📈 Stocks / Finance

TSLA, RIVN, or LCID: Which U.S. EV Stock Is the Top Pick?

Nasdaq

In the competitive EV market, Tesla, Rivian, and Lucid face challenges with demand and profitability. Despite a 40% drop in stock since 2021, Tesla remains a strong contender with new AI and robotics ventures, including a Robotaxi launch on October 10. Rivian shows promise with plans to scale production, but Lucid struggles with high losses and an unsustainable luxury market focus.

Exxon Stock Valuation Declared 'Extremely Cheap' by Investor Stephanie Link

CNBC

Investors are closely watching small-cap and value stocks after a recent Federal Reserve rate cut. Stephanie Link from Hightower believes that while market volatility will continue, the economy is improving, leading her to remain optimistic. Reanne Mitrione notes a significant 10% performance gap since July 10 between growth and value stocks, suggesting small caps could benefit most from lower rates. Link sees Exxon as a great investment opportunity, trading at 14 times forward earnings, especially after its recent acquisition of Pioneer Natural Resources, aiming for a 10% growth rate by 2027.

Tempur Sealy Sells 176 Stores to Facilitate Mattress Firm Takeover

Retail Touchpoints

Tempur Sealy International plans to sell 73 Mattress Firm stores and its 103 Sleep Outfitters locations to Mattress Warehouse as part of its $4 billion acquisition of Mattress Firm, which the FTC is challenging. This move is intended to satisfy the FTC's concerns about competition and pricing.

Hearings on the acquisition are set to begin on November 12, 2024, and Tempur Sealy hopes to finalize the deal by late 2024 or early 2025. Despite the challenges, Tempur Sealy will keep selling its products to the stores they are selling.

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🌎 Global Economy

Flash eurozone PMI top five takeaways: Heightened risk of economy facing hard landing

S&P Global

In September, eurozone prices for goods and services increased at the slowest pace since February 2021, indicating a reduction in inflation. However, economic growth has also slowed, with both manufacturing and service sectors reporting falling output and weakening demand. The flash PMI data suggests a rising risk of a "hard landing" for the eurozone, where inflation control efforts might be pushing the economy into a downturn.

Inflation is Slowing, But Americans Remain Unsure

barchart

The Federal Reserve has cut interest rates, declaring progress in fighting inflation. Though inflation is near the Fed's 2% goal, many Americans are still concerned about high prices. As incomes rise and prices slow, some experts believe people will adapt and become more optimistic.

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