By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- U.S. stock futures were muted in early morning trading on Monday as investors prepared to start the week after the S&P 500 broke a five-week winning streak.
- CGI Merchant Group, a Miami-based investment firm, is in contract to acquire the hotel lease for the Trump International Hotel.
Market Snapshot
U.S. stock futures were muted in early morning trading on Monday as investors prepared to start the week after the S&P 500 broke a five-week winning streak.
$Dow Jones Industrial Average(.DJI.US)$ futures gained 86 points. $S&P 500 Index(.SPX.US)$ futures rose about 10 points and and $NASDAQ 100 Index(.NDX.US)$ futures were up 32 points.
Market Temperature
Read more: Market Temperature (11/15)
Top News
Economy week ahead: industry, consumers and inflation
Data out this week will show how economies are performing at the start of the fourth quarter.
On inflation surge, the Fed is running out of excuses
Investors still buy the story that inflation will go away on its own, but the risks are rising that it won't.
Democrats try to heal rifts, pass $2 trillion spending bill
House Speaker Nancy Pelosi appears to have enough votes to pass the education, healthcare and climate bill, but the tensions between centrists and progressives are a microcosm of a larger strain between the party's factions.
What does inflation mean for American businesses? For some, bigger profits
Executives seize a rare opportunity to raise prices. Nearly two out of three of the biggest U.S. publicly traded companies have reported fatter profit margins than they did before the pandemic; "a very unprecedented environment."
Trumps selling prized D.C. Hotel for $375 million
CGI Merchant Group, a Miami-based investment firm, is in contract to acquire the hotel lease for the Trump International Hotel.
Chip shortage sees manufacturers pitch lower-tech models
Makers of appliances and other products are adapting designs, shipping uncompleted units and focusing on older, lower-tech models because of the global shortage of semiconductors.
Airbus says it can't meet current demand for single-aisle jets
The European planemaker's sales efforts have been hindered by production capacity constraints for its popular A320 for the next three years. $AIRBUS SE(EADSY.US)$
Read More
NVIDIA gets a 49% price target boost before earnings. Why analysts are bullish?
Check out the winning tech giant for Q3
Most active stock options for Nov 15: stocks rallied on cannabis 'legalization'
Is selling shares the best choice for Elon Musk?
Number of people that walked on the moon will grow 'soon', Musk said
Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg

The rubber will meet the road in the electric vehicle sector over the next few years as production and sales numbers look to catch up to early valuations.
The EV push is industry-wide with $VOLKSWAGEN AG(VLKAF.US)$ , $General Motors(GM.US)$ and $Ford Motor(F.US)$ setting aggressive targets amid rising demand. The International Energy Agency predicts that consumers globally will be buying 25M electric vehicles a year by 2030 at an average price that is expected to fall dramatically to around $27K per vehicle. Finimize notes that multiplying those two numbers together derives a very rough market size of $675B for the electric vehicle market by 2030.
Even assuming a generous tech-like price-to-sales ratio of 5.5X means global electric vehicles sales of $675B should be worth about $3.7T to investors, observes Finimize's Andrew Rummer. That compares to some current lofty valuations on the books already for $Tesla(TSLA.US)$ at $1.07T, $Lucid Group(LCID.US)$ at $73B, $Fisker(FSR.US)$ at $6.2B, $Canoo(GOEV.US)$ at $2.0B, $Lordstown Motors(RIDE.US)$ at $1.3B, $Workhorse(WKHS.US)$ at $1.1B and now $Rivian Automotive(RIVN.US)$ at $105B. Those names account for about a third of the implied future global market share and would need to fend off Ford, General Motors, $Toyota Motor(TM.US)$, $NIO Inc(NIO.US)$, $XPeng(XPEV.US)$ and all the others from taking more than two-thirds market share to justify the current combined valuation.
Tesla is ahead of the pack in terms of deliveries and profitability, which leads New Street Research's Pierre Ferragu to say there is a way to make sense of the stock moves when looking at share price vs. the expected EPS a year out. "When it revises up, the stock gets towards 100x that. When it exceeds 100x, it corrects back. Looking at EPS two years ahead tells you where the stock may trade a year down the line,' he writes on the trend in the chart below.
With that in mind, here is where analysts think the EPS line is heading for Tesla in the years ahead.
That EPS check does not work yet work yet for Rivian Automotive, but Loup Ventures analyst Gene Munster has some thoughts.
"While Rivian's valuation is eye-opening, the path to it is understandable. I believe the spike is due to a combination of two things. First, Rivian's partners, which include Amazon and Ford, check a quality box for institutional investors that most public EV companies can't check. Second is the rise of theme investing, of which EVs are especially intoxicating to investors given the rise of TSLA, and to a lesser extent, LCID. Putting it together, it’s the fear of missing out that has further fueled the rise in RIVN shares."
Speaking of buzz and FOMO, a few catalysts to watch this week in the electric vehicle sector are Fisker's showcasing of the Ocean SUV at the Los Angeles Auto Show and the Motor Trend Car of the year awards with the 2022 Lucid Air a finalist. See a full list of all the catalysts to watch next week.

Rivian is going public on Wednesday, Nov.10th
join the discussion and post your thoughts!
$Rivian Automotive(RIVN.US)$ , the electric vehicle maker backed by $Amazon(AMZN.US)$ and $Ford Motor(F.US)$ , priced its IPO on Tuesday at $78 a share. The deal values Rivian at $66.5 billion.
Rivian is already worth almost as much as Ford ($79 billion) and General Motors ($85 billion). That’s all before the company has even started generating real revenue. $Lucid Group(LCID.US)$ is worth $72.5 billion even though the company just began production of its first cars. $Nikola(NKLA.US)$ ’s market cap was higher than Ford’s at one point last year before it's been accused to be a lie.
While Rivian is still effectively pre-revenue, the company said in its prospectus that it has a backlog of 55,400 pre-orders for its R1T and R1S electric vehicles. The company said it expects to fill those orders by the end of 2023. Additionally, $Amazon(AMZN.US)$ has ordered 100,000 vehicles to be delivered by Rivian by 2030, and the companies plan to have 10,000 new Rivian-Amazon delivery vehicles on the road as early as next year.
Even though Rivian and Lucid have delivered 0 vehicles to their customers. Investors are continuously trying to hop on "the next Tesla" at the early stage.
Join the Rivian IPO discussion now>>
Source:
Rivian prices IPO at $78 a share, valuing electric vehicle company at $66.5 billion