HomeTechFAANGRivian (RIVN) Stock Jumps After Named "Bullish Fresh Pick" & AMZN/FTC Lawsuit

Rivian (RIVN) Stock Jumps After Named "Bullish Fresh Pick" & AMZN/FTC Lawsuit

The FTC alleges that Amazon (AMZN) maintains “monopoly power” strategies. AMZN responded saying, “If the FTC gets its way, the result would be fewer products to choose from, slower deliveries for consumers, and reduced options for small businesses… the opposite of what antitrust law is designed to do.” Caroline Woods discusses this along with Rivian (RIVN). RIVN shares jumped after being named a “bullish fresh pick” at Baird. The Baird analyst expects that the company will beat consensus on 3Q deliveries. Tune in to find out more about the stock market today.

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26 Sep 2023

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