Today we're putting on 3 new Power Plays in anticipation of a possible fourth-quarter rush.

There's a good chance the October low is in, so I want to get some exposure here.

Name #1: Rivian

Ticker: RIVN

Price: $24.10

Needs to Hold: $20.50 to $22

Price Objective 1: N/A

Price Objective 2: N/A

Rivian (RIVN) had solid delivery numbers today and is off the morning lows.

As traders look for second and third-tier EV names, I believe Rivian can be a momentum favorite and accelerate further.

Name #2: Fisker

Ticker: FSR

Price: $6.77

Needs to Hold: $5.50 to $5.85

Price Objective 1: N/A

Price Objective 2: N/A

Fisker is on the riskier side within the EV space, but like Rivian, it could get caught up in an EV stock rally in Q4. So I like the risk-reward here.

Name #3: Advanced Micro Devices

Ticker: AMD

Price: $102.83

Needs to Hold: $$94 to $99

Price Objective 1: N/A

Price Objective 2: N/A

Nvidia (NVDA) took off fast today, but I expect Advanced Micro Devices (AMD) to play catch-up going forward, especially as it builds its reputation in AI.

Stay tuned for more updates

-Scott