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Tesla transitioning to Tesla Vision for Model 3 and Model Y vehicles

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Category: blogSource: theflyonthewallMay 25th, 2021

New Strong Sell Stocks for September 20th

CRMT, GNTX, SBSW, USX, and GHL have been added to the Zacks Rank #5 (Strong Sell) List on September 20, 2021 Here are five stocks added to the Zacks Rank #5 (Strong Sell) List today:America's Car-Mart, Inc. CRMT primarily sells older model used vehicles. The Zacks Consensus Estimate for its current year earnings has been revised 4.1% downward over the last 30 days.Gentex Corporation GNTX designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products. The Zacks Consensus Estimate for its current year earnings has been revised 3.8% downward over the last 30 days.Sibanye Stillwater Limited SBSW operates as a precious metals mining company. The Zacks Consensus Estimate for its current year earnings has been revised 11.3% downward over the last 30 days.U.S. Xpress Enterprises, Inc. USX operates as an asset-based truckload carrier providing services. The Zacks Consensus Estimate for its current year earnings has been revised 1.8% downward over the last 30 days.Greenhill & Co., Inc. GHL is an independent investment bank that provides financial and strategic advisory services. The Zacks Consensus Estimate for its current year earnings has been revised 7.3% downward over the last 60 days.View the entire Zacks Rank #5 List. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Greenhill & Co., Inc. (GHL): Free Stock Analysis Report Americas CarMart, Inc. (CRMT): Free Stock Analysis Report Gentex Corporation (GNTX): Free Stock Analysis Report U.S. Xpress Enterprises, Inc. (USX): Free Stock Analysis Report Sibanye Gold Limited (SBSW): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

The "Great Game" Moves On

The 'Great Game' Moves On Authored by Alasdair Macleod via GoldMoney.com, Following America’s withdrawal from Afghanistan, her focus has switched to the Pacific with the establishment of a joint Australian and UK naval partnership. The founder of modern geopolitical theory, Halford Mackinder, had something to say about this in his last paper, written for the Council on Foreign Relations in 1943. Mackinder anticipated this development, though the actors and their roles at that time were different. In particular, he foresaw the economic emergence of China and India and the importance of the Pacific region. This article discusses the current situation in Mackinder’s context, taking in the consequences of green energy, the importance of trade in the Pacific region, and China’s current deflationary strategy relative to that of declining western powers aggressively pursuing asset inflation. There is little doubt that the world is rebalancing as Mackinder described nearly eighty years ago. To appreciate it we must look beyond the West’s current economic and monetary difficulties and the loss of its hegemony over Asia, and particularly note the improving conditions of the Asia’s most populous nations. Introduction Following NATO’s defeat in the heart of Asia, and with Afghanistan now under the Taliban’s rule, the Chinese/Russian axis now controls the Asian continental mass. Asian nations not directly related to its joint hegemony (not being members, associates, or dialog partners of the Shanghai Cooperation Organisation) are increasingly dependent upon it for trade and technology. Sub-Saharan Africa is in its sphere of influence. The reality for America is that the total population in or associated with the SCO is 57% of the world population. And America’s grip on its European allies is slipping. NATO itself has become less relevant, with Turkey drawn towards the rival Asian axis, and its EU members are compromised through trading and energy links with Russia and China. Furthermore, France is pushing the EU towards establishing its own army independent of US-led NATO — quite what its role will be, other than political puffery for France is a mystery. It is against this background that three of the Five Eyes intelligence partnership have formed AUKUS – standing for Australia, UK, and US — and its first agreement is to give Australia a nuclear submarine capability to strengthen the partnership’s naval power in the Pacific. Other capabilities, chiefly aimed at containing the Chinese threat to Taiwan and other allies in the Pacific Ocean, will surely emerge in due course. The other two Five Eyes, Canada and New Zealand, appear to be less keen to confront China. But perhaps they will also have less obvious roles in due course beyond pure intelligence gathering. The US, under President Trump, had failed to contain China’s increasing economic dominance and its rapidly developing technological challenge to American supremacy. Trump’s one success was to peel off the UK from its Cameron/Osbourne policy of strengthening trade and financial ties with China by threatening the UK’s important role in its intelligence partnership with the US. For the UK, the challenge came at a critical time. Brexit had happened, and the UK needed global partners for its future trade and geopolitical strategies, the latter needed to cement its re-emergence onto the world stage following Brexit. Trump held out the carrot of a fast-tracked US/UK trade deal. The Swiss alternative of neutrality in international affairs is not in the UK’s DNA, so realistically the decision was a no-brainer: the UK had to recommit itself entirely to the Anglo-Saxon Five-Eyes partnership with the US, Canada, Australia, and New Zealand and turn its back on China. But gathering intelligence and building naval power in the Pacific won’t defeat the Chinese. All simulations show that the US, with or without AUKUS, cannot win a military conflict against China. But AUKUS is not a formal model on NATO lines which commits its members by treaty to aggression against a common enemy. While Taiwan remains a specific problem, the objective is almost certainly to discourage China from territorial expansion and protect and give other Pacific nations on the Asian periphery the security to be independent from the SCO behemoth. The trade benefits of closer relationships with these independent nations are also an additional reason for the UK to join the CPTPP — the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. It qualifies for membership through its sovereignty over the Pitcairn Islands. And that is why China has also applied to join. Therefore, AUKUS’s importance is in the signal sent to China and the whole Pacific region, following the abandonment of land-based operations in the Middle East and Afghanistan. The maritime threat to China is a line which must not be crossed. We are entering a new era in the Great Game, where the objective has changed from dominance to containment. Having lost its position of ultimate control in the Eurasian land mass America has selected its partners to retain control over the high seas. And the UK has found a new geopolitical purpose, re-establishing a global role now that it is independent from the EU. The French cannot join the CPTPP being bound into the common trade policies of the EU. Seeing the British escape the strictures of the EU and rapidly obtain more global influence than France could dream of has touched a raw nerve. Mackinder vindicated The father of geopolitics, Halford Mackinder, is frequently quoted and his theories are still relevant to the current situation. Much has been written about Mackinder’s prophecies. His concept of the World Island was first mentioned in his 1904 presentation to the Royal Geographic Society in London: “a pivot state, resulting in its expansion over the marginal lands of Euro-Asia”. In 1943 he updated his views in an article for the Council on Foreign Relations, adding to his heartland theory. Written during the Second World War, his commentary reflected the combatants and their positions at that time. But despite this, he made a perceptive comment relative to the situation today and AUKUS: “Were the Chinese for instance organised by the Japanese to overthrow the Russian Empire and conquer its territory they might constitute the yellow peril to the world’s freedom just because they would add an oceanic frontage to the resources of the great continent.” When Mackinder wrote his article the Japanese had already invaded Manchuria, but their subsequent defeat removed them from an active geopolitical role, and in place of a Soviet defeat China has entered a peaceful partnership with Russia that extends to all its old Central Asian soviet satellites. It is the focus on the ocean frontage that matters, upon which the maritime silk road depends. The article brings into play another aspect mentioned by Mackinder, and that is the Heartland’s tremendous natural resources, “…including enough coal in the Kuznetsk and Krasnoyarsk basins capable of supplying the requirements of the whole world for 300 years”. And: “In 1938 Russia produced more of the following food stuffs than any other country in the world: wheat, barley, oats, rye, and sugar beets. More manganese was produced in Russia than in any other country. It was bracketed with United States in the first place as regards iron and it stood second place in production of petroleum”. Through its partnership with Russia all these latent resources are available to the Chinese and Russian partnership. And the real potential for industrialisation, held back by communism and now by Russian corruption, has barely commenced. After presciently noting that one day the Sahara may become the trap for capturing direct power from the sun (foreseeing solar panels), Mackinder’s article ended on an optimistic note: “A thousand million people of ancient oriental civilisation inhabit the monsoon lands of India and China [today 3 billion, including Pakistan]. They must grow to prosperity in the same years in which Germany and Japan are being tamed to civilisation. They will then balance that other thousand million who live between the Missouri and the Yenisei [i.e., Central and Eastern America, Britain, Europe and Russia beyond the Urals]. A balanced globe of human beings and happy because balanced and thus free.” Both China and now India are rapidly industrialising, becoming part of a balanced globe of humanity. While the West tries to hang on to what it has got rather than progressing, China and India along with all of under-developed Asia are moving rapidly in the direction of individual freedom of economic choice and improvements in living conditions, to which Mackinder was referring. Obviously, there is some way for this process yet to go, displacing western hegemony in the process. America particularly has found the political challenges of change difficult, with its deep state unable to come to terms easily with the implications for its military and economic power. We must hope that Mackinder was right, and the shift of economic power is best to be regarded as the pains of geopolitical evolution rather than conditions for escalating conflict. But in pursuing its green agenda and eschewing carbon fuels, the West is unwittingly handing a gift to Mackinder’s Heartland, because despite diplomatic noises to the contrary China, India and all the SCO membership will continue to use cheap coal, gas, and oil which Asia has in abundance while Western manufacturers are forced by their governments to use expensive and less reliable green energy. Green obsessions and global trade Meanwhile, the West has gone green-crazy. Banning fossil fuels without there being adequate replacements must be a new definition of insanity, for which the current fuel crises in Europe attest. With over 95% of European logistics currently being shifted by diesel power, switching to battery power or hydrogen by 2030 by banning sales of new internal combustion engine vehicles is a hostage to fortune. While it is hardly mentioned, presumably the Western powers think that by banning carbon fuels they will take the wind out of Russia’s energy quasi-monopoly, because including gas Russia is the largest exporter of fossil fuels in the world. Instead, the West is creating an energy shortage for itself, a point driven home by Gazprom withholding gas flows through its pipelines to Europe, thereby driving up Europe’s energy costs sharply and ensuring a far more severe energy crisis this winter. Even if Russia turns on the taps tomorrow, there is insufficient gas storage in reserve for the winter months. And Europe and the UK have got ahead of themselves by decommissioning coal and gas-fired electricity. In the UK, a massive undersea gas storage facility off the Yorkshire coast has been closed, leaving precious little national storage capacity. As we have seen with the post-covid supply chain chaos, energy problems will not only become acute this winter, but are likely to persist through much of next year. And even that assumes Russia relents and moderates its energy stance to European customers. By way of contrast, though its partnership with Russia China is gifted unlimited access to all carbon fuels. She is still building coal-fired electricity power stations at an extraordinary rate — according to a BBC report there are 61 new ones being commissioned. A further 51 outside China are planned. As a sop to the West China has only said she won’t finance any more outside her territory. And India relies on coal for over two-thirds of its electrical energy. While Europe and America through their green obsessions are denying themselves the availability and technologies that go with carbon fuels, the Russian/Chinese axis will continue to reap the full benefits. The West’s response is likely to be to decry Chinese pollution and its contribution to global warming, but realistically there is little it can do. Demand for Chinese-manufactured goods will continue because China now has a quasi-monopoly on global manufacturing for export. In the unlikely event western consumers become avid savers while their governments continue to run massive budget deficits, their trade deficits will rise even more, allowing Chinese exporters to increase prices for consumers and intermediate goods without losing export sales. While there is nothing it can do about China’s production methods, AUKUS members will undoubtedly lean on other exporting CPTPP members to comply with global green policies. But they will be competing with China, and while they may pay lip service to the climate change agenda, in practice they are unlikely to implement it without holding out for unrealistic subsidies from the western nations driving the climate change agenda. Under current circumstances, it seems unlikely that China’s CPTPP application will lead to membership, given the CPTPP requirement for China’s central government to relinquish ownership of its SOEs and to permit the free flow of data across its borders. In any event, China is focused on developing its Regional Comprehensive Economic Partnership (RCEP), a free trade agreement with ratification signed so far by China, Japan, South Korea, Australia, and New Zealand. It will come into effect when ratified by ten out of the fifteen signatories, likely to be in the first half of 2022, and in terms of population will be two and a half times the size of the EU and the US/Mexico/Canada (USMCA) trade agreements combined. With four out of five of the signatories being American allies, RCEP demonstrates that the AUKUS defence partnership is an entirely separate issue from trade. While the US may not like it, if RCEP goes ahead freer trade will almost certainly undermine a belligerent stance in due course. Despite hiccups, the progression of trade dealing in the Pacific region promises to prove Mackinder right about the prospect of a more balanced world. All being well and guaranteed by a balance of naval capabilities between AUKUS and China, a free-trading Pacific region will render the European and American trade protectionist policies an anachronism. But the threat is now from another direction: financial instability, with western nations pulling in one direction and China in another. Since the Lehman collapse and the ensuing financial crisis, China has been careful to prevent financial bubbles. Figure 1 shows that the Shanghai Composite Index has risen 82% since 2008, while the S&P500 rose 430%. While the US has seen financial asset values driven by a combination of QE and investor speculation, these factors are absent and discouraged in China. Government debt to GDP is about half that of the US. It is true that industrial debt is high, like that of the US. But the difference is that in China debt is more productive while in America there has been a growing preponderance of debt zombies, only kept solvent by zero interest rate policies. China’s policy of ensuring that the expansion of bank credit is invested in production and not speculation differs fundamentally from the US approach, which is to deliberately inflate financial assets to perpetuate a wealth effect. China avoids the destabilising potential of speculative flows unwinding because it lays the economy open to the possibility that America will use financial instability to undermine China’s economy. In a speech to the Chinese Communist Party’s Central Committee in April 2015, Major-General Qiao Liang, the People’s Liberation Army strategist, identified a cycle of dollar weakness against other currencies followed by strength, which first inflated debt in foreign countries and then bankrupted them. Qiao argued it was a deliberate American policy and would be used against China. In his words, it was time for America to “harvest” China. Drawing on Chinese intelligence reports, in early 2014 he was made aware of American involvement in the “Occupy Central” movement in Hong Kong. After several delays, the Fed announced the end of QE the following September which drove the dollar higher, and “Occupy Central” protests broke out the following month. To Qiao the two events were connected. By undermining the dollar/yuan rate and provoking riots, the Americans had tried to crash China’s economy. Within six months the Shanghai stock market began to collapse with the SSE Composite Index falling from 5,160 to 3,050 between June and September 2015. One cannot know for certain if Qiao’s analysis was correct, but one can understand the Chinese leadership’s continued caution based upon it. For this and other reasons, the Chinese leadership is extremely wary of having dollar liabilities and the accumulation of unproductive, speculative money in the economy. It justifies their strict exchange control regime, whereby dollars are not permitted to circulate in China, and all inward capital flows are turned into yuan by the PBOC. Furthermore, domestic monetary policy appears deliberately different from that of America and other western nations. While everyone else has been inflating their way through covid, China has been restricting domestic credit expansion and curtailing shadow banking. The discount rate is held up at 2.9% with market rates slightly lower at 2.2%, and the only reason it is that low is because alternative dollar rates are at zero and EU and Japanese rates are negative. It is this restrictive monetary policy that has led to the current crisis in property developers, with the very public difficulties of Evergrande. Far from being a surprise event, with cautious monetary policies it could have been easily foreseen. Moreover, the government has a sensible policy of not rescuing private sector businesses in trouble, though it is likely to take steps to limit financial contagion. In their glass houses, Western critics continually throw stones at China. But at least her policy makers have attempted to avoid contributing to the global inflation cycle. With prices beginning to rise at an accelerating pace in western currencies, a new global financial crash is in the making. China and her SCO cohort would be adversely affected, but not to the same extent. The fruits of China’s policies of restricting credit expansion are showing in the commodity prices she pays, which in her own currency have increased by ten per cent less than for dollar-based competition, judging by the exchange rate movements since the Fed reduced its funds rate to the zero bound and instigated monthly QE of $120bn on 19-23 March 2020 (see Figure 2). And while both currencies have moved broadly sideways since January, there is little doubt that the fundamentals point to an even stronger yuan and weaker dollar. The domestic benefits of a relatively stronger yuan outweigh the margin compression suffered by China’s exporters. It is worth noting that as well as moderating credit demand, China is attempting to increase domestic consumer spending at the expense of the savings rate, so consumer demand will begin to matter more than exports to producers. It is in line with a long-term objective of China becoming less dependent on exports, and exporters will benefit from domestic sales growth instead. Furthermore, with China dominating global exports of intermediate and consumer goods and while western budget deficits are increasing and leading to yet greater trade deficits, Chinese exporters should be able to secure higher prices anyway. There can be little doubt that the budget deficits financed by monetary inflation in America, the EU, Japan and the UK, plus central bank stimulus packages are now undermining the purchasing power of all the major currencies. The consequences for their purchasing powers are now becoming apparent and attempts to calm markets and consumers by describing them as transient cuts little ice. In terms of their purchasing powers, these currencies are now in a race to the bottom. Not only are the costs of production rising sharply, but following a brief pause of three months, commodity and energy prices look set to rise sharply. Figure 3 shows the Invesco commodity tracker, which having almost doubled since March 2020 now appears to be attempting a break out on the upside. Since global competitiveness is no longer a priority, China would be sensible to let its yuan exchange rate rise against western currencies to help keep a lid on domestic prices and costs. It is, after all, a savings driven economy, with the sustainable characteristics of a strong currency relative to the dollar. Conclusions Having failed in their land-based military objectives, America’s undeclared tariff and financial wars against China are also coming to an end, to be replaced by a policy of maritime containment through the AUKUS partnership. Attempts to stem strategic losses in Asia have now ended with the withdrawal from Afghanistan and from other interventions.The change in geopolitical policy is not yet widely appreciated. But the parlous state of US finances, dollar market bubbles, persistent and increasing price inflation and the inevitability of interest rate increases will make a policy backstop of maritime containment the only geostrategic option left to America. By pursuing more cautious monetary policies, China is less exposed to the inevitable consequences of global monetary inflation. While yuan currency rates are managed instead of set by markets, it is now in China’s interest to see a stronger yuan to contain domestic price and cost inflation. Even though fiat currencies could be destroyed by imploding asset bubbles, these factors contribute to a set of circumstances that appear to lead to a more peaceable outcome for the world than appeared likely before America and NATO withdrew from Afghanistan. There’s many a slip between cup and lip; but it was an outcome forecast by Halford Mackinder nearly eighty years ago. Let us hope he was right. Tyler Durden Sun, 09/26/2021 - 08:10.....»»

Category: personnelSource: nyt19 hr. 13 min. ago

Mayor charges up plan to build offshore wind farms in New York waterways

Mayor Bill de Blasio and New York City Economic Development Corporation (NYCEDC) have announced a 15-year, $191 million Offshore Wind Vision (OSW) plan to make New York City a leading destination for the offshore wind industry. The plan also ensures the city meets nation-leading climate goals of 100-percent clean electricity... The post Mayor charges up plan to build offshore wind farms in New York waterways appeared first on Real Estate Weekly. Mayor Bill de Blasio and New York City Economic Development Corporation (NYCEDC) have announced a 15-year, $191 million Offshore Wind Vision (OSW) plan to make New York City a leading destination for the offshore wind industry. The plan also ensures the city meets nation-leading climate goals of 100-percent clean electricity by 2040 and carbon neutrality by 2050.  The move to wind investment will put New York City on path to create over 13,000 jobs and generate $1.3 billion in average annual investment, according to the EDC. It will also reduce  CO2 emissions by 34.5 million tons – the equivalent of removing nearly 500,000 cars from roadways for 15 years “The Climate Crisis is real. New York City will serve as the model for taking climate action and growing the Offshore Wind Industry with a real long-term vision plan focused on equity,” said Mayor de Blasio. “We have the opportunity now to deliver on promises and set the City on a path towards a sustainable future.”  Map of the five offshore wind projects in active development in New York New York already has five offshore wind projects in active development – the largest offshore wind pipeline in the nation totaling more than 4,300 megawatts and representing nearly 50 percent of the capacity needed to meet New York’s nation-leading offshore wind goal of 9,000 megawatts by 2035. In Sunset Park, Brooklyn, NYCEDC and its partners have collaborated to activate the South Brooklyn Marine Terminal (SBMT) into a OSW port, to be operated by Equinor, a global developer of offshore wind power operating the Empire Wind Project. This ensures that a sizeable piece of the burgeoning industry will land in New York City by the mid-2020s. Brooklyn Marine Terminal The plan announced this week cements the focus on three core areas: sites and infrastructure, business and workforce, and research and innovation.  New York needs to build the infrastructure that will support the construction and operation of offshore wind farms and the plan outlines how the city will expand its manufacturing sector to build, stage, and install wind turbines, and ensure they can be serviced and powered locally. NYCEDC will also be working with the offshore wind industry and partners to launch an accelerator that will allow New York-based startups to build out the next generation of technologies to support advancement in the field.  “This forward-looking plan to grow the Offshore Wind Industry sets New York City up to reduce emissions while creating good green jobs,” said United States Senate Majority Leader, Charles E. Schumer. “The Mayor has long understood the way transforming our energy system will drive our economy to new heights. I am thankful to him for continuing to provide bold leadership on this vital issue.” To help ensure progress is made, NYCEDC will establish an Offshore Wind Industry Advisory Council led by co-chairs Elizabeth Yeampierre, Executive Director of UPROSE, and KC Sahl, Northeast Energy Market Leader at VHB, a civil engineering firm active in the offshore wind industry. The council will be made up of additional community, business and nonprofit leaders with relevant expertise and experience. “For decades, offshore wind developers, supply chain manufacturers, consultants, and environmental justice organizations have dedicated themselves to a clean energy future, while creating economic opportunities for all communities. The New York City Offshore Wind Advisory Council will work to align these efforts to best serve the future of New York City,” said Sahl. In July, New Jersey cleared the way for hundreds of wind turbines off the state’s coast in coming years. Two wind farm projects have already been approved, potentially giving New Jersey the second-most offshore wind power of any state, behind only New York. The post Mayor charges up plan to build offshore wind farms in New York waterways appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklySep 24th, 2021

How to Find Strong Buy Retail and Wholesale Stocks Using the Zacks Rank

Finding strong, market-beating stocks with a positive earnings outlook becomes easier with the Zacks Rank. Whether you're a growth, value, income, or momentum-focused investor, building a successful investment portfolio takes skill, research, and a little bit of luck.How do you find the right combination of stocks that will generate returns that could fund your retirement, or your kids' college tuition, or your short- and long-term savings goals?Enter the Zacks Rank.What is the Zacks Rank?A unique, proprietary stock-rating model, the Zacks Rank uses earnings estimate revisions, or changes to a company's earnings expectations, to help investors create a winning portfolio.There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise.Agreement is the extent to which all brokerage analysts are revising their earnings estimates in the same direction. The greater the percentage of analysts revising their estimates higher, the better chance the stock will outperform.Magnitude is the size of the recent change in the consensus estimate for the current and next fiscal years.Upside is the difference between the most accurate estimate, which is calculated by Zacks, and the consensus estimate.Surprise is made up of a company's last few quarters' earnings per share surprises; companies with a positive earnings surprise are more likely to beat expectations in the future.Each one of these factors is given a raw score that's recalculated every night, and then compiled into the Zacks Rank. Using this data, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell."The Power of Institutional InvestorsThe Zacks Rank also allows individual investors, or retail investors, to benefit from the power of institutional investors.Institutional investors are responsible for managing the trillions of dollars invested in mutual funds, hedge funds, and investment banks. Research has shown that these investors can and do move the market due to the large amount of money they deal with, and thus, the market tends to move in the same direction as them.In order to determine the fair value of a company and its shares, institutional investors design valuation models that focus on earnings and earnings estimates. Because if you raise earnings estimates, it then creates a higher fair value for a company and its stock price.With these changes, institutional investors will act, usually buying stocks with rising estimates and selling those with falling estimates. An increase in earnings expectations can potentially lead to higher stock prices and bigger gains for the investor.Retail investors who get in at the first sign of upward revisions have a distinct advantage over larger investors since it can often take weeks, if not months, for an institutional investor to build a position. They'll also benefit from the expected institutional buying that could follow.Not only can the Zacks Rank help you take advantage of trends in earnings estimate revisions, but it can also provide a way to get into stocks that are highly sought after by professionals.How to Invest with the Zacks RankThe Zacks Rank is known for transforming investment portfolios. In fact, a portfolio of Zacks Rank #1 (Strong Buy) stocks has beaten the market in 26 of the last 32 years, with an average annual return of +25.41%.Moreover, stocks with a new #1 (Strong Buy) ranking have some of the biggest profit potential, while those that fell to a #4 (Sell) or #5 (Strong Sell) have some of the worst.Let's take a look at Lithia Motors (LAD), which was added to the Zacks Rank #1 list on July 24, 2021.Lithia Motors, Inc. is one of the leading automotive retailers of new and used vehicles, and related services in the United States. As of Dec 31, 2020, the company offered 33 vehicle brands across 209 stores in 22 states within the United States. The core brands offered by Lithia Motors include Chrysler, General Motors, Toyota, Subaru, Honda, Acura, Ford, BMW, MINI, Nissan and Hyundai.Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2021. The Zacks Consensus Estimate has increased $7.02 to $35.11 per share. LAD boasts an average earnings surprise of 28.3%.Analysts are expecting earnings to grow 93% for the current fiscal year, with revenue forecasted to rise 69%.Even more impressive, LAD has gained in value over the past four weeks, up 2.2% compared to the S&P 500's loss of 0.6%.Bottom LineWith a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Lithia Motors should be on investors' shortlist.If you want even more information on the Zacks Ranks, or one of our many other investing strategies, check out the Zacks Education home page.Discover Today's Top StocksOur private Zacks #1 Rank List, based on our quantitative Zacks Rank stock-rating system, has more than doubled the S&P 500 since 1988. Applying the Zacks Rank in your own trading can boost your investing returns on your very next trade. See Today's Zacks #1 Rank List >> Time to Invest in Legal Marijuana If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%. You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lithia Motors, Inc. (LAD): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksSep 24th, 2021

This Top Business Services Stock is a #1 (Strong Buy): Why It Should Be on Your Radar

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Rank. Whether you're a growth, value, income, or momentum-focused investor, building a successful investment portfolio takes skill, research, and a little bit of luck.But what's the best way to find the right combination of stocks? Because funding things like your retirement, your kids' college tuition, or your short- and long-term savings goals will definitely require significant returns.Enter the Zacks Rank.What is the Zacks Rank?The Zacks Rank, which is a unique, proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, that makes building a winning portfolio easier.There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise.Agreement is the extent to which all brokerage analysts are revising their earnings estimates in the same direction. The greater the percentage of analysts revising their estimates higher, the better chance the stock will outperform.Magnitude is the size of the recent change in the consensus estimate for the current and next fiscal years.Upside is the difference between the most accurate estimate, which is calculated by Zacks, and the consensus estimate.Surprise is made up of a company's last few quarters' earnings per share surprises; companies with a positive earnings surprise are more likely to beat expectations in the future.Each factor is given a raw score, which is recalculated every night and compiled into the Zacks Rank. Utilizing this data, stocks are put into five different groups: Strong Buy, Buy, Hold, Sell, and Strong Sell.The Power of Institutional InvestorsThe Zacks Rank also allows individual investors, or retail investors, to benefit from the power of institutional investors.Institutional investors are the professionals who manage the trillions of dollars invested in mutual funds, investment banks, and hedge funds. Studies have shown that these investors can and do move the market due to the large amounts of money they invest with. Because of this, the market tends to move in the same direction as institutional investors.In order to figure out the fair value of a company and its shares, these investors will build valuation models focused on earnings and earnings expectations. Because if you raise estimates for the bottom line, it creates a higher fair value for a company.Institutional investors then act on these changes in earnings estimates, typically buying stocks with rising estimates and selling those with falling estimates; an increase in earnings estimates can translate into higher stock prices and bigger gains for the investor.Because it can take a long time for an institutional investor to build a position -- sometimes weeks, if not months -- retail investors who get in at the first sign of upward revisions have a distinct advantage over these larger investors, and can benefit from the expected institutional buying that will follow.Not only can the Zacks Rank help you take advantage of trends in earnings estimate revisions, but it can also provide a way to get into stocks that are highly sought after by professionals.How to Invest with the Zacks RankThe Zacks Rank is known for transforming investment portfolios. In fact, a portfolio of Zacks Rank #1 (Strong Buy) stocks has beaten the market in 26 of the last 32 years, with an average annual return of +25.41%.Moreover, stocks with a new #1 (Strong Buy) ranking have some of the biggest profit potential, while those that fell to a #4 (Sell) or #5 (Strong Sell) have some of the worst.Let's take a look at Avis Budget Group (CAR), which was added to the Zacks Rank #1 list on August 4, 2021.Headquartered in Parsippany, N.J., Avis Budget Group operates as a leading vehicle rental operator in North America, Europe and Australasia with an average rental fleet of nearly 650,000 vehicles. The company is a leading global provider of mobility solutions through its three most recognized brands — Avis, Budget and Zipcar. The company has licensees in approximately 175 countries throughout the world.For fiscal 2021, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $9.04 to $13.48 per share. CAR boasts an average earnings surprise of 126.2%.Earnings are forecasted to see growth of 317.1% for the current fiscal year, and sales are expected to increase 55.9%.Additionally, CAR has climbed higher over the past four weeks, gaining 21.8%. The S&P 500 is down 0.6% in comparison.Bottom LineWith a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Avis Budget Group should be on investors' shortlist.If you want even more information on the Zacks Ranks, or one of our many other investing strategies, check out the Zacks Education home page.Discover Today's Top StocksOur private Zacks #1 Rank List, based on our quantitative Zacks Rank stock-rating system, has more than doubled the S&P 500 since 1988. Applying the Zacks Rank in your own trading can boost your investing returns on your very next trade. See Today's Zacks #1 Rank List >> Time to Invest in Legal Marijuana If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%. You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Avis Budget Group, Inc. (CAR): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksSep 24th, 2021

Airbus created a new plane concept with wings modeled off how eagles soar designed to increase efficiency

Airbus is making strides in its decarbonization effort with the launch of its new wing demonstrator, a computer model of what the wings will look like. Computer rendering of Airbus wing demonstrator Airbus Airbus revealed its new wing demonstrator, a carbon-reducing innovation modeled off how an eagle soars. The technology will be represented on a Cessna Citation VII business jet platform. The wing is the latest of Airbus' carbon-reducing efforts, which recently announced its CityAirbus NextGen. See more stories on Insider's business page. Airbus is making strides in its decarbonization effort with the launch of its new wing demonstrator, a technology modeled off how an eagle soars through the air.On Wednesday, Airbus announced a high-performance concept that is focused on accelerating and validating technologies to enhance aircraft performance and optimize wing aerodynamics. The company aims to improve flight efficiency by looking at how an eagle soars and "adapting the shape, span and, surface of its wings and feathers" to a pair of aircraft wings, according to Airbus.The scaled demonstrator, which is currently just a computer model of what the wings will look like, will be represented on a Cessna Citation VII business jet platform, though it will be compatible with any future aircraft and propulsion systems, according to the company. Airbus is still investigating other elements of the demonstrator's wing control, like gust sensors and multifunctional trailing edges that aerodynamically change the wing's surface in flight. The project will be hosted under Airbus UpNext, the company's wholly-owned subsidiary."Airbus' extra-performing wing demonstrator is another example of Airbus' novel technology-oriented solutions to decarbonise the aviation sector. Airbus is continuously investigating parallel and complementary solutions such as infrastructure, flight operations, and aircraft structure. With this demonstrator, we will make significant strides in active control technology through research and applied testing of various technologies inspired by biomimicry," said Airbus Chief Technical Officer Sabine Klauke. The innovation is the company's latest carbon-reduction project, following its announcement of its first full-sized "eco-wing" prototype and its CityAirbus NextGen electric aircraft. According to Airbus, the eco-wing prototype, three of which will be built, is part of the company's "Wing of Tomorrow" program focused on testing the latest composite materials in wing aerodynamics and architecture and exploring how to improve wing manufacturing and industrialization for future demand. Full integrated composite wing cover Airbus Meanwhile, the company's next general CityAirbus is part of the company's vision for a network of zero-emission, intra-city electric aircraft. The "flying taxis" emit less than 70 dBa of noise, making them feasible for urban flying, according to the company. CityAirbus NextGen Airbus Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 24th, 2021

2023 Genesis GV60

The parade of new EVs with innovative technologies continues to grow. A case in point is the latest offering from Genesis, the luxury vehicle division of Hyundai. The GV60 is the newest model, and it shares an EV platform with stablemates like the Hyundai Ioniq 5 and Kia EV6. The GV60 will; likely be the… Read More The post 2023 Genesis GV60 appeared first on The Big Picture. The parade of new EVs with innovative technologies continues to grow. A case in point is the latest offering from Genesis, the luxury vehicle division of Hyundai. The GV60 is the newest model, and it shares an EV platform with stablemates like the Hyundai Ioniq 5 and Kia EV6. The GV60 will; likely be the first vehicle to charge wirelessly: The tech from WiTricity uses an inductive magnetic field through two coils, charging the EV’s battery pack over the course of hours — without any physical connection. Imagine this being built into your home or apartment — you park in your garage or assigned space, turn off the car, and it recharges automagically. A vision of the future where EV advantages over ICE are ever larger. Other key stats: -1st global-market EVs with original-equipment wireless charging (initially offered in South Korea) -RWD single motor 225 HP base unit; AWD 330HP versions -High performance version  430HP (two 215 HP version) in AWD version. -77.4KW battery with Range of up to 300 miles -fast 800V charging system, 18 minute charge time to 80% -digital side camera mirrors I find the quirky exterior to be fun for a compact hatch/crossover. The interior looks high quality, similar to the Mustang Mach E. The 2023 model-year vehicle is scheduled to come out in 2022. Pricing is guessed to start ~$50,000, making it a premium alternative to the Kia EV6 and Hyundai Ioniq.   Source: Genesis Source: Green Car Reports See Also: MotorTrend The post 2023 Genesis GV60 appeared first on The Big Picture......»»

Category: blogSource: TheBigPictureSep 24th, 2021

Fed Gives Bond-Buy Tapering Signal Without Timeline: 5 Picks

We have narrowed down our search to five U.S. corporate behemoths that have strong growth potential for the rest of 2021. These are: AAPL, MSFT, NVDA, DHR and COST. On Sep 22, Wall Street closed sharply higher ending its 4-day losing streak and recouped some of the losses it has suffered in September. The three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — rallied 1% each, while the small-cap-centric Russell 2000 surged 1.5%.U.S. stock markets rebounded following Fed Chairman Jerome Powell’s confirmation that a shift from the central bank’s ultra-dovish monetary policy is not immediate. The Fed will maintain its monetary stimulus and stick to a near-zero short-term benchmark interest rate at least for the time being.Powell Maintains Dovish StanceIn his statement after the conclusion of the two-day FOMC meeting, Fed Chairman Jerome Powell said “If progress continues broadly as expected, the Committee judges that a moderation in the pace of asset purchases may soon be warranted.”Fed Chairman made the point that it is “more important to do it right than fast.” “While no decisions were made, participants generally viewed that so long as the recovery remains on track, a gradual tapering process that concludes around the middle of next year is likely to be appropriate,” he said.Powell said that the central bank’s further progress test has been met regarding its inflation target. He added “My own view is the test for substantial further progress on employment is all but met.” However, Powell made it clear “For me it wouldn’t take a knockout, great, super strong employment report. It would take a reasonably good employment report for me to feel like that test is met.”Fed’s latest dot plot for rate projection is showing nine out of18 members believing that the first rate cut will come in the second half of 2022. This number was just seven after June’s FOMC meeting. However, Powell had commented in June that dot plots should be taken with a “big grain of salt.” It is “not a great forecaster of future rate moves." Fed's policy will be guided by the actual outcome of economic variables and not by its officials' expectations about the future.Tapering Likely Priced in Market ValuationThe Fed Chairman has said repeatedly that the central bank will give enough indication to market participants before it actually starts tapering in order to minimize volatility.Although the Fed has restrained from providing any timeline as to when the tapering of the monthly $120 billion bond-buy program will start, many economists and financial researchers believe that the announcement will come in the next FOMC meeting in November and the process will start from December.Despite this, yesterday’s rally indicates that the impact of tapering seems already factored in market valuations. The central bank had taken this extraordinary measure last year to tackle an extraordinary health hazard-led economic devastation. Everyone knows that this monetary stimulus will fade out gradually with the pace of U.S. economic recovery.Therefore, a possible tapering of the Fed’s monthly $80 billion Treasury Notes and $40 billion mortgage-backed bond-buying program this year may not shake market participants’ confidence. The important point is that the Fed has taken an extremely cautious approach to tapering its quantitative easing program.Stock Selection CriteriaAt this stage, it will be prudent to invest in stocks of U.S. corporate behemoths (market capital > $100 billion) that have performed better than the market’s benchmark — the S&P 500 Index — in the past month, amid September’s volatility.The stocks must carry a favorable Zacks Rank. These companies have highly established business models spread across the world, lucrative product pipelines, globally acclaimed brand recognition and robust financial positions, which will help them to cope with a higher interest rate.Accordingly, we have narrowed down our search to five U.S. corporate behemoths that have strong growth potential for the rest of 2021. These stocks have seen positive earnings estimate revisions in the last 60 days. Each of our picks carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The chart below shows the price performance of our five picks in the past month.Image Source: Zacks Investment ResearchApple Inc.'s AAPL Services and Wearables businesses are expected to drive top-line growth in fiscal 2021 and beyond. Although Apple’s business primarily runs around its flagship iPhone, the Services portfolio has emerged as the company’s new cash cow. Its focus on autonomous vehicles and augmented reality/virtual reality technologies presents growth opportunities in the long haul.This Zacks Rank #1 company has an expected earnings growth rate of 2.2% for next year (ending September 2022) after estimated 70.4% growth in the current year (ending September 2021). The Zacks Consensus Estimate for next year improved 6.3% over the last 60 days.Microsoft Corp. MSFT is introducing new and improved Surface devices that could encourage enterprises to stick with Windows as they move toward BYOD and cloud computing. Microsoft’s advantages in this respect are two-fold.First, the company has a very large installed base of Office users. Most legacy data are based on Office, so enterprises are usually reluctant to use other productivity solutions. Second, the BYOD model is dependent on security and cloud integration, both of which are Microsoft’s strengths.This Zacks Rank#2 company has an expected earnings growth rate of 8.4% for the current year (ending June 2022). The Zacks Consensus Estimate for current-year earnings improved 3.7% over the last 60 days.NVIDIA Corp. NVDA is benefiting from the coronavirus-induced work-from-home and learn-at-home wave. It is also benefiting from strong growth in GeForce desktop and notebook GPUs, which are boosting gaming revenues.Moreover, a surge in Hyperscale demand remains a tailwind for the company’s Data Center business. The expansion of NVIDIA GeForce NOW is expected to drive its user base. Further, a solid uptake of artificial intelligence-based smart cockpit infotainment solutions is a boon.This Zacks Rank #2 company has an expected earnings growth rate of 68% for the current year (ending January 2022). The Zacks Consensus Estimate for current-year earnings has improved 5.8% over the last 60 days.Danaher Corp. DHR is poised to gain from Danaher Business System (“DBS”), the policy of rewarding shareholders through dividend payments, synergistic benefits from acquired assets and investment in product innovation in the quarters ahead.The company anticipates core revenue growth in the mid to high-teens range for the third quarter of 2021 and in the high-teens for 2021. The pandemic-led tailwinds are expected to boost core sales by high-single digits in the third quarter and by 10% in 2021.This Zacks Rank #2 company has an expected earnings growth rate of 50.4% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1% over the last 30 days.Costco Wholesale Corp. COST operates membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.Its growth strategies, better price management, decent membership trend and increasing penetration of e-commerce business reinforce its position. The strategy to sell products at discounted prices has helped to draw customers seeking both value and convenience. These factors have been aiding in registering impressive sales numbers.This Zacks Rank #2 company has an expected earnings growth rate of 7.9% for the current year (ending August 2022). The Zacks Consensus Estimate for current-year earnings has improved 1.1% over the last 30 days. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apple Inc. (AAPL): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Danaher Corporation (DHR): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 23rd, 2021

Exro: An Opportunity In Electrified Mobility

“We want to be the agnostic arms merchant to the fiber optic industry” – Kevin Kalkhoven of Uniphase to David Schneider in 1996 Q2 2021 hedge fund letters, conferences and more Investors seek similar situation for the electrified mobility industry Form Factors for Electrified Mobility Form factors include buses, motorcycles, snowmobiles, off-road vehicles/trucks from small […] “We want to be the agnostic arms merchant to the fiber optic industry” – Kevin Kalkhoven of Uniphase to David Schneider in 1996 .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q2 2021 hedge fund letters, conferences and more Investors seek similar situation for the electrified mobility industry Form Factors for Electrified Mobility Form factors include buses, motorcycles, snowmobiles, off-road vehicles/trucks from small to very large passenger vehicles and boats. Highlights of Company Capabilities Its technology advantages: Agnostic to battery chemistry, work for all segments (buses, RVs, motorcycles, snowmobiles, off-road vehicles/trucks and boats) Implementation can reduce number of parts in the vehicle, save money, reduce weight, improve reliability Increase efficiency of motor/battery system for better driving performance Increase miles per charge regardless of form factor $ content per vehicle correlates with size of vehicle Large and growing patent portfolio Implementation of their technology by one player in a segment would create a step function improvement in the vehicle, forcing competitors to adopt their technology or cobble together alternative Company Leadership – Pedigrees from GE Motor, International Rectifier, Siemens, Ballard Power, Ford, Audi, Volkswagen, GM, Vision Marine (electric boats) First commercial revenues likely early 2012 with motorcycle form factor First pure play creating an “ecosystem” of electrification subsystems that work together Company Financials Method for guesstimate of future numbers: Estimate gross profit per unit encompassing all form factors from electric bike to trucks Assume outsourced manufacturing for scale, subtract a high amount for corporate expenses, apply a tax rate and assume we are looking at 2025 Assume free cashflow = net income annually. * Far left column assumes units sold globally, company has enough cash for next 18 months Exro, A Pioneer In Mobile Electrification Exro Technologies Inc, traded in Canada as TSE:EXRO and bulletin board in US as OTCMKTS:EXROF with a market cap of US $310M The product is the coil-driver Its technology Continual optimization of the relationship between torque and speed of the motor Improves efficiency of the system to where in a multi-motor system a motor might be eliminated completely Replacement of moving parts with electronics reduces weight and increases reliability- perfect example :  Why the Porsche Taycan's Two-Speed Gearbox Is Such a Big Deal | WIRED Partnerships Land Motorcycles: for next generation models Zero Motorcycles: for next generation models (Zero is also partner of Polaris for next generation of Polaris electrified vehicles. Templar: Boating application Aurora Powertrains: Snowmobiles Clean Seed Capital: Farm Equipment Sea Electric: Fleet (truck) Vehicles Heinzmann: Auto, truck, e-bike motors Heinzmann is a tier 1 auto supplier Vicinity Motor: Buses Potencia Industrial (Mexico): Industrial and automotive Linimar Corp: Auto parts Advantages Of Exro Technologies From the point of zero motion to moving, you need torque As you get closer to cruising speed, the need for torque drops and you just need to maintain that speed. Encounter a hill, you need torque again. Exro has created a system that manages that relationship between torque and speed This optimizes torque and speed to maximize the efficiency of the motor, and in turn reduces the needs on the battery. Using the coil driver replacesmechanical parts, reduces weight of the vehicle, increases miles/charge, reduces cost Lighter vehicle = more range, better performance Because Exro reduces the cost of the finished product, they have a pricing umbrella that should give the company premium margins in an outsourced manufacturing model How Does The Coil Driver Work? The product consists of electronics in a box that is software driven. They change the coil configuration of the motor on the fly, with the inputs based on vehicle weight, grade of the road, and need for acceleration. The technology has the greatest impact on the largest vehicles and/or those dealing with a terrain such as hills and valleys, and situations with the biggest torque ranges. This makes sense, a reason why they are working with an ATV and snowmobile companies. Another great example for Exro technology is buses. The weight varies with number of passengers, lots of starts and stops, and have to navigate with slope and terrain. Garbage trucks and UPS type of delivery vehicles also. Additional Functionality Exro received new patents in July, 2021 for a new capability Electric vehicles (EVs) require 3 different types of power electronics to power the vehicle in motion and charge the batteries: A motor drive, on-board charger and external DC fast charger. The coil driver can replace all 3 components, reducing cost and complexity of deploying EV’s and simplifying the required infrastructure for charging. Just another example of reducing complexity of the vehicle, pulling out costs. Business Potential Business potential: No partner company has gotten an exclusive deal with EXRO – example they are working with 2 motorcycle companies (ZERO Motorcycles and Land Motorcycles). In an interview with CEO of Polaris (2’50” of the below link), he mentioned partnership with Zero Motorcycles. Anybody make the connection of where ZERO is getting their next generation technology from? Apparently not. Will It Sell? You are in the market for an electric car, boat, or motorcycle. You are having a tough time deciding between two brands, one with Exro, another without. With Exro inside, you realize: 20% more miles per charge, charge at home most of the time, fewer parts so more reliable. – clear competitive advantage. When the adoption of the technology gains traction which in my opinion will be mid 2022, investors won’t care if the hockey stick of revenue and earnings takes off in 2024 or even 2025. Hurdles To Adoption And Commercialization Coil Driver needs be perfectly connected to the motor, need to test, test, and test. New Kid on the block intersecting with big fish with “not invented here” syndrome. OEM’s and Tier 1 suppliers may have existing multi-year supplier deals that need to expire before introducing EXRO application First commercialization will be with nimbler OEM’s that produce motorcycle, off road vehicles. Established Automotive OEM’s due to supply chain logistics are already locking down model year ‘23, so even if an OEM signed with Exro tomorrow, earliest we would see Exro in a major brand vehicle would be ‘24 models. But, I would not be surprised to see a major name come onboard in the next 6-9 months. Investment Summary The elimination of heavy moving parts creates instant cost savings for an OEM. This translates to an increase in overall reliability, and should an issue arrive with the Exro component, it can be easily accessed and/or diagnosed electronically. In one video on YouTube, an electric bus company said they will be trialing EXRO at the end of this year and they expect a 20-30% increase in miles per charge. Lithium: With the world fixated on access to lithium and as the price of lithium increases, there will be more focus on optimizing the electrical system. As the lithium price rises, a technology that allows for fewer cells/battery pack should be welcomed. Charging Stations: Companies are building out recharging stations all over the world. Why not do it at home? With Exro built into the vehicle, you will be able to plug your vehicle into a regular 115v outlet. With the increased range of the vehicle between charges, you won’t need to go to an outside recharge station unless driving a very long distance. A great selling point for an automotive OEM. Company Financials 2025 *Far left column assumes units sold globally, company has enough cash for next 18 months Based on $662 million net income on 3 million units, 130 million shares = $5.09 in EPS. More conservatively cut it down to $4.00 in EPS, push it out to 2026 earnings. Current stock price = $2.25 and Exro has enough cash for 18-24 months. News of an OEM deal could move the decimal point on the stock price at which point I would hope they would issue 2-3 million new shares. That would be all they need until the cash starts to roll in. But Exro could get cash up front in signing a major OEM on a non-exclusive license deal, reducing the need for any equity offering. Battery Control System (BCS) Exro also has a Battery Control System for use when battery packs reach the end of their life. They optimize the batteries for use as energy storage systems. Energy storage system can be grid connected and/or used as a backup power supply for business and homes. They are targeting commercial launch is 2022. They are doing a demo at the North American Battery Show on 9/14 Incorporation of any upside from the BCS is icing on an already target rich cake. Updated on Sep 22, 2021, 9:51 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkSep 22nd, 2021

SoftBank, Middle Eastern Sovereign Wealth Funds Back Mnuchin"s $2.5 Billion Private Equity Fund

SoftBank, Middle Eastern Sovereign Wealth Funds Back Mnuchin's $2.5 Billion Private Equity Fund Treasury Secretary Steven Mnuchin has found an investor for his new 10-figure private equity fund in an old friend of the Trump Administration: SoftBank. The latest iteration of SoftBank's infamous Vision Fund has decided to invest in Mnuchin's new firm, which has a fundraising target of $2.5 billion, and will feature a private equity model. Mnuchin's new Liberty Strategic Capital, which was launched earlier this year, has also raised money from sovereign wealth funds in the Middle East, including Saudi Arabia's Public Investment Fund. Ironically, the Saudis were a major backer of SoftBank's first vision fund, but declined to invest in VFII after VFI single-handedly hiked valuations across the Silicon Valley startup world with massive investments in Uber, WeWork, and other less-well-known firms. WeWork's implosion, defeat at Wag, and even more ridiculous ventures like Zume Pizza - the VF's $4 billion burnt pizza fiasco - left SoftBank and its Middle Eastern backers with massive losses. Although it mostly slipped below the radar, Mnuchin's fund also received an investment from Abu Dhabi's Mubadala, the giant sovereign wealth fund that saw its reputation tainted by the 1MDB scandal (which briefly led Mubadala to suspend its relationship with Mnuchin's former employer, Goldman Sachs). According to the FT, one anonymous source said VFII's decision to invest with Mnuchin was influenced by Saudi Arabia's PIF, the state fund administered by Crown Prince Mohammed bin Salman, with whom Mnuchin was said to have a friendly relationship. Liberty Strategic said: "The firm is not permitted to comment on any ongoing fundraising, but it has a diverse investor base including US insurance companies, family offices, sovereign wealth funds, and other institutional investors." Mnuchin had close ties with the US's Middle Eastern partners during his time as Treasury Secretary, though there were also times of tensionL he declined to attend MbS's "Davos in the Desert" in the wake of the murder of journalist Jamal Khashoggi inside a Saudi consulate in Turkey. Mnuchin of course joins a long line of Treasury Secretaries (from both parties) who have transitioned to private equity after their time in office. The list includes Timothy Geithner, Hank Paulson, John Snow and Jack Lew Mnuchin's fund is supposed to focus on financial services and technology. No word yet on whether or not it owns any crypto. Tyler Durden Wed, 09/22/2021 - 14:59.....»»

Category: blogSource: zerohedgeSep 22nd, 2021

Ford Motor Company (F) is a Top-Ranked Growth Stock: Should You Buy?

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage. For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.The Style Scores are broken down into four categories:Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.How Style Scores Work with the Zacks RankThe Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.That's where the Style Scores come in.To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.Stock to Watch: Ford Motor Company (F)Dearborn, MI-based Ford Motor Company designs, manufactures, markets and services cars, trucks, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles. Apart from vehicles, the company provides financial services through Ford Motor Credit Company LLC (“Ford Credit”). It employs approximately 199,000 employees worldwide.F is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.Additionally, the company could be a top pick for growth investors. F has a Growth Style Score of B, forecasting year-over-year earnings growth of 287.8% for the current fiscal year.Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2021. The Zacks Consensus Estimate has increased $0.35 to $1.59 per share. F boasts an average earnings surprise of 363.9%.With a solid Zacks Rank and top-tier Growth and VGM Style Scores, F should be on investors' short list. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 22nd, 2021

SoFi could soar 98% as growing product offerings enable significant cross-selling opportunity, Jefferies says

The bull case for SoFi mostly hinges on its ability to adopt a federal banking charter that would lower its cost of funding, Jefferies said. SoFi Stadium during the NFL game between the Arizona Cardinals and the Los Angeles Rams on January 03, 2021, at SoFi Stadium in Inglewood, CA. (Photo by Kevin Reece/Icon Sportswire via Getty Images) SoFi stock could soar 98% to $30 in a bull-case scenario, according to a Wednesday note from Jefferies. Jefferies believes SoFi's growing product offerings will enable a significant cross-selling opportunity, according to the note. "SoFi's synergistic business model will continue to drive significant user growth, product adoption, and margin expansion," Jefferies said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. SoFi stock jumped as much as 8% on Wednesday after Jefferies initiated the fintech company with a Buy rating and talked up its growth opportunity, driven by an expansion in its product offerings.Jefferies set a $25 price target and a $30 bull-case scenario price target for SoFi, representing potential upside of 65% and 98% from Tuesday's close, respectively."SoFi's synergistic business model will continue to drive significant user growth, product adoption, and margin expansion," Jefferies said, adding that the company's progress towards obtaining a bank charter should help support its long-term growth initiatives."A federal bank charter would significantly enhance cost of funding, funding capabilities, and returns/margins. SoFi has made meaningful progress towards this goal," Jefferies explained.SoFi recently acquired a banking institution and is in the process of transitioning its charter to the SoFi platform. "Ultimately, this would allow it to conduct normal banking operations without the legacy brick-and-mortar infrastructure, in turn creating a cheaper base to make loans to its customers," Jefferies said.Jefferies expects SoFi to grow its revenue at an average annual rate of 46% through 2025 as cross-selling products in the investing and loan refinance space via a leading digital interface helps improve profitability over the long term.SoFi has several upcoming catalysts that could help boost its stock price, according to Jefferies, including the ending of a student loan moratorium in February of 2022, which should result in significant member growth as users look to refinance their loans to a lower interest rate.The Biden administration extended a moratorium of student loan payments until the end of January as a form of aid amid the ongoing COVID-19 pandemic.But risks are abound, and Jefferies believes SoFi stock could stay at the $8 level in its bearish scenario, representing downside potential of 51% from current levels. Much of that scenario is based on the idea that "red tape associated with increased regulation prohibits SoFi from pivoting quickly and launching new products," the note said. Markets Insider Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 22nd, 2021

General Motors (GM) Seals Deal With Hertz, Unveils 3 New E-Motors

General Motors (GM) unveils three new electric motors for its Ultium-based EVs, set to debut on the all-new 2022 GMC Hummer EV. General Motors GM recently inked an agreement with Hertz to help provide additional loaner cars to dealerships amid the global shortage of microchip.Reportedly, Hertz, a rental car giant, will primarily pivot on furnishing loaner vehicles to Chevy Bolt EV customers. Further, Hertz will provide the additional loaner vehicles at the automaker’s current rate as an add-on to the GM Dealer Courtesy Transportation Program.General Motors recently extended an existing recall for the Chevy Bolt EV and Chevy Bolt EUV to all models and model years, including the revamped 2022 Chevy Bolt EV and all-new 2022 Chevy Bolt EUV. General Motors had issued the recall as the company had discovered two manufacturing defects in the battery cells supplied by South Korea's LG Energy Solution, its long-time electric vehicle (EV) partner. These include a torn anode tab and folded separator, which, in rare circumstances, could lead to a battery fire. To resolve the issue, General Motors had stated that the early Bolt models would have the entire battery packs replaced, while the newer models would have only the defective modules within the pack replaced. This had forced the auto biggie to suspend the production of new cars, until LG fixed the manufacturing lines and started supplying defect-free battery cells.This was followed by General Motors recently announcing that the production of the Chevy Bolt EV and Bolt EUV battery packs were resumed, with the replacement battery modules to be shipped out to dealers by mid-October. General Motors is also planning to issue a new state-of-the-art diagnostic software update, developed to locate the potential defects in the charging and battery packs, while enabling it to prioritize damaged batteries for replacement. Chevrolet dealers will commence installing the new software update in vehicles tentatively over the next 60 days.Like most other automakers, General Motors continues to fight the semiconductor chip dearth, used in the various car parts, since the beginning of the current calendar year. This had forced the automaker to temporarily halt production across several plants in North America.Nonetheless, the automaker was able to successfully navigate the chip crunch, as was evident by the company’s plans to ramp up production and deliveries of nearly all its vehicles, announced in June. General Motors was able to resume operations in nearly all of its assembly plants by diverting the scarce chip parts to the vehicles that are in the highest demand and generate the biggest profits.Other automakers scrambling with this supply-chain issue include Ford F, Toyota TM and Honda HMC.In a separate development, General Motors yesterday unveiled three new electric motors for its Ultium-based EVs at the 2021 Mackinac Policy Conference. The motors will power the automaker’s future EVs and debut on the 2022 GMC Hummer EV.The motors — a 180-kilowatt front-drive motor, a 255-kW rear and front-drive motor, and a 62-kW all-wheel-drive assist motor — are designed in-house by General Motors and can be configured in several different ways for different power and torque needs. Also, the motors can be used on a wide range of vehicles, spanning from performance cars to work trucks.Additionally, General Motors has developed the software for Ultium Drive’s motor controllers, which, per the auto biggie, is crucial to catering to the propulsion needs of various vehicle types with a minimal set of components. This new controller is also going to be first integrated in the GMC Hummer EV.The power electronics of General Motors’ Ultium-based EVs will be integrated directly into the Ultium Drive units, thereby bringing down costs, weight and manufacturing complexity, while increasing the performance and reliability.The company’s years of expertise and skill in electric drive system development are aiding it to transit quickly from conventional vehicles to EVs. The Ultium Drive components will allow the company to more quickly ramp up the EV production and adjust the production mix to cater to the rising market demand. Moreover, the company’s vertical integration in the EV space, incorporating both hardware and software, has helped take its EV game a notch higher, giving it significant competitive advantage over its peers.General Motors currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Toyota Motor Corporation (TM): Free Stock Analysis Report Honda Motor Co., Ltd. (HMC): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 22nd, 2021

Why You Should Retain Eastman Chemical (EMN) in Your Portfolio

While Eastman Chemical (EMN) faces headwinds from higher input and logistics costs, it benefits from productivity actions and innovation. Eastman Chemical Company EMN is benefiting from cost-cutting and productivity actions as well as its innovation-driven growth model amid certain headwinds including higher raw material costs.Shares of this leading chemical maker are up 28.8% in a year compared with the 21.8% rise of its industry.Let’s find out why this Zacks Rank #3 (Hold) stock is worth retaining at the moment. Image Source: Zacks Investment ResearchWhat’s Aiding EMN?Eastman Chemical is benefiting from cost cutting and productivity actions. It is undertaking a more aggressive approach to keep manufacturing costs in control. It is on track with its cost-cutting actions in 2021, which are expected to contribute to its earnings per share. Eastman Chemical is expected to benefit from lower operating costs from its operational transformation program.The company is also focused on generating new business revenues from innovation. It is investing around $250 million over 2021-2022 to construct one of the biggest plastic-to-plastic molecular recycling facilities in the world. The company expects $600 million of new business revenues from innovation in 2021. Eastman Chemical will also likely gain from its strategic acquisitions and end-market recovery.Eastman Chemical is also committed toward maintaining a disciplined approach to capital allocation, with an emphasis on financing its dividend and debt reduction. The company returned $328 million to shareholders through dividend payouts and share repurchases during second-quarter 2021. It expects to buyback shares worth roughly $250 million in the second half of this year. Eastman Chemical also anticipates free cash flow to exceed $1.1 billion for 2021.A Few WorriesEastman Chemical faces headwinds from higher raw material, energy, and distribution costs in some of its products. It witnessed unfavorable impacts from supply chain constraints and higher logistics costs in the second quarter. Headwinds associated with supply and logistics are likely to continue to impact its third-quarter results.The slowdown in automotive production due to the semiconductor shortage is another concern. The chip shortage is affecting automotive production globally. The shortage, partly caused by the impacts of the coronavirus pandemic, is disrupting production of parts and vehicles as well as affecting all major automotive original equipment manufacturers. This is likely to affect demand in the market over the near term.Eastman Chemical Company Price and Consensus  Eastman Chemical Company price-consensus-chart | Eastman Chemical Company QuoteStocks to ConsiderSome better-ranked stocks worth considering in the basic materials space include The Mosaic Company MOS, United States Steel Corporation X, and Olympic Steel, Inc. ZEUS, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Mosaic has an expected earnings growth rate of 471.8% for the current year. The stock has also rallied around 78% over a year.U.S. Steel has a projected earnings growth rate of 368.9% for the current year. The company’s shares have shot up around 200% in a year.Olympic Steel has an expected earnings growth rate of 2,362.2% for the current year. The company’s shares have rallied around 94% in the past year. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report United States Steel Corporation (X): Free Stock Analysis Report Eastman Chemical Company (EMN): Free Stock Analysis Report The Mosaic Company (MOS): Free Stock Analysis Report Olympic Steel, Inc. (ZEUS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 22nd, 2021

How to Find Strong Buy Auto, Tires and Trucks Stocks Using the Zacks Rank

Finding strong, market-beating stocks with a positive earnings outlook becomes easier with the Zacks Rank. Building a successful investment portfolio takes skill and hard work, no matter if you're a growth, value, income, or momentum-focused investor.How do you find the right combination of stocks that will generate returns that could fund your retirement, or your kids' college tuition, or your short- and long-term savings goals?Enter the Zacks Rank.What is the Zacks Rank?The Zacks Rank, which is a unique, proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, that makes building a winning portfolio easier.There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise.Agreement is the extent to which all brokerage analysts are revising their earnings estimates in the same direction. The greater the percentage of analysts revising their estimates higher, the better chance the stock will outperform.Magnitude is the size of the recent change in the consensus estimate for the current and next fiscal years.Upside is the difference between the most accurate estimate, which is calculated by Zacks, and the consensus estimate.Surprise is made up of a company's last few quarters' earnings per share surprises; companies with a positive earnings surprise are more likely to beat expectations in the future.These four factors are assigned a raw score that's recalculated every night, which is then compiled into the ranking system. Stocks are classified into five groups using this data, ranging from "Strong Buy" to "Strong Sell."The Power of Institutional InvestorsThe Zacks Rank also allows individual investors, or retail investors, to benefit from the power of institutional investors.Institutional investors are the professionals who manage the trillions of dollars invested in mutual funds, investment banks, and hedge funds. Studies have shown that these investors can and do move the market due to the large amounts of money they invest with. Because of this, the market tends to move in the same direction as institutional investors.In order to determine the fair value of a company and its shares, institutional investors design valuation models that focus on earnings and earnings estimates. Because if you raise earnings estimates, it then creates a higher fair value for a company and its stock price.With these changes, institutional investors will act, usually buying stocks with rising estimates and selling those with falling estimates. An increase in earnings expectations can potentially lead to higher stock prices and bigger gains for the investor.Retail investors who get in at the first sign of upward revisions have a distinct advantage over larger investors since it can often take weeks, if not months, for an institutional investor to build a position. They'll also benefit from the expected institutional buying that could follow.Not only can the Zacks Rank help you take advantage of trends in earnings estimate revisions, but it can also provide a way to get into stocks that are highly sought after by professionals.How to Invest with the Zacks RankThe Zacks Rank is known for transforming investment portfolios. In fact, a portfolio of Zacks Rank #1 (Strong Buy) stocks has beaten the market in 26 of the last 32 years, with an average annual return of +25.41%.Moreover, stocks with a new #1 (Strong Buy) ranking have some of the biggest profit potential, while those that fell to a #4 (Sell) or #5 (Strong Sell) have some of the worst.Let's take a look at CNH Industrial (CNHI), which was added to the Zacks Rank #1 list on September 22, 2021.CNH Industrial N.V., with principal office in London, United Kingdom, offers vehicles for agricultural and industrial purposes. Its products range from tractors to trucks and buses, along with powertrain solutions for off and on-road, and marine vehicles. It has 12 brands that offer equipment, catering to a wide consumer base. In September 2013, the company was formed after merging Fiat Industrial S.p.A. (“Fiat Industrial”) and CNH Global N.V. (“CNH Global”). It has four operating segments:For fiscal 2021, seven analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.19 to $1.32 per share. CNHI boasts an average earnings surprise of 179.7%.Earnings are forecasted to see growth of 371.4% for the current fiscal year, and sales are expected to increase 25.9%.Additionally, CNHI has climbed higher over the past four weeks, gaining 0.1%. The S&P 500 is down 1.9% in comparison.Bottom LineWith a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, CNH Industrial should be on investors' shortlist.If you want even more information on the Zacks Ranks, or one of our many other investing strategies, check out the Zacks Education home page.Discover Today's Top StocksOur private Zacks #1 Rank List, based on our quantitative Zacks Rank stock-rating system, has more than doubled the S&P 500 since 1988. Applying the Zacks Rank in your own trading can boost your investing returns on your very next trade. See Today's Zacks #1 Rank List >> Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CNH Industrial N.V. (CNHI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 22nd, 2021

Brand New MIT Study Confirms Tesla"s Autopilot As Unsafe

Brand New MIT Study Confirms Tesla's Autopilot As Unsafe When MIT turns its back on Elon Musk and calls Tesla unsafe, maybe its time to start re-thinking exactly how technologically profound Musk and his company truly are. A new study out of MIT has "confirmed how unsafe" Tesla's Autopilot feature actually is, according to analysis from Screenshot Media and a study called "A model for naturalistic glance behavior around Tesla Autopilot disengagements". The study reveals, in not so many words, that Full Self Driving is not as safe as it claims. It followed Tesla Model S and X owners "during their daily routine for periods of a year or more" and found that drivers become inattentive when using partially automated driving systems.  The study itself concluded: “Visual behavior patterns change before and after [Autopilot] disengagement. Before disengagement, drivers looked less on road and focused more on non-driving related areas compared to after the transition to manual driving. The higher proportion of off-road glances before disengagement to manual driving were not compensated by longer glances ahead.”  TechCrunch wrote about the study: “The researchers found this type of behavior may be the result of misunderstanding what the [autopilot] feature can do and what its limitations are, which is reinforced when it performs well. Drivers whose tasks are automated for them may naturally become bored after attempting to sustain visual and physical alertness, which researchers say only creates further inattentiveness." TechCrunch also wrote about how the data was collected for the study: The vehicles were equipped with the Real-time Intelligent Driving Environment Recording data acquisition system1, which continuously collects data from the CAN bus, a GPS and three 720p video cameras. These sensors provide information like vehicle kinematics, driver interaction with the vehicle controllers, mileage, location and driver’s posture, face and the view in front of the vehicle. MIT collected nearly 500,000 miles’ worth of data.  At the same time this week, Tesla has stiff-armed regulators and any ongoing investigation and has decided to roll out its Full Self Driving 10.0.1 beta.  Recall, last month we reported that regulators at the NHTSA in the United States had finally come to their senses and opened the long-overdue investigation. The NHTSA said the investigation includes Tesla's Model X, S and 3 for model years 2014-2021. The broad range of models and model years means that this could be the large-scale investigation that skeptics have been requesting for years, we noted. The NHTSA said the investigation would assess technologies, methods "used to monitor, assist, and enforce the driver's engagement" during autopilot operation, according to Bloomberg. Just days ago, we noted that the NTSB had urged the company to work on the feature's safety before pursuing Autopilot further. Jennifer Homendy, chairwoman of the National Transportation Safety Board, said: “Basic safety issues have to be addressed before they then expand it to other city streets and other areas.” Homendy argued that the term ‘full self-driving’ was “misleading and irresponsible". The full study can be read here. Tyler Durden Wed, 09/22/2021 - 09:00.....»»

Category: blogSource: zerohedgeSep 22nd, 2021

Rabobank: Socialism For The Rich And Socialism For The Poor Is The Reality For Us And For Markets

Rabobank: Socialism For The Rich And Socialism For The Poor Is The Reality For Us And For Markets By Michael Every of Rabobank Socialism for the rich / Socialism for the poor US President Biden just spoke at the UN General Assembly, promised no Cold War, and offered nothing but international cooperation: French President Macron deliberately wasn’t there to hear it. China’s Xi Jinping stated all disputes should be handled with “dialogue and cooperation”, and pledged to stop funding offshore coal projects. That’s as nuclear subs and threatened nuclear strikes are the week’s other global stories. When do shoes get bashed on desks, and by whom? This is all as the Wall Street Journal’s Lingling Wei argues “Xi Jinping aims to rein in Chinese capitalism, hew to Mao’s socialist vision”, echoing what I have been argued --again-- in “Profound or profund revolution?”, which explains the ideological roots of the new policy of ‘common prosperity’. Except Lingling has key quotes from people ‘in the room’, where all the elephants are for markets. Here are just some of the highlights: “The Chinese President is not just trying to rein in a few big tech and other companies and show who is boss in China. He is trying to roll back China’s decades-long evolution toward Western-style capitalism and put the country on a different path entirely, a close examination of Mr. Xi’s writings and his discussions with party officials, and interviews with people involved in policy making, show. In Mr. Xi’s opinion, private capital now has been allowed to run amok, menacing the party’s legitimacy, officials familiar with his priorities say. The Wall Street Journal examination shows he is trying forcefully to get China back to the vision of Mao Zedong, who saw capitalism as a transitory phase on the road to socialism. Mr. Xi isn’t planning to eradicate market forces, the Journal examination indicates. But he appears to want a state in which the party does more to steer flows of money, sets tighter parameters for entrepreneurs and investors and their ability to make profits, and exercises even more control over the economy than now. In essence, this suggests that he aims to rewrite the rules of business in what could someday be the world’s biggest economy….the government would have a level of control that would allow it to steer the economy and industry along a path of its choosing, and channel private resources into strengthening state power…."Supervision over foreign capital will be strengthened," said a person familiar with the thinking at China’s top markets regulator.”” Yet I doubt even *that* is clear enough for The Street to understand. Portfolio managers who have been confronted with the above evidence are saying: “I missed the chance to sell last week but we are lower now, so I will stay long.”; “This is a buying opportunity.”; and “It’s behind us, time to buy.” None have read a word of Marx, even after being shown it provides a guide to what happens next, and they don’t plan to. All they need do is not underperform the market and fail conventionally, “because whocouldanooed?” We will no doubt also have US-based billionaires and funds, like a hypothetical ‘Day Rallio’ or ‘Whitepebble’, telling us to go longer Chinese assets, or extolling the virtues of this system. And there are things to extoll: socialism for the poor at least aims to help those who are left behind, and recognizes unregulated markets end up in monopoly or oligopoly and exploitation. Yet that is not what they are selling, but high returns, when China is making clear returns will be low, and only in some sectors at all. If you want a *logical* argument to go long Chinese assets, surely first one needs to have a view on the efficacy of a state-controlled economic model, in the same way one should believe in the tech of a start-up bringing an app to market? Then one needs to accept that it means the equivalent of the low-return-but-safe equivalent of what used to be government bond yields before the failure of free-market capitalism meant we have to pay governments to let us hold their debt. Even that overlooks the longer-run FX down-side risks and the whole Cold War backdrop. Meanwhile, the great joke is that this debate --where there is any-- is taking place against the backdrop of the upcoming Fed policy decision. Markets are on tenterhooks to find out if the FOMC will flag a timetable for the partial removal of the $120bn in QE liquidity it provides to the markets every month, while talking about inequality. In other words, socialism for the rich. The removal of that would be truly revolutionary in the eyes of many, as we are about to undergo another dot-plot Rorschach test.  . Meanwhile, economist Ann Pettifor on central banks points out what will happen when the internal contradictions of our system finally become too great for it to bear: “Fifty years ago, a US president closed the gold window, ended capital controls, and launched a new era of globalized finance. The “Nixon Shock” reshaped the international monetary system overnight, and then gradually changed the status of central bankers. Instead of acting as servants of the domestic economy, monetary policymakers have become masters of the globalized and financialized world economy…Central bankers’ status and constitutional role is therefore primarily a democratic question, not an economic or technical one.” Does this point to higher yields or lower yields ahead? The apparatchiks are already in place in places (and winter palaces), it seems, as “SEC’s Gensler likens stablecoins to 'poker chips’ amid call for tougher crypto regulation”. Gensler is quoted as saying: “History tells us that private forms of money don’t last long,” noting the US experimented with private money in the “wildcat banking era” from the 1830s to the 1860s, which “all had a lot of cost, a lot of problems.” Perhaps time to check if you are holding any NFTs of kulaks? (And meanwhile, Zoom’s $15bn bid for Five9 is under review; the US says it is likely to keep Huawei on its blacklist; and the State Department is reported to be massively expanding its footprint on China, with dozens of new officers in DC and at global embassies to monitor it at all times. No Cold War. All cooperation.) More and more, I am told that what I am talking of here is ‘too much’ for individual market participants to take in or deal with. They want to look at lines on screens; chase spot and ticks; play ‘The Price is Right’, and clock off at 5pm; do the same old deals; or put up stickers saying: “Workers of the world, unite!” or “Don’t tread on me”. We all like to look at the smallest changes in 10-year US bond yields all the time - yet heaven forfend if we have to think about what the world will look like in 10 years’ time! Regardless, socialism for the rich and --or vs-- socialism for the poor is the underlying reality for us and for markets. It may be awkward, or complicated, or involve more thinking than usual about how to trade it properly, but it remains true. On which note, allow me to conclude with an old joke about clashing political ideologies: “Under capitalism, man exploits his fellow man. Under communism, everything is reversed!” Tyler Durden Wed, 09/22/2021 - 09:45.....»»

Category: blogSource: zerohedgeSep 22nd, 2021

A CFP is an advisor armed with extensive education and ethical standards to help you manage your money

CFPs are highly knowledgeable and experienced financial professionals who advise individual clients on a wide variety of financial topics. Certified Financial Planners (CFPs) must have considerable financial expertise, both academic and practical, and agree to always put clients' interests before their own. Luis Alvarez/Getty Images A Certified Financial Planner (CFP) is a trade-industry designation for advisors and other professionals in the financial field. To gain the CFP designation, advisors must have a certain amount of experience, pass a rigorous exam, and commit to ongoing financial education. CFPs advise their clients on a wide variety of topics, including retirement and education planning, investment and tax planning, and risk management. Visit Insider's Investing Reference library for more stories. Working with a Certified Financial Planner (CFP) can often be a good idea if you're in the market for financial guidance. A CFP is one of the most experienced and knowledgeable financial advisors you'll find. They are held to a strict code of ethics and professional standards that have to be continually maintained. CFPs offer their clients a very specific level of expertise.Here is a closer look at what CFPs do and what you need to know before working with one. What is a Certified Financial Planner? A CFP is a financial professional who has completed all requirements to earn certification by The Certified Financial Planner Board of Standards, Inc. (CFP Board). This encompasses years of education in 72 financial specialties, thousands of hours of practical experience, and ongoing adherence to high ethical standards and certification requirements. CFPs are fiduciaries, which means they're ethically bound to always deliver advice that is in the best interest of their clients. They also take a holistic approach to financial planning, looking at both long-term and short-term goals. The cost of working with a CFP can vary greatly depending on what services they offer, how much experience they have, whether they work as part of a firm or as an independent advisor, etc. Because CFPs have a fiduciary responsibility to their clients, they often use a fee-only model for compensation. That means they don't accept commission for products they sell or recommend and charge the client directly for their services. This could be through a retainer, a percentage of earnings, or some other arrangement that is agreed upon by both parties. What does a Certified Financial Planner do? CFPs work with individual clients in any number of areas related to personal finance advising and planning. To earn their certification, CFPs have to:Complete extensive coursework in financial planning specialtiesPass a six-hour exam that tests them in eight core topics they are likely to come across in real-life planning situationsComplete at least three years of financial planning work with actual clientsComply with the CFP Board's Code of Ethics and Standards of Conduct Quick tip: CFPs have to complete 4,000 to 6,000 hours of experience related to the financial planning process as either a professional or apprentice. That's in addition to 12 to 18 months of coursework and holding a bachelor degree or higher from an accredited college or university. CFPs may be sole practitioners who solely provide financial planning services, wealth management advice, analysis, or investment and portfolio management. Some are credentialed professionals in a field related to financial planning who choose to earn CFP certification to add to their main practice. You'll often find CPAs, attorneys, insurance agents, and other legal, financial, or business professionals with CFP certification. A CFP may provide one or more services related to any of the specialty areas they've studied. Some of these include saving for retirement or college, creating a trust or fund for charitable giving, helping develop financial plans to attain a short-term goal, guiding your investment strategies, assessing risks to your wealth, and other specialties they choose to focus on. Specifically, all CFPs have experience with each of the following:Professional conduct and regulation: Consumer protection laws, fiduciary responsibilities, ethical obligations, how financial institutions work, and what regulations govern themGeneral principles of financial planning: The process of financial planning, cash flow management, working with financial statements, debt management, financial counseling, financing strategies, money concepts and calculations, financial values, attitudes, biases, and behaviorsEducation planning: Analyzing needs, savings options, how financial aid works, strategies around gifts and income tax, and vehicles for financing educationRisk management and insurance planning: Risk and insurance principles, analysis, and evaluation; health, disability, long-term, life, property, and casualty insurance; annuities; and business insurance needsInvestment planning: Risk evaluation, investment concepts and measures of returns, asset allocation, portfolio development, diversification, and analysis, tax issues related to investments, valuation of stocks and bonds, and investment strategies (including alternative investments)Tax planning: Basics of tax law and calculations, how taxes apply to businesses, trusts, property transactions, and estates, how to reduce and manage liabilities, and how to manage charitable givingRetirement savings and income planning: Analyzing retirement needs and advising the best plans for clients, how entitlement programs impact retirement needs, regulatory and distribution considerations, selecting the right plan for a business, and planning to pass a business onEstate planning: Tax implications and strategies for transferring property, estate liquidity and taxation, business transfers, how laws and regulations apply to marriages and non-traditional relationships, and trustsQuick tip: You can search for CFPs at LetsMakeAPlan.org and the National Association of Personal Financial Advisers website. If you want to verify a CFP's credentials, you can look them up on the CFP Board website. CFP vs. CFAIn your search for a financial advisor or planner, you will certainly come across many CFPs. You may also find financial pros who are Chartered Financial Analysts (CFAs). This is a certification similar to what CFPs earn. However, the CFA program focuses only on investment analysis, where CFPs have a much broader scope of experience.Certified Financial PlannerChartered Financial AnalystFocuses on helping individuals with personal investmentsExam tests eight areas of knowledge that include 72 topic categories, the mastery of which is considered to demonstrate a comprehensive framework for financial planningEducation, testing, real-world experience, and commitment to strict ethical standards are all required to earn certificationExpertise goes beyond investing and into insurance, tax planning, and other areas that can impact an individual's financial lifeFocuses on institutional investmentExam tests fundamentals of investment tools, valuing assets, portfolio management, and wealth planningUsually completed by people with finance, accounting, economics, or business backgroundsEducation, testing, real-world experience, and commitment to strict ethical standards are all required to earn certificationQualified to work in senior and executive positions in risk, investment, and asset management, among other areas of specialtyThe financial takeawayIf you're in the market for someone to help you with just about anything related to your financial health or future, looking into CFPs in your area might be a good place to start. These professionals are held to a very high standard of education, ethics, and experience that is ongoing to maintain certification. This may give you some reassurance that your finances are in good hands. That doesn't mean financial planners who are not CFPs are any less qualified to meet your needs. It all comes down to what you want to get out of your relationship with your financial guide and what kind of experience you feel they should have. This is a very personal decision that only you can make. Remember that CFP certification is only one tool to use in researching financial professionals - not the only one.Robo-advisors offer automated investing services at a low cost - here's how to tell if they're right for youA Registered Investment Advisor (RIA) is a government-regulated professional who actively manages your portfolioWhat to know about actuaries - the professionals who predict the financial future of companies with math and scienceWhat is an angel investor? Who they are, what they do, and how they help startups growRead the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 21st, 2021

This Top Retail and Wholesale Stock is a #1 (Strong Buy): Why It Should Be on Your Radar

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Rank. Building a successful investment portfolio takes skill and hard work, no matter if you're a growth, value, income, or momentum-focused investor.But what's the best way to find the right combination of stocks? Because funding things like your retirement, your kids' college tuition, or your short- and long-term savings goals will definitely require significant returns.Enter the Zacks Rank.What is the Zacks Rank?A unique, proprietary stock-rating model, the Zacks Rank uses earnings estimate revisions, or changes to a company's earnings expectations, to help investors create a winning portfolio.There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise.Agreement is the extent to which all brokerage analysts are revising their earnings estimates in the same direction. The greater the percentage of analysts revising their estimates higher, the better chance the stock will outperform.Magnitude is the size of the recent change in the consensus estimate for the current and next fiscal years.Upside is the difference between the most accurate estimate, which is calculated by Zacks, and the consensus estimate.Surprise is made up of a company's last few quarters' earnings per share surprises; companies with a positive earnings surprise are more likely to beat expectations in the future.Each one of these factors is given a raw score that's recalculated every night, and then compiled into the Zacks Rank. Using this data, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell."The Power of Institutional InvestorsThe Zacks Rank also allows individual investors, or retail investors, to benefit from the power of institutional investors.These professionals manage the trillions of dollars invested in hedge funds, mutual funds, and investment banks, and studies have shown that they can and do move the market because of the large amounts of money they invest with. Thus, the market tends to move in the same direction as institutional investors.In order to figure out the fair value of a company and its shares, these investors will build valuation models focused on earnings and earnings expectations. Because if you raise estimates for the bottom line, it creates a higher fair value for a company.Institutional investors will use these changes to help in their decision-making, typically buying stocks with rising estimates and selling those with falling estimates. Higher earnings expectations can translate into a rise in stock price and bigger gains for the investor.Because it can take a long time for an institutional investor to build a position -- sometimes weeks, if not months -- retail investors who get in at the first sign of upward revisions have a distinct advantage over these larger investors, and can benefit from the expected institutional buying that will follow.Not only can the Zacks Rank help you take advantage of trends in earnings estimate revisions, but it can also provide a way to get into stocks that are highly sought after by professionals.How to Invest with the Zacks RankThe Zacks Rank is known for transforming investment portfolios. In fact, a portfolio of Zacks Rank #1 (Strong Buy) stocks has beaten the market in 26 of the last 32 years, with an average annual return of +25.41%.Moreover, stocks with a new #1 (Strong Buy) ranking have some of the biggest profit potential, while those that fell to a #4 (Sell) or #5 (Strong Sell) have some of the worst.Let's take a look at Penske Automotive (PAG), which was added to the Zacks Rank #1 list on July 31, 2021.Established in 1990, Penske Automotive Group, Inc., based in Bloomfield Hills, MI, engages in the operation of automotive and commercial truck dealerships in the United States, Canada and Western Europe. The company also distributes commercial vehicles, diesel engines, gas engines, power systems and related parts and services principally in Australia and New Zealand. It employs more than 27,000 people across the globe.Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2021. The Zacks Consensus Estimate has increased $3.10 to $13.37 per share. PAG boasts an average earnings surprise of 33.9%.Analysts are expecting earnings to grow 101.4% for the current fiscal year, with revenue forecasted to rise 26.7%.Even more impressive, PAG has gained in value over the past four weeks, up 10.8% compared to the S&P 500's loss of 1.8%.Bottom LineWith a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Penske Automotive should be on investors' shortlist.If you want even more information on the Zacks Ranks, or one of our many other investing strategies, check out the Zacks Education home page.Discover Today's Top StocksOur private Zacks #1 Rank List, based on our quantitative Zacks Rank stock-rating system, has more than doubled the S&P 500 since 1988. Applying the Zacks Rank in your own trading can boost your investing returns on your very next trade. See Today's Zacks #1 Rank List >> 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Penske Automotive Group, Inc. (PAG): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksSep 21st, 2021

This startup"s $18,000 electric car only has one seat. Its CEO told us why he thinks buyers will eat it up.

As the world slowly switches from gas power to electric cars, EV startup ElectraMeccanica also asks us to rethink how many passengers we really need. The ElectraMeccanica Solo. ElectraMeccanica EV startup ElectraMeccanica plans to deliver its first tiny, one-seat EV before the end of 2021. The one-seat EV is called the "Solo," and ElectraMeccanica's targeting personal and commercial use. Early Solos will be made in China, but localized models will eventually be built in Mesa, Arizona. See more stories on Insider's business page. Today, electric cars are all the talk. Whether it's the Tesla Model 3 sedan or the Mustang Mach-E crossover, EVs have taken the market by storm. But nearly all of the popular electric cars have one shared trait: They're passenger cars. Canadian EV startup ElectraMeccanica wants to change that. In 2015, investor and motorsport enthusiast Jerry Kroll cofounded and formerly led ElectraMeccanica with a goal of challenging the concept of urban transportation. Instead of building a traditional commuter car, Kroll aimed for something far less conventional.Kroll's idea to rethink the automobile was to develop an affordable electric city car with just one seat, and ElectraMeccanica's current CEO, Paul Rivera, emphasized that ElectraMeccanica's creation would blend the space between micromobility and traditional transportation. "In micromobility, you've got everything from the little electric scooters and you've got little electric bikes," Rivera said. "Then on the other side, you've got passenger cars. And even in the electric-vehicle space, you still have three or four empty seats." The ElectraMeccanica Solo. ElectraMeccanica The idea makes sense: If we as a society are going all-in on electric power, we might as well decrease our physical footprint - and thus how much energy it takes to power the vehicles - as well.After the brand settled on a one-seater design, ElectraMeccanica decided to unironically name its creation the "Solo." In 2020, the brand announced it would begin Solo production with its partner, Chinese manufacturing firm Zongshen.Despite having three wheels and just one seat, Rivera said safety and comfort were the highest priorities in the build. "We went through great lengths to put a lot of safety in that vehicle, even though it's a three-wheeled vehicle and it gets classified as a motorcycle," Rivera said. "It still has front and rear crumple zones, it has side impact protection, it has a roll bar inside, it has torque-limiting stability control."On the inside of the vehicle, it has all of the accouterments and comfort features that you're used to in a passenger car: It has a heated seat, it has air conditioning, it has heat, it has Bluetooth." The ElectraMeccanica Solo. ElectraMeccanica With its compact form and low price of just $18,500, Rivera foresees the Solo integrating itself in a variety of capacities, eventually building up its own ecosystem. To create the ecosystem, ElectraMeccanica aimed at two large markets: personal and fleet.On the personal side, the benefits of an affordable electric car are most apparent. "It can be used in the retail space and it's for people who understand and want an electric vehicle but haven't been able to acquire one because of a price point that was unattainable before," Rivera told Insider.As for the fleet side, implementations in anything from last-mile delivery to car-sharing are possible. "If you could share that vehicle either in college campuses or in high-rise residential complexes - and walk up and unlock it with your iPhone or your Android device, and be able to take it out for two hours or four hours and take it and bring it back - it's the perfect vehicle," Rivera said. The ElectraMeccanica Solo. ElectraMeccanica To keep the purchase price low, ElectraMeccanica opted for a direct-to-consumer model. This move is similar to that of Tesla and it cuts out the need for a traditional dealership structure.At $18,500, the Solo undercuts every other U.S. sold mass market EV, and while it can't qualify for the federal tax credit, it can for state ones. For example, qualifying Oregon residents can obtain two separate $2,500 rebates for purchasing a Solo, bringing the price down to $13,500. As for future vehicles, ElectraMeccanica plans on eventually launching a reasonably affordable, classic-inspired electric convertible dubbed the "Tofino." While there's no release date yet, Rivera said ElectraMeccanica's focus is getting the Solo out to customers at its Oct. 4 launch event."I'm a car guy and we've got aspirations to do other things, but just to be very clear: For us, I believe that we need to deliver first on the plan," Rivera told Insider. "The plan is to put the Solo on the road first and build credibility."Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 21st, 2021