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Archer Aviation Stock Plunged 43% in the First Half of 2024; Here's How It Could Straighten Up and Fly Right in the Second Half of the Year
The Motley Fool· 2024-07-27 14:29
Core Viewpoint - Archer Aviation's stock has experienced significant volatility, soaring 228% in 2023 but plummeting 43% in the first half of 2024, contrasting with the S&P 500's 14% increase during the same period. Despite this decline, the company has made positive strides in its development and remains on track for future growth [1][2][7]. Group 1: Stock Performance - Archer Aviation's stock rose 228% in 2023 but fell 43% in the first half of 2024 [1]. - The decline in stock price is attributed to profit-taking by investors rather than any negative company news [2]. Group 2: Positive Developments - Archer has received ongoing support from manufacturing partner Stellantis, including a recent $55 million investment to aid in its pre-revenue phase [3]. - The company is making progress toward obtaining FAA certifications for its Midnight eVTOL aircraft [3]. Group 3: Future Catalysts - Archer aims to commence commercial operations in 2025, with over 100 test flights completed in Q1 2024 and a target of 400 test flights by year-end [4]. - Receiving FAA Type Certification for the Midnight aircraft is crucial, as it demonstrates airworthiness and compliance with safety standards [5]. - Archer's order book is valued at up to $3.5 billion, including a deal with United Airlines worth up to $1.5 billion, which could further boost investor confidence if additional deals are announced [6].
3 Meme Stocks to Buy on the Dip: July 2024
Investor Place· 2024-07-24 11:30
With rate cuts on the horizon, the outlook for equities and other risky asset classes is bullish. The S&P 500 index is already trading near all-time highs. While it’s important to make the best use of the bull market, it’s equally important to remain invested in blue-chip low-beta stocks.From a quick money-making perspective, exposure to meme stocks has done wonders for investors. In my view, rate cuts will trigger significant price-action in mid-cap and small-cap stocks. There will be meme stocks that can ...
3 Short-Squeeze Stocks to Buy Now If You Want to Double Your Money
Investor Place· 2024-07-22 18:00
It’s unlikely that investors can always make money in the markets. During bull markets, the focus should be on maximizing returns by taking relatively higher risks. During bear markets, the objective should be to minimize the drawdown by remaining invested in low-beta stocks. Currently, the markets are in a phase where money-making is relatively easy.Investors can use various strategies to maximize portfolio returns. One method that has gained significant popularity after the meme euphoria is exposure to sh ...
3 Flying Car Stocks That Could Grow Your Wealth
Investor Place· 2024-07-21 11:08
I feel that now could be a great time for investors to consider the future of transportation. This is because flying car stocks are making steady progress to commercially produce electric vertical take-off and landing crafts (eVTOLs), and this market is rising quickly.There is a steady rise in the acquisition of certifications and the creation of prototypes for flying cars. These certifications are important, especially for increasing the production rate and linking these vehicles to current transport syste ...
Next Big Thing: 3 Breakthrough Flying Car Stocks to Own
Investor Place· 2024-07-19 17:47
The concept of flying cars has long been a staple of science fiction, but it is rapidly becoming a top-growth industry, with three companies leading the charge. These trailblazers are revolutionizing transportation and providing compelling investment opportunities. There is plenty of opportunity for investors to elevate their portfolio with flying car stocks if they know which companies to focus on, and these three currently look like winners.The first company is making headway with its advanced air transpo ...
ACHR Stock Alert: Archer Receives Funding to Expand Manufacturing Facility
Investor Place· 2024-07-17 15:14
Archer Aviation (NYSE:ACHR) stock is in the news Wednesday after the electric vertical takeoff and landing (eVTOL) company announced new approval for its manufacturing.The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) is behind this with approval for the company’s $117 million manufacturing facility in the state. This will provide Archer Aviation with roughly $10 million in benefits.Adam Goldstein, founder and CEO of Archer Aviation, said the following about the man ...
This Aviation Stock Takes Flight on Cathie Wood Investment
MarketBeat· 2024-07-17 11:02
Archer Aviation TodayACHRArcher Aviation$5.38 +0.33 (+6.53%) 52-Week Range$3.00▼$7.49Price Target$8.10Add to WatchlistThe race for air taxis is taking off. These machines are technically called electric vertical take-off and landing (eVTOL) aircraft. What was once just a science fiction fantasy is gaining momentum towards becoming a regulated reality. Archer Aviation Inc. NYSE: ACHR is a leading company that develops and manufactures eVTOL aircraft. Famed fund manager Cathie Wood is a believer, as her ARK I ...
If You Can Only Buy One Flying Car Stock in July, It Better Be One of These 3 Names
Investor Place· 2024-07-17 10:44
The flying car market is expected to grow from $0.42 billion in 2022 to $5.28 billion by 2030 at a compounded annual growth rate (CAGR) of 43.7%. Key drivers include rising purchasing power, changing lifestyles, urban traffic and population growth.A 2021 IBM survey found that 77% of respondents prioritized sustainability, with only 1% viewing EVs as a viable daily option. Flying cars, utilizing VTOL for launch, are a greener alternative, especially for longer journeys. This trend is driving the market’s CAG ...
7 Meme Stocks That Deserve a Fresh Set of Eyes
Investor Place· 2024-07-17 10:00
Meme stocks – you know them as social-media-inspired securities that tend to be speculative. Generally speaking, it’s difficult to suggest otherwise. We’ve seen tons of money poured into failing or at least deeply struggling businesses. The idea is that if enough people wager on the upside, the target company could once again rise to prominence.Granted, there’s a romanticism behind meme stocks. I suppose that’s why so many people have long theorized that Grand Duchess Anastasia Nikolaevna of Russia survived ...
Why Archer Aviation Is My Highest-Conviction Small-Cap Stock
The Motley Fool· 2024-07-16 11:30
This small-cap eVTOL stock has the potential to be a big winner for patient investors.While large-cap growth stocks have dominated the U.S. market since the Federal Reserve began hiking interest rates in March 2022, the tide may soon turn. With the central bank poised to start cutting rates later this year, we could see a broader rally in mid- and small-cap growth equities.Which growth stocks should investors have on their radar leading into this potential catalyst? One stock that has my attention right now ...