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Goldman's advice on playing autonomous vehicles as catalysts approach this year
Goldman's advice on playing autonomous vehicles as catalysts approach this year

CNBC

time15-06-2025

  • Automotive
  • CNBC

Goldman's advice on playing autonomous vehicles as catalysts approach this year

With the autonomous vehicle (AV) industry poised to grow in coming years, several stocks could be a way to play the trend, according to Goldman Sachs. "Autonomous vehicles have arrived for both rideshare and trucking," analyst Mark Delaney wrote in a note on Monday. "The key focus for investors is now on the pace at which AVs will grow and how big the market will become, rather than if the technology works." Delaney estimates that the U.S. rideshare market filled by AVs will hit $7 billion in 2030, equating to 8% of the total market. The analyst noted that there are already more than 1,500 robotaxis on the road from Waymo, a division of Google-parent Alphabet . Commercial operations may expand to seven cities by the end of 2026, up from four today, in San Francisco, Los Angeles, Phoenix and Austin, Texas. "With this roll out from Waymo, coupled with planned launches from others including Tesla and Zoox, we expect over [1,800] commercial autonomous vehicles in the U.S. by the end of 2025 and [35,000] in 2030," the analyst also wrote, adding that AV scaling is being driven by safety and falling costs. Risks overdone Against this rapid growth forecast, Delaney said investors should keep an eye on both stocks that could benefit as well as buy-rated companies where investor concerns about risks from AVs could be overdone. Here are some of the stocks that Goldman highlighted. Tesla is one standout in anticipation of it debuting its robotaxi service in Austin later this month. CEO Elon Musk told CNBC's David Faber in May that Tesla plans to start serving the Texas state capital with 10 vehicles, eventually expanding to thousands if the launch is successful. "We believe the degree to which Tesla can have differentiated scale and technology will be key for its long-term profitability in the robotaxi business," Delaney wrote. "We expect Tesla to meet its objective to start AV operations this summer in Austin, although we also believe that Tesla's use of certain tools (including geofencing and local specific parameters) as well as a need to validate/improve on the technology for wider unsupervised use will limit how fast Tesla can scale its AVs in the near-term." Delaney is neutral on Tesla stock, saying he has a more "moderate" outlook for the company's profits than Tesla's own forward guidance. Still, he believes Tesla's earnings can improve in the medium- to longer-term as a result of full self-driving (FSD) and AV technology. TE Connectivity could also benefit from AV growth, Delaney said, adding that the company that enables the transfer of data, power and signals "has incremental content opportunities tied to the high speed data connectivity that is needed for partly and fully autonomous vehicles." "We believe that connectors for data connectivity make up about 10% of the total connector value per vehicle, and represent an attractive growth opportunity," Delaney wrote. Delaney has a buy rating on the stock, while his $184 price target implies more than 13% upside from Friday's close of $166. Shares have already surged almost 14% this year, far outpacing the broader market, and pay a dividend yield of 1.75%. A bright future notwithstanding, Delaney said AV ridesharing is still in its "very early days," leaving concerns surrounding AV risk to companies like Lyft potentially overblown and, in any case, "more than already discounted" in the stock. In fact, Delaney expects that AV operators and fleet owners will "continue to enter into partnerships in the coming years" and that Lyft could play a role in the broader hybrid and AV ecosystem by generating demand and managing vehicle fleets, for example. Delaney has a buy rating on Lyft, and his $20 price target implies more than 35% upside from Friday's close. Lyft his soared 31% in the past three months, and is 14% higher so far in 2025.

Wounded Laois ready for 'huge' Tipperary test
Wounded Laois ready for 'huge' Tipperary test

RTÉ News​

time13-06-2025

  • Sport
  • RTÉ News​

Wounded Laois ready for 'huge' Tipperary test

Laois hurler Pádraig Delaney has labelled this Saturday's All-Ireland quarter-final clash with Tipperary a "huge test" as they look to bounce back from Joe McDonagh Cup final agony. The O'Moore County fell at the hands of neighbours Kildare in Croke Park last Sunday, 12 months on from another agonising loss to Offaly in the same fixture. They would ultimately go on to lose to Wexford a week later but are buoyed by the prospect of taking a major scalp this time around. "It's a big test just a week after. It's great to have a game like that. We'll be back training tonight and hopefully we'll prepare as best we can for it," Delaney told RTÉ Sport. "It's going to be a huge test, we know that, but we'll try and prepare as best we can." Tipperary finished the Munster championship level on points with finalists Cork and Limerick, suggesting a huge task awaits the Midlanders, but Delaney is aware of where his county men need to improve ahead of Saturday's encounter in Portlaoise. "I think the game got away from us there in the second half. We got a goal after half-time, and I thought we would push on. Cathal [Dunne] made a few great saves as well, but they just tagged on the scores easier than we did. "We struggled on our own puck-outs and that's disappointing." The Harps centre-back started in every game for Laois across the McDonagh Cup campaign, scoring in each of their six games. There is no doubt that losses can leave a scar. Laois were All-Ireland quarter-finalists back in 2019, when they lost to eventual champions Tipperary. But there's no hang-up towards Kildare's history-making result. "It's a tough one to take after two years. Kildare were full value, they're a great side with some brilliant players there and we are just disappointed overall," added Delaney. The target now is on a home showdown with another neighbour, before looking to go all the way in the Joe McDonagh next year, and return to the Leinster Championship. "We want to get back to Leinster Championship and to do that, we have to win the Joe McDonagh, and we have to consistently beat these teams. So hopefully we're back again next year and we'll go again." Despite the short turnaround between the Joe McDonagh final and the preliminary quarter-final, Delaney and co are enjoying the challenge. "We're going to have to pick ourselves up. It's a tough championship, like it's week on week, but it's enjoyable. So we'll go back training tonight and we'll try and try and pick the lads up and we'll go again on Saturday."

Podge Delaney urges Laois to bounce back from Croke Park heartbreak ahead of Tipperary clash
Podge Delaney urges Laois to bounce back from Croke Park heartbreak ahead of Tipperary clash

The Irish Sun

time12-06-2025

  • Sport
  • The Irish Sun

Podge Delaney urges Laois to bounce back from Croke Park heartbreak ahead of Tipperary clash

DESPITE suffering Croke Park heartbreak for the second year on the spin, Podge Delaney is keen for Laois to make the most of their chance to prove that they are no average Joes. Last Advertisement 2 Podge Delaney urged Laois to bounce back after their Joe McDonagh Cup heartbreak 2 Tipperary play Laois this weekend in the All-Ireland SHC preliminary quarter-finals But the 2025 campaign is not yet over for Tommy Fitzgerald's side, who face As Laois discovered in their defeat to Wexford at the same stage last year, regrouping to take on top-tier opposition so soon after failing to achieve the ultimate objective is a tall order. Experienced defender Delaney said: "It can be tricky. It's a quick turn-around, especially after losing. It can be a lot easier after a win and you have momentum behind you. "But at the end of the day, it's a Championship game and you're putting on the Laois jersey. Advertisement READ MORE ON GAA "You want to do yourself proud as well. We don't get too many years to do it so it's another Championship game where we'd like to put in a good performance." As the only Joe McDonagh team to have won a game in the Liam MacCarthy Cup since the competitions were linked, Laois remain the benchmark when it comes to mixing it with the big boys. Delaney was a member of the side who stunned Dublin in 2019, before going on to be beaten by eventual champions Tipp when an All-Ireland semi-final spot was up for grabs. While riding the crest of a wave, respectable performances were also produced by recent McDonagh winners such as Antrim, Carlow and Offaly. Advertisement Most read in GAA Hurling Comment Comment However, as evidenced by an average losing margin of 24 points, it has proven more difficult for the beaten finalists to get back on the horse. Still, Delaney said: "It's nice to get the opportunity to play the top teams as well. Back in 2019 we beat Dublin, so there's scope there to win games and have a real cut off bigger teams. GAA fans 'loved seeing and hearing' the late Micheal O Muircheartaigh as he features in RTE documentary Hell for Leather 'It's definitely a lot easier when you win the final but we'll pick ourselves back up again and go again on Saturday.' Although the teams were level at half-time, Laois were left to rue their first-half wides tally of 11 against Kildare as they sought to atone for losing last year's final to Offaly. Advertisement Things were looking good nonetheless as Paddy Purcell netted to give them a 1-11 to 0-11 just seconds after the restart. However, they were outscored by 2-15 to 0-8 thereafter as the Lilywhites sealed a ten-point triumph. Delaney reflected: "I think in the second half we kind of just fell away from the game. I don't know what it was. Even at half-time and after we got the goal, I thought we had scope to push on. But we just kind of fell away. "Kildare are obviously a savage team as well with savage, fit players, unbelievable hurlers as well. They got on top of us in the second half and we couldn't claw it back." Prior to this season, Kildare had never won a game at that level. Laois, who competed in the Leinster SHC as recently as 2022, were favourites to seal their return. Advertisement Delaney added: 'They had a bit of freedom. I suppose we gave them a bit too much freedom on the field as well. But look, they're a great team. 'What they're after doing in the last year is brilliant. I'm working up in Kildare so I can see first-hand the work that's going into hurling up there. It's brilliant to see it." Laois will have home advantage on Saturday for a meeting with a Tipperary team they encounter regularly in challenge matches. Delaney said: "We've played them nearly every year for the last few years. We know they're a savage outfit. Advertisement 'We'll just be hoping we can put in a good performance to give the fans that were up in Dublin the other day something to cheer about, because we feel like we kind of let them down."

Delaney and Laois eager to pick up pieces and go again
Delaney and Laois eager to pick up pieces and go again

Irish Examiner

time12-06-2025

  • Sport
  • Irish Examiner

Delaney and Laois eager to pick up pieces and go again

For Laois and Padraig Delaney, this is a bid to bounce back. The quick turnaround from the devastation of the Joe McDonagh Cup final defeat to a preliminary quarter-final may be a 'joke', but the challenge is deadly serious. Manager Tommy Fitzgerald was critical of the six-day gap when speaking in Croke Park after their loss to Kildare, while stressing they want to represent the jersey properly. For Delaney, that is the primary ambition in welcoming Tipperary this weekend. "It can be tricky. It's a quick turnaround, especially after losing,' he said, speaking at the launch of the All-Ireland Senior Hurling Championship this week. 'It can be a lot easier after a win and you have momentum behind you. But at the end of the day, it's a Championship game and you're putting on the Laois jersey. You want to do yourself proud as well. We don't get too many years to do it so it's another Championship game where we'd like to put in a good performance." Laois looked primed for a promotion push in 2025. They reached the 2024 decider, Delaney made the Team of the Year, the county board made a shrewd appointment in Darren Gleeson last August. Gleeson subsequently had to step down in order to undergo cancer treatment. 'Tommy came in at late notice, but he brought in a savage backroom team as well. Tommy is one of our own. He's a brilliant manager. 'We couldn't have asked for anyone better in that situation. What happened to Darren Gleeson was unfortunate. We would have loved to have him down. But we couldn't have asked for a better man than Tommy.' Despite delegates voting against a proposal to abolish the preliminary quarter-finals in 2023, there have been renewed calls to scrap the system. Laois secured a shock win in 2019 but since then there have been numerous one-sided games. That move could create space to stretch out the Joe McDonagh Cup and play the final before one of the All-Ireland semi-finals, with the victors still progressing to the Leinster championship the following year. When asked whether he'd favour such a move, Delaney was reflective. 'I suppose. But it's nice to get the opportunity to play the top teams as well. Back in 2019 we beat Dublin so there is scope there to win games and have a real cut off bigger teams. It's definitely a lot easier when you win the final but we'll pick ourselves back up again and go again on Saturday."

Tennessee man charged with rape of a minor at Grandview Heights hotel
Tennessee man charged with rape of a minor at Grandview Heights hotel

Yahoo

time11-06-2025

  • Yahoo

Tennessee man charged with rape of a minor at Grandview Heights hotel

GRANDVIEW HEIGHTS, Ohio (WCMH) – A Tennessee man has been arrested after allegations of kidnapping and rape of a minor at a Grandview Heights hotel. According to a criminal complaint, the Grandview Heights Police Department took a rape report from a juvenile victim at Nationwide Children's Hospital on May 5. The victim, 15, told police she met Davarus Delaney on a social media platform months earlier and that the two agreed to meet the Hyatt Place on Yard Street. At the hotel Grandview PD said that the victim was raped multiple times over a two-day period and that Delaney, 31, displayed a firearm and made numerous threats while not allowing her to leave the room. Over 400,000 Ohioans see driver's license suspensions lifted under new law The victim alleges that on April 28, Delaney became aggressive towards her, dragged her across the room and asked for oral sex. Delaney reportedly threatened to 'pistol whip' the girl if she did not comply before he raped her. Police said the following morning the victim was raped again while being choked. On June 5 police said Delaney was arrested in Tennessee by a U.S. Marshals Task Force and the Chattanooga Police Department. Five days later he was extradited to Columbus for court processing. Grandview PD reported that Delaney admitted to having sexual contact with the victim while knowing she was 15 years old. Court records indicate that Delaney appeared before a Franklin County Municipal Court judge Wednesday morning on two counts of rape and two counts of kidnapping. He was issued a $550,000 bond and is next scheduled to appear in court on June 20 for a preliminary hearing. Additionally, Hamilton County court records out of Tennessee lists a charge of being a fugitive for a crime in another state. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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