auto

3 Top Auto Stocks for 2022, According to RBC

We’re about to turn the page on the calendar, put 2021 behind us, and stride into the brave, new year of 2022 – and Wall Street’s prognosticators are busy scanning the stocks to find the winners and losers for next year’s markets. Whether it’s individual stocks, whole industry sectors, or some combination of both, the analysts are finding plenty of Buy-rated equities for investors to consider.

Take the automotive sector. Few industrials will present as many investment opportunities, both in 2022 and going forward; it’s an essential industry, and it’s in the midst of a sea-change as electric and alt-fuel drive technologies are expanding, and gasoline engines are falling out of social favor.

In coverage for RBC, analyst Joseph Spak sees the auto sector primed for a strong rebound post-COVID. He writes, “We believe the multi-year volume recovery backdrop driven by improvement in semiconductor and supply chain availability coupled with low inventories and improving schedule stability provides a solid backdrop for the suppliers.”

Spak acknowledges near-term volatility, of course. Semiconductor chips are still in short supply, and transport bottlenecks are still plaguing the industry, but consumer demand is rising, and credit should remain plentiful even if the Fed does implement a rate increase next year. All of this, in Spak’s view, adds up to a 2H22 weighting for improvements in automotive stocks.

Against this backdrop, the analyst is pounding the table on three auto stocks in particular, noting that each has the potential to deliver strong gains in the year ahead. We ran the names through TipRanks’ database to see what other Wall Street’s analysts have to say about them.

Rivian Automotive (RIVN)

We’ll start in the EV (electric vehicle) segment, with Rivian Automotive. This company, which has been in business since 2009, is working to develop a new platform to make efficient use of both the hardware and software sides of the emerging EV technology. The basic idea is to create a flexible chassis that includes a built-in electric drive system, with fittings for various battery units depending on need, and able to accept modification through body and seating installations.

It’s an ambitious plan. Rivian’s approach will support various vehicle types with a high level of parts interchangeability for ease of manufacture and cost control, while allowing customers to buy a strongly individualized vehicle. So far, Rivian has two vehicle models in prototype production development; their R1T is a light pickup truck, while their R1S is an SUV. Both use the common platform and can drive on- or off-road. The company has received approximately 71,000 pre-orders for the R1 from the US and Canada.

In addition to the two consumer-oriented models, Rivian is working in partnership with Amazon to develop an all-electric delivery van, optimized for urban environments. The initial order from Amazon will total 100,000 vehicles.

Rivian has been successfully raising funds in the past year, including a $2.65 billion funding round in January of this year and a $2.5 billion round in June.

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‘You stole my daughter’s cash:’ Watertown business enterprise proprietor confronts male who allegedly stole from her auto

Nov. 14—WATERTOWN — Darcey Wood, the proprietor of a salon on Coffeen Street, just lately received a instant lots of people today who capture a person stealing on video clip desire to working experience: the possibility to confront the alleged perpetrator.

East Key Avenue resident Michael J. Desormeau, 33, was charged by city law enforcement Nov. 4 with petit larceny, tried petit larceny and fourth-degree prison possession of stolen house.

A string of current daytime larcenies have underscored how essential it is to retain valuables out of autos and motor vehicles locked as the getaway year techniques.

It started off, at least, at Sassy’s Salon and Spa on Friday, Oct. 29. The salon operator, Ms. Wooden, received surveillance footage of a gentleman, allegedly Mr. Desormeau, getting into her unlocked car in the parking whole lot and stealing $50 of her daughter’s dollars in the middle of the working day.

She posted photographs of the alleged thief on her Fb web site, and it was shared by hundreds of people today. She also noted that right after she shared surveillance pictures, an owner of a neighboring organization arrived to her and mentioned her wallet was stolen from her auto.

A working day following the Sassy’s split-in, a male approached a motor vehicle on Ten Eyck Road and broke into it. The boyfriend of the vehicle’s operator witnessed the break-in and confronted the person right before the assailant ran away. This occurred in the center of the working day as nicely, and town law enforcement say Mr. Desormeau is also suspected in that attempted larceny.

Metropolis police commenced on the lookout for Mr. Desormeau immediately after the Sassy’s larceny, and Ms. Wood’s Fb article continued to spread. Business owners in the region caught wind and stored an eye out. It took about 6 times before somebody observed the man who allegedly broke in and spoke up.

Shortly soon after noon on Nov. 4, Mr. Desormeau allegedly went to the Typical Keep on Bradley Road.

The owner of the Normal Retail outlet acknowledged Mr. Desormeau from the Facebook article and named Ms. Wood, who was operating at her salon at the time. He told her Mr. Desormeau was there.

“I flew in excess of there,” she reported. “Took me about 12 seconds.”

When she got there, Mr. Desormeau was outside by the nearby auto clean, having. She just watched him. Police arrived on scene soon thereafter, given that the proprietor had termed them, but Ms. Wooden nonetheless got to say what she preferred to him.

“I claimed, ‘You stole my daughter’s funds,'” Ms. Wooden recalled.

Police mentioned Mr. Desormeau was in possession of a number of credit score cards. A person belonged to Xanara Ruiz-Gowty, who later on described that her credit rating card was stolen the night time right before.

Ms. Wooden mentioned she almost certainly should not have kept dollars in her vehicle, but she also is aware of it’s typical. She and her daughter constantly return cans

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