STLA - Stellantis' Investor Day: 3 New Reasons To Be Long
2024-06-18 01:35:46 ET
Summary
- Stellantis Investor Day took place at a crucial time to fight the company's narrative shift.
- STLA shares have been impacted by a bear market while indexes reached new highs, leaving investors puzzled about the company.
- During its Investor Days, the Company stressed three new points I want to add to my bull-case.
Stellantis Under The Radar
Stellantis ( STLA ) just held its 2024 Investor Day , which took place at a most needed time. In fact, in the past few months, the narrative around Stellantis has significantly changed, turning an investors' favorite into one of the few stocks hit by a bear market while we see new ATHs for the indexes. STLA shares are now trading below $20, while just a few months ago we saw them close to $30. As a result, even though I covered Stellantis after its Q1 earnings, this Investor Date provided some important data we need to consider to develop our understanding of this legacy automaker. Spoiler alert: Stellantis' bull-case appears well-grounded and solid after this event, with a couple of game-changers that, so far, have earned little, if any, consideration from many analysts....
Stellantis' Investor Day: 3 New Reasons To Be Long