Israel Englander's Millennium Management significantly reduced its position in Rivian and plowed into a flying taxi start-up instead.Israel "Izzy" Englander is a billionaire hedge fund manager and serves as chairman and CEO of Millennium Management. During the third quarter, Millennium made some curious moves among electric vehicle (EV) stocks -- yet surprisingly, I'm not talking about Tesla.According to Millennium's latest 13F filing, Englander and his team trimmed the fund's stake in Rivian Automotive (RI ...

The stock has nearly doubled over the past few weeks on optimism the company is getting closer to getting its eVTOL taxi business off the ground.Advancements in technology are creating new industries worth billions of dollars. Society is on the precipice of electric vertical takeoff and landing (eVTOL) transportation -- electric flying taxis that can help people get around in densely populated areas without further clogging up highways.Archer Aviation (ACHR 23.84%) is one of the companies vying for a top sp ...

Three powerful catalysts make this high-flying eVTOL stock worth holding despite traditional profit-taking rules.Conventional trading wisdom suggests selling half your position when a speculative growth stock doubles. This "sell-half" rule helps lock in profits while letting winners ride, protecting investors from the violent reversals common in early stage companies. Yet despite my 106% gain on Archer Aviation (ACHR 4.50%) from my $2.92 average cost basis, built through careful position scaling during mark ...

The energy and transportation sectors have seen massive disruption in the 21st century. From electric vehicles like Tesla to ride-sharing platforms like Uber Technologies, people have many different ways to get around these days. Some of these purported disrupters have made millionaires out of their shareholders. Others, such as the embattled hydrogen fuel cell truck company Nikola, have lost shareholders a lot of money.Then what are investors to think of electric vertical take-off and landing (eVTOL) taxis ...

One analyst is bullish on the eVTOL market later this decade. Shares of electric flying taxi company Archer Aviation (ACHR 5.71%) rallied a whopping 40.6% this week through Thursday trading, according to data from S&P Global Market Intelligence. Archer is an electric vertical takeoff and landing (eVTOL) taxi company that is pre-revenue, and was a darling of the pandemic bubble. Shares have seen been severely beaten-down, and were recently down about 80% below their highs reached shortly after their public d ...

One of the most exciting new technologies on the stock market these days is electric vertical takeoff and landing (eVTOL) aircraft. These vehicles, designed for short-distance urban transit, have the potential to disrupt the urban transportation market.Two companies are leading the charge in the development-stage technology: Archer Aviation (ACHR 14.23%) and Joby Aviation. Joby is the more valuable of the two companies with a market capitalization of $5 billion versus $2 billion for Archer Aviation. However ...

This eVTOL aircraft maker could have a bright future.Archer Aviation (ACHR 14.23%) has disappointed a lot of investors since its public debut three years ago. The developer of electric vertical take-off and landing (eVTOL) aircraft went public by merging with a special purpose acquisition company (SPAC), and it started trading at $9.90 and soared to a record high of $17.14 in February 2021. But today, Archer's stock trades at about $4.It crashed and burned as it missed its own pre-merger expectations, racke ...

Improving defense funding from the U.S. administration should bode well for aerospace-defense companies that are primarily engaged in the combat space. However, consistent supply-chain issues are expected to continue to adversely impact jet deliveries and remain a threat to the industry players.  Nevertheless, impressive year-over-year projections for global air passenger numbers can be expected to boost companies in the aerospace defense industry, particularly those that operate in commercial aerospace. Th ...

The best thing about starting to invest at a young age is the extensive investment horizon you enjoy, which enables you to take calculated risks to beat the market in the long term. Chance and passion led me to stock investingDilantha De Silva is an experienced equity analyst and investment researcher with over 10 years in the investment industry. He writes insightful articles for Seeking Alpha, GuruFocus, TipRanks, and ValueWalk, with a significant following on Seeking Alpha. Dilantha’s expertise spans acr ...

Archer Aviation Inc. (NYSE: ACHR ) was stuck trading around $3 for months, but recently, it’s been gaining steam—up 60% in the past month—and now it’s trying to hit its July peak of around $5.50. I’m takingThe mission of Grassroots Trading rests on the following principles: providing objective, unbiased, and balanced research, backed by solid data and completely void of emotional influences or preference for companies; focusing on small- to mid-cap companies, offering the Seeking Alpha investor compelling p ...