🛞 Rivian needs to step on it

Rivian’s got a problem with speed | Lowe’s predicted a slump this year | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for March 2nd in 2:52 minutes. 🤖 Capitalizing on artificial intelligence still takes some old-school human smarts. So join WisdomTree’s Christopher Gannatti for [What Will Be The Next Big Thing In Artificial Intelligence?]( on March 22nd, and discover the three AI trends every investor should be watching. [Get your free ticket]( Today's big stories - EV upstart Rivian delivered some pretty undercharged results - Goldman Sachs picked hedge funds’ 50 favorite stocks – [Read Now]( - Lowe’s gave a frail outlook for the year, joining the doom-and-gloom retail club Slowing In The Fast Lane [Slowing In The Fast Lane] What’s Going On Here? EV upstart Rivian [reported]( some plodding, underpowered results this week. What Does This Mean? Folks thought Rivian was gearing up for a road race with Tesla back in 2021, when the firm landed the sixth biggest listing ever on the US stock market. But since then, chronic parts shortages have plagued production and trimmed the EV maker's wings. What’s worse, last year’s missed production targets seem to have knocked the firm’s faith in the future too: the 50,000 EVs it plans to make this year would double 2022’s total, sure, but that’s still miles below analysts’ predictions. To top it all off, the company's third recall in under two years seriously rattled investors – sinking its stock by 8%. Why Should I Care? Zooming in: Sleight of hand. The report contained another big red flag: Rivian had nothing to say about the number of drivers pre-ordering its trucks, which it typically reveals every quarter. That could be a ploy to conceal plummeting demand, with either the weakening economy or the long wait for the firm’s EVs to blame. Either way, Rivian needs to get its house in order: competition in the EV space is heating up, and customers won’t hesitate to snag a Ford or GM instead. For markets: Take me back. Rivian was the second-worst performer in the entire Nasdaq 100 index last year, suggesting that investors have been fed up with the firm for a while. And to rub salt in that wound, it seems they're running back to a richer ex: Tesla, the OG of the EV game, which actually turns a profit. Tesla’s shares have already jumped 90% this year, and analysts reckon the “clear leader” of the EV transition might rally even further. You might also like: [Here’s what Tesla’s stock might actually be worth.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Slowing In The Fast Lane&utm_campaign=daily-global-02-03-2023&utm_source=email) Analyst Take Goldman Report Reveals Hedge Funds’ 50 “VIP” Stocks [Goldman Report Reveals Hedge Funds’ 50 “VIP” Stocks]( By Luke Suddards, Analyst For all the turmoil and downswings in markets last year, hedge funds held up [astonishingly well](. They dipped just 4%, compared to the S&P 500’s 18% tumble. What’s more, this group’s [“VIP” list of 50 stocks]( has already turned in a double-digit return this year. That makes the latest [Goldman Sachs global hedge fund report]( particularly important reading. So, that’s today’s Insight: [here’s how hedge funds are investing now – and how you can copy what they’re doing.]( [Read or listen to the Insight here]( SPONSORED BY BABBEL Speak a new language in just three weeks …And do it all without picking up a single old and tired textbook. Instead, learn the phrases you’ll actually use with Babbel’s [bite-sized 10-minute online lessons](. You can even [mix up your journey]( with podcasts, games, videos, articles, and live online classes. That’s a tried-and-tested method: Babbel users can hold basic conversations in a new language after just three weeks of daily practice. (The [high-tech pronunciation practice tool](likely helped.) You’ll learn more than a new language, mind you. Babbel’s holistic approach means you’ll [pick up on important cultural differences]( and [real-world tips and tricks]( along the way too. If you [subscribe today, you’ll get 55% off]( – now that’s the real language of love. [Check Out Babbel]( The Highs and Lowe’s [The Highs and Lowe’s] What’s Going On Here? Home improvement retailer Lowe’s [gave]( a worrying results lowdown on Wednesday. What Does This Mean? Lowe's was laughing all the way to the bank this time last year, as a red-hot housing market spurred folk to reach for their toolboxes and spruce up neglected pads. But today it's a different story: cash-strapped shoppers are spending whatever money they can scrimp together on experiences like entertainment and travel – not patio furniture and paint. That meant that Lowe’s same-store sales dropped 1.5% last quarter, despite a few bright spots like increased sales to tradespeople and strong orders online. In fact, the only thing that saved Lowe's from a dip in overall revenue was the fact that the quarter was a week longer than the same one the year before. Why Should I Care? The bigger picture: Feeble retail. Things only got worse from there for Lowe's shareholders, with the full-year sales outlook coming in well below expectations – mirroring forecasts by rival Home Depot. But hey, at least Lowe’s investors weren’t short of company, especially since Kohl’s and Dollar Tree shared some dismal outlooks and flailing quarterly results of their own on Wednesday. Put it together, though, and that’s a worrying trend: if retail’s this weak when consumer spending is still [holding up](, then who knows what a recession might do to it. Zooming out: Homesick. It's not just demand for home improvement that's slipping: buying a home isn’t appealing to folk right now either. Data out earlier this week showed that US house prices [tumbled]( for the sixth straight month in December, and it’s not hard to see why: first-time buyers are daunted by rising borrowing costs, and current owners, who’ve already locked in low mortgage rates, are pretty happy to stay put. You might also like: [Housing-related stocks look to be on solid ground.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=The Highs and Lowe’s&utm_campaign=daily-global-02-03-2023&utm_source=email) 💬 Quote of the day “To love oneself is the beginning of a lifelong romance.” – Oscar Wilde (an Irish poet and playwright) [Tweet this]( Meet your future community Let’s face it, even the best brands need a little push to [reach the right audience](. Our [one-million-strong community of modern investors]( is clever, clued-in, and keen to learn. In short, they’re exactly the type of folk you want to reach. So whether you’re an established brand, scaleup, or startup, [our promotional campaigns]( can help you reach the right audience at the right time. Your tailored campaign will make the most of all the Finimize channels, including live event and Summit showcases, social media blasts, and curated newsletter placements – [yup, right here](. Introduce yourself to your future community with Finimize. [Get In Touch]( 🌍 Finimize Live 🥳 Coming Up Soon… All events in UK time. 💸 [How To Pick Winning Exchange-Traded Funds](: 5pm, March 7th 🌥 [Do Recessions Have A Silver Lining?](: 5pm, March 8th 🌎 [Three Ways Long-Term Investors Can Act On Climate Change](: 12pm, March 21st 🚀 [What Will Be The Next Big Thing In Artificial Intelligence?](: 1pm, March 22nd 🎯 On Our Radar - Paying P Diddy his dues. Here’s how the rapper [reinvented the remix](. - Don’t worry about a thing. These simple tricks can help you [interrupt your anxious thoughts](. - AI therapist. Folks are exploring whether artificial intelligence can [treat mental health issues](. - The boring twenties. This could be the worst time ever to be [a twenty-something](. - Home Depot dating. [Find love]( amid doorframes, paint tins, and bathroom tiles. ❤️ Share with a friend Your Referrals: 0 Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. 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