3-Stock lunch: Rivian, JPMorgan, & Fedex

Welcome back. We can't close things out here without three stock lunch. We're going to highlight some of the other great stock stories today and get some actionable portfolio advice from Doug Butler. He's Rockland Trust SVP and Director of Research. Doug, it's great to have you along. Let's start with Rivian. Circle back to what we mentioned at the start of the show. The shares are down four and a half percent. They were down about eight earlier after the slash production forecast. EVs have had a host of issues, especially with tariffs. As we discussed yesterday, you've got Tesla discontinuing their lowest cost version. What do you do with the shares? We think you sell them. Look, it's a gorgeous car. We love the way it looks. We love the way everybody who has one really likes them. But the stock itself, it is not a buy here. In fact, we do think it's a sell. Remember, a stock down 80% is a stock that was down 60% and then went down another 50%. Implying what you think could be the case. $10.29 stock. I would just say for the drive, they've got to have a feature to turn off the one pedal driving. You've got to be able to coast sometimes just throwing that out there. Anyway, up next, bank earnings, Doug, kicking off next week. Is there one name you're watching more than other and what is the trade? We think we really like JP Morgan of all the big banks. We think that they came out and they pre-announced some concerns on net interest margins. But we think they sort of let the bad news lead. And we think actually 2025, they're going to have a great year for fee income. And we would buy the shares here and we do own them. So we have Doug up against Carter Worth. And we'll see who prevails in this fight about which way JPM goes in the near term. Which brings us to FedEx. The shares are down slightly today. Shipping stocks are in focus following the port strike. Should you be an owner of this one, Doug? This one, if you have it, you might as well hold on to it. It's down 13 percent or so in the last month. They've got it's a pretty messy. They reported a pretty messy quarter. We would sort of hold off on getting into this. But if you're already in and you have it, we don't think is now's the time to sell. We think especially if the economy manages to like, you know, completely soft land next year, they should have they should really be back at the 300 level. But there's enough messiness within their their production and with some of their freight volumes that we're not sure we get in just yet. All right. Too messy. That's what he says. Doug. Thanks. Good to have you on today.