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StockNews.com
StockNews.com
Business
Rashmi Kumari

Prospects for Rivian Automotive (RIVN) and Honda Motor (HMC) Before Upcoming Earnings

HMC RIVN Honda Motor Rivian Automotive Honda Motor Co Ltd Rivian Automotive Inc United States

Despite the 22-year benchmark interest rates making loans expensive, auto sales in the United States are rising. The resilient demand should help the industry perform well in the upcoming quarters.

However, not all stocks are well-positioned to capitalize on the industry tailwinds. Ahead of the upcoming earnings (for the quarter ended September 2023) of Honda Motor Co., Ltd. (HMC) and Rivian Automotive, Inc. (RIVN), I think HMC is a wise investment, but RIVN is best avoided now.

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