The Club held its “Monthly Meeting” for April on Tuesday, providing a window into our current thinking on the stocks in Jim Cramer’s Charitable Trust — including an updated list of the 10 core holdings in the portfolio. Those 10 companies , which we generally view as the best in their respective industries, are Apple (AAPL), Costco Wholesale (COST), Morgan Stanley (MS), Johnson & Johnson (JNJ), Starbucks (SBUX), Danaher (DHR), Nvidia (NVDA), Linde (LIN), Eli Lilly (LLY) and Pioneer Natural Resources (PXD). In addition to an in-depth look at the core holdings, we’re providing key takeaways here on the other 25 stocks in the Club’s portfolio. Advanced Micro Devices (AMD): Bottoms are increasingly evident in the chipmaker’s key end-markets like personal computers, laying the groundwork for AMD’s business to meaningfully turn around later this year. When AMD reports earnings next week, we’ll be looking for signs that its integration of Xilinx has proven a success. Amazon (AMZN): Investors will be looking closely at profit margins and the growth rate at cloud unit Amazon Web Services when the company reports earnings after the closing bell Thursday. We maintain our view that the ecommerce giant can do more to improve its bloated cost structure. Bausch Health (BHC): For the pharmaceutical company’s stock to gain any traction, Jim said it needs to win the fight over its Xifaxan drug patent . We wish we had more insight into that legal dispute than management has provided. Caterpillar (CAT): A flood of U.S. government spending on infrastructure should provide multiyear tailwinds to Caterpillar’s business starting this year. But in the near term, investor attention will be on the health of its order backlog when the manufacturing company reports first-quarter earnings before the opening bell on Thursday. Salesforce (CRM): Questions continue to swirl about the overall state of enterprise software spending. But at Salesforce, CEO Marc Benioff is ushering in a slimmer, more-profitable version of the company. The newfound cost discipline is what shareholders like us — and the numerous activist investors that have swarmed Salesforce in recent months — wanted to see. Cisco Systems (CSCO): Wall Street seems to believe that Cisco will never see a period of meaningful growth again. The pessimistic attitude has prevented Cisco shares from breaking out, even as the company has reported quality results of late. Its next earnings release, set for May 17, may provide a spark for the stock and give us a chance to sell. Coterra Energy (CTRA): Jim said for those wanting to put money to work in one of the Club’s energy holdings right now, Coterra is his top choice. Management has wisely made stock buybacks a major priority, and the company’s exposure to natural gas should pay off over the long term. Disney (DS): The media-and-entertainment giant’s stock performance has been exceedingly frustrating. But there’s no denying Disney’s franchise value . As the company’s cost-cutting moves under CEO Bob Iger take hold, an inflection point should arrive. Unfortunately, it might not happen when the company reports fiscal second-quarter results May 10 and, instead, may be more of a third-quarter earnings story. Estee Lauder (EL): Shares of the prestige cosmetics firm have climbed more than 30% from early November lows. And there’s more upside ahead for the stock, as China’s economy continues to reopen this year. China accounts for roughly a third of Estee Lauder’s total revenue. Emerson Electric (EMR): We remain frustrated with management at this automation-focused industrial, despite it ultimately reaching an amicable deal to buy National Instruments (NATI) following an initial hostile-takeover bid. Jim said he’s giving the company six months to demonstrate its strategy is working, or else we’ll part ways. Ford Motor (F): The automaker is another Club holding on a short leash. After a disappointing fourth-quarter print, we’re hoping to see evidence that CEO Jim Farley has righted the ship. We remain curious about the potential impact Tesla ‘s (TSLA) aggressive price cuts on electric vehicles could have on Ford and its legacy peers. Foot Locker (FL): We added to our newest Club holding on a pullback Monday. We’re banking with CEO Mary Dillon, whose impressive run leading Ulta Beauty (ULTA) instills confidence in her ability to turn around the sportswear retailer. Alphabet (GOOGL): The tech behemoth has been dropped from our core-holdings list, replaced by Nvidia. Jim said his faith in Google’s parent company has waned because it has failed to capitalize on a range of initiatives outside its core search engine business. Faced with increased competition around artificial intelligence, Jim said he wants to see improving financials at Alphabet, not just talk. Alphabet reported better-than-expected first-quarter results after the closing bell on Tuesday. Halliburton (HAL): Halliburton’s first-quarter earnings, released before the bell Tuesday, fortified our conviction in the oilfield services firm . The results were considerably better than the stock’s 3.5% drop would indicate. Honeywell International (HON): Honeywell was replaced by Linde on our core-holdings list. Our rationale for the switch largely centers around the industrial conglomerate’s upcoming CEO shakeup. With the retiring Darius Adamczyk set to be replaced by Vimal Kapur in June, we’re in wait-and-see mode with the stock. Humana (HUM): The market frequently changes its mind about Humana. One week, the health-care stock will be firmly out of favor. Investors will then return to Humana and its managed care brethren when economic slowdown fears are more pronounced. That’s been the case so far this week, with the stock up more than 2%. We’ll see if the traction sticks after Humana reports Wednesday morning. Meta Platforms (META): CEO Mark Zuckerberg’s “year of efficiency” has propelled the social media firm’s stock more than 70% higher this year, following a brutal 2022. Zuckerberg deserves credit for reining in costs. But now we want to see whether the Facebook and Instagram parent can begin to reaccelerate top-line growth. It reports quarterly numbers after Wednesday’s close. Microsoft (MSFT): After Tuesday’s close, Microsoft issued better-than-expected quarterly numbers and strong revenue guidance, while highlighting its AI prowess — a key pillar of our investment thesis. Palo Alto Networks (PANW): Cybersecurity spending has been resilient despite concerns about an economic slowdown, which is why we continue to stick with Palo Alto. We purchased 25 shares on April 10, gradually growing our position in a company we first bought in February. Procter & Gamble (PG): The consumer products giant on Friday delivered an earnings beat , while raising its full-year guidance. Crucially, P & G’s volumes were down only 3%, despite a 10% price increase. A rollover in chemical prices, along with declining freight costs, should help lift the company’s profitability in the coming quarters. Qualcomm (QCOM): Jim said he remains committed to exiting our Qualcomm position into strength. He acknowledged that the chipmaker’s low price-to-earnings multiple hasn’t been enough for the investment to be fruitful. Constellation Brands (STZ): Wall Street hasn’t seemed to appreciate the quality guidance the Corona beer parent issued in early April. We’re more than wiling to be patient, though, especially knowing Constellation just hiked its dividend by 11% . TJX Companies (TJX): The off-price retailer may prove to be a beneficiary of Bed Bath & Beyond’s bankruptcy . Jim said he’s shocked TJX’s stock price isn’t higher, while urging Club members to be patient with their ownership. Wells Fargo (WFC): When turbulence strikes shares of Wells Fargo, it could be an opportunity to buy the stock, not sell it. With each passing quarter, the bank continues to resolve regulatory issues that have plagued it for years. Wynn Resorts (WYNN): Like Estee Lauder, Wynn Resorts is a play on China’s economic recovery after roughly three years of Covid-19 restrictions. Shares of the casino operator have almost doubled over the past six months, but the turnaround of its business in the Chinese gaming hub of Macao is still playing out. (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.
Jim Cramer at the NYSE, June 30, 2022.
Virginia Sherwood | CNBC
The Club held its “Monthly Meeting” for April on Tuesday, providing a window into our current thinking on the stocks in Jim Cramer’s Charitable Trust — including an updated list of the 10 core holdings in the portfolio.
There you are, motoring along in your Volvo XC90 PHEV with the Pilot Assist engaged alongside a big 18-wheeler at a comfortable 70 mph cruise when the interstate starts to slowly sweep left. From the drivers’ seat, that semi on your right looks awfully close. As the steering wheel turns itself in your hand, you start to wonder if that truck’s a bit too close. The car isn’t doing anything wrong, but it’s too close for your comfort and you give the wheel a little nudge to hug the inside of the lane just a bit more.
These deeply personal preferences are tough to quantify, and highlight a simple fact about Advanced Driver Assistance Systems (ADAS) that the industry at-large hasn’t yet to come to terms with: when it comes to self-driving cars, one size does not fit all.
The Volvo experience I outlined above was very real, happening just as the wife and I were arguing about the relative merits of our very different choice in running shoes. She prefers the supportive, cushion-y ride of the HOKA Clifton 9s, which I’ve become convinced are The Devil™, preferring instead the zero-lift, no-cushion feel of my Xero Prio runners. The intervention with the Volvo interrupted that particular argument and started another. Namely, the one about why I had chosen that moment to “interfere” with the Pilot Assist.
“It was too close to that truck,” I explained. “Freaked me out.”
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“That’s how I feel in the Honda,” she said. “I’m always afraid that it’s going to try and put me into oncoming traffic.”
That’s when the idea for this post came to me. Because, as a car brand, it’s really not possible to just say that your car has ADAS or doesn’t have ADAS in a binary sense. That’s because these systems are not just proprietary to a given brand, they can vary from vehicle-to-vehicle within that brand, and each one can have distinct lane centering behavior, steering feel, lane change aggressiveness, braking distances, timing for its hand-off warnings, and probably a bunch of other stuff that I haven’t even thought of depending on what kind of cameras, sensors, and software the specific vehicle you are in is equipped with.
It’s a bit of a mess, in other words.
Opinion: Honda Sensing gets it right
I first experienced Honda’s ADAS in 2014, driving a then-new CR-V between Chicago and Bay Harbor, Michigan for an Acura press drive. Even in its early generations, I was impressed with the way it handled stop-and-go traffic, the way it guided you through turns, but didn’t do the turning for you, and the speed and intensity it used in braking very much mirrored my own.
Last month, I had a chance to test out the 2025 Honda Civic Sport Touring Hybrid for a week on Cape Cod. I picked the car up at PreFlight Parking outside Boston Logan, jammed it with luggage, and immediately hit heavy traffic, where the Honda Sensing Low-Speed Follow function took me right back to 2014, ratatouille-style, when my experience in that car had led me to believe that self-driving cars were right around the corner.
In the decade-plus since experiencing that first autonomous Acura, I’ve had the chance to experience Ford BlueCruise, Tesla Autopilot and FSD, and Mercedes-Benz DRIVE PILOT. And all, interestingly enough, in and around the Circuit of the Americas in Austin at one time or another over my three years of hosting Electrify Expo events there.
Each different OEMs’ system had its strengths and quirks. I remember Mercedes DRIVE PILOT as impressively precise, even clinical. The Ford system faded into memory. I couldn’t tell you anything about it, which is probably high praise. The Tesla systems, though, stood out — but for all the wrong reasons. Lane changes came too quickly, it accelerated too late, and too aggressively, and I often found myself bracing for collisions that (in fairness) never came.
More than once in those years I’ve wondered if maybe I’d just got it wrong back in 2014. That the tech was so new, and I had been so wow’ed by it initially, that I had got swept up in the hype of self-driving cars … but that drive in my wife’s XC90, back-to-back as it was with the Civic Hybrid, showed me that wasn’t it. Instead, I just didn’t like the way those other cars drove. Just like I don’t like the way HOKAs feel. And, just like my wife isn’t wrong for liking her gross marshmallow shoes (probably), I’m not wrong for preferring a more restrained digital co-pilot.
It’s a matter of fit, not fact — and that’s going to be a tough sell.
Everyone but me is wrong
Classic Carlin bit.
As the great George Carlin once asked, “Have you ever noticed that anyone who is driving slower than you is an idiot, and anyone driving faster than you is a maniac?”
ADAS systems live squarely in that same subjective space occupied by other drivers. If the bots brake too hard, steer too sharply, or get too close to the car head before changing lanes, they might not be technically doing anything wrong, but they’re maniacs – and right now, there’s no real way to know how one car’s ADAS is going to behave until you’ve spent some significant time behind the wheel. Like, “Uh-oh. I bought a thing and I hate it,” amounts of time.
That’s a problem for both buyers and sellers (to say nothing of manufacturers and software developers), because why would you risk demonstrating a system that might scare someone? How do you sell “confidence” and “convenience” when what feels confident and convenient to one driver feels reckless to another, and milquetoast to a third?
Lucky for you guys, I have a solution.
Jojo’s ADAS scorecard *
System
Lane centering bias
Lane change distance (car lengths)
Follow distance (default)
Braking force (max Gs)
Hands-off time allowed
Overall “feel”
Ford BlueCruise
Centered
~3.5
Moderate
0.30 G
Medium
Stable
Honda Sensing
Slight left bias
~2.5
Safe
0.35 G
Short
Balanced
Mercedes-Benz DRIVE PILOT
Centered
~3.5
Moderate
0.40 G
Long
Confident
Tesla Autopilot
Centered
~1.5
Close
0.45 G
Long (varies)
Aggressive
Volvo Pilot Assist
Slight right bias
~3.0
Moderate
0.30 G
Moderate
Cautious
NOTE: THESE ARE NOT REAL VALUES
That asterisk (*) is there because these are completely made up, imaginary values. They’re simply there to illustrate one way for manufacturers and dealers to share objective, quantifiable information about how their different ADAS systems behave. If it’s done right, it might help a car shopper get a better feel for how their next car might drive, and prevent them from spending their hard-earned cash on a car that drives like an idiot. Or a maniac.
That’s my take, anyway – what’s yours? Head down to the comments and let us know what values you’d like to see represented on an ADAS scorecard, and how much you’d be willing to base your next car buying decision on how it drives.
As for me, my X handle might be VolvoJo, but if I’m shopping for a car that’s going to drive me instead of the other way around, I might have to see if “HondaJo” is available.
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Elon wants the US military to start buying Tesla Cybertrucks – and now they are! The Air Force has ordered two Cybertruck testers for target practice to determine how easy they are to blow up, while Jo makes up a whole new conspiracy theory on today’s explosive episode of Quick Charge!
Today’s episode is brought to you by retrospec—makers of sleek, powerful e-bikes and outdoor gear built for everyday adventure. Electrek listeners can get 10% off their next ride until August 14 with the exclusive code ELECTREK10 only at retrospec.com.
An it doesn’t stop there. We’ve also got exciting new home battery backup and V2X options for Tesla owners, and one Texas EV driver that decided to conquer the Texas floodwaters by harnessing the awesome combined powers of electrons and stupidity (it’s pretty awesome).
New episodes of Quick Charge are recorded, usually, Monday through Thursday (most weeks, anyway). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.
Got news? Let us know! Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show.
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. 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.
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Tesla’s Dojo supercomputer project is reportedly over. Bloomberg reports that CEO Elon Musk is killing the project after a mass exodus of talent from the Dojo team to a competing startup.
Dojo was the name of Tesla’s in-house AI chip development to create supercomputers to train its AI models for self-driving.
Tesla hired a bunch of top chip architects and tried to develop better AI accelerator chips to rely less on companies like NVIDIA, AMD, and others.
For the last few years, Peter Bannon, who worked with Keller for years, has been leading Tesla’s chip-making programs, but he is now reportedly also leaving the automaker.
Bloomberg reports that Musk has “ordered the effort to be shut down.”:
Peter Bannon, who was heading up Dojo, is leaving and Chief Executive Officer Elon Musk has ordered the effort to be shut down, according to the people, who asked not to be identified discussing internal matters. The team has lost about 20 workers recently to newly formed DensityAI, and remaining Dojo workers are being reassigned to other data center and compute projects within Tesla, the people said.
DensityAI is a new startup currently in stealth mode, founded by several former Tesla employees, including Venkataramanan.
It reportedly plans to build chips for AI data centers and robots, much like the Dojo program.
The company recently hired 20 former Tesla employees who worked on Dojo.
While the program appeared to be lagging behind for years as Tesla increasingly bought more compute power from NVIDIA, Musk has been claiming progress.
The CEO said in June:
Tesla Dojo AI training computer making progress. We start bringing Dojo 2 online later this year. It takes three major iterations for a new technology to be great. Dojo 2 is good, but Dojo 3 will be great.
During Tesla’s quarterly conference call in late July, the CEO claimed that Dojo 2 will be “operating at scale sometime next year.”
Electrek’s Take
It’s unclear whether the report is accurate or if it’s an extrapolation from the talent exodus to Elon killing Dojo, or if Elon was lying just a few weeks ago.
Alternatively, this development may be so recent that Elon went from being confident in Dojo a few weeks ago to disbanding the team working on it now.
Either way, I think it’s clear that the project has been lagging, and Tesla has been extremely dependent on chip suppliers rather than making its own.
I think Dojo being likely dead is not a big loss for Tesla.
When it comes to chip making, developing its own inference compute for onboard “AI computers” was always the more important project.