Trading Strategies for Rivian Stock Before And After Q4 Earnings
Portfolio Pulse from Melanie Schaffer
Rivian Automotive, Inc (NASDAQ:RIVN) is trading lower ahead of its Q4 earnings, with analysts expecting a loss of $1.32 per share on revenues of $1.262 billion. Barclays downgraded Rivian's stock, and the company's stock performance has been volatile around earnings reports. The Spear Alpha ETF (NASDAQ:SPRX), which includes Rivian among its holdings, offers a diversified investment option. Rivian's technical analysis shows a neutral stance with potential for movement post-earnings.
February 21, 2024 | 7:59 pm
News sentiment analysis
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NEUTRAL IMPACT
Rivian is facing a critical earnings report with expectations of a significant loss. Recent downgrades and past volatility around earnings reports suggest a cautious outlook.
Given the expected loss and recent downgrade by Barclays, Rivian's stock may experience short-term volatility. However, the company's past performance of beating estimates could provide some upside potential.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Spear Alpha ETF, which includes Rivian among its holdings, offers a diversified investment option and has shown significant growth over the past year.
SPRX's inclusion of Rivian and its focus on emerging industrial technologies, combined with its impressive past performance, suggest potential for continued growth, especially if Rivian's earnings positively surprise.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 70