Two markets should be on the radar of every investor.
As earnings results come out this month and an initial public offering from electric truck maker Rivian launches next week, the EV hype is likely to heat up further in November.
Supply chain constraints have raised concerns throughout the automotive market this year because, without the necessary raw materials and parts, particularly semiconductors, unfinished vehicles are left sitting waiting for components.
In these uncertain times, companies that best manage costs, optimize the resources available, and stay on the planned path toward growth will reward investors.
It also raised its full-year revenue guidance by 15%, and topped off its report with news of a reinstated quarterly dividend of $0.10 per share to take effect on Dec.
During the earnings call, Ford management stated that although supply constraints continue, the third quarter was better than the previous quarter in terms of resource availability.
Our kids may be more familiar with the metaverse than we are.
Microsoft announced earlier this week that it intends to expand on its Microsoft Teams package by developing metaverse technology for collaboration using 3D avatars that represent meeting attendees who are present but would rather not be on camera.
As advancements in technology take us into the future, demand will swell and revenue will be generated.
The average daily volume is at 300,000, while more recently it has seen daily volume exceeding 1 million shares on select days.
The intelligent EV market and the metaverse intersect in what has become a staple company and foundational portfolio stock: Apple .
When Apple came out with a miss on quarterly revenue at the end of October, management noted that supply constraints impacted the company at a cost of $6 billion.
So as the company generates more services offerings, and innovative technology progresses, the dust will settle from concerns over supply constraints and a revenue miss, and a clearer picture will emerge.
The S&P 500 average return is 1.57% in the month of November, with 29 of the past 40 Novembers being in positive territory, led by 2020 at 11.8% — the best November in history.