Name: Ford (F) Withdraws FY23 Guidance & Rivian (RIVN) Is Well-Positioned
Uploaded: 2023-10-27T16:26:28.901-05:00
Duration: 5 min 5 s

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Ford (F) is lower after earnings. The company also withdrew its FY23 guidance, citing the ratification of a tentative U.S. labor agreement pending. Jeff Pierce discusses this as Ford is to pull back on E.V.s and focus more on combustion and hybrid vehicles. Jeff also talks about Rivian (RIVN) as Cantor Fitzgerald upgraded the company to overweight from neutral. The analyst cites that 3Q production deliveries are above expectations, and it looks well-positioned to achieve and exceed annual guidance. Tune in to find out more about the stock market today.

Ford (F) Withdraws FY23 Guidance & Rivian (RIVN) Is Well-Positioned

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