Zacks Style Scores Education - Learn more about the Zacks Style Scores That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.
As you might remember from your school days, an A, is better than a B a B is better than a C a C is better than a D and a D is better than an F.Īs an investor, you want to buy stocks with the highest probability of success. Within each Score, stocks are graded into five groups: A, B, C, D and F. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. The scores are based on the trading styles of Value, Growth, and Momentum. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. Write him at, tweet him at, or subscribe to his Substack. He is the author of Technology’s Big Bang: Yesterday, Today and Tomorrow with Moore’s Law, available at the Amazon Kindle store. Buying Workhorse today means betting on its executives, not its technology or its factory.Īt the time of publication, Dana Blankenhorn directly owned shares in AMZN.ĭana Blankenhorn has been a financial and technology journalist since 1978. A single big deal could justify that valuation. But its odds of success from its present market cap of $4.4 billion have risen since November. But it’s a good indication that it’s in the game. Her fund’s purchase doesn’t guarantee that Workhorse will win the game. Wood has jumped out of the pack of Wall Street managers with her ARK ETFs, which are focused on disruptive technology. When Workhorse sold off in November, after the Postal Service delayed its order, Cathie Wood of ARK Investments bought in for her ARK Autonomous Technology & Robotics ETF (BATS: ARTQ). About 31% of Workhorse stock is now sold short, he writes, as investors bet that it will be stomped on by bigger companies. That’s why our Chris Lau says Workhorse is under pressure to do multiple deals this year.
On the other hand, such big deals require quick scaling, something Workhorse doesn’t have. The moves validate the idea that America’s delivery fleet is going electric, and quickly. UPS (NYSE: UPS) has also committed to buying 10,000 electrics and invested in their maker, Arrival, which is going public through a Special Purpose Acquisition Company (SPAC) called CIIG Merger (NASDAQ: CIIG). GM has now launched an electric van company called BrightDrop, estimating this will be an $850 billion market in 2025.īoth GM and Ford pale in comparison to Amazon (NASDAQ: AMZN), which has ordered 100,000 electric vans from privately-held Rivian, and invested $700 million in the company. But Detroit, and the market’s customers, have changed the game.įord wasn’t on the Oshkosh bid until recently. Until recently electric delivery looked like a game for start-ups. The main risk in Workhorse, then, seems to be its ability to scale production. Workhorse also has a deal for 500 electrics with Prichard Companies, a large industrial dealer in Iowa. The Pride order represents more trucks than Workhorse had originally planned to build in 2021. Privately held Pride Group Enterprises, based in Canada, has signed a deal to buy 6,320 C-Series vehicles. A decision could come next month.Įven without the Postal Service, Workhorse is doing deals. The original bid was for a gas-powered truck, but Oshkosh now says it’s “ready to pivot” to electrics if it wins the deal. It has also been in business since 2007, as AMP Electric Vehicles. It works out of a plant once used by General Motors (NYSE: GM) and, later, by Navistar International (NYSE: NAV).Ĭompetition for the Postal Service contract is most intense from Oshkosh (NYSE: OSH), formerly Oshkosh Truck, which has teamed up with Ford Motor (NYSE: F). Workhorse has two vans that seem perfect for the job, the C-650 and C-1000. Our Luke Lango sees Workhorse winning the contract. 25 “Buy American” executive order seems to play right into Workhorse’s hands. The Postal contract is worth over $6 billion, and the new President’s Jan. Neither of the other two is offering a pure electric like Workhorse’s C-Series. Workhorse is one of three finalists for the order. Postal Service, which wants to replace its 140,000 gas-powered delivery wagons. That’s because its business strategy is targeting one big contract from one big customer, that it just might sign.
I called Workhorse a bubble stock in September, but sort of retracted that two months later.
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