Wells Fargo (WFC) and Halliburton (HAL) headline a group of five dividend-paying Club stocks that are expected to post robust earnings growth this year. The bank and oilfield services firm jumped off the page in our latest screen of Jim Cramer’s Charitable Trust, the portfolio we use for the Club. We wanted to see which holdings are projected to boost per-share earnings this year well above the roughly 2% earnings growth estimated for the overall S & P 500 . We sought to ensure they’re paying dividends, too, an important part of capital return strategies along with share repurchases. (We highlighted the Club’s buyback royalty last week.) Investors should also pay attention to valuation, so we excluded stocks trading above the S & P 500’s multiple of 18 times forward earnings. (Calculating a forward price-to-earnings ratio, a common valuation metric used by investors to compare stocks, starts with a company’s stock price or an index level and then dividing it by the next 12 months earnings-per-share estimates.) The full list of stocks that passed this screening test: Wells Fargo, Halliburton, Cisco Systems (CSCO), Caterpillar (CAT) and Morgan Stanley (MS) Before we get into some commentary on each, here are the full parameters we used for this analysis as of the close after Tuesday’s Federal Reserve-driven selloff. Calendarized 2023 EPS growth of at least 10%. Current dividend yield above 1% Forward price-to-earnings ratio of 18 or below. Note: For this story, we used calendarized earnings and estimates – meaning, we compared what a company earned in calendar 2022 to what Wall Street expects it to earning in calendar 2023. Because companies follow different fiscal years – many end in December, but some end in June and others in January or September – this approach offer some standardization. This allowed for better comparison to Wall Street’s 2023 estimates for S & P 500 earnings. 1. Wells Fargo Estimated 2023 EPS growth: 50.7% Dividend yield: 2.7% Forward P/E: 9.4 WFC 1Y mountain Wells Fargo’s stock price over the past 12 months. Bank stocks came under pressure Tuesday. However, we like Wells Fargo over the long term, believing the bank’s turnaround efforts under CEO Charlie Scharf will continue to create value. More immediately, management’s expense discipline is poised to support earnings this year, on top of the benefit Wells Fargo receives from higher interest rates. Wells Fargo’s dividend rewards investors for their patience, plus its buyback was restarted this quarter. We have a buy-it-here 1 rating on Wells Fargo. The average price target from analysts covering the stock represents a 20% gain from Tuesday’s close of $44.45 per share. 2. Halliburton Estimated 2023 EPS growth: 41.02% Dividend yield: 1.7% Forward P/E: 12.43 HAL 1Y mountain Halliburton’s stock performance over the past 12 months. Demand for Halliburton’s services is robust following years of underinvestment in drilling capacity, which helps give the company tremendous pricing power to boost profitability. “Our completions calendar is fully booked and pricing continues to improve across all product service lines,” CEO Jeff Miller said on Halliburton’s most recent earnings call, in late January. We’re also fans of Halliburton’s new plan to return at least half of its annual free cash flow back to shareholders through dividends and buybacks. While that strategy is similar to those deployed by the Club’s three other energy stocks — Pioneer Natural Resources (PXD), Coterra Energy (CTRA) and Devon Energy (DVN) — Halliburton is a different kind of company. This makes its earnings relatively less dependent on the price of oil than those three exploration and production (E & P) firms. We have a 2 rating on HAL shares, meaning we’d wait for additional weakness before considering whether to add to our position. The average price target from analysts who cover Halliburton is roughly 31% above Tuesday’s close of $37.85. 3. Cisco Systems Estimated 2023 EPS growth: 14.88% Dividend yield: 3.2% Forward P/E: 12.38 CSCO 1Y mountain Cisco’s stock performance over the past 12 months. Cisco’s sales and profits have topped Wall Street expectations for three quarters in a row, including its most recent report, in mid-February , which was accompanied by a full-year guidance hike for revenue and earnings. However, questions still persist about whether Cisco is just feasting on the sizable backlog accumulated during the Covid pandemic and could run into challenges once it normalizes. With that skepticism about new order growth present, Cisco shares are up less than 1% since the company’s impressive results Feb. 15. We have a 2 rating on the stock. Meanwhile, the average price target from Cisco analysts on Wall Street is about 16% higher than where the stock closed Tuesday at $48.91 per share. 4. Caterpillar Estimated 2023 EPS growth: 14.71% Dividend yield: 2% Forward P/E: 15.5 CAT 1Y mountain Caterpillar’s stock performance over the past 12 months. Like Halliburton, Caterpillar sells into end markets that are prosperous and well-positioned to stay that way for the foreseeable future. Caterpillar, in particular, benefits from Washington’s infrastructure spending bill, which funds projects that need the company’s construction and mining equipment. This demand for Caterpillar’s products should allow the industrial powerhouse to raise prices when necessary, a dynamic that’s good for earnings and on display in its fourth-quarter results . We have a 1 rating on the stock. The average price target from analysts covering the stock implies a 4% gain from Tuesday’s close of $246.14 per share. 5. Morgan Stanley Estimated 2023 EPS growth: 13.84% Dividend yield: 3.2% Forward P/E: 13.3 MS 1Y mountain Morgan Stanley’s stock performance over the past 12 months. Morgan Stanley’s business transformation — from the boom-and-bust world of investment banking into the more stable realm of asset management — is core to our rationale for being shareholders. And, it’s continuing to play out according to plan. We see the bank as a stock to hold for the long term. In addition, Morgan Stanley pays a solid dividend, yielding over 3% annually at current levels, and buys back healthy amounts of stock. That rewards us for our patience. We have a 2 rating on Morgan Stanley shares. The average price target from analysts who cover Morgan Stanley is about 6% above the stock’s closing price of $96.06 on Tuesday. (Jim Cramer’s Charitable Trust is long WFC, HAL, CSCO, CAT and MS . See here for a full list of the stocks.) 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.
Workers walk towards Halliburton Co. “sand castles” at an Anadarko Petroleum Corp. hydraulic fracturing (fracking) site north of Dacono, Colorado, U.S., on Tuesday, Aug. 12, 2014.
Jamie Schwaberow | Bloomberg | Getty Images
Wells Fargo (WFC) and Halliburton (HAL) headline a group of five dividend-paying Club stocks that are expected to post robust earnings growth this year.
Tesla filed for a patent which looks like it could be the promised “SpaceX package” which it will supposedly include on its oft-delayed next-gen Roadster. But will the system let the Roadster “fly,” as CEO Elon Musk has promised?
The idea, at the time, was for the Roadster to provide a “hard-core smack down to gasoline powered cars,” and our speculative technical analysis of the announced specs suggested that this could certainly be the case. The car was slated for a 2020 release.
However, 8 years later, you may have noticed that you have not seen a next-gen Tesla Roadster on the road yet. So we will have to wait to see if all those promised statistics will bear out, or if it’s all just smoke and mirrors.
But today, we got the first positive verification of progress on a probable Tesla Roadster performance improvement that we’ve seen in a long time – or maybe ever.
It comes in the form of a patent filed with the US patent office which seems to show something somewhat similar to the “SpaceX package” that CEO Elon Musk has referred to repeatedly, claiming that the car will use “cold gas thrusters” to “fly.”
How Musk described Tesla’s “SpaceX package”
The point of the SpaceX package was always to add additional performance that is not attainable by traction alone.
Currently, a lot of electric cars have so much torque that they are “traction-limited,” which is to say, their tires cannot possibly accelerate them in any direction any faster than they currently do. You can add more power or bigger brakes, but it doesn’t matter, the limiting factor is the tires (and the weight…).
So you have to find other creative ways to get more performance. Lots of cars do this with aerodynamic surfaces like wings/spoilers to add downforce, which pushes the car to the ground so the tires can work a little harder. But there are limits to how much downforce you can add, and what speeds it works at.
This is where the SpaceX package would come in – it would presumably add additional thrust in a given direction, adding acceleration in whichever direction you choose.
The way that Musk has described it in the past, using “cold gas thrusters,” made it seem like there would be thrusters strategically placed around the vehicle to provide either forward or lateral acceleration, or deceleration in order to help the car stop.
However, Musk also described the car as being able to “fly,” which makes no sense whatsoever.
As mentioned above, downforce is an effective way to get more performance out of a vehicle when you are otherwise traction-limited. But flying would take upforce, not downforce, and that’s not a term anyone uses because it’s totally useless for any performance benefit and there’s absolutely no reason anyone would ever want to do that to a car – unless you’re trying to play a trick on Mark Webber or something.
(Yes, I’m aware of the jumping Yangwang U9. That’s a demo of active suspension, which does add performance benefit, and using that system to “jump” doesn’t add any unnecessary weight or complexity to the active suspension system, unlike downward-pointed thrusters which would be wholly unnecessary beyond providing a demo).
Thankfully, someone who knows how physics works showed up and reason has prevailed, and it looks like the system, as proposed, doesn’t do any of that nonsense Elon Musk was talking about. Instead, it does what it should have done all along – it acts as a “fan car,” a concept that has existed in automotive circles since the early 1970s.
Tesla’s actual patent shows old “fan car” tech, with a twist
There have been several “fan cars” or “ground effect cars” in the past, which operate with powerful fans to blow air out from underneath the vehicle, combined with side skirts underneath the car to reduce the amount of air that can replace it. This creates a low-pressure vacuum effect, and “sucks” the car to the ground (more accurately, ambient air pressure from above pushes the car to the ground, physics teachers please do not email me about how nothing sucks in physics).
Tesla’s patent shows a design that looks very similar to concepts that we’ve seen before in the automotive realm, but with some new tech applied. Have a look:
It has the fans and the side skirts, just as one would expect. And it shows the rough design of what the system might look like – a hexagonal-ish shape underneath the vehicle, with fans presumably at the rear of the vehicle to exhaust air to create the vacuum effect.
Tesla goes on to say that these skirts and fans could be controlled automatically by vehicle systems in order to offer different performance benefits in different situations. This is where we start to see the new tech – like adding the modern concept of active aerodynamics to the concept of fan cars.
Rather than deploying the skirts the same way in all modes, there could be different modes for a prepared track surface which is known to be high quality and flat, or for a more uneven road surface where you might not be able to create as secure of a seal with the maximum-downforce configuration.
This is an issue with fan cars – they only work on the right kind of surface. If air leaks in to the vacuum region under the vehicle, you can’t really create as much negative pressure as you’d like. That’s why the side skirts are necessary, but of course that doesn’t work if there are potholes, unsecured manhole covers, and the like.
Tesla also says the system could have different configurations for low- and high-speed operations, adjust the skirts based on vehicle weight transfer, or potentially detect upcoming road conditions and modify configuration based on what the car sees ahead. And mention of deploying the skirts based on GPS position lends itself to the idea that Tesla could create specific settings to optimize performance for track use, or even individual corners on tracks.
Is this the “SpaceX Package,”or something else?
Tesla has said for years that the Roadster would have a “SpaceX package” to increase the performance even further than the specs it mentioned in the original unveiling event. This was meant to use expertise from SpaceX, another company Musk runs, and whose primary facility is sited on the same Hawthorne, CA property as Tesla’s Design Studio.
At least one of the designers listed on Tesla’s “fan car” patent, David Lemire, worked at both Tesla and SpaceX in the past, before leaving and then returning to Tesla as a senior engineer on Tesla’s “new programs” team.
However, there is no mention in the document of “fly,” “flight,” “thruster,” “rocket” or “lift.” Nothing like the “cold gas thrusters” package that Musk has spent years telling us will make the car fly – and in fact, the exact opposite, as this will suck the car to the ground, not make it fly at all.
This could mean that Tesla has another idea in mind which will use thrusters, and will be applied in addition to this “fan car” idea.
Theoretically, adding lateral thrusters around the car could still add a performance benefit over and above the fan car idea, so these could be used in tandem, though it would add a lot of complexity to the vehicle. But these may or may not be worth the added weight – and they definitely wouldn’t be worth the weight if they’re directed in such a way to make the car able to “fly.”
Or it could be that the “fan car” patent will be applied to cars like the Model S Plaid, which has set racing records, and Tesla has another trick up its sleeve for the Roadster.
Or… this is what the SpaceX package was all along, and Musk was just running his mouth about the car flying. Which would be the best option, to be honest, because it’s dumb to pretend that flight would add any performance benefits to a sportscar.
Regardless, the fan car idea is an actual interesting performance idea, and it would actually work, unlike some of the previous public statements made by Tesla’s CEO. So it’s nice to see some sort of progress that could be applied to a performance car, after so many years of waiting.
But… does it matter anymore?
With so many performance EVs, does this matter?
The problem is that in the intervening 8 years since the Roadster was first introduced, some other electric cars with truly wild specs have already hit the road, and have delivered the “hard core smack down” that Tesla promised.
We’ve got the Rimac Nevera R, a 2,078hp electric car that can hit 300km/h (186mph) a full 3.5 seconds faster than a Bugatti Chiron Super Sport. We’ve got the Lotus Evija X, which set the third-fastest Nurburgring lap ever, only beaten by two one-off, track-only, purpose-built racecars (one of which is a hybrid, the other is electric).
And in the realm of actual consumer-available vehicles, we have the Xiaomi SU7 Ultra – made by a smartphone company, mind you – with 1,548hp and record-setting performance of its own.
So anybody who tells you these days that EVs aren’t fast is just… embarrassingly wrong. They’ve had their head in the sand for at least 19 years. It’s honestly a bit boring at this point.
So, what’s left for Tesla to do? The smack down has been delivered, and delivered by many other companies, startups and otherwise. I mean, heck, we’ve got a company that went from making phones to beating Porsche on its home track in the course of less than three years worth of development. Everyone is aware of how easy it is to beat complex, inefficient gas engines at this point.
A fan car seems like it could be a worthy addition to this menagerie, another way to deliver the smack down, as none of the above EVs have leveraged this particular type of active aerodynamics for a performance benefit, so Tesla could have something unique here….. oh, wait.
It turns out that someone else has done an electric fan car already. The McMurtry Spierling already has this idea, and it’s an absolute beast. It’s already the fastest car ever at Goodwood thanks to the 2,000kg of downforce that it makes with the huge fans underneath the roughly 1,000kg vehicle, even at 0mph where traditional aerodynamic surfaces provide no benefit whatsoever.
And if it seems interesting that one of those numbers is bigger than the other, well, yes, McMurtry has done that too – it briefly drove the car upside down just to show off how much downforce its fans can make, which we would say might qualify as “the most epic demo ever.”
That said, the Spierling is just one application of the idea, and it’s not like more cars can’t try something similar.
Also, it looks like Tesla’s solution would add a lot of adaptibility that McMurtry’s doesn’t have. Not only is the Spierling a purpose-built, track-focused single-seat racecar whereas the Roadster would be a regular roadgoing sportscar, but also Tesla’s flexible solution described in the patent would allow travel on less track-prepped terrain.
This would make the concept of a fan car much more practical for real life – as long as you’re not somewhere where you wouldn’t want to spray high-velocity pebbles out of the back of your vehicle. Maybe there’s a reason nobody has done this on a consumer vehicle yet (that said, Tesla includes a filter to stop the spray of dust and pebbles in the patent).
But in terms of real-life applications, there is also the consideration of driver skill. Drivers of performance vehicles get used to their car’s limits and learn where those limits are. But with a presumably enormous amount of adjustable downforce, those limits could change drastically based on road conditions.
We could see this being a dangerous situation if drivers think they’re in max-downforce mode but aren’t, and suddenly find mid-turn that the car is a lot less capable than they thought it was. So we’ll have to see if this mode is track-only or what.
For now, the main question is whether Tesla will ever make this thing, given that it’s already five years late. Any takers?
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Sam Altman, CEO of OpenAI attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., on July 8, 2025.
David A. Grogan | CNBC
OpenAI is in talks with investors about a potential stock sale at a valuation of roughly $500 billion, according to two sources with knowledge of the matter.
The talks are in early stages and would involve a secondary sale with shares sold by current and former employees, said the people, who asked not to be named because the discussions are confidential. Thrive Capital, an investor in OpenAI, could lead the potential round, the sources said.
Bloomberg was first to report on the latest talks.
OpenAI’s valuation has been on a continuous upswing since the artificial intelligence startup launched ChatGPT in late 2022 and quickly established itself as the leader in generative AI. The company announced a $40 billion funding round in March at a $300 billion, by far the largest amount ever raised by a private tech company.
Last week, OpenAI announced its most recent $8.3 billion tranche tied to that funding round.
OpenAI released two open-weight language models on Tuesday for the first time since it rolled out GPT-2 in 2019. The models aim to serve as lower-cost options that developers and researchers can easily run and customize, OpenAI said.
The company said earlier this week that ChatGPT was about to hit 700 million weekly active users.
OpenAI rival Anthropic, meanwhile, is in talks to secure between $3 billion and $5 billion in new funding led by Iconiq Capital at a potential $170 billion valuation, up from $61.5 billion in March.
CNBC previously reported that OpenAI’s annual recurring revenue is projected to top $20 billion by year-end, up from $10 billion in June.
Electric cars don’t have intakes and exhausts, so they can’t get hydrolocked in deep water the way ICE-powered cars can – but that doesn’t make them amphibious. Nobody told this Texan Chevy Bolt EUV owner that, and when they got caught on the wrong side of the floodwaters, they licked the stamp and sent it!
The recent catastrophic flooding in Texas has brought unimaginable tragedies and hardships to thousands of people who unquestionably deserve better, and living through something like that can lead people to make some rash decisions (I made it through the aftermaths of Hurricanes Andrew and Katrina, AMA). Rash decisions like pulling up to a tunnel flooded in nearly three feet of water, and deciding to stand on the gas.
Think I’m exaggerating? Watch this Chevy Bolt EUV go full “Boat Mode” as its driver decides that dealing with whatever unseen obstacle or deadly live wires concealed by the floodwaters are less annoying than having to find an alternative route for yourself.
Submerging an EV that wasn’t designed for it (or even a Cybertruck, which allegedly was), isn’t exactly advisable. In addition to the underwater threats, submerging the skateboard in water could damage sensitive electrical connectors, compromise battery seals, and cause shorts in circuit boards over time.
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“Even more critically, water ingress into high-voltage systems can pose serious safety risks, including electrical faults or, in rare cases, thermal events,” writes Jonathan Lopez, over at GM Authority. “Although the Bolt EUV in this instance completed its soggy journey successfully, long-term effects may still emerge.”
In other words: don’t try this at home.
Electrek’s Take
Chevy Bolt EUV, via GM.
Like, don’t try this at home … but it’s pretty awesome.
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