Stellantis CEO Abruptly Quits

Plus, XRP's powerful Sunday surge.

December 02, 2024

In partnership with

Today is Monday, December 2, 2024.

The Early Bird Index today is 82.63

New to this newsletter? Sign up here

Stellantis CEO Abruptly Quits

The CEO of Stellantis (NYSE: STLA), the automaker that owns Jeep and Chrysler, abruptly resigned on Sunday.

Details: Carlos Tavares is stepping down from his CEO role. The process to appoint a replacement is underway.

Background: The sudden resignation follows a year of declining sales for the automaker.

Quote: “In recent weeks different views have emerged which have resulted in the Board and the CEO coming to today’s decision.” - Stellantis’ Senior Independent Director, Henri de Castries.

Early Bird’s Nest Egg Gains: Stellantis is undergoing a generational shift in its product lineup, leading to temporary production gaps.

  • The company has been actively reducing dealer inventories, particularly in the United States.

  • Stellantis also has delayed new products amid growing global competition.

Final Thoughts: Shares of Stellantis are down 42.73% this year. Hopefully, a new CEO can turn the company around.

This smart home company grew 200% month-over-month…

No, it’s not Ring or Nest—it’s RYSE, a leader in smart shade automation, and you can invest for just $1.75 per share.

RYSE’s innovative SmartShades have already transformed how people control their window coverings, bringing automation to homes without the need for expensive replacements. With 10 fully granted patents and a game-changing Amazon court judgment protecting their tech, RYSE is building a moat in a market projected to grow 23% annually.

This year alone, RYSE has seen revenue grow by 200% month-over-month and expanded into 127 Best Buy locations, with international markets on the horizon. Plus, with partnerships with major retailers like Home Depot and Lowe’s already in the works, they’re just getting started.

Now is your chance to invest in the company disrupting home automation—before they hit their next phase of explosive growth. But don’t wait; this opportunity won’t last long.

Notables

Notable Earnings Today: Zscaler (Nasdaq: ZS), Credo Technology Group (Nasdaq: CRDO).

Notable IPOs Today: Cohen Circle Acquisition Corp. I Class A Ordinary Shares (Nasdaq: CCIR), Bleichroeder Acquisition Corp. I Class A Ordinary Shares (Nasdaq: BACQ), Rising Dragon Acquisition Corp. Ordinary Shares (Nasdaq: RDAD).

Notable Equity Crowdfunding Campaigns Ending Today: Cerus Fitness (StartEngine).

Notable Economic Events Today: S&P Global US Manufacturing PMI (9:45 a.m. ET), ISM Manufacturing PMI / Prices (10:00 a.m. ET), ISM Manufacturing Employment (10:00 a.m. ET), Construction Spending (10:00 a.m. ET).

XRP's Powerful Sunday Surge

The price of the cryptocurrency XRP surged by over 20% on Sunday to reach its highest level in about six years.

Powering the Story: XRP is the native crypto for Ripple, the digital payment network, and it is benefiting from increased optimism from speculation that the government might ease some of the pressures it has been putting on the platform.

  • There is also speculation about Ripple's new stablecoin potentially receiving approval from the New York Department of Financial Services this week.

Also: With Sunday’s increase, XRP is now the fourth-largest crypto by market cap.

Price: XRP is now up 300% in the last 30 days.

Final Thoughts: Keep in mind that XRP can also be a volatile asset.

BlackRock Eyes HPS Acquisition

It seems that BlackRock (NYSE: BLK) wants to expand its presence in alternative assets through a new acquisition.

Details: Bloomberg reported on Sunday that BlackRock is nearing a deal to buy HPS Investment Partners.

Final Thoughts: BlackRock is already up 27.80% this year.

Return of the Consumer: Shoppers Fight Back as Retailers Crack Down on Returns (Wall Street Journal)

Thank you for reading!

Forward to a friend and tell them to sign up here.

Pick winning stocks: Upgrade to Early Bird Prime

Want more investing tips? Listen to the podcast.

Show your support: Buy Me a Coffee.

Questions or comments? Hit reply to reach out.

The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.