I am obsessed with horsepower. Anytime I get a new car to review for TheStreet, I push it to the max down (think north of 120mph) on a deserted straightway by my house (can't disclose location, sorry policeman/policewoman).
But I have to say, it's the in-car technology on some of these flashy new rides that are capturing my attention, as much as the increasing amount of horsepower.
To be sure, that's what happened on Monday evening, when Ford (F) revealed its 2018 Explorer SUV. One of the Explorer's newest features, I learned at the unveiling event (see video below), is an available 4G modem that includes a wi-fi hotspot and supports as many as 10 devices at once. The kicker: Ford says the devices can be supported by the high-powered modem up to 50 feet away.
Now, all 10 kids could easily post on Snapchat and not suck up all of the family's data for the month.
With the big New York Auto Show about to kick off on Wednesday, one theme likely on order is how cars, SUVs and trucks are no longer these separate things parked in our driveway or garage. Rather, they are true family members, designed to be helpful beyond just shuttling little Joey off to camp. For example, it was pretty helpful for me to park this new BMW by using the remote while standing outside the car. It immediately relieved my mind of scratched and dented bumpers on a car that wasn't mine.
Keep in mind there is more happening in the car world right now than driver-less Uber car crashes and Tesla's (TSLA) market cap surpassing General Motors (GM) . Connected cars will be a huge, and more useful, trend. PWC forecasts that the value of entire connected car market will grow from $34 billion to $123 billion between 2015 and 2020. Research firm McKinsey estimates that connected cars could account for 22% of all vehicles on the road (not just new cars) by 2020, up from 10% in 2015.
Obviously there are ways to invest in all this stuff, including Intel (INTC) (it's soon to close Mobileeye division provides 90% of the auto market with collision avoidance technology), Qualcomm (QCOM) (sells its Snapdragon processors to the auto market) and Apple (AAPL) with its Carplay infotainment center. One that caught my attention last year is TE Connectivity (TEL) , which holds a 15.8% global market share in connectors.
Not that Alphabet's (GOOGL) driverless cars aren't fun, but hey -- you can't make money off them just yet.
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Here comes the Dodge Demon: At long last, Fiat Chrysler's (FCAU) Dodge division will debut one of the most anticipated cars of 2017 this evening: the Dodge Demon. Here is everything we know about the car. A hot rumor that is making the rounds ahead of the reveal (which I will be at, so follow @BrianSozzi on Twitter around 7:30pm EST today) is that the Demon will have 1,023 horsepower. Mind-blowing.
First pic of the Dodge Demon.
Gets revealed tomorrow night. pic.twitter.com/CG2hzprqTb— Brian Sozzi (@BrianSozzi) April 10, 2017
Meanwhile, here comes the flying car: German design firm E-Volo is hopeful of starting production on its flying car as early as next year, reports Motor Authority. The multicoptor (see video below), as it's known, is only capable of going 17 miles at a top speed of 43 mph.
Trump is really spending those greenbacks: The Donald has always been known to spend a few bucks, which he clearly is continuing on all our dimes as president. To date, Trump has spent six weekends -- and a total of 21 days -- at Mar-A-Lago, his private Palm Beach club, reports CNN. The total estimated costs for those trips are around $21.6 million. Former President Obama spent just under $97 million on travel in his eight years as president, notes CNN.
That puts Trump on pace to shatter Obama's travel budget. And we thought Trump was a conservative...
Spending like a royal: The Duchess of Cambridge Kate is also spending a few bucks nowadays, on royal looking clothing. Kate spent a grand total of $71,260 on clothing in the first quarter of the year, reports Daily Mail. Last year, she wore clothing worth $216,432 four times the value of her 2015 wardrobe.
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Old people will never retire: About a third of 45- to 65-year-olds say they'll work part-time in their golden years and 4% aim to have a full-time job, according to a new Ipsos/USA TODAY survey. Great long-term news for Macy's (M) -- these old people will have the cash to keep spending on new clothing for their jobs.
Doesn't it feel like a bubble: A total of 134 initial public offerings worth a combined $10 billion were recorded in the first quarter, the highest first quarter figures since 2014, according to new numbers released by KPMG. Let's see what happens to this figure as Yellen jacks up interest rates this year and next.
(What will move markets this quarter and how should investors position themselves ahead of time? Jim Cramer sat down with four of TheStreet's top columnists recently to get their views. Click here to listen to his latest Trading Strategies roundtable with them and read their advice for stocks, bonds, forex and gold.)