We’re always scanning the market, looking for opportunities to deploy capital as prices come down. With our expectation for more volatility ahead as the debt ceiling debate picks up, we’re waiting for the market to get into oversold territory before we start putting the bulk of our 10% cash position to work. Remember, when the S & P 500 Oscillator flashes oversold, and it’s getting very close, we look for bargains. After all, Wall Street is coming off a down week for the Dow and the S & P 500 and starting off Monday only modestly higher. With that in mind, we never want to ignore any possible opportunities the market is giving out. So, here are some thoughts on a couple of stocks in the portfolio. PANW YTD mountain Palo Alto Networks YTD Palo Alto Networks (PANW) shares fell more than 4% at one point Monday afternoon to a session low of $190.67, and we can’t find any reason for the decline. Taking a look around the market, some of the other big cybersecurity players like CrowdStrike (CRWD), Zscaler (ZS) and Fortinet (FTNT) were higher, making the drop in Palo Alto even more quizzical. The selling might be nothing more than some short-term profit-taking after Palo Alto rallied over 8% in last week’s struggling market. About half of those gains came last Monday after Zscaler preannounced a strong quarter and raised its full-year outlook. It’s been a mixed picture for the cybersecurity cohort lately, with Tenable (TENB) and Cloudflare (NET) putting up quarterly duds, while Zscaler was great. We can’t say for certain how Palo Alto is doing until it reports earnings after the closing bell on May 23, but it will likely be more in the Zscaler camp given its product leadership and management’s success at balancing growth with profitability and margin expansion. While we’re always hesitant to violate our average cost basis (meaning buy above it) because that’s our investment discipline, a decline like this on no news is tempting. It could be an opportunity for those who have been waiting to get into the stock. Our cost basis on PANW is $177.68. We have a 1 rating on it. Checking in on our energy producers, we debated Monday morning about adding to our positions in either Coterra Energy (CTRA) or Pioneer Natural Resources (PXD). We ultimately decided against pulling the trigger because both stocks were up and trading close to our last purchase. In the volatile energy sector, paying near recent prices and on up days hasn’t been a winning strategy. The real nasty days — when the commodities, oil and/or natural gas get crushed — are the times we want to be more opportunistic. We’ll get more interested in PXD if it falls to $200 and CTRA in the low $20s. Both stocks have 1 ratings. HON YTD mountain Honeywell YTD Here’s one more name we thought about buying: Honeywell (HON). Shares of this aerospace-focused industrial giant were up slightly Monday. But it’s been a disappointing 2023 for Honeywell with shares down roughly 9% year to date. We see the pullback this year as an opportunity for investors to start a position, and we are upgrading our rating to 1. Honeywell’s business has been resilient to the uncertain macroeconomic trends, leading to a clean beat and raise during the first quarter — thanks in part to the strength in the red-hot aerospace market. There’s a CEO transition at play here, with Vimal Kapur taking over for Darius Adamczyk on June 1, but Kapur will look for ways to create value for shareholders by reshaping the Honeywell portfolio in the direction he wants to take it. (Jim Cramer’s Charitable Trust is long PANW, CTRA, PXD, HON. 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.
Arora Nikesh, Palo Alto Networks CEO & Chairman at the WEF in Davos, Switzerland on May 23rd, 2022.
Adam Galica | CNBC
We’re always scanning the market, looking for opportunities to deploy capital as prices come down.
Following approval from Transport Canada, EV startup Workhorse will be bringing the W56 and W750 model electric delivery vans to commercial truck dealers in Canada as early as this spring.
“This is a major step forward for Workhorse,” says Josh Anderson, Workhorse’s chief technology officer in a press statement. “Pre-clearance from Transport Canada opens up a large new market for our products throughout Canada, including with fleets that operate across borders in North America.”
Despite that uncertainty, Workhorse execs remain upbeat. “We’re excited that our electric step vans can now reach Canadian roads and highways, providing reliable, zero-emission solutions that customers can depend on,” added Anderson.
Canadian pricing has yet to be announced.
Electrek’s Take
FedEx electric delivery vehicle; via Workhorse.
There’s no other way to say it: the Trump/Musk co-presidency is disrupting a lot of companies’ plans – and that’s especially true across North American borders. But in all this chaos and turmoil there undoubtedly lies opportunity, and it will be interesting to see who ends up on top.
The new Liebherr S1 Vision 140-ton hauler is unlike any heavy haul truck currently on the market – primarily because the giant, self-propelled, single-axle autonomous bucket doesn’t look anything like any truck you’ve ever seen.
Liebherr says its latest heavy equipment concept was born from a desire to rethink truck design with a focus only on core functions. The resulting S1 Vision is primarily just a single axle with two powerful electric motors sending power to a pair of massive airless tires designed carry loads up to 131 tonnes (just over 140 tons).
The design enables rapid maintenance, as important components easily accessible for quick servicing. Wear parts can be replaced efficiently, and the electric drive significantly reduces maintenance work. This helps to minimise downtimes and increases operational efficiency.
LIEBHERR
Because of its versatility, durability, and ability to perform zero-turn maneuvers that other equipment simply can’t, the Liebherr S1 Vision can be adapted for various applications, including earthmoving, mining, and even agriculture. There’s also a nonzero chance of this technology finding applications supporting other on-site equipment through charging or fuel delivery.
The S1 accomplishes that trick safely with the help of an automatic load leveling system that ensures maximum stability, even on bumpy or rough terrain. The company says this technology significantly reduces the risk of tipping while providing smooth and secure operation across various environments.
The HD arm of Hyundai has just released the first official images of the new, battery-electric HX19e mini excavator – the first ever production electric excavator from the global South Korean manufacturer.
The HX19e will be the first all-electric asset to enter series production at Hyundai Construction Equipment, with manufacturing set to begin this April.
The new HX19e will be offered with either a 32 kWh or 40 kWh li-ion battery pack – which, according to Hyundai, is nearly double the capacity offered by its nearest competitor (pretty sure that’s not correct –Ed.). The 40kWh battery allows for up to 6 hours and 40 minutes of continuous operation between charges, with a break time top-up on delivering full shift usability.
Those batteries send power to a 13 kW (17.5 hp) electric motor that drives an open-center hydraulic system. Hyundai claims the system delivers job site performance that is at least equal to, if not better than, that of its diesel-powered HX19A mini excavator.
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To that end, the Hyundai XH19e offers the same 16 kN bucket breakout force and a slightly higher 9.4 kN (just over 2100 lb-ft) dipper arm breakout force. The maximum digging depth is 7.6 feet, and the maximum digging reach is 12.9 feet. Hyundai will offer the new electric excavator with just four selectable options:
enclosed cab vs. open canopy
32 or 40 kWh battery capacity
All HX19es will ship with a high standard specification that includes safety valves on the main boom, dipper arm, and dozer blade hydraulic cylinders, as well as two-way auxiliary hydraulic piping allows the machine to be used with a range of commercially available implements. The hydraulics needed to operate a quick coupler, LED booms lights, rotating beacons, an MP3 radio with USB connectivity, and an operator’s seat with mechanical suspension are also standard.
HX19e electric mini excavator; via Hyundai Construction Equipment.
The ability to operate indoors, underground, or in environments like zoos and hospitals were keeping noise levels down is of critical importance to the success of an operation makes electric equipment assets like these coming from Hyundai a must-have for fleet operators and construction crews that hope to remain competitive in the face of ever-increasing noise regulations. The fact that these are cleaner, safer, and cheaper to operate is just icing on that cake.