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For Immediate Release Chicago, IL – August 18, 2023 – Today, Zacks Investment Ideas feature highlights Chicago Mercantile Exchange CME, Nvidia NVDA, Microsoft MSFT and Tesla TSLA.

U.S. stock index futures edged lower on Friday after a three-day selloff on Wall Street, as evidence of a resilient U.S. economy spurred fears that the Federal Reserve would hold interest rates for longer than previously expected.

The stock market is up strongly this year with the help of multiple tailwinds, including cooling inflation, an easing of Federal Reserve interest rate hikes, and a resilient U.S. economy, among other things. So far in 2023, the S&P 500 index has gained nearly 15%.The Nasdaq C

Chinese electric vehicle (EV) maker XPeng ( NYSE:XPEV ) is set to report its second quarter Fiscal 2023 results on August 18, before the market opens. Analysts expect XPeng to report an adjusted loss of $0.30 per share on revenues of $693.18 million. In Fiscal Q2 2022, XPeng posted an adjusted loss of $0.43 per share on revenues of $1.11 billion. The smart EV maker has consistently underperformed analysts’ expectations in six out of the past eight quarters, and it could fail to surpass estimates again. The EV Sector Faces a Slew of Challenges The EV sector is already facing several headwinds owing to rising interest rates, supply constraints, and the price war started by rival Tesla ( NASDAQ:TSLA ). Meanwhile, the Chinese economy is showing signs of deflationary pressure, with both exports and imports facing challenges and consumer spending power diminishing. Amid the chaos, XPeng has been facing a slew of challenges of its own alongside stringent competition. Recently, Dr. Xinzhou Wu, Vice President of Autonomous Driving, resigned from his position, dragging down XPEV shares. The company even failed to impress with its July vehicle delivery numbers. Even so, the EV maker is hoping to improve its delivery average to 15,000 units in Q3 and 20,000 units in Q4. On the bright side, auto behemoth Volkswagen ( DE:VOW ) recently announced a $700 million investment in XPEV, gobbling up a 4.99% stake in the EV maker. Plus, both companies entered into a partnership to produce two B-class BEVs (battery electric vehicles) for the Chinese market. The news was received with open arms by Wall Street and was followed by a series of price target upgrades and revised views on XPEV shares. What is the Price Target of XPeng? On TipRanks, the average XPeng price target is $15.66, implying 2.1% downside potential. With seven Buys, four Holds, and three Sell ratings, the stock has a Moderate Buy consensus rating. Year-to-date, XPEV stock has gained 53.1%. Insights from Options Trading Activity TipRanks now presents options activity to help investors plan their trades ahead of earnings releases.  Options traders are pricing in XPEV stock to move by +/-8.08% after reporting earnings. Last quarter, the stock fell by 5.05% following the Q1-2023 results, which fell short of analysts’ estimates. The anticipated earnings move is determined by computing the at-the-money straddle of the options closest to the expiration after the earnings announcement. Key Takeaways XPeng is trying to bolster its EV deliveries despite macro challenges. However, it may take a while before the Chinese economy overcomes the current downtrend. The Chinese authorities are also considering imposing measures that will bolster the overall domestic demand and EV consumption. These dynamics leave Wall Street with mixed feelings, with analysts maintaining a measured optimism regarding XPeng's future performance. Learn more about TipRanks’ Options tool here. Disclosure

China's electric vehicle (EV) makers, which have raced past foreign rivals to top sales rankings at home, are arriving in Europe – and facing a new set of challenges.

Vietnamese electric-vehicle maker VinFast, which made a splash this week when its shares debuted on the Nasdaq, has stirred a mix of caution and interest among dealers with a recent change in how it will distribute its cars in the U.S. market.

Growth stocks are selling off, and investors are wondering which stocks to buy now. In today's video, I provide "real talk" commentary about the current stock market environment and five growth stocks that I believe have significant upside for long-term investors.

In this piece, I evaluated two electric vehicle (EV) stocks, Lucid Group ( NASDAQ:LCID ) and Rivian Automotive ( NASDAQ:RIVN ), using TipRanks’ comparison tool to determine which one takes the win. Lucid designs and manufactures electric luxury sports cars, while Rivian produces an electric SUV and electric pickup truck using a platform capable of supporting future vehicles. Lucid Group has been plummeting more often than rising. It's off 66% over the last year and down 8% year-to-date. Rivian Automotive is up 14% year-to-date, bringing its one-year decline to 42%. After these recent declines, one company looks more reasonably valued, but a closer look should demonstrate whether either is actually a good option. Neither is profitable, so we’ll gauge their valuations using their price-to-sales (P/S) ratios and compare them to their industry's P/S ratio. The U.S. auto manufacturing industry is trading at a P/S of 2.1, slightly lower than its three-year average P/S of 2.9. We’ll also look at Tesla ( NASDAQ:TSLA )'s P/S for comparison since Lucid and Rivian are EV makers, which typically trade at significantly higher valuations than legacy automakers. Tesla is trading at a P/S of 7.6 versus its five-year mean P/S of 10.7. Lucid Group (NASDAQ:LCID) At a P/S of 19.2, Lucid immediately looks expensive. However, the company's valuation has finally begun to fall back down to earth after trading at a P/S as high as 21,000 (not a typo!). Nonetheless, it looks like profitability is still several years away, and such a high valuation suggests a bearish view may be appropriate. Most analysts polled by S&P Global Market Intelligence don't expect Lucid Group to begin generating positive free cash flow or achieve profitability until 2027 — at the earliest. To do that, the company will have to generate over $10.7 billion in sales, up from the $753.5 million it generated over the last 12 months. While Lucid did manage a 2,143% increase in revenue in 2022, such rapid growth might not be sustainable, especially if demand is slowing. Meanwhile, its net-income margin worsened from -214.5% in 2022 to -338% over the last 12 months, displaying widening losses. Additionally, Lucid widely missed the consensus estimates for its last earnings report. Finally, the company reported "over 28,000" vehicle reservations in its fourth-quarter earnings report versus "over 34,000" in November 2022. Notably, it did not report reservation numbers in its most recent report. Despite all those concerns, there is a bit of good news. Lucid Group attracted a $1.8 billion investment from the Saudi Public Investment Fund in June. That massive vote of confidence suggests the fund will continue to support Lucid's cash burn, but it doesn't change the fact that Lucid remains a risky EV play. What is the Price Target for LCID Stock?   Lucid Group has a Hold consensus rating based on one Buy, two Holds, and two Sell ratings assigned over the last three months. At $7.10, the average Lucid Group stock price target implies upside potential of 13.96%. Rivian Automotive (NASDAQ:RIVN) At a P/S of 6.7, Rivian's valuation has also plunged, finally falling to a reasonable level, especially considering it's a slight discount to Tesla's valuation. The clear path to potentially imminent profitability and its reasonable valuation suggests a bullish view might be appropriate. Rivian management said in April that they expect the company to be profitable by the fourth quarter of 2024, reiterating their expectations of gross profitability sometime in 2024 during the firm’s August earnings call. While that's not complete profitability, it marks a major milestone for every unprofitable company. There are also other signs that the company is moving in the right direction. RIVN smashed the consensus estimate for its latest earnings report, adding that its gross loss per vehicle delivered during the second quarter had plunged to $32,595, down dramatically from the per-unit loss of $67,329 in the previous quarter. In fact, Rivian's gross margins and per-unit losses have steadily improved over the last year. It also boosted its production guidance to about 52,000 vehicles this year, more than double the number produced in 2022. What is the Price Target for RIVN Stock?   Rivian Automotive has a Moderate Buy consensus rating based on 12 Buys, six Holds, and one Sell rating assigned over the last three months. At $28.06, the average Rivian Automotive stock price target implies upside potential of 33.94%. Conclusion: Bearish on LCID, Bullish on RIVN It's common for EV makers to remain unprofitable for many years, but Tesla showed that it's possible to eventually become profitable with a build-to-order model. However, while Rivian is making rapid, clear progress toward profitability, many questions remain for Lucid, including demand concerns. Finally, despite Rivian's much better fundamentals, it's trading at a lower valuation than Lucid, making it the clear winner. Disclosure 

United Auto Workers President Shawn Fain told Reuters the Detroit Three automakers are "still not serious" in their responses so far to the union's economic proposals, and said Sept. 14 is a firm deadline for all three companies to conclude new contracts.

The concept of “garden variety pullback” refers to a minor or moderate decline of an asset in a bull market. Garden variety pullbacks are a “necessary evil” in bull markets because they:

Core Lithium has received a notice from electric-vehicle maker Tesla over a 2022 supply agreement that failed to materialize within the set deadline, the Australian miner said.

A ten-day strike by the United Auto Workers that shuts down the Detroit Three automakers could cost the manufacturers, workers, suppliers and dealers more than $5 billion according to a new analysis by the Anderson Economic Group, an economic consulting firm.

Core Lithium has received a notice from electric-vehicle maker Tesla over a 2022 supply agreement that failed to materialize within the set deadline, the Australian miner said.

Vietnamese electric-vehicle maker VinFast, which made a splash this week when its shares debuted on the Nasdaq, has stirred a mix of caution and interest among dealers with a recent change in how it will distribute its cars in the U.S. market.

Chinese electric vehicle (EV) maker XPeng ( NYSE:XPEV ) is set to report its second quarter Fiscal 2023 results on August 18, before the market opens. Analysts expect XPeng to report an adjusted loss of $0.30 per share on revenues of $693.18 million. In Fiscal Q2 2022, XPeng posted an adjusted loss of $0.43 per share on revenues of $1.11 billion. The smart EV maker has consistently underperformed analysts’ expectations in six out of the past eight quarters, and it could fail to surpass estimates again. The EV Sector Faces a Slew of Challenges The EV sector is already facing several headwinds owing to rising interest rates, supply constraints, and the price war started by rival Tesla ( NASDAQ:TSLA ). Meanwhile, the Chinese economy is showing signs of deflationary pressure, with both exports and imports facing challenges and consumer spending power diminishing. Amid the chaos, XPeng has been facing a slew of challenges of its own alongside stringent competition. Recently, Dr. Xinzhou Wu, Vice President of Autonomous Driving, resigned from his position, dragging down XPEV shares. The company even failed to impress with its July vehicle delivery numbers. Even so, the EV maker is hoping to improve its delivery average to 15,000 units in Q3 and 20,000 units in Q4. On the bright side, auto behemoth Volkswagen ( DE:VOW ) recently announced a $700 million investment in XPEV, gobbling up a 4.99% stake in the EV maker. Plus, both companies entered into a partnership to produce two B-class BEVs (battery electric vehicles) for the Chinese market. The news was received with open arms by Wall Street and was followed by a series of price target upgrades and revised views on XPEV shares. What is the Price Target of XPeng? On TipRanks, the average XPeng price target is $15.66, implying 2.1% downside potential. With seven Buys, four Holds, and three Sell ratings, the stock has a Moderate Buy consensus rating. Year-to-date, XPEV stock has gained 53.1%. Insights from Options Trading Activity TipRanks now presents options activity to help investors plan their trades ahead of earnings releases.  Options traders are pricing in XPEV stock to move by +/-8.08% after reporting earnings. Last quarter, the stock fell by 5.05% following the Q1-2023 results, which fell short of analysts’ estimates. The anticipated earnings move is determined by computing the at-the-money straddle of the options closest to the expiration after the earnings announcement. Key Takeaways XPeng is trying to bolster its EV deliveries despite macro challenges. However, it may take a while before the Chinese economy overcomes the current downtrend. The Chinese authorities are also considering imposing measures that will bolster the overall domestic demand and EV consumption. These dynamics leave Wall Street with mixed feelings, with analysts maintaining a measured optimism regarding XPeng's future performance. Learn more about TipRanks’ Options tool here. Disclosure

The electric vehicle (EV) sector is more than just the future of transportation; it’s one of the fastest-growing segments in today’s stock market. As concerns over climate change intensify and governments around the world set ambitious goals to reduce carbon emissions

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