Rivian Automotive(NASDAQ:RIVN) and Lucid Group(NASDAQ:LCID) have taken the market by storm with impressive technology and growth potential. But the two electric vehicle (EV) stocks have a lot of industry watchers raising their eyebrows, as both companies lack meaningful sales but are already worth around the same or more as General Motors.
If you have Rivian and Lucid EV envy, rest assured you are not alone. Ford Motor Company(NYSE:F), Matterport(NASDAQ:MTTR), and Cognex(NASDAQ:CGNX) are three growth stocks that could provide a much-needed cure. Here's what makes each a great buy now.
Daniel Foelber (Ford): Since when did Ford become a growth stock? When it started pledging tens of billions of investment dollars toward EVs.
While Rivian and Lucid get a lot of the hype, Ford has been in the weeds -- quietly watching its stock price double so far in 2021. New management has made it its mission to show investors the Ford F-150 Lightning and Mustang Mach-E are the real deal. It's still early on. But so far, that certainly seems to be the case.