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.
Tesla and Rivian have been embroiled in a lawsuit in which the former accused the latter of having stolen battery technology by poaching Tesla employees.
It sounds like the two automakers are finally about to settle the lawsuit, which has been going on for 4 years.
When Tesla filed the lawsuit, it wasn’t clear what trade secrets Tesla was claiming Rivian had stolen. However, we noted that the employees listed in the lawsuits were two recruiters, an EHS manager, and a manager of Tesla’s charging networks.
The automaker claimed that these employees brought “documents consisting of highly sensitive trade secret, confidential, and proprietary engineering information” when they went to work for Rivian.
Over a year later, we now learn that Tesla had notified the court that it expects to file to get the lawsuit dismissed after reaching a conditional agreement with Rivian. The company didn’t disclose the details of the settlement (via Bloomberg):
Tesla didn’t disclose specifics about the agreement in a court filing, but told a California state judge that it expects to seek dismissal of the case by Dec. 24 upon satisfactory completion of the terms.
Neither Tesla nor Rivian have commented on the reported settlement.
While Tesla has claimed that it somewhat open-sourced its patents, we have previously noted that it’s not exactly the case. Tesla claims to let other companies use its patented technology as long as they themselves don’t sue them over patent rights.
And in this specific case, Tesla alleges that Rivian has specifically hired employees to steal technologies. Again, Rivian has denied the allegation.
Electrek’s Take
The terms are unknown, but in similar cases, it often involves things like some level of access to make sure that no proprietary technology is being used or has been used.
The lawsuit is not exactly clear, but based on the timeline and the allegations of “next-gen batteries”, Tesla could have been talking about its 4680 battery cells, although those are cells. It could also be the structural battery pack.
French infrastructure specialists Proviridis have partnered with EVSE manufacturer Kempower to deliver a novel, underground charging solution for electric semi trucks designed to easily integrate into existing truck depots.
By installing its high-powered charging cabinets underground and integrating the charging cables into a solid metal pipe, Kempower and Proviridis have been able to make room for high-powered charging points in an existing truck depot that didn’t have enough space to install either conventional EVSE or overhead “drop lines.”
For the pilot, the metal pipe is painted in a striking yellow color to make it easier to see while maneuvering the lot, and keeping the dispensers themselves more protected than conventional concrete bollards. The 600 kW power cabinet is positioned a few yards away – a typical space-saving Kempower solution – and connected to the charge points by underground cable.
Proviridis believes their solution provides enough of a competitive advantage that fleet buyers looking to electrify will be eager to give it a try.
“The product is durable across a wide spectrum of temperatures and conditions, requires minimal ventilation, and can cater for a wide range of customer needs,” explains Olivier Verdu, Technical Director at Proviridis. “These are features which perfectly place the Kempower solution for this type of charging configuration in a logistics environment.”
In honor of Black Friday and Cyber Monday, eBike specialist Buzz Bicycles is offering an exclusive discount for Electrek readers on its Centris Class 2 Folding Bike.
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Buzz Bicycles is back with an exclusive new deal
Buzz Bicycles has been a mainstay on Electrek for a few years now, as we have covered several of its electric bikes, which suit riders of all skill levels and help them “Buzz through life.” Buzz is an omnichannel eBike brand that prioritizes direct-to-consumerism and has found success in its mission to deliver ultimate transportation solutions at an excellent value for its growing base of eBike enthusiasts.
The company strives to deliver riders a “Wow moment,” which is usually brought on as they feel the pedal assist function kick in. This feature delivers all you need to conquer hills and longer rides while enjoying new adventures with friends.
The Buzz team has utilized decades of industry experience into its portfolio of eBikes, all conceived and designed in Dayton, Ohio. The company, which operates under the United Wheels umbrella alongside brands like Huffy Bicycles, Niner Bikes, and Batch Bicycles, has adopted an ethos that the freedom of riding should be fun and accessible for everyone, no matter what adventure lies ahead.
By leveraging the global presence of its parent company, Buzz Bicycles can make good on its promise to deliver affordable eBikes that are comfortable, powerful, and safe, much like the Centris Folding eBike, which is as versatile and compact as it is fun. The exclusive deal Buzz Bicycles is offering on the Centris makes it even more fun. You can take advantage of it below.
But first, you’ll want to learn about the capabilities of this foldable eBike to truly understand its value, as well as what accessories are available to level up your purchase.
The Buzz Centris is an easy to ride foldable eBike for all
The Buzz Centris is a Class 2 Folding eBike built for comfort and convenience no matter where you take it. At full size, the Centris’ step-through frame offers a low step-over height of just 16 inches, perfect for riders of all sizes, enabling easy transitions from ground to saddle for its riders.
When you’re not riding, the Centris from Buzz Bicycles folds neatly to 34 inches in length and 22 inches in height, making it easy to store at home or to carry in a vehicle on the way to your next ride. Furthermore, the assembled bike only weighs 68 pounds, making it easy to transport.
You can easily navigate tougher terrain on the Centris thanks to the eBike’s 20″ x 4″ knobby tires and front suspension. The bike is powered by a 48V, 500-watt-hour (Wh) battery pack that can propel it to a top speed of 20 mph for an all-electric range of up to 40 miles on a single charge.
Additionally, this folding model from Buzz Bicycles comes equipped with both a front and rear rack, offering versatile cargo-carrying options so you can customize your ride with a variety of Buzz accessories.
Like all Buzz eBikes, the Centris is tested and deemed compliant with the UL2849 standard. This standard covers the entire electric bicycle system, including the motor, battery, controller, and charger, offering the highest safety standards for added peace of mind.
The Centris Class 2 folding bike from Buzz is available in two colors: Gloss White or Matte Black. This $1,199 eBike is currently reduced to $899 – and you can score an additional $200 off with this exclusive promo, but only for a limited time.
With the purchase of any Buzz eBike, including the Centris, you are guaranteed the following:
10-year limited warranty (lightweight aluminum frame protected for full 10 years)
2-year limited warranty (electrical components covered by 2-year warranty for peace of mind)
6-month limited warranty (additional bike components protected by a 6-month warranty)
Are you interested in the Centris from Buzz Bicycles? You’ve come to the right place. Starting today, while supplies last, you can take advantage of an additional $200 off the sale price by using promo code “ELECTREK200.“ That’s a $500 discount in total!
We highly recommend perusing Buzz’s entire lineup of products. They are designed for commuters and casual riders, with technology and features that help you quickly feel comfortable riding. If you are new to the world of E-transportation, Buzz Bicycles is the brand for you.
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