Should You Buy Rivian Stock Before July 30?
Rivian is beating expectations with production and deliveries, but larger issues loom.
Overview
Rivian Automotive (NASDAQ: RIVN) will next report earnings post-market on Thursday, July 30. Shares in the electric vehicle (EV) company have traded sideways in recent months. Will this upcoming event drive the next big move for shares?
I wouldn't bet on it. After all, Rivian already reported delivery numbers earlier this month for the preceding quarter. Barring major changes to guidance or the company's efforts to scale up production of its lower-priced R2 line of vehicles, it's questionable whether earnings represent a turning point for this electric car stock.
Details
That said, for long-term growth stocks like this one, it's best to stay focused on the big picture, rather than near-term volatility.
Source
Originally published at www.fool.com.