Rivian Automotive is navigating a challenging landscape as its 2025 outlook falls short of expectations. Analyst John Murphy regards Rivian as "one of the most viable" electric vehicle startups, but the company contends with growing competition and a slowdown in EV demand. Additionally, Rivian's shares could face further pressure from a potential reduction in U.S. EV incentives.
Meanwhile, Nike saw its shares rise by 2% after Jefferies upgraded the stock from hold to buy. This positive shift comes as Nike continues to demonstrate strong market performance. In contrast, Palantir Technologies experienced a significant downturn, with its shares dropping 14.9% last week—the steepest weekly drop since January. The decline extended this week, with shares falling over 3% amid worries that retail investors might be pulling out of the AI-focused company.
Domino's Pizza reported fourth-quarter results that missed analysts' expectations, resulting in a share drop of more than 3%. Conversely, Berkshire Hathaway's Class B shares rose over 1% in premarket trading. The increase followed an announcement that the firm's operating profit surged by 71% to $14.5 billion.
In the pet food sector, Freshpet's shares jumped 4% after Jefferies upgraded the retailer to buy from hold. Freshpet is forecasted to compound sales by 23% by 2027, reflecting confidence in its growth trajectory.
Robinhood added around 2% to its share value after the U.S. Securities and Exchange Commission dismissed its investigation into the company's cryptocurrency segment. This development alleviates some regulatory pressure on Robinhood and bolsters investor sentiment.
Alibaba continues to assert its leadership in the artificial intelligence cloud market. Analyst Gary Yu highlighted Alibaba's poised position for sustained success in this rapidly evolving sector.
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