CheckMan Stock Market Overview

Rivian (NASDAQ: RIVN ) stock is the talk of Wall Street today after Needham lowered its price target on the electric vehicle (EV) maker to $13 per share from $18. According to the financial services company, the slashed outlook results from an evaluation of Rivian's first quarter production and sales data and new model unveilings.

The Biden administration has formally proposed a new plan for student loan forgiveness to assist millions of borrowers. The plan was created after the U.S. Supreme Court invalidated President Biden's initial wide-scale loan cancellation effort.

VPU, the Vanguard Utilities Index Fund ETF, is being evaluated as an investment option at its current market price. I recommend a "buy" rating on VPU due to the uptick in volatility and the defensive nature of the utilities sector. VPU has been lagging behind the market but presents a potential opportunity for investors going forward.

Artificial intelligence is the hottest investing trend in 2024, yet C3.ai stock is down meaningfully this year.

VettaFi's Head of Research Todd Rosenbluth discussed the SPDR S&P Insurance ETF (KIE) on this week's “ETF of the Week” podcast with Chuck Jaffe of “Money Life.” For more news, information, and analysis, visit VettaFi | ETF Trends.

Tech firm released early versions of its latest large language model and a real-time image generator as it tries to catch up to OpenAI

The Invesco Financial Preferred ETF offers higher yield and lower volatility compared to common stock, making it a potential asset for portfolios. The PGF ETF primarily invests in fixed-rate preferred securities issued by financial entities in the U.S. domestic market. The fund's sector-specific focus on the financial sector exposes it to sector-specific risks, but it also provides an opportunity for steady dividend payments.

Snap-on (SNA) reports lower sales in first-quarter 2024 on decline in sales across the Commercial & Industrial Group and Tools Group segments.

Alphabet Inc (NASDAQ:GOOG) is expected to surpass Street expectations when it reports its earnings after market on April 25. The tech giant should outperform revenue estimates, particularly in the search and YouTube segments, according to Bank of America.

Ibotta had a strong debut on the New York Stock Exchange on Thursday, soaring as much as 34% above their initial public offering (IPO) price.  The company sold 6.6 million shares at $88 each raising $577.3 million, above its earlier price range of $76 to $84 per share.