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Why Rivian (RIVN) Stock Is Up Today
Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) jumped 6% in the morning session after the company announced a loan agreement with the U.S. Department of Energy worth $6.6 billion to construct a new manufacturing facility in Georgia. The fund is expected to support the creation of 7,500 new manufacturing jobs and accelerate the production of Rivian's new vehicles (R2 SUV and R3 crossover).
FTAI Aviation (FTAI) Shares Skyrocket, What You Need To Know
Shares of aircraft leasing company FTAI Aviation (NASDAQ:FTAI) jumped 5.4% in the morning session after the stock continued to recover from the Muddy Waters report. FTAI added in its response to the report, "...believes that the recent report by Muddy Waters is an attempt to profit at the expense of FTAI's shareholders by manipulating the company's stock price. We strongly disagree with the assertions made by this notorious short-seller, several of which are sourced to a single, anonymous individual who is described only as 'a former FTAI executive' and whose agenda is not explained."
Why Are Intel (INTC) Shares Soaring Today
Shares of computer processor maker Intel (NASDAQ:INTC) jumped 8% in the morning session after Bloomberg reported the company could be a potential acquisition target. Bloomberg cited SemiAccurate, a tech site founded by Charlie Demerjian. SemiAccurate claimed it had "read an email about a company attempting to buy all of Intel."
Fastenal (NASDAQ:FAST) Misses Q4 Sales Targets, Stock Drops
Industrial supplier Fastenal (NASDAQ:FAST) missed Wall Street’s revenue expectations in Q4 CY2024 as sales rose 3.7% year on year to $1.82 billion. Its GAAP profit of $0.46 per share was 3.8% below analysts’ consensus estimates.
3 Reasons VMI is Risky and 1 Stock to Buy Instead
Valmont’s 18.1% return over the past six months has outpaced the S&P 500 by 11.5%, and its stock price has climbed to $338.84 per share. This performance may have investors wondering how to approach the situation.
3 Reasons WMG is Risky and 1 Stock to Buy Instead
Since July 2024, Warner Music Group has been in a holding pattern, posting a small loss of 4.4% while floating around $30.31. The stock also fell short of the S&P 500’s 6.6% gain during that period.
Marvell Technology (MRVL): Buy, Sell, or Hold Post Q3 Earnings?
Marvell Technology has been on fire lately. In the past six months alone, the company’s stock price has rocketed 74.7%, reaching $118.65 per share. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
3 Reasons to Sell ONEW and 1 Stock to Buy Instead
What a brutal six months it’s been for OneWater. The stock has dropped 47.1% and now trades at $16.13, rattling many shareholders. This was partly due to its softer quarterly results and might have investors contemplating their next move.
Hillman (HLMN): Buy, Sell, or Hold Post Q3 Earnings?
Hillman has been treading water for the past six months, recording a small return of 1.4% while holding steady at $10.03. The stock also fell short of the S&P 500’s 6.6% gain during that period.
3 Reasons AVY is Risky and 1 Stock to Buy Instead
Over the past six months, Avery Dennison’s stock price fell to $188.25. Shareholders have lost 15.5% of their capital, which is disappointing considering the S&P 500 has climbed by 6.6%. This was partly driven by its softer quarterly results and might have investors contemplating their next move.