![]() ![]() Looking at the short term, since November of 2020, the share price has risen by around 193%, after peaking at nearly 240% in mid-August of 2021. ( NYSE: CLF) may be the unlikeliest of meme stocks. Iron-ore mining and steel producing firm Cleveland-Cliffs Inc. More questions than answers lead to uncertainty and that is always a loser to investors. Did Rivian lose out on an upsized order? Amazon is an investor in Rivian and would no doubt like to see its share price rise, not fall. ![]() Building on the current relationship and as part of the long-term agreement, Stellantis and Amazon will be putting thousands of BEV ProMasters on the road every year.Īmazon also has ordered 100,000 electric delivery vans from Rivian. Stellantis, with input from Amazon, designed the vehicle with unique last mile delivery features and Amazon will deploy the vehicles to routes across the United States. ( NASDAQ: RIVN) also traded down more than 7% earlier in the morning, following an announcement from Amazon and Stellantis that the two companies have signed several multiyear agreements “that will transform the in-vehicle experience for millions of Stellantis customers and advance the mobility industry’s transition to a sustainable, software-defined future.” Here is the money quote:Īs part of a separate agreement with Stellantis, Amazon will be the first commercial customer for Stellantis’ new Ram ProMaster Battery Electric Vehicle (BEV) launching in 2023. Why isn’t $GME bouncing off the crayon line I drew this morning?” No mercy.Įlectric truck and van maker Rivian Automotive Inc. Here’s a typical comment from WallStreetBets: “I don’t understand. Neither GameStop nor AMC is generating much enlightenment. ( NYSE: GME) retreated by around 7%, also on no specific news. ( NYSE: AMC) traded down by about 8% in the noon hour on no specific news.Īnother OG meme stock, GameStop Corp. One of the OG meme stocks, AMC Entertainment Holdings Inc. ![]() Meme stocks, too, mostly traded lower, because they are largely considered growth stocks in any normal sort of analysis. The 10-year/two-year spread narrowed by around two basis points to 0.87 since early in the morning. The yield on 10-year Treasuries was around 1.68% in the noon hour, while the two-year yield was about 0.81%. Bitcoin was essentially unchanged at $46,330. ![]() EIA’s report of declining oil inventories accompanied by rising gasoline stockpiles. Department of Labor’s monthly report is due Friday, and economists are also expecting an added 400,000 jobs, nearly twice the November total.Ĭrude oil leaped to around $78.50 a barrel following the U.S. Private sector jobs rose by 807,000 in December according to ADP, more than double the economists’ consensus estimate of 400,000. Among the 11 market sectors, materials (up 1.8%) and energy (up 1.5%) were leading, while real estate (down 1.8%) and technology (down 0.9%) lagged. stock markets traded mixed in the noon hour Wednesday on slightly lower than average volume. ![]()
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