Coverage of the electric-vehicle space is typically focused on battery EVs. Maybe plug-in hybrids are boring, or maybe people shy away from complicated cars that have two power systems for them to worry about.
But Ford Motor Co.
F,
is pushing hybrids for the long-term, as Claudia Assis explains.
This week Rivian Automotive Inc.
RIVN,
raised its production guidance for 2023 by 4% to 52,000 vehicles, after reporting that its second-quarter production had increased by 49% from the first quarter, as its vehicle deliveries rose 59%. But analysts have mixed opinions about the company’s shares.
In the Financial Face-Off column, Leslie Albrecht compares the long-term cost of owning an EV against that of owning a vehicle with a traditional combustion engine.
California regulators have decided to allow Waymo and Cruise to run an unlimited number of driverless taxis in San Francisco, to the chagrin of city officials, as Mike Murphy reports.
For investors, here are two screens of stocks in the EV and autonomous space:
- Rivian, Lucid and XPeng make the list of 20 EV companies expected to grow sales most quickly through 2025
- 20 EV stocks that are expected to soar at least 38%, even after this year’s rebound
Other EV and related industry coverage:
China and the global stock market
Government data from China showed that the world’s second-largest economy suffered a 14.5% decline in exports in July, as its imports declined 12.5%. Vivien Lou Chen explains what’s behind these numbers and how they affect investors’ behavior worldwide.
Ciara Linnane looks into a bond-interest-payment default by Country Garden, China’s largest property developer, which was reported by the Wall Street Journal. The default led to a downgrade of Country Garden by Moody’s to a deep junk rating on Thursday.
Read on: Nio and Alibaba shares sink, weighed down by Country Garden’s financial woes and downbeat China data
Avoid this financial mistake — come on, it will be easy.
Roll up your sleeves and sort through your stuff. Charles Passy explains the psychology behind the American hoarding habit and how it can help you go broke. Here’s what he learned about solving the problem.
A technical recipe for a stock-market decline
Joseph Adinolfi looks at a complicated set of options trades that have helped push the stock market higher this year. It centers on the “Magnificent Seven” companies that together make up 27% of the SPDR S&P 500 ETF Trust
SPY.
The seven are Apple Inc.
AAPL,
Microsoft Corp.
MSFT,
Alphabet Inc.
GOOGL,
GOOG,
Amazon.com Inc.
AMZN,
Nvidia Corp.
NVDA,
Meta Platforms Inc.
META,
and Tesla Inc.
TSLA,
Here’s how the unwinding of the options trades could wipe out most of this year’s 16% gain for the S&P 500.
More market warnings:
- Market bears are on the prowl and stocks are in danger
- Trading in risky ‘0DTE’ stock options hits record and could spark a stock-market selloff, strategists say
Where to find cheap stocks
The S&P 500
SPX
trades for a weighted 22 times consensus earnings-per-share estimates for the next 12 months among analysts polled by FactSet. Michael Brush lists 12 stocks in four industries that trade at less than half of that valuation.
Mark Hulbert: You can invest in market winners and still lose big. Here’s how to avoid the hit.
Help with retirement planning
This week in the Retirement Hacks column Alessandra Malito has advice on how to select a financial adviser.
Quentin Fottrell — The Moneyist — helps a 50-year-old couple that is well-prepared for retirement but is also facing a housing quandary.
Then he helps a 49-year-old man who has been financially responsible but worries about saving for retirement, but who may actually face a different problem, which Fottrell calls “doom-scrolling.”
A fascinating housing trend
In many areas of the U.S., the trend for decades has been for home builders to focus on building ever-larger houses because of higher profit margins. But this trend is now reversing.
More housing coverage from Aarthi Swaminathan:
Disney tries to stop losing money on streaming
Walt Disney Co.
DIS,
will raise prices for its Disney+ streaming service by as much as 27%, while also increasing prices for Hulu. Here’s the price breakdown.
So much competitive spending on new content is leading to a slew of new service combinations and price increases in the streaming space. Disney’s moves were announced along with results for its fiscal third quarter ended July 31, which included a 7% decline in Disney+ subscriptions from the previous quarter.
Reaction to Disney’s news:
Other streaming news:
- NFL+ streaming service raises prices, adds RedZone, NFL Network for 2023
- Max aims to launch new tier to stream live sports by October: report
Barbie the Conqueror
Quentin Fottrell explains how “Barbie” became such a success.
Read the full article here
