Let's make one thing clear really quick: Trying to time the market is a fool's errand. Buying and holding for the long run is a key to investing success. That doesn't mean, however, there aren't specific points in time for optimism and, perhaps, even fantastic buying opportunities.

July might just be that point in time for Rivian (NASDAQ: RIVN) because the electric vehicle (EV) company appears to have moved beyond a recent speed bump and is poised to continue its rally.

Doubts began surrounding Rivian toward the end of 2022, and during the last quarter of that year, the stock shed 44% of its value. The cause of that spiral was a hiccup in production, thus slowing deliveries.

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Source Fool.com