Good riddance, 2022. Tuesday officially marked the start of a new year on Wall Street, and while there is no guarantee 2023 will be a great one for stocks, for now it’s nice to turn the page on the worst year since 2008 . After recently highlighting Club holdings that analysts tapped as their top picks for 2023, we wanted to take the Street’s temperature on our stocks in a different way. So, we screened our portfolio to find the holdings that are rated buy or overweight by at least 75% of relevant analysts, and also have a 15% upside to those analysts’ average price target based on where the stock closed on the final trading day of 2022. These are the 10 stocks that match our specific criteria, according to data from FactSet, in order from the highest-to-lowest percentage of buy or overweight ratings: Amazon (AMZN) Alphabet (GOOGL) Microsoft (MSFT) Halliburton (HAL) Walt Disney (DIS) Humana (HUM) Wells Fargo (WFC) Salesforce (CRM) Constellation Brands (STZ) Advanced Micro Devices (AMD) Amazon Percentage of analysts with a buy/overweight rating: 92% Upside to average price target: 60.9% Analysts expect Amazon to bounce back in a big way after shares tumbled nearly 50% last year. We’ve continued to stay invested in the ecommerce and cloud-computing giant, but have been clear about what we need to see from management in the coming months — namely, more robust discipline on costs. That’s key for Amazon shares to make a meaningful move higher in the face of growing recession fears. Alphabet Percentage of analysts with a buy/overweight rating: 92% Upside to average price target: 40.1% Like with Amazon, the Street continues to stand with Google parent Alphabet, despite a 39.1% decline in its share price in 2022. Similar to Amazon, we want to see Alphabet rationalize its hiring and spending because its main source of revenue — advertising — remains pressured by mounting economic headwinds. Microsoft Percentage of analysts with a buy/overweight rating: 92% Upside to average price target: 22.2% Microsoft — the third mega-cap tech stock to make the list — is also well-liked by analysts following a year in which shares tumbled nearly 29%. Microsoft is one of the best-run companies out there, which allows us to see through any near-term macroeconomic challenges and focus on its long-term growth prospects, particularly in enterprise cloud computing. We may be looking to book some profits if the stock climbs toward the $300 level, after ending 2022 around $240 per share. Halliburton Percentage of analysts with a buy/overweight rating: 86% Upside to average price target: 16.8% Halliburton was a big winner last year, climbing 72% in 2022, and the vast majority of analysts who cover the company believe it can go even higher, even if gains are more muted this year. While day-to-day oil price fluctuations may at times test our conviction in our energy investments — West Texas Intermediate crude closed down more than 3.7% Tuesday — Halliburton’s multiyear growth story remains intact. We also believe it boasts pricing power, a key attribute for this current economic environment . Walt Disney Percentage of analysts with a buy/overweight rating: 82% Upside to average price target: 37.7% Analysts expect some magic to return to Disney following a miserable 44% slide in 2022. We hope so, too, now that Bob Iger is back as CEO . Iger should help steady the ship, especially on Disney’s money-losing streaming side. Humana Percentage of analysts with a buy/overweight rating: 80% Upside to average price target: 19.5% Humana is the only Club holding besides Halliburton to post share gains in 2022 and land on Tuesday’s top-10 screen. Many of the same factors that fueled Humana’s outperformance last year, with the stock rising 10.4%, are still relevant and explain why we added to our position in the health insurer earlier Tuesday . Those reasons include a lack of economic sensitivity and limited exposure to the strong U.S. dollar . Wells Fargo Percentage of analysts with a buy/overweight rating: 79% Upside to average price target: 30.9% Despite fears of a U.S. recession on the horizon, most analysts view Wells Fargo favorably. The bank’s shares outperformed the S & P 500 last year, falling only 13.9% compared with the index’s roughly 19% slide. Even as we await the full dissipation of the regulatory cloud that hovers over Wells Fargo , it’s one of the best-capitalized banks in the U.S. and poised to benefit from higher interest rates. Salesforce Percentage of analysts with a buy/overweight rating: 78% Upside to average price target: 47.2% Add Salesforce to the list of beaten-up tech stocks that most analysts expect to recover in 2023. Salesforce shares fell almost 48% last year, a steep decline we admittedly didn’t expect. We’ll be looking to see if the value-creation potential that activist investor Starboard sees in Salesforce starts to materialize in 2023, while Mark Benioff resumes his prior role as sole CEO . Constellation Brands Percentage of analysts with a buy/overweight rating: 78% Upside to average price target: 18.8% The maker of Corona and Modelo beer also held up much better than the S & P in 2022, declining only 7.7%. We still believe Constellation’s business should prove relatively durable in an economic slowdown, and added to our position right before the holidays. Advanced Micro Devices Percentage of analysts with a buy/overweight rating: 76% Upside to average price target: 35.7% Of the 10 stocks on this list, AMD saw the biggest decline in 2022. The chipmaker’s shares sank 55%. However, most analysts expect its fortunes to improve this year, after having been weighed down by soft demand in end markets like PCs. The chip industry does not seem to be out of the woods yet , but we’re continuing to back AMD over the long term. (See here for a full list of the stocks in Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
Packages move along a conveyor belt at an Amazon Fulfillment center on Cyber Monday in Robbinsville, New Jersey, on Monday, Nov. 28, 2022.
Stephanie Keith | Bloomberg | Getty Images
Good riddance, 2022.
Tuesday officially marked the start of a new year on Wall Street, and while there is no guarantee 2023 will be a great one for stocks, for now it’s nice to turn the page on the worst year since 2008.
Florida’s State Parks are stepping up their environmental and operational game, introducing a large fleet of powerful electric bikes to support park ranger patrols.
The Florida State Parks Foundation, under its sustainability-focused Greener Initiative, recently announced the expansion of e‑bike units across the state’s parks system. The fleet of Velotric Nomad e-bikes, each equipped with 750‑watt motors and with a claimed 65‑mile range, can offer a substantial 500‑lb payload capacity. They also feature 4″ wide fat tires optimized for riding on rough paths or off-road trails, making them ideal for park ranger patrols.
These e‑bikes are now being distributed to multiple locations throughout Florida, including Fort Clinch, Olustee Battlefield Historic, Rainbow Springs, Stephen Foster Folk Culture Center, and Suwannee River State Park.
According to Julia Gill Woodward, CEO of the Foundation, the overwhelming success of the first wave of e‑bikes prompted swift expansion. “The Greener Initiative has done incredible things to reduce our environmental footprint,” she noted, adding that it’s “even more amazing when Greener projects align with resources that support our rangers.”
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These additions bring the statewide fleet to 50 e‑bikes, funded via sales from the “Explore Our State Parks” specialty license plate. Starting in 2023, the Greener Initiative has rolled out a variety of efforts to make Florida’s parks cleaner and more efficient, including slashing emissions, cutting down on waste, lowering energy consumption, and enhancing the overall experience for visitors.
Electrek’s Take
I love this, and it’s a great example of how e-bikes are perfect for so many different patrol uses among park rangers, police officers, security companies, and other types of official fleet usage.
We’re seeing this more and more, and the reason is obvious: It works. E-bikes are a lot cheaper than alternatives like UTVs, golf carts, or “real” vehicles like cars and trucks. They require significantly less maintenance, and they’re a lot more fun too.
I just hope they mount some extra water bottle holders. I often ride in Florida, and in the summer, I can drink a gallon a day… on an electric bike!
Via: WCJB
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Lucid’s most adventurous vehicle has just arrived. The Lucid Gravity can drive 450 miles on a single charge, comfortably fits seven, and is faster than the average sports car. Lucid promises the new X concept takes the electric family hauler to a new level.
Meet the Lucid Gravity X adventure-ready EV SUV
Lucid has been hyping the new model as “a bold new concept of electric exploration,” describing it as its most adventurous vehicle to date.
At Monterey Car Week on Friday, we finally got our first look at Lucid’s stunning new Gravity X concept. Based on the Lucid Gravity Grand Touring, which features an impressive up to 450 miles of EPA-estimated range, AWD, and a 0 to 60 mph sprint in just 3.4 secs, the X is designed to take you even further.
As Lucid put it, the X “advances this exceptional foundation, exploring what it would be like to push the limits further.
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The concept features a new look, lifted ride height, and added off-road elements for all on and off-road adventures. Lucid fine-tuned the front and rear ends to improve approach and departure angles. It also slapped all-terrain tires, protective skid plates, and tow hooks on it, just in case.
The Lucid Gravity X concept (Source: Lucid Group)
Like we first saw in the teaser, the X concept is equipped with an integrated crossbar with LED lights and a roof box.
Lucid says every detail on the new concept was intentional, from the Astral Drift satin paint to the topographical references to Big Spur and Death Valley on the hood.
The interior features upgrades, including premium leather seats, high-performance floor mats, and a microsuede steering wheel.
The interior of the Lucid Gravity X (Source: Lucid Group)
According to Lucid, the Gravity X, pronounced Gravity Cross, is “ready to go anywhere. Take on everything. And compromise nothing.”
Although it’s just a concept for now, the X gives us a glimpse into a future off-road Gravity trim. As we mentioned earlier this week, Lucid could be preparing to introduce a rugged new variant to compete with Rivian’s California Dune Edition R1S and R1T models.
What do you think of the rugged Gravity X Concept? Should Lucid bring it to life? It wouldn’t be surprising to see a new variant hit the market soon.
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This week on Electrek’s Wheel-E podcast, we discuss the most popular news stories from the world of electric bikes and other nontraditional electric vehicles. This time, that includes new e-bikes from Heybike, the Priority Skyline launch, Segway’s new 50 MPH electric scooter, a Bafang hub motor with automatic shifting, and more.
The Wheel-E podcast returns every two weeks on Electrek’s YouTube channel, Facebook, Linkedin, and Twitter.
As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.
After the show ends, the video will be archived on YouTube and the audio on all your favorite podcast apps:
We also have a Patreon if you want to help us to avoid more ads and invest more in our content. We have some awesome gifts for our Patreons and more coming.
Here are a few of the articles that we will discuss during the Wheel-E podcast today:
Here’s the live stream for today’s episode starting at 9:00 a.m. ET (or the video after 10:00 a.m. ET):
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