Time for the Know the Difference Minute, 3 stories making news today. 

The Ford Motor Company’s early investment in electric vehicle maker Rivian has turned into an $8.2 billion gain in the 4th Quarter.  Ford was an early investor and the Rivian IPO turned out to be the largest IPO of last year.  Ford reports Q4 earnings in early February.

Stock in Sony got rocked yesterday after Microsoft announced it was buying Activision Blizzard. Sony’s PlayStation line outsells Xbox, but it doesn’t have the deep bench of games—and investors reacted to the possibility of Microsoft flipping the Call of Duty franchise to Xbox-only among other concerns.

We’re not saying stock up, but if your morning includes Orange Juice, be advised this year’s Florida crop will be the smallest since World War II.  Demand has been declining but disease and bad weather have hit hard. 

I’m Dave Spano from Annex Wealth Management.  That is your Know the Difference Minute.