E.V. sales have faced stiff headwinds recently, according to a Stifel analyst. Stifel initiates coverage on Rivian (RIVN) with a buy rating. The analyst notes that they believe E.V. hurdles will shrink over the next few years. Stifel also highlights that key positives for RIVN include high-quality brand awareness, and an agreement with Amazon (AMZN) for 100K E.D.V. purchases from other fleets. Jenny Horne discusses this story. Rick Ducat then goes over the technical trends investors should be watching in the stock. Tune in to find out more about the stock market today.
Morning Trade Live
07 Dec 2023
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