RIVN beats estimates, still warns of doom

Tricky environment remains for EVs ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ We're all finding ourselves getting used to the absurd. There was a time when a three-quarters of a point interest rate increase would be a shocking, cataclysmic event. Now, it's more or less what we are expecting the next time the Fed makes an announcement. Similarly, it wouldn't have been long ago when gas declining below $4.00 a gallon would be something that would engender horror, not celebration... But drivers around the country are celebrating (as is the Biden Administration) because the national average for gas is below that mark for the first time since early March. Despite the decline in gas prices, energy companies are still bringing in strong returns on what was a mixed day on Wall Street. Devon Energy Corp (DVN) was up 7.38%. Marathon Oil Corporation (MRO) was up 7.08%. Occidental Petroleum Corporation (OXY) was up 4.52%. While experts are pondering whether the market has hit bottom, energy stocks were seen as having peaked not long ago. Yet that's not the case. Be wary of any overall narrative that tries to summarize the entire market. There are always opportunities - no matter what the circumstances, what the policymakers say, and what the so-called experts claim. I've got more on this below. Keep Moving, Any strategy that makes you money consistently is worthwhile. Though many new traders believe that trading is primarily about indicators and tools, Chris maintains that it is at least 95% about emotional control. This is especially relevant in this bearish, choppy market which has made the trading world extremely difficult. Learn some pro tips to come back from your losses and stay in the game. [CLICK HERE TO WATCH]( WORD ON THE STREET SEC After Melvin, Garland Approved Trump Raid, RIVN Expects Loss - "I Personally Approved The Decision To Seek A Search Warrant" - That was Attorney General Merrick Garland on the shocking FBI raid on the Mar-a-Lago home of former president Donald J. Trump. "The department does not take such a decision lightly," he said. He added that the Department of Justice is applying the law "without fear or favor." - Revenge Of The Reddit Traders – Melvin Capital Management was one of the main targets of retail traders participating in the meme-stock craze. Now, the SEC is looking into the company's risk controls. The SEC is reportedly investigating whether Melvin provided sufficient information to its clients about its possibly risky strategies. Melvin Lost A Reported $6.8 Billion in January 2021 - Red Scare – Whole Foods CEO John Mackey isn't keeping his political opinions to himself. In a recent interview, he said that he feels like "socialists are taking over." "They're marching through the institutions," he complained, claiming that education, the military, and "a lot of the corporations" have already fallen. - Good News And Bad News For RIVN - EV maker Rivian Automotive (RIVN) beat second-quarter revenue expectations, but had a grim prediction for the remainder of the year. It now predicts its full-year adjusted loss to come in at a whopping $5.4 billion, up significantly from the $4.75 billion it predicted in May. A billion here and a billion there and eventually you are talking real money. "3-Pillar" strategy spots a 108% surge in just 4 days... RapidFire is on fire — with new trades are on the verge of exploding soon! [Click here to learn more](. HOT SPOTS: What's Going on in Geopolitics - Russia Running Out Of Soldiers – Traditionally, the one thing the Russian military has never run out of is soldiers. But times have changed and Moscow is having a hard time finding the manpower to staff its invading armies. According to a report from St. Petersburg, defense officials have been reduced to raiding the prisons, offering detainees the choice between staying in jail or joining the military. Still, it should be noted that Russia has yet to declare war or fully mobilize its troops. - America Scrambling To Update Nuclear Arsenal – Now facing significant challenges from great powers Russia and China, the Defense Department is finding itself behind the times when it comes to planning for nuclear warfare. STRATCOM head Admiral Chas Richard said the United States is not only scrambling to recover from post Cold War neglect, but also figuring out how to respond to a truly unprecedented situation. "We have never faced two peer nuclear-capable opponents at the same time, who have to be deterred differently," he said.  - Taiwan Warns Of Invasion Danger - Ambassador James Lee of Taiwan warned that China is undertaking a systematic diplomatic effort to prepare the way for a "possible invasion." "We will not surrender our freedom," he said. He added that China's "coercive measure" will only strengthen Taiwan's determination to "safeguard our democratic life." CUTTING EDGE: What[']( Happening In Tech - Mark Cuban Ensnared In Voyager Lawsuit - Disgruntled customers of Voyager Digital have filed a class-action lawsuit against Mark Cuban and the Dallas Mavericks over the collapse of the crypto platform. They allege that their promotional efforts on behalf of Voyager led to investors losing a collective $5 billion. - CDC Eases COVID-19 Guidance – The Centers for Disease Control and Prevention no longer reccomends testing in schools and reports that COVID-19 now poses a far lesser threat of severe illness and death. "This guidance acknowledges that the pandemic is not over, but also helps us move to a point where COVID-19 no longer severely disrupts our daily lives," said CDC epidemiologist Greta Massetti. - Facebook Not Cool Anymore - I mean, we all knew that, but now we have the numbers to prove it. A Pew Research Center study found just 32% of teens aged 13-17 use Facebook. That's a cataclysmic decline from 2014-2015, when the figure was 71%. Facebook's own internal reporting, as leaked by whistleblowers, confirms these findings FOR YOUR CONSIDERATION OPEC is now calling for lower demand-growth for the rest of the year and legislation is changing up the face of energy… Does this mean the oil trade is over for energy bulls? For now, maybe… companies have been dominating the markets over the last few months. The Russian invasion of Ukraine has changed everything for this sector. But now with prices falling and a possible recession dragging down demand, have things changed? Corey breaks it down. [OPEC FORECAST JUST CHANGED... LOOK HERE INSTEAD]( Enjoying Dawn Report? Learn something, made some money? SHARE YOUR STORY WITH US OR TELL US HOW TO SERVE YOU BETTER. Let us know at info@rogueinvesting.com You’re receiving this email because you're signed up for alerts from Dawn Report. Make sure to keep them coming by [whitelisting Rogue Investing](. Copyright © 2022 Rogue Investing. All Rights Reserved. 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