Truist Securities Initiates Rivian (RIVN) with Buy Rating

Rivian Releases 3Q Production Totals, Sending Shares Higher

(Updated - October 3, 2022 5:11 PM EDT)

American electric vehicle maker, Rivian (NASDAQ: RIVN) announced production totals for the 3Q ending September 30, 2022. The company produced 7,363 vehicles at its manufacturing facility in Normal, Illinois and delivered 6,584 vehicles during the same period. This compares to the... More

UBS Updates Global Auto Model on Weak Macro Data: 'Goodbye Auto Production Recovery'

UBS Research updated its global auto model as they believe falling demand will keep 2023 production flat compared to last year.

Analyst, Patrick Hummel wrote in a note that it is overwhelmingly likely that rapidly weakening macro data have a severe negative impact on auto demand in 2023, in all... More

Truist Securities Initiates Rivian (RIVN) with Buy Rating

Truist Securities initiated coverage of Rivian Automotive, Inc. (NASDAQ: RIVN) with a Buy rating and $65.00 price target. The electric vehicle company only just began delivering its first vehicles; however, the company has been strategically positioning, raising capital, and building out its vertically integrated ecosystem for over a decade.

Analyst,... More

Amazon (AMZN) 30-day option implied volatility at 51

Amazon (NASDAQ: AMZN) 30-day option implied volatility is at 51; compared to its 52-week range of 22 to 56.

Amazon raises hourly pay for warehouse and transportation workers

(Reuters) - Amazon.com Inc's warehouse and transportation workers will receive an increased average starting pay of more than $19 per hour from $18, the world's largest online retailer said on Wednesday.

The wage hike would help the company attract and retain workers in a tightening U.S. labor market as the peak season for gifting gets underway.

After-Hours Movers: Vail Resorts Gains Post EPS, Altus Power Falls on Offering

After-Hours Stock Movers:

Connexa Sports Technologies, Inc. (NASDAQ: CNXA) 14% LOWER; entered into a securities purchase agreement with a single institutional investor for the issuance and sale of 12,820,512 shares of its common stock (or common stock equivalents in lieu thereof), together with accompanying... More

Today's Most Important Initiations

Truist Securities assumed coverage on Tesla (NASDAQ: TSLA) with a Buy rating and a price target of $333.33.

Northland Capital Markets initiated coverage on Sunrun (NASDAQ: RUN) with an Outperform rating and a price target of $60.00, expecting the U.S.... More

UPDATE: Truist Securities Starts Rivian Automotive Inc (RIVN) at Buy, 'A Diversified Mobility Tech Powerhouse'

(Updated - September 28, 2022 4:51 PM EDT)

Truist Securities analyst Jordan Levy initiates coverage on Rivian Automotive Inc (NASDAQ: RIVN) with a Buy rating and a price target of $65.00.

The analyst comments "While Rivian only just began delivering its first vehicles, the company has been... More

Car Enthusiast Doug DeMuro Reviews Rivian (RIVN) R1S: 'The Most Amazing Electric SUV Yet'

YouTube star and car enthusiast Doug DeMuro posted a review of the Rivian (NASDAQ: RIVN) R1S electric SUV on Tuesday. In less than 24hrs, the video has already reached almost half a million views.

DeMuro began his review of the vehicle by featuring the Rivian R1S key fob. The key is shaped to look like a carabiner, complete with a spring-loaded gate for securing your key to almost anything. However, DeMuro went on to explain that the key fob isnt the only way for a customer to gain entry to... More

Amazon (AMZN) Plans To Close Some Us Call Centers In Remote-work Shift - Bloomberg

Amazon (NASDAQ: AMZN) Plans To Close Some Us Call Centers In Remote-work Shift - Bloomberg

RBC Capital Encouraged by Recent Activity at Rivian (RIVN); Cuts Price Target to $62

Shares of electric vehicle maker, Rivian Automotive (NASDAQ: RIVN) are down 1.1% in pre-market trading on Wednesday after RBC Capital Markets reiterated an outperform rating and cut the price target to $62 (From $75).

RBC Capital analyst Joseph Spak wrote in a note that Near-term encouraging activity gives us more confidence in 4Q22 ramp, but lowering 2023 estimates on some changeover factors. Remain OP rated but PT to $62 on revised model.

Spak adjusted 3Q production forecasts to 8.5k from 8.65k. For... More

Amazon.com (AMZN) PT Lowered to $170 at Truist Securities

Truist Securities analyst Youssef Squali lowered the price target on Amazon.com (NASDAQ: AMZN) to $170.00 (from $180.00) while maintaining a Buy rating.... More

Rivian Automotive Inc (RIVN) PT Lowered to $62 at RBC Capital

RBC Capital analyst Joseph Spak lowered the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $62.00 (from $75.00) while maintaining a Outperform rating.... More

AWS (AMZN) Announces General Availability of AWS IoT FleetWise

Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced the general availability of AWS IoT FleetWise, a new service that makes it easier for automotive companies to collect, transform, and transfer vehicle data to the cloud in near real time. Automakers, suppliers, fleet operators, and technology solution vendors in the automotive industry can use AWS IoT FleetWise to collect and organize vehicle data more easily, and to store the data in a standardized way for data analysis in the cloud. AWS IoT FleetWise helps automotive companies... More