coupled with a plan to delay capex and build R2 in an existing plant, should prompt investors to adopt a more bullish stance,” the Piper Sandler analyst said in a new note released after the close on Thursday.

PRESENTED BY STANSBERRY RESEARCH

Many experts believe gold is headed to $3,000/oz. or even higher. Especially when you consider the strange events happening across the economy right now:

  • U.S. government bonds just saw its worst bear market since the Civil War...

  • A "tsunami of branch closures" is happening across the banking sector...

  • All while the soaring price of household goods has added an extra $11,400 to the typical household's expenses.

This likely explains why so many billionaires are loading up on gold right now. And yet, there's an even bigger buyer in the gold markets who is now purchasing gold at an unprecedented rate.

As this rally picks up most investors will likely run out and buy an ETF, a gold mining stock, or even bullion.

But there's actually a much better way to profit from the emerging gold boom (with as little as $5).

FIVE ZINGERS

Not Dead Yet: Commercial real estate might have some life after all. Here’s why the world’s largest private equity firm is calling for a rally.

FlipFlop on TikTok: Donald Trump used to talk about banning TikTok. Now he wants it to stay. Here’s why he changed his mind.

Getty Up: Getty Images reported better-than-expected earnings after the close yesterday, and its stock popped more than 5%.

Next Up: There’s been a lot of talk about the Magnificent Seven stocks in the last year. CNBC’s Josh Brown picked seven stocks he thinks could be next.

Higher For Longer: Hot inflation data yesterday has many investors calling for higher rates for longer. Here’s what it would mean for different ETFs.

ONE FOR THE ROAD
Flying Royal Dutch Airlines GIF by KLM

Basically: When it rains, it pours for Boeing. A string of recent mechanical failures that forced emergency landings have highlighted their recent struggles.

Recently: The company came under investigation by the U.S. Federal Aviation Administration (FAA) in January after a door panel blew out in mid-flight. This week, it’s remained under the microscope following additional incidents involving its planes.

The Latest: On Wednesday night an American Airlines Boeing 777 carrying 249 people left Dallas-Fort Worth International Airport, but a blown tire forced it to declare an emergency landing at Los Angeles International Airport.

Another One: Just two days earlier, another Boeing 777, after taking off from Sydney, Australia, on its way to San Francisco, was forced to make an emergency landing back at Sydney after reports of hydraulic fluid spilling from the plane’s landing gear.

Click here to see the full breakdown of Boeing’s issues.

PRESENTED BY STANSBERRY RESEARCH

Look out for a letter from the "Bureau of the Fiscal Service."

That's the branch of the Treasury Department that pays out Social Security benefits, issues tax refunds, and paid out stimulus checks during the pandemic.

And right now, it's rolling out a radical new technology that could have a big impact on your bank account and retirement income. 

41 banks, including JP Morgan, Wells Fargo, and BNY Mellon, are already rolling it out. If yours isn't one of them, it likely soon will be.

That means you only have a short window of time to prepare for these changes.

Here are three moves to make immediately... before your bank adopts this new technology.