If I Could Buy 1 Auto Stock, This Would Be It
Investors often overlook the automotive industry due to its capital-intensive business, but discarding the entire industry will throw away some fantastic long-term opportunities. For example, has qualities unlike any other automaker, Tesla is the only automaker profitably making electric vehicles (EVs), and General Motors might end up with the industry leading robotaxi service thanks to its Cruise company.
All that said, if I could buy one auto stock it would be Rivian Automotive (NASDAQ: RIVN). Here's why.
In wise words from famous investor Warren Buffett, savvy investors are often greedy when others are fearful, and one glance at Rivian's stock performance since its initial public offering (IPO) might tell you it's time to be greedy.
Source Fool.com
Ferrari NV Stock
We see a rather positive sentiment for Ferrari NV with 14 Buy predictions and 1 Sell predictions.
As a result the target price of 412 € shows a slightly positive potential of 3.05% compared to the current price of 399.8 € for Ferrari NV.
