Opinions
Jim Cramer - Mad Money
Lucid Group
LCID-Q
BUY
Nov 12, 2021
They report Monday. They're due for a re-evaluation, given Rivian's monster move up this week. It's one of the companies ushering the end of the combustion-engine vehicle.
$43.930
Stock price when the opinion was issued
Automotive
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SELL ON STRENGTH
The current EV rally Does this EV rally have staying power or is this like 1999? Tesla is driving this rally and everyone wants to own the next Tesla. You're betting on the momentum of these nascent EV stocks, years away from turning a profit, like Lucid. Remember that online Amazon was one of the few tech stocks from 1999 that survived and thrived. Suppose Tesla will be on the only survivor? Will Rivian? Remember to take profits on these nascent EV stocks--remember, hogs get slaughtered (out of greed). Sell half.
Automotive