Stock Market Today, May 1: Rivian Falls After Investors Focus on Cash Burn Despite Beating Q1 Expectations
Rivian Automotive (NASDAQ:RIVN), which develops and sells electric pickup trucks and SUVs, closed Friday at $15.02, down 8.41%. The stock moved lower as investors reacted to Q1 results. The company updated R2 production and funding plans, but concerns continue about cash burn and EV demand. Investors will closely watch execution of the R2 ramp and Rivian’s autonomous driving initiatives.
Read MoreWhy Sandisk Stock Was on Fire This Week
Key Points
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The company more than tripled its fiscal third-quarter revenue.
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It’s taking full advantage of very strong demand for storage solutions.
Sandisk (NASDAQ: SNDK) was quite a star on the stock exchange over the past few trading sessions,
» Read more about: Why Sandisk Stock Was on Fire This Week »
Read MoreCharles Schwab CEO on financial literacy: Investing can make a real difference in your life
The AI Boom and the Future of Investing
In this episode of Motley Fool Money, Rule Breakers strategy senior vice president Brian Richards sits down with Morgan Housel, bestselling author of The Psychology of Money, Same As Ever, and The Art of Spending Money, for a conversation about how the AI boom is intersecting with human psychology and investing.
» Read more about: The AI Boom and the Future of Investing »
Read MoreNasdaq Index and S&P500: Tech Stocks Rebound as US Stocks Battle Oil and Rate Uncertainty
A trade through 24889.37 will signal a resumption of the uptrend. There are no upside targets but we will be monitoring for any signs of selling pressure like a daily closing price reversal top.
The index broke a short-term pivot at 24544.19 earlier in the session, but the follow-through move was weak with the market stopping at 24491.83 before rebounding to 24762.20.
Read MoreThe Burst
Why Rivian’s Stock Is Suddenly Popping
Shares have ripped higher recently, and the reason has less to do with flashy announcements and more to do with something far more fundamental, Rivian is fixing the hardest part of the EV business.
On the surface, Rivian Automotive looked like it was catching its breath in 2025. No new models. No headline-grabbing unveilings.
» Read more about: Why Rivian’s Stock Is Suddenly Popping »
Read MoreThe Ivy
What’s Buffett Doing With Google Now?
Berkshire Hathaway stunned the market this quarter by initiating a multibillion-dollar position in Alphabet just months before Warren Buffett steps down as CEO.
While Berkshire trimmed its long-held Apple stake yet again, it bought almost 18 million Class A shares of Alphabet at just north of $200 per share, now worth over $5.5 billion.
» Read more about: What’s Buffett Doing With Google Now? »
Read MoreThe Spotlight
Costco’s Secret Profit Engine
Beneath the surface, Costco isn’t just about cheap gas, hot dogs, and fancy electronics, but the financial engine is far less obvious, and far more powerful than most casual shoppers realize.
If you’re thinking about buying Costco stock, understanding these three fundamentals could change how you see the company’s long-term investment case.
Key Points
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Annual fees generate the majority of net income,