Opinions
Jim Cramer - Mad Money
Canoo
GOEV-Q
BUY ON WEAKNESS
Jan 04, 2021
The EV space got hammered in today's sell-off (after a strong run-up last month). Buying opportunity. He would buy at $12 now.
$12.500
Stock price when the opinion was issued
Automotive
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DON'T BUY
In their December SPAC merger, they told the world they were focused on consumer cars and a subscription to sales model and to sell their modular technology to third parties. Last month, they ditch the entire plan. Then the CFO stepped down. Even worse, Canoe was hyping its Hyundai connection to develop an all e-car platform, but have since dialed that down this partnership. The stock has sunk from $15 to $9.
Automotive