Chasing the Amazon-Backed EV Would Be a Big Mistake and More Advice to Survive Next Week

Shah Gilani Nov 05, 2021

Rivian… A new electric vehicle (EV) company that’s been making waves in the news this week after Amazon.com Inc (Nasdaq: AMZN) revealed tremendous support for the company.

AMZN already has a 20% stake in Rivian Automotive, turning it into a meme stock before it even goes public. Analysts are expecting the IPO stock price to be $57 to $62

And that’s got me skeptical about this stock’s quality.

Don’t get me wrong, I love the EV space. I love AMZN. But when a company gets a $54.6 billion valuation without showing the profits to back that number up? We’re looking at what could turn into an over-valuated mess.

In today’s BS.H, I tell you how to handle this new meme stock and many others. Click the video below to watch.

 

I hope you have a great weekend. See you on Monday.

Cheers,

Shah

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