Anyone investing heavily this year??
- Thread starter rph2005
- Start date
Exactly!
No reason to sell or panic.. im soo use to this market...and i only been in a few years now..unless you are in shit stocks...why leave..shitted buy more if you can
... or like most days I just do nothing. I'm not agile enough for anything too complicated anyway. Just try to park money a few times a month in good companies like you said, and let it ride.
Yep, new highs in the next 4-6 weeks
Rivian Automotive guides for modest gross profit in Q4
Rivian Automotive (NASDAQ:RIVN) traded slightly higher on Tuesday after reporting Q2 results and updating on its 2024 outlook. Revenue rose in Q2 to $1.16 billion, but gross profit losses increased year-over-year primarily due in part to a reduction in average selling prices, accelerated depreciation, and less efficient absorption of labor, overhead, and depreciation associated with lower volume as a result of direct downtime from the plant retooling upgrade partially. Those factors were offset by increased vehicle deliveries and reductions in materials costs.
The company announced that it produced 9,612 vehicles at its manufacturing facility in Normal, Illinois during Q2 and delivered 13,790 vehicles during the period. The electric vehicle maker noted that production and delivery results during the quarter were in line with the company's own expectations.
Total operating expenses in the quarter increased to $924 million from $873 million a year ago. Adjusted EBITDA in Q2 was -$860 million vs. -$892 million consensus and -$861 million a year ago. Gross profit per unit delivered improved sequentially to -$32,705. Capital expenditures were $283 million, compared to $255 million a year ago.
On the balance sheet, Rivian Automotive (RIVN) had a cash position of $7.87 billion at the end of the quarter. The cash position includes $1 billion of an unsecured convertible note issued to Volkswagen International America in association with the announcement of the planned joint venture with Volkswagen Group. The remaining $4 billion of potential incremental investment from Volkswagen is subject to the completion of the definitive agreements, the achievement of certain milestones, and the receipt of regulatory approvals. Including the capacity under RIVN's asset-based revolving-credit facility, the company ended the quarter with $9.18 billion of total liquidity.
"We made significant progress driving greater cost efficiency, enhancing our products, further strengthening our balance sheet, validating the differentiated nature of our technology stack, and establishing new business opportunities. We believe the introduction of the second generation R1 and expected partnership with Volkswagen Group1 will fundamentally improve Rivian’s long-term profit trajectory and growth profile. The technical workstream to prepare the integration of Rivian electrical architecture and software technology stack into Volkswagen Group products is moving along very well."
Looking ahead, Rivian (RIVN) noted that it took significant steps towards its profitability targets through some of the changes the company made to the R1 platform. Rivian (RIVN) expects to start seeing the impact of those changes in the second half of the year and expects to reach a modest gross profit in Q4 of this year. For the full year 2024, Rivian (RIVN) management reaffirmed guidance for annual production of 57,000 total vehicles. RIVN also anticipates full-year adjusted EBITDA of -$2.7 billion and capital expenditures of $1.2 billion.
Shares of RIVN fell 3.75% in the postmarket session after gaining 1.30% during the regular session. Short interest on RIVN stands at 12.8% of the total float. Rivian Automotive (RIVN) will hold an earnings conference call at 5:00 p.m. Elsewhere in the EV sector, Tesla (TSLA) was up 0.9% on Tuesday, while Lucid Group (LCID) moved 3.0% higher.
Rivian Automotive guides for modest gross profit in Q4
Rivian Automotive (RIVN) reported Q2 results, with increased revenue but higher gross profit losses.
seekingalpha.com
Same. Might gamble with options during ERs, but nothing serious.
Japan's benchmark Nikkei 225 index soars more than 10% after plunging a day earlier
The gains followed sharp losses on Wall Street that were not on the same scale as Monday's losses in Tokyo.
apnews.com
Blue Ocean CEO is done
And why in God’s name would you invest in shit stock? Would you invest in shit water? Would you purchase shit food? So why the hell would you buy a garbage ass company? If I can buy Shake Shack, why would I buy McDonald’s? I’m not saying I don’t have shit positions, but those positions were an actual gamble.
The majority of my stocks have a dividend.
Rocket Lab reports Q2 Investors Report
Presentation
My favorite highlights:
Archimedes has completed hot fire testing and new engines are already in production
Neutron is now scheduled for mid 2025
Launch pad and infrastructure in VA are progressing
M&A targets are still being analyzed. Any acquisition will be to fill gaps in vertical integration and revenue potential.
Presentation
Code:
https://s28.q4cdn.com/737637457/files/doc_financials/2024/q2/FINAL-Rocket-Lab-Q2-2024-Earnings-Presentation.pdfMy favorite highlights:
Archimedes has completed hot fire testing and new engines are already in production
Neutron is now scheduled for mid 2025
Launch pad and infrastructure in VA are progressing
M&A targets are still being analyzed. Any acquisition will be to fill gaps in vertical integration and revenue potential.
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Has the Long Friendship of Bill Gates and Warren Buffett Reached Its Final Act?
Growing tensions between the two billionaires, over issues both substantive and stylistic, have roiled the world of philanthropy.
Sounds good to me... Thanks the update.
Rivian And Lucid Show That Wealthy Backers Are The Only Chance For Survival Of EV-Only Companies
The latest earnings reports from Rivian Automotive (NASDAQ: RIVN) and Lucid Group Inc (NASDAQ: LCID) made two things clear. The first is that pure play EV makers are continuing to struggle, burning a ton of cash along the way. The second is that having wealthy backers makes the difference...
CrowdStrike Faces a Potential Tsunami of Lawsuits. Only the Fine Print Can Save It, Experts Say
After crashing millions of computers and disrupting businesses across the globe, cybersecurity company CrowdStrike must protect itself against a flurry of legal activity that is already beginning. The devil will be in the details.
Tom Girardi and the ‘Real Housewives’ Trial of the Century
The personal injury lawyer was made famous by Erin Brockovich and infamous by a divorce that played out on Bravo. As his federal fraud trial gets underway in Los Angeles, the attorney who blew the whistle on him describes how he came to see the saga as “significantly worse than what Bernie...
Everything to Know About Tom Girardi’s Embezzlement Trial
Is Erika Jayne going to be called to testify?
www.vulture.com
A 'Real Housewives' Star's Husband Is On Trial For Allegedly Embezzling Millions
The high-powered personal injury lawyer bankrolled his wife’s lavish lifestyle — but prosecutors say he stole $15 million from his vulnerable clients.
I have good knowledge of a DoD contractor with over 20k employees that uses CrowdStrike. Their systems were affected, but were back online within a few hours. This was due to good disaster recovery (DR) policies, backups, patch management and knowledgeable Admins. Several of these companies that suffered long outages most likely have antiquated infrastructure and poor DR.CrowdStrike Faces a Potential Tsunami of Lawsuits. Only the Fine Print Can Save It, Experts Say
After crashing millions of computers and disrupting businesses across the globe, cybersecurity company CrowdStrike must protect itself against a flurry of legal activity that is already beginning. The devil will be in the details.www.wired.com
Yea, Crowdstrike's QA process is to blame for the issue, but I don't see these companies being made whole via these lawsuits. CrowdStrike admitted their errors, but will argue they offered assistance, but the companies were not agile enough to take advantage.
*I could be wrong though. Judgements are a toss up these days.
yea these lawsuits could be tricky, crowdstrike has to play it just right so they can continue to do business with the companies long term. If not these companies will be switching to someone else.
True. There are pro and cons to switching to companies or products that will say anything during AoAs. If they do switch out, I hope they vet the product as well as their support well.
An interest rate cut is coming. Here's what to do with your money beforehand.
Don’t let stock market turmoil and a slowing economy scramble your planning as borrowing costs get set to fall, financial experts say.
www.nbcnews.com
Whatever dreams I thought I had went up in smoke.
Do you own any shares?
their stock has been worthless for the past 3 years.
Yes, I plan on having 2,000 shares by year end.
I'd use stagnant over worthless.
Yes, I plan on having 2,000 shares by year end.
I'd use stagnant over worthless.
I'm tryna get up there too (about 650 atm). DCAing so the price action is cool with me while I'm slowly still trying to build a position.
It's def a spec, but I think the company is interesting and don't mind throwing the money in their direction. It's not for everybody.
Yes, I plan on having 2,000 shares by year end.
I'd use stagnant over worthless.