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.
Priority Bicycles just pulled the wraps off its most advanced electric bike yet, and it’s got some serious hardware under the hood – or rather, in the bottom bracket. Say hello to the absurdly high-end for a direct-to-consumer (D2C) e-bike, the Priority Skyline.
The newly launched Skyline combines the company’s signature low-maintenance design philosophy with one of the most sophisticated drivetrains in the bike world: a Pinion C1.12i Smart.Shift gearbox, paired with a Gates Carbon Drive belt and 750W torque-sensing rear hub motor.
And if you’re thinking that sounds like a US $6,000+ setup, you wouldn’t be wrong. That Pinion gearbox alone probably costs half the price of the bike or more when sold as a standalone unit. But somehow, Priority has managed to bundle it all together, even including integrated lighting, hydraulic disc brakes, a 720Wh battery, throttle, front suspension, and commuter-ready accessories. And all of that for just $3,999 (or $3,699 with a limited-time launch discount).
And referencing a $6,000 figure makes sense when you look at other brands. High-end German e-bikes like Stadtfuchs and Waldwiesel.E that also use this drivetrain cost between $5,600 to $6,500, to put things in perspective. Are they the same thing? Of course not. Don’t be insulting. Those bikes are half as fast and with a third the power of the Skyline.
Advertisement – scroll for more content
But none of this should really come as a surprise. This combination of bike-shop-level quality and direct-to-consumer pricing is classic Priority, a company that continues to carve out its own niche in the e-bike world (as well as the pedal bike world, for those with more stamina than I).
While most D2C brands cut corners on components to hit budget price points, Priority has built a reputation around spec’ing top-shelf parts like belt drives and internally geared hubs, and delivering them at prices that feel like they snuck past a spreadsheet somewhere.
But this time, they’ve outdone themselves.
A drivetrain you’d expect on a high-dollar Euro e-bike
At the heart of the Skyline is that Pinion C1.12i Smart.Shift system. If you’re not familiar, think of it like a car transmission for your bike. The sealed gearbox sits at the crank, offering 12 electronically actuated gears across a massive 600% gear range. It of course lets you shift at a standstill, while coasting, or even under load, but there’s so much more to it than that.
What really sets it apart is the automatic shifting technology. With Pinion’s Pre-Select feature, you set your ideal cadence and the bike handles the rest, changing gears between pedal strokes to keep you spinning at your sweet spot. No more gear mashing or hunting for the right sprocket. There’s even a Start-Select mode that resets your gear when you come to a stop, so you’re always ready to accelerate smoothly when the light turns green. And it’s doing all this behind the scenes without you ever knowing it.
Plus, since it’s paired with a Gates Carbon Belt Drive, the whole system runs whisper-quiet, grease-free, and nearly maintenance-free. This is the same tech you’ll find on expensive European trekking bikes, but here it’s part of a package that’s priced like a mid-tier commuter. Except that this bike is anything but mid-tier.
Real power, real-world rideability
Backing up the drivetrain is a 750W rear hub motor with both torque-sensing pedal assist and a thumb throttle for when you just want to cruise. The system delivers smooth, intuitive acceleration up to 28 mph for full class 3 performance, with impressive responsiveness thanks to the torque sensor and the gearbox’s finely spaced ratios.
The hub motor might sound like a strange choice for a higher end e-bike, but they’re becoming more common as higher end motor makers create attractive models for bike companies to choose from. These types of sophisticated gearboxes like Pinion’s take up the typical mid-drive motor’s place in the bottom bracket, leaving a rear hub motor as the best option. You pay for it in extra rear weight, but you make up for it in the pleasurable ride feel that the drivetrain provides.
And the Skyline isn’t just about power, it’s about control. That means hydraulic disc brakes with motor cutoff, wide 650x50c Maxxis tires, and a suspension fork with 80 mm of travel to soak up potholes, curbs, and unexpected detours.
Battery range should be solid too, thanks to a 720Wh downtube-integrated battery, giving the bike a clean, streamlined look while offering ample juice for long commutes or weekend rides.
And yes, all the commuter-ready features are here: full fenders, an integrated rear rack, integrated 500-lumen front light, brake-sensing rear light, and a comfortable sport saddle.
While this certainly isn’t a trail-oriented bike, it should be able to handle moderate trekking duties and gravel trails while still holding a strong position as an everyday commuter e-bike. And while the throttle is obviously there to support the North American need for one, a bike with this kind of beautiful transmission technology should really have its throttle tapped sparingly. The pedal assist on this thing is going to feel so good that I can see the throttle going neglected most of the time.
The Priority Skyline is available now for pre-order, with shipping expected soon. And if you’re even remotely interested, that $300 launch discount runs through August 18, so now’s probably the time to stop gawking and start clicking.
Electrek’s Take
Priority is a fascinating company in the e-bike space. Unlike some of the flashier D2C brands chasing viral hits, they’ve quietly built a loyal following by obsessing over the rider experience, particularly for folks who want a bike that just works, without the mess or hassle of traditional drivetrains. Low-maintenance is their fetish and they don’t do anything else.
I bought my first Priority e-bike back in 2020 and I’ve ridden several models since. I’ve become a huge fan of the brand simply because I haven’t found another company that does high-quality at reasonable prices better than them. Of course $3,699 isn’t low-cost, but it’s very low for what you’re getting with the Skyline. And Priority has solid e-bikes for as low as $1,799 as well, if going this far up-shelf isn’t in the stars.
But the Skyline is their new top-end electric bike and it feels like the culmination of everything they’ve been working toward: clean design, incredible components, real-world performance, and a price that makes you wonder how they pulled it off. Previously, Lectric eBikes was the only brand that could get Pinion gear on an e-bike and make it affordable, yet they only went with the 6-speed, not to mention cut a few other corners. Don’t get me wrong, the Lectric One is an incredible bike, but the Skyline is a full-size, multi-terrain commuter with a true torque sensor, more battery, and higher-end parts.
Is it heavy? Sure. A whopping 68 pounds is a lot. And the total color options of… one, well that’s not exactly tickling my creativity bone. But hey, it comes in three sizes and just how many SKUs can you stock at this price? And the fact that this e-bike has an automatic electronic 12-speed Pinion gearbox, a Gates belt, plus a throttle-enabled and torque-sensing 750W motor – all for under $4K – is borderline absurd. It’s the kind of thing you’d expect from a boutique European brand with a much higher price tag, not from a US company selling direct to consumers.
Priority says the Skyline is meant to “blur the line between rider and bike,” and after looking at the spec sheet, I believe them. This is more than a commuter, it’s a serious piece of gear for anyone who values seamless performance, low maintenance, and a joy-to-ride experience.
I’ll be reviewing this model soon and despite my expectations being sky high, I’m pretty darn sure Priority is going to be there like they always are.
Until I’m back with a review article and video on my experience with the bike, let’s hear what you think of the Skyline. Sound off in the comments section below!
FTC: We use income earning auto affiliate links.More.
FILE PHOTO: Crude oil tanker Nevskiy Prospect, owned by Russia’s leading tanker group Sovcomflot, transits the Bosphorus in Istanbul, Turkey September 6, 2020.
Yoruk Isik | Reuters
The oil market is shrugging off President Donald Trump‘s threats to impose heavy tariffs on countries that buy Russian energy exports.
Trump has given Russia until Friday to agree to a ceasefire in Ukraine. If Moscow does not comply, the U.S. will impose 100% “secondary tariffs” on countries that buy Russian exports, the president has said. This would in theory force countries to choose between buying Russian oil or trading with the U.S.
India, China and Turkey are the most exposed as the three biggest importers of Russian oil. Trump on Wednesday targeted India with a 25% tariff for buying Russian crude, a much lower rate than the 100% penalty he originally threatened. Oil prices closed 1% lower as traders seem to believe the president is bluffing and the tariff won’t really go into effect.
“Given the price response to the news, it would appear that current threats are considered a negotiation tactic by Trump and little more,” Matt Smith, an oil analyst at Kpler, told CNBC.
India is Russia’s biggest oil customer, importing about 1.7 million barrels per day, according to Kpler data. If Trump follows through on the tariff, oil prices would jump because barrels that Russia exports to India cannot be easily rerouted to other destinations, Smith said. Moscow would have to shut in some production, which would take supply out of the global market, he said.
But the market senses right now that Trump is going to back down, said Bob McNally, president of Rapidan Energy. The additional tariff against India does not go into effect for 21 days, providing time for the countries to reach an agreement.
“Traders believe that there will be a deal, that it really won’t go into effect,” McNally told CNBC. “And if it did, India would probably just pay the tariffs and keep importing Russian oil,” he said of traders’ thinking.
The Trump administration has not always backed up its words with actions when it comes to energy sanctions, said Helima Croft, head of global commodity strategy at RBC Capital Markets, in a note to clients. Iran’s oil exports, for example, remain elevated despite declarations from the White House that it is imposing a maximum pressure campaign, Croft said.
“Our base case is that Russia will resist making serious concessions, believing that President Trump will blink at imposing measures that could push energy prices materially higher and that the White House’s newfound support for Ukraine will dissipate,” Croft told clients in the July 30 note.
Steep tariffs on Russian oil buyers would jeopardize Trump’s push to reduce energy prices. The president said last month that he wants U.S. crude prices to fall below $64 per barrel. In an interview with CNBC Tuesday, the president said low oil prices would force Russia to end its war in Ukraine.
“If you sanction hard enough that Russia can’t sell its oil, prices at the pump will soar — that’s just the barrel math,” McNally said.
Trump seemed to acknowledge Wednesday that there would not be ceasefire by his deadline. He said his special envoy Steve Witkoff “had a highly productive meeting with Russian President Vladimir Putin.”
“Everyone agrees this War must come to a close, and we will work towards that in the days and weeks to come,” Trump said in a post on Truth Social.
Trump and Putin have agreed in principle to meet in the coming days, according to the Kremlin. If Putin refuses to make concessions, Trump will likely continue down the road of energy sanctions, McNally said. This includes targeting big importers of Russian oil, namely China.
“He will have to go gingerly because of the blowback risk in terms of higher oil prices,” McNally said. “He has to do so in a way that isn’t counterproductive and that’s a tricky problem to solve.”
Northvolt’s facilities are about to get a second life in Europe, thanks to a San Jose, California-based lithium-sulfur battery maker: Lyten announced today that it’s acquiring all of Northvolt’s remaining assets in Sweden and Germany.
That includes three major facilities: Northvolt Ett and its planned expansion in Skellefteå, Sweden; Northvolt Labs in Västerås, Sweden; and Northvolt Drei in Heide, Germany. Lyten is also taking over all of Northvolt’s remaining intellectual property and says several Northvolt execs will be joining the team.
Lyten hasn’t shared the financial details, but the scope is huge. The deal gives Lyten control of over $5 billion worth of manufacturing assets, including 16 gigawatt-hours (GWh) of existing battery production capacity and another 15+ GWh under construction. The company says the sites have room to grow to more than 100 GWh and also include what it calls the most advanced battery R&D center in Europe.
“This is a defining moment for Lyten,” said CEO and co-founder Dan Cook. “Demand for Lyten lithium-sulfur batteries is growing exponentially to meet energy independence, national security, and AI data center needs.”
Advertisement – scroll for more content
This isn’t Lyten’s first Northvolt pickup. Last November, it acquired Northvolt’s Cuberg battery plant in California. In early July, it announced plans to acquire Northvolt Dwa, a massive battery energy storage system (BESS) facility in Poland. And late last month, it picked up Northvolt’s BESS product and IP portfolio.
Lyten says it plans to bring Skellefteå and Västerås back online as soon as the deal closes. It’s also aiming to restart the Poland site immediately to keep up with demand from more than 20 countries for its battery storage systems.
The company is also in talks to acquire Northvolt Six, which is building a new 15 GWh battery factory in Quebec, and says it’s working with Canadian officials to make that happen.
Lyten chairman and co-founder Lars Herlitz framed the deal as a win for energy independence on both sides of the Atlantic:
The combination of Northvolt’s world-class manufacturing assets and low-cost clean energy, Lyten’s world-leading lithium-sulfur battery technology, and Lyten’s abundant US battery materials supply chain creates the right formula to fulfill Europe and North America’s battery manufacturing ambitions.
Lyten already makes lithium-sulfur batteries in Silicon Valley and sells them into the drone and defense markets. It’s preparing to send batteries to the International Space Station and is working with its investor, Stellantis, on EV applications.
The latest acquisition is being funded through private equity investment. Lyten expects the deal to close by the end of the year, pending regulatory approvals in Sweden and Germany.
Once thought of as Europe’s best shot at homegrown EVs and the makers of “the world’s greenest battery,” Northvolt filed for bankruptcy protection in the US in November 2024, and then filed for bankruptcy in Sweden in March 2025.
The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
FTC: We use income earning auto affiliate links.More.