Lucid Picks Up New Buy Rating. Stock Can Rise 60%.

Shares of luxury electric vehicle maker Lucid is rising Tuesday after a new bullish call from the Street. Cantor Fitzgerald analyst Andres Sheppard launched coverage of Lucid (ticker: LCID) stock with a Buy rating and $23 price target for shares. Lucid stock closed Monday at $14.06.

Ford’s F-150 Electric Truck Is Red-Hot. What It Means for the Stock.

Text size Ford F-150 Lightning electric-powered pickups. Courtesy of Ford One day, you’re going to regret letting the current market crisis pass without taking advantage of battered stock prices. You may not realize it now, but it will hit you in a few years when some talking head points to a chart that shows how … Read more

US Retail Sales Declined 0.3% in May

Americans’ retail spending declined in May, as consumers felt the pinch from inflation, higher gasoline prices and rising interest rates that make car purchases more expensive. Retail sales — a measure of spending at stores, online and in restaurants — fell a seasonally adjusted 0.3% in May from the previous month, dropping from April’s revised … Read more

US Stocks Poised to Open Lower on Monday Ahead of Fed Week

Stocks are poised to open lower on Monday. (Photo by Spencer Platt / Getty Images) Getty Images Text size US stocks were poised for a lower opening on Monday ahead of the Federal Reserve’s decision on interest rates, due out on Wednesday. At 6:15 pm Eastern time, futures for the Dow Jones Industrial Average fell … Read more

Federal Reserve Meeting, Oracle and Adobe Earnings, May Inflation Data, and More for Investors to Watch This Week

Text size Uncredited It will be a quiet week on the earnings calendar between earnings seasons. The most important event of the week for investors will be the conclusion of the Federal Reserve’s interest rate-setting committee’s June meeting on Wednesday. The Federal Open Market Committee will issue a monetary policy decision after its two-day meeting … Read more

US car sales at ‘recessionary levels;’ inflation, interest rates are concerns

US new-car sales dipped below an annualized 13 million vehicles in May, prompting analysts at RBC to say they are at “recessionary levels,” although demand is still heated and auto makers offer few if any incentives to those looking to buy a new vehicle . By RBC’s reckoning, the May US light-vehicle seasonally adjusted annualized … Read more

After Rapid Recovery, Watch for Sudden Slowdown – The Wall Street Journal

After Rapid Recovery, Watch for Sudden SlowdownThe Wall Street JournalView Full Coverage on Google News

Retail Sales Grow at Slower Pace Than Expected in February

Text size People shop at the Polaris Fashion Place mall in Columbus, Ohio. Matthew Hatcher / Getty Images US retail sales rose at a slower-than-expected pace in February, as rising inflation catches up to consumers’ pockets and curbs spending. Seasonally adjusted retail sales rose by 0.3% to $ 658.1 billion from January, and 17.6% year … Read more