Archer Aviation (NYSE:ACHR) drops as revenue lags Wall Street targets

Archer Aviation shares fell 3.3% Tuesday, sending the air-taxi maker near its 52-week low again. The move spotlights a big valuation gap, with the company still at close to $4 billion in market value while first-quarter revenue was only $1.6 million.

ARK Loads Up on SpaceX Post-IPO, Trims Teradyne, Iridium, Archer

ARK Loads Up on SpaceX Post-IPO, Trims Teradyne, Iridium, Archer

ARK Invest, run by Cathie Wood, ramped up buying in SpaceX after the Elon Musk company started trading publicly, shifting a week of portfolio selling into a new bet on a headline IPO. Investor’s Business Daily said ARK snapped up almost 3.3 million SpaceX shares on the first day. Reuters said SpaceX stock surged 19% in its Nasdaq debut, following a record $75 billion IPO.
Archer Aviation Rises as Air-Taxi Hopes Return

Archer Aviation Rises as Air-Taxi Hopes Return

Archer Aviation stock was active ahead of Friday's session after climbing sharply the day before. The air-taxi company’s shares held around Thursday’s finish, as the market balanced news on certification with big spending concerns. Google Finance had ACHR at $6.12 after the May 21 close and $6.14 premarket, up 0.33%.
Joby Aviation Stock Gets NYC Air Taxi Catalyst as Archer Rivalry Heats Up

Joby Aviation Stock Gets NYC Air Taxi Catalyst as Archer Rivalry Heats Up

Joby Aviation on Monday reported it pulled off New York City’s inaugural point-to-point flights using an electric vertical takeoff and landing air taxi, flying its battery-powered craft from John F. Kennedy International Airport out to Downtown Skyport, then over to the West 30th Street and East 34th Street heliports. These eVTOLs lift straight up like helicopters. According to Joby, that same JFK route—typically a 60- to 120-minute slog by car—would take just seven minutes in the air.

US Stock Market Today Updates

AI PORTFOLIO

Top Stock Picks

Today’s highest-ranked model selections.

#1 Strong Buy

NVIDIA

94/100
#2 Strong Buy

Meta Platforms

89/100
#3 Buy

Alphabet

87/100
#4 Buy

Amazon

84/100
#5 Selective Buy

Microsoft

80/100
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Editorial model selection. Not personalised advice.
MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Warsh at Jackson Hole

Policy tone can move rates, USD, equities, gold and crypto simultaneously.

#2

Michigan sentiment

A weak final reading or elevated inflation expectations could pressure risk assets.

#3

Chicago PMI

A surprise versus 58.0 may alter the near-term manufacturing-growth narrative.

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Times and estimates may change. Verify before trading.