Best trades on CNBC Monday: Cramer’s big tech plays, reopening winners, and retailer picks by the pros

Recap of the best stock picks on CNBC Monday Source link

What Cramer is watching in the market Monday, including a big tech trend emerging

Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles on Oct. 21, 2019. Patrick T. Fallon | Bloomberg | Getty Images (This article was sent first to members of the CNBC Investing Club with Jim Cramer. To get the real-time updates … Read more

Ford and Rivian cancel plans to jointly develop an electric vehicle

RJ Scaringe, Rivian founder and CEO, and Ford Executive Chairman Bill Ford announce a $500 million Ford investment in Rivian. Source: Ford Motor Co. DETROIT – Ford Motor and Rivian no longer plan to co-develop an electric vehicle, the companies confirmed Friday. The two companies initially announced development of a joint vehicle when the automaker … Read more

5 things to know before the stock market opens Wednesday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks steady after more retail earnings, near-record closes Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2021 in New York City. Spencer Platt | Getty Images U.S. stock … Read more

Backblaze takes opposite IPO route to Rivian, going public on small valuation and minimal funding

Gleb Budman, co-founder and CEO of Backblaze, center, appears in New York for the company’s Nasdaq debut on Nov. 11, 2021. Source: Backblaze Electric-vehicle maker Rivian Automotive, which has almost no revenue, dominated the headlines this week after raising close to $12 billion in its IPO and then watching its market cap swell past $105 … Read more

Goldman and VW-backed Northvolt produces battery cell with recycled nickel, manganese and cobalt

Krisztian Bocsi | Bloomberg Creative Photos | Getty Images Swedish battery firm Northvolt said Friday it had produced its first battery cell with what it described as “100% recycled nickel, manganese and cobalt.” In a statement, the Stockholm-headquartered company — which has attracted investment from Goldman Sachs and Volkswagen, among others — said the lithium-ion … Read more

Shares of EV start-up Rivian spike on second day of trading, market cap surpasses GM

Rivian R1T Field pickup Source: Rivian Shares of the electric vehicle start-up Rivian continued to climb Thursday, up more than 18%, one day after its public market debut. The Amazon– and Ford-backed company already surpassed both Ford and General Motors by market cap, reaching a valuation of more than $101 billion. That’s still far behind … Read more

Rivian prices IPO at $78 a share, valuing electric vehicle company at $66.5 billion

R.J. Scaringe, Rivian’s 35-year-old CEO, introduces his company’s R1T all-electric pickup and all-electric R1S SUV at Los Angeles Auto Show in Los Angeles, California, November 27, 2018. Mike Blake | Reuters Rivian Automotive, the electric vehicle maker backed by Amazon and Ford, priced its IPO on Tuesday at $78 a share, according to a person … Read more

Rivian raises IPO price range and could now be worth up to $65 billion

RJ Scaringe, founder and chief executive officer of Rivian Automotive Inc., unveils the R1T electric pickup truck, left, and R1S electric sports utility vehicle (SUV) during a reveal event at AutoMobility LA ahead of the Los Angeles Auto Show in Los Angeles, California. Bloomberg | Bloomberg | Getty Images Electric vehicle start-up Rivian Automotive raised … Read more

These are Goldman Sachs’ new favorite dividend-growing stocks

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 20, 2021. Brendan McDermid | Reuters Stocks climbed a wall of worry to record highs, but many on Wall Street believe easy gains are behind us. Investors seeking steady income may want to look at Goldman Sachs’ … Read more