Chasing the Amazon-Backed EV Would Be a Big Mistake and More Advice to Survive Next Week
Shah Gilani|November 5, 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.
[bc_video video_id=”6280322332001″ account_id=”4250799609001″ player_id=”hpkprVYKS6″ embed=”in-page” padding_top=”56%” autoplay=”” min_width=”0px” max_width=”640px” mute=”” width=”100%” height=”100%” ]
I hope you have a great weekend. See you on Monday.
Cheers,
Shah
Shah Gilani
Shah Gilani is the Chief Investment Strategist of Manward Press. Shah is a sought-after market commentator… a former hedge fund manager… and a veteran of the Chicago Board of Options Exchange. He ran the futures and options division at the largest retail bank in Britain… and called the implosion of U.S. financial markets (AND the mega bull run that followed). Now at the helm of Manward, Shah is focused tightly on one goal: To do his part to make subscribers wealthier, happier and more free.