Buying the right stock at the right time can transform your life. For example, if you had invested $10,000 in electric vehicle (EV) industry leader Tesla in 2014, you would have a whopping $245,300 today. That's a return of over 2,430% in just a decade. Could Rivian Automotive ( RIVN 5.35% ) be the next best thing? Let's explore the pros and cons of this EV start-up to decide if it has multi-bagger potential over the long term. The hype has faded Rivian was at the top of the world when its shares became available through an initial public offering (IPO) in 2021. This was a different time for the EV industry. Tesla had recently become profitable, proving the technology was here to stay. And Rivian's lineup of high-end trucks and EVs promised to fill an overlooked opportunity in the market. With a starting market capitalization of over $100 billion, the company immediately became America's second-most-valuable automaker behind Tesla -- leaving traditional marques like Ford Motor Company and General Motors in the dust. In hindsight, this made very little sense. And the market quickly soured on Rivian as growth stalled and rivals began offering products like the F-150 lighting, Silverado EV, and Cybertruck, which took over its niche. Rivian's third-quarter revenue fell 18% year over year to $874 million on a decline in both production and deliveries. To be fair, the EV industry is much more competitive now than it was when Rivian went public. And macroeconomic challenges like inflation and high interest rates probably aren't helping consumer appetite for its high-end cars. But it's hard to make any excuses for Rivian when rival products like the Tesla Cybertruck are doing so well. According to Kelley Blue Book, Elon Musk's polarizing vehicle has sold a whopping 28,240 units so far this year, trouncing Rivian's R1T, which has only sold 10,387 units. This is despite the Cybertruck's higher sticker price, with a base price of $82,235, compared to Rivian's R1T, which starts at $71,700. Worse still, Rivian lost an average of $39,130 on every car it sold -- up from $30,448 last year. With a gross margin of negative 45%, it costs the company more to manufacture and deliver its cars than it can recoup by selling them. CEO Ryan Scaringe believes he can change the situation. He claims the company is on track to achieve gross profitability in the fourth quarter by improving revenue per unit and variable costs per unit. This will involve selling regulatory credits, improving materials costs, and unlocking manufacturing efficiencies. But this doesn't fix Rivian's core problem with heavy competition and poor top-line growth. Can the situation be turned around? There are several things Rivian can do to try to turn its situation around. The first step will be to secure the funding needed to stay in business. To that end, the company has partnered with industry giant Volkswagen Group to launch a $5.8 billion joint venture to focus on creating EV software and architectures. Rivian will benefit from cash infusions, while Volkswagen will get access to its more advanced technology. While this deal makes sense in the short term, it is alarming to see Rivian giving up part of its economic moat to a potential competitor. Volkswagen vehicles are expected to begin using Rivian's architecture by 2027. All this being said, I'm still cautiously optimistic about Rivian. The company doesn't seem to be a life-changing buy right now. But underneath the noise, it makes quality products that consistently win awards for safety and consumer satisfaction. And eventually, enough buyers might take notice. While it's too early to buy Rivian stock, investors should keep it on their watch list pending more information.NoneFormer North Carolina State wide receiver Kevin "KC" Concepcion is transferring to Texas A&M. He confirmed the transfer on his Instagram account Sunday. Concepcion, who has two years of eligibility remaining, caught 124 passes for 1,299 yards and 16 touchdowns, and rushed for two more, in 25 games over two seasons for the Wolfpack. He was the Atlantic Coast Conference Rookie of the Year and Offensive Rookie of the Year in 2023, when he set program records for a freshman with 71 receptions and 10 TDs. Listed at 5-foot-11 and 189 pounds, Concepcion is ranked by 247Sports as the No. 15 player overall and No. 6 receiver in the transfer portal. Texas A&M already has added receivers Micah Hudson, a transfer from Texas Tech, and Mario Craver (Mississippi State). The Aggies have 10 transfer commitments. Concepcion also considered Alabama, Colorado, Florida State, Miami and South Carolina. --Field Level Media
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STAG Industrial, Inc. ( NYSE:STAG – Get Free Report ) declared a monthly dividend on Wednesday, October 9th, Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.1233 per share by the real estate investment trust on Wednesday, January 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date is Tuesday, December 31st. STAG Industrial has raised its dividend by an average of 0.7% annually over the last three years. STAG Industrial has a dividend payout ratio of 154.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect STAG Industrial to earn $2.52 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 58.7%. STAG Industrial Price Performance Shares of NYSE STAG opened at $33.86 on Friday. The company has a market capitalization of $6.17 billion, a PE ratio of 34.20 and a beta of 1.07. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. STAG Industrial has a twelve month low of $33.18 and a twelve month high of $41.63. The firm has a fifty day simple moving average of $36.32 and a 200 day simple moving average of $37.68. Analysts Set New Price Targets Read Our Latest Stock Analysis on STAG Industrial About STAG Industrial ( Get Free Report ) We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets. Further Reading Receive News & Ratings for STAG Industrial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STAG Industrial and related companies with MarketBeat.com's FREE daily email newsletter .
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Solvay SA ( OTCMKTS:SVYSF – Get Free Report ) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 701,400 shares, a growth of 25.4% from the November 30th total of 559,500 shares. Based on an average trading volume of 1,000 shares, the short-interest ratio is currently 701.4 days. Solvay Price Performance OTCMKTS SVYSF opened at $32.15 on Friday. The stock has a 50-day moving average of $35.88 and a 200 day moving average of $36.12. Solvay has a twelve month low of $23.50 and a twelve month high of $43.20. About Solvay ( Get Free Report ) Recommended Stories Receive News & Ratings for Solvay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solvay and related companies with MarketBeat.com's FREE daily email newsletter .Anthem Blue Cross Blue Shield reverses decision to put a time limit on anesthesia
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(Bloomberg) — Libya’s oil production has risen to the highest daily level in more than a decade, just months after a political crisis slashed the country’s output. Crude and condensate production hit 1.422 million barrels on Thursday, the National Oil Corp. said in a post on X. That exceeds the state oil-firm’s target by 22,000 barrels. It’s also the highest daily volume since 2013, according to the NOC. The surge marks a stunning turnaround for Libya’s oil industry this year. In August, a feud between the country’s rival eastern and western governments halved output, stoking fears of a renewed war. The two sides resolved their dispute a month later. The North African country is now planning its first tender for energy exploration since the 2011 civil war that ousted leader Moammar Al Qaddafi. Italy’s Eni Spa and BP Plc resumed drilling last month, ending a pause in place since 2014. Libya, home to the Africa’s largest oil reserves, in November boosted crude output to 1.14 million barrels a day, providing a sense of the nation’s oil rebound. The ramp-up would help bring foreign currency into the country, after seesawing production in recent years — largely the result of unrest — limited revenues. Power struggles have compounded years of neglect in developing or revamping the oil infrastructure. Still, the increase comes at a tricky time for the Organization of Petroleum Exporting Countries, of which Libya is a member. The producer group and its allies on Thursday delayed a revival of its production for three months, amid faltering demand in China and booming supplies from the Americas. While Libya is exempt from the OPEC+ system of production caps, its production feeds into the group’s performance, adding to global supplies.CHARLOTTE AMALIE, Virgin Islands (AP) — Trey Autry scored 16 points off of the bench to help lead George Washington over Illinois State 72-64 on Monday night to claim a fifth-place finish at the Paradise Jam tournament in the Virgin Islands. Autry had five rebounds for the Revolutionaries (6-1). Gerald Drumgoole Jr. scored 16 points while going 4 of 9 from the floor, including 2 for 5 from 3-point range, and 6 for 7 from the line. Darren Buchanan Jr. shot 3 of 11 from the field and 9 for 11 from the line to finish with 15 points, while adding 10 rebounds. The Redbirds (4-3) were led by Chase Walker, who posted 18 points and two steals. Johnny Kinziger added 16 points for Illinois State. Dalton Banks also had 13 points, six rebounds and two steals. Autry scored seven points in the first half and George Washington went into the break trailing 29-27. NEXT UP George Washington's next game is Friday against VMI at home, and Illinois State visits Belmont on Wednesday. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .NoneAfter-hours movers: Zoom, Agilent, HanesBrands, Kohl's
Leslie's, Inc. Announces Fourth Quarter & Fiscal 2024 Financial Results; Provides First Quarter Fiscal 2025 Outlook' electrifying talent on the football field continues to be overshadowed by his questionable antics. The wide receiver has been during Week 13's matchup against the . These penalties-his fourth fine this season-highlight an ongoing battle between Pickens' undeniable potential and his struggles with discipline. In the game's first quarter, Pickens was . Later, in the third quarter, he celebrated a play with a , a move the NFL has aggressively cracked down on due to its violent connotations. This second infraction , bringing the total to over $20K for just one game. Steelers head coach didn't hold back in addressing the situation. " ," Tomlin told reporters after the game. Pickens' fine sparks questions about discipline This isn't the first time Pickens has been at the center of controversy. His history of fines includes , such as blindside blocks, excessive facemask penalties, and personal taunts. More recently, he was involved in a fight with defensive back and has faced accusations of taking plays off. Even off the field, Pickens drew attention for mimicking Marshawn Lynch's infamous " " moment during a post-Thanksgiving media exchange. Fans and analysts alike are divided on Pickens' behavior. While some admire his passion and fiery energy, -both in penalties and reputation. " " one observer mused. With 55 receptions for 850 yards and three touchdowns this season, Pickens' talent is undeniable. However, the narrative surrounding his career . As the Steelers push toward the playoffs, Pickens faces a pivotal moment: Will he refine his behavior and channel his energy productively, or will his actions continue to detract from his potential? The clock is ticking for the 23-year-old to grow into the player both fans and his team know he can be.
Paid non-client promotion: Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate investing products to write unbiased product reviews. Investing in the stock market is crucial for maintaining spending power and hedging against inflation. A diversified portfolio is a better long-term strategy for preserving wealth than holding cash. Extreme highs and lows in your portfolio and fixating on the short-term are signs you may be underinvesting. The US stock market continues to soar through the final quarter of the year, with major indexes like the Dow Jones, Nasdaq, and S&P 500 hitting record closes on Wednesday. Investors remain optimistic following Federal Reserve Chair Jerome Powell's comment that the US economy seems to be in "remarkably good shape." Now is a better time than ever to invest in the market. Here are four signs you're not investing enough in the stock market, according to financial advisors. 1. You keep everything in cash Holding onto your cash may seem like the safer option compared to risking it on the market. But in actuality, your money is losing value due to inflation diminishing the purchasing power of the US dollar. "Even though cash yields are better than five or six years ago, they're still low compared to inflation," Tom Graff, chief investment officer at Facet , told Business Insider. "By holding onto cash, you're functionally not making any money." The best way to combat inflation and preserve wealth is by investing in a diversified portfolio of stocks, bonds, and other securities. The S&P 500 index, a popular stock market benchmark, has a historic average annual return of 10% that far outperforms the US inflation rate of 2.6%. Savings accounts, on the other hand, only have an average return of 0.43% APY . That said, your bank account is still the right place for money you know you need to pay off short-term expenses like rent, groceries, and debt. Only invest money you won't need access to for at least several years. "We've all felt inflation over the last several years eat away at our earnings and our spending power," Corbin Blackwell, senior financial planner at Betterment , told BI. "You aren't getting anything from your savings account, but investing keeps pace with inflation." 2. You're experiencing extreme highs and lows in your portfolio "One sign that you're not investing enough in the stock market is if you're experiencing extreme highs and lows every time you look at your portfolio's performance," said Blackwell. Being thoroughly invested in the market doesn't necessarily mean buying more stocks or increasing the size of your portfolio, she says. Rather, it refers to diversifying your assets to gain exposure from multiple areas of the market. Someone who owns 100 shares of different technology companies is less diversified than someone who owns half that amount of shares but has exposure to a mix of market sectors like health care, real estate, financials, tech, and communication services. Similar to a roller coaster, an investment portfolio that lacks proper diversification is vulnerable to frequent market swings. These extreme highs, although thrilling, prevent your portfolio from growing at a steady and reliable pace. Instead, you're at greater risk of a major loss. Diversifying your investments across various market sectors is a proven strategy to mitigate risk and enhance your portfolio's performance. By spreading your investments, you can better weather market fluctuations and capitalize on opportunities in different sectors. "You don't need to spend a lot of money to have a diversified portfolio," said Blackwell. "You can buy a share of an ETF , which is already diversified in and of itself. But you shouldn't just buy one ETF, either." Don't know where to start? Finding a financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to three fiduciary financial advisors that serve your area in minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. Start your search now. 3. You never increase your retirement contributions At the beginning of your working career, you likely could only contribute a small percentage of your paycheck to your 401(k) or another of the best retirement plans . But did you increase your contributions the last time you got a raise? As you make more money, contribute more toward your retirement plan to make up for the years you could only contribute a little. This is especially important if your employer offers a match, as this is essentially free money. Although retirement may feel light years away, time is paramount as retirement savings steadily grow with compound interest and long-term investment opportunities. As mentioned before, holding onto loads of cash diminishes its spending power. Blackwell noted that investing is a crucial step in securing retirement as you can't get back that time that you missed, and relying on Social Security alone isn't recommended. "If you don't have any help in the form of investment gains and compound interest, you're going to have a really hard time affording that retirement, especially when life expectancy is so long," said Blackwell 4. You're focused on short-term volatility rather than long-term gains Another sign of underinvesting is if you find yourself holding back from participating in the current market due to its short-term volatility. The market's daily fluctuations can look intimidating, especially if you're new to stock investing, but not all volatility is bad. Blackwell explains that financial advisors prefer people to invest long-term as many opportunities need time in the market to accumulate gains. "Investing isn't about the big wins," She said. "There's not enough certainty in any portfolio to only benefit from the upside. It's always a risk, return trade-off." Graff notes that current economic and political factors impact people's perspective and optimism about the market and the US economy as a whole. However, those circumstances generally impact the short-term rather than the actual long-term potential of the average investor's portfolio. "There's always something, and when the market has been up a lot, anything that goes wrong could be a downturn," said Graff. "At some point there's going to be a bear market again, but timing that is so difficult." At the end of the day, there's no better time to invest in the market than the present, as you risk missing out on growth opportunities by focusing on the short term instead of having a long-term perspective. Moreover, long-term investing is generally less risky and provides opportunities for recovery from market downturns. "It's not fair to tell investors not to worry about problems like inflation. Instead, the real advice is to use that time to your advantage," said Graff. Credit cards Investing apps Retirement savings Cryptocurrency The stock market Retail investing