Four Club holdings — including Meta Platforms (META) and Pioneer Natural Resources (PXD) — are among the 12 best-positioned stocks right now, investment bank Bernstein told clients Wednesday. We share the favorable outlook on Meta and Pioneer, but aren’t as high on the two other Club names Bernstein highlighted: Qualcomm (QCOM) and Devon Energy (DVN). Understanding Bernstein’s note: The list of 12 stocks were screened for rosy six-month outlooks, using both quantitative modeling and fundamental forecasts from the firm’s research analysts. Bernstein says that since 2004, stocks that are both rated outperform (buy) by its analysts and in the top quintile (or top 20%) of its proprietary quant model beat the S & P 500 by 6.1% on annualized basis. Those stocks are held in high regard because they also did better than those simply rated buy or in the top quintile of the quant model, according to Bernstein. A third characteristic shared by all 12 stock is not being a so-called “crowded trade,” as measured by Bernstein’s Crowding Model. Meta Platforms Bernstein’s take: Meta’s aggressive cost-cutting efforts are likely factored into the social media giant’s stock price in full, according to the firm. But investors may adopt an even more positive attitude toward Meta if the company is able to return to topline revenue growth in the coming months. Analysts expect that to happen due to general improvements in the advertising market and internal changes at Meta to overcome Apple ‘s (AAPL) 2021 privacy changes. META 1Y mountain Meta Platform’s 12-month stock performance. The Club’s take: Meta CEO Mark Zuckerberg has delivered on the expense-reduction strategy that investors including the Club sought, and that’s a big reason why the stock has soared nearly 70% already in 2023. We’re careful about chasing the stock after such a monster move. But big picture, shares should have more room to run and any pullbacks are buying opportunities. Meta rose 2% on Wednesday to just under $205 per share. Pioneer Natural Resources Bernstein’s take: Pioneer has “the simplest and most reliable” operating model within the energy sector, analysts wrote. The firm also championed Pioneer’s variable dividend policy, saying they expect the pure-play Midland Basin producer to continue returning a ton of free cash flow to shareholders over the next five years. Bernstein expects that capital return to equal roughly 40% of its current $47 billion market cap. PXD 1Y mountain Pioneer Natural Resources’ 12-month stock performance. The Club’s take: As we look to consolidate our energy holdings to three stocks from four, Pioneer isn’t going anywhere. A key reason is CEO Scott Sheffield and the operational excellence he’s demonstrated, which aligns with Bernstein’s fundamental outlook on the company. We added to our Pioneer position twice this month — most recently last week at roughly $185 per share, believing that the sell-off in oil stocks grew largely overdone. Pioneer shares rose 1% on Wednesday to roughly $200 each. Qualcomm Bernstein’s take: Wall Street has revised lower its Qualcomm estimates to capture continued inventory challenges in the smartphone market, and now the chipmaker’s shares present investors “with a compelling risk-reward” relative to industry peers, according to the firm. Analysts believe Qualcomm’s inventory glut is starting to improve, and note the stock trades at a sizable discount to the broader semiconductor industry: roughly 12 times forward earnings compared with 23 times for the PHLX Semiconductor Sector index. QCOM 1Y mountain Qualcomm’s stock performance over the past 12 months. The Club’s take: As of now, we’re looking to exit our position in Qualcomm if the stock trades up into the $130s range, which would be a solid move from the $117 level we upgraded the stock at earlier this month. In general, Nvidia (NVDA) and Advanced Micro Devices (AMD) provide us with higher-quality exposure to the chip industry. Seeing strength along with the rest of the chipmakers, Qualcomm rose more than 3.5% to roughly $126 per shre. Devon Energy Bernstein’s take: The firm sees Devon as the best “turnaround story” in the U.S. shale sector, noting that past performance has sometimes been “marred by shaky strategic decisions.” Analysts believe that such issues have been straightened out with a corporate ethos focused on returning capital to shareholders, similar to Pioneer. Devon, like PXD, rose Wednesday, adding roughly 2.5% to nearly $50 per share. DVN 1Y mountain Devon Energy’s 12-month stock performance. The Club’s take: We expect to strategically sell out of Devon into strength, refocusing our energy holdings into what we think are better opportunities. Simply put, we’ve determined we no longer need to own three different exploration and production (E & P) firms: Devon, the aforementioned Pioneer and natural-gas heavy Coterra Energy (CTRA). Devon’s most-recent quarterly results were disappointing and informed this conclusion. When we decide to exit Devon, we will free up some much needed space in the portfolio for other opportunities. (Jim Cramer’s Charitable Trust is long META, QCOM, NVDA, AMD, PXD, DVN, AAPL. 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.
The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022.
Arnd Wiegmann | Reuters
Four Club holdings — including Meta Platforms (META) and Pioneer Natural Resources (PXD) — are among the 12 best-positioned stocks right now, investment bank Bernstein told clients Wednesday.
Over the weekend, Tesla began offering many Cybertruck trade-in estimated values above the original purchase price, apparently due to a glitch in its system.
Tesla offers online trade-in estimates for individuals considering purchasing a vehicle from them.
Over the last few days, Cybertruck owners who submitted their vehicles through the system were surprised to see Tesla offering extremely high valuations on the vehicle, often above what they originally paid for the electric truck.
Here are a few examples:
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$79,200 for a 2025 Cybertruck AWD with 18,000 miles. Since this is a 2025 model year, it was eligible for the tax credit and Tesla is offering the same price as new without incentive.
Here Tesla offered $118,800 for a 2024 Cybertruck ‘Cyberbeast’ tri-motor with 21,000 miles.
In this example, Tesla offers $11,000 more than the owner originally paid for a 2024 Cybertruck.
So, trade in the Foundation Series Cybertruck AWD for $11k more than I paid for it originally, re-buy an AWD with FSD for $79,490 after the tax credit.
I’d lose free supercharging for life, Cyberwheels, and white interior.
The trade-in estimates made no sense. Tesla has been known to offer more attractive estimates online and then come lower with the official final offer, but this is on a whole different level.
Some speculated that Tesla’s trade-in estimate system was malfunctioning, while others thought Tesla was indirectly recalling early Cybertrucks.
It appears to be the former.
Some Tesla Cybertruck owners who tried to go through a new order with their Cybertruck as a trade-in were told by Tesla advisors that the system was “glitching” and they would not be honoring those prices.
Tesla told buyers that it would be refunding its usually “non-refundable” order fee.
Electrek’s Take
That’s a weird glitch. I assume that it was trying to change how the trade-in value would be estimated and the new math didn’t work for the Cybertruck for whatever reason.
It’s the only thing that makes sense to me.
The Cybertruck’s value is already quite weird due to the fact that Tesla still has new vehicles made in 2024, which are not eligible for the tax credit incentive, while the new ones made in 2025 are eligible.
There’s also the Foundation Series, which bundles many features for a $20,000 higher price.
All these things affect the value and can make it hard to compare with new Cybertrucks offered with 0% interest.
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Like a 90s “gifted” kid that was supposed to be a lot of things, the electric Jeep Wagoneer S never really found its place — but when dealers started discounting the Jeep brands forward-looking flagship by nearly $25,000 back in June, I wrote that it might be time to give the go-fast Wagoneer S a second look.
Whether we’re talking about Mercedes-Benz, Cerberus, Fiat, or even Enzo Ferrari, outsiders have labeled Jeep as a potentially premium brand that could, “if managed properly,” command luxury-level prices all over the globe. That hasn’t happened, and Stellantis is just the latest in a long line of companies to sink massive capital into the brand only to realize that people will not, in fact, spend Mercedes money on a Jeep.
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That said, the Jeep Wagoneer S is not a bad car (and neither is its totally different, hideously massive, ICE-powered Wagoneer sibling, frankly). Built on the same Stellantis STLA Large vehicle platform that underpins the sporty Charger Daytona EVs, the confusingly-named Wagoneer S packs dual electric motors putting out almost 600 hp. That’s good enough to scoot the ‘ute 0 to 60 mph in a stomach-turning 3.5 seconds and enough, on paper, to convince Stellantis executives that they had developed a real, market-ready alternative to the Tesla Model Y.
With the wrong name and a sky-high starting price of $66,995 (not including the $1,795 destination fee), however, that demand didn’t materialize, leaving the Wagoneer S languishing on dealer lots across the country.
That could be about to change, however, thanks to big discounts on Wagoneer S being reported at CDJR dealers in several states:
Jeff Belzer’s in Minnesota has a 2025 Wagoneer S Limited with a $67,790 MSRP for $39,758 ($28,032 off)
Troncalli CDJR in Georgia has a 2025 Wagoneer S Limited with a $67,590 MSRP for $42,697 ($24,893 off)
Whitewater CDJR in Minnesota has a 2025 Wagoneer S Limited with a $67,790 MSRP for $43,846 ($23,944 off)
Antioch CDJR in Illinois has a 2025 Wagoneer S Limited with a $67,790 MSRP for $44,540 ($23,250 off)
“Stellantis bet big on electric versions of iconic American brands like Jeep and Dodge, but consumers aren’t buying the premise,” writes CDG’s Marcus Amick. “(Stellantis’ dealer body) is now stuck with expensive EVs that need huge discounts to move, eating into already thin margins while competitors focus on [more] profitable gas-powered vehicles.”
All of which is to say: if you’ve found yourself drawn to the Jeep Wagoneer S, but couldn’t quite stomach the $70,000+ window stickers, you might want to check in with your local Jeep dealer and see how you feel about it at a JCPenneys-like 30% off!
Jeep Wagoneer S gallery
Original content from Electrek; images via Stellantis.
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Multinational equipment brand SANY just launched a clever new 50-ton reach stacker that pairs gravity and an F1-style KERS system to generate electricity, improve operating efficiency, and reduce costs. The best part: they’re putting that smart tech to work by helping clean up (and shore up) the grid.
Short for Kinetic Energy Recovery System, KERS was a staple of Formula 1 in the late aught and 2010s. Essentially an advanced form of regenerative braking, KERS captured the kinetic energy of a car at speed that would normally be lost as heat when the brake pads pressed against the brake discs. Instead of heat, KERS converted that energy into electricity (storing it in a battery or flywheel), to be deployed later.
Sebastian Vettel explains KERS
4x WDC Sebastian Vettel explains KERS.
In practice, KERS gave drivers an extra boost of horsepower at the push of a button, enabling them to attack or defend their position on track and adding a fresh strategic element to the sport. In SANY’s case, that stored power is fed back into the reach stacker’s electric hydraulic system, reducing pressure loss across the high-pressure setup by 50%, and lowering the machine’s overall energy consumption by more than 60%.
Energy recovery is a key feature. The potential energy of the boom, lifting gear and energy storage cabinets during the boom’s descent can be recovered efficiently with an overall recovery efficiency of over 65%. That means every 1 kWh of consumption in lifting can be recovered by 0.4 kWh during descent.
The 50t reach stacker is available with a 512 kWh swappable battery pack that’s compatible with other SANY heavy equipment assets, and supports both DC fast charging when swapping isn’t practical or (for whatever reason) desirable.
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On a single charge and backed by the onboard KERS, that’s good enough for the machine can lift and move containers for more than 7 continuous hours, which SANY claims significantly reducing downtime for charging compared to other, similar equipment assets.
The new SANY reach stacker can stack six 50-ton containers, greatly enhancing a site’s container and battery storage density within a limited space. The first units will reach unnamed customers building out a utility-scale energy storage project by the end of this month.
Regardless of which one you choose, it seems like the available options for reach stacker operators are just getting better and better!
SOURCE | IMAGES: SANY.
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