tiktok, facebook box, facebook-1334045.jpg

Today in the Market (11/9/2022)

Good Evening. After three days of gains, U.S. equities fell on Wednesday as investors digested the mixed reaction to the midterm election results and looked ahead to much-anticipated inflation data.

The Dow Jones lost 1.95% and the S&P 500 lost 2.08%. The Nasdaq Composite fell by 2.48%.


The share price of Rivian (RIVN) increased after hours after the manufacturer of electric off-road vehicles disclosed a third-quarter loss that was less than anticipated and confirmed its full-year production plan and financial outlook.

Rivian reported revenue of $536 million for the quarter, falling short of projections of $561.1 million, and an adjusted EPS loss of $1.57 per share, less than the expected loss of $1.86 per share.

More significantly for investors, the business stated that it will still achieve its forecasted 25,000 car production for 2022, which will have required the manufacturing of roughly 10,600 vehicles in the fourth quarter. Since starting manufacturing late last year, Rivian claimed to have produced over 15,000 automobiles.

Additionally, Rivian stated that it was collaborating with the Georgian government to build a second facility by 2025 and introduce its new R2 platform of automobiles by 2026.


tiktok, facebook box, facebook-1334045.jpg

Meta Platforms Inc.’s (META) chief executive Mark Zuckerberg informed hundreds of executives on Tuesday that the company will start terminating staff on Wednesday morning. According to sources familiar with the conversation, Mr. Zuckerberg sounded dejected during the meeting on Tuesday and claimed responsibility for the company’s errors and that his overconfidence in the company’s growth had resulted in overstaffing.

Employees at Meta have spent days asking for details about the impending layoffs and preparing for the worst by forming external groups with current coworkers and talking about how to use benefits. On top of that… company managers have already instructed employees to cancel any unnecessary travel starting this week.

Meta is not the only company… The tech sector is experiencing its worst layoffs in years after hiring aggressively throughout the pandemic. Elon Musk, the firm’s new owner, is trying to restructure Twitter Inc. to fit his vision while also contending with broad apprehension from advertisers regarding its new path. As a result, the company is letting go of thousands of people.

Scroll to Top

Where Are You On Your Investment Journey?




All investors are unique.  The above characteristics are examples, but may not reflect your particular investor demographics or situation.  An advisor with Edgar Investment Management, LLC will assist you with finding the best type of account for you. 

Investment advisory services are offered through Edgar Investment Management, LLC, an investment advisor registered with the State of Texas. Edgar Investment Management, LLC only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure document.

The content found on this website is developed from sources we believe provide accurate information and is for educational purposes only. The information on this website is not intended as tax or legal advice. Everyone’s tax and legal situation is different, so please consult trusted and knowledgeable legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided on this website are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Material and information found on this website is not intended as an offer or solicitation for the sale or purchase of any specific security, mutual fund, ETF, bond, or investment strategy.  

Investing is risky!  No guarantee as to performance of any investment is implied by this website.  Make sure you have evaluated your options and spoken with trained professionals before you implement any investment strategy.  Past performance is not indicative of future results.  

Please be advised that Edgar Investment Management, LLC is a financial advisory firm specializing in investment management and financial planning services. We do not offer or provide any CPA-related services, including tax preparation, tax planning, or other accounting services. If you require assistance with tax-related matters, we recommend consulting a qualified CPA or tax professional who can provide specialized advice tailored to your individual needs.

Edgar Investment Management, LLC is not a Public Accounting firm.


Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.

  • About You

    Tell us a little about yourself. Don't be shy. Let's be friends.
  • How Can We Reach You?

    We would love to chat with you. How can we get in touch with you?
  • What's on your mind?

How much do you want to invest?